Monday, June 25, 2012

Happy Married Life, Bramesh.

Dear Bramesh Bhandari
Wish you a Happy Married Life. Accept our belated(23rd June) wishes and blessings.
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Parminder asks: i was trying to interpret the chart with ur wave count presented on 16 feb 2012 where in we were at 5500 and it was presumed if 
A: (RED) 5200 held, we would move to 5600 odd and then to levels of 4000 odd.
 B: (Green) Again the same scenario but we would be testing 5200 odd only.
But now we are standing on verge of 5200 again but the chart does not imply that.
I know i do tend to bother u a lot bt if u could please enlighten us all with the current scenario and the way the Market is moving.
I know that prices speak up in themselves but looking at overall scenario i cant corelate the chart.
Ans: On 16th Feb, it was suggested that a correction would commence from 5600 and considering the sharp upmove, it was assumed that 200sma would hold during that correction. And the falling 200sma did not do that but the rising trendline @ 4770 held and market is resuming its uptrend.
As per the hour chart(Below), it did move up impulsively but is stuck in a range of 4995-5015 to 5174-85 presently.
One should remember that the current week is the last week of the month - for the month trend to assert or reverse while the week trend is poised at a critical moment. Last two week's candles suggest support coming during corrective falls. Look for 5040-60 zone holding during this week for bulls to resume uptrend OR break down below 5040 or 4995 for bears to regain the downtrend.
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For the day, one would concentrate on 5093-5103-5112 supports of recent lows/JNSAR/34Hr Sma and 5133 Day Pivot along with recent resistances of 5144-5170.



55 comments:

Nilesh Patil said...

Good Morning Master & Friends,

AimNifty said...

Best wishes to Bramesh and Good Morning to all.

J.R.Julius said...
This comment has been removed by the author.
SANPOT said...

Good Morning Ilango Sir and blog mates.

Prabakar said...

Namaste Ilango Sir and JN Family

J.R.Julius said...

Camarilla Key Levels
Nifty Futures
H4 5193[BUY]
H3 5172[SELL]
L3 5130[BUY]
L4 5109[SELL]

Inside Bar!
Friday Day Bar formed as Inside Bar.
5175/5090 will be important numbers
as per mother bar.

San said...

Good Morning Ilango Sir and Friends

Reliance and Nifty updates: CLICK HERE

Rocks said...

Good morning sir and blogmates

Have a great day!!

saravanan k said...

Good Morning Ilango Sir & all Blogmates,

Belated wishes Bramesh Sir for your wedding Aniversary.

Rgds
Saravanan

ALBELA HOUSE said...

R/Ilango sir good morning n same 2 all reader's.

Just Huge Consistent Profits said...

Good Morning Ilango sir and friends.

Happy Trading Monday to all.

prabha said...

Good morning and thank you Master and Seniors for all your inputs and guidance...
Belated Wedding Anniversary wishes to Bramesh.

parminder said...

Master ilango and friends,
Regards and Good Morning to all
Master Thanks for the time taken out to give explanation
Regards
☺☺

Jiignesh said...

Congratulation bramesh.
Thank you so much sir

Parimal said...

Namaste Master Ilango and all friends
May the Lord give us PATIENCE!
have a nice trading day
thanks Parminder to ask the question and thanks Master for giving answer.

Shradha Saburi said...

Good Morning Sir, and all the gems of JN

Ilango said...

Conservative Trade's SAR revised to "5090".

meignanavel said...

good morning sir and all blogmates

satheesh said...

Namaste Ilango sir and all,

Nifty Week Bar Chart:
Click Here

Nifty Day Bullish/Bearish crossover Chart:
Click Here

Nifty Hour Diamond pattern:
Click Here

Nifty Hour MA chart:
Click Here

Jagan said...

Namaste Ilango Sir And All.

Smita said...

GoodMorning Sir and JNfamily !

satheesh said...

@ Bramesh Ji,

Wishing you a very very happy Anniversary and many more to follow!!!

IamthtIam said...

Good Morning Sir and All!

Belated Wishes Bramesh

Prithvi said...

@Brameshji,
Wishing you a very happy anniversary

venkatapathy l said...

Namaste Ilango Sir and fellow bloggers.

LV

gauresh59 said...

Congratulation bramesh.
Thank you.

Jagan said...

@ Bramesh Bhandari,
Wish you a Happy Married Life.

NSB said...

@Bramesh Sir,
Wishing you a very .......... very happy anniversary!

NSB

Hari_Hyderabad said...

Good morning Master & JN family

Ilango said...

Bramesh Bhandari just got married yesterday.

Let him enjoy his first year ...in the coming 365 days... for us to return and

Wish him Happy 1st Anniversary.

But for NOW: It is

"Happy married blissful life with his chosen partner".

SOBISH184 said...

JR IM WAITING FOR LEVELS THANKS UR UPDATIONS

Parimal said...

Dear Brahmesh ji
have a blissful married life
all the best. may the Lord bless your conjugal life

satheesh said...

@ Bramesh JI,

Wishing you a very very happy and prosperous Married LIFE!!!

CDG said...

Good Morning Bulls and Bears...

@Ilango: the channel resistance reached on the first 10 minutes of trade and now reacting from it.......

@Shriram: helloo.... how are you acting today? 5190 almost reached..

Suraj said...

Many Congrats Brameshji

navtash said...

Wishing you a very very happy and prosperous Married LIFE!!!

parminder said...

Hi,Brahmesh
Wish u a Happy & Prosperous Married Life

eevra said...

Bramesh: Lucky days ahead !!

J.R.Julius said...

Camarilla - Scenario 2
Nifty Futures
H4 5193[BUY]
H3 5172[SELL]
Personal Decision Advised.

Prithvi said...

ORB HIGH 5184.55
ORB LOW 5158.50

ToT-Amit said...

@Bramesh

wishing you a very happy married life.

Nilesh Patil said...

@Bramesh sir,
Wish You a Happy & Prosperous Married Life

veer said...

@Brameshji,

Wish you a happy married life.

Regards,

Veer

shriram said...

Morning everyone,

@ CDG: 5DEMA is UP , CMP > Dev. 5HrhiEMA
Price knocking @ roof 5190-5206

If we break out above this , longs will hold the upper hand & could tgt... C = 5050+350 = 5400!!

But lets, not get too ahead of ourselves. lets see if we scale 5190-5206 first pls :-)

Have a gr8 trading day!

cheers

Sandy said...

Bramesh Many Happy returns & all the best for future

Kiran said...

Bramesh sir,
Wishing you and your life partner happy married life..

NEVER GIVE UP said...

good morning sir and all friends.

Just Huge Consistent Profits said...

Mr.Bramesh

Wish you a very happy married life.

NEVER GIVE UP said...

WISH YOU A VERY VERY HAPPY MARRIED LIFE BRAMESH JI.

Dinesh Rishi said...

Good morning Master and copy to All

Bramesh,

Wish you a happy married life.

=======

Im little busy today,

shiva said...

good morning,seniors,
welcome in married club,Brahmesh..

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