good afternoon all! This is a wonderful journey, thank you Ilangoji for JN.btw 4th wave mostly breaks trendline to confuse. So a probability that 5th up is due..?!
@masterwhen we can label 5th start? at which price? thanks.
@ skmishra ,You could start from 5209 with a SL 5186.ORWait for price strength above 34 Hr sma(presently @ 5274.)
After long time BNJNSAR hitted on short side
Satheesh - slowly :D :D want lovely hit on JNSAR and it will i believe..ulaga maga "adament" you think abt me??? i know :) mm..unless my SL hits
Sorry missed to add suffix Madam/Sister...
BN Jnsar for 16th July is 10603please correct me if i am wrong
1200hr nifty open low same.Is this start of new uptrend?
Parimalji, its true
parimal/prakash,as has been seen, if the JNsar is hit after a long time, it generally whipsaws.may be the case with banknifty too today.Regards
@ suja:30min candles RES clusters @ 5263-5273 (which is also the tgt of this upmove if its an expanded Flat)EOD close > 5268 will turn UP 5DEMA.. till then Sell on Rises mode shud be deemed being ON
Julius - "a rose is by a rose" hehe lolz :) pls. avoid any prefix/suffix - by the way all r "veg item na"" pls. confirm today is fasting "aadi matha pirappu" :) am waiting for my "hourly close confident no" shhhhhhhh then all is well let us see but sure.. i will book profit once depends upon the "reaction"
shriram-ji - thanks for your timely post coincidentally i hv that nos. hrly close abv 67 itself is good according to my "ant knowledge"OK... coming to the point of "chartists" anybody noticed the significance of the candle 5217/67?? nd find y i am sitting on 215 level??? and y long abve 67??? find out - time pass if u hv time
shhhhhhhh - not protecting here is fast fall???
hrly NF has positive divergencebut MACD yet to go to the positive territory
Thank you Ilangoji, in fact I did a small long at the lower end and booked out -(as per BB worm: for new ones BB worm is 2hema and 2 lema in a 5 min std BB setting i.e 20,2. signal being worm reaching boundary and entering inside agian)I will take positional at 34ema.
Dear Sir,Congratulations !!!This is not just a blog...this is like a home where a big family lives....
Now NF H3 5254Reached & Resisting....
BN facing res at TL joining 11th and 13th july highs
Sir,resisted at 61.8% of 5267-5209, can we say C2 completed and C3 started? Please guide/correctThank you
Good Afternoon Ilango sir and friends.Heartful Congratulations. Happy Blog Anniversary.Good Luck.
Reposting,Respected Ilango sir , Accept my heartiest wishes on 4th Anniversary of JN . Whatever .1 % I have started understanding trend by following hourly and day Hi lo ema , is only because of you and JN. I have been blessed to have met certain ppl apart from my family , who have guided me in so well and in a better way like a family member will . You have been doing that thru your blog for sooo many of us , you are making us not only a better trader but a better person as well.How to keep a calm and relax attitude while trading and in real life which makes all the difference .Sir words are not enough to express my appreciation of you and your blog JN. Three cheers for you , all the seniors ,all the readers and all the contibutors of this blog .My heartiest thanks to you for making it possible .I have developed enough confidence and positiveness about me staying here with you all .Sujatha ji , I remember you disscussing how our parents don't visit and give us only a week in a year or two .Now that I am on complete bed rest because of slip disk of lower back and some nerves problem below waist , I have been granted more than 3 weeks of their time :-D. July 16, 2012 12:23 PM ** It takes lot oftime typing while lying down :)
in next 30-45min emas may converge in ns 5 minone sided move may be seen after that my guess
@Sujatha madamI think your belief only lifts nifty.
@ smita:I still remember we started our TA journey together exactly 1 yr, 2 months ago on moneycontrol :-)Pls take care of ur health . Take rest & get well soon!
@Smitaoh sorry to hear you are suffering from spinal pain. i have remedy-- certain yoga asana practices. these best should be learnt directly. how can i help you? at the most i can post them to your mail address, if you dont mind.all the best and speedy recovery
Dear Ilango Sir & Blogmates,OI Update at 1:00 PMThanks & Regards
1.00PM TT Updated.HHEma - Prices not closed above it-lacking in momentum.
Smita - it's very sad to hear that the way "rest" comes to you. get well soon. take care of ur health. the way u r posting show ur "love to this profession" May god bless our prayers are with you.
SJ, thanx for info, actually i forget this. But, I wish nifty & BN to fall to atleast 5200
Dear Smita jiI know of a yoga & meditation teacher who can help you revive the flow of prana in the nerves. I you wish i would be happy to connect you to the person. He does not charge for this seva. hope you get well soon:-) drop me a mail
Sir - momentum - ஒரே அடியா பிச்சுக்கிட்டு வர போகுது போல holding against ur view is "very uncomfortable for me" but u only "taught me - be simply yourself" hence holding TT tightly for my support.
Nifty took it's own way. It is not considering anyone. It could open up above 60 points. It didn't. Weak IIP data. It can go down now. It will not.
