sir, has 5 wave fall from 5251 finished at 5104
@chetas , i think u r right. V th should start from 5154.
Sub-waves have more possibilities than the major ones. You need to combine "time taken" to get a better idea of the "running counts".The low could be "irregular b wave of ivth" or the end of (a) wave and a bounce may be on for the 5258 to 5104 retracement.This analysis is needed only for a "intraday trader".With weekly trend down, watch price weakness around WLEma & DEma.
NIFTY OPTIDX Open Interest at 2 (JUL & AUG)-> CLICK HERE
five wave completed from 5103 to 5144 on 2 minutes chart.
@ Illango Sir,Week Low is holding out as of now...for a JNSAr trader what would be the right place to re-enter.HHEMA, DEMA, DLEMA???Thanks sir
I know I ask too many questions...but that the way i am built:-))) sorry for pestering!!!
@ puravi,If 5130 or 5125 holds, Nifty is likely to move higher towards DLEma to 55 & 34 DEma(5150-5177) zone.HHEma has given many small trades for intra sellers.
@ puravi ,Asking questions is fine. But make sure you don't know the answers as "not believing oneself" shouldn't become a habit.And if you know the answers, make your strategies, plans and execute. Share your observations confidently. Only then you would know(after sometime) whether you were objective or not.
Nurse- ""A Person Who Wakes You Up To Give You Sleeping Pills.""Father- A Banker Provided By Nature.PS : Howmany "red candles" in this expiry?? count it and "decide the trading level" for next month.Bye
Thank you Sir, You got me right...I need more confidence.I always have problems with re-entry:-(
@master please 3pm update.thanks.
@ Sujata mam,Till yesterday 13 red candles and only 4 green.
@Ilango,Will closing above day pivot of 5130 will have any positive effects on the bulls to test the range of 5167-5187 tomorrow.Regards
Sir leading stocks as sbin tata motors tatasteel have no strenth today and trading near their low.is this also bearish signal for market.
@ CDG,Yes...that is how one should read them. A mild sign of strength when closes above the "Pivotal number". ANd this would come handy for "Intraday players".
Yash & dhan :) :) what a month comparing to June? OK... tomorow itself "bounce-aye namah!!! or after expiry"???
@ NEVER GIVE UP,Bearish signals flashed last week itself when some of the strongest stocks-IciciBank, HDFC, ITC displayed -ve div.For the settlement, 5100PE and 5200CE is adding open interest makes it a tussle in a small range, though trend remains down.
I personally Hold 2 Numbers to Re-ShortPositionally 5164 & 5177 after confirmingreversal with my simple tool TL in 30m/TF.Thanks for the Day...See you everyone tomorrow Bye...
Thank you Sir for your patience!Although I used HHEMA to sell, but covered it both the times..once at irregular b, and the other at close for small gains.You have been very kind...have a great evening!
Sorry for late clearing the position.