Archive for March, 2019

Follow this 5th wave by trailing with 11525-555 presently; change as new highs are made.

The numbers discussed here are “Nifty Spot“. 

Prices have closed above 10Dsma-11460 & 50Dsma-10999. A rally is in place from 10586. In the current scenario, 2 possibilities exist:- 

  1.  Complex “B” wave’s last leg of upmove unfolds in 5 waves from the low of 10645 (having done its 3rd wave @ 11530/572) targeting 11600-800 (Invalid below 11485)
  2. New uptrend may have commenced from the low of 10005 with the 1st wave @ 10985, 2nd @ 10585 & the 3rd ending @ 11530/572 & the 4th unfolding. As long as it holds the last rise retrace, this view remains in contention. (Valid till above 11000)

In sum, both are bullish as long as the 61.8% retrace of the current rise( “c” of “B” or 3rd of new uptrend) from 10585 holds.

For the day,

If” bearishly biased, then “IF” prices remain below 11620-640 @ open, weakness returns towards 11535-555.

“If” bullishly biased, then “IF” prices remain above 11525-550, strength continues towards 11620-640 & 700.

11450 would be major critical number for the continuation of this rise.

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

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“IF” prices remain below 11460-475 & “IF” prices remain above 11345-360, you find some sideways trade..

The numbers discussed here are “Nifty Spot“. 

Prices have closed above 10Dsma-11437 & 50Dsma-10985. A rally is in place from 10586. In the current scenario, 2 possibilities exist:- 

  1.  Complex “B” wave’s last leg of upmove unfolds in 5 waves from the low of 10645 (having done its 3rd wave @ 11530/572) targeting 11600-800 (Invalid below 11250)
  2. New uptrend may have commenced from the low of 10005 with the 1st wave @ 10985, 2nd @ 10585 & the 3rd ending @ 11530/572 & the 4th unfolding. As long as it holds the last rise retrace, this view remains in contention. (Valid till above 11250)

In sum, both are bullish as long as the 38% retrace of the current rise( “c” of “B” or 3rd of new uptrend) from 10585 holds.

For the day,

If” bearishly biased, then “IF” prices remain below 11460-475 @ open, weakness continues towards 11355-375.

“If” bullishly biased, then “IF” prices remain above 11345-360, strength returns towards 11465-475 & 520.

11285 would be major critical number for the continuation of this rise.

Nifty: ST direction is “Sideways” with prices closing below  “DHEma ” and above most “CEmas”. Read the rest of this entry »

2 Comments

“IF” prices remain above 11435-450 @ open, strength continues towards 11525-540 & 590.

The numbers discussed here are “Nifty Spot“. 

Prices have closed above 10Dsma-11422 & 50Dsma-10971. A rally is in place from 10586. In the current scenario, 2 possibilities exist:- 

  1.  Complex “B” wave’s last leg of upmove unfolds in 5 waves from the low of 10645 (having done its 3rd wave @ 11530/572) targeting 11600-800 (Invalid below 11250)
  2. New uptrend may have commenced from the low of 10005 with the 1st wave @ 10985, 2nd @ 10585 & the 3rd ending @ 11530/572 & the 4th unfolding. As long as it holds the last rise retrace, this view remains in contention. (Valid till above 11250)

In sum, both are bullish as long as the 38% retrace of the current rise( “c” of “B” or 3rd of new uptrend) from 10585 holds.

For the day,

If” bearishly biased, then “IF” prices remain below 11515-530 @ open, weakness returns towards 11435-450.

“If” bullishly biased, then “IF” prices remain above 11435-450 @ open, strength continues towards 11525-540 & 590.

11285 would be major critical number for the continuation of this rise.

Nifty: ST direction is “Sideways” with prices closing below  “DHEma ” and above most “CEmas”. Read the rest of this entry »

2 Comments

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