Nifty found its support @ 5639 and rallied to close above DEma @ 5692.
1st Resistance would be the Wk.pivot/4 day high @ 5752 & the last LH @ 5757.
80% retrace at 5779 is the next hurdle.
There is an alt. view that 5720 may be considered as "3" and the "4"th could be an irregular flat(a=5720 to 5640; b=5640 to 5815 & c=5815-5637) and the current rise could be the "5"th wave of the rise from 5033.
1st Resistance would be the Wk.pivot/4 day high @ 5752 & the last LH @ 5757.
80% retrace at 5779 is the next hurdle.
There is an alt. view that 5720 may be considered as "3" and the "4"th could be an irregular flat(a=5720 to 5640; b=5640 to 5815 & c=5815-5637) and the current rise could be the "5"th wave of the rise from 5033.
65 comments:
Good Morning Master & Friends
GM all
Good Morning, Ilango Ji
Good Morning Master, all seniors and my friends
Good morning master and
seniors and friends.
Good Morning Ilango Sir and Friends
Tata Steel testing resistance levels: RT CLICK HERE
R/Ilango Sir Namaste n Namaskaar 2 all reader's.
Good Morning Gurudev and friends
Good Morning Sir and All..
Have a nice day
INFOSYS Chart Analysis: RT CLICK HERE
Goodmorning master and all JN friends
Infosys results in few minutes
IIP at 11 am
DCB results and HDFC Bank results at 5PM
Have a Great Learning and Earning session today.
Good Luck !!!
Good Morning Master and Friends
Good Morning Ilango Sir & all Blogmates.
master ilango and friends,
good morning to all
Regards
Good Morning Master and JN Mates
Have a Wealthy Trading Day.
Namaste Dear Sir and all friends
have a nice day of trading
good morning dear Ilango Sir , all my seniors and dear freinds of the blog
Sir
one doubt, u reversed the position @ 5714 but close is @ 5708.its confusing ,pls clarify sir
thanks in advance
Trade Tiger of Sharekhan is showing yesterday's close of Nifty (spot) at 5718, whereas others showing 5708.
Namaste Ilango sir & all members.
Good Morning Ilango Sir & Friends...
HA open for today is 5687.14
and
INFY disappoint the street(CNBC-18)
Good morning master & JN family
Have a nice day !
hi,
infosys result please .
Sir Ilango ji good morning
Sir we open below 5694 at 5681
Good morning everyone
Infosys Q2 net profit up 3.5% to Rs 2369 cr
Infy CFO bala to resign!
@Parimal and SRS Expert, the NS price at 3:30 was 5718 but as you know while one can not enter any new trades after 3:30 but Nifty exchange keeps on settling already enterd orders so the daily close is 5708 but intraday NS price at 3:30 is 5718.
Thanks Pankaj
Friends,
Chota muuh badi baat... pehle se hi maafi.
I am seeing a lot of our friends who are asking Ilango sir... what should we do now... should we go long or should we go short... Nifty closed here but then JNSAR had triggered etc etc.
Believe me, even I had such questions. But lets try to take up a trade based on what we have learnt and then see what happens... keep a small trade logbook and mention why a trade was taken and what is the stoploss for the same... and at the end of the day update your logbook.
Experience will teach you what you should or should not do. Rest it all depends on our willingness to be flexible enough to learn.
Best of everything!
As usual Infy takes the beating on result day
5679 is 50% of retracement of current rise ..
ILango ji,
Can you plz post a writeup on the Infy trade,if you saw any weakness in the charts, it had closed above 5DEMA..
Resp Sir,
As per SAR trade, sell trigger. Now at which level we can reverse our position or appropriate SL?
Namaste Ilango sir and all,
NIFTY WEEK CHART:
CLICK HERE
NIFTY DAY CHART:
CLICK HERE
NIFTY HOUR CHART:
CLICK HERE
GM SIR and friends :)
IIP/INFY/HDFC - who's gng to marry Nifty and move up further??? shhhhhh
action packed day " W W F" May God bless Amitabhji
PS : lot of shorts in INFY/NIFTY..chotta short covering is enough ..a small wishful think..mm will it come???
Ilango Sir.. I think most of the people including me are confused about what could be done in the case that happened yesterday.. JNSAR triggered but we closed below the level.. and today opened gap down.. shall we have at all taken the long in the first place & if yes then shall we reverse it today morning since we are well below the JNSAR level.. please guide sir..
initial high volume trade at 5680.
INFY Target achieved as per rounding top... Great prediction Guruji.
Over 3 Lakhs 5700CEs added in terms of Open interest. A change in bullish stance for the time being.
@Prabakar sir,
Infy Again? S/W overall senti is getting bad to worse
@Master,
Mail Sent. Kindly reply when time permits.
Thanks pankaj for ur reply
GM Everybody
@Saurabh
You have to follow the rules...20 points to reverse. If gap down or up, find suitable levels as per TT to reverse. However, when EOD price not able to close above JNSAR level or even the developing JNSAR level, especially having a day ahead with full of events, you have to use your discretion whether to take the trade or not, at the first place.Just my few cents.
Ooops, people writing puts and calls (5700), eating premium????
@karkisidd,
:) yes. But Banks may come to rescue is the feeling. Need to wait till EOD
@myac
good morning..
kuch laye ho...
Options players, play safe, exit as soon as you get some profit, don't hold much.
GM Mynac
Gud Morning Frnds
hovering around pivot.
in such a news day wait for ORB is safe.
resisting at 5DEMA.
Morning JN family!
Bulls need to maintain close > WkHiEMA > 5698 (which is also the 5DEMA)
Markets are still stable despite the 7$% Infy cut. If Infy can hold 2310-2330, this whole setup can play into the hands of Bulls as banks /metals look good
Bears will rejoice if we close below 5698
GM dear anm patel & Prabakar...
nothing special...
ORB break upside..but NF did not made new high...selling at higher level?
just hit JNSAR (chhoti si aasha)
BN witnessing multiple high volume trades.
CNX Midcap gains 60 points --7973.
RIL facing ST resistance at 822 (34hrsma.
Good Morning Sir & All Friends.
Go short from here for a target of 5585 around. Stop loss at 5705
Good Morning Family,
Option experts please reply:
5700 Call OI increased by 11.43% and 5700 Put OI decreased by 2.5% - INFERENCE????
@Satheesh, the inference is - its short term bearish.
@DR
your BN helping nifty, firmly trading above DRSAR.
thanks.
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