Sharp upmove of 230+ points may call for some sideways or a corrective move...If this upmove is start of a last upmove, it could have speculative characteristics and euphoria may start to develop... Holding above 5100 presently, keeps this reversal intact.
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@ Warlockar - As per EW, a small long was to have been initiated below 5037, an indication of a 5-waves down from 5295.. Many booked profits and some initiated Longs. A pull back would give an opportunity to enter longs during an "abc" correction to this upmove..
Pattern followers should have noticed a sharp "falling wedge" forewarning a sharp reversal.
@ Krishnendu - As the low of 5202 has been breached yesterday, there is no 4th wave possibility. However, if the fall happens as an "abc-x-abc"(5400-5160-5342-4987- X wave on - another abc decline) form, then this upmove may also unfold as an "abc"(X wave) and another downmove may follow after few days.
Follow up price action will hold the clues.
@ Sanjay - Would you please check your NF MP values. I find Amit's values to be more coinciding with the TA. May be "Viren" could confirm it.
32 comments:
Today's close :
1) 5150 +/- 20
or
2) 5225 +/- 10
Good morning Ilango Sir and all blog mates.
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Sir, Pl. Change Last traded price in premarket table
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Thank you
good morning ilango sir, viren sir and blog mates
GM all.
- Mishra
Ilango sir
It is my humble request to you to shift a blog to fully equipped web-site . Your blog is number one blog for TA and newbies. It is high time to start Forum type website , Thanx and Regards
@ilango sir,
how did u decide yesterday to close ur "sell at 5275" ? And you have initiated a "But at 5175" ? Trend reversal for staying above 51XX ? Also when did u close the "sell". Just learning.
thanks
gd
Good Morning all.
good morning all
good morning ilango sir and other blogmates
-arpit
Good Morning to ALL
llango sir and hiee blog friends Good Moring to all.... watch out 5245 hawalaa of nifty future 5245 resistance .. thanxs Regards
Good morning Ilango sir and all blogmates
--- Testing --
Yt hapens no msg in last half hour where evry body goes?
Good Morning Friends.
Hi rm,ukr,aZ,345.
Hi Rajagopal
:)
gm all
great day yesterday, but i missed all the blosckbuster action as i was out for urgent work
dear rajagopal sir,
today hindalco result????
Dear RG
OoT missing
GM Ilango sir, can i go long here, only afrais as SL 5105 is far off.
Plz suggest.
Thanks
gm ilango sir,
waiting for ur green highlighted post.. :)
MAJOR RESULTS TODAY ::: BAJAJ FINSERV, BAJAJ HINDUSTAN, DHANALAKSHMI BANK, HAVELLS, HINDALCO, KOTAK MAHINDRA BANK, NISSAN COPPER, RANBAXY, SREI INFRA ETC Bookmark
ukR : Found I am the only person talking TA here. Hence removed OoT.
SmartT:GM. Yes. List above. Going Long?
@Rajagopal, how can I change my nick here to mishra(i have logged in as pisreport@gmail..), asking as i show you could change your .. reply at your convenience..Thanks.
where r the experts???
nifty slipping..feeling helpless without guidance..
NEW POST DONE.
Sir & Family,,
GM..
@ RG
Bajaj hind 2dy..u posrd it earlier:)
Mkt is not suitable for taking positional calls as of now, its better to trade as per channels, trendlines support and resistances, levels given by ilango sir., for intraday only.
Their is no confirmation for taking positional calls, offcourse u can play probabilities, but its risky for carrying overnight positions, till trend confirms.
for me only sustaining above yesterdays high vl take to think going long, otherwise all intraday play with shorts at resistances and long at supports.
no rg sir,
you only said " result day i wont take a call" so
i am waiting sir
could any one tell abt health care sector ?
no hurdles so far !!
Dear Manu - checked with broker who confirmed the results that day. If you recall I cudn't get any further details that day.
This is also list provided by the broking firm only.
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Dear Anil - u r talking about NIFTY - right?(Positional ...)
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