Archive for June, 2018

Month close below/ above 10568 would be critical for the day…

Corrective phase of larger t/f in BANKNIFTY/ NIFTY such as month & week:  The current fall from 27652 / 11172  may have seen the counter trend rally, and resuming downtrend towards its lows namely 23613 & 23211 / 10033, 9688 & 9521 in their deeper correction, the confirmation of it would come whenever prices break & remain below 10400; if holds above 10400, it would attempt another move towards earlier highs.

Bank Nifty: ST direction is “Down” with prices closing Below “DLEma ”;

Nifty: ST direction is “Down” with prices closing Below  “DLEma ”. Read the rest of this entry »

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Range of 10900-10400 being played out with its median @ 10650…

Corrective phase of larger t/f in BANKNIFTY/ NIFTY such as month & week:  The current fall from 27652 / 11172  may have seen the counter trend rally, and resuming downtrend towards its lows namely 23613 & 23211 / 10033, 9688 & 9521 in their deeper correction, the confirmation of it would come whenever prices break & remain below 10400; if holds above 10400, it would attempt another move towards earlier highs.

Bank Nifty: ST direction is “Sideways” with prices closing Below all “HEmas”;

Nifty: ST direction is “Down” with prices closing Below  “DLEma ”. Read the rest of this entry »

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Most whipsaws found in “b” of “B” wave…

Corrective phase of larger t/f in BANKNIFTY/ NIFTY such as month & week:  The current fall from 27652 / 11172  may have seen the counter trend rally, and resuming downtrend towards its lows namely 23613 & 23211 / 10033, 9688 & 9521 in their deeper correction, the confirmation of it would come whenever prices break & remain below 10400; if holds above 10400, it would attempt another move towards earlier highs.

Bank Nifty: ST direction is “Sideways” with prices closing Below most “HEmas”;

Nifty: ST direction is “Sideways” with prices closing Below  all “HEmas ”. Read the rest of this entry »

5 Comments

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