big cut in Reliance Ind
Today Nifty Pre-open low 4911.25
Nifty playing in a range, 5042 -5144 from last few days. Breaking any side decide further movement.Playing the range with small stop loss or strictly stay away till the range gets sort out is the best option in such markets.Playing the range - (Strictly very small stop loss, 5 points to 15 points)1. Short Close to Higher level (5130-5144)2. Buy Close to lower level (5060)Supports & Resistances for today:-5130-5144 – Resistance.5060-5030 - Support area.Current Trend: - UP, Range bound.Possible Movements:-1. 5130 < = > 5100 < = >5144 < = > 5170< = > 5195< = >52172. 5130 < = >5100< = > 5060 < = >5144 < = > 5170< = > 5195< = >52173. 5130 < = >5100< = > 5060 < = >5030< = >4965Two best rules for successful trading:-1. Initiate position in the direction of trend near support & resistances.2. Max stop loss - 30 points.Happy disciplined trading to all.Have a nice day!
USD/INR is @ 56.475... Earlier high is 56.5
Taking support or pausing to break?
ORB Broken down side
Nilesh ji,i know ur clear intentions Sir.☺
@ ParimalIs there any news base fall in reliance ? then what is news ?
From swing high 5630 to recent low 4770 = 50% 5200 utter failure becoz if it crossed then short covering may happen that will lead to may month high during expiry time this is ruled out and they may make space during expiry and this may come in "July" early??? just a wild guess not for trading. 5040 to 50 taken out then it's expiry bonanza for "PT" 5200 taken out is "kumar sir's :) Adequate support from feb high since 3-4 days of fall. I am cat on the wall and drinking milk donno which side to jump :( holding "burnol" in my hand
50 பரோட்டா சாப்பிடற Joke ல வர்ற மாதிரி Nifty யரோ தப்பா count பண்ணிட்டாங்கன்னுமறுபடியும் முதல்ல இருந்து வரபோகுது.
Morning everyone!have a gr8 trading day!CDG --> Price close below 5106 @ 10:30Am will trigger shorts (INTRADAY only) cheers
To parimal,brent is at $90/dollar
June 2011 Intraday High/Low 5604.95 / 5195.90Closing High/Low 5516.75 / 5366.40
Nitco has downgraded the gas output of Reliance by 80 percent down.Hence,it is going down
for now looks like only above 5121 bulls will get someride. Till then have to wait.
Our CAMARILLA BUY@5109 sustains above stoploss.Now down trendline broken. Lets Hope for the Best.
Idli time wid blessings of sujata amma !
Ilango sir..can we now take 5095 as trigger for shorts??
Prakash - good one :) அப்படியே ஒரு 50 பரோட்டா மறுபடியும் கொடுங்க பார்ப்போம் that's really funny joke :) nonthu noodles aagiyiruppan kadaikaran if any person comes reallyShriram - no pls. still "burnol" not applied don't make me to "apply" i am cat on the wall
5 waves done from 5142- 5095 , now retracement of this move ?
Dear sujata,we r using same burnol but across Wagah border of 5100 ;-)
Now down trendline Break in Line chart...
வணக்கம் சுஜாதா அம்மாCAN I GET YOUR TEST MAIL.
@Ilango,Just a quick query? what is the time taken from the high fo 5190 to low of 5042 and its difference with the low of 5042 till yesterday high of 5141.What is your opinion does this time difference has any relevance in this setting when 5097 is showing good channel support
ns trading in 55ema and 200ma in 5 min chartsguess nifty is waiting for convergence of both and then will show some volatility
Julius - :) :) appadi podunga Prakash - apart from "home" nattula - only 2 "ammas" one is "TN CM" another one is "GODDESS" so "cut" amma for me :) adhu sari..no "duty" for you??? :)Shriram - same wagah border but with "few pnts" difference on hourly closing basis again i am safe side i believe need a big big candle above 34 ema + one big candle @ 30 mn. chart is enough to decide where it will go and come again
@ bizagra,Yes. That would be the channel break.
convergence of 55ema and 200ma may take place near 1.00pm if same slope is continued in both
Dear Ilango Sir & Blogmates,OI Update at 11:00 AMThanks & Regards
சுஜாதா மேடம் என்னையும் உங்க சாப்பாட்டு டீம்ல சேத்துக்கோங்க.
