Mar 18, 2011

Nifty Premarket View

Option reading index for today is (-) 1.48 down from last trading figure of (-) 1.63 still suggests mild selling pressure.
Std.Param
Tenkensen - 5468, Kijun - 5393, Span A - 5430, Span B - 5659
Price close below Tenkensen. Resistance - 5468 / 5478, 5547, 5659. Support at 5431, 5393, 5280
Is there a slow and gradual shift towards downward... seems to be as Span B levels keeps coming down.
Short Param
Tenkensen - 5454, Kijun - 5490, Span A - 5472, Span B - 5420.
Price close below Tenken. Resistance - 5454, 5466, 5472, 5477, 5490. Support - 5420

Reader Alphabet1 says " tight triangle resolution will happen with big bang"...




1 comment:

manu said...

guru ji..
buying time kya??

seeing 5400 put oi looks like..but can be erased n few hrs:)