Good Morning All
Happy Birthday...god bless you in all your sincere efforts... @Sanjay Bhai @Fire @Prakash
View Unchanged.Nifty, if not sustain above 5311, would correct towards 5285-5243.Every dip is buying opportunity till its above 5213-5217.Breaking below 5240-5210 will bring weakness.Supports & Resistances for today:-5311-5370 – Resistance area.5243-5285 – Support area. (Re-Buy Opportunity)Current Trend: - UP.Possible Movements:-1. 5311< = > 5285< = >5340< = >5370.2. 5311< = >5285< = > 5243< = >5340< = >5370.3. 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!
NS Intraday supports - 1min-> 5300 5min-> 5295 15min-> 5275
Morning everyone!@ 3 b'day boys: Janam din Mubarakh ho :-)@ilango ji: Irregular FLAT from 5317 still in play , vide C as ED ??
Seniors,absymally low volumes may be a great cause of concern for higher levels to sustain.any comments ?Regards
when is infy result date
@Shriram,C as ED then is it started e of ED?
morning nilesh:see 2 possiblities:1. We r in sub-frac "c" Down of C wave from 5317.45 .. tgt = 52662. we r in sub-frac C of 2nd ABC FLAT of a DZZ from 5317 .. tgt = 5274
and ofcourse pls note both these possiblities wud be sidelined once we take out 5318 And Smita's ysday's discussed postulation of a New sub-impulse up from 5266 will come into fore-front :-)
After the Gap-up opening on last Friday, Bears had strength only to break below the 1 & 5 Min intraday supports on respective days and not able to break the 15min support.Today NS bears able to broke 1 & 5 min support & now Bulls regained.
on 5min charts , fast rise with 50 and 200 sma...
As of now, 15 min NF support lies at 5291.
And if NF manages to move above 5325-5335 and sustain then upmove may continue for intraday.
Hi All,Nifty is making ascending triangle.Minimum tgt 3560.Anyone with my views..
@mynacis there any unwinding in 5300CE / addition in 5300PE?thanks.
sorry 5360 :-)
@ilango ji :DZZ in play , or irreg. C in play , wot do ufeel sir?
N.Dhanabaleeswaran said... Hi All, Nifty is making ascending triangle.Minimum tgt 3560.Anyone with my views..Please expert view on this. thanks.
Tatamotors BearFlag activated on Hourly chart.
Dear Ilango Sir & Blogmates,OI Update at 11:00 AMThanks & RegardsP.S. - Today is neither my Birthday and nor Ranajay's :) Wait till 12/07...
11.00AM TT & Chart updated.
@ shriram,It resembles the "ascending triangle" that was done in "5190-5042" range.
@sanjaybhailong buildup in put and short buildup/long liquidation in call how can we consider bullish.you are the best but i have confusion.kindly explain when free.thanks.
Ascending triangle:1. 5266 to 53172.5273 to 53173. 5289(today low) .nifty should fly over 5317.. then atleast 5360.Then gap @ 5368 will fill.
Re-Posting.Sir, is this ongoing running correction similar to the prior sideways consolidation from 5040 to 5195? If it is true then the next upmove can be very steep which will be confirmed only after EOD close above 5330.
nifty breadth is at day high... whats wrong with nifty :O
5300ce days low is 55???
right, so we may grind on a bit longer.. thank u sir
sir all hourly indicator are showing negative divergence or is it just because of steep move on last friday.
@Ilango Sir, awaiting your reply.
SanpotIlango said...@ shriram,It resembles the "ascending triangle" that was done in "5190-5042" range.July 5, 2012 11:06 AM
@cooldent, got it. Thanks.
Just reposting "golden words" from Master,,it is in beginer section""How do I plan my trade...?Take the JNSAR number and plan your trade with it. It can't get simpler than this.I have shown it in the pre-market table. Can you get dumber...dumber...and then see all those riches.. Stop the chatter..start hearing those money jingles.""So Friends ,,JNSAR is 52025DEHMA==5281.. 5DElMA==5230..already partially booked,,,now holding half lot SL @ 5215...thats it.Tension free trading...
Today 5300CE Low is :55
Nifty spot above 5307Stochastic attempting cross over in Nifty Futures 60 mnts. chart
New Post Done.
@ Mr. Hari, Divergence in Stoch, RSI, as well as MACD in 60 min chart...look at volumes too...dropping