From the chart, looks like Ilango Ji is bullish for the coming week.
Good Evening allhave a nice weekend@Buntyhave you got jnsar file?you had asked me.
Some very big surprise continental dish is cooking in Indian menu. Not idli not dosa not samosa :)But நான் பொங்கல் அரிசி வேண்டும் :):)
@stbstb,What is that dish?
Heading to 5210-5300 in this "C" wave.It may surprise further up too.
Pongal Rice Nilesh. Very tasty :):)
Shriram - not bad at all my closing EOD SL not hit :) nd mkt moved 10 pnts from my booked out level but ur SL hits i did't eat well :( but took rest for sometime. expecting your report.STB - y pongal?? pongal made by "western people" will not be good they will spoil the pongal
hahaha.. sujata , wot can i say Today's mistake also on Hindsight is most obvious , El Stupidio!1) Fused too many systems togetherWent short becoz 5HrHiEMA resisted bounce @ 11AMBy same token shud have closed shorts when 5hrLoEMA supported @ 13:00 hrs!Would have come out @ cost if had seen that 2) Also, Normally apart from 34EMA, i initiate trade ONLY on witnessing the 5-10HrEMA X-over & NOT @ breach of HiEMA from top (or pierce of 5LoEMA from bottom UP alone) Today we never got the 5-10HrEMA BEAR x-over..For some reason, i was so focussed on hi-Lo & staying away from EWT, that my attention was diverted away from this No.1 RULE :-OShud never have initiated SHORTS in first place & if @ all shorts were created based on Res @ hiEMA , they shud have been closed on seeing support @ LoEMA :-(Arrgh, "am out of trading form" this week, hope to sharpen the mental weapons, revise the RULES I MADE & come fresh for a new war on Monday :-)Enjoy ur longs, for now Price has closed EOD just above > 5DHiEMAcheers !
** oops, small correctionClose EOD @ 5146 is below <5DHiEMA...5DEMA is trending up tho, so all is well for Longs
Whenever you have the chance, laugh as much as you can. By this all the rigid knots in your body will be loosened. But to laugh superficially is not enough; your whole being must be united in laughter, both inwardly and outwardly. Do you know how this is to be expressed? You literally shake with merriment from head to foot; so that it is impossible to tell which part of your body is most affected. I want you to laugh with your whole countenance, with your whole heart and with all the breath of your life.-- Anandamayi Ma from Anandamayi--Her Life and Wisdom by Richard Lannoy
Nifty Weekend update: CLICK HERE
its Squat bar on daily chart according to mfi study of bill williamsAs an indicator on its own the MFI is of no significant value. Nonetheless, if the current price candles MFI and volume are compared to the previous candles MFI and volume, the index starts to have some significant tradable data.The four possible groupings of MFI and volume were termed Green, Fade, Fake and Squat by Dr. Williams.Volume Index Terms+ + Green- - Fade- + Fake+ - SquatGreen: The MFI increases and the volume increases. This means that the amount of participants entering the market increases, therefore the volume increases and the fresh incoming players align their positions in the direction of candlestick growth. Notice the long solid candles in the candlestick chart which indicates that the trend has begun and is picking up speed. (See candlestick chart)Fade: The MFI falls and volume falls. It means that the market participants are indifferent and the price movement is small on small volumes. This usually happens at the end of a trend. (See candlestick chart)Fake: The MFI increases, but the volume falls. It is highly likely that the market is being supported by broker speculation and not any significant client volume.Squat: The MFI falls, but the volume increases. In this particular situation bulls and bears are fighting between themselves to see who will dominate the next trend. These battles are noticeable by the large sell and buy volumes. However, the price does not change appreciably since the strengths are equal. One of the competing parties either the buyers or the sellers will ultimately triumph in the battle. Usually, the fracture of such a candle indicates if this particular candle determines the continuation of the trend, or terminates the trend.According to bill squat bar is most powerful among all four.
according to this study,in nifty future, bulls have to travel 16 points to continue uptrend, bears have to travel 60 points to terminate the trend.
these studies make stock market look very simple for layman. but in reality how difficult it is, knows only technical analyst....
Namaste Ilango Sir & Blogmates, Bullish: Bulls are holding the lower levels and Bears the higher one, status quo maintained for the week....; Option Analysis for 22-06-2012Dedicated Option Open Interest BlogDuplicated at Wordpress SiteThanks & Regards,Sanjay Kr Jaiswal