While following the short term price behaviour, one should keep in mind the technical development of "Sept. month closing above MHEma"
Wk.R3 @ 5843, 73.6% @ 5862 & Mth.R1@ 5887 are the immediate targets.
For the day, (v)th of iiird wave would unfold @ the open to be followed by the "iv"th wave (Since (iv) was of 28 points, iv could be more than that.)which could take the rest of the day.
Having this study, the price structure as it unfolds may be followed for any deviations.
Wk.R3 @ 5843, 73.6% @ 5862 & Mth.R1@ 5887 are the immediate targets.
For the day, (v)th of iiird wave would unfold @ the open to be followed by the "iv"th wave (Since (iv) was of 28 points, iv could be more than that.)which could take the rest of the day.
Having this study, the price structure as it unfolds may be followed for any deviations.
105 comments:
Good morning.
Good Morning Ilango Sir and Friends
Bank Nifty Update: CLICK HERE
good morning ilango. "For the day, (v)th of iiird wave would unfold @ the open to be followed by the "iv"th wave (Since (iv) was of 28 points, iv could be more than that.)which could take the rest of the day."
thnx for this guideline - what are the approx. targets for both these targets? pl. guide
Dear Ilango,
For context, can you also post the sub waves of B on weekly chart?
Many thanks,
Brad
Good Morning Ilango Sir and JN Friends
@ Janak,
Master has already provided hints as "Wk.R3 @ 5843, 73.6% @ 5862 & Mth.R1@ 5887 are the immediate targets"
Good Morning Master and copy to All
SGX Singapore Nifty
As on 05-Oct-2012 08:18:04 IST
5847.0 +16.00 +0.27%
Good morning Gurudev, Dinesh sir and friends
R/Ilango Sir Namaste n Namaskaar 2 all reader's.
Namaste Ilango Sir and JN Family
Good Morning Master & Friends
Good Morning Ilango Sir and All
Have a nice trading Day
Happy Trading
Good morning master and all JN friends
Master kindly correct the Headline in Stock Wealth Blog :
"BN, breaking out of the flat correction, has 10750 min.target with next res. @ 10975".
Off course it is 11750 and 11975.
Regards Always !!!
TCS Chart update: CLICK HERE
Start day with Morning Prayer
http://www.youtube.com/watch?v=6Lvp9JZuYHU
Namaste Dear Master and all friends
have a nice day of trading
good morning master and blogmates
@DR
nice start!
thanks.
good morning master and all friends.
HA open for today is 5743.57
thanks.
@ Parimal ji,
Does Tata steel qualify for an inverse h n s pattern on day chart ?
Raghavendra
Good Morning Ilango Sir and Blogmates
Raghavendra
yes it does. price is at a crucial level for possible breakout on daily chart. it has strong resistance at 200DMA at 422. if it crosses this second resistance, institutional buying will emerge.
let us see how it unfolds
thanks
Good morning master & JN family
Have a nice day !
Good Morning Ilango Sir, seniors and frnds.
Master ilango and friends,
Good morning to all
Regards
Dinesh Ji,
SSA
Regards
As per ATR Based trading signals
Buy Zone : From 5754.6 to 5738.1
Breakdown below : 5734.8
Breakdown target : 5716
Sell Zone : From 5820.6 to 5837.1
Breakout above : 5840.4
Breakout target : 5914
NiftyRange
Namaste Ilango Sir And All.
NF, BN , defty open high Same
Sensex open low same, so far
Today open high same in Nifty spot and Nifty future
Good Morning Sir & All Friends
Namaste Ilango Sir & all members.
Good Morning Family
GM Everybody
Mynac Bhau,
Good Morning sir ji
☺☺
jai hind master dr sir n all
Is it enough for the day ?
Initial High volume trade of QTY 46,6,37,199 (Biggest) @ 5811.90 and Nifty drifting sharply up to 5778 with almost 5 lac addition in NF when put writers look silent today...
CNX Midcap Index flat at 8001.
immediate Resistances: 8020, 8260, 8450
http://www.youtube.com/watch?v=aeZOXbHd5og
iiird of 5 done @ 5815(alt.5)
Retrace for 5716 to 5815 are:
38.0%-5777
50.0%-5766
61.8%-5754
Bulls worry below 5754.
iv was expected to be more than 28 of(iv). Did so. More corrections-time wise.
If alt.5 done, more falls.
Sharp correction from opening- Any reason?
Dear bb,
Don't know whether Market shall show further new top or not,nevertheless it looks all good news are factored in price is assumption.. let us see..
Sir Ilango ji goodmorning
GM Dear parminder...
"5760" is channel bottom.
Break would lead to more weakness.
21 Hr Sma @ 5750.
34 Hr Sma @ 5730.
Remember "5743".
