@Ilango38% of fibo retrace from yesterday's rise done this morning....TT all green even on hourly....can we infer that we are on course to rise above 5950, thereby invalidating the expanding traingle and continuation of the impulse????
@ Indus,Prices have been firm and no weakness shown in hour TA which is the first to start a reversal.Till Nifty does not move past 5945 or break below 5905, both the options continue.
Ilangoji,If it is indeed 5th wave, then W3 being the extended wave wouldn't wave 5 be equal to wave 1 (90 pts)
@ DR Sir Am always there on mute :)
Today's level to watch 5930. Any hrly close below 5930 indicates weakness. As already told, 5944 will be a major resistance which bulls need to overcome. Above 5950, the move will be swift. I have explained by way of chart in my blog.
OBSERVATION & OPINIONBar by BAR patterns breakot breakdownFNO 5985---59415941 is previous day last hour data.
HHEma for this Hour is @ 5934; closing below it @ 1.00PM would be the first sign of weakness.
Dr Sir !Diwali :)
5925 is 55ema supp in 5 min ns charts
1.00PM TT & Chart updated.
Dear Ilango Sir & Blogmates,OI Table Update at 1:00PM, VAH:5981, POC-5942, VAL-5903, WVAH:5907, Pivot:5942, VWAP:5966So as said in the last update, the 5900PE writers are still better off away with huge addition at 8 lacs till now. 6000 is still the resistance for the day and the series…Thanks & Regards
5900 PE OI reduced and put writers seems covering their writing of puts...
Dear ilango sir, is negative divergence developing in hourly charts?
5944 has shown its face . Cover the aggressive Shorts if no new low is made Current 5905. Hereafter 5930-5940 will act as resistance for the day. Or cover the shorts now and initiate new one later if 5933 succeed as resistance. Very difficult to tell exactly what you guys can do. I can only give levels.
If today also moves up fast, then bears even though the charts shows to sell, bears do not do it.
Resisted @ 5950, Exp.triangle top;Being supported @ 5905, Day Pivot.Weakness below 5905 & 5890 only.
Dear Sir how pivot is calculated ..
Are yaar BIG 'C' aaya kya????
Thanks Parimal bhai :)
Trading below pivot level,,,
News- Earthquake in Japan of 7.4 magnitude. tsunami warning issued.
Stockgrp: Any news alert for Nifty :-)
rajapvt, that alert already came yesterday from BSP. :)
New Post Done.