Sir- :( :( channel break??? but simply stitting with your words "Be simply yourself" holding long "not much damage done' solpa melegi smell madhini sir becoz in hourly the resis. line is showing support from the top 5630 and v hv a solid breakout ..now what is the level to book profit if it comes..wants to confirm with your words. thanks n advance.
திருமதி .. சுஜாதா அவர்களே நீங்களும் ஸ்ரீராம் அவர்களும் என்ன கருத்துக்களை பரிமாறிக்கொள்கீரீர்கள் என்று புரியவில்லை.
@ sujatha Are you both long or short?
SisSeriously, is the world coming to an end?
@ SMOSir what should be stop loss for intraday shorts taken on close of 2 30 mnts. candles below 34 ema. Can it be 34 ema + 20 pts. Thanks in advance
shriram - slight confirmation on the way.. wants "solid" confirmation thro a solid tubelight. can u tell me wat is ur SL for shorts??? tks n advanceJulius - :) just mingle your cam dish with FIBO u will get good results and fine tune with weekly. as said by sir "for getting good results' it's better to "fine tune" with some other tool also.
@masterplease do 11am update. thanks.
@ sujatha Got it.
Bulls not able to fill down gaps swiftly. Bears not able to sustain the nifty below day pivot.Shows weakness on part of both Bulls and Bears.More grinding expected here.
ORB SHORT SL HIT
DR- ji - ur Q is serious one or kidding?? so that i will reply thro mail
mera mayan on the way.. don't disturb mayan
Seriously. Is it?http://www.sudarshanonline.com/2012/06/seriously-is-world-coming-to-end.html
@ Hari,yes 5126 is the SL @ suja : ur keen on applying burnol to me today :-(
Seniors please clarify.For ORB trades if break down take a trade with a SL of day high. if break up side SL as day low. Today could it be a good trade setup?
@Sujathaji,Thanks for the suggestions. I am doing the same.Have alternate rules & tools for CAMS.
சுஜாதா அம்மா 25 பரோட்டா கொடுத்தாச்சா. பாக்கி போட்டுகிட்டுஇருக்காங்க.
Enjoy some petrol jokes since nifty is not rising like petrol or fall like Re. Here are some more.New Greetings:May your happiness increase like Petrol Price,May your sorrow fall like Indian Rupee, andMay your joy fill your heart like corruption in India…!!!Congress is fulfilling its promise, when they said: GDP will rise this year.The only thing we forgot to ask him its full form:G= Gas & GoldD= Diesel & DollarP= Petrol & PennyPleasure & Pain come at the same price: Rs.80/- for a Beer Bottle OR 1 Litre Petrol.Decision is yours… झूम लो, या घूम लो.!!!All Girls’ Dream come True!All Girls’ Dream Boys will come on horse!All thanks to the Petrol Price Hike!Dear Father-in-Law,I deeply regret taking a Car in dowry.Please take your Daughter or Car back…I cannot afford both.Now Tata Nano’s fuel cost will be more than its EMI per month!Soon, Rupee will be SENIOR CITIZEN (above Rs.60 per US Dollar);Petrol has already become VERY SENIOR CITIZEN in Bangalore (Rs.81 per litre) !!!Finally it has happened…After decades,Beer is now cheaper than petrol !!!Now, there will be new slogan: JUST DRINK; DON'T DRIVE !!!Expensive petrol will help solve the problem of traffic jams!Drink and drive should not be a problem now.After all, how many will be able to afford alcohol and petrol on the same day?We have the world’s cheapest car and the world’s costliest petrol. Sign board at Petrol pump: Buy Petrol worth Rs. 20,000 and get a TATA nano absolutely free.(scheme for आम आदमी Now he can get car with petrol! )Good News!!!Please forward this to MAXIMUM people you know, शायद किसी को काम आ जाए:जिसको petrol Rs.17/- per litre चाहिए,वो इस petrol pump से जा कर ले ले:……Al Safa PetroleumAl Khair RoadMuscat, OmanMan at Petrol Pump: Full tank कर दो...Attendant: Sir, PAN Card की copy दो...Man: What? Why? How?Attendant: Sir, it’s a HIGH VALUE TRANSACTION !!!
