Friday, March 14, 2014
Update
Fingers crossed. likely to be a X-wave, 2nd channel support line didn't break. The bias even hasn't changed yet ? Let us watch for a couple of days.
Update
During first leg up of 1st corrective all falls lasted about 7-8 days. This may turn out to be a good clue for us.
Update
First T/Lgot broken and price is approaching Second Trendline. If second trendline is also broken then X-wave is out of contention.
Update
Today there could be a bias change if Nifty is able to close below 6476.65 i.e break in the uptrend.
Update
Is it an x-wave or b-leg after a-leg of the 2nd corrective or is it going to be a traingle in the 2nd corrective first leg itself ? Let us wait and watch.
Pre-Market Levels For 14th March, 2014 Working
Nifty Future [6471 - 6543 as par FnO Cues]
6588-6593 Sell All
6569-6577 Sell Zone
6542-6551 Strong Resistance
6521-6529 Weak Below / Strong Above
6486 Strength Above
6470 Buy Here or Holding / Sell All below
6452-6462 Big Support / Sell Below
6452-6462 Big Support / Sell Below
6541 Last Support
Banknifty Future [11655 - 12240 as par FnO Cues]
12266 Sell All / Buy More Above
12200-12223 Sell All / Buy More Above
12047-12086 Consolidation Zone
11936-11985 Strong Support / Weak Below
11820-11880 Strong Support
11729-11788 Buy Zone
11666-11696 Buy All / Sell All below
6588-6593 Sell All
6569-6577 Sell Zone
6542-6551 Strong Resistance
6521-6529 Weak Below / Strong Above
6486 Strength Above
6470 Buy Here or Holding / Sell All below
6452-6462 Big Support / Sell Below
6452-6462 Big Support / Sell Below
6541 Last Support
Banknifty Future [11655 - 12240 as par FnO Cues]
12266 Sell All / Buy More Above
12200-12223 Sell All / Buy More Above
12047-12086 Consolidation Zone
11936-11985 Strong Support / Weak Below
11820-11880 Strong Support
11729-11788 Buy Zone
11666-11696 Buy All / Sell All below
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