Master,Thanks for encouraging
Dear Shriram!It was ur EOD comment:"Alt EW lables suggest 5fifer move up from 4770 is still in play, with 5th sub-frac playing out as a Ascending CT as follows (with FLAT UTL)".You mentioned ascending traingle and not ED so got confused. And moreover the a-b-c-d-e counts u mention does not look like ED (rising wedge) but like Traingle as u say. Kindly guide further...
DR Sir,Can we going long in BN too
WOW DR ji!!got goosebumps.
China is in deep trouble and the bad news from there is not likely to stop.That is what this chart of the Shanghai index is telling. Wave C started subdividingwith C2 ending at the May high and the sell off from there is relentless. Each fall is a 5 wave decline and is now clearly extending in iii of iii so the overall target over the next 6 months is near 1720 which is a 22% decline from current levels. Itdid not even bounce up with world markets in June and is now the weakestspot in Asia. No wonder that commodity prices are busted.Source: Indiachart
Dr kumar,pranam sweekar ho☺☺
Kumar ji,For hard-core EW theoreticians, use of word "CT" in place of "ED" is WRONGSo pls forgive my usage of term "TRIANGLE"As far as Rising Wedge goes , i will actually need ur input sir, "VISUALLY" is there any difference between an ED & a Triangle ?Or am i missing something which u wish to point out ?
@ Prithvi You may take a "baby step" in BN for 10150.The lead indicator of master suggests that.
Sanjay, Isn't high PCR pointing to a super short squeeze up...?
Dear PAM!Shat shat Naman, Kaise ho prabhu? Thanx for ur lovely msgs, ROFL after reading:)Dear Shriram!I am new so confused as triangle is used for wave 4th and B only. How r u looking at expanded flat from 4770. Is it from 4788 from 18/5? Could you provide chart for it..
@ Shriram,Being objective is quite subjective to the predominantly judgemental public.Remove the "opinions", facts would guide you right.EW/Tech.Table guides in this area.In the current context, the sharp & swift upmove from 4770-5124/5144 has resulted in a "sideways consolidation". One could only trade within this range. Though BN had a downward biased correction, Nifty chose the "irregular kind". Sooner it breaks out, the weight is "off Nifty" or else the same consolidation could turn into "Distribution".OI suggests of high PCR which could be "Highly bullish" or "A reversal likelihood". If reverses, the prices would reveal it and we would follow it. But if we have opinions, it becomes tough to change the mindset while "hope" creeps in.
From morning just 10 points movement only. Upside or Downside ?
STRONG ADDITION IN O.I IN 5100PEthey are showing it strong possible support to traders but have seen trading against these datas may give better resultsdikhate hai puck puckrehta hai bho bho
Dr. kumarthanx for reading the messages and laughing ur heart out.Regards☺☺
Hi all,Today's price movement looks similar to the price movement on 11 June 2012. It is just an observation.
DR sirItna der se pak raha hai tho haleem ban raha hogaaapkeliyehttp://chennai.click.in/classifieds/images/151/26_7_2011_21_46_7969_Hajeeras_Ramadan_Special_haleem_with_Mutton.jpg
@Mr.Cooldent,Good Afternoon - How are you?
NS is getting weaker or stronger ?????
Tks Ilango ji! "REMAINING OBJECTIVE" is main learning from ur teachings :-)@ Kuamr sir:Ofc mein no access to charting.. so putting count lables here. Alt IM degree lables thus:-W: 6339-4729X:4729-5630Ya: 5630-4804 (truncated 5th)Yb: 4804-5195 ** in play as XPANDED FLAT
JuliusIm good thank you :)
Guys, updating on last call. Re-enter shorts here with SL of 5175 NF on hourly closing basis for a target of 5050 in 1-2 days.
@ Yuva ,Very good observation.It would come into play if 5134 gets broken..
@GaneshasaysDirect calls..??plz ...
Yuva.. Do you also see a H&S in Hrly?
@ @ Yuva ,One major difference from then and Now is:11th June happened after a run up from 4770 to 5124.27th June is after a prolonged sideways move from 5012 to 5195 and at "Settlement close" when markets tend to stay closer to highs if near the series high.
CAMARILLA INTRADAYNifty Futures.H4@5152 //Exactly Trendline Falls.H3@5139 //Exactly Day Low.
Pariminder-ji - i am back. thanks for holding the market :)Ganesha - hope class master has not noticed you pls. delete ur calls before he comes Howmany of you ready with idli cooker and howmany of you ready with "thava"??? hope Shriram-ji didn't switch on his "gas" :(
@ Ilango ji SirI think intraday 2nd wave done at 5155 now 3rd min 5135
@Sujatha Sis,I m ready with idli cooker but 5165 sl
Dear Shriram!What u r looking from 4804, that i am looking from 4788 for that probability. But if u join trendlines of subwave 5 from 4770 u r not getting ED, may be u check after office hrs as 5.a is overshooting. Another probability is that wave 5 did not end truncated as u say but ended at 4770 and we are in corrective B from 4770 as in ILango sir's chart also suggesting...
At 10.17 am today huge bars on volumes for NF, PE5200 & PE5100 suggesting good down move below 5050 if NF does not cross 5154 now.
If this this is like 11 june then market will test today's high again then ..... break of 5134.
@Ilango,Thanks for your explanation for my observation sir.
