--> backTks sir... so, looking along newer lines... there is one ALT Bearish opt now.. that C.3 is done today @ 5964 ? Wavelength of C.3.5 tallies internally , i.e C.3.5 = 5549 +C.3.1(5449-5033) = 5965 ??tks
Ilango Sir, if 5875 is broken can the Exp.Triangle be valid?
all levels achieved in fact nifty gave more. now 5900 is important nifty needs to close above 5890-5900. But resistance for today 5910-5920-5930. 75% shorts covered balance holding with sl 5910
What Master says is 100% correct. Nobody can predict ST movements except initiating a trade with the levels. some you lose and some you win. I won today but may lose tom. I dont know.
dear sir , seniors and all freinds if anyone is using JNSAR trades only EOD after 3 pm can anyone please answer my query ? should we consider todays jnsar for trade or tomorows develping jnsar or both anyone can please guide many many thanks
EW followers would do well to understand the "Characteristics" of each wave namely 1,2,3,4,5 as well as certain guidelines for each of them.Breaking the channel, we labelled it "4" and could be in the upmove of the opening session.Understanding the swiftness of 5th wave, we could capture weakness @ 5938 @ which point Nifty faked a double bottom in intra moves but broke it sooner. Current scenario:The present rise from 5875 could be a (iv) sub wave of the fall from 5965 and hence I have given a retrace for 5950(ii) to 5875(iii). Alternatively, if it is an "abc" correction, it could retrace towards the high. The early indication would be breach of 61.8% @ 5921. If not, it could start to weaken from 38% to 50% itself-5904-13.
@ jay shah,If you're following JNSAR on closing basis, you must consider only the "day's JNSAR".
total O.I in 6000ce is more than 1 cr nowhuge addition started in 5900ce and 6000ce more than 15lakhs and 11 lakhs respectively intradaysome unwinding seen in 5900 and 6000pe was obvious with falling nifty
Ilango ji,Y not consider the Simpler C.3 doen & C.4 begun option in play now ?
@ N Ram,You haven't understood one bit of what I said few days ago as well as what "Dinesh Rishi" subsequently pointed out.You are still carrying on with your "Call centric activities".If a trader can not take informed decisions based on Tehnical as well as Elliott wave studies that are shared here, he/ she isn't fit to trade the markets.Either they, then, study and apply themselves more diligently ...ORsurrender their money to some "money manager" who will make merry with their money....OR subscribe to "Paid service" & follow, atleast, their orders. The trouble here is, they start having their opinions again and mess up.Would you help me to have my blog retain its principles, please...
In the morning even though Nifty was rising, CNX Midcap Index was not rising, it kept mum and then went into negative zone. now minus 110 points.
sorry extreemly sorry Sirmistake will not be repeated againMany Many regds
removed above comment as it was not correct.
Ilangoji,Are these subwaves correctly labelled -W1 -5965 - 5938W2 -5938 - 5950W3 -5930 - 5875W4 -5875 - Currently going on ..
@ shriram,It is the most simple one while in the past few days, it was distraction.A 4th wave for the rise from 5548 broke the trendline yesterday and a 5 th wave managed to make a new high @ 5965.The last bullish scenario of another larger 4 th wave would come into play when the day channel is tested...
For all those LP fans :: http://www.youtube.com/watch?v=ScNNfyq3d_w
mamy many thanks to you mighty sir god bless
"5855" is a crucial support before highs past 5900 were made.It broke once @ 5839 but Nifty climbed back above it to make this new high.Hence, holding 5855 is crucial for a bounce "at the least".
yummm....Nifty saw 100 points movement today....
5 sub-waves almost done @ Day JNSAR.
NF at lower BB on hrly chart. NF is also at 23.6% of the rise from 5565 to 5986 (a few numbers here and there).
Sir,"5 sub-waves almost done @ Day JNSAR"What next..5904, 5913, 5921 shd be kept in mind? Apologies, new to EW and going thru your write ups
@ Prabhanshu,If you're new to EW, no need to participate now. Get yourself thorough with the study and start seeing waves in the chart...prices.Make sincere attempt to remain "objective" and never "emotional". Only by being detached, could you make trade entries.
Hence, holding 5855 is crucial for a bounce "at the least". Thanks a lot Sirmany many regds
Whenever a "5" is done, market reverses direction in a 3 wave move and ifthat is a reversal, another counter "5 wave" is likely.In either case, upsides. This is the essence of it.
yup,cant agree more, tks ilango ji :-)
3.00PM TT & Chart Updated.
@IlangoDespite the many mistakes I make, your guidance is much appreciated...however, I follow JNSAR diligently and if I am not able to take advantage of intra moves, following the direction of JNSAR has been very rewarding in holding trades...I ask many questions of you, but believe me the learning is exponential...thank you for your indulgences
Sir, Can you please give the JNsar of tatamotors?
@mastercan you explain JNSAR in closing basis? means today nifty close above 5863(TT) or 5880(chart) carry long? is this the right way?
Sir, BHEL retraced 50% of the rise from 219 to 248 (ABC correction} at 234 where it has also formed a double bottom on the Hrly chart.
@IlangoA digression - bank nifty continues to hold its support at 34 hr sma....any comments from you would be helpful
@Ilango,Will they now fight for the DEMA to make it there side at the close
@Master,5-sub wave completing time frame 15min??
@IlangoReferring to your comments above, will a breach of 5911 be considered an "abc" correction towards a new high????
Nifty should close above 5900
@ satheesh,276.60.Did you notice that it closed below DHEma on 10th & got sold off.
Thank you sir ! Keeping the retracement of move from 5965-5865 handy.
@ SANPOT,Follow up on your observations. I do not follow stocks.@ Indus,BN has been the strength for the current rise. As long as it remains strong, Nifty would tag along.
Hi anmpatel,As I understand today's JNSAR is 5863 which didn't even touched so no need to bother. Closing basis means, suppose nifty moved beyond 5863 say 5853 but immediately reversed and prior mkt closing 2-3 mins before trade above JNSAR then we have to reverse the position as on closing basis nifty is above JNSAR. Now what if nifty closes between today's and tomorrows JNSAR and a gap down on tomorrow. As soon as mkt opens below tomorrows JNSAR reverse your position.
@ Prithvi Yashashvi ,I watch the 2 min candle chart during "intraday" for such EW observations and 5 waves were clear from 5965 to 5865.It could be the end of "4.c" (Bullish) or the end of 4.a(bearish)
Its yummy !!!!JAI JNSAR!!!!
avg closing based on 1 min 30sma is coming around 5898( increasing )
Reverse Shakeout Candle or Inv. hammer on DAy TA ??
Now regarding the filter part. The day on which it reverses we maintain our position using a 20 points filter. So say if tomorrow JNSAR triggers our JNSAR for longs would be JNSAR for day after tomorrow + 20, say 5895 + 20 = 5915. Now if we hit 5915 tomorrow itself our JNSAR would be 5915 - 20 = 5895. Now if 5895 too triggers JNSAR would be 5895 + 20. Manage your position till day end and check if you are positioned correctly on closing basis. Ilango sir pls correct me if my understanding differs from the actual method.
EW; knowing the guidelines and patterns is one thingBUT implimenting them during mkt hours needs lot of patiences and PRACTICE
could any one tell me what is wave trend ad how to use in trading
also EOD close A = 5DEMA..... mmm.. very very interesting !
Can anyone confirm did the average close is below 5896
nifty hour close itself is a last support .below it is JNSAR so I partly booked regds
Its good to be here, very nice post, the content is amazing, keep posting friend it will be very helpful for everyone, Thanks for sharing. I really liked it.you can also read Check nifty