Day Channel bottom comes around 5400. "5385" is 20 sma - A channel break to 5385-90 would indicate completion of "4th Wave" and commence ment of 5th wave for month end closing.
This view will be discarded if trades firmly below 5385.
PT - Good SL :) me also nearby there. anyway upside 5540 is not resisting then again short only as today is week end donno where it wil close v hv to wait and see if close is +ve then 8th week whether the biggies will allow to close up?? if +ve close means v can expect 13th also. so another month also no worry for bulls???5437 abv another 50-80 pnts am expecting.
DR-ji - Jammu tavi tkt please let me visit and come back again :)
@Mynac, GM If you are reading this please check vol. function @ NSE Tame I am not able to get any bar in that section is it an eror @ NSE or problem at my end Thanks in advance
GM master, seniors & blogmates Master "Where I'll dare....around 5385-5405 zone only. OR Above 5462 and all with a small SL only." How u arrive at 5562 no, ORB low was 5474(NS) if NS trade above then we go for long
The current fall from 5454.6 is the "(v)th of V" and since (iii) is smaller than (i) @ 50.8 points, this fall will be less than 50. One could buy below 5428 at new lows with 5403 as SL.
Shriram - i am looking in "different angle"if close is below 54K or border means - they may "create a feel that mkt may slide more" to enable " them to enter @ comfort zone" monday may gap up?? I will not be surprised if close is +ve that too abv 5560 zone :) today ... coollllll SL is always there to protect :)
PS : Don't take my comment "as serious" :D hope u will not
5462 is the "first wave down in today's fall from 5521.
@ Suresh,
21 Hr is nothing but 3 Day average in Hour T/F and 34 Hr sma is approx. 5 day average in Hour T/F. (34 is chosen instead of 35 because of its Fibonacci nature)
Market exists only becoz ppl have different views :-)
Ideally i wud wait for 5-10DEMA Bear x-over to go short... Am counting waves only for Intra play, am ju learning SAR now from this school of Illango ji & trying to make a REMIX version :-)
LV Sir - that's almost 1.272 FIBO level retracement of yesterday's high. + nearby lot of impt. factors. hence holding??? break will touch the border of 5410/06/400.
Shriram -thanks :) BIG ZERO IN EW but "noted ur nos" simply :) without taking any pain :D
PT - OMG .save me from PT.. .kill u man.. wat is this 5070???so greedy??babre.. i am sitting in "Jammu Tavi" :P let me visit once "Kashmir" yaar..50/60 protection will do anything on upside damn if u heard "any thud sound" that';s my SL hit :( :(
100 comments:
Yahoo Midcap index suggests, yesterday's low was "i/a" and today's low completes "b" of "abc" and "c" upmove unfolds presently.
BN's labeling different-'sub-wave-v' of the "i/a" may have ended or one more low possibility and corrective upmove is on.(more conf. above 10650)
As for Nifty, it seem to be having its leg in both possibilities..!?
Strength only above 5494-Pivot.
good morning Sir, and all gems of JN
whipsaws likely to be continued.
fii became neutral
Multi tasking "Mothers" abound in JN Family.
J10 SAR and channel congregation
Namaste Ilango Sir and JN family
NIFTY OPTIDX Open Interest at 10 -> CLICK HERE
NIFTY BROKE 5460
Greeen Greeen all the Way ... thanyou Ilango Sir
Sir,
:)
Pre-Market's work done..5515/25 to 5445/55... More trades too possible.
You could go home with a 60-65 points, if you are daily wage earner OR monitor your JNSAR Trades.
Repeating:
"5452" comes 20 points below DLEma & HLEma.
- More weakness firm trade below this towards Gap 5428 or lower..
defending 5460
below it downtrend likely
Namaste Ilango Sir & all friends.
With almost 70 points correction from day's high Nifty Future is still commanding a good 40+ point premium.
"Trading in a methodical way".
You may not capture everything but you'll definitely be on the right path which means...it could only mean: Getting Rich Slowly and Quietly.
I want you to think clearly...have your head firmly above your shoulders and understand the "market dynamics".
Yes Sir!
@ DZIRE,
Ignore the premium... One who bought because of the premium is at a loss.
Play only by the technicals.
Yesterday March NF high 5591..it was a huge premium.. Now it is down 100+.
SIR HOW CAN USE PREMARKET TABLE)( LEVELS ?YESTER DAY IM SHORT LAST TIME 5540 LEVELS MINIFTY
TODAY IM BOK PROFIT...
