Namasthe ilango sir and friends,Today's quote received :A small Dot(.) can stop a big statement but few more dots. . . can give a continuity. Every Ending can be a new beginning. **THINK +VE.**
If nifty does not breach 5880 level today we may see 5945-5975 in 2 days.
Goodmorning master and all friends,As per master's observation Banknifty consolidating below DHema SBI trading below 5 dema 2285.BN trading below Day pivot 12561.
5 Mins candle Close below H3@5884 may bring weakness. H4 can be modified to 5904.
Dear Ilango Sir & Blogmates,OI Table Update at 11:00AM, Pivot-5895, S1-5870, R1-5913, ATP-5900, VWAP-5900Not much change in OI position with the PE writers ahead by a whisker, with positive bias….Thanks & Regards
Hi can any one clarify?1st is 5477 a C wave?2nd dose we have to wait of falling wedge or channel breakout on falling market to bing on reversal? or how to spot the reversal after 5th corrective wave?3rd can you apply wave theory for any chart @ any time frame?4th what are the ratios to look when an impulse wave after c is crossed over wave 5?5th I observed market is peaking out every 8 years like 1992.. 2000.... 2008.... the next is 2016?6th what wave is running now after the end of 2008 corrective wave 5 ?7th what is the correlation between wave 3 & 5?thanks
hi JN mates....on 26th is that a formation of bearish harami on day candle?
for now 5852-35, 5780 are levels in downside and in upside, 5907-25, 5945. The voice is upside is limited. My exception MIN 5835 in coming sessions is possible. 50 points not a bad deal with SL.
nifty started moving towards 5840-5745
HI ANANDHA...plz explain little further
@ Master21 HrSma @ 5871DHEma @ 58705 DMA @ 5868JNSAR is longConsidering this would it be prudent to go long near these levels Sir?
1st is 5477 a C wave?Ans:- We have marked it as "c of A/ c of 4"2nd do we have to wait of falling wedge or channel breakout on falling market to bring on reversal? or how to spot the reversal after 5th corrective wave?Ans:-Falling wedge has 5 sub-waves overlapping each other; once the 4th overlaps into the 1st and the 5 th starts, one could aggressively buy.3rd can you apply wave theory for any chart @ any time frame?Ans:- Wave theory works fairly well in "highly traded instruments". It requires mass participation.4th what are the ratios to look when an impulse wave after c is crossed over wave 5?Ans:- Question is not clear. Nevertheless, there are no fixed ratio relationships.5th I observed market is peaking out every 8 years like 1992.. 2000.... 2008.... the next is 2016?Ans:- There is no "long history" to confirm such a pattern; It could, at best, be used by "investors" and not at all useful to "traders".6th what wave is running now after the end of 2008 corrective wave 5 ?Ans:- Pref: Since the 2008 lows(marked as "A"), a corrective "B" wave completed @ 6339 and a corrective "C" wave is on.Alt. view: 2008 lows mark the completion of "ABC" and the next impulsive wave is on of which the 1st wave ended at 6339, the 2nd wave is on.7th what is the correlation between wave 3 & 5?Ans:- If wave 3 is not extended, wave 5 is likely to extend.If wave 3 reaches the channel top, wave 5 could be calculated by measuring from the channel break(4th) to channel top. There are no fixed ratios between wave 3 & 5 but just guidelines based on how 1,2,3,4 have unfolded.
Thanks a ton master.......
Wow!! that was a long answer as an extended wave.A good revision of wave theory in one post.
New Post Done.
possibility of a bullish WW may develop in ns 5 min chrtsnow if ns does not move abv 5892ns and dips below 5860 then it will form pt5cmp 5883nstrgts near 5940 tomorrow