{"id":1461,"date":"2012-02-29T08:21:41","date_gmt":"2012-02-29T02:51:41","guid":{"rendered":"http:\/\/www.cashthechaos.com\/blog\/?p=1461"},"modified":"2014-01-14T21:55:34","modified_gmt":"2014-01-14T21:55:34","slug":"technicals-29th-feb-2012","status":"publish","type":"post","link":"https:\/\/www.cashthechaos.com\/blog\/2012\/02\/29\/technicals-29th-feb-2012\/","title":{"rendered":"Technicals 29th Feb 2012"},"content":{"rendered":"<p>Nifty(5375.50): Nifty saw a bounce back after 4 sessions of decline. We have a \"Inside Day\" pattern on the daily charts and considering the wide ranged bar on Monday this was expected.<\/p>\n<div id=\"attachment_1462\" style=\"width: 410px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/www.cashthechaos.com\/blog\/wp-content\/uploads\/Nifty29Feb2012.jpg\" target=\"_blank\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1462\" class=\"size-medium wp-image-1462 \" title=\"Nifty29Feb2012\" src=\"https:\/\/www.cashthechaos.com\/blog\/wp-content\/uploads\/Nifty29Feb2012-300x169.jpg\" alt=\"\" width=\"400\" height=\"225\" srcset=\"https:\/\/www.cashthechaos.com\/blog\/wp-content\/uploads\/Nifty29Feb2012-300x169.jpg 300w, https:\/\/www.cashthechaos.com\/blog\/wp-content\/uploads\/Nifty29Feb2012.jpg 1013w\" sizes=\"auto, (max-width: 400px) 100vw, 400px\" \/><\/a><p id=\"caption-attachment-1462\" class=\"wp-caption-text\">Nifty- Daily Chart - Inside day<\/p><\/div>\n<p>Nifty is correcting the decline from 5630 to 5268. This is basically phase of 2 of the move that started from 5630 and counter trending. Phase 3 will be a equal to the 4 sessions of decline from 5630 or sharper than that. The level of 5077 is a 4th wave of previous degree and we should ideally see Nifty descend there if not lower. A couple of Fibonacci clusters also come in slightly above here.<\/p>\n<p>Hence we should be looking to add some short positions on Nifty in a staggered manner at or around 5450 and 5495 (may be as early as 5410). If the momentum seems strong and blows through these levels - keep your powder dry. We must see some kind of stalling around these levels. Ill anyway be monitoring the intraday action.<\/p>\n<p>New Positions:<\/p>\n<p>1) Long Apollo Tyres 78 Sl 72 at close Tgt 89<\/p>\n<p>2) Long GMDC 207 SL 194 at close Tgt 240<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Nifty(5375.50): Nifty saw a bounce back after 4 sessions of decline. We have a &#8220;Inside Day&#8221; pattern on the daily charts and considering the wide ranged bar on Monday this was expected. Nifty is correcting the decline from 5630 to 5268. This is basically phase of 2 of the move that started from 5630 and <a href='https:\/\/www.cashthechaos.com\/blog\/2012\/02\/29\/technicals-29th-feb-2012\/' 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":[76],"tags":[],"class_list":["post-1461","post","type-post","status-publish","format-standard","hentry","category-premium-content","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\/1461","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=1461"}],"version-history":[{"count":4,"href":"https:\/\/www.cashthechaos.com\/blog\/wp-json\/wp\/v2\/posts\/1461\/revisions"}],"predecessor-version":[{"id":1711,"href":"https:\/\/www.cashthechaos.com\/blog\/wp-json\/wp\/v2\/posts\/1461\/revisions\/1711"}],"wp:attachment":[{"href":"https:\/\/www.cashthechaos.com\/blog\/wp-json\/wp\/v2\/media?parent=1461"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cashthechaos.com\/blog\/wp-json\/wp\/v2\/categories?post=1461"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cashthechaos.com\/blog\/wp-json\/wp\/v2\/tags?post=1461"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}