Prakash-pol - Is IIP data out??? i totally forgot this one
Dear SmitaWish you a fast recovery. But for faster recovery complete rest is absolutely essential,which may runinto weeks.
nf today's low n open same at 5175.so bulls have a chance as long as they protect this.
yes Shriram ji , we started together , but you have gonefar ahead of me :) I am trying hard to keep up...Sujatha ji , Primal ji , Puravi ji , thanks for your wishes , after two weeks only I can start exercise .I am blessed .Many thanks
Sir,How much filter we use in BNJNSAR?
Sujatha bhen...please give way at signal no:17:-)
Dear Smita!Sorry to know about your slip disk problem. Have rest & dont do any Aasana or exercise when you are in pain either it may be a life time trouble. Homeopathic have very good remedy for this problem so you can contact me or anyone from ur town. Avoid cold things, white sugar, white salt, coffee, tea, potatto etc. & eat 4-5 dates (KHAJOOR) daily. Do not lift any heavy thing by bending on your back, use ur knees for that. Avoid constipation anyhow so you can take Papaya for that. Wish you speedy recovery, take care..
@ Sujatha ,Best trades are done for "Intraday" is to "sell on rises" when major intraday averages like 21 hr sma(5245 now) & 34 hr sma(5273 now) are trending down.Similarly, when ever these averages turn up, you do the reverse.Your trades are valid as long as week trend remains "UP". But for short term traders, daily trend is down presently.Today is another classic day of "Global cues being used for sell on rises as our market's short term trend is down".
Divi's lab has sharply moved up, more upside is possible, may be a bonus issue is expected. post bonus buying can be profitable in long run.Ajanta pharma and Lupin are good buys at dips if would happen.
Again back from 618!!!
Congratulations on the 4th anniversary !!! ilango ji and team for making this blog a pathshala for all nifty traders. i join all those who not only visit this blog for guidance on nifty and market but also to go through the most inspirational pieces by ilango ji which motivate and inspire to not just fight the battle of nifty but of the life as well. keep it up ilango ji !love and regards to all ! from a proud member of just nifty family !
@Ilango,if the EOD close comes to be above the DLEMA (5233) then will it bee safe to assume that 4th has ended and time to go Long for probable 5th
@Smita Sis,I would like to say that there is one DR. In Goa Dr. Antonio Gonsalves Shop no. G-12 building B, Kurtarkar Shopping Center , opp. Hari Mandir Malbhat Margao. 0832=2446344 He is a bonesetter.My father was treated by him. Now my father has no problem of Slip Disk. Without any operation. If you want further information send me test mail.
Parimal - R u Dr?? or Medical Rep??? selecting only "medicals"??? heheSir - thank you very much..but i am doing "ulta" instead sell on rises i am buying at low selling at high around of today's if the "price dictates me" then will carry the long is my "idea" . May god bless me and TT am initiating trade based on ths only
sir which wave we are currently in as i am not able to lable move from 5209
Are u paying wealth tax? Posted in JN google groups.What is taxableMore than one house if it is unoccupied, ornaments, luxury cars,watches, yachts, aircraft, and over 50000 cash in hand.Rate is 1% of the value of these assets exceeding 30 lakhs.Exemption: Any one residential property, commercial property, stocksand financial assets, an outstanding loan taken to buy the asset.Wealth tax return is to be filed by July 31.Penalty is 1% interest per month delay. Penalty for evasion is 100%to 500% of the evaded amount.
Sujata Sisthese stocks are safe ones. Divi's lab has give bonus 1:1 almost every two years. Lupin has fantastic business setup and is very fast growing pharma company. it has strong global presence. so also Ajanta though is in small cap. segment.apart from Pharma cos. ITC has very good business setup. HUL is another name.these can be safe bets from medium to long term.however ITC and HUL would not give big profit when Nifty very bullish
Nilesh ji , I will surely seek your help If nothing worthwhile happens here in Bangalore. I really appreciate the concern.
@sujathacan you plz tell the importance of 5267-5217 candle now.
Kumar sir , Thanks for your concern.Sir I am taking this rest against my wish , as they say either it is 3 weeks rest and then asanas and physiotherapy or a surgery. I am opting the first one .
Sir,one small clarification.21 & 34 SMA or EMA. Which one is better
@ CDG,If closes above DLEma at EOD, it may indicate a loss of downward momentum. However, it would require a follow up price action tomorrow.From the stocks study I undertook this week end and updated in the "Stockwealth Blog's TA files", most of them are on a corrective for the rise from Nifty's 4770 to 5349. After this correction, another rally is likely, provided Nifty holds preferably 5185, if not 5135.
@SmitaHere at bangalore heard good feedback of Dr.Krishna Raman , his clinic is at Indira nagar http://www.krishnaraman.com/Sharing for reference , in case if he is of some help.
Thanks Ilango ji.. You are great....we will wait for your EOD post..the Lead indicator of 'Day' in comparison to that of 'week' will give some very good picture...Atleast to me...Regards
how many of JN family is in Bangalore / Hosur pls
@ eevra ,,,I'm in Bangalore
New post Done.