The Hanging man on yesterday's Daily Chart got annulled in the beginning of session itself when yesterday's high of 6083.55 got breached. Though today's top was only 1.15 points higher but it was enough to put the Hanging Man in dustbin.
Market though decided to respect the 6339-6112 trendline and went for a dip as the trading session progressed but it looked like a hesitant dip.The latest subwaves of the upmove from 5477 are taking shape of a rising wedge and therefore we may have to wait longer for the dip though it would be very sharp as & when it comes
.png)
For tomorrow's session,following chart illustrates probable supports:
.png)
.png)
But for longer duration, following chart should be used:
.png)
Market though decided to respect the 6339-6112 trendline and went for a dip as the trading session progressed but it looked like a hesitant dip.The latest subwaves of the upmove from 5477 are taking shape of a rising wedge and therefore we may have to wait longer for the dip though it would be very sharp as & when it comes
.png)
For tomorrow's session,following chart illustrates probable supports:
.png)
.png)
.png)
No comments:
Post a Comment