Nifty found a short term bottom @ DLEma(5168) and has reversed the weekly trend to "UP".
Earlier, it had reversed from a low of 5033 and maintained the month's Up Trend.
EW study has contributed immensely to follow up on "prices unfolding", using the most elementary 12345 and abc. These fractals of "12345 & abc" would repeat in each cycle and form the building blocks of larger moves. Following the prices in this way, one would be alerted when the chain of such unfolding fractals break or complete a logical top.
"5197-5203"-holds month/week/day pivots, staying above which Nifty would challenge:
Firstly 80% @ 5286;
Next, triangle resistance @ 5305;
Finally 5349....
Its ability to close the week above WHEma is crucial for a sustainable rally (which lacks momentum presently due to their closing below HEmas) while holding the "pivots" mentioned earlier..
Also watch the FII data & OI tables consistently to feel the undercurrents.
Earlier, it had reversed from a low of 5033 and maintained the month's Up Trend.
EW study has contributed immensely to follow up on "prices unfolding", using the most elementary 12345 and abc. These fractals of "12345 & abc" would repeat in each cycle and form the building blocks of larger moves. Following the prices in this way, one would be alerted when the chain of such unfolding fractals break or complete a logical top.
"5197-5203"-holds month/week/day pivots, staying above which Nifty would challenge:
Firstly 80% @ 5286;
Next, triangle resistance @ 5305;
Finally 5349....
Its ability to close the week above WHEma is crucial for a sustainable rally (which lacks momentum presently due to their closing below HEmas) while holding the "pivots" mentioned earlier..
Also watch the FII data & OI tables consistently to feel the undercurrents.
31 comments:
Namaste Ilango Sir & Blogmates,
Bullish: Nifty saw a weak opening, but the Bears were unable to hold onto gains and let the Bulls take control......; Option Analysis for 03-08-2012
Yearly, Weekly & Monthly Profile Charts and Values
Dedicated Site for Option Open Interest
Duplicated at Wordpress Site
Thanks & Regards,
Sanjay Kr Jaiswal
Good Morning Ilango Sir and Friends
NIFTY and Reliance Industries Update : CLICK HERE
Good Morning Master & Friends
R/Ilango sir Namaste n Namaskaar 2 all reader's.
SIR ILANGO JI GOOD MORNING
Namaste Ilango Sir and fellow bloggers.
LV
Namaste Ilango Sir And All.
Good Morning Ilango Sir and blog mates.
Good Morning Ilango Sir & all Blogmates.
Rgds
Saravanan
Namaste Sir Ilango and all friends
May the Lord grant us Integrity
have a nice day
Goodmorning Family...
sir ji,
good morning.
please if possible conduct webinars on
various topics over span of time
and the registered participants can be
charged.
i expect about atleast 100/150 participants to
register for your webinar/s
please consider my request
thanks
Good morning Master and friends
Good Morning Sir and dear friends.
Have a great new trading week.
On a lighter note,
Do you know that Saina Nehwal's opponent retired hurt and yet it was not surprising for Indians why???
Because she was "Made in China"
Dear DR Sir,
What can be taken as the correct opening price of BN?
Namaste Ilango Sir and JN Family
Good morning master & JN family
Have a nice day !
If anyone has the "hour data" for SBI for 01st Aug.2012, send it to me.
Due to gap-up of 50+ points market will remain in a small range for rest of the day. Some correction towards support levels 5207-5237 is possible if resisted at 5280.
Support & Resistances for the day :-
Support :- 5207-5237
Resistance :- 5280-5305
Current Trend :- UP
Strategy:-
Initiate long near support area with small SL.
Happy disciplined trading to all.
Have a nice day!
mailed sir
SBI 1st Aug
o-2033
h-2041
l-1974
c-2007
thanks
Thank you, Cooldent for the data.
Closer to our first target....5286.
Supports:
Day's low-5261
Earlier high-5246.
You see greener world ( across all indices ) today !
Good Morning Master and copy to All
Lakshmi
BN open & low is 10426.75
Sir, Rising Wedge on 2 min google chart.
@ MASTER
Mail send
New Post Done.
Thaqnk you all..for the data.
sbi-spot data ason 01/08/2012
time:o:h:l:c
10:2010:2033.65:2006:2020
11:2024.45:2032.45:2015.95:2021
12:2024.4:2032.45:2015.95:2021
1:2021:2043.8:2020.65:2037.3
2:2037.95:2040:2020.2:2035
3:2032.2:2038:2020.2:2035
3.30:2035:2037:2028.35:2033.4
Dear DR Sir
Thank you.
Suresh
Is there a way to get hourly data from ODIN ? If not, pl advise from where can we get it ? Thanks
SN
Post a Comment