JustNifty TA(18); BankNifty TA(18)
The differenece in the above "Lead indicator set up" during the last stay below 20 mark for few days and this time : is that the Monthly lead indicator is moving below 75 mark.
Monday, January 17, 2011
Nifty slows down near 200sma/ MonthLowEma.
The best bullish case I can currently think of is that if Nifty holds above 5595(approx), it could do a retracement rally(5755/5836/5903) for the 6181-5624 fall in the next 3-4 days and resume down towards the low for the settlement on 27th Jan.11.
JustNifty TA(18); BankNifty TA(18)
The differenece in the above "Lead indicator set up" during the last stay below 20 mark for few days and this time : is that the Monthly lead indicator is moving below 75 mark.
JustNifty TA(18); BankNifty TA(18)
The differenece in the above "Lead indicator set up" during the last stay below 20 mark for few days and this time : is that the Monthly lead indicator is moving below 75 mark.
Elliot's Impulse waves.(Part-5)
IMPULSE WAVES :- The Basics Waves that move the market in the direction of its main trend either up or down are called Impulse waves. 1....
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5010-5039 supply zone proved a ST resistance. 5002 proved a break down point. 4945 to 4982 proved a corrective rise, monitored with an ...
11 comments:
please anybody tell me how to use premarket intraday lavel thanks
As someone said, the trend is your friend until it bends. Yes, you rightly said that an investor should never become a trader. It is way, way too stressful, and one is completely out of wits end watching the market move. I hope that your estimation about IDFC trending downwards is true. I have shorted Feb futures to partly hedge my longs. I am not worried about purchasing the stock 15% above the current level, but am very anxious about holding a lot at lower levels :) The market is a great leveller.
sir sent a mail need some help. please check it and replay as soon as possible.
sir ,
today u presented another bearish ew possiblity in the
afternoon that wave 3 iii started at 5833. as ur chart
still carries bullish ew possiblity markings of
5th pending. can we consider 5th pending to new highs still
a possiblity?
Ilango Sir & mynac Sir,
Good eve,
Sir have you any idea that where i get VWAP (VOLUME WEIGHTED AVRAGE PRICE) of daily niftyfuture historical data? or on any site ?
Thanks in ADVANCE.
Dear abhishek,Tigar,
Its your just greatness and innocence,that you are calling me sir and "an expert",but in real sense I know that I have just nodding experience of market.
Regarding VWAP,you may try the following site http://www.xignite.com/xVWAP.asmx for the same.I think so its paid one.Dear Prashat Shah used to track VWAP so may throw some light on it.
Today no evidence of short covering in NF but huge,almost,30% addition in 5700 CE has put a spoke in Bull's wheels.Addition in 54 & 5500 PE,suggesting that day by day the focus is getting shifted on lower supports.Instead of writing,short covering has seen in 5600 PE,where 200 DMA laying there.All N all Bulls shall have to fight very hard here to retain the castle. Let us.
Hi Mynac...as always...fantastic note on markets !
but i have small clarfications to your above notes...that, acctually 5600 PE saw closure of long postions of 4.7 lacs today (dip in iv suggests that) and its not actually short covering....
slight long accumulation in 5600 and a combination of writing and buying in 5700 call (more bais towards buying of the total OI of 16 lacs today) happend...again iv data suggests that...
contrarily, 5500 & 5400 PE saw majorly writing OI.....so, as the change of sentiment suggests there is glimmer of hope that we might retrace good bit of the fall...
what do you think ?
And sir, your view point would also help here !
regards
There seems No particular direction for Nifty to move. If Nifty Manages to sustain above 5700 It May see the rally up to 5750-5800-5850 below 5600 it may see 5565-5510.
NIFTY TIPS BLOG
Dear MYNAC SIR,
I am very small experience of market in front of you & you have deep study in OI and market depth. So expert should call as SIR.
Thanks a lot.
Dear ka,
It's again how you see the "half glass water".One can say it's half fill up and the another may argue,it is half empty.
My understanding is very simple that if 5600 is strong support then,5600 PE,which is at present in the money,must have been written by Bulls.But at present Bulls are between the devil and the deep blue sea so might have cut their coat according to their cloth.Let us see.
Learning from the master, please i too drawn but not perfectly, it is only amateur way. By clicking the id u can find my views. good night sir.
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