@Mr.Sandeep,Nifty Spot Camarilla Now - Scenario 2H4@5607 ↑H3@5590 ↓
good afternoon master and blogmates
Irregular correction after 5600 high suggests of "underlying bullishness", holding above DLEma.
huge addition in O.I in 5500pe and 5600pe aaj kya iraada hai nifty madam ka???
s4s ji, pl may i have yr mail id.thanks
the setup seems to be forming for a possible JNSAR trigger of BUY for tomorrow (5635)
Hi Cdg, might be u r right but master has still not removed c5 which is near 5500 on the charts so till then ?????
julius ji, ns can c 5560
Very frustrating move,,,trailing the longs...
if ns <5583
Dear shriram , is there still a possibility of irregular flat wave 4, having completed at today's high ? a being 5559-5612, b 5612-5548, irregular and c 5548-5602 completed or still can go further, if this is so it has bearish implications correct ?
small WW trgt done near 12.30now small bullish WW developing trgt 5597 near 1.30
correction, a being 5549-5612
sirAs per ur wave count a large c wave looks complete at yesterdays low.this c would belong to Abc of the larger 4th wave correction of the impulse started from golden ratio of the entire fall from 6338 to 4531. the wave up from yesterday low to today open 5548 to 5582 at the open exactly retraced 61.8 at 5561and then broke the open of 5582. so is it a conservative buy at 5582 with a sl of 5561.
if any strong intraday bounce has to come near eod then ns will have to retest 5576 levels again and then move up
@ Deepak According to the premarket table, a conservative buy can be initiated above 5585 with 30 point SL
Dear Ilango Sir & Blogmates,OI Table Update at 1:00PM, VAH:5592, POC-5576, VAL-5560, WVAL:5594, Pivot:5585, VWAP:5597The PE Writers are back and a base seems to be in place at 5500, and now vying for 5600. Bears need to move in or they will have to sit out :)Thanks & Regards
A critical Hour:Weak below 5581(Channel support-5548 to 5602 rise)& below 5576-61.8% of the rise.Any more correction would postpone the reversal....
GA sir nd friends 8 days fibo no. downtrend over. if not reversed today then it may try for next???as usual foolish thought.PS : 2 pm candle abv 89 may invite....as usual thinking on my own it will close there :P http://www.youtube.com/watch?v=S7Ca6bPQc_E
@Sujatha,As per my data 5626 Should Cross.Dropped all.Waiting for 5620/5548.
@Sujatha: Why till 2PM? Any specific logic or is it because today is Wednesday?
@Julius: Is it a no trading zone for you?
Julius - yeah..excellent one..anyway rajini is rajini :) ayya edhu pannalum style-than :DRajnikant can make calls from his iPod to his iPad…!!! When GOD is shocked he exclaims “Oh my Rajnikaant!”rajapvt - r u tamilian??? then என் வழி தனீனீ வழி எப்போதும் ஏடா கூடமா யோசிக்கிறதே வேலை ரொம்ப பெரிசா திங்க் பண்ணாதீங்க hehe :)
--> backHi chetas, Yes , almost a NORMAL ABC flat actually shud end @ 5616 MAX to max,C.4.a 5549 5613 64 C.4.b 5613 5549 -64 -100.0%C.4.c 5549 5616 67 104.0%Anything beyond c= 104%x a, i.e 5616, will be seen as a New wave..cheers
@Sujatha ji: Keep market UP
5597 bullisWW trgts nearly achvd at 1.40noonnow may again dip towards 5576-80 range to form pt5 of another bullish WW pattern developingtrgts abv 5608 but will be tommorow
Sir ,Is 34 hour sma not 5606 fot 1 pm closing?Regards
raja - if that protect it will give 615/622/41/50 it's not the rule "in non-trending market" like this. but i am on this view nd expecting if the low of 5549/74 protects :P
@Sujatha: Targets matching, waiting for the same...
prem in nf have increased in anticipation of good upmove tommorow
@ Lakshmi,34 hr sma for 1.00PM close is 5600.81.I have marked 5597 on the chart because it is falling by 3 points and posted the 'developing 34 hr sma for 2.00PM close".
Waiting the algo boyz to take charge...
Thank you Sir
Wipro and Ify are ruling above 34HrSMA. both look firm. so also TCS should be (i have no chart at hand)
Trailing SL for longs should be 5592.
New Post Done.
Hindustan Unilever has made a positive divergence yesterday on daily chart at 520 by Stochastic and Macd indicators. RSI9 is above 30% indicating positiveness. 100DMA as immediate support is at 510. today this counter has gained 5 points so far.