GM Everybody,1)Initial high volume trades bet.5108-102)More than 11 lac plus(huge)addition in NF in first 2Hrs.trading3)Moderate 3 lac plus addition in 5100 PE4) Nifty trading above JNSAR & not that much far away from Weekly and Daily Hema Considering above said 4 factors suggesting more upside from here,in latter trading Hrs.when grinding alike feel is there..Let us see...
contracting triangle in bank nifty chartsalso a bearish ww pattern developing in bank nifty chartsmay move up till 9930-50 (pt 5)range and then may fall towards 9750(pt 6) till tomorrow
Not sure where nifty is heading ...booked my longslost patience...:(
To rrknan,good joke still laughing
I would like to advise all those who are new to trade to stay away and take position only when the market starts showing a clear trend. Right now it is the playground of the wizards like our master.
Seeing the "sluggishness" of price,Another Alternate option for EW folkysday's Up move 5042-5142 may be wave "a" & "b" may be in play as ...a 5042 5142 100 b.1 5142 5095 -47 b.2 5095 5122 27 -57%b.3 5122 5075 -47 100% ** in playLets c if this works!
Shriram - kya bath hai??? super duper SL even this 22 will invite another 20 to 25++ agree larger trend and all is down..but something fishy my SL is protecting hourly hence had a doubt about downside DR-ji = "my kundali" showing i will built a new house after "2 years" only and my D’s kundali will fly high at that time that will favour me too .. so no end to world :D :) jokes apart - some damage will be there this year according to tamil panchang and astro. For me 4100 is pending since a year??? Wat is the use of my prediction. If I think that then I have to sit with “empty hand” :( I can’t trade these rangebound..let us take when it comes. I am rembering my father’s words about “skylab rocket” (the name is correct??) that time everything is damn cheap he told. Atlast this 5200 not taken out then “damage possibility is more” . as said by sir "NOW' policy is best :) If v google mayan calender -v can get more details. but i am with strong views and believer of "vedhas/puranas/baghavatham" etc., so according to that.. more nd more years r there to end of this world :)
@ Sujatha For me 4100 is pending since a year??? Wat is the use of my prediction. If I think that then I have to sit with “empty hand” :( I can’t trade these rangebound..let us take when it comes.Madam Why don't you try Nifty Option Dec 2012 and so many business happening there ?
Dear Shriram,Instead of current trading range,in latter trading Hrs.if Nifty shall start to trade closer to day bottom level,then would like to consider your this alternative count...Going short is very much easy @ this stage due to Nifty behavior,nevertheless unless and until it shall not break JNSAR with conviction..it shall not be fruitful trade.
If one is not able to interpret the moves, then better to stay away unless one's system gives a good entry point, it is any time a better option to be with cash in hands waiting for a good opportunity,than trade and loose money...
@ SMOSir 2 30 mnts. candles closed above 34 ema. I am short and sl not hit. Shall I exit shorts and go long now ? Or wait for the EW target of 5075 ? Please help ...
If one looks at the alignment of EMAs and MAs on hourly and 30 mins, there is a fast fall possibility. Lets see..
hhahaha.. sujata : i like it, really like ur spirit!@ mynac: True, nothing is 100% wid EW on the FLY .. but there is a reason for proposing this Alt count, and that is behaviour of 34EMA !Its FLAT .. means 2 things1. Price is OSCILLATING on 30mins TA2. Rate of Change is LOW (other-wise EMA wud have done Up & down, if price moves were fast)These are possible hints that we r witnessing a SLOW & SLUGGISH "b" wave currently baghu, kase kaay te :-)
Good Morning ILango sir & everyone!Dear Shriram! You posted alternate counts. I am new kid in waves, just surfing here & there. Could B wave have a 5 wave sub wave structure?
if nf does not cross 5141 today..right shoulder in place.moreover,Tuesday was insideday after big trend.
