Namasthe ilango sir and friends,Today's quote received :Life may be short or long...But Time is fast.No replay...No rewind....so enjoy every moment as it comes....!!!
Camarilla Update:Till now Sustain above L4.Safe Traders can only FOCUS on Breakoutlevels [H4&L4] with Proper Risk Management. Aggressive Traders can consider it as Scenario~3 with these levels [L4@5530 & Modified L3@5550]Modified L3=(L4+20)!Friends, Please don't take my updates as tips/call, just observe it as a Intraday Trend followingtool using Camarilla. So that you can make yourown trade plan using Camarilla or Any other Pivot points.
Illango Sir,Considering both the counts of wave v of 1 or Wave 3 having started, would the first count be more preferred considering that the Midcap index and the small cap index have had a wave A up and retraced not more that 61.8% of the upmove in wave B , while the nifty has made a new low in wave V of 1
GA to sir & friends.Anyone pl send businessline view?Thanks
@ Vicky,Preference is given based on the "most obvious looking wave structure" along with "technical positioning of various t/fs".It is evenly poised presently. Our bias has made a difference.
Sir, any aggressive buy can happen here ?
Dear Ilango Sir & Blogmates,OI Table Update at 1:00PM, Pivot-5573, S1-5552, R1-5593, ATP-5570, VWAP-5570The CE writers are out of their Slumber and now are have added huge at 5500-5800 strike prices, with only meaningful addition seen at 5500PE, right now Upside capped for the day…Thanks & Regards
Thank you Sir
@ Abhi,Yes. That is the message in the previous comment.
"5540-44" must hold for any bounce to continue.
New Post Done.