JustNifty TA (17th Oct)
Trending up since turning up & then triggering.
The reliable indicator broke out 6 days ago. It also suggested the move from 5169 to 4728 as a consolidation move with +ve div.
Lead indicator led 7 days ago by dipping below 20 and has stayed above 80 for the last 3 days....strength. Breaking 80 mark/ triggering would alert corrections.
VIX made a double top (Bullish) and then broke the rising channel and poised at a critical juncture which would decide further upmoves or a "Pause".
Since the day TT numbers turned green, it has been ruling over hour weaknesses with time corrections and it has been joined today by the weekly TT numbers turning green. For the bulls, staying above Low emas keeps their hopes alive(alt. bears book profits) whereas the bears could start to have hopes once the High emas turn red( alt. bulls book profits).
10 comments:
Namaste Ilango Sir & Blogmates,
Bears dreams were shattered by the Bulls today: Option Analysis for 14-10-2011
Duplicated at Wordpress Site
Thanks & Regards,
Sanjay Kr Jaiswal
LT by Uncle
@ DR sir,
When will you start Online Technical Analysis Course?
Is it this week end or in Diwali vacation?
Thank you Ilango Sir for your continuous guidance .
Sir kindly consider lot of new comers ( Me first in the line)
we have just started taking baby steps in this field .
Don't stop writing or your selfless effort of
distributing wealth ,indirectly by distributing knowledge.
I sometimes wonder , what do you do with sooooo many ....
Blessings :))
Many many Regards
Smita
Anything is possible on Monday.
It will be news driven.
If PC Chidambaram gets a thumbs up from the supreme
court markets could zoooom up.
If not markets will zippppp down.
In either case indicators/tools will alert us.
Enjoy the weekend.
thanks sir for the indication of 5th is still pending.as many time i asked for this and today received the answer because the ending diagonal was disturbing me because world is not over from turmorils and the K-cycle and B - cycle sugested the 2012 is low years.and i was planning for the positional entry next year.
Ilango ji,
Is it possible to label the move from 4720 as a ZZ:-
A: 4720-5169 (5waves)
B:a: 5169-4911-5168-4759
B.b: 4759-5034
B.c: 5034-4729
C: 4729-5137** in play to the UP ??
Pls let me know ur kind view
rgds
Shriram
dear elango p;ease give your phone no . my no 9349069949
Dear Illango ji,
Have thought a lot on the EW labels , pls look @ this perspective
Alt Count for Nifty ji:-
C.3.3.4.A
4720
5114
394
B
5114
4911
-203
-51.5%
Expanded Flat
B.a
5114
4944
-170
B.b
4944
5169
225
-132.4%
B.c
5169
4911
-258
151.8%
C
4911
5168
257
65.2%
C.3.3.5
5168
4759
-409
Truncated 5th of C.3.3
C.3.4.A
4759
5034
275
5wave
B
5034
4729
-305
-110.9%
C
4729
5133
404
146.9%
In play as 5wave
C.3.4 may be playing out as an EXPANDED FLAT ,
Min Tgt for C.3.4.C = 1.618 x A = 5174 , Max Tgt = 2.618A = 5449
Pls look @ SUB FRACS of this C.3.4.C & tell me if this is acceptable
urs
monday may b red.........
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