Staying below "5317" & break of 5305 would lead to "intraday corrections".
We are what we think.All that we are arises with our thoughts.With our thoughts we make the world.Thanks a lot Sir and others who teach us every day patience , discipline and how to walk safely and positively in the complex finance jungle.Bow to you all !!
On this Guru Purnima, all my respect & gratitude to my Master, to whom till this day I run to get all my doubts cleared and questions answered.And that's why my blog could begin with acknowledging his debt. Allow me to quote that once again - "I am grateful for all the invaluable lessons and indulgence I have got over the years from my Master, Ilangoji. I could never be a trader without his guidance."
Sir, i can see 5317 is last hour high but what is the significant of 5305 ?
इस पावन गुरुकुल में ,पवित्र गुरुपूर्णिमा के शुभ अवसर पर ,कुलाधिपति सहित समस्त गुरुजनों को मेरा सादर -सप्रेम ,अभिनन्दन-नमन, स्वीकार हो..good morning,seniors..
Pranam Ilango ji,Best wishes on Gurupoornima. Ur words enlighten & inspire me everyday to be a better man!Salutations to each & every member on JN. Ur perspectives, makes the brain ponder something anew everyday. Best wishes to All!
@masteron this respectful occasion of GURU PURNIMA i would simply pray for your best of health and wealth. thanks. be remain with us till sun-moon remains.
It really seems that the implication of the Running Correction as shown by Master in the chart above is being ignored by most participants. It actually implies great bullish power, as learnt from Master in the old days numerous times. Getting a bit nostalgic perhaps! :D
"NINDAK NIYARE RAKHIYE, ANGAN KUTI CHHAWAY.BIN PANI SABUN BINA, NIRMAL KARAI SUBHAY."Keep your critic close to you. Give him a cottage near your house because he purifies you without soap and water.Gur Dhobi Sikh Kapda, Saboo Sirjan HarSurti Sila Pur Dhoiye, Nikse Jyoti ApaarTranslationGuru is the wash man, Sikh is the cloth , God the soapWash the mind thoroughly clean, Out Comes The Glow of Truth.happy guru poorinima to all.....
@ Master Ilango,गुरुर ब्रह्मा गुरुर विष्णू ,गुरुर देवो महेश्वरा !गुरुर साक्षात परब्रह्मा,तस्मसी श्री गुरुवे नम: !!Without you, I would have been lost in this big gambling world. Thank you master for guiding us, inspiring us every day every time.I will always be thankful to you for all the hard work and efforts you have put in, for educating us. You are the great inspiration for me .You are the Living Legend and all JN family is very lucky for having you as a Guru.Learning, Learning & Learning from you !
Respected Illango Sir, DR Sir,I have always got light of Existence,aspiration & inspiration from you, I left behind all the problems of my life and move towards the peak experiences of life.Happy Guru Poornima ! Gurur BrahmaGurur Vishnu Gurur Devo MaheshwarahaGurur Saakshat Param Brahma Tasmai Sree Gurave Namaha...Prachi
USD-INR confirmed its reversal in the last hour yesterday - Link
ध्यान मूलम गुरूर मूर्ति:,पूजा मूलम गुरूर पदम,मंत्र मूलम गुरूर वाक्यम,मोक्ष मूलम गुरूर कृपा:गुरु पूर्णिमा के पावन-पर्व पर, श्री इलांगो जी आपके अंदर नीहित गुरु-तत्व को हमारा प्रणाम....
Nifty , if not sustain above 5311,would correct towards 5285-5243.Every dip is buying opportunity till its above 5213-5217. Supports & Resistances for today:-5311-5370 – Resistance area.5243-5285 – Support area. ( Re-Buy Opportunity)Current Trend: - UP.Possible Movements:-1.5285< = > 5311< = > 5285< = >5340< = >5370.2.5285< = > 5311< = >5285< = > 5243< = >5340< = >5370.3. 5285< = > 5311< = > 5285< = > 5243< = > 5213< = > 5190Two 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!
Nifty Futures CAMARILLA H3@5308
Pls accept my gratitude and respectful pranam for guiding us in the stock market jungle and your inspirational weekend stories
@ Abhi,It is the "123" trading strategy.From the high of 5317, Nifty fell to "5305"(1).It bounced then back to 5311(2)And the break of (1)would lead to more correction.
