The current fall from 5449 to 5371 may have a 5 sub-waves, though it could be labelled as "abc" too.
If 5, then it is a likely zigzag in which the "b" wave would not retrace more than 80%. Accordingly, the trading strategy would be to sell near 50% to 61.8% (5410-5419) with a SL of 80% (5435) to capture the next set of 5 sub-waves.
A fall below 5363 would be an indication of a slightly bigger fall retracing the rise from 5294 to 5449. Only a break of 5325 would lead to deeper falls.
A fall below 5363 would be an indication of a slightly bigger fall retracing the rise from 5294 to 5449. Only a break of 5325 would lead to deeper falls.
36 comments:
Good Morning Ilango Sir and Friends
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Good Morning Master & Friends,
Thanks San sir for your regular updates.
Gudmrng FAmily :D
Namaste Ilango Sir & Blogmates,
Bullish: Momentum is lost with Bulls succumbing to pressure and forfeiting the psychological level of 5400 to the Bears, but the Bears also seem unsure and closing position at 5400CE....; Option Analysis for 24-08-2012
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Good morning Friends and master!!
Good Morning Ilango Sir and Blogmates.
Namaste Ilango Sir And All.
Namaste Dear Sir and all friends
have a nice trading day
Good morning Sir and blog-mates.
Have a great week ahead.
gm sir and freinds happy trading week to everyone
Good morning Gurudev and friends
Friends please take note that SGX Nifty displaying September price
Namaste Ilango Sir and fellow bloggers
LV
Good Morning Ilango Sir & Friends...
good morning to all
Sir as the expiry is just around the corner, should we go for AUG or SEP series.
GoodMorning sir and JNfamily . Thanks for your view .Lets see what this day brings .
sir ilango ji good morning
Good Morning Sir And All
Good Morning Family
Good Morning Ilango sir, Dinesh sir and friends. happy trading. :-)
Jai
Good morning Master and friends..
good morning,seniors,
is short triggered as per jnsar..?
JNSAR TRADE HIT
Sir JNSAR TRIGGERED ?AS 5370 broken?
@llango sir 5380 spot break as per jnsar i will take short position or not?
When did 5370 break??
Good morning master & JN family
Have a nice day !
5380 is Todays JNSAR. see in chart and table also.
jnsar for today is 5380
Dear Jay Shah
today's JNSAR is 5380 and not 5370. 5370 was Friday's JNSAR number.
@blogmates,
The Jn.Sar for the day is - 5380 NS AS MENTIONED ABOVE
the nifty breached but hasn't closed even a 5 minute candle below it, which can be used as a parameter for confirmation but the number has been breached hence the Jn.sar has triggered>>>
1)if you have shorted at 5380 NS, put a s/l at 5400N.S. for reversing the position
2) if you have waited for confirmation of a 5 minute candle close, do it then and put the same s/l
No confusion--till end of day, if we get a close below today's Jnsar it would be a confirmation to take home the position, else discretion is advised
regards
discipline
Namste ilango Sir and Friends,
Today's quote received :
Confidence and Hard Work is the best medicine
to kill the disease called failure.
It will make you a successful person.
- Abdul Kalam
sir nifty after breaking jnsar 5380makes a low of 5376 now can we treat the break of todays low as jnsar shorts triggered its is currently nifty dpot at 5385
New Post Done.
Good morning! YD was also a NR4+NR7 dayalso. break bellow 5771 will be another confirmation for safe short. As such, today's pre-mkt is also a sell in 5410-19 range with sl 5435.
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