Trendlines: Read here
Trendlines have held after a brief false break in "Hour channel" but not in "Day Channel".
Trend Following: Read Here
Nifty has kept its Higher High & Higher Low (HH&HL)and trending up above trend indicating Short Term (ST) averages.
Trendlines have held after a brief false break in "Hour channel" but not in "Day Channel".
Trend Following: Read Here
Nifty has kept its Higher High & Higher Low (HH&HL)and trending up above trend indicating Short Term (ST) averages.
40 comments:
Good Morning Ilango Sir and Friends
BANK NIFTY and DLF Updates: CLICK HERE
Goodmorning Family.... :)
"numbers stay on in my mind longer and number is what I see on the trading screen." - Ilango
Ilango Sir, Two days before you mentioned about
TATA STEEL in range and support 392 but it breaks it yesterday, now it is short?
Good Morning Master & Friends,
@Master,
In Trade Table conservative trade sl is 5275. Do we go short now in conservative trade?
And in Jnsar Last row indicating just 25points. but that trade actually gives 52 points.
Good Morning Ilango Sir & all Blogmates.
Rgds
Saravanan
Good Morning Ilango Sir and Blog mates.
@nilesh patil
5275 is stop and reverse for conservative trade
Dear Ilango Sir,
Last close 5348 coincides with the Golden ratio(5346) for retracement of last fall from 5378 to 5294. TT is completely green, how to react to such situation, your experience & valuable inputs will be of helpful to me.
Rgds
Saravanan
@Cooldent sir,
But we are below 5275. Then how can we plase the sl for 5275.
Namaste Ilango Sir And All.
@Nilesh
GOODMORNING!!
Nifty spot closed at 5348 yesterday!!
good morning master and blogmates
@ Nilesh Patil,
We are not below 5275...........It closed at 5347...you have been mistaken.....dear
Namasthe ilango sir and Friends,
Many Many thanks to ilango sir and all others for your wishes.......
On My Birthday.
Today's Quote received :
Best way to predict future is to create it…!!!
~Dr. Forrest C.Shaklee
SIR ILANGO JI GOOD MORNING
Sorry Cooldent sir, And Gauresh Sir, i mistaken it.
Sorry for that Master.
Namaste Dear Sir and all friends
Have a nice day of trading
Namaste Ilango Sir and fellow bloggers
LV
@ Nilesh Patil,
Trade table gains not updated.
Conservative trade: Only SL is given.
@ Saravanan,
61.8% is a good sell point with 80%(5361) as SL.
Remember there are always two trades at work...one with higher risk/ reward.
Good morning master & JN family
Have a nice day !
R/Ilango Sir Namaste n Namaskaar 2 all reader's.
Good morning Sir and Blog-mates
Good morning to all
Goodmorning sir and JNfamily .
@master
what will be tom developing JNSAR sir? thanks.
Namaste Ilango Sir and JN Family
Below 5DEma-5321, both day & Hour channel breaks.(Hour breaks @ 5327)
16th Thursday's JNSAR is 5308(approx, too early to know)
Good morning Gurudev and friends
Tata Steel, RIL are gaining
@ Shankar,
Tatasteel was getting sold off ahead of the poor results and after the results, the "short covering" may be on.
Inflation too high, above RBI's comfort: Subbarao
Wondering if market is aware of the fact , whats holding it up ? Or this event has already been discounted in current price.
@ numchar,
In a "TRENDING UP" market, the release of "bad news" is gobbled up like hot cakes and
the same goes for a "TRENDING DOWN" market which loves "good news".
BN picking up pace...
@kiran
BN has hit jnsar long :)
BN need a confirmation to come in UT
5400 Call options writers, you will ave to eat back what you are selling.
Thanks sir , that's interesting play of human psychology.
sir Up move from 5294 as seen by me
from 5294 looks like 5 wave up .
w1 5294-5330=36
w2 as flat
a 5330-5311=19
b 5311-5330=19
c 5330-5309=21
w3 is on
i 5309-5326=17
ii 5326-5316=10
iii 5316-5352=36
iv 5352-5337=15
now v is on as we broke 5352 .
After we complete this v W4 W5 should follow if the count is ok.
If we break 5336 , means w3 is done and w4 in on .
may be n-f high for the day is done
New Post Done.
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