Thursday, December 6, 2012

Nifty's ST weakness gets negated with MT/LT strength @ DLEma.

Readers few observations which are worthy of recalling:
Nilesh Deshpande said... ATR Based Trading Signals
Buy Zone : From 5872 to 5857.75
Breakdown below : 5854.9 Breakdown target : 5840.8
Sell Zone : From 5929 to 5943.25 Breakout above : 5946.
December 6, 2012 9:12 AM.
SANPOT said... Dear Ilango Sir, is Nifty spot forming an Expanding Triangle Pattern on 60 min chart? December 6, 2012 12:00 PM. (And it did just that...)
STOCK4SURE said... INDIA VIX down nearly 5% with fall in nifty generally with this type of fall VIX tend to rise any indication??????????????? December 6, 2012 12:12 PM (The best of all fear).
N Ram said... Bulls need to hold 5850 and take out 5875 for the markets to move up. Otherwise, it can fall to 5800-5815. As of now, support has been taken at 5850. If 5875 is not taken out, it is a sign of weakness and resistance for the day. December 6, 2012 12:18 PM. (It held 5850 then on..)
mynac said... Dear srinivasan k, I am very small player to comment...but shall not surprise if in the latter session Bulls shall try to go towards DHEMA..Whether they will succeed in it or not ?,time will tell us..let us see... December 6, 2012 1:17 PM. (It did move towards DHEma...)
HARISH TAHKKAR said... today post: 11.40 Interstating observations:5M.candles FNO. Last tailed bearish,1st low of the day 9.39 AM made H-L 5898-5971 (27 points).5M candle of 11.04 made new low 11.04 bullish hammer vol347000.Running candles c/o & making Hourly Bar Reversal.Previously all 5 M candles inside last bearsih tailed candle ! December 6, 2012 2:14 PM.


Bullish Cartel said...

Hanging Man-

Criteria that Refutes

It is important to view signals in the context of prior price action. If the uptrend is strong and there are major bullish indicators before the Hanging Man, then perhaps the bullish momentum is overwhelming and the Hanging Man won't work. In such cases it is wise to wait for bearish confirmation before acting.

The uptrend may still be in force if the next session opens higher than the Real Body of the Hanging Man.

A Hanging Man with a white Real Body (where the close is higher than the open) may indicate weakness in the pattern.

ammy said...

Hi Shriram/Ilango Sir,
A small query...Trading above 5940 would indicate 5th of 3rd in progress as shown in MACD graph or 5th as shown in Lead Indicator graph? I guess this holds the key and resolution of same would be really helpful...

suresh said...

sir ji,
buy in dip & sell on rise:-to wait how long:
please explain

jay shah said...

dear sir sending you a mail please check when you can

anmpatel said...

in case nifty resisted at ED resistance 5950 what will be support?

Prithvi Yashashvi said...

I think that tomorrow is final day for upmove,

Bcz the target is also achieved 5950-5975 and FDI result is also tomorrow.

And also world market taking retrecement and may be collepsed midnight today.

Do not ignore bigger picture (do not sleep with position in market at night with near target.

Shradha Saburi said...

Good evening Sir and all the gems of JN
nifty levels updated.
today Nifty touched the Day JNSAR high(5840) and went back to make new high.

Prabha Gopalkrishna said...

Master...Each helping one another under your able guidance...So only we call this Blog as 'JN TEMPLE'
Come and get blessed...

STOCK4SURE said...

hats off to you for amazing compilation of posts which were indicating bullishness
but frankly even hard core bull would not have dreamt of this upmove
that was mayawati factor
i was expecting this move but on friday and 5990 on monday,have posted here too

SANPOT said...

Thank you Dear Ilango Sir for your acknowledgement. Learning in your Gurukul.
Goodnight Sir.

ITradeForProfit Daily said...

I distinctly remember asking Master, that since the max drop in the Nifty was 49 points by then, one should not even think of shorting before the Nifty starts trading 50 points below its nearest top. And Master had aptly replied even that 50 points dip will get bought into.

Hats off to Master !!!

varun kumar said...

Dear llango sir ji or seniors,

Today i am not able to understand the value of fibo retracement in TA table. it is showing from rise 5871 to 5943. but today low was 5839 so i think it should be 5839 to 5943.
if i am wrong then kindly correct me so i will not repeat the mistakes.

mynac said...

Dear Ilango,
Thanks for encouragement...

Over to market:
FDI event probably come to end soon..
"Safety first,Staircase may be slippery "when wet",use handrail :)"

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