@Mynac Looking at the hr indicators , its boarding southern trains , seems like to have the effect of the high volume trade we need to wait for an hour or so and see if price moves up and breaks 5121-5133-5142.Else Jnsar is quite near from today's low which coincides with 50% retracement of 5042-5142.
@ hari: intraday , 1st place to book out profits wud be 5077 na, y change the SL , did not understand ur query@ kumar ji: pranaam b waves have 3wave structure , labled b.123 for my ease only :-)
@ Kumar:B waves are always 3 waves move...
NIKKEI only trading green in all global indices.
Dr Kumar,Charan sparsh sarkar☺☺
5100 is 200ma in 5 min chartsif holds ns may move up towards 5138..my guess
prices are moving a bit up and down 55ema and 200ma in 5 min charts but their slopes ar still intact and extending those lines showing convergence near 2.00pm
Dear Shriram!Thanx for clarification, ur b.123 confused me so it may be A B C na:)Dear Waquar! Thanx for reply.Dear PAM! Saadar Naman aapko, Kukkad shukkad kab mil raha hai:)
Nifty Hour chart analysis: CLICK HERE
Dr kumar,jab aap khana chahein tab mil jaayega aap aayen to sahi.☺
@ kumar ji:U have still not enlightened us on ur system, kuch to naya sikha di jiye aaj sir :-)
now its beyond my patience.i m short wid 5134 sl
Dear Ilango sir and all blog mates,I would like to share some “GYAAN” please ignore if you don’t like or let me know if you like or not.Today I read comments posted today, all are discussing break and target of different level like channel break, some EMA, or SMA, SAR, new high, new low etc. I agree that all the levels are important and they give good result, but question is when ??For answer of this question, we have to look previous day, week or month price movement for intraday, short term, long term respectively. Nifty was down on 1 June close @ 4840, after 3 trading days started moving from 4865 to near 5000 on 6 June, and after one week , cross the 5100, after another week @ same level 5100. If we look last 3 three day NIFTY movement, we observe that Nifty breaks many level , make new low(5031) and new high(5142) also, but result no way, same price 5100, its mean the price movement confusing, we can not follow levels so easily, we have to careful and wait for market change style, ranging to trending(I don’t know its good word)Thanks in advance.
Dr kumar, Shriram ye to waise hi chupe rustam hai talwar se bhi goli chala sakte hain.Beware☺☺
shriram ji - really wondering about 'SL" just protecting hourly indicating what "upside is fake" or "some upside left"??? irritating me muchnifty rider - give me your SL will give back if not cross 47 help me.
Dear numchar,Just 6 days left for expiry and look @ 5000 PE O.I...it's huge...and the expiry game has started is understanding. From here,if Nifty shall go up then also,have doubt about it's sustainability for longer period after expiry is understanding. Nevertheless considering near by expiry,present Nifty O.I. addition,5100 PE addition,it has potential to go up..If it's Big "C" then this would be the right time for Bulls to lift Nifty up beyond Bear's territory...
KumarJi:B wave can be in fives if forming a triangle Cheers
BNF looks more promising than NF currently
The last leg of rally is generally reserved for Big players only...where there is tug of war... Small players like us cannot intra trade due to fear and greed...and it is correct too... nevertheless if you are trading with XYZ conviction such as "Just Following JNSAR" then there should be any tension..mechanical S/L will take care of all.
@KRGas far as i know in triangle all waves are in 3's.
