Daily Tryst with Nifty

[Sunil]

lower TL has been tested quite a few times now - getting weak

 

[Sunil]

2min left for confirmation.......

this 2pm hourly bar has the narrowest range since maybe 8-9 bars!!!!!

break out/down sooner now

 

[Sunil]

lower TL has been tested quite a few times now - getting weak

2min left for confirmation.......

this 2pm hourly bar has the narrowest range since maybe 8-9 bars!!!!!

break out/down sooner now

as expected, the TL broke down....

 

[Sunil]

2652 theory + triangle pattern has an initial target of around 4640 and then 4625

of course, this psychological 4650 has to be taken care of first

 

[Sunil]

2652 theory + triangle pattern has an initial target of around 4640 and then 4625

of course, this psychological 4650 has to be taken care of first

zip zap zoooooooooooom
dropped like stone below 4650
LOD = 4635

pattern target achieved

 

[Sunil]

If today was the day of the LOWER TL break, then bulls should expect tommorow to be the day of UPPER TL break...

In Daily chart,
NIFTY FUTURE HAS MADE AN INSIDE BAR + NR4 PATTERN TODAY
NIFTY SPOT HAS MADE NR4 TODAY
(actually, also an inside day if we look intraday chart - it's only due to the invisble opening high of 4731)

Let's see if tomorrow Nifty keeps up its tryst with the 61.8% retracement level of the entire fall from 2008 high to 2008 low - which is at 4800 zone; the upper TL should oblige first.

 

[Sunil]

 

[Aqua9]

refer chart in post # 1375 for support
and post # 1373 for resistance

Hi sunil

Could not get thru your message could you pls explain.

rgds
arun.

 

[columbus]

The gap between 100-DMA and 25-DMA is narrowing down widely.
The gap between 100-DMA and 50-DMA in month is narrowed
minutely by 25 points from 200 to 175 points.

 

[MurAtt]

Rectangle formation b/o. 30 pts for taking. 4695 here we come ....
NSpot 5min chart