{"id":1346,"date":"2011-12-21T03:17:01","date_gmt":"2011-12-21T03:17:01","guid":{"rendered":"http:\/\/www.cashthechaos.com\/blog\/?p=1346"},"modified":"2014-01-14T22:40:28","modified_gmt":"2014-01-14T22:40:28","slug":"technicals-21st-dec-2011","status":"publish","type":"post","link":"https:\/\/www.cashthechaos.com\/blog\/2011\/12\/21\/technicals-21st-dec-2011\/","title":{"rendered":"Technicals 21st Dec 2011"},"content":{"rendered":"<p>Nifty(4544): We have a positive divergence on the intraday charts and the 4530 support has proven its strength for the moment. The SGX nifty is pointing to a nice 1.5% pop at the open.<\/p>\n<div id=\"attachment_1347\" style=\"width: 410px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/www.cashthechaos.com\/blog\/wp-content\/uploads\/intranifty21Dec2011.jpg\" target=\"_blank\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1347\" class=\"size-medium wp-image-1347 \" title=\"intranifty21Dec2011\" src=\"https:\/\/www.cashthechaos.com\/blog\/wp-content\/uploads\/intranifty21Dec2011-300x164.jpg\" alt=\"\" width=\"400\" height=\"225\" \/><\/a><p id=\"caption-attachment-1347\" class=\"wp-caption-text\">Nifty hourly charts<\/p><\/div>\n<p>Over the last several weeks there has been considerable amount price action around the 4720-30 zone. Watch for resistance to kick in this area. If market does stretch through this then expect the Friday high of 4820 to act as the supply zone. Due to holiday season, volumes could be thin and the year end window dressing by funds to prop up NAV may keep this market afloat for a while. Be flexible and stay nimble.<\/p>\n<p>Resistance: 4720-30; 4820 and Support: 4530 and 4380<\/p>\n<p>Open positions: Short Heromotors from 2025 (booked at 1938 and reloaded at 1910) and Short Indusind from 267 (partially booked at 239)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Nifty(4544): We have a positive divergence on the intraday charts and the 4530 support has proven its strength for the moment. The SGX nifty is pointing to a nice 1.5% pop at the open. Over the last several weeks there has been considerable amount price action around the 4720-30 zone. Watch for resistance to kick <a href='https:\/\/www.cashthechaos.com\/blog\/2011\/12\/21\/technicals-21st-dec-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-1346","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\/1346","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=1346"}],"version-history":[{"count":6,"href":"https:\/\/www.cashthechaos.com\/blog\/wp-json\/wp\/v2\/posts\/1346\/revisions"}],"predecessor-version":[{"id":1754,"href":"https:\/\/www.cashthechaos.com\/blog\/wp-json\/wp\/v2\/posts\/1346\/revisions\/1754"}],"wp:attachment":[{"href":"https:\/\/www.cashthechaos.com\/blog\/wp-json\/wp\/v2\/media?parent=1346"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cashthechaos.com\/blog\/wp-json\/wp\/v2\/categories?post=1346"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cashthechaos.com\/blog\/wp-json\/wp\/v2\/tags?post=1346"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}