★★★ Nifty Spot Intraday Numbers ★★★↑ Buy Zone/Upside : 5932-5951-5971-5990-6009-6029↓ Sell Zone/Downside : 5904-5885-5866-5847-5827-5808Intraday Numbers based on 30 Minutes ORB - Filters may be added with ORB in some special conditions - Levels Clustered using Gann angles for Trailing & Part Booking easily. Stoploss 20pts or swing sup/res in 5 minutes chart or ORB. Personal Decision Advised.
Any expiry prediction contest guys?
Namaste Ilango Sir & all members.
Namasthe ilango sir and friends,Today's quote received :Look back & get Experience!Look Forward & See Hope!Look Around & Find Reality!Look within & Find Your self.
Good Morning Master an copy to All
Good morning Family
Goodmorning master and all JN friends,December series high 5965 and low 5825.140 points range.BN breakout above 12540 should resolve the issue is my take.
Today's quote received : Look back & get Experience! Look Forward & See Hope! Look Around & Find Reality! Look within & Find Your self. December 27, 2012 10:22 AM lot of thanks Gouresh no one else can give such a nice quote here than you! Look within & Find Your self. point is noted down to remove the fear. regds!
jai hind master, dr ji, julius sir
@Mr.Shradha Saburi,Expecting Your valuable Post & Advise Regarding 'FEAR' in this Weekend. Thanks in Advance.
@Mr.Sandeep♥,Good Morning - Have a Nice Day.Jai Hind.
@ vShradha Saburi,I am just sharing the quote received from my teachers everyday.....Credit goes to my teachers ....not to me, dear.
sir ji,if stock/index is > dhema & >dhr-ema,where could the next probable tgt be ?
Good Morning Master and Friends
Dear Ilango Sir & Blogmates,OI Table Update at 11:00AM, VAH:5926, POC-5913, VAL-5884, WVAH:5926, Pivot:5902, VWAP:5913Based on OI addition till now a dip below 5900 in Future looks less, an Expiry around 5900 is the best the Option writers can think of…Thanks & Regards
HHEMA 5914 defied again this hour also.
11.00AM TT & a new chart updated.
Sanjay SirO.I in 6000ce increased by 24 lakhs till nowcmp 0.20is it indicating a buying???
sorry its 45 lakhs now
sir ji, awaiting your reply please
Dear Sir, I have one doubt... Y it cant be labelled as A: 5839 B: 5965 c: 5839D: 5939 E: 5843... Kindly reply sire once you are free
GM Master, YEsterday u said At 10 am TT shows buy, prices close above all no of Hr TA DDid u mean price close above all these nos as follow- Hr JNSAR, Hr Pivot, Hr J10 SAR, HHEMA, HEMA ?
Dear Sir .. :I saw Triangle pic .. But got more confused.. Still not able to make out y it cant be .. whats wrong if we label it that way ... I always get confuse while labeling A wave of triangle...
@ suresh,TT generates signals.And if higher numbers are available in the TT, you would find them as minor/ major resistances during an uptrend depending on technical position of diff. T/F and vice versa in downtrend.Presently, prices are almost above all the numbers.Targets are possible based on patterns or EW or fibo table."Following the prices" would lead you to higher profits, a habit worth cultivating....comes quite handy during strong trends...up or down.
movement from 5839 to 5965 also in 3 wave ... :(
Sir , Is it because we are in uptrend you are giving preference to bull market descending triangle diagram
sir ji,thank you,got my answer to the querry
@ SAM,Triangles in uptrend has start from a high point and triangles in downtrends must start from low point.Only an irregular flat correction could have a high point in its (b) wave during uptrend (For eg:5548 to 5638 was the i st wave where as the 2nd waves (b) made a new high @ 5643 during an irregular flat correction on 22nd Nov - such irregular correction gives you the clue about the impatience & strength of bulls) and low point during downtrend.
One more reason i got confused is because throw overs and false breakouts are common in E wave ... which actually happened where point D is labelled.. Please sir help me to clear my confusion ...
@ SAM,Such triangles could become a "Reversal" as well as "Continuation" patterns.Spotting them helps to understand market's mind.
@ SAM,You want to "Predict" and hence, the confusion.Follow the prices, there is no confusion.You could choose to take a bet on one of the options based on other factors such as FII's data, OI data, VIX, Tech.table, JNSAR and so on.OR Choose to "sit out" till the range is resolved with a break out or a break down.
But Sir .. as per edward and magee book descending triangle are mostly bearish pattern .. In that case is it suggested to change the preference count of triangle.. how we decide in that case which label is correct ... Sorry to bother with my questions are childish ...
@ prakashbkc ,When you get a "Buy signal" with a close above all or almost all nos in Hour TT when the technicals are "Oversold", the risk-reward is favourable.
Thanks Master ..Golden words ... It is one of my biggest mistake i keep on making .. predicting the price movement .. and burnt my fingers many a times ..
@ SAM,For Bulls:http://www.leighdrogen.com/some-descending-triangles-are-powerfully-bullish/===========================================For Bears: http://books.google.co.in/books?id=wklriRw9a1oC&pg=PA762&lpg=PA762&dq=descending+triangle+by+edwards&source=bl&ots=MUVSYOGU83&sig=CTx5orfWBnSVBRB9-ZSYMjjX_LI&hl=en&sa=X&ei=xefbULviA4m8rAeTlICQBA&ved=0CC8Q6AEwAA=======================================Allow the market to resolve it. It is critically poised.
@ master .. I was impatient and restless since many days for this triangle question ... I got my answer ... "Triangles in uptrend has start from a high point and triangles in downtrends must start from low point."Thanks .. Thanks .. Thanks a ton
WHEMA very good support since morning.....
Thanks Master again ..
Master,but if we consider 5823 as a wave of triangle and draw trend line from there, it will be more of a symmetric triangle rather than descending one.how to decide master, which one to follow..bit confusedthanking you
5900 NF gap support.....however Hour nf charts has a trendline resistance @5930--5945 levels.the triangle/falling wedge doesn't seem to get resolved in a hurry
New Post Done.
Also the target of FnP or triangle....both patterns seemingly here are giving different targets...there is some confusion in Bull camp...which may fail this pattern
Ilango, what about negative divergences on daily and weekly charts.This is first time i am seeing negative divergences not acting or may be tommorow they may show effect.What will be negation point for weekly negative divergence shown in your TA file.