5DEMA is 5140 not 5154("it is developing today") What ever I learn in this blog a trader must give importance to particular time frame data, Mixing day time frame with developing data can result misinterpretation
Dear satheesh, Basically I am out of that bearish kind of view now since that 4588, particularly after watching FII cash Data from last month. And now when market analyst like you, present charts like this, it gives some boost for own understanding.
master, I think correction is on Day time frame as u mentioned that "Presently the correction is on...Will get confirmed below 21 & 34 Hr Sma. Struggling to stay above Day pivot-5178. " If subsequent hr close is below 21 hr sma or 34 hr sma ultimately close near to DLEMA. If hr close is not below 21hrsma or 34hrsma then correction is in hr timeframe.
Dear Satheesh your today's bullish study is substantiated by intuitional activity in recent times. yet, medium term -ve divergence etc. have to play out their roles. Therefore, it is normal that a phase of consolidation has to ensue at the moment
Dear Hitendra, Just out of curiosity …. Now, should we add “your 70-80 points thumb rule” for a day, in 5159 for latter Hrs trading ?…or still you are favoring 5198 minus 70-80 ? Or still 50-50?
In the mean time profit booking was witnessed in NF when NS came up to 5160… deletion of 1.50 lac intra O.I. is there.
The overall picture seems to be bullish to me with 4588 as a major bottom - as Fire has expressed earlier. This does not rule out the possibility of a short term correction upto 5000 - 4950 as mentioned in my previous posts – till 200 DMA is not taken out decisively.
HH-HL trade - still long trade from 5140 yesterday holds. We will turn if we close at 5150 or so. ( 5164 is HLEma and important points at 5150 ) and the HL-close diff is better.
Dear Hitendra, Why I request the same… particularly to you because it is also my thumb rule too… (Not that much 70-80 exact)…but bet.1 & 1.5% approx. Whether “that much points for a day “shall be today or not? Don’t know but, from here would like to add than subtract…
Nifty has just closed above 200 sma yesterday. This is after May 2011. Again, 5200-5260 is the area protected by bears for the last 14 months. It is my view that markets will correct here before again testing 200 sma. Normally, a resistance of this magnitude cannot be crossed in one just swift move.If it is done, a major victory for bulls.
Dear Satheesh for positional traders 200DMA and 5000 levels (rather 4770, earlier swing high)are quite significant. thanks for your charts and clarity. Fire has given a number of probabilities which is appreciate very much.
@Sateesh Thanks For the guidance you provided I have been partialy successful Will send u the mail of the chart I have been able to make , the only setback is while doing many trial and errors I have actually missed out the actual steps
44 comments:
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@ all those who are feeling sleepy, angry, confused, or happy
http://www.youtube.com/watch?v=ayn1rvnSVC8&feature=related
Sir,
Really strugling to hold pivot.
Pivot = DHEMA=5178/79
HRLEMA=5DMA=5166
5DEMA=34HRSMA=5154
LOT OF GAME IN THIS 25 POINTS RANGE.
ONLY 5EMA IS RISING.
FIB LVL 5215/5077
5182 5163 5146 5130 5113 5105
@ prakashbkc,
Try and figure it out yourself using the TT.
Hitendra sir,
5DEMA is 5140 not 5154("it is developing today")
What ever I learn in this blog a trader must give importance
to particular time frame data, Mixing day time frame
with developing data can result misinterpretation
Master ,
I will try my best.
Waiting for next JNSAR train......
http://thumbs.dreamstime.com/thumblarge_526/12807182943BU1kl.jpg
5156-5158 are 34 Hr & 21 Hr smas.
And 5148 - Weekly Pivot.
More Weakness below these.
Strength above 5205(200sma)
Sir one query....
In TT the developing JNSAR for 13.00 hours is at 5161 and
the JNSAR at 12.00 PM is 5155. Sir which JNSAR need to be
consider for executing out trade.
Thanks in advance
Just have a look @ today’s Hrly HEMA from 10AM and Intraday High Volume trades in cash Nifty bet. 9.15 AM & 9.18 AM,
It is almost same…
@ Number Game,
5161 is the JNSAR for this hour from 12.00 to 12.59PM.
