It's Baeutiful..!!

Do you remember the name of your kindergarden teacher? I do, mine.

Her name was Mrs.White.

I don't remember much about what we learned in her class, but my mother once told me that we used to write a lot. And I would bring back what I wrote and she would look at it and see there were so many mistakes.

But no red corrections. And always a star. Sometimes even a Good! scrawled in that would make my heart soar with happiness.

But it worried my mother, so one day when she went in to meet Mrs White for one of those Parent-Teacher meetings, she asked her why she never corrected my mistakes. Why she never red-pencilled in the right spellings of words or pointed out grammatical errors.

Nifty reaches the channel bottom to seek the support of 20sma.

Nifty week's candle- Dark Cloud Cover: Refer the TA file- 1. JustNifty TA(27th Feb)

Nifty Intraday Update-III

Nifty Intraday Update-II

Nifty Intraday Update-I

Nifty PreMarket View

There are few possibilities:

Minor "v" of the "1st/ a" wave ends at open with a new low (ORB Handy)and a corrective "abc" unfolds most part of the day & resume a reversal, the range being 5445/55(S1) to 5540/50.

Minor "v" done at 5461 yesterday and "b" of "abc" in progress to be followed by a "c" towards above 5537 @ 5540/5550 and reverses down.

These two views get rejected above "5550"(21/34Hr Sma) or 5561(Weekly Open).

If weakness continues unable to move past 5525-30(R1), gap filling will emerge towards 5428.

Nifty makes a "Pause" pattern after an impulsive move down..

Congratulations to Sujatha for guessing the settlement day's close quite accurately.

Her reasons:5480 is weekly 50% FIBO. 5484 is good support line as per 30 min chart(nearly 10 days) 5494 is WEEKLY CAM L3.
Congrats to dare..expiry @5485 reasons are:
1. In jan expiry, nifty 1 day before expiry i.e.24th jan nifty movement was of 90+ point (high low diff)and on expiry day it was just 45 point. and closed near average of high low ie.5158.30
2.So this time yesterday it given movement of 139 points so today expecting movement of 70 points from high ie.upto 5450 and so average of 5520 and 5450 comes@5485
Congrats to DZIRE ...Expiry will be around 5487. Bulls will still protect NIFTY from giving a close below DLEMA.

And our gratitude to Dinesh Rishi for conducting and to all participants for having shed their inhibitions and dared to predict..

Nifty Intraday Update-III

Nifty Intraday Update-II

Nifty Intraday Update-I

Nifty PreMarket View

Breaching "5573" would indicate the green label in action.
Being resisted around the pivot-5545 & upto 5570 and reversing down would suggest the red label in action.

First part of the day would have the bounce for the 3rd wave of 5606-5491..61.8% @ 5562.

Jiignesh communicated his absence for the settlement day and requested "Dinesh Rishi" to conduct "The game of Settlement day's close".

Nifty reverses after reaching Month's R.2 @ 5630 with day -ve div.

This MahaShivratri, we listened to "Jaggi Vasudev's" discourse and he said..
Become shameless to know your true potential. He meant "shed all your inhibitions". You won't find your answers in the I-phone but in the "I" packed with God's software.
Shameless here would mean that you are being yourself and not pretending, you are not ashamed to act the way you want to. Shameless would also mean that you do not react to people's opinions.
When I read some of my readers' mail, I feel sad for all their struggles in this financial jungle. But it is their struggle and they'll come out of this with more objective application. It is their Karma and my Karma is to teach...only that. You'll find it Kid's stuff.
I just shed a bit of my inhibitions to demonstrate how various studies such as EW, OI analysis, Pivot table, ORB, divergences could be applied in real time to make money.
Everyone knows how the accelerator works but only the experienced knows how much to press..when to leave it besides manuevouring with steering wheel.
We did anticipate the end of the 3rd wave and whenever it showed continued strength, we accordingly shifted the labels and we even pinned the "Breakout @ 5415" when Nifty stayed sideways for few days.
This correction has equalled the last fall from 5217 to 5077(140 points).
We do not need to know how far the rise or fall will go but we definitely need to know the direction as well as whether we should be in a trade. Part booking as well as trailing SL would take care of the steady money flow.
Whenever subjective opinions take over your intellect, check the TT and take your trades based on its strength/ weakness.
It pays to remember always that markets are irrational and having accepted that fact, we could study the prices..its patterns to find a method to make some confident trades.
Day chart shows "3/C" being completed and "4/B" wave unfolding..

Nifty Intraday Update-III

Nifty Intraday Update-II

Nifty Intraday Update-I

Nifty PreMarket View

Nifty volatility index breaks out & the prices yet to show weakness.

Nifty Intraday Update-III

Nifty Intraday Update-II

Nifty Intraday Update-I

Nifty PreMarket View

An alt. sub-label suggests of a new high in the morning session. Once the new high is made around 5630-5649 zone or closer to it, subsequent price action would be keenly watched if there is going to be a reversal.
If Nifty is held below 5600, then the red label would assert itself.
The floor line for the day is its DHEma in an aggressive way.