Thank you Sir
HiOn ocassion of Guru Purnima I bow to the feet of Mr. Ralph Nelson Elliott for giving us the theory and methodology of Elliott Wave on which we today make our profession. My sincere Thanks to him.Thanks
Hi Lango sir , How u recognised and confirmed that its a 1-2-3 , Can you pls help me out
Normly wht we hav to see in d chart? For keep position? Sar or 5 dema?
Dear Ilango Sir,JNSAR is in UPTREND,,,if suppose some correction happens ..how Should we trade a correction? can we shortsell now?? to see price like 5260--5240???
5DEMA is UP & we have multiple safety nets for bulls :-)30mins candle support @ 5283Dev 5HrLoEMA @ 5283 @ 11:00Am34EMA support @ 5257CMP trading > Dev 5DHEMA @ 5262 is Bullish
Fire sir, any comment on Nifty or banknifty with target?
Good Morning Sir and Friends.Just to say "Acharya Devo bhawa".Thank you Sir for all your efforts in imprting knowledge.
Dear Ilango Sir & Blogmates,OI Update at 1:00 PMHappy Gurupurnima to Ilango Sir and all the Seniors… Thanks & Regards
" imprting " imparting.
Salutations to master
Namaste Shri Rajagopal.
its not crossing 5311 so now 5285 , end of third :), Such a minute and wonderful hold , salute sir !
@ rahul khurana,It is a combination of Elliott wave corrective possibility and Technical overbought in the short term.And it is meant for only intraday.As Shriram has pointed out...there are many supports and only on a EOD close below such "rising" supports, should one change their "Uniform" from a bull to a bear.
Most of us must have started our journey in the market alone and this market must have taught very harsh lessons.But along the journey one gathers information from those who started their journey earlier. Ilango and his blog is one such treasure trove of information. Thank you Ilango for selflessly giving so much without expecting anything in return. Wish u and everybody here a very joyous and prosperous Guru Poornima.
nifty above 5 days ema is at 5241 till that ok
Rajagopal Sir Pranaam
RG sir Namaste. Long time!!
good morning rg sir,one of my seniors who doesnt comment-commented :-)
Hi Raja SirHope you're doing well
@Ilango,Namaskar. Is partly booking at Months HEMA 5334 will be ok. can we short there also for 80-100 points down from there in short term (in a day or 2)Regards,
TL broken weak for Bears.
Sir GM And Please accept my Koti Koti Pranam on this Day
julius pl explain tl
Hi Lango Sir , As u said that its thru elloit wave , my next question would be how you conculded the start point of wave 1 ? v sorry sir , but very much confused in these concepts
Sirji - you are the only Shri here.===I doing very well. Knowledge that Sir could drill into my thick head, is ensuring a pleasant journey in comm trading.My only regret is that we keep Sir pegged down -we are not asking new questions. Only if we the students launch new probes, will we open the dam, allowing the knowledge river to enlighten us. Remaining a student means raising above just trading.Hope I am not mistaken. Big hallo to DRji,Cool,Sam. Lots of love to you Professor Sir (wow again PS!!!)
I doing - oops "am" in the dam?
RG sir ,Good morning☺
Namaskars to Master Ji.
Dear Ilango Sir:Pranam! Please accept my best wishes on this auspicious Guru Purnima. Thanks for your selfless services which is bringing Lights to several's of life here.God Bless you with Good Health!Regards,Sujeet
Ilango sir..this is b wave going on??
Time pass jokeA blonde, wanting to earn some money, decided to hire herself out as a handyman-type and started canvassing a wealthy neighborhood. She went to the front door of the first house and asked the owner if he had any jobs for her to do."Well, you can paint my porch. How much will you charge?"The blonde said, "How about 50 dollars?" The man agreed and told her that the paint and ladders that she might need were in the garage. The man's wife, inside the house, heard the conversation and said to her husband, "Does she realize that the porch goes all the way around the house?"The man replied, "She should. She was standing on the porch."A short time later, the blonde came to the door to collect her money."You're finished already?" he asked. "Yes," the blonde answered, "and I had paint left over, so I gave it two coats. "Impressed, the man reached in his pocket for the $50. "And by the way," the blonde added, "that's not a Porch, it's a Ferrari."
A makingof a reversal day in the offing
New Post Done.
@buggie : hahaha.. LOL too good :-)@Ilango ji: 5hrLoEMA @ 5285, if offers support for next hr, wud hint @ intra-day B wave playing out UP from 5287 as a FLAT sir ?