Goodmorning sir and everybody :)
PT - don't be much greedy am expecting bounce @ 5414/06 :P Many factors around 5400/10/25 area. it's better to park book there.
Satheesh - Advance best wishes to both of them. "pulikku piranthathu poonai aaguma" :) God bless. Me no worry.."I am in 3rd std only" : :D
PT - FORGOTTTTTTTT - 5450 is impt as per "short term charts" hence initiated a "small long here"
Mroning Illango ji & blogmates,
Some EW perspective for thought & rumination:-
1.1 5629 5574 -55
1.2 5574 5606 32 -58.2%
1.3 5606 5487 -119 216.4%
1.4 5487 5516 29 -24.4%
1.5 5516 5461 -55 100.0%
2 5461 5537 76 45.2%
3.1 5537 5473 -64
3.2 5473 5521 48 -75.0%
Min Tgt for W3 = 5521-1.382*168(W1) = 5289
We may be in the 3rd Sub frac of this 3rd wave DOWN...
So far W3.3 has done
3.3.1 : 5521 - 5450 = 71 pts
Based on 30mins CANDLE CLOSES,
We can expect a bounce @ around 5421 ???
Tat wud give 3.3.1 = 5521-5421 = 100 pts,
Lets c if this happens, comments - Obsvs most welcome
cheers
SMO
nifty has come near station signal
red or green waiting for
Flag is in FII s hand
You want to trade---"Intra" - Understand & start to see those "5s" and "3s" developing in various T/F
3.3.1 heading towards 5421 ..... ???
Sir my question is
what does mean by this big premium in nifty
what is technical behind them ? what it indicates or meaning ?
Sir,
I Have EOD software,
Can u please guide me, which type of tools
sma / ema/rsi/macd i draw ??
Please suggest me sir.
On 30 min TF
I see the 5 waves as
1 5630-5574
2 5574-5605
3 5605-5461
4 5461-5537
5 5537-going on
5430 nearing i will book part there
@Sujatha ..
Thanks a Lot ... Booked Fully Am long now with SL of 5377 Spot :)
In Hrly Nifty has given breakdown of H&S pattern..Left shoulder shating from 15th fen seniors pleas confirm..it will help learning
thanks
SBIN make again 100- ????
@ victorious :
Agree wid u, booking profits @ CMP (5439) .. may be close to Bounce zone, ....
cheers
@ Smita,
I concur.
Day Channel bottom comes around 5400.
"5385" is 20 sma - A channel break to 5385-90 would indicate completion of "4th Wave" and commence ment of 5th wave for month end closing.
This view will be discarded if trades firmly below 5385.
NS at 100 Hr MA 5440 - sustaining above this an intraday bounce possible.
Important Support levels for the Upmove to continue:
100 Hr MA - 5438
Week HEMA - 5445
Month HEMA - 5417
Nifty ji, is Sudarshan Sukhani buying?
Sir thank you on the
earlier lesson on ORB
Sir can you elaborate/direct me
more on 5s and 3s
thanks n advance
cheers
on 5 min TF I see the movement from 5537 as
i 5537-5477
ii 5477-5521
iii 5521 - * Going on should do 1.618 of i comes to 5424 lvls
Thanks Sujatha :)
Repeated:
"5452" comes 20 points below DLEma & HLEma.
- More weakness firm trade below this towards Gap 5428 or lower..
this gap filled now
After a long time
JNr fully active
Hope all in the Kanyakumari Exp
or still some holding Jammu Tavi Ticket
http://www.youtube.com/watch?v=vM9jszm63RM
Sir,
GM
It would not have been possible without your constant support.
We are thankful for that.
@Satheesh
All the best to both of them.
"5428" done...Now if stays below 5462 to... "or Lower".
"5400" Day Channel bottom approx;
"5385"-23.6% retrace for 4588 to 5630 rise.
Recalibratin fracs:
5450-5464 (23.6% & 38.2% tgts for 3.3.2) as:-
3.1 5537 5473 -64
3.2 5473 5521 48 -75.0%
3.3.1 5521 5428 -93
Gone long Intra ... 5421 -5428 is support zone
cheers
@sam
during my daily routine i found 4xp.com offering free metatrader 5. have u tried it is it better/worse than ones we discussed.
Bhushan said...
Nifty ji, is Sudarshan Sukhani buying?
