Trend is down in "Day & Hour" with Week in "sell on rise" mode.
Global positive cues could produce such a "rise".
There are 3 possibilities at work.
1st, the simpleat one being a "simple retracing bounce for the 5714 to 5636 fall @ 5675-93" and then the resumption of downtrend. Hence, watch this zone.
2nd, a bit complex with a triangle developing in "b" wave with a resistance around 5705.
3rd, would be more bullish retracement to 61.8% 5747.
Just as 5600PE provided thus far a "double bottom" @ 5736, 5700CE could provide the resistance.
Trading the support & Resistances is the foremost successful trading strategy.
Global positive cues could produce such a "rise".
There are 3 possibilities at work.
1st, the simpleat one being a "simple retracing bounce for the 5714 to 5636 fall @ 5675-93" and then the resumption of downtrend. Hence, watch this zone.
2nd, a bit complex with a triangle developing in "b" wave with a resistance around 5705.
3rd, would be more bullish retracement to 61.8% 5747.
Just as 5600PE provided thus far a "double bottom" @ 5736, 5700CE could provide the resistance.
Trading the support & Resistances is the foremost successful trading strategy.
33 comments:
R/Ilango Sir Namaste n Namaskaar 2 all reader's.
llango sir , Good morning
sir, today jnsar is 5691. filter is required to today also ?
Good Morning, Ilango Ji
Good morning sir and all friends,
HA update
HA open for today is 5678.62
gm ilango sir , all my dear seniors and frends of the blog
for dear master/seniors & friends,
http://www.youtube.com/watch?v=cX73IV2b700
Goodmornig ilango sir
and blogmates
i having a some problem in posting a comments from my PC
so post this from my mobail
their is something in chorm browser or blooger problem. I dont know
plese help me
Namaste Dear Sir and all friends
have a nice day of trading
Master ilango and friends,
Good morning to all
Regards
Good morning Master and Friends
Namaste Ilango Sir And All.
@ Arun Kumar Sharma,
Applying the filter, "Whipsaws" have been avoided on 3 days recently.
"Not closing above JNSAR" too has helped to retain JNSAR shorts.
1st & 2nd scenarios stated above could be managed with a "filter only".
Sir Ilango ji good morning
Good Morning Ilango Sir and Blogmates.
Good Morning Sir & All Friedns.
Good morning Master & JN family
Have a nice day !
regarding HA indicator (HAdiffCO-MovHAdiffCO) posted on our group. have a look.
thanks.
Good Morning Ilango Sir & JN Family
Goodmorning master and all JN friends
Great summary as always from master.
Have a great learning and earning session.
Good Luck !!!
initial high volume trade is 5680
Resisted @ 5684
Hi Goodmornig ilango sir
and blogmates
i having a some problem in posting a comments from my PC
so post this from my mobail
their is something in chorm browser or blooger problem. I dont know
plese help me
Is the first scenario mentioned by master in play..need to wait for some more time i guess..
Good Morning sir & all blogmates,
My understanding from chart is that we may be in a very short term uptrend and after the uptrend there is definitely a downtrend waiting.
Is it right sir?
@cahauhan mufo
there is no problem with chrome, i am using it. try after deleting cookies and history in your setting.
@raman perumal.
Master has explained all the three possibilities mentioned in the chart in his description. Go thorugh it once again for more clarity.
Namaste Ilango Sir and JN Family
Highest Intraday addition till now in 5500 put is above 8.88lacs - does it mean that 5500 - is the next support?
@satheesh
agar 5500 support hai to 5600 tutega bhai ....the tgt of yesterday chart c...5584-5536.
In downtrend(Day), golbal cues have mostly given a selling chances.
Holding the current low & 5651, Nifty could bounce towards another high @ 5688-91 or the 2nd scenario's 5705.
Only a move past 5714 would signal "some" strength.
Master and all blogmates
Happy Navrathri and Kaveri Sankramana. If anyone is interested in visiting Talakaveri (holy birth place of river Cauvery) and Madikeri city (known for its own natural beauty)Coorg dist,Karnataka state.please do contact me i will guide u. Also Madikeri is famous for Dashara festival
Ilango- how do you see Bharti Airtel charts- please advise.
@DR
so jao yaar....thoda nichu jaane do...
(just joking)
did u try that norton link? i found that u can use it for both your PC.
thanks. thodi si zappi lelo..!!!
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