AMITBE said:
Hi Satya...the tension levels from short and longer term readings are 3400 and 3409, the latter being a more difficult level.
Should the market show strength there is no reason why these should not be taken.
That would bring the action back at 3425, the major level and a turning point discussed last week.
Should the market show strength there is no reason why these should not be taken.
That would bring the action back at 3425, the major level and a turning point discussed last week.
Friday evening close was right on top of 3345, a key level discussed earlier.
Today it was the close on the nose of 3425, the major turning point that had got left behind tucked into a gap in the recent past...which has been more than filled now.
This is from my study of course...I've not grown into an Elliott Wave chartist yet!