Ilango, In reality what triggers such breakdowns or upward movements? Are they any news based or algo based?
JNSAR ki Jai Ho........
Ilangoji,Whatever you say, I am not convinced. Go and see my blog . My indicators gave sell signals 2 days before. I was only waiting for price confirmation. Today, I gave the levels which you deleted. I hope you guys saw the slide after 5880.Nifty could not give one hour close above my level 5912 yesterday and 5900 today.If you want you can delete this post also.Thanks GOD BLESS YOU
20 point below DLEma would target around 5835 approx.
thanks mere SaiJai JNSAR
Good afternoon master : AND PSC is 5825 with H 5833 ..let us see
for Future it is 5878 with C @ 5869.35
day S2 5845
@Master,Just a academic question.Today, Bulls have not overcome yesterday's high, and the Nifty has been trading mostly below today's JNSAR.In spite of this how come tomorrow's developing JNSAR is higher than today's JNSAR?
@ N Ram,FYI...We are trading "sell on rises" since 10th Dec, Monday.If one sees too many blogs, he'll see an "empty bank a/c" one day for sure.My critic used to tell me one thing:You're the greatest...and to hell with all the rest.What he meant was...if we don't apply what we have learnt and make money, we'll "only hopping blogs" and not making money.So many have come here to "showcase their levels" and I tell them..."Nothing is any body's level".
Namaste Sir, Below which level can we get confirmation that this is the big corrective A for the upmove from 4770-5965?
Master @ : any intraday counts in 2tf..thanking you...
Master, what is SL for consevative trade?Is it 5902?
100 point intraday move may trgt 5807.siras per your analysis what levels to watch for rebound or further fall
Master, In BN is target of 12700 is still while nifty displaying so wekness?
Sir ILangoji i could not understand the 5855 level kindly update thnx
What is ATR target?
Sudden movement in mkt and so many qtns to master..how it works on our mind??
@ N RamYou are unnecessarily spoiling the "Atmosphere" here.Please go and take care of your"BLO>>>>>>>>>>>G."
Fire sir, If reading this kindly give ur on USDINR view?
@ prakashbkc,Do not read things out of context.I'm definitely not Nostradamus.But I had suggested weakness after "intraday rises" for BN.That much simple knowledge is enough to 'sail thru' this jungle" every day. No need to know destinations.We have calculated different targets for BN. As long as Week & Month trend remains up, those targets are achievable.In the meantime, shouldn't one trade such large swings...?
PSC will not break and C ended here ?? I am very poor in EW..pls do not take this as a call ...
Keep the retracement of 5898 to 5848 fall to manage your positions.50% to 61.8%-5873-587980% - 5888
Ilango Sir, in "ABC" correction can "C" be 61.8% of "A"? as 61.8% comes to 5830 which is also Nilesh Deshpande's ATR break down target.
@prakashbkcNifty currently in ND Sir's ATR based buy zone.Breakout below some 5840 with target of 5818.
Technical set up looks incomplete;More lows should come in the coming days after brief bounces.Market would now fight for "5871" WHEma, especially tomorrow.
Hoping taking suports of ATR levels ,5859/5943 lvls
Didn't the trader who believed in "Sell on rises" benefited immensely.Nifty touched the "downtrending 5DSMa" @ 5907 @ open(this is the rise) and travelled almost 20 points below DLEma.Should I boast of greatness....NoooooooooooooIt is just a simple way of following a technical study created by great minds many years ago..And you go on reinventing cycle..!!!!!!!
Refine your retracement to 5898 to 5843 now:50% to 61.8%-5871-587180% - 5887
Hopeing NF may take suports @5870/5862 levels.
Thanx Master for reply After so many days of reading blog I m trying to understand importance of diffrent timeframe trading Always endebted to u
As per the Elder Ray,Bears will have recovered all lost grounds if NS closes above 5855or if NS breaks today's low again
NS below Camarilla L4@5860↓
@Ilango,is there any S3 also below 5845. Should we take it as WEMA at 5807
BN about to hit short BNSAR! Where was it in the morning and where it is now! Seems like I am learning a bit from Sir's approach to trading ;) Thanks a ton!
S3@5830(ACORDING TO SANJAY IAISWAL,SIR)
Mcdowell down by 5%.
Whenever Nifty exceeds the "equality target"(a=c @ either 5815 or 5807", the danger of larger correction or even reversal would set in.And the followers of trend would be "comfortably placed in with advance reservations".
Master, your greatness in trading like sun
Sir, sorry to repeat can"c" be 61.8% of "a"?
ALMOST ALL ATR SUPORT LEVEL@5943 DONEAGAIN A DAY OF ATR LEVELS.THANKS SIR.
Last channel bottom when you connect 5548 & 5594(first two lows) would come around 5805 for tomorrow.
Considering that "B" was an expanded flat?
AND ALSO OUR MASTERS S2 5845 SUPORTED.THANKS SIR.
BN missed short signal... I think it is above JNSAR as well as DEV. JNSAR.
Thank you Sir , I learn so much when I come here .Regards
@masterlooking hrly oversold, weekly still up and nifty might close above DLEMA, should cover short fully?
@ SANPOT,"c" can be 0.618 time; 1 time ; 1.618 time; 2.618 time.But isolatedly, this knowledge will not help you.Combine with your other observations along with technical readings, you'll get the most likely zone.If it is a larger reversal, such an application of knowledge will deceive us.I keep repeating:Follow the latest signal given by the market till it gets tired/ exhausted.
Thank you Sir.
@ anmpatel,A likely pause zone was DLEma less 20 = 5859-20=5839. "5841 done".A pause is on.Retracement to 5898 to 5841 now:50% to 61.8%-5870-587680% - 5887
@masterplease tell BN dev JNSAR for tom? thanks.
Just an observation for fellow members: I have noted for last few weeks that Defty gives a early indication of days trend (positive / negative). Since Defty is a combination of USD/INR pair and Nifty, it tends to give a good quality signal as it combines market activity of equities and currencies. Today was a good example; turned down much before Nifty or BankNifty.
@Master,After Jnsar trigger, It is giving 200-300 point must.So can we assue that this wave'c' can extended up to 2.618 time which is comes near 5664 and calculating the point reward is about 5891-5664=227 points we will get???
many thanks sir bye
Some great Dr mocked at me and my indicators few days back. Only Shriram came in support . Now the result is all there to see.One last commentSee the horizontal line in the chart. Nifty may stop around that 5815-5825. Previous swing low 5838 cal also give support. Watch for support and this is not a long call. Markets, there is ST reversal. Weekly Trend is up above 5804.
9 Day Rsi is showing reading of 40 today & 3 days back it showed a reading of over 90 when nifty closed @ 5909.Looking like in a hurry to reach oversold region.
@ N RamPlease spend few seconds if not minutes & analyze what Ilango Sir conveyed to you in his replies . Now don't expect him to reply you multiple times on a daily basis which always seems falling on deaf ears.
@prithviyashaswi,just follow the trend .dont worry about targets.(as advised by master bfore)