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ASX ALL ORDINARIES INDEX Chart Technical Analysis, Graph Forecast, Trading Strategy - ASX moving up from strong support, can see some up moves, closes watch further weakness expecting once closes below 5343. (Updated on 24th September 2014, Wednesday).



ALL ORDINARIES INDEX




  • ASX moving up from strong trend line support @ 5343, chart indicates as long as holds above bulls will be favored, if breaks 5343 in near futures then will next support around 5307 and 5070 as shown above.
  • Chart also indicates ASX trading below 200 DMA, as long as holds below bear will be favored.
  • If ASX moves up from current levels then will find next strong resistance around 5422, 5465, 5507 and 5545, levels as per fibonacci retracement.
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What is Intraday Tips ?

Q. What is Intraday Tips / Inraday Trading / Delivery trading.

A. There are basically two types of trading on stock market--
1- Delivery
2- Intraday

Delivery trading is one in which shares are bought and can only be sold after they are delivered by the broker.that means that they cannot be sold the same day , and delivery takes two to three days after they are bought and then they are ready to be sold.

Intraday trading which takes place for that very particular day and there is no delivery..they can be bought and sold the same day...and are automatically sold at the end of the trading session if you have not sold it by yourself during the trading session. The person who suggest such types of forecast is called

Intraday Tips

.