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Good Morning Master and Seniors.
Weakness below 5660.Hour channel resistance @ 5688-91 zone.Coincides with JNSAR & 80% of last fall from 5698 to 5645 of yesterday)"Eventful day" would invite volatility.Averages table shows, "above 5680" strength & "Below 5664" weakness.
Thank you master.
GM sir nd friends :)OK.. back to 67 again??? :P all in the tongue of Subba-ji.Doubt - only CRR cut means what will be impact? CRR + REPO cut means wat will be impact?? If no rate cut what s the impact? hehe timepass friends still v hv time to go for "action movie"
@Sujatha: Yes, 30 more minutes to go...
5700 PE @87, who bought 59000 quantity @82 orders?
Pure time pass, are they stoploss orders?
JUSTNIFTY bloggers R informed traders,
RBI Monetary Policy Meeting => Key meeting cues today, the RBI its monetary policy statement is anticipated and keep the benchmark repo rate unchanged though might go for CRR cut. (Official meeting is 11AM).
Just read about informed trader.A noise trader is a stock trader that does not have any specific information of the security. If the efficient market hypothesis holds, NTs add liquidity to a market while not distorting valuations.In fact, a market without noise traders will tend to break down, because prices in such a market will become fully revealing. Informed traders will not enter a market without noises, because it is impossible to profit from trading in a completely efficient market. Informed traders need the existence of noise traders to “hide” their trades and by trading on their private information, informed traders make profits. Through trading, informed traders gradually release relevant information to the market prices and together with the noise traders, they help bring the market back to equilibrium.
Dear Shriram,What you hear from your circles? I believe past 2 times what you heard was the outcome from Mr. Subba Ji. Awaiting your view.
19 orders 23000 Quantity @86 for 5700PE
raja - repo rate unchanged and CRR cut means - meaningless i feel what say???
@Sujatha: It is from CD Equities message, Whether they cut or do not cut, correction is eventual. Just watching the options orders, 5250 Quantity 50 orders @100 for 5700 CE.
Before an event, lowest volumes in nifty for last 3 months. only 18lks traded till now.
Sujatha, looks like Amit ji will be joining shortly....
Trading above 5680 important level.Averages table shows, "above 5680" strength & "Below 5664" weakness.
New York Stock Exchange closed!This is the first time in 27 years the stock markets have closed for a full day due to adverse weather.http://www.bbc.co.uk/news/business-20120344
Resisted @ Hour channel-5688-91.
Julius - situation song - annathe adurar othikko, othikko thennattu vengaithan othukko othukkko. yeah.. exchange may be closed today tooTA - he may show his head nd go
Put buyers won and enjoying... Market corrected...
sir if possible 11 am tech table update many thanks
range not broken??
"Support & resistance" Trader would have traded quite well the "5630 to 5690" levels in just 10 minutes.Below 5630, weakness would continue.
patel - ji - i believe it will not break upto 2morow (month end) 625/20 should protect let us see
Again Jnsar on the right side...
@Sujathabelow 5620 now will 5604 protect t/m? still premium is good.
NEWSALERT: RBI cuts CRR by 25 bps to 4.25%Keeps key rate unchanged BS Reporter / Mumbai Oct 30, 2012, 10:51 IST
A big JNSAR trade at last. Lets see how far this would take us. Last 15 days have improved my patience by many fold.
Thank you master and Regards Always !!!
Hahahaha how beautifully Support and resistances works, high made was 5689 (as ilangoji already mentioned)
so Far nifty got support @ 34DEMA 5616
ilango sir - sharing my experience master confirmed that we are in 4th wave & the range also not broked so as a jnsar trader i waited for eod closing most of the times & had only 2 whipsaw....hope my blogmates also think that way if it helps.thanks alot !!!! master please guide if i did right or wrong.
@yash n dhan like you this time thanks to jnsar i think i also become more patience.....
@DR ji and Sharekhan TT usersIn banknifty futures, I think the volume data is erroneous. With such momentum no volume spike, this was the problem yesterday as well during intraday, but for yesterday now we have correct data. Please confirm from your end@SujathaHurricane Sandy strikes Mumbai! :D
patel ji -that's very good no. 5603 this hr am expecting atleast 42/45 level to close this hour. if not gate for 5555/40. but once 625 break is weak only :P :( but as usual with 20 pnts policy giving a chance for nifty 625-20 = 5605 deadline. let us see
@DR ji and Sharekhan TT usersGetting volume data now, could be my net issue :(
Remember, "earlier supports becomes current resistances."(Also earlier resistances would become current supports)Earlier supports were in the region of 5634 to 5651.
@ AJEven i faced this Volume glitch yesterday and also not working well today. i had sent feedback in this regard to the TT team but no response yet.Temporary solution is to switch back to the basic version till this is fixed as i have done.http://www.sharekhan.com/tradetigerinstalation/TTSetup.aspx
@ MasterKya baat Kya baat !!!
Last support for the day @ "5604-07" reached.A pause is likely.Below 5604,minor support @ 5590 & reliable support @ 5545.
Hi prabakar:No news from me today, only news am running around on work , on boss' diktat ;-)
Friends,Please keep an eye on Week JNSAR as well. Tomorrow is weekly closing and we might be able to learn from our observations.
...sorry my mistake tomorrow is not a weekly closing.
@DZIRERefreshing the chart is helping, but seems there is a bug with new version, it started around 10:30 today and yesterday for me in bank nifty futures. I would rather stop looking at volume :)
TA - call now amit ji for sometime let him show his head and goAJ - :) :) mm.. saturn put his chair on Subba's tongue and comfortably sitting or sat for sometime?? atleast of 625 closing this hour???
Bear or Cat?__________,-~-. _.–._.-~-,_________/ .- ,’_______`-. \_________\ /`__________\’/_________ /___’a___a`___\_________|____,’(_)`.____ |
@ Dr Sir, It looks like a baby bear.
Clapped& a small nap
38% retrace is @ 5587.
Ilango sir..on the weekly chart we hav mostly abc waves..is it possible we completed this upmove at 5815 with abc and heading downwards for bigger move??can this b one of the scenarios?? i hope we need a confirmation of weekly close below WLEMA for this...i m following it collectly??thx
@DR,Bear or Cat,They are all fat before we buy, become thinner and get admitted in general ward after we buy and expire in icu at month end
New Post Done.