+=======
SS sniffed it on
"WEDNESDAY, FEBRUARY 22, 2012"
http://www.sudarshanonline.com/2012/02/start-of-correction.html
Where I'll dare....around 5385-5405 zone only. OR Above 5462 and all with a small SL only.
Now back to some office work..
NIFTY hour chart channel:
HOUR CHART UPDATE:
Click Here
NIFTY OPTIDX Open Interest at 11 -> CLICK HERE
PT - Good SL :) me also nearby there. anyway upside 5540 is not resisting then again short only as today is week end donno where it wil close v hv to wait and see if close is +ve then 8th week whether the biggies will allow to close up?? if +ve close means v can expect 13th also. so another month also no worry for bulls???5437 abv another 50-80 pnts am expecting.
DR-ji - Jammu tavi tkt please let me visit and come back again :)
WILL BANK NIFTY MAKE ROUNDING BOTTOM???????//
Illango ji,
Pls see 5WkHEMA also... its @ 5444 (ysday)
If Nifty closes EOD today below 5444, shud we switch over to short sells rather than buy on dips ? Asking from higher pobability of Trend view..
urs
Sukhani,
Only professional traders should Sell.
Positional should close their Longs below
5450 NS. I think this was his view yest.
morning.
@Mynac,
GM
If you are reading this please check vol. function @ NSE Tame
I am not able to get any bar in that section is it an eror @ NSE or problem at my end
Thanks in advance
@ Shriram,
"IF" Nifty closes below 5444, then you wait for rallies to sell into. If not, then wait for dips to buy for another high possibility.
Always keeping a small SL.
Recalibrating tgts for 3.3.2
T1: 5450 - 23.6% x 3.3.1 (achvd)
T2: 5464 - 38.2% x 3.3.1
T3: 5474 - 50% x 3.3.1
T2 looks possible... ?
cheers
Correction: Read, Only professional traders
should Sell as Only professional traders
should SHORT.
@ illangoji
In the Hrly:
1) 5629-5474
2) 5474-5606
3) 5606-5461
4) 5461-5538
5) 5538- going on Low of 5428
Sir can we say the 5th is over.
@Smita
Came very close to your 5424...Great:-)
Good Morning Sir,
Fibonanci lvls:
5522 5428 94 5450 5464 5475 5486 5497 5503
5630 5428 202 5476 5505 5529 5553 5577 5590
5465/75 area is to be watched.
Resisting at 21 min EMA
Ok, tks a lot Illango ji.... it takes some getting used to Switching in & out of EW & EMAs & from Higher to lower T/Fs :-)
OK, back to the EW count ... assuming we do touch the T2 (38.2%)
then probable Short trade exists @ 5464-5470 odd levels
vide follwoing lables on sub-minuette .. pls see & advise :-
3.3.1 5521 5428 -93
3.3.2 5428 5463.526 35.526 -38.2%
3.3.3 5463.526 5335 -128.526 138.2%
Assuming 3.3.3 does min 1.382* 3.3.1
Exited Longs @ 5450 ... Cant take more risk in longs :-)
urs
NIFTY DAY BULLISH CROSSOVER CHART:
Click Here
@ Geet,
It is possible if 5462 is breached. If not, one more low would complete the "v"th wave of 5630 to XXXX.
if 5562 not cross then 5400-5416 possible.
Important pt:
Jus remembered now,
today is friday, wot if buying dries up & ppl do not put money on the Buy side??
Wud gun for close below 54K ???
GM master, seniors & blogmates
Master
"Where I'll dare....around 5385-5405 zone only.
OR Above 5462 and all with a small SL only."
How u arrive at 5562 no, ORB low was 5474(NS) if NS
trade above then we go for long
sir ji,
please convey the importance of
hour 21/34 sma
Sir,
Your critics view please :)
Thank you for your reply Sir
The current fall from 5454.6 is the "(v)th of V" and since (iii) is smaller than (i) @ 50.8 points, this fall will be less than 50. One could buy below 5428 at new lows with 5403 as SL.
prakashbkc,
5562 is top end of gap formed from 5461/5428
if i iunderstood.
5564 is 38.2% retrac from today 5522/5428.