It's general observation that after xyz run up when market starts to slide with addition in NF on downward side,thereafter it becomes tough for Bulls for the day to lift Nifty beyond High volume trade like earlier, too easily... Thanks everybody.. & Bye...
Good morning master i am new this blog i trade JNSAR only last three months.but the 1at lot entry and exit point not traced-out due to lack of knowledge.on 03-10-2012 i brought at 5760 and booked @ 5820 on 04-10-2012. but you r holding this lot.so if posible kindly give me message at your blog 1st lot entry and exit points for new members
If "no new lows" made for the next hour, it could be assumed as a "flat correction or a triangle" is underway in "iv"th wave.
Breach of 5743 would mean "a top" is in supported by 9 day rsi -ve div.(Only EOD could confirm it).
In that case, keep the 5216 to 5815 retrace handy.
luk at that spot low 4888.........................................
@ saptharshi,
Read the following write ups and get fully familiar with the "SAR method of trading"(SAR=Stop And Reverse); Once done, you will need any other assistance or guidance.
JNSAR- a SAR Method
JNSAR for Options Trading
JNSAR with TT
JNSAR for good gains
what is that on google finance ///// it is showing 5625
UPS BANKNIFTY SPOT WHAT IT SHOWING????10043
what happened to BN, it is showing 10043?
spot still at 5625................what is this
Clap ur hands
there is some problem in BN & Nifty Spot data
Whatz wrong
Yea,,,
@DR. sir why nse do this after some months......??????
Is this the "teaser" for the big "C" to come....????
Prince
Trading nahi assan galib aag ka darya hai or chal kar us paar jaana hai
@ Sir Lol
almost all nse index is down? cnx it by 738 pts and frozen
There is somethoing wrong with Nifty exchange....all sources are displaying 5625.60 and prices are not changing any more. Looks like there is a shutdown of NSE. But BSE is fine.
TECHNICAL ERROR IN EXCHANGE....
Whenever there has to be something FISHY NSE does these things once in six months
@dr sir some times they do with nf n take all stoploss orders........thanks to jnsar
CASH RATE IN NSE FROZEN ... EXCHANGE ERROR...
THIS MASSAGE IS SHOWING MY TRADING SYSTEM
Time to try long straddle
Look at sensex its just 0.51 percent downSo there is indeed something wrong with NIfty only..
sounds like meltdown of NSE software .and .automated trading has crashed it.
there is something wrong in Indices BN Nifty etc.
CNX Midcap is fixed
05/10/2012 10:00:56 : NSE has halted trading due to uncertain reason.
Sharekhan:
NSE has halted trading due to uncertain reason
"NSE has halted trading due to uncertain reason" message from sharekhan.
It happens only in India.
@All,
Friday is operator's day.
a level to but nifty options. but so sad I do not have any money, all is already deployed ...:(
From past few days... bull rally was going on at bullet train speed.... and it run so fast that it crashed exchange also...break hi nahi lagi...)))))
I mean a level to buy...
DR sir Sensex = 12,000 aaj hi dikhaoge kya...
@ DRSir
I Squared off all my positions seeing sudden spike down .....
When it reopens ...do we expect heavy buying ?
check the ns volume HVT @ 9.15AM OF 4 CR & 66 Lakhs and 7.44 lakhs @ 9.50 with a low of 4953.55 and @ 9.51 again a 7.88 lakhs from a low of 4888.2 to close at 5625.6
sensex is working
-118 now
what is coorect low of today?
It opened man ...
started
ns 5731
I'll give 5 minutes for the restarted "Cash mkt" to resume "Update-I"
Sharekhan:
NSE cash trading resumes
yahoo charts distorted
hello Everyone
ICICI direct is showing low for the day as 4888 is this correct???????
numchar
better to take off for one day
mkts are forever
Looks like someone placed a very large market sell order. What is commonly knpown as fat thumb in US.
Dinesh ji,
SSA
Regards
☺☺
IT.Bn and NS charts showing distortion
but midcap index charts intact
nse site showing ns, low=4888.2
Good idea DR Sir .
NSE shows todays spot low of 4888... scary
Hi Sir,
How do we find that c has begun or we will have one more leg up of B till 5950-6000 ( expecting corrections till 5450-5500).
ns in green now
fast recovery
woo 5807
http://www.dw.de/image/0,,6364598_4,00.jpg
As I had said it was a buying opportunity in Nifty CE. Nifty 5700 CE of current month was quoting at Rs 135 aroung, now at 154. I just missed it for the lack of money :-(
it happens in US S&P very day, this kind of freak trades, they are actual trades( atleast in S&P and nasdaq ),
The traders there call it Pin bars and generally pin bars are tested/ tagged
going by that LogiC, some time in future we will tag that low...
Straddleee
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