Perspective : With all the news based triggers out of the way- this market would be back to technical and inherent strength and weaknesses.
Back Ground :- A normal distribution on Friday as the market waited for new information.
Chart Speak :
- Another bell shaped curve.
- High volume node at 5553 to slow down action if there is a big gap up.
- Beyond this PR2 at 5570 will resist the upmove
- PR3 is 5608 and stop loss level for all shorts
- Prominent POC is 5490 from a bell shape and will be an important ref point if not visited today
- high of friday at 5529 and pr1 at 5532 will be useful reference points for a gap-up.
The above post is for purpose of education only. Similar charts are posted for the BN, LT, RIL, ICICI, SBIN everyday on our premium website http://www.vtrender-2.com
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1 comments:
My daily notes.
https://spreadsheets.google.com/spreadsheet/ccc?key=0Ao66NSylQ_PidFF2MFZMbzZXSy1nSEFraEROU3lCelE&hl=en_US#gid=0
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