Dear RG Sir ji!Where u were busy yesterday, How is ur back now?
@ suja:pls share ur system in pvt by email atleast...very difficult to understand ur numbers amma :-(
Dear Ilango Sir, Do u observe any fast fall set up in the 13,34, 55 and 200 m EMA RT chart. Pl suggestRegardsSiva
@Shriram,If you want sis's system then join cooking classes first.:D
Kumarji - Back is perfect - credit to Dr Krishnaram. Doing walking and Yoga regularly.=========Sirji - did I miss anything y'day? It is July...OMG!!! Let me check.
Oh Oh...This back bencher forgot his old school.Sirji - I am ashamed. May God shower you with lot of energy to hold the torch of knowledge high.Salutes and apologies.====Kumarji - Thank you.
Namaste Ilango Sir and JN Family.Late to school. :(
Descending Triangle may give thud sound
nice to see u rg sir
@dinesh sirhow much time do you wait for confirmation of a pattern like in this case descending triangle in bank nifty
Piyush - that's very valid point. timing is important. according to "now" i will be out if the no. closed below hourly becoz of the weightage. it's tough to elaborate how i am correlating as i am "very weak in that". but if i post u can "find answer" when and how i am doing. always not using.. as i said "testing" going on..
DRji PranamPS -Hi.Bye for now. And again thank you Kumarji.
DKG - the most expected one by all :)piyush - now the hourly close around 5194/203/207 is OK. 207 is comfortable.
T1: 5186 achived :-)
shriram - ji - shhhhh not protected then "my mayan" on the card including the "breakdown" then almost to LBB level :( now me "watching nd waiting" alone for the close :(Julius -ji - thanks for the dosa mm.. time is nearing
34 DayEma/MEma/S1 of the day @ 5173-76.
Another EW count for C as a 5fifer, opening more downsides :-c.1 5267 5217 -50 c.2 5217 5246 29 -58%c.3.1 5246 5191 -55 c.3.2 5191 5236 45 -82%c.3.3 5236 5159.99 -76.01 138% ** in play Lets see, if this plays out
Hi...Rajagopal,Thank you for the wishes.We are in the NOW. We forget. First my wife reminded me...then Prabhakar.
Can we enter long master ???
@ suja:Dev. WkLoEMA @ 5161 plus minus 20-30 pts may offer support LBB is too far away !
3 pm close marginally at 192/194???shriram ji - rotating my eyes like "owl":P
@ SAM,Safer to start longs if these prices had come at the opening session. To carry overnight, our system's min. req is a close above 5DEma.During this correction from 5349, market has given a sell point everyday, even on the gap dn day.It is prudent to wait it out till tomorrow.For intraday, it should move above DLEma @ 5212(Pivot too)
@ilango ji,Kindly enlighten sir, ur seeing this move as impulsive or otherwise?
"Weekly trend turned up @ 5068 close on 8th June.Nifty dipped only upto 5012 and has generated a 200 points gain sofar.Monthly trend is turning up today with a close above 5119. Keep approx. 120 points for intra month dips from today's close for monthly trend gains.Month's fast macd is poised to move into +ve zone in July.The above is the larger picture involving EW's "C" wave upmove. However, one should manage their positions for "intraday", "Intraweek" & "intramonth"'s volatility.5280,5342, 5379 & 5499 are the peaks from where Nifty got sold off during its journey down from 5630 to 4770.And they are the peaks need to be scaled to gather strength & momentum. If at any point in time, it finds difficult to break thru' one of those peaks and break down below the "rising supports"(presently 5174-85 & we'll update them), we should accept the change in reality."dated 29.06.12
Dear Sir,any updates for this post
Sujata mammy rocket launcher ready for 5233 destination please ignite the fuel
@ Sujatha,Hourly Close below 5190, Exit ur Longs or Holding?
Piyush - gun shot close??? once tasted this kind of milk..hence aggressive "but really today decided not to do aggressive trades" which is not must "few good trades are enough" for a month. let me see.
indiavix is 17.81days low
@ Shriram,Sub-waves look "corrective " only.
DKG - missed my mark by "1" 188 i mentioned - it's 187. taking risk. EOD abv 202/212 is enough good for me "short term" for 2morow. now postponed to EOD :D :) Sir - 181 is the low showing google but u hv mentoned 183??? which is right sir. tks.
@ mayank,Thank you for the reminder.Nifty found difficult to scale 5342 and has now fallen towards the "support zone" - 5135-75.One could buy in this zone, keeping 5100 as SL or above 5240 with a small SL.If Nifty needs to start on the next rally, tomorrow would be ideal, though the timing could differ by a day or two.Having dipped below 5209(WEma), this week's close is crucial for bulls.
sujamaybe ur longs r still in business. ew has made a 5 wave diagonal at 5182 frm 5267 if it ends at 5182
forgot to add - if this success comes 199% credit goes to "Sir" Any loss comes 299% BECOZ OF MY MISTAKE... so risk is "mine" no way nobody is "connected"
Tks ilango ji,shud we consider ZZ with C as ED done, if we manage a close > 5212 today ?or wait for 5DEMA to turn up ?
@ Sujatha,5181.70 is correct. I'll update it.
Thanks sir, may be time for month trend to assert .
piyush - ohhhhhh thank u and sir and mayank too:)let me fine tune by next month and post @ right time.
knife on my head closing around 195???
@ shriram,So far this correction has managed to stay within the confines of the "Falling wedge"(ED) from 5349.Break out point is: Last hour high/ Two hour high @ 5209-12.Break down point is: 5175-73
@ Ilango ji: Tks sir,Its such a pleasure wen different studies come together so beautifully :-)@suja: Another eventful day wid no trades, but lots of Alt counts .. i nvr trade against 5DEMA , so will join u later may be :-DGood day to all, bye!
the power of "188" watch out - breakup or breakdown???? just only with "one call" if bounce comes soooooooooo sharpppppppppp down comes then "my mayan"
shriram-ji - soooooooon y soon..2morow itself will join "your" party...no aggressive trades.."just selective" problem is "i got a bunch of system" will jump like"monkey" bless me