Nifty spot...1st hour close above HEMA....will go long...with 20 points sl...that is CAM H3 ALSO....5372...TGT 20 POINTS AT LEAST..
NIFTY OPTIDX Open Interest at 10 -> CLICK HERE
@rajan malhotrathere is nothing appropriate or inappropriate in markets but we have to reach only one goal make more money and lose less money.5,3,3 setting for certain occasion of joining trends was explained by dinesh rishi . it works well but one side.35,3,3 setting by sir is faster version of 5,3,3 setting in day by sir as 5,3,3 is at times slow. its more relevant for positional trading on both sides.sir if this explaination has error, pls rectify
NF at latest high..5417...
Piyush sharda jiYou may be right, but as you have mentionedthat 35,3 ,3 is faster,this needs to be clarified, because in this lookback periodis longer than the 5,3,3. please explain at your convenience.
@rajan malhotra35,3,3, hour is faster than 5,3,3 on day.
use just nifty TA file again wrote 5000 september put and now covering ,ate all the time premium of put buyers
@niftyindiahigh is still 5416.95.
Spot 5 min chart.... closing below 5 min since opening...and resisting 5417...will catious for long taken...
sir looks like 5 wave from low of 5356.85 over at 5398.7now retracement onInvalid if breaks the high.
anmpatel...mini high 5417.6
yesterday strong addition was seen in 5400cetoday strong addition in 5400pe
@niftynindiaok. sorry. i was telling regular lot.
@smita i am learning EW so i could be wrong but i think we completed 3rd of vth and now we are in 4th
Reacting from the resistance: 5399.
@shivanGupta , Me too in the learning process only , we might have completed 3rd at 5387 and now in 4th , if so then this 4th is irregular flat off which a is done yesterday , now in b . But I am skeptical about this one by looking at the nature of this rise from 5357.
Namaste Ilango Sir and fellow bloggersLV
NIFTY SPOT...5389 imp..trades below that for 10 minutes then will close long and will stay nutral...
Dear Ilango Sir & Blogmates,OI Table Update at 11:00 AM, VAH : 5404, Pivot : 5389, R1 : 5403 and VWAP : 5404Thanks & Regards
NIFTY SPOT....again trading above 5 MIN MA..so little safer now
@RAJAN Malhotra35,3,3 is used by SIR coz its like more broken down sharper version of 5,3,3 on daily charts.As you can see in one day nifty makes 7 hrly candles, so when we use 5,3,3 on daily charts it gives 5 daily candles in calculating value. In the same way when we use 35,3,3 on hrly we r doing same calculation (i.e, 7 candles(for day)X 5 days) but the end result is more sharper & if any crossover we may b able to identify @ EOD that can get seen in HRLY charts only.Because of this effect appearing in hrly people call it FASTER in the sense that they can find crossover of daily charts in hrly charts itself.I Hope i had been able to put my thoughts properly. If wrong do correct me.
IT index leading markets todayBN hand in hand with NIFTYguess in later part of day trend may change and BN may be leading
Strong resistance at previous high of 5399also double top formation on hrly chart of NF
Atul Mehrotra simple and good explanation. :):)
midcap index and BN near 200ma supp in 5min chartsnifty 200ma near 5370IT index 200ma at 5955
@Atul Mehrotra You are absolutely right.Thanks for the same.This I knew earlier. Actually the question wasthe comparison of the 35,3,3 and 5,3,3 on hourtime frame only.Obviously the one with longer lookback period has got to be slower,provided you compare them on the same timeframe.
@ Ilango ji, does the correction from 5399 looks over at 5389 ??
@ Waquar,It could be a shallow correction but takes more time.
i request master to show hourly chart also, thanks.
bank nifty may lift up nifty
keeping ns at 5390 bank nifty is being pulled downmanipolating by keeping BN stocks in nifty 50 in up mode and pulling down other BN stocks
@gkm223, its hourly chart only, the chart at the top left corner says cleary - Nifty Hour and 21 and 34 sma.
Near 14 lakhs PE have been added at 5400 today.
New Post Done.
fast rise setup may emerge in Bn13ema kissing confluence of 34 and 55 emsnifty too at supp of 200ema in 5 min charts
Namaste Ilango Sir and all, Moving averages converging in 5min BN Futures. Fast fall negated above 10560.