Dear Sir,is the fifth wave terminated at 5350 levels ?? and we are into serious downside 5 wave correction ?? Today we saw impulsive selling Now it should be sell on rise Market with stop at 5320 ?? Pls Guide as lead indicators once again proved slow to market actions
@ rb9,Lead indicator has led quite well.When Nifty made a high @ 5333 & fell, it has turned down & triggered too.The subsequent rise to 5349 & closing at its highest point @ 5345 happened with leading indicator below the trigger.There is nothing wrong with technical tools but the "Users" often make the error of reading them isolatedly.Pattern reading - Rising wedge;Candle Analysis - Harami;TEch.Table - Closing below crucial DHEma & DEmaThese forewarned of short term reversals.Traders, often, fight with their own belief systems and fail to own up to their shortcomings & thus becomes victims of their ignorance.One who blames is irresponsible & will never win;One who owns up is responsible & will win with determination and patience.The Tech.Table is like the "Swiss Army Knife". Know when to use the various numbers.Some numbers are for decisive action;Some numbers are for referencing to know the internal strength/ weakness of a particular price action to view them in perspective.
Ilango Sir,,,TCS(Heavy weight) result is positive,,so tommorow slight gap up opening,,,,so "Sell on rise is the call" right Sir...
Sir,D.S.MACD and D.KST is on verge of confirming the trigger on the negative side after 37 trading sessions.Last it triggered +ve on 23rd May @ 4835.We need to wait for Friday session if week asserts its trend .W.S.MACD is in +ve side but W.5D is going to trigger down.Do you think if WEMA/MEMA not protected tomorrow we will have deeper downside ?
Happy Birthday toSanjay Jaiswal and Fire.
Nice punchline in news after TCS results..."TCS rubs salt in Infosys' wounds with strong Q1 earnings"
thnx I LANGO SIR for this update thnx
@masteri think today close value is 5235.25. kindly rectify TT. pardon if i am wrong.thanks.
Sir,I am sorry and beg your pardon i am still in learning phase at primary level.What i ment was yestarday since the C wave TGT level of 5368 and 5420 was not met but new high was made at 5349 and reversed to break the wedgde channel.Off course sir you did give a warning on the bearish harami candlestick and inside candle pattern which gives impulsive 1%-2% kind of moves.Yesterday iI mentioned here aswell.(Personally I am short since 10 july @ 5320)was afraid it may hit my Stlss of 5370 but paid well today covered @ 5233 part remaining.once again i got to take fine readings of JNSAR seriously rather than perceiving just waves
Sir,Pls reply allways wanting to be at the feet of Market and THE "Supreme GURU"
Namaste Ilango Sir & Blogmates, (Neutral: The Move came, with the Bears wresting control from the Bulls, but a follow up action is needed....; Option Analysis for 12-07-2012Dedicated Option Open Interest BlogDuplicated at Wordpress SiteThanks & Regards,Sanjay Kr Jaiswal
Sir, - i bow to your last para. it's really pity i dont hv the capacity to teach or explain to anybody. சிலவற்றை புரிந்து கொள்ளதான் முடியும் விவரிக்க முடியாது அவரவர்கள் அவர்களாகவே கொஞ்சம் முயற்சி செய்ய வேண்டும் என்று நினைக்கிறேன் ஒவ்வொருவர் செயலாற்றலும் ஒவ்வொரு மாதிரி இருக்கிறது சத்தியமாக என்னை மாதிரி குழப்பபாதி டிரேடர் யாரும் இருக்க மாட்டார்கள் என்று நினைக்கிறேன் but y this 2 pnts difference in closing price sir?? by the way not much change while calculating no probs.Night prayer - OMG DOW recovery-aya namah and let us open "up" without breaking 5200 level.
Master I know market is supreme but with genuine people around And with no personal gains it Is great it makes us so humble a .here in jn a person can do wonders
Dear Sis,So here u are. Dow uncle all in green for the time being.Would like to hear your wishes for tomorrow and way forward.So u see, behind ur wishes there is so much of JN family behind to make it true, cause Kumar sir also on long side. So took the risk of covering shorts and waiting for ur power to emerge on screen.Wish fulfilled, now tomorrow morning futures and above all Asian market update awaited. Sgx nifty was really low for after markets.RegardsSJ