(5155 was relevant for the last Hour)
@ Number Game,
"5161" is a confirmed JNSAR and not a developing one unlike in Day T/F.
Once day close is over, next day JNSAR is confirmed. Similarly, once the last hour close is over, next hour JNSAR is confirmed.
Namaste Ilango sir and all,
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Dear satheesh,
Thanks for the chart.
Thanks alot sir
Good afternoon sir and JNFAMILY friends
It appears 7 Legged diametric is over @ 5159 and market may attempt to cross 5192 and if it failsone more correction is expected.
Welcome Mynac :)
Satheesh thanks a lot and very good observation.
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Narinder Chanchal
once entered stock marketas Nifty trader
& he composed this song
http://www.youtube.com/watch?v=TaxxMUZ-4EQ&feature=related
Dear satheesh,
Basically I am out of that bearish kind of view now since that 4588, particularly after watching FII cash Data from last month. And now when market analyst like you, present charts like this, it gives some boost for own understanding.
master,
I think correction is on Day time frame
as u mentioned that
"Presently the correction is on...Will get confirmed
below 21 & 34 Hr Sma. Struggling to stay above
Day pivot-5178. "
If subsequent hr close is below 21 hr sma or 34 hr
sma ultimately close near to DLEMA. If hr close is not below
21hrsma or 34hrsma then correction is in hr timeframe.
Converged
http://bankniftytradingchart.blogspot.in/
Dear Satheesh
your today's bullish study is substantiated by intuitional activity in recent times. yet, medium term -ve divergence etc. have to play out their roles. Therefore, it is normal that a phase of consolidation has to ensue at the moment
Dear Ilango Sir & Blogmates,
OI Update at 1:00 PM
Thanks & Regards
Dear Hitendra,
Just out of curiosity ….
Now, should we add “your 70-80 points thumb rule” for a day, in 5159 for latter Hrs trading ?…or still you are favoring 5198 minus 70-80 ? Or still 50-50?
In the mean time profit booking was witnessed in NF when NS came up to 5160… deletion of 1.50 lac intra O.I. is there.
Thanks SAM,
@ Parimal,
The overall picture seems to be bullish to me with 4588 as a major bottom - as Fire has expressed earlier. This does not rule out the possibility of a short term correction upto 5000 - 4950 as mentioned in my previous posts – till 200 DMA is not taken out decisively.
HH-HL trade - still long trade from 5140 yesterday
holds. We will turn if we close at 5150 or so.
( 5164 is HLEma and important points at 5150 ) and the
HL-close diff is better.
S&P Warns of Cuts; Another US Downgrade Coming?
http://www.cnbc.com/id/46202656
http://www.youtube.com/watch?v=szFxM9KBNMA
DR Saab.. is this Nifty song for Jan?
War...
http://timesofindia.indiatimes.com/india/Indian-Army-preparing-for-limited-conflict-with-China-US-intel-chief/articleshow/11710850.cms
Dear Hitendra,
Why I request the same… particularly to you because it is also my thumb rule too… (Not that much 70-80 exact)…but bet.1 & 1.5% approx.
Whether “that much points for a day “shall be today or not? Don’t know but, from here would like to add than subtract…
Thanks everybody, & Bye…
not a single red dot since morning.
Nifty has just closed above 200 sma yesterday. This is after May 2011. Again, 5200-5260 is the area protected by bears for the last 14 months. It is my view that markets will correct here before again testing 200 sma. Normally, a resistance of this magnitude cannot be crossed in one just swift move.If it is done, a major victory for bulls.
Mynac,
sorry out of office.
consider from 5215(yest high)
5215-75/90= 5140/5125.
will it make 2nd Hanging man candlestick pattern
today?????/
just a thought........
Do or die level for bulls today 5185
Dear Satheesh
for positional traders 200DMA and 5000 levels (rather 4770, earlier swing high)are quite
significant.
thanks for your charts and clarity. Fire has given a number of probabilities which is appreciate very much.
GA Sir;
New Post Done.
@Sateesh
Thanks For the guidance you provided I have been partialy successful
Will send u the mail of the chart I have been able to make , the only setback is while doing many trial and errors I have actually missed out the actual steps
Friday's high of 5216.75 is very important for further upmoves.
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