Author: Mohammed Javed Akhtar

A Professional Bear and a Scholar in Technical Analysis and Statistics. Has been associated with the biggest Bears in the world. Extensive exposure to NASDAQ, OTC, and Pink Sheet stocks, and thier manipulative tactics. Also AIM. Involved in several investment banking deals, cross border arbitrages, hostile takeovers, etc. Specialize in Russian Deals. Probably India's greatest ever Technical Analyst

#Text Book case of Timeframe Sliding

Z

Advertisements

#Nifty balancing below 50 DMA

OTF have completely disregarded the 50 DMA. Looks like there is no buying support at that level.

Z

#Nifty settles below the previous range in a lackluster trade

  • This could ultimately lead to the test of current session’s lows at 9925.

Z

#Nifty trades below VAL

  • Apparently Nifty is headed towards a Neutral/Normal day after registering an Open Auction Inside Range Outside value during the opening session
  • The above statement is valid as long as 9973 Cash Level is not breached.

Z

#Nifty50: Selling pressure seems to have subsided

Z.PNG

#Nifty50: Balancing about very short term EMAs of lows

Z.PNG

#Nifty50: #Balancing below the previous value area

Z

Not even making an attempt to test the value area from the second half of yesterday. Though a ledge like pattern appears to have formed around 9037. The balance of the second half would provide further clues.