good morning,seniors,welcome in married club,Brahmesh..
Good morning sir & blog mates,Closing above 5217-5234 is important for bulls to continue further. If broken 5136-5115, Bears try to attack the support zone 5095-5065.Supports & Resistances for today:-5136-5095 – Support area.5166-5217 - Resistance area.Current Trend: - UP. Possible Movements:-1. 5146 < = > 5166 < = >5187 < = > 5136< = > 5095< = >5065< = >50242. 5146 < = >5166< = > 5187 < = >5217 < = > 5234< = > 5295Two 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!
Goodmorning sir and all :)Hi Bramesh - Wishing you a very happy married life. PS : Nifty needs "some cool off" to move up again if at all it wants to move up.Have a great profitable expiry week to all.
Good morning Gurudev and friendshttp://www.youtube.com/watch?v=t76886fGx-Mlook like they selling like Chyawanprash :D
Bramesh, my heartfelt wishes for you two.A new Bull-market in the horizon - Link
good morning, if it is 3rd wave, today may be a trending day, my guess!
Good Morning Friends and Master.Brameshji - Wishing you a very very happy married life.
nifty filled the gap created on 4th may of 5177.20-5188.40. Am I right ?and on the 3rd may at " 5217.30 - 5239.15 ". ?
Good morning Ilango sir & all members,@ Sujatha,Could you send me a test mail pls?!
Brameshji, Wishing you a very very happy and prosperous Married LIFE.
Today's Joke,Moody change india outlook from downgrade to stableIt means Now downtrend can emerge soon.
n-f a buy only >5204/215
sir can you show EW count on 5min chart
suprabhat mynac,OI data konti gupit mahiti sangat aahe aplyas ?? :-)
@Bramesh, my best wishes for the married couple.
Welcome Mynacsecrets of OI?
Is market waiting for Dada booster dose today ?
Dear Ilango Sir & Blogmates,OI Update at 11:00 AMThanks & Regards
first resistance at 5190.Weakness will be below 5170.4-5165.Today gap up at 5,158.45 - 5,146.05.
Prithvi - ha ha ha kya bath hai?? :) good understanding of "blah blah" of blue channels and these "people"Mynac - GM :) nifty needs some cool off but looks like hourly close is good including 11 am :( what's ur OI news.. tell me only not to "shriram" :DGita - i don't hv ur id PS : Who's the "hero" who'ssss the "hero"??? kakka vantha vathiyaro?? (next FM) let mkt will react for that
Dear Shriram,Huge 13 lac NF intra addition suggests short covering, and would be reflected in Bhav Copy.And the way Nifty is holding Day pivot as well as DHEMA,the chances of more up side and further top cannot be denied. Nevertheless,Would not like to give much importance for that rally , as it is more or less has become,just technical rally… i.e. as Bulls would remain in the pain due to reduced NF O.I. so, up to expiry, it’s very easy for Bulls to carry on this drama,as they will try to keep Nifty above all HEMA's excluding Mhema. But one should not ignore overbought alike situation in Hr.Day & weekly file…as well as real NF rollover on Thursday.So those who are familiar and like to play on these types of bouncy wickets would enjoy it….:)
dhanyawaad mynac,Trading > Dev. 5DHEMA, 5WkHEMA, & now above Day Candle Res Zone 5190 is strength ... most bulls will b most happy even if ur words come true till june expiry :-)@ Suja : Why ur are always "angry" @ us poor zimble humble, mango-ppls ?? Where is mayan pointing today ?? :-D
Dear Shrdha S GM..Dear Sujatha,Though due to much closer overbought condition you are expecting some cooling off...The above said conditions are not that much favorable for the same...and 5190 is big hurdle as well as support is understanding and once it will cross the same... the consequences of the same would start to reflect in monthly TT file.. But without volume or NF O.I. addition above 5190...it would be very tough task for Bulls to stay above 5190 is guess..So below 5190 the range may remain 5190-4980 for next month...Let us see..
small bearish WW pattern in ns chartstrgt 5170 near 12-12.15pm
@mynacday KST became flat!!!why? thanks.
delete ur gmail id u may get spam i hv noted
Gita Mam,Don't post your mail id here. Do update in your profile. As DR sir and master repeatedly told that. so delete you id.
