Today's Buy Levels

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uasish

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Re: Todays Buy Levels

pritiprasad,

I cant predict & very lousy in analysis so all my views are extremely
subjective.

Praj Fut:= There was an upmove on 3rd with 1 Crore 9.73 Lack volume
with next 2 day's (including to-day) price rejection,yesterday vol
was 77.48 Lack with an upper shadow & today 27.06 Lack with a Lower
shawdow.It would have been encouraging if today's vol was atleast
more or equal to yesterday.I know this will sound dull to your ear's
as your MTM is (-) Rs 5.55*2200 is .Forget the analysis & prediction
You will only follow tomorrow these things
1)Whether it stays above 214.85 upto 1st 10 mins then it may retest
the 2 Tough region at 215.20 & 216.95 to gain momentum it has to
surpasses that & the Lower side 213.80 & 212.20 is support.
2)Tomorrow volume has to come > 5 Lack / Hr.
3)In 5 mins chart from 1.05 pm to 3.25 pm in a sideways movement in Rs 1.50 range.
4)Smart money came at 12.55's bar.
Hence as you are already in the Scrip & today at 11.30 with anguish saw
211.00 ( Rs 9.00 less than your entry) so let us see to-morrow.

There is no Sell signal in my System still now.Rather a Long alert
from 3.10 but no Signal yet.

However in EoD & Weekly SL is far Low.

Asish
 
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uasish

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Re: Todays Buy Levels

closing in on 6000 with good volumes again today..also visible is a steady build up on long position in nifty with a 40 point futures premium
Weekly chart of Nifty Fut is looking like an inverted triangle with the apex being 23rd Nov week Low @ 5395.05 & presently sitting almost at the base line .
A break out is possible if 4 week consecutive high's in the region of 5967 to 6004.90 is surpassed .
 
Re: Todays Buy Levels

Weekly chart of Nifty Fut is looking like an inverted triangle with the apex being 23rd Nov week Low @ 5395.05 & presently sitting almost at the base line .
A break out is possible if 4 week consecutive high's in the region of 5967 to 6004.90 is surpassed .
good observation.....also noticed in weekly is that the ADX is sloping upwards giving more odds for a b/o......6000 is the level iam watching as well and this time iam sure volumes will support the b/o........
 
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