Indeed the day was perfectly predicted. 4585-4625 was the initial hurdle, and it opened and made low just @ the first resistance @ 4586, hit the 2nd hurdle 4624.5 and came down to 4582 again, bounced and touch 4660 (high made 4666) and got range bound between 4630-4660 :) . Broke out and it was a smooth sail towards 4711 and yet to touch 4730 as discussed yesterday.
Resistances: 4727/30 is absolutely star level of the day. Unless that level is getting violated on the upside convincingly all the up move towards that level will be an opportunity for shorts. A convincing break above that level can bring 4770-4855/60-4915... and how many times this 4915 zone got projected till date??? 20? 50? 100? :) .. have a gr8 day!!!
Satyam,
ReplyDeleteYou nailed it again bro....Excellent chart....
Hi Shisir,
ReplyDeleteU r among the best friends, guide & source of encouragement whenever I needed it. Spent some gr8 times with charts together. Thank u for ur support.
-Satyam
Satyam , any chance of nifty bouncing up now or should the road b down now fr today
ReplyDeleteHi Alnesh,
ReplyDelete4660 is pivotal as of now, though 4625-4585/80 is another place for bounce, so below 4660 its weak but can go long around 4625-4580 with strict s/l as we r in corrective till 4580 is holding.
Nifty did hold 4610 and how , just sky rocketed up as if no tommorow ... Stunning ...! But is there something deceptive about it ... Your view would b appreciated...
ReplyDelete