Apr 21, 2011

Nifty Intraday Update - II

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11 comments:

mo h said...

A downward pressure exerting on the priceaction ? The cloud top is way below ...
Interesting.
Thanks Sri, good one.

mo h said...

Europe opened green moved up,
and seems to fall and settle above prev close, still in green anyway.

sriganeshh said...

mo h

thanks..market dynamics seems to be weak at this moment...indecisiveness completely.
Action centered around POC or median with so many whipsaws in 5 min..
closing should be interesting...

mo h said...

Yes, Sri, and tomorrow is holiday too.
[afterthat no break off holidays till independence day aug15].

sriganeshh said...

seems to be breaking upwards...in 5 min

manu said...

boss..caution..dollar index broke 74..
money coming in..balle baale

sriganeshh said...

manu

balle balle...but that is longer tf

let us see today closing to arrive at next day move..

manu said...

yes..u made me look life longer..so no short cuts now..

thnx sri..

sriganeshh said...

manu,

if u see nifty eod post heikin ashi chart...key level 5900 is giving stiff resistance which median 5895 supporting. This narrow range has to be broken first

mo h said...

going like this to close, it will be a doji star day, indecision for weekend regurgitation, and a left gap.

sriganeshh said...

mo h

rightly said. The range 5900 - 6000 becoming mine clusters of resistances..