Archive for November, 2018

Holding the Gap @ 10775-785, upmove continues..

For the day, Prices remaining above 10815 would keep strength towards 10900-915 or 10960+. (In sum, I would act closer to @ 10915-940 zone & @ 10785-800 zone in first session which follows yesterday’s technicals; once past 1st session, new technicals will start unfolding)

Major Reversal rally for the huge fall from 11760 to 10005 got stalled @ 10775 and has consolidated finding support at 10440-490 and has moved past gap @ 10755-821 and poised to move towards 10937-11078 in the coming days.

Gap @10755-821 is expected to act as major support during this rally.

Nifty: ST direction is “UP” with prices closing above most“HEmas ”. Read the rest of this entry »

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Earlier supp. & Res @ 10866 – 10937 could be tested in a day or two if gap @ 10755-821 is surpassed…

Yesterday: Prices moved to 10720-740(10742) at open and corrected & held above the critical 10675 throughout.

For the day, Prices remaining above 10715 would keep strength towards 10795-815 or 10840+. (In sum, I would act closer to @ 10815-840 zone & @ 10750-760 zone in first session which follows yesterday’s technicals; once past 1st session, new technicals will start unfolding)

Major Reversal rally for the huge fall from 11760 to 10005 got stalled @ 10775 and has consolidated finding support at 10440-490 and now poised to move past gap @ 10755-821 and if successful, then towards 10866-937 in the coming days.

Gap @10755-821 has acted as major resistance during the rally and could be challenged today.

Nifty: ST direction is “UP” with prices closing above most“HEmas ”. Read the rest of this entry »

3 Comments

Gap @ 10755-821 would be tested once again today..

Yesterday: Prices resisted at 10635-650(10641) at open & found support @ 10595 and reversed and moved past 10650 and reached our target zone of 10690-10710(10695).

For the day, Prices remaining above 10650-675 would keep strength towards 10720-740 or 10775+. (In sum, I would act closer to @ 10650-675 zone & @ 10740-775 zone in first session which will follow yesterday’s technicals; once past 1st session, new technicals start underway)

Major Reversal rally for the huge fall from 11760 to 10005 got stalled @ 10775 and is consolidating to find support. As long as 10440-490 holds, it is likely to attempt to move past gap @ 10755-821 and if successful, then towards 10866-937 in the coming days.

Gap @10755-821 has acted as major resistance during the rally.

Nifty: ST direction is “UP” with prices closing above most“HEmas ”. Read the rest of this entry »

2 Comments

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