Dear Shriram,As there are hurdles ahead..there are stops too for fall, is present situation...NF O.I.below 1.5 Cr.does not indicate any deep cut till it's trading above 5545..Sellers will have to press it below that level for any substantial gain.otherwise due to time decay factor only near by PE and CE would melt down...
probability of a small bullish WW developing in ns chartspath5609-5616-5603-5624
@ kRanti i want other than NSE chart for NF with VWAP
@ Illango Sir,Is this Hourly overbought correction ?If yes, then how long it could last ?
haran .. Even i require the same.. I have just got a Paid EOD charting software for Volume data / indicators .. still exploring available tools.. Will let you know details incase if you are interested
tks mynac,market chi dasha aata "shiva-sena" sarakhi jhaali ahe, aata ek khara naveen Waagh hava, disha dyayla :-)
Good Boys...http://tinyurl.com/a53xaq7My Swing Number@5626 Crossed....
Pre-Mkt View:It is the nature of the pull back and the ability to hold 5592-5607 would be critical to this "suspected reversal".Nifty made a low of 5608.
@ kRanti Yes iam interested can you mail me the details.
@ Vineet Kumar,Hour chart shows uptrend till it closes below HEma.Correction sets in when it closes below HHEma and it generally takes it toward HLEma(less 10 points depending on situations); today HLEma has given support.Hour momentum returns only on a close above HHEma again. Till then, it could oscillate between HHEma & HLEma.
This current rise from 5608 could be the (v)th wave of this rise from 5548 and it could terminate around 5543(WEma) or 5648-Mth pivot, provided it holds 5619 until then; after which some corrections could emerge for the entire rise from 5548 to XXXX.
5561->5638. Re-traced .38 @ 5608
Sure Charan.. Mail Id?
Thankyou sir for your detailed reply. I always copy paste your important points for future to understand them better. Thanks again.
30t/f fib clusters made me to Re-Think about Mr.Illango's Words after watched, "suspected reversal".
Dear Ilango Sir & Blogmates,OI Table Update at 1:00PM, VAH:5622, POC-5605, VAL-5588, WVAL:5594, Pivot:5607, VWAP:5630PE writers still in command, but they have mellowed down from what it was at morning, 5500-5700 the bigger range till expiry and Nifty exactly in-between…Thanks & Regards
Namaste Ilango Sir and JN Family
Will BNF manage to move above and sustain 11571 on hourly basis to move up?
sirAs the market is taking its time, i have this silly questionare fib levels a self fullfiling prophecy by tradersor are fib levels relevent because they are the rule of nature and herd behavioror fib levels a traders psychological levels to comfort oneself or to take action with no relevence to the market. i will appreciate ur views on why of the fib levels
Positive crossover of 21HrSMA and 34HrSMA if held on closing basis would be watched closely
NIFTY SPOT 50 SMA -5642
@ deepak pinto ,Fiboonacci study is quite relevant if you could spot tops & bottoms to 80% accuracy.It is possible with EW study or channels or certain TA indicators like rsi/stochastics.Fibo keeps your nerves calm while accepting certain amount of retracements as part of an upmove or downmove.Fibo study helps you understand the weakness/ strength of a market based on % of retrace.And the list goes on.....Mkt comprises of "herd" which includes you & me. But if you can manage to keep your head above the herd, you'll see the direction the herd is "likely to take" and that is "edge".
Fibo keeps your nerves calm while accepting certain amount of retracements as part of an upmove or downmove.helped me protect my jnsar longs today
Sir,Upto what level a correction from 5648 would be bullish
RajanIlango said...There are two retracements @ work for Bulls:5604 to 5638. (5611 is 80%)-Above 5611, bullish.& 5581 to 5638.(5592 is 80%)Below 5592, weak.November 22, 2012 10:55 AM
New Post Done.
Mkt comprises of "herd" which includes you & me. But if you can manage to keep your head above the herd, you'll see the direction the herd is "likely to take" and that is "edge". Mr Gauresh can add to his Quotation Book adding two more words "with the help of TA" i wish if this can be captioned on the top of this blog because this is the ultimate objective of TA