Friday, September 7, 2012
BN, having found 9816-200sma a good ST support, poised to reverse "UP" on the back of global cues.
9990-80% mark of the last downmove would signal a ST reversal to be confirmed by a move past 10033(JNSAR being 10031).
10130 is the ST resistance, above which the critical 20sma is placed @ 10230(so too WEma)
10130 is the ST resistance, above which the critical 20sma is placed @ 10230(so too WEma)
Thursday, September 6, 2012
BN @ its critical 200Sma-9815- strength above; weakness below...
I have given a weekly chart to get a "bird's eye view" of the "whole picture".
If 9800 gives way, deeper "correction" towards 9110.
If 9800 holds, an attempt to reverse the ST which needs a min. clearance of 10033 for higher targets..
If 9800 gives way, deeper "correction" towards 9110.
If 9800 holds, an attempt to reverse the ST which needs a min. clearance of 10033 for higher targets..
Wednesday, September 5, 2012
BN is stuck in "9890 to 10130" ST range within which a "CT" is unfolding.
Below "9890", break down is very likely.
Continue Reading...
Tuesday, September 4, 2012
Monday, September 3, 2012
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