Trading below Month pivot-5091(5094-DEMa), the first weakness which will get aggravated below Week's Pivot-5046(5045-DLEma/5051-JNSAR).
In the past, when TA is in uptrend, negative world cues have given intraday rally. This time too, it is possible if 5045 is protected and subsequently if Nifty starts to trade above 5091.
54 comments:
Good Morning Ilango Ji,
SGX Nifty trading @ 5064.50 with the day's high and low so far @ 5081.50 and 5052 respectively.
good morning,master & friends.:)
gm everyone.
Trading plan for today -
Aggressive trades -
Long if 5060-70 holds..
Conservative Trades -
Add to longs if 5060 holds. Else Reverse below 5040.
Notes -
Monthly trend down.
Weekly trend short term up, but close below WHEma ( sell on rises ).
Lesson learned - Below HEma, sell on rises.
EW analysis -
Lessons learned -
1. The big picture is more important than the smaller ones
2. 50% W3 retraction of W4 is more important than c=a ( c=0.62a is also good )
3. W2 is between 50-78.6% retraction of W1. Can be anywhere. Take a chance.
4. Big Fall/Rise correction - zigzag of a can make up most of it.
EW big picture -
1 - 5740-5496
2 - 5496-5702
3 - 5702-4720
4 - 4720-5168 ( exactly between 38-50% of W3 ). ARE WE DONE ???
5 - 5168-????
What about 4.c impulse. Those numbers look wierd now.
5 possibilities -
- 4924 (W1) can be ruled out unless it is a fifth failure.
- 4733 ( 1.62*W1 ).
- 4529 ( 2.62*W1 ) - Rare
Master Ilango and friends,
Good morning
Good Morning Ilango Sir and Friends
NIFTY Analysis: CLICK HERE
Good morning Sir and to all Friends.
kkay369@ what exactly do you mean, could you explain? what is the current trend according to the GANN report?
master good morning,
Pl guide if nifty opens below jnsar should we wait or initate
the trade as sgx suggests 5030.
Namaste Ilango sir and all,
Bullish Shark Pattern update:
Bullish Shark Pattern update
Good Morning sir and warriors
Namaste Ilango sir and fellow bloggers
LV
Good Morning Master & Friends
Namaste Ilango Sir and JN Family
Namaste Ilango Sir and all friends here
have a nice trading day
regards
Thank you Master and all Seniors for the inputs.
@ Rama
CAUTION for Higher level With 22nd Sept being an important Gann turn date,
Nifty can re-test Lower Level
Good morning sir and all :)
PT - bahut Kush hai kya??? morning attendence?? :) :D
Kkay369 - Golden lines of sir "when TA is in uptrend, negative world cues have given intraday rally. This time too, it is possible if 5045 is protected and subsequently if Nifty starts to trade above 5091."
yeah, who knows "index may give nasty surprise too" it's better to be stick with "price"
@Sujatha
Han --- Bahut sara position square karne ka hain ajjjj :D :D :D
A day of heavy gap-down. a shocker for longs.
Good morning Sir and friends.
Missing you DR sir.
Thanks
Good morning Sir,
I agree with ur view if starts trading above 5091.
I will prefer my view that in recent past,
mkt never given positive close for four cont week.
tmrw being weekly close & if same,
mkt wl close below 5084.(last friday close)
pdd
Good morning gurudev & friends!
yes it is not impossible to see a 'nasty surprise'
Hi and GM All,
Blog updated..Posting here because I think its an important update.
I dont think its a time to be heroic but a time to be extremely careful.
You may go to my profile and select the blog from there.
Best,
Lee
open low same in NF AND 5K put contrasting signals,
who knows the gap (5130) may get filled or even widened?
JNSAR short triggered?
@parimal,
Hope is a nice characteristic. Not in markets.
Open and Low on NIFTY Fut us at 5010.10 hope this will hold.
@Ilango
Despite TA being positive, when JNSAR triggers at 5051,
is this the correct time to go short?
@SAM. For me yes
JNSAR (5051) triggered ?
@Indus
Please keep filter today as we have opened gap down :D
Good Morning............
market hovering around JNSAR power only master can tell
what to do ??
sir
today its looking like an ascending triangle in 4th
wave frm 4720, e might have completed or will complete with rally closing the gap/5170 if it comes
Thanks cooldent.
NS opened 5054 low 5040 if that breaks may be 5k
ORB is 5059.85/5040.
5040 is also 50% retrac lvl from5168/4911.
pdd
orb broken
5040 broken new low 5039.8
Sir how to decide filter on JNSAR in upmove/Gap up and
Downmove/Gap down.? Pls enlighten this....
@Piyush,
Amen. :D
Dear ALl,
Pl some one clear the JNSAR 5051 has to be decided on the basis of EOD closing or Hourly closing.
Regards
@gorakh. Intraday. Most of us wait for a 5 min candle confirmation
Nifty has taken support @ 5045 approximately. Ignore the ORB break by 0.20points.
For intradayers, it is a rally.
Resistances @ 5070-90zone.
Hour TA has turned down with -ve div. So it is sell on rises too.
thanks @ SAM, @ Cooldent
@Gorakh Jnsar number when appears on screen (mean when triggered)
you have to take position. (with SL of 20-25 pts) or with for 5 min candle close as said by cooldent
@Share tips are jao bhai apne ghosle me.
New Post Done.
.
EW folks...
If this is 5.i from 5168 to 5040 then 5 projections
dont go below 4720 ( common case scenario ).
Else if 5.i.(i) is 5168 to 5110,
5.i.(iii) from 5142 to 5040, then 5.i can end at 4980.
Ideally 5 has to go below 4720 ( unless 4720 was wave 5 ).
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