Namaste Ilango Sir & all members.
@Deepak PintoI find your comments quite clear and concise; easy to understand for non-EW guy like me :) Really appreciate your contribution to the blog...
Maruti has completed a probable 5waves at 1497 and now consolidating forming a bullish flag for last 9 trading days. a breakout may take it to higher levels.
HOUR SUPPORT RESISTACE CHANNEL 5875-5871-5859-5826-5788-5760NIFTY HAS COME IN THE HOUR CHANNEL AND 5875 HAS BECOME THE RESISTANCE. ANY GAP UP TOMORROW WILL TAKE TOWARDS R1 AND THEN R2.CONSIDERING NIFTY HAS COME IN THE HOUR CHANNEL, IT HAS SHOWED LITTLE WEAKNESS. WE CAN HAVE SHORTS BELOW 5875 FOR THE INTRADAY TRADE, BUT FOR THE POSITIONAL WE WILL HAVE LONGS ONLY (AS LONG AS IT REMAINS ABOVE THE WEEK JNSAR HIGH)Posted by Shradha Saburi at 05:02
@SAM... Regarding STER I think its in the 4th wave.
My Dear JuliusGood MorningSBI on a bing above 200DMA.
@Mr.Parimal,Yes. I don't have any derivatives right now. only small qty of stocks. Not Bad. :)
@parimaljiTatacommuncation taken support from rising longterm TL drawn from 166 in a daily t/f. resisted at TL 240. need your expert view. will be right back after sometime. i could not see your email. please mail me on my mail.thanks a ton.
FDI voting Today or Tomorrow?
@Parimal:Sent you a mail in your rediffmail yesterday. Please check and respond when you have time.RegardsBB
Hi Ilango Sir,I'm a silent follower of your blog. I really appreciate the way you're helping people to understand the technical aspect of market. I'm trying to understand the concept of JNSAR. Can you please post the links to understand the same. I read the links in the top right hand side of the page which seems aren't detailed. Please help
http://vix.co.in/indiavix/live-chart/Sir, VIX raising will stop further rally??? time permits.Julius - think today...
Today Indian Parliament will debate and vote on Bill of 51% FDI in retail. BSP is bargaining with Congress to vote favouring the said Bill. yes My Dear BB, shall check mail
VIX might be increasing because people are trying Long straddle before FDI decision.More people buy options, price of PE and CE start increasing... VIX starts going up.
@ ankit,JNSARJNSAR- a SAR MethodJNSAR for Options TradingJNSAR with TTJNSAR for good gains
@Mr.Illango,Can I compile a pdf from the above links for the benefit of the new comers? Regards,
Dear Ilango Sir & Blogmates,OI Table Update at 11:00AM, VAH:5915, POC-5904, VAL-5893, WVAH:5907, Pivot:5911, VWAP:5906Writing is evenly matched in the initial hours of trade with 5900 as the target of the writers right now. Maybe another dull day of trade in the making…Thanks & Regards
Courtesy: Mr.Dinesh Rishi,The 'Aha' MomentCopyright : Sudarshan SukhaniWhen you start trading, the intiial period is a struggle. As you go with the learning process you unconsciuosly know more and more about trading but you do not realize that you know. There comes a moment, when you suddenly say to yourself "I know what to do". That is the moment of self realization.Our friend, Chandu has just got his 'Aha' moment. He writes:"What i understand is go with the trend until u stopped out or trend gives reversal."My Notes: Absolutely. You have understood the essence of successful trading. Remember that the implementation is not easy because the market does not provide a straight line to success. There are many hindrances which we should call 'whipsaws'
Morning Master & JN family,--> Ilango ji, ysday's alt opt... small B of a SIMPLE FLAT in play or done here ?
@Mr.Sanjay Jaiswal,Good Morning. Market Profile Data using hr data or daily data?
@ J.R.Julius,"Knowing what to do" is not only necessary, but along with that implementation of "what you know" is a must......Many a times it happens a trader knows the levels of trading ..... and even though cannot take entry at that level due to so many psychological other factors.
a bearsish WW pattern may develop in ns chartsnifty may move up towards 5895-5900range to form pt 5 and then may dip towards 5860 till eod or tomm morning.cmp 58785873 is supp
guess may be another doji dayclose may be near 5870
@Mr.Gauresh,Yes.. I agree.. To Implement, Knowing without confusion is must. If one Knows without confusion, there is no hesitation in implementation. :D
@Ilango,The high of the day is 5887 and not 5879. Can anybody confirm that please?
YES now it is corrected Thanks Ilango
@ CDG,What you saw @ 11.19 was the 10.00AM updated TT.Then, the TT was updated with 11.00AM data afterwards.There is no correction but updation for the next hour. 10.00AM high remains @ 5879.Each post is updated once for the next hour.
My Dear Amnpatelwas out for some time.Tata Communications at present is below 200DMA (233)-- CMP 230, and all major indicators are pointing downwards. so this counter may see some correction.
Julius - "implementation" of a work should be a "completion of a HW" but the HW should not be a "Conjunction" of many..if conjunction of many we will get 'confusion of many". so v should be with "ambition" with our "position" especially with "option" that too with "caution" without any "imagination" so that there will be obvious "attraction" to the "situation" for the nifty "operation" hehe lolz :) just a time pass pa..PS : Totally i made "pollution" as usual :D
@Shradha Saburi,Can we have comment in small letters?
BN supp 12130cmp 12150may make sharp upmove after 12noon
Dear Ilango Sir, in intraday charts. what is the ideal time frame to label the EW counts, Triangles E.D?, like 15,20 ,30 0r 60 min? Also during the Contracting Triangle in the wave B of an ABC correction what is the target of wave C on the upside...61.8% of A or A=C?.
My Dear Juliusafter learning the technicalities of the chart, market etc. comes the tricky part. it is psychological warfare to deal with the market on day-to-day basis.
“It is our privilege to be allowed to be charitable, for only so can we grow. The poor man suffers that we may be helped; let the giver kneel down and give thanks, let the receiver stand up and permit.”- Swami vivekananda
Sanpot,5869 achieved for A=C
Dear Pravindefinitely! from tomorrow!regds
Dear Ilango,In yesterday's end of day analysis, there were 2 wave counts, one on the first chart and one on the 3rd chart. Chart1 is primary count and chart 3 is the alternate count?Best,Brad
New Post Done.