Bhavan Thanks - Missed your comment earlier
@VICTORIOUS
IS IT 5562 OR 5462? SIR
@ madamuniramaiah
its 5462 sorry for typo
and i am not sir dont call me sir.
please
If 5421 Breaks ..... then ABC as ZZ is over..
else , alt lables for 3.3.2 as ABC come as:
3.3.2.A 5428 5450 22
3.3.2.B 5450 5433 -17 -77.3%
3.3.2.C 5433 5455 22 100.0%
Any thoughts, Tgt C=A = 5455 ?
cheers
Shriram - i am looking in "different angle"if close is below 54K or border means - they may "create a feel that mkt may slide more" to enable " them to enter @ comfort zone" monday may gap up?? I will not be surprised if close is +ve that too abv 5560 zone :) today ... coollllll SL is always there to protect :)
PS : Don't take my comment "as serious" :D hope u will not
@ prakashbkc,
5462 is the "first wave down in today's fall from 5521.
@ Suresh,
21 Hr is nothing but 3 Day average in Hour T/F and
34 Hr sma is approx. 5 day average in Hour T/F. (34 is chosen instead of 35 because of its Fibonacci nature)
NF 15min chart is forming a falling wedge having wedge
support @ 5460 and resistance @ 5500
@Sir
ideal point is 5413 -weekly s1, if at all it came...
@Sujatha
I think tatasteel steeling your feeling
thanx Hitendra sir
@Bhavan Ist bar is of such a high vol (almost 14 cr)
so rest all in thousands and lakh are not visible
for that scale no error
Prachi
sir ji,
if price falls below 34 hour-sma ,
does it also indicate a down trend
You could trail the 5462 to 5450 or 5455 which coincides with HLEma.
And later, still further down to 5446.
sir ji,
if so ,then where could the next halt be
hi sujata:
Ur comments r welcome, appreciated even!
Market exists only becoz ppl have different views :-)
Ideally i wud wait for 5-10DEMA Bear x-over to go short...
Am counting waves only for Intra play, am ju learning SAR now from this school of Illango ji & trying to make a REMIX version :-)
Pls see my lables & comment :-
1.1 5629 5574 -55
1.2 5574 5606 32 -58.2%
1.3 5606 5487 -119 216.4%
1.4 5487 5516 29 -24.4%
1.5 5516 5461 -55 100.0%
2 5461 5537 76 45.2%
3.1 5537 5473 -64
3.2 5473 5521 48 -75.0%
3.3.1 5521 5428 -93
3.3.2.A 5428 5450 22
3.3.2.B 5450 5433 -17 -77.3%
3.3.2.C 5433 5455 22 100.0%
cheers
Thanx master for guidance & clearing doubts
@ Sujatha
What does the no.5437 indicate?
Thanks in advance.
LV
@ Suresh,
Some one chooses 7 Hr sma for trading but he manages the whipsaws with superior knowledge and experience.
Another uses 14 Hr; another 21 Hr sma.
34 Hr sma is considered with lesser Whipsaw.
At 3.00PM on 22.02.12, Nifty fell below 5555-34 Hr sma and has fallen 100+ points.
Similarly in uptrends too.
During a sideways mode, it will whipsaw.
Thanks Prachi
@ALL
Another Approach ... The Mass is now looking for buying at support level ... Perception has changed
as of now form bearishness to bullishness ...
The Biggies know the perception very well ..
May be We don't stop till 5070 ... wishful thinking ... Well We have the SL handy So No Problem :)
now IT index started to show its potential
sir ji,
thank you, very much
@Prachi
Not able to see that also the hour section working fine
anyway thanks for the Bar figure(140M.) you mean?
@ Illango ji,
Major Doubt!
Has JNSAR triggered a sell again today morning ?
If yes, shud we play for small corrective upside @ all ?
Again porbability of trend wise view pls sir :-)
urs
@Sujatha ..
Not convinced after one hour of move ... Booking at cost in longs and again in shorts Now .. My Luck :)
Bhavan ya its 148M
2@JAYARAMAN,SIR. Everyday i use to look into your blog.To day i found you are sick.I HOPE YOU WILL RECOCOVER SOON
New Post Done.
LV Sir - that's almost 1.272 FIBO level retracement of yesterday's high. + nearby lot of impt. factors. hence holding??? break will touch the border of 5410/06/400.
Shriram -thanks :) BIG ZERO IN EW but "noted ur nos" simply :) without taking any pain :D
PT - OMG .save me from PT.. .kill u man.. wat is this 5070???so greedy??babre.. i am sitting in "Jammu Tavi" :P let me visit once "Kashmir" yaar..50/60 protection will do anything on upside damn if u heard "any thud sound" that';s my SL hit :( :(
@Anilji
Could you please share how the dark pink & dotted pink resistance lines have been plotted. I am trying to do so..:-(
Thank you
Post a Comment