reposting ...hi Anmp:If the impulsive lable is the apt representation of price..(ii) has almost done 38.2% of 5583-5777 @ 5706 today, ideally , wrt last week's GAP UP, it shud end MAX to MAX @ the 50% retrace (5680 change)Otherwise, we have the DZZ count back to 5580 ...lets see :-)
Shriramif we close somewhere around here which is above 5DEMA but still the gap of 15-17 points of the morning will remain which will become resistance. Don't you think? So either we cover this gap in next 90 mins or we close below 5DEMA 5715-20 that should be decider.....
NIFTY OPTIDX Open Interest at 2 -> CLICK HERE
Hahaha!!!!!!!!!!!Mynac!!!! nakkich warati neoo pan gadi milat nahi
@Shriramthanksfrom my sidethis hr HA open-low same 5630, stoch 8,3,3 ready to move up (not OS but near 25-30 level)but not triggered if this hr HA open-low same save can see nice bounce to OB zone.see you at 3pm lunch time. bye.
Dear Shradha Saburi,As sellers are unable to press it below 5730,it has to go only up...atleast today...
CDG,mm.. let me try to re-phrase it this way :-)as long price trades > 5DEMA & Dev. WkHi, chances of Bull trend retaining its pressure, are Higherthats the basic philo of EMA trend following...
Yes Shriram not only Basic but also simple and sweet.. lets see how it shapes in the last crucial 60 min
thanks Mynac exactly! some upward movements must bee seen today. nifty is on the doorstep .regds
@Shradha SAburi,Moda ata te dar.
Greece passes fresh austerity measures: reports
@ AllAdd to the bullish fact OI in 5600 and 5700 PE.OI PCR continues to be 0.98-1.So the equation is balanced Bulls vs.Bears.5675-80 should not be broken in my Humble Opionion.
@SSit is good news i think, is it?
Dear Shradha Saburi,The way byers were protecting 5730..i.e.5 min 34HR.ema and 30 min.34 Hrs.ema (few min.ago)it was obvious,that it wants to go up...so only was the comment..:)
ya! but it should reflect it then it will be good news for us.
@ ilango ji,Any pref. lable / change in stance based on today's price action sir ?
nakkich Nilash bhau!JNSAR सेवका वक्र पाहे असा भूमंडळी कोण आहे
@mynactwo HVT at 5740-41.....last is few min ago.....
gai bhais paani main......
Dear Shradha SaburiNF horly chart: 5hrema has taken an upturn. let us see what is in store for bullishness
5742 is a strong resistance as earmarked by the Master
Was it giving a buy in dip or sell on raise?
@rajpvt,Master said in premarketFollow the two retracements to weather the "Hourly OB conditions" to cool off while retaining the day TA which will be confirmed by EOD.There are two possibilities at work now:A. 1st of 5th done and the 2nd is on which is likely to retrace 50%.B. Complex 4th wave continues with the "b"/"X" wave done @ 5777 and "c" down towards 5600 & lower towards 5583 is possible.In both cases, there is a likely downmove unless Nifty stays above day's pivot 5750.Remember Nifty had closed below WHEma last Friday which means a sell on rises in wk T/f till it closes above it.Only hope for the bulls is the week closing above WEma & month in Uptrend.
Dear rajapvt,The second option should be prefered ,as it is written as "3)" under TT file.
@ Shriram,Till the market completes the larger corrective upmove (unwillingly....dragging its feet..,.majboorise), we'll continue to see "half-hearted upmoves & downmoves".The cruicial zone of 5683-5705 needs to support the correction for immediate upmove possibility.Failure would drag it to sub-5600.For immediate scenario: Keeping below 5763, another low below 5706 is likely by tomorrow. But these moves should be traded only "intraday" if you get those levels to trade. For eg: Today Going long levels came at open and then going short level.
Thanks @Nilesh & @Mynac. Since 5730 (earlier resistance) is protected, just got the doubt,,, will do the trade tomorrow.
Dear rajapvt,In premarket view 5750 i.e.yesterday pivot was the threshod for longs to add...Since morning it is trading below the same level...so though it is trading here and there due to various reasons,one should stick up to premarket view..
Should one see a close above 5733 DHema as a strength of underlying bull ?
Ilango Sir and FriendsIf nifty starts loosing the premium then what does it meanPremium was earlier 35 now its steadily going below 30regards Deepak
LOL.. yes sir !Nifty "majboor", tab tak apun "majdoor" :-)
NO! upward flight gets aborted.it seemsshould close above 5743 today 5742 is a strong resistance as earmarked by the Master
Ilangoji and FriendsIf opposite of PROS is CONSthen ... what is the opposite ofPROGRESS ???? CONG ?????Cheers
Again Cat on the Wall
7th consecutive green candle on charts !!!