Settlement Day--- and going by the grind that we were in during last few days,today is also not likely to be much different in terms of range I believe a range of 5090-5160 would prevail during the day.
My preferred Count YbC as an Impulse with ED says that we would not go above 5172 and , therefore, a Stop-loss for shorts at 5172 is necessary.
And if the Count lives, Yc with a minimum target of 0.62* Ya(=5342-4789=553) should take us down to 4800 level again in July series.
For Intra-day trades today, following trendlines would be my guiding lights--- lets see which one becomes a support and which acts as a resistance:
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10.20 AM
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11.45 AM
One Minute chart:
.png)
12.15 PM
.png)
.png)
1.07PM
Trendline again acted as support and weakness on 5 min charts was not transmitted to Hour charts
.png)
And thus the grind continues--
1.25 PM
Now the Hourly shows x-over as well:
.png)
.png)
Stop-loss at day's high is a must.
My preferred Count YbC as an Impulse with ED says that we would not go above 5172 and , therefore, a Stop-loss for shorts at 5172 is necessary.
And if the Count lives, Yc with a minimum target of 0.62* Ya(=5342-4789=553) should take us down to 4800 level again in July series.
For Intra-day trades today, following trendlines would be my guiding lights--- lets see which one becomes a support and which acts as a resistance:
.png)
.png)
One Minute chart:
.png)
.png)
.png)
Trendline again acted as support and weakness on 5 min charts was not transmitted to Hour charts
.png)
1.25 PM
Now the Hourly shows x-over as well:
.png)
.png)
Sir ur range 5090-5160 is too much at present it is only 5150-5155
ReplyDeleteHa-Ha-Ha-Ha-Ha------
DeleteThe other day I read somewhere,if you cope up with boredom -- you will do well in share markets
Sir,
DeleteQuote from Mahabharata :
"While hunting the tiger be conscious about the patience shown by the tiger while it hunts"
Come to my office--we will trade together--
ReplyDeletedear sir we should hold short till tommorrow
ReplyDeleteyu are genious as expiry expected around 5090
ReplyDelete