1.Nifty has commenced its 3rd wave down and the late bounce on Friday is minor "ii" of 3.
2.Nifty is still in its 2nd wave and the new low on Friday is the irregular 2.b and the 2.c is on.
3.Nifty completed the 5 on Friday or another low around 5845 would complete it and a rally for the entire fall from 6112 to 58XX is likely.
These are the 3 possibilities in contention.
Above 5949, the 1st view will get cancelled out temporarily.
Below 5843 (or 5823), 2nd,3rd view will get negated and iiird of 3rd would be in contention(1st view back in contention with changes in sub-waves).
2.Nifty is still in its 2nd wave and the new low on Friday is the irregular 2.b and the 2.c is on.
3.Nifty completed the 5 on Friday or another low around 5845 would complete it and a rally for the entire fall from 6112 to 58XX is likely.
These are the 3 possibilities in contention.
Above 5949, the 1st view will get cancelled out temporarily.
Below 5843 (or 5823), 2nd,3rd view will get negated and iiird of 3rd would be in contention(1st view back in contention with changes in sub-waves).
25 comments:
Good Morning, Ilango Ji
Good Morning Sir & All Friends.
Sir,
3.Nifty completed the 5 on Friday or another low around 5945 would complete it and a rally for the entire fall from 6112 to 58XX is likely.
Is 5945 be read as 5845??
Sunil
Good Morning Sir,
Namaste Ilango Sir and fellow bloggers
LV
Good Morning Ilango Sir and Friends
NIFTY Chart update: CLICK HERE
R/Ilango Sir,Namaste n Namaskaar 2 all reader's.
Good morning Ilango sir & all blogmates.
GOOD MORNING ILLANGO SIR & FRIENDS
Good morning llango sir & all blogmates.
Rgds
Saravanan
Ilangoji,
Good Morning
Good morning sir & friends.
Good Morning Master and Seniors...
ATR Based Trading Signals
Buy Zone : From 5862.9 to 5850.65
Breakdown below : 5848.2
Breakdown target : 5815.15
Sell Zone : From 5911.9 to 5924.15
Breakout above : 5926.6
Breakout target : 5962.15
good morning master and all
weekly HAopen-high same 5953.7
daily HAopen-high same 5899.5
but this hour HAopen-low same 5877,
all numbers are for decide weakness/strength in each t/f not for trade.
thanks.
Good Morning Master & Friends
Namaste Dear Master and all friends
Have a nice trading day
Sir ILango ji and everyone good morning
Goodmorning ji and all
By fibonacci
nifty INR 5907 and SR 5934.
GM friends :)
AM expecting Nifty future 5918/33 where it will take some snacks and tea along with me :) we will decide there
hv a good and great week to all
shhhhhh my SL is 5873 on any hourly closing
GM Master & JN Family,
Smelling a Bull Flag again on 30mins.. will be triggered if price > 5903/08 (WkLo / DEMA)
potential tgts : 5942-50
GM Master and all noble souls of JN
http://www.elliottwave.com/club/protected/most-important-conf-2013.aspx
India VIX: has seen the lowest at 13 and now at 15.
New Post Done.
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