Once 5235 is broken, it will confirm the same.
Today's pivot @ 5252 and yesterday's struggle area @ 5260-5265 are resistances.
Channel resistance @ 5275-5280. Keep your SL there and then trail it down.
My net problem still persists which may get sorted out by Noon, I hope.
Read the EOD analysis again as that is unbiased & not influenced by world mkts...Pure TA & EW..
48 comments:
Dear Ilango,
posting a link for nifty future hourly chart with autorefresh facility.(with macd and stochastics)
I hope it will be usefull for all the readers over here.
the link is
http://www.quote.com/global/futures/chart.action?s=NIFTY+F0-NSF&chartUi.period=V&chartUi.bardensity=LOW&chartUi.studies=MACD%2812%2C26%2C9%29%3BSTO%2814%2C3%29%3BVOI%281%2C1%29%3B&chartUi.bartype=CANDLE&chartUi.size=650x450&chartUi.minutes=60
with regards.
-Jignesh
Good Morning! Thank you Dr. Jignesh, for this excellent link!
its a nice link mr. Jignesh...thanks for sharing.
Dear Ilangoji,
i paste here 2 charts , have a look at them and give yr views. still i am contnuing with waves suggested by u in past.
http://4.bp.blogspot.com/_fJ202bMkEkU/SxOlOAXODlI/AAAAAAAAAbM/zWkPjbYgNQw/s1600/sensex+option+2+new+as+on+27.11.09
http://4.bp.blogspot.com/_fJ202bMkEkU/S0g2-qbjwbI/AAAAAAAAAdI/1ezqklTA_4U/s1600-h/sensex+as+on+8.1.10-766492.PNG
Pankaj Shah
Good Morning to all
Can anyone tell if the opening high is 5295 or 5300.1?
Dear Satheesh, my Religare bar says 5295.
Thanks Sundar
The November IIP data has come in at 11.7% versus 10.3% (MoM), reports NDTV Profit.
Sanjau Kr Jaiswal
sir is their any chance of mkt falling as i m still holding my short
regards
taken@ 5242
can anyone give me close at 12.00pm
Close: 267.30
dare, 5267.30
thanks a lot....sundar
As permy charts it shows as 5268.2
Dear M.r.Ilango Sir,
I Shorted NF at 5275 to day.
Please give me advise where should I cover ?
Hi..All,
Trade the points till a firm close below 5247 & then below the low ema.
Net problem is being fixed. Will take some more time.
I must thank Dr.Jignesh for the wonderful link that has been provided here.
My critic is all praises for him.
It saves a lot of time on updating a file as well as When one is away from his computer..
I shorted NF @5270 and covered it for intraday @ 5240 when the NS reached the levels of 5235 as todays DayLEMA is near 5230. Thought it will take some support at those levels and planning to short again on rise.
Hii Ilango sir, as a conservative trader, where can we trail our SL to?
hi..bizagra,
Book profits here or trail it with today's pivot.
Ilango sir ,i exited shorts. i hope we can re-enter positionally if closing seems below 5LMA.Right?
One man had vision problem and someone gifted him a pair of specs. Suddenly it got snatched away. Though Ilango may say that we started/have been trading for long without him, of late don't feel like proceeding without his cousel - though like every errant child, we go against his analysis and get stuck.
Thank god your net is on Ilango. In the link provided by DR is the table also available ? or it gives the chart only. To be honest i'm an illiterate when it comes to charts.
Regards,
S Rajagopal
Ilango sir, plz give the sell again signal if comes.
hi sir, i m still carrying bank nifty trailin g sl shorts frm 9300 lvls ..whr shld i book or put a last trailing sl..
Sir,
Is there any chances of 5th wave if 5197 level is not breached?
So can we take buying position there?
Sir can we go short in reliance at these levels?
Sir,
I am asking this because your above chart shows fall upto 5110-30
hi..nidhi,
Bank Nifty the "triangle bottom" comes around 8800-8850. Weekly low ema comes @ 8860-8890.
I am not monitoring it intra. So can't give a trailing SL.
Book partial profits or close TSL at 9060 as per yahoo charts.
hi.dare,
Daily is likely to confirm a sell & hence this down move can stretch to 5130 or lower.
sir, frm whr u c yahoo charts?
thnx
manu
dear sir,
Thanks a lot.. than i am holding my short created at 5265.. keeping stoploss of 5221 on todays close..
Hi..nidhi,
In my blog, there is a link - Nifty intraday charting under Market statistics.
Sir can we go short in reliance?
Ilango Sir,
Conservative short I came out at 5220. Can I reenter now if nifty closes below LEMA 5230?
60L OI at 5300 call...54L at 5200 OI and 50L OI at 5k PE..if 5200 is taken out ...5k should become a strong support for this series..
*54L OI at 5200 PE
hi..Satheesh,
Reliance too, like Banking stocks & index, need to correct. I do not monitor intra. It is in the resistance zone. Keep 1125 as SL.
Hi..Arvind,
If you get 5220, sell again with a small SL and hold.
Dr. Mr. Ilango Sir,
I booked 40 Pts in my todays NF Short.
Again can I take Short position here for Positional? Pl. Give me Advice with SL ?
Hi..Prabhakar,
Sell into some intra rallies upto 5220-5230.
I have updated the tech table with a new post.
Hi Ilango,
I missed the short entry for bank nifty and nifty. Please suggest a selling point.
Ilango - is the hourly table available anywhere thro link? (for Nidhi above it was chart)
I have initiated short at 5274 - wish to c/f. Is it ok pls.
Regards,
S Rajagopal
hi..Rajagopal,
It is ok to carry shorts as per the TA readings generated thus far.
hi..Mark,
As mentioned earlier, sell on small bounces upto 5220-5230 with a 15 point SL for a target of 5160-5130 or lower.
Hourly table ? the blind man's stick ? Is it available on line when u cud not update ?
Regards,
S Rajagopal
Do anyone recall the day when the IIP data came out last month,market reacted negative - "below expectation" was the reason.
This time it is "above expectation" still ....
Vibrant/dynamic environment ?
Regards,
S Rajagopal
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