Dear PAM!D R ji Dilli jald hi padhaar rahe hain, jald hi aapke yahaan hum dono sath sath aayenge...thanx for inviting:)Dear Shriram! I am devotee of MA convergence-divergence, rest is time pass. EW ab seekhna start kiya hai aap sab se:)
shivangupta: yes; triangles have 5 waves each consisting of 3 sub-waves
Dear Pam ji,Kumar sir ne hume aaj to kuch sikhana hi hein. Zidd pakad lo ji :-)
mynac - thanks for ur views but little confusion about biggies whether they r going to make "gap down' so that they can initiate fresh buy in July contract or "they may give upside from here" :( god is blessing my SL since yesterday sofar hourly close is OK as u said mechanical SL especially hourly is better i believe. feeling sleepy and tired
aye aye sir
Shriram i have already told u,Dr Kumar ye to waise hi chupe rustam hai talwar se bhi goli chala sakte hain.Pehle bhi inhone classes lene ka promise kiya tha aaj to sikha hi denge.All raise ur hands
Time for sapaad , cu all @ 14:00hrs!
So may be he will be obliged to novices like us and guide us
Garaj baras pyasi dharti par fir pani de maula
Dear Ilango Sir & Blogmates,OI Update at 1:00 PMThanks & Regards
Parminder Ji be ready with kukkadkukkad aap ka Teacher hamari taraf seyTwo Teachers comming soonhttp://www.whisky-drinker.com/pages/wp-content/uploads/2011/06/teachers_whisky-300x283.jpgany other NCRs wants to join are also cordially invited
Ye lo ji PT bhi aa gaye hain barasne ke liyeBarso re megha barso re meghaPT ☺☺
Boring market me so gaya thaLagta hai master bhi so gaye hai,Isliye blog update nahi kiya
Sure sir u r welcome to acknowledge me i am obliged .i will prepare it for u.☺☺
55ema and 200ma in 8 pt range...volatility to start soon
பொறுமையால் நீ ஆயிரம் முறைகூட தோற்று இருக்கலாம்.ஆனால்,அவசரத்தால் நீ ஒரு முறைகூட ஜெயித்திருக்கமுடியாது!
cooldent - 1 PM OHLC figures pls
DR sir aapkeliyehttp://www.happilyunmarried.com/products/bar-and-drinking/shot-glasses/bhojpuri-shot-glass.html
two days of small range may in turn see strong volatilty tomorrow being weekend
@Prithvi nazar hati aur durghatna ghatiRupee making new low....
Dear Sujatha,Still there is not that much rollover started there... still there is time for the same.. so in case of any gap up or down the effect shall not be there...If Nifty shall break JNSAR then there shall not be any question for even big players for long rollover.They would probably like to enter around 4980-5000,because it is very general observation that after good upward rally whenever,Nifty breaks JNSAR on second time... it gives atleast 100 points gain for shorter.i.e. 5093-100=4993...
அம்மா புலி தைலம் Burnol :) விட சிறந்தது
Let's See On Which Side The Camel SitsOnce a greengrocer and a potter jointly hired a camel and each filled one side of the pannier with his goods. The camel as he went along the road took a mouthful every now and then, as he had a chance, from the greengrocer's bag of vegetables. This provoked a laugh from the potter, who thought he had the best of the bargain.But the time came for the camel to sit, and he naturally sat on the heavier side, bearing down on the pots, and also to have his mouth free to operate on the bag of greens. This caused the pots to break in the bag, and then the greengrocer had all the laugh to himself.
INR made all time low
Sujatha madam for u,open-5106.85high-5108.85low-5104.45close-5107.2
sometimesbullsometimesbearcould not stop laughing after reading urcomment.
INR LOW BANAYE TO BANAYEBUT MARKET IS STILL STRONG SEE AT 2 PM,
@ DR Sir /Kumar Sir What is kukkad ..? Is it Bhow bhow ?From name seems like that .
