Nifty, has to cross 5345-5350 for futher upside. Staying below 5314 is sign of weakness. Breaking below 5280 would correct it towards 5250.Supports & Resistances for today:-5314-5350 – Resistance area.5250-5280 – Support area.(Re-Buy Opportunity)Current Trend: - UP.(Over-Bought)Possible Movements:-1. 5314< = > 5280< = >5350< = >5370.2. 5314< = >5280< = > 5250< = >5340< = >5370.3. 5314< = > 5280< = > 5250< = > 5208< = > 5182Two 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!
@ Shriram,If you post the most obvious one, why the disclaimer.And if in doubt, why post it?You just need to shed inhibitions and do the unthinkable..Because....I have seen you doing it often.Why break the rhythm.If you can keep a "balance" in mind, your rhythm will continue.And when doubts creep, stay quiet for a while for the "fog" to clear... Clear, it will in time.
@Ilangois 5290 the support hence a possible buy area?
NF 15min support broken @ 5308, let's see whether Bears able to hold on to the break... if holds the break then NF 30min support @ 5271-5255...But NS not yet broken the 15min support @ 5291..
@ ilango ji: haha.. yes sir, i see ur pt. I am a data-driven guy. hence, the "inhibition" with EW.I appreciate wot u say, will keep in mind henceforth. There is no pt in posting lables wen i m not sure of ANY ONE of them. thank u :-)
GM sir and allSir - BSE/NSE/Nifty futures almost open high same can u confirm pls. tks n advanceregds
Dear Parimal Tata motors is trading above jnsar???
SisIt is so :)
As of now, NS 5min Resistance @ 5308-5310... & NF 15min Resistance @ 5310-5315..
GM Master, Master , can we take consideration of 53 to 65 point correction from yesterday high to add long?
Sujatha ji,nifty futures open high almost same 5334.8 and 5334.95thanks
a/c daily HA nifty chart. 5297 broken. weakness starts. if remain 5297 more weakness.
Generally we may like to integrate consolidation with JNSAR level and 200DMA for clear direction along with possible breakout.as Dear Master would emphatically state for such a strategy
sir is HNS forming on nifty 5 min chart with neckline at 5290.....
"5290"-34 Hr Sma likely give a support.. How long.?Redo the retracement if needed..5333 to 5290
Cooldent ji - thank u :) ulta view bach gaya but shhhhhhhh 270 should break or else no bears only teddy bear :( watching BN symptoms if it looks like 485 breaks expecting atleast 394Parminder - thank u
CAMARILLA FOLLOWUP:For L4 SELL@5319Part Booking & Trail to Breakevencan be considered. CMP@5298Simply My expectation:*NIFTY SPOTA wave 1-2-3(Broke 80%) from Yesterday Low & high 1.272 - 5289.75 (Projected)1.618 - 5277.91 (Pending)2.000 - 5264.85 (Pending)
what a speculation sis Sujatha yesterday,,,how do you guess,,is it all technical indcators are in overbrought zone or some mayan or astrological?
weakness started but still not top out
thanks Ilango ji
Interestingly ..see more buyers than sellers now for e.g mininifty contracts Total buy 14 lakhs vs Sell 10 lakhs And OI difference has increased from 1% in the morning to 7 % now .
@ prakashbkc,65 points from 5333 would be 5268.It coincides with the recent two lows of 5266 & 5273.If the fall is a corrective kind, it should limit itself to 3 waves-abc.a: 5333 to 5288=45 pointsb: retrace comes @ 5305-5316(0.38 to 61.8)c: could end around 5266-73.Let us also see how the day ends.
@mastertatamotor reversed!! as you said y'day horly close above 239 and cross 241.2. a big THANKS.
CAMARILLA FOLLOWUP:Nifty Futures Trendline@5311
Thanx master for reply
@ SAM,I don't see any HNS in 5-min chart
As of now, NS 1min Resistance @ 5303-5305...
cooldentji - am out with my position no trading zone 290 again may be move to 5300?? y risk? just W & W for next hour close. and 2 days close abv 5300?? bit cautious on both the sides so no positional trade.."only trading at the timing". if i feel any weakness in hour close "will pocket some puts"sureshnifty - lolz :)it's "number game" 343 is valid for this month.
how to post image ...
