"5829-36" is the first support, considering the earlier price cluster.
"5801-5804" is the next and "5781", 61.8% of 5664 to 5971.
"5880-88" continues to be the resistances.
20-30 points move below WLEma would be considered bearish.
To Krish pm,
On the 14th, it was observed that "Hour could bottom out during the day (Considering the oversold hour technicals-lead ind..9he rsi) and considering the day trend, it could be a bounce (considering the downtrending day lead indicator) and it bounced from the low of 5861 on 14th to 5946 on the 15th.
"5801-5804" is the next and "5781", 61.8% of 5664 to 5971.
"5880-88" continues to be the resistances.
20-30 points move below WLEma would be considered bearish.
To Krish pm,
On the 14th, it was observed that "Hour could bottom out during the day (Considering the oversold hour technicals-lead ind..9he rsi) and considering the day trend, it could be a bounce (considering the downtrending day lead indicator) and it bounced from the low of 5861 on 14th to 5946 on the 15th.
40 comments:
Good Morning Master and Friends
Sir
Nw 2 possibilities
1.4 over, and 5 (ii) on- bullish
2.A over, B (b of B) on- bearish
The points which are in favour for the bearish scenarrio are
1. The big wave 5 ED which concluded at 6112 29/1/13
2. Thezz nature of the retrace of a of B from 5663 to 5971
3. The failure to retrace 80% of wave A by the wave a & b of B
4. The failure of break of the 2-4 TL from the previous impulse voilently because of the ED formation
5. The exact 50% retrace by wave A till 5663 . (impulse 5217 up)
and many more subtle pointers like uptrending trend indicator while stoch sell and break of SMAs
Assuming that we are in b of B it will be a difficult wave to trade.
as both the b and the B could assume any corrective and is expected to take a longer time than a and A.
The range for B though is contracting and currently between 5939and 5824.
Also the bullish engulf of day before last of trade has been under the dark cloud cover candle.
of the last day as it closed below the 50% of the body of the engulfing candle.
longer term all this means we may see lower than 5663 before we see higher than 6112 levels.
For the st we in a 120 odd point range and heading down. quick change in sentiment
is required at reversal points at the end of range should be a viable strategy.
Good Morning Sir & All Friends.
Good day Master n JN fmly...
Namaste Ilango Sir and blog friends
LV
sir ji,
Good Morning.
Asian Mkt --bleeding
Good Morning Ilango Sir and Blogmates.
Good Morning Gurudev and friends
Good Morning Gurudev and friends
@ reuters :- LONDON - A hit imposed on Cypriot bank depositors by the euro zone has shocked and alarmed politicians and bankers who fear the currency bloc has set a precedent that will unnerve investors and citizens alike.
eurozone crisis.
Good morning Ilango sir & all blogmates,
Rgds
Saravanan
Good morning everyone
Good Morning Master & Friends
master,
Sorry to ask this again,
on 13 th, eod price closed blow DLEMA , Day lead indicator downtrending and price closed below Devloping WEEKLY 5EMA,WEEK Pivot.
Normally in this situation people expect hour lead indicator continues its direction Oversold region in downtrending.
Is anyother reason to identify bounce could happen except considering the downtrending day lead indicator?
Good Morning Sir and dear friends.
Ilango ji,
Good Morning..
Goodmorning master and all Friends,
First Day of JNSAR trades for Downside...today.
Wish all a Great session......!!!
Gm all
Good Morning Master. and ALL.
Good Morning Ilango Sir and Friends
NIFTY Chart update: CLICK HERE
GOOD MORNING SIR & FRIENDS
Bad start to the week
sensex expected 12410 on 12/04/2013
Namaste Dear Sir and all friends
Have a nice trading day
Sir ILango ji and everyone good morning
Good Morning Ilango Sir and Friends
Good Morning Ilango Sir and Friends.
Ilango..have you booked 1 lot...at what price?
Nifty Trade Alert:
30 Mins Future Chart - Shows Pin Reversal.
Part Booking Shorts/Intra Long Scalps
can be considered.
Good morning master and blog-mates
New Post Done.
Is there problem in getting NEW POST page?
@MM
yes i am facing the problem
If Nifty Spot Touched 5840
Pivot Traders can consider
Camarilla L4@5826[SELL LEVEL]
& L3@5849[BUY LEVEL] after their
own studied.
Namaste Sir,
Sir, the New Post Link is not visible.
There is no new post... :-/
evan i facing the problem
Hello Sir,
As per the J10.SAR number, Daily trend is? Please correct if I'm wrong. However in the sheet below Tech Table you have mentioned day trend as down. Could you please explain this?
Thanks and Regards,
Ravi
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