@PT: Just to add to what cooldent posted.http://gifmovie.tumblr.com/post/11570585833/tom-and-jerry-train-scene-cartoonWho is who:Tom on the train = PT.Jerry = MeRed light flashing is 4900.Not to offend, just for joke.
@PrabhatLolzzz :) thankooo
Prabhat - good one :) :) ha ha ha PT - consider pls. give bigggggg 3-5 white candles enough
"4942" is 80% of the last fall from 4951 to 4906.Intraday strength only above it.
@DR sir,BN ko release karo please
@Master: If my understanding of tech table is correct,do we see mild strength in nifty only above its Low Ema for the hour (which in this case is 4932)?
Why This Kolavari di again ?Nifty high was 4956, Now showing 5056Fir se trade hua kya ? jane bhi do yaaro
fresh sellers stepping in now in NF
yes.. agree with PT,and 6 hlf hr candles and we r unable to take out 4956-4963 RES clusterBEARS have it ...
Illango Sir,My posting is appearing and then vanishing.
As long as 4904 is not violated this may be the low of the month.In this context I remember the observation made by Badrji regarding Jan. closing fig and its impact in subsequent monthly closing.Since the last day of the month happens to be expiry date and keeping Badri ji observation we may close above 5217. Please note this phenomena is not a rule.
Sandeep - april month freek trade 5000 - becomes true Now???
Camarilla Intraday Update/Follow Up:Trade1: L3 BUY@4941 Sl hit. (Closed)Trade2: L4 SELL@4917 (Active)
Now 4900 is a mirage .. as 4950 was till yesterday .. justto break today or gap down on monday
Bulls ke intezaar mein...Aayega aane wala.http://www.youtube.com/watch?v=03DXW_rV54U
Sujatha said... Sandeep - april month freek trade 5000 - becomes true Now???What do you think of freak trade in Mini Nifty a month prior to that somewhere close to 3500 will it also become a reality now (:
@ SujathaHAHA ,, Yes it is ,, but March main ek Bar Mini nifty ka bhi freek trade laga hai 3512 ,, Its become Joke
ilango sircan we take 6350 to 4525 as A wave then B wave did not retacemore than 61 % retacemnt that is 56 50 then this downtrend as C wavewave from 5650 to xxxx
PT - daily 2nd half is more -ve today +ve??? last week close 5086 today atleast 4988 weekly volume level?? mm.. wat to do just a wild guess today mera "lunch" "bundh" :P :(
Dear Ilango Sir & Blogmates,OI Update at 1:00 PMThanks & Regards
Rainn - oh oh...i totally forgot thanks..will keep in mind but don't tell PT = he is the "wild 2 legged bear" :)As per Sir's guidance " I am living with NOW" :) :D what it is doing
Continuing freak trade fun , What about the 5056 reflecting in system..Why it shouldnt be the regained today EOD?
SisIm also living with NOW which my broker gave me :D
..don't tell PT ???That's his next support..
kranti - wah wah..that's nice but sir's level 4942 should cross
@SujathaOwing to weekend looks like more panic in the last hour
@ Sujatha Yes live in NOW :) if JNSAR hit for buy , sit in that train
time to sit in the short train again
61.8% done ..what next
ns at 55ema in 5 min chartsmay fall again
BNF trading above SNI
Reliance Holding Market as at good support from 690 rang
@ParminderNow 4817 .. Selling again
Camarilla Intraday Update/Follow Up:Trade1: L3 BUY@4941 Sl hit. (Closed)Trade2: L4 SELL@4917 sl hit. (Closed)As Per Risk Management Only one More Camarilla Trading for the day!Trade3: Will be Active after hit L3 BUY@4941 or L4 SELL@4917.
resisted at 73.6% itself lets see whether it breaks 80% , I am going on bear side till it doesnot break days high, as it is a black friday, can give sudden fall
Ilango looks more and more like Zen master to me..just focused on the reality /immediacy infront of him..
ns can break 4906 and move dn
Camarilla Intraday Update/Follow Up:Trade3 Status: Waiting to hit either side. L3 or L4.
2.30 factor will come in play today
Chetas ..Yday also Nifty went past previous day high..But what happened..please dont give me hope to go long
PT alias Bheem,Shant gadadhari Bheem Shant.☺
Kumar Sir,May be rounding bottom in 5mts chart, thanks in advance
Looks like a Chotu 5 wave is going to finish
Camarilla Intraday Update/Follow Up:Trade1: L3 BUY@4941 Sl hit. (Closed)Trade2: L4 SELL@4917 Sl hit. (Closed)As Per Risk Management Only one More CamarillaTrading for the day!Trade3: L3 BUY@4941. (Active)
dear J.R.Julius,L3 buy triggered ?
shivawhen the number flashes on the screen take appropriate action. dont wait for confirmation from ayone
Having moved above 61.8% of the last fall from 4951 to 4906, it is setting up for retracement for "5039 to 4907".
@dear cooldent & Julius ,thanks,done @ 4941
Ilango- Which resistances should we be aware of?
Retrace for 5039 to 4906:-50% @ 497361.8% @ 4989.Downtrend would weaken above 4990 temporarily.
61.80% 4988.5850.00% 4973.0038.20% 4957.42
@all4988. 61.8% of falter from 5039-4906.
near 4970-80 is 200ema and 1030ema in 5 min /5day charts
Retracement for "5039-4907"4937.63 23.6%4956.79 38.2%4972.28 50%4987.76 61.8%
Kumar Sir.. you had mentioned that even if Nifty breaks 4950 on Hrly basis we need to exit longs. If Nifty regains 4950 and closes above today can we go long again?
Camarilla Intraday Update/Follow Up:PROFIT LOCKING:Part Booking can be done from 20 to 30 points from entry. Remaining Trailing stops based onvolatility or chart SUP/RES.Even not booked partly, Trailing based on volatility will lock your profits/protect from loss.
back -->4963 needs to be surmounted on 30mins close, tat only can save bulls :-)
@blogmatesAt the 50% retrace levels, you also have DLEMA at 4269 and the21 hr sma at 4275....strong resistances
4987 is not only 61.8 % and it approx..co-incides with falling trend line resistance IF nifty has to break above today
Kranti Mr venkatesh,Lets watch for close above hr ema, currently @ 4954, so we get a hr close above 4950 and also above hema, the we long, otherwise no longing for longs, :)))
Beautiful trade setups.One fast fall at 10:45 and onefast rise at 1:15.What more does a trader need?
Hrly close above HHEMA
Multiple tests of 4900-4910 band provided goodsupport. Lets see from now on.
DR-ji - someone should send "Sweetbox" to me today??? 550 hits means double the sweet boxwho's long is it Prabhat???
Master ilango,there is a falling wedge in 5 min chartsimplications...
New Post Done.
PT - daily 2nd half is more -ve today +ve??? last week close 5086 today atleast 4988 weekly volume level?? mm.. wat to do just a wild guess today mera "lunch" "bundh" :P :( May 11, 2012 1:12 PM PT 4988 on the way - thanks for buying :D
Time to go long?
34EMA ,30mins @ 4977... high probability Longs only above this on hlf hr close (even if 4963 holds !!)
@ DR JiBN above Day JNSAR 9485.What about 200 SMA ?Pl advise.
4978 is 200sma in 5min frame
Illango sir i everydaay follow yr techniqual but i dont understand retrectment stretegy, i know that 61% means pull back n 38% pull back possible but wht about 23% we should tak our possition inn buying?
Can somone explain me how u calculate hhema and retrectment % features i mean 23% 38% 50% 61%78% plz send me all features. I dont understand which one is weaker n strengthen, explain me guys