@ SujataMa'm i am ready with cooker full of idlis
@ Kumar ji,5.a cannot overshoot. It is the 1st Pt which decides the UTL of an Upward ED :-)EW lables are full of alternates, ilango ji's lables are always in back of mind, so are a few more alt lables swimming in the MIND, and that PRECISELY IS THE BIG DANGER WITH EW, once mind gets "FIXATED" on one lable, more often than not, we lose :-)
Nilish -ji - me too and ek plate "button idlis" kaya :P balance SL as usual with 175. but i scared about shriram-ji's target :( i wish he has 2 go 2 lunch before he comes "our idlis should be ready" :) bulls & bears = presidential poll like .... Vs ..... who's gng 2 win?? BNF 9980 breakes s the indication for us "how fast the steam will come out"
Sujatha ji,only u can take out hot idlis from cooker and eat them on the spot we tend to wait and eat.Here are idlis for u☺☺http://www.youtube.com/watch?v=8YjUmDXyQ6w&feature=fvst
contd.kumar ji,"subwave5 from 4770" ?? Something amiss, pls re-check, am counting wave C capable of doing max 2.618xA from 4770 (A=4804-5020)!!
hey suja:ur painting em as villan , not fair ...Am also waiting for this last ED to end ma :-)
Dear Ilango Sir & Blogmates,OI Update at 1:00 PMThanks & Regards
OMG - Shrirami - last ED means 183/94 again??? pls give reply and go 2 lunch :( as i hv secondary thought that any possibility to touch onceagain there and after today's knock out punch of DOW then v may see 2morow -ve??? (don't wonder no technicals in my post) i am always like that only :PPS : but surely expecting a intra downmove but not coming :(
Enjoy this everybody as it is its boring .... http://www.youtube.com/watch?v=fVg6Ehu1VXY
sir -ve divergence in 5 min when nifty made days high does this has any relevance.
Dear shriram!You are a modern EW Guru & i am new kid so not able to catch you properly. My thinking is same count, Subwave 5 from 4995 of wave C from 4770 of expanded flat from 4804 as per you and from 4788 (if its one as per me). These counts are not easy for me & thats why i follow Master's TT first which is always precursor:)
@masterat which price can we count iii/c start?thanks.
@Sujatha Sis,I think DR sir clapped so no worry.
@Yuva, one more observation, Nifty 16 Dec and 30 Dec has also shown similar movement, before it tanked. Might be today we can see, a sharp down move after or around 2:30
@ anmpatel ,Holding 5134 and moving past 5160 would be an early indication.
Making higher high intraday means?
Nilesh Patil not yetSL keyeed inthere is a saying"Never short a dull Market"& JNSAR is also long
hi,can anybody please tell me what is the difference betweenJNSAR& J10SAR.regards
Hi,Can anybody tell me whats the difference between JNSAR and 10JNSAR.Thanks
@sodhanaJNSAR is master's masterpiece while J10SAR is 10days EMA.
Hi,can anybody tell me the difference between SAR,JNSAR & J10SARthanks
@DR sir,Thanks. I also clapped. and reverse as per Masters premarket banknifty chart. so want some idalis with sister. I did conservative trade.
@anmpatel how to use them in trading.
GodGive a power to nifty for going upsideplease...........
5100pe premium eaten in breakfastnow turn of 5100ce prem in lunch(2-3pm)guess they may slowly take ns towards supp of 5126
God,Give power to bears so they can push Nifty......Down Down & Down
DR-ji = i am always here to "take seniors" input. thanks for ur guidance. but sirji surely i am expecting a downmove nd with proper SL " one fast thud, thud is enough for us to exit . pls keep posting ur hints :) so that i am fine tuning my trading Nilish ji - depends on the closing @ EOD will decide the "fate" of my position whether it's intraday or positional shhhhhhh shriramji gone 2 lunch before that some plates??
God,Give power to operators so they can also make some money
Dr Sir, Operators means Dinesh Rishi?? :)
Godpls dont give any power to brokers. they are always taking my money :(
for the sake of all will you pl put your trade and sl plHow you have learned such an amazing accuracy .super star of stock market nifty trading
@ SUJATHA MADEM
Bala - request u 2 delete ur post am not giving calls but sharing nd comparing with seniorsNilesh- ji - jaldhi clapp kiya??? :( check mail am expecting more - am alone???
@ Sujatha sismore will join u bellow 5134 , from 2 days we were selling at that points but not much receive , hope today is best
@sujatha madem - if you could exchange yr mails to others too , one can learn. along with cam levels what ratio - fib level day high to low /low to high of previous day/week/month etc along with vol candles ,gap up.down you are taking,. How you are able to find time for all these things. any soft ware you have developed. ( you are from the software background) by sitting home doing these things marvellous @ abngalore where you have fixed your plot purchase ?
Guys, please do not interpret me as giving calls. I am expressing my views here which everybody is doing. There is no different approach to it. Please refrain if you don't wish to agree to my view but retrospect yourself also when you publish your views asking whether I am doing the same thing as you are doing. I don't understand why people r taking as me promoting myself rather than taking it as my view.
At least I am being clear in views, not expressing as some "coded" words which I doubt happen or not.
New Post Done.
Will 5134 hold??
Request Everyone PleaseNo fighting and Mud Slinging in this Temple.Few of silient disciples are trying to learn something and waiting eagerly for some prasad from the Master.Not to hurt any1s feelings.Regards
bullish WW pattern developing in ns 5min chartstrgt 5160+ near eodwhere to keep SL for longs any suggestion plz5118 or below
There is comes
Its a short with day high as SL