@SAMgo to google groups, join justnifty and post your image there and inform here.thanks.
@mastersir i am seeing tatamotor b/w 241-242 since morning. can you give some more idea about long trade. thanks.
Sir here it is https://lh4.googleusercontent.com/-6jYEnU-LevY/T_Z2mmZXQmI/AAAAAAAAFZA/clRBWiCNtBo/s1600/Untitled.png I might be very wrong .. i am very new to this technical analysis.. just clearing my doubts
I personally Exit Shorts@5310(TL)Waiting for next opportunity.
Dear Ilango Sir & Blogmates,OI Update at 11:00 AMThanks & Regards
soon emas may converge in 5min intraday charts
11.00AM TT & Chart updated.
julius sir great but me missed large profit
///I am really Sorry Posted Wrong FIBONACCI levels by Mistake in the title (Simply My expectation)///Will avoid such mistakes in future.Sorry.
Master Can we enter long in Tata motor????
@Mr.Sandeep,You have time.Don't worry.
master ur hrly pvt great
Sir1 5333 to 52992 5299 to 53093 5309 to 52904 5290 toIs it like this?
Sudden upside possibility looks like if 300 not breakes
sir 2nd and 4th wave of C/3 took 2 days to complete so current correction would take more than 2 days?
Cooldent, 1 5333 to 5299 342 5299 to 5309 103 5309 to 5290 194 5290 to How 1 wave > 3 wave?
Master So many queries on Tatamotors,,,what is the JNSAR for tatamotors,,where do I find it?what is you view on it,,,
Sir, from google 2 min chart, is not it like 5-5 so far ?
@mastermail send for technical diff in my TT update and your TT update. kindly check and reply. thanks.
Sir, sorry so far its like 5-3
@suresh niftytatamotor jnsar is 240. you could find it on stock wealth blog.http://wealthinnifty.blogspot.in/?m=0
@suresh nifty240.62 to be perfect.
At 11:30 close 5 hour ema and 10 hour ema are same at 5306 . Also at 11:00 we closed below hour low ema . So if 5 crosses 10 in next hour then that indicates more downside.
@ sudharsan,I don't track stocks actively. @ cooldent,5333 to 5288 may be treated as 1/a;5288 to 5305 may be treated as 2/b - if low not broken, this could continue for some more time to 5310-16.
@ shivanGupta ,Yes, it could take more time.
thanks anmpatel !!!..in 30 mins charts it is showing RSI(9) overbrought,,so no initiation of Long from my side...thanks for the info for stock SAR
hourly indicators below 80 for 2 hrs, this looks more downside ahead if not crossed hhema at 12.
Thank you for reply Master
@masterdid u check mail sir?thanks.
got it sir. Thanks
@masteri double check the value before i mailed you. anyway Your TT update is more reliable. thanks again.
@Ilango Sir,can this be a new impulse wave from 5288 after ABC correction from 5333 to 5288?
Camarilla - Scenario 3Nifty Futures - CMP : 5321.40L3 5332[BUY](Can be modified to 5339/ORB)L4 5319[SELL](Watch MACD or TL for Confirmation)Personal Decision Advised.
Dear anmpatel.Tata motor Daily indicators are down.. weekly looks neutral ...monthly trend is also down.. keeping in mind all this i feel this is just a pullback rally and will soon resume down trend... i feel it will move towards 61.8% golden ratio 207 in near term.. pls advice
New Post Done.
Just a thought!NIFTY SPOT. Yesterday Swing 5288.85-5333.65.Today the low broken. So I started a New1-2-3 count from 5333.65(1) to 5287.80(2)Also I consider this rise from Low is for (3).Again Breaking Low may lead to the new Projections 5275.33 - 5259.46 - 5241.95This is valid only Not Breaking 5325 in Spot.