Dear anmpatel,Dont think so it is flat...On the contrary in spite of yesterday's strong close.. it has slightly turned "down" from it's peak and if you will update it today, then you will notice the same more clearly...
@ Nilesh Patil & Sujatha,Thanks......i've removed the msg.
@ Mynac and Shriram5190-95 is really behaving a tough task to conquer. Ilango has clearly marked it as the channel resistance in the morning. if 5206 was not taken EOD then we may expect correction setting in. EW correlation might be 2nd of C for that corrective and it may take it to 4950-80 range.These are just subjective views and it might be wrong. but the current evident fact is that channel resistance is hard to crack and impulsives don't take much time to conquer resistancess.......
5171 WOOOOO itna fastsocha nahi tha
trgt 5170 completed and ns moving up 5180 cmp
mynac - thanks for your views if u give present here "then v r all become housefly on jackfruit" condition. :) gita - mail sent stock4 - not enough.. yeh dil maange moreeeeee
STOCK4SURE said... 5171 WOOOOO itna fast socha nahi thaSo it was labelled Bouncy wicket...:)and Those who can hook,Pull or play the shots over third man...can get maximum runs..and the below batting order needs to just duck..:)
Fire sir, visiting JN blog after so long time... Busy with USD/INR counts ?
@Mynac thanks a lotregards!
JR SIR IM WAITING FOR YOUR 5172 LEVELS FOR INTRADAY SELLING .........
H4 BUY Sled@5173
Dear CDG,EW is subjective, so r developing lables ? :-)Another way to look @ things:5DEMA is UP, so Up-trend deemed On unless proven otherwise, 5190-5206 is the roof & we r knocking @ it... one breach & we can continue way up also ALONG THE TREND.Re-$$ is @ all time low & markets refuse to go down, my personal view is its a vv bullish sign.may be some experts on ETF flows / Forex markets can answer this one ?
Dear Sujatha,Considering 5190 as channel resistance…by chance if Nifty shall start to trade above 5190 then would try to write down O.I. addition for next series in following manner…i.e Total O.I., O.I. below 5190 and O.I. above 5190… it shall be useful for next series trading is guess…At present NF July O.I.is 65 lac and the addition is below 5190…
Nifty intraday update: CLICK HERE
mynac - thanks for your views. yeah..since last week i was crying for 5194..shhh it came today only :( anyway "i don't mind which way it's coming whether up or down" after all i am "trader" will see the "nos only" GOD's grace it didn't touch my upside SL :) bach gaya now that's key for intra trading. + my EOD closing SL is the same 5176 :) let me see now too trading below will give some decent gains ofcourse for "rebuying opportunity for bulls" too.. i had some "blah blah" not good to post as "sir" also not here it seems. will mail u time permits
@SOBISH184,Good Luck. Entry on the way....
JR JULIUS CHANGE LEVELS?
J.R. Juliusji,Is it entry below 5164?
Ilango ji,How r u viewing this dip to 5168.8 intra-day ? A of ZZ down-wave done @ 5168.8 sir ?
Ilango ji,How r u reading today's dip to 5168.8 sir?
http://www.scribd.com/doc/95493792/The-End-GameAs usual - a time pass from my side don't take it seriously. just "follow the market"
The way Bulls are holding Nifty above 5172..and the way 5200PE addition is there which is almost 9lac @ this moment,it looks,in the latter trading Hrs.Nifty wants to cross 5200 and want to show at-least 5205-5210.. @ so on.Let us see...
Good Morning ILango Sir & everyone!Dear Brahmesh! Congrats a lot, wish you a very happy married life ahead. God bless u both....Intraday weakness below 5150 only & for positional 5100 still rock solid support:)
New Post Done.
Mynac,There is also substantial increase in OI of 5200 and 5300 calls.Secondly amd most important, OI of 5200CE is 77lks while 5200PE is only 41 lks. this makes it a very heavy series to break on the up side.In last few years i have seen that the series may be broken but only momentarily and if not substantiated with huge unwinding of calls than will lead to a good fall below the series.The average price of the calls come to appr 20-25rs so the upward may be capped till 5220-25 without seeing unwinding.Hope i am able to express myself.Regards