Parminder - thanks a ton. please update hope sir is busy it seemsPrithvi - :) :) where u went??? again to bed??STB - lol :) :) nattula enakku burnol/thailam kodakka - varisayile nippeenga pola irukke.. aha ahaha yenna oru nanbargal vattaram??? :) :D ellarum "jallikattu velayadaringa" mm.. nadakattum madu muttichi..avvalathan
suja 5108-5112 5098 5107
Numchar itsquack quack no bhow bhow
parminder/piyush - is it spot only na??? am looking for SPOT y some difference??
it seem sJnsar to trigger again today
Yes Sujatha madamIts spot only 1.05 pm
Thanks parminder .Apology for ignorance . :)
LADKI DEKHI NAHI K CHIPKE NAHI
SUDHAR JAO BHAI SUDHAR JAO
is fast rise setup developing in bank nifty??
suja spot frm i charts .it looks like parminder used the last hour bar at1.05 so its developing bar for 2 pm not i pm
parminder - thanks :) not bad i feel still chances r "open" for me mynac - pls guide thro OI கடவுளே இந்த இம்சையை நிப்பாட்டி கொஞ்சம் மேலெ கொண்டு போக கூடாதா எனக்காக மற்றவர்கள் தேங்காய் உடைப்பார்க்ள் உண்டியலில் காசு போடுவாங்க ரொம்ப நல்லவங்க
Ps,just checked out again on google finance the values are right for 1.05 pm barRegard
@parminder,it wud be correct. but ip bar means to me bar that starts at 12 and ends at 1 pm . ur data was 1.05 pm
typo 1pm instead of ip
TT not updated right ?
nifty smallest range 5093.45 to 5122.8 = 29.35 points only want more to see.
kya karen ya na karen kaisee mushkil haikoi toh batta de iska hal o mere bhaiek taraf sujata long kareduji taraf sriram short kareummm kya karen ya na karen ye kaisee mushkil bhai.....
Dear sujatha,Now NF O.I. has gone up to 13 lac plus intra addition.. and that last 1 lac was added when it came up to JNSAR.. that's not good sign for Bulls... To nullify that bearish effect they will have to take Nifty above atleast 34-30Min.Ema..soon..
Ps ,i thought Sujatha asked for 1pm ohlc so i gave that.Never mind if she is getting what she wants either from u or me.
BY the Way where is Master.http://www.youtube.com/watch?v=4pbQ3cOCizA
Advance Decline :Nifty 50 StockAdvances23Declines 27MidCap 50Advances 40 Declines10Midcap stocks still doing rally upto 4% whereas nifty stocks in fix which way to go.
mynac,to nullify that bearish effect they will have to take Nifty above atleast 34-30Min.Ema..soon.. can you tell me what is the 34/30 min ema value pl
As of now, it's NR7 day for Nifty and BankNifty.
34/30 min ema - 5105.8 spot
Jun 22 Dragon Boat Festival Holiday china mkt close.Any UP or DOWN be 2maroo.
HitendraAt the moment it is at 5106
what is NR7,,kiran???
mynac - u mean to say "that may be short side" right.. see now also hourly closing is nearby my SL too protecting...usually this "ema or cam" will not act like this very rare case..really wonder what's store for me sudden up or down :( if 2.30-40 not acting good i will quit at cost parminder - spot only boss.. pls. post 2 pm too i would like to take right figures from "seniors" :) for safe side.
thanks to mayank & parminderhesitating to cross as of now
@HitendraClick on the Nifty spot live chart provided on theright hand side of this blog...currently it is 5106
New Post Done.
@suresh niftyNR7 narrowest range for last 7 trading sessions
Dear Hitendra..It's 34 ema for last 30 mints.@ present it's 5106..If Nifty shall start to trade above that ema then it may regain it's upward momentum is understanding here.Then who knows it may go even up to DHEMA.. let us see..The huge NF O.I.addition while Nifty going down is always headache for intra or upmove...because it becomes tough for buyers to force sellers for short covering..whenever market is @ crccial junture.
Thank you ITradeForProfit Daily
DR-jiiiiiiii - push i above 887
Rupee drops to 56.52/dollar. When it reaches 58, can we retire it?