"5206"-Day pivot, matches with the "Hour channel support" for this hour.
Ilango ji,TT is green, possible 5fifer in progress all the way from 5033, with ext sw5 from 5154 ?or u see this as a ZZ sir ?
Namaste Ilango Sir and JN FamilyNIFTY OPTIDX Open Interest at 10 -> CLICK HERE
Sir Good morning..Also last 3 hr low 5205, DHEMA 5208, .38% retrace-5205only below this 5180--61.8% for the last rise
DR Sir & ParminderGURDWARA SIS GANJ SAHIBRAG SORATH BANI BHAGAT RAVI DAS JI KIIKOA'NKAR SATGUR PARSAD !!JAB HAM HOTE TAB TU NAHI AB TUHI MAI NAHI !!ANAL AGAM JAISE LAHAR MAI ODADH JAL KEVAL JAL MA'NHI !!1!! "ARTH"WHEN I AM IN MY EGO, THEN YOU ARE NOT WITH ME. NOW THAT YOU ARE WITHME, THERE IS NO EGOTISM WITHIN ME. THE WIND MAY RISE UP HUGE WAVES INTHE VAST OCEAN, BUT THEY ARE JUSTWATER IN WATER. !!1!! ANG-657
Master ilango and friendss,Good morning to all☺☺
Thanks puravi,for the Vak☺
@ shriram,It seems a simple 5 waves done, an 'abc" correction should ensue.If 5187(50% of 5154-5240) holds and prices move higher, waves may be sub-dividing.An ED possibility lacks the overlapping waves.
Correction: 5187(61.8% of 5154-5240)50% comes @ 5197.
If its a fiver wave up then 65% done..But it could be sub-dividing waves like Sir mentioned yesterday...especially if we see the strength of the move. Despite RBI:-)
@Shri: Last night posted a comment on your EW counts. Did you check that?
Observation & opinion :I-D trading Hourly Hammer are reliable.1st H.Inverted Hammer.
5240.45-5212.65 - a 5 done.(5213-HEma)
5230-61.8% retrace of 5240-5213.80% @ 5235.
Thank you DRji
@ilango ji: tk u @YG : hru buddy? saw it now, wot u say is possible too , but disputable as after all these are lables, figments of the mind... :-)That is why I now owe allegience to 34EMA,30m & 5DEMA .. let them guide the developing lable :-)
Puravi nice. Pls post one daily. Thx.
figments of imagination better suited :-) don't put the mind thru the shredder
Thanks STBSTB...shall give it a shot as i am not always stationary:-)But for you special, just read the meaningshttp://www.youtube.com/watch?v=ohIMeHTJNHA
BN days low made if holds 100 EMAhttp://bankniftytradingchart.blogspot.in/
hahah.. well YG,u seem to b intent on pulling me down that old road, i hv long left behind & am thankful i did it in time !Pls go ahead then , but predicting never makes for gr8 TA , my view :-)
haha Shri: no intention of pulling you or anyone down.. admire you buddy for what you have done.
5 dn is followed by a 5 up...??
DR sirKumar sir waiting to snatch the ball :(
Dear Ilango Sir & Blogmates,OI Table Update at 11:00 AM, POC : 5219, Pivot : 5219 and VWAP : 5241Thanks & Regards
Good morning Family... :)
cooldentDelhi abho dooooooooooor hai
Sujatha has turned the grinder ON
ilango ji,i hv an answer to this predicamentpls look @ Expanded FLAT asa: 5233-5214b: 5214-5240c: 5240-5212.65 :-)@ YG : dost, i nvr said that , i always hv regards for ur view.. my words were towards remaining free from DOGMA , one shud not allow the MENTAL CLAY TO SET HARD, else we wont remain Malleable, open , receptive to chnage thats wot i meant , no offence pls :-)
@Ilango,had booked my partial Jnsar shorts yesterday at 5220NS.....5237 NF........is it a suitable rentry point...to go long here and place s/l at 5185 NS...below 61.8% of last rise....or shall i wait....for a better/favourable risk reward set-up?regardsdiscipline
@IlANGO,CORRECTION *SHORTS - LONG
Master,"5 dn is followed by a 5 up...??" was bugging me. Thankfully you mentioned it.My 2 cents: 5 dn is followed by a 5 up..on 2 min charts. Fortunately on 5 min T/f waves are looking easy on the eyes. A nice 5 waves from 5154.25 to 5240.45. Seeing the fall from days high as a ZZ presently, as there is a clear 5 waves till days low (provided we don't retrace 80% of this fall ~5235).
"Upper Roller Lower RollerRoller Lower Roller Upper"read fast and practice till nifty starts something to "move". who tell fast will get 50 points of nifty don't ask me which way :D :)Goodmorning sir and all :)Natti - yeah..real grinder running for "vada" as today is "festival" for south indian brahmins.
Dr sirHave u passed the baton to BN?
Good Morning ILango sir & everyone!ILango Sir, Can it be a terminal subwave of a corrective ending in 5 & new wave start with another 5 ? As you said yesterday "Extending subwaves &be flexible. Sir, Also we are yet to reach 1.62 mark at 5267.D R Ji & Cooldent!I will get anything in 2nd half or tomorrow, till then distribution on. 5225-5275 my area, will be cautious above 5275 only & roaring below 5190:)
cooldentPan Singh Tomar never surrenders
@Sujatha,Let see whether Nifty is moved by Avani Avittam(Upakarma) lunch menu :)) Menu 1 Kuzhambu Moor KuzhambuPachadi Cucumbar Thayir Pachadi Poriyal Vazhakkai Podimas Koottu Kathirikkai Pitlai (Brinjal Pitlai) Rasam Paruppu Rasam Payasam Moongdal Paysam Vadai Medhu Vadai Sweet Sweet Poli Appalam Fried Appalam Curd Curd CurdMenu 2Araithuvitta SambarTomato Thayir PachadiKothavarangai Paruppu UsuliAviyalLemon RasamMilk PayasamParuppu VadaiPurana PoliFried Pappodam
Dr kumar Good morning sir☺
sujatha maam some body has kept nifty busy n ur are keeping us busy with the twister
sir,weekly lead indicator down @45daily lead indicator @96hourly lead indicator @92so what should be the strategy now
@Sujatha,Even at first timeit becomes"Upper Roller Lowler RollerRoller Lowler Rorrer Upper"
MENU MOUTH WATERING NEEDS INVITATION FOR ALL FOLLOWERS PLEASE. SIR
@ Kumar Technicals ,Not breaching 5235 keeps the zigzag correction intact.5 up following 5dn is "part of abc corrective as 5-3-5-5213 to 5234."And waves sub-dividing can not be ignored since OI table is bullish and TT is bullish.Shriram, too, gave a good reason for the 5up following 5 dn.Following these minor waves make me understand the structure/ strength/ weakness of price behaviour.
Post 5 wave down the correction was 7 wave up indicating abcxabc.....which indicated wave B or wave 2 (in rare case).......lets see if low of 5 wave is taken for wave C or wave 3 ??Thanks
Nifty is Overbought in Hourly frame , so it need to come down upto 5185-5175.
Looking at the very significant number of put options being added at every level ( 5200, and below) , it does not look like, its going to break 5200.
@shivanGupta,What should be the strategy..?If you play by Day/Hour T/F, you would be playing the intraday trade based on "Close below HHEma" while holding part longs based on Day T/F.If you play by Day/ week T/F, you either hold longs while part booking in "5235-5280" zone OR an aggressive sell in that zone.There is a channel resistance in weekly chart @ 5310(approx). Br.out & big bullishness would be above it.
New Post Done.