{"id":1311,"date":"2011-12-09T01:04:32","date_gmt":"2011-12-09T01:04:32","guid":{"rendered":"http:\/\/www.cashthechaos.com\/blog\/?p=1311"},"modified":"2014-01-14T22:41:21","modified_gmt":"2014-01-14T22:41:21","slug":"technicals-dec-9th-2011","status":"publish","type":"post","link":"https:\/\/www.cashthechaos.com\/blog\/2011\/12\/09\/technicals-dec-9th-2011\/","title":{"rendered":"Technicals Dec 9th 2011"},"content":{"rendered":"<p>Nifty(4943): The corrective rally of wave 4 is over and the next leg lower of wave 5 has begun.<\/p>\n<p><a href=\"https:\/\/www.cashthechaos.com\/blog\/wp-content\/uploads\/Niftyintra09Dec2011.jpg\" target=\"_blank\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-medium wp-image-1312\" title=\"Niftyintra09Dec2011\" src=\"https:\/\/www.cashthechaos.com\/blog\/wp-content\/uploads\/Niftyintra09Dec2011-300x163.jpg\" alt=\"\" width=\"400\" height=\"225\" \/><\/a><\/p>\n<p>There is a gap area between 4920 and 4866 and the markets are likely to find temporary <strong>support <\/strong>around this area. Yesterday's low was exactly at the top end of this gap range. However, this is not fatalistic and if the market were to plunge through this it would signify intensity of the weakness to come. Nifty took 9 trading sessions to bounce from 4639 to 5099 and quite often impulse move like the one we have assumed exceed the move in equal or lesser number of sessions. So if we are correct a new low should come through on or before 21st December.<\/p>\n<p>New position: Short Siemens 714 for a price objective of 650 SL 736 (all cash levels)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Nifty(4943): The corrective rally of wave 4 is over and the next leg lower of wave 5 has begun. There is a gap area between 4920 and 4866 and the markets are likely to find temporary support around this area. Yesterday&#8217;s low was exactly at the top end of this gap range. However, this is <a href='https:\/\/www.cashthechaos.com\/blog\/2011\/12\/09\/technicals-dec-9th-2011\/' class='excerpt-more'>[&#8230;]<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[42,76],"tags":[],"class_list":["post-1311","post","type-post","status-publish","format-standard","hentry","category-indian-stocks","category-premium-content","category-42-id","category-76-id","post-seq-1","post-parity-odd","meta-position-corners","fix"],"_links":{"self":[{"href":"https:\/\/www.cashthechaos.com\/blog\/wp-json\/wp\/v2\/posts\/1311","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.cashthechaos.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.cashthechaos.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.cashthechaos.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.cashthechaos.com\/blog\/wp-json\/wp\/v2\/comments?post=1311"}],"version-history":[{"count":4,"href":"https:\/\/www.cashthechaos.com\/blog\/wp-json\/wp\/v2\/posts\/1311\/revisions"}],"predecessor-version":[{"id":1760,"href":"https:\/\/www.cashthechaos.com\/blog\/wp-json\/wp\/v2\/posts\/1311\/revisions\/1760"}],"wp:attachment":[{"href":"https:\/\/www.cashthechaos.com\/blog\/wp-json\/wp\/v2\/media?parent=1311"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cashthechaos.com\/blog\/wp-json\/wp\/v2\/categories?post=1311"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cashthechaos.com\/blog\/wp-json\/wp\/v2\/tags?post=1311"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}