Day Trend is UP above 5348(5DEma) & 5365 (Channel).
Hour trend is down without momentum.
A close above DHEma alone can change the ST bull structure.
Strong momentum is needed if the price needs to stay within the channel.
"Divergence Traders" have spotted a -ve div developing in day charts, suggesting a "Sell on rise".
Rising 5400CE would cap the ST upsides unless there is a change.
Hour trend is down without momentum.
A close above DHEma alone can change the ST bull structure.
Strong momentum is needed if the price needs to stay within the channel.
Rising 5400CE would cap the ST upsides unless there is a change.
39 comments:
Good Morning Ilango Sir and Friends
CNX - IT and BANK NIFTY Updates: CLICK HERE
Good Morning Ilango Sir and Blog mates.
Sir, along with the negative Div, the Mid Cap index has failed to rally with the Index. Bank Nifty and Metal Index also showing weakness indicating a Short Term Correction.
Goodmorning Family :)
Good Morning Master & Blog mates,
Trend - UP
August month is been narrowest month 70% of times in last 17 years. Its an opportunity for option writers, and warning to option buyers.
- IIFL Research.
Today's View :-
http://imageshack.us/f/3/17aug2012.jpg/
Happy disciplined trading to all.
Have a nice day!
Good Morning Master & Friends
R/Ilango Sir Namaste n Namaskaar 2 all reader's.
yesterday was a NR7(narrow range in last 7 days) day. so careful with longs below yesterday low.
Good morning Ilango Sir & all blogmates.
Rgds
Saravanan
Goodmorning sir and JNfamily .
Have a nice day
Master ilango and friends,
good morning to all
Regards
☺☺
Namaste Ilango Sir And All.
Namaste Dear Master and all friends
have a nice day
jai hind master n all. dr sir get fit
To all the Eternal Bulls Greetings on this Day of Bail Pola----Cultural Festival in Maharashtra where the farmers rest their Bulls and are worshipped.
Today should be the Bail Pola in the markets, hope the Bulls will listen.
Dear Friends
please help me understand this simple fact:
most of the times, DIIs do just the opposite to what FIIs do?
yesterday (and all days of August) DIIs net bought in large quantity while FIIs bought for a small quantity.
thanks
RIL (future quote) closing in on previous high 847 made on 12.2.12
Good morning master & JN family
Have a nice day !
O & L same.
Next req. is ORB break.
Low critical for bulls.
failure to cross NR7 high 5390.25
Nifty spot....currently crossed CAM H4..53181.....but at BB..so will wait to come it at 5 MIN MA ..approx..5377 and then if again hit CAM H4 will GO LONG forR INTRA for TGT 20 points
@hari & cool
today it triggered with open ..
SIR I LANGO JI GOOD MORNING
or will keep watch on HEMA
PS
Yes. I didnt exit yesterday.
Good morning Ilango ji and friends
ok cool, congrats to u :-)
blockbuster film..ek tha bull... i mean ek hai bull
ORB broken and NR7 also suggest buy with channel support 5265 as per pre-market. waiting for close above HHEMA.thanks.
@ Piyush Sharda
I exited yesterday on seeing negative crossover. Today took long again
Namaste Ilango Sir and JN Family
NIFTY SPOT..5 months high...5390....very imp...
Birthday wishes to Sarvanan ji and
Kumar ji , oh yes it was yesterday.
even i did same hari but cool is champion..
PS and Hari
I keep a tight SL of 20 points after entry.
Good Morning Family
Good morning Master & seniors
Piyush sharda ji
In hour charts , is it not more appropriate
to keep stochastics setting 35 ,3 ,3 rather than 5,3,3, as the signals in the latter one may
be fast and sometimes misleading.
New Post Done.
@rajan malhotra
there 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
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