5940 is the level to watch for the day.>5940 retest of 5965-5977 <5940, 5923-5900
@IlangoSupport at 5937 holding...plus a break out day...above DHEMA.....yet momentum stalledWould welcome your views...thank you
@sai bhaktfor optionhttp://www.nseindia.com/live_market/dynaContent/live_watch/option_chain/optionKeys.jsp?symbolCode=-10007&symbol=NIFTY&symbol=NIFTY&instrument=-&date=-&segmentLink=17&symbolCount=2&segmentLink=17
@Prakashbkc,Why correlate? Treat each instrument according to its own merit.@rajapvt,I didn't exactly get the point of your euphoric congratulations. Did I miss something?
Thank you anmpatel sir.
Friends,NF went up with huge volumes but coming down with very low volume, any inputs pls?Thanks
Ilango Sir, has the Expanding Triangle turned into an E.D., the wave "d" ending at 5920/25 levels on 60 min Nfty Spot?
friends pls dont bother with my questions i exit intraday long position for now
@Sai Bhaktdont call me sir pl. only one sir here.
Nifty trading below 5940. Now , watch for resistance to hold or not. Below 5940, 5929-5900 possible. Trend reversal below 5900.
@Fire: Learning from this University and Sharing the knowledge to the other learners. I felt happy about the RSI article that you shared to all. It is enlightening the usage of RSI.
NF premium increasing, back to 40.
ok anmpatel ji
s4s sir, any ww pattern?thanks
Sriram ji Hope all is well ...If an ED from 5839 then , Current fall should be lesser than the last fall which was of 62 pts from 5950 to 5888 .So 5965-62= 5903 , preferably 80% which comes to 5915.After which again a rise of 61.8 %- 80% of last fall from 5965 to xxxx > 5903.Anything more than 5903 means -ve divergene in hour TF and Day TF has started playing out . Am I thinking in the right direction ?
@ Shriram,Your persistent ED Q led to an Hour chart with such a possibility:a=5839 to 5950b=5950 to 5888c=5888 to 5965d=5965 to .........5917-27e=xxxx to .........5977..??The above is a bearish possibility. The other bullish possibility continues that 3 rd completing and a 4th wave correction continuing. In both the cases, some downsides possible, the trigger being 5915 & 5890.
Master request for views on Tatamotor...can we rebuy at current levels???
Tks ilango ji , eyes were thirsting for these words. My Q was due to persistently high 6K CE OI :-)@smita: hi , hru, back ok ,now ?if ED, then yes, "d" shud fall only 61.8 to 80% of "b" ... rest as Master has explained :-)
Yes Shriram ji , By Gods grace .Yes Sir has explained it already :)Got to go Will be back by 1:30 2.
Dear Ilango Sir & Blogmates,OI Table Update at 1:00PM, VAH:5947, POC-5939, VAL-5931, WPOC:5946, Pivot:5940, VWAP:59825900PE writers have added huge 14.8 lacs, but most important part is 6000CE writers have not given any hope to the Bulls to make inroads above the coveted level…Thanks & Regards
5940 has shown its face now if 5925-5935 is not taken out nifty can fall and test 5900
1.00 PM TT & Charts updated.
Nifty is at hours multiple support trend lineslet us see!regds
nifty trading very similarly as on 7th decnear 5910 is also supp of T/L joining last 4 days lows
s4s sir,any WW pattern sir?thanks
now ns may move up towards 5919-5924 range
ED scenario rejected below 5905.The only other bullish scenario is "another 4th the wave commencement".
For ED followers:ED takes a long time to form with less price participation but with more time taken.The perceived "d" leg was swifter from 5965 and retraced more than 5905(80%).
@IlangoI am confused....holding above DLEMA and JNSARDo positional longs continue?
Thank you Sir.
just short of the JNSAR Short. if not today then perhaps tomorrow. After big moves JNSAR to wipsaw a little (quoting Ilango)
Shardhaji, JNSAR hit?
@PrakashbkcTake a long side with JNSar sl 5880-20= 5860.Also target pending 5977.
Dear prakashbkcTREND OF NIFTY LEVELS ALL IN SPOT FOR 11 DEC 12DAY JNSAR HIGH 5926DAY JNSAR 5869 DAY JNSAR LOW 5812VOLATILITY STOP LOSS 5820WEEK JNSAR HIGH 5825 -5835WEEK JNSAR 5685WEEK JNSAR LOW 5545 - 5535 NIFTY CLOSE 5908.90 DAY PIVOT 5906 HOUR SUPPORT RESISTACE CHANNEL 5897-5901-5908-5912-5916NIFTY CLOSED BELOW THE 5926(DAY JNSAR HIGH). HERE NIFTY DID NOT CROSS DAY JNSAR HIGH BUT DAY JNSAR HIGH CROSSED THE THE NIFTY DUE TO THE RISING JNSAR. HOUR RESISTANCE SUPPORT TREND LINES HAVE GOT COMPRESSED INCREASING THE POSSIBILITY OF BREAKOUT. NIFTY CLOSED BELOW THE DAY JNSAR HIGH SO IT HAS MAX POSSIBILITY TO GO TOWARDS DAY JNSAR (5869). SO NIFTY HAS GOT BEARISH TINGE FOR ST.TINGE WILL LAST UPTO THE 5926.SHORTS BELOW 5897 STL> 5926LONGS ABOVE 5926 STL< 5897INBETWEEN NO INTRADAY BECAUSE LINES ARE COMPRESSED.Note:If gone down always have feelings of that you are stealing lions prey from the lions den when he is feeling sleepy.upto the 5820. so chupke chupke. and chota chota. Posted by Shradha Saburi at 05:13
@ Indus,Ilango said...Having moved past R2-5938(also 38% retrace of 5888 to 5965) and R3-5955, breaking R2-5938 would be a sign of weakness.December 11, 2012 10:50 AM -----------------------------------The above observation was made considering the nature of 5th wave. If acted on such an observation, there will not be any confusion.I'm as ignorant as you. I do not know where the market is headed. Whether upmove has ended @ 5965 or whether after a consolidation, another high is likely - - no idea at all.But I'm confident of certain structures, certain triggers, certain patterns. Once the move ended @ 5965, I promptly put a retracement table. That is a cue for intraday correction.While we trade these short term moves, we'll keep our eyes on higher T/F triggers for possible larger weakness. Accordingly WHEma @5871 would assume importance in the coming days & especially on Friday.
@IlangoThank you very much.....the above is very helpful
dear sir , seniors and freinds if we are using JNSAR EOD and taking trades only between 3 to 330 pm should we consider todays jnsar or tomorows develping jnsar number or both which is best? many thanks to all
New Post Done.
Thanks Master for all ur commitment and inputs to train us for being self independent.
India VIX is up just 0.6%no sign of any panic yetcan nifty recover all its loss till friday???