NIFTY intraday update: CLICK HERE
Parimal ji,Yes, SunPharma is on a roll..Only concern is 922 is channel top ( Source : Pattern trading ) and RSI negative divergence on daily chart. Week TF is still good.Have seen RSI divergences failing when stocks are in Strong trends. Ex : Maruti up move from 1300 to 1640 level earlier in the year with consistent negative RSI divergence.Raghavendra
Respected sir n blog mates,Any body following Tatasteel seen back in action?is right I just want to confirm
5735: wkly HEMA / DR1 / H3Also 'Lead Indicator' possible crossing over from above 90+Getting resisted for the completion of 3rd ?
Camarilla Update : Nifty SpotScenario#2
Intraday weakness below "5710-15".
RaghavendraSunPharma: that is good to have negative dive, buy on dips
Camarilla Update : Nifty SpotScenario#2Safe Trader could wait for the confirmationsof H3 bending (Using TL in smaller t/f) orPinBar
NS R1 is at 5740
Can expect a fall now to 5670-90, if no new high seen in next 1 hr ? Oscill showing Div. on Hr / 5Hrs TA
@Master,as you told in the past that we are in major down trend and also you indicate wave 3rd, also wave ii in red label indicate @5765, so can we sell with stop loss of 5765 or at which level wave-ii @5765 invalidate???
@ Jay Mataji ,80% of 5971 to 5477 fall is @ 5872-Negation point.For aggressive traders: Few points above 61.8% @ 5782.To sell, wait for prices to close below DHEma and see how the Week numbers' colours.
@Sujatha,Pls check ur mail.Regards,
Nifty hit the target of 5735.Now Nifty have to see lower levels.As master suggested lets wait and watch for sell signal.Already there in few stocks like RelInfra,HCLTECHhttp://yourtradesmadesimple.blogspot.in/
Dear Sanjay Jaiswal SirWhat is you view on market nowThanks & Regards
Dear Ilango Sir & Blogmates,OI Table Update at 1:00PM, Pivot-5648, R1-5757, ATP-5710, VWAP-5710The impatient Bulls are at it again, with 5700 level sealed for the day, but the 5700CE writers have still not given up hope, with OI above 80 lacs…Thanks & Regards
Master said Intraday weakness below "5710-15".
Camarilla Update : Nifty SpotPart Booking Point 5708 reached for H3[SELL]@5728, Part Exit & TSLcan be considered.
Julius - thank u very much..shhhhhh "how many times i have to push nifty down" not good..it's better ask nifty to get down by lift onceeeeeee mudiyalapaaaaaaaa overload work today :( rochak - sofar no change in my view am not in long
@ shrirambooked 30 points right from ur message...thanks a lot...what will be the buying point now?
Nifty bouncing between 200 DMA and 200 HMA.
Why this kolevari with bears? Are you in short Sujatha? Contra trade??? No electricity, Lift won't work. It should come down in stairs only for now as trend buy in dip (ofcourse not weekly).
@Sujatha,ஒரு வழியா மந்திரம் போட்டு நிப்டிய இறக்கிடிங்க.From yesterday market close itself expected thisH3[SELL]. சின்னபையனால முடிஞ்ச ஒரு சின்ன சகால்ப்.
raja - no electricity??? pichkooooooo ask nifty to jump like "jackiechan" no offence i need reasonableeeeeee downside where i will decide whether to book out/partbook or hold bye for timebeing
I think we need to see 5680 closely5680 - almost 50% retrace, almost start point of last 5th.Breaking 5680, it can tgt 5669.
addition started in 5700cechg in O.I abv 9 lakhs
sir five of 3 completed and correctiv wave 4 is on?
aaaaaaaa 1.30 m close should below 5682 is halwa or below 5700 is better let us see nifty not allowing me to move???
Camarilla Update : Nifty SpotGoogle 5 mins chart12:20PM12:35PM12:40PMcandles are price rejection candles.Safe traders Entry12:55PM candle Trendline Break!Also one can handle it using google2mins chart with 55EMA or More.These are the simplest ways to confirmH3/L3 trend against trades.
if sustain below 5669, then 5650(pivot), 5640 (5dema). Above 5708, strength returns.
@Mr.Shriram,Great Sir. Your Targets 5670-90 reached perfectly.
Price Action Alert :NF 30 mins Reversal PinBar(current bar) Seen....
since O.i is not giving any clear posn yetthey have decided to play safe5700 +/-31 pts5669 and 5731mil baant ke kamao aur khao
5 wave fall from 5732 to 5669(61.8% of the last rise from 5630).Hence, retrace shouldn't move past its 80% @ 5719.Its 50%: 5701; 61.8%:5708.
@ divya thakor,You have been observing the waves quite well. Start believing in yourself more.
thank you sir
An immediate break of 5669 would compel us to treat the rise as "abc of A" completed @ 5732 from 5477.EOD close below DHEma would be an added conf.
5500 pe will be as lottery
ilango sir c of 4th completed with irregular b?
--> backcool, NS has rewarded wid a smooth fallSupports now DHiEMA @ 5661/ St. WkEMA 5638
Ns towards 5734 as per SaR Lvls (D.Pvt+Fib), 15m.STOC is oversold now: 5562 < 5610 < 5648 > 5686 > 5734 NS @ 5692.25 , at 13:41:04
5669 also 61% of 5630-5732
Hi Shriramthanks for your earlier post, took trade accordingly
@ vksoni,If the fall is "a" of a zigzag correction of 4, "b" shouldn't move past 5719.(Stated earlier). There is no irregular correction here.But the minute (v) of v of 3rd struggled to make a new high...in the end managed it @ 5632.15.Hence, the alert about weakness below 5710-15.There is a channel support coming around 5655 approx.. coincides with 200sma.Two possibilities @ worka 4th wave gets negated above 5719.a B wave gets negated above 5750.
@ parimal : nice, congrats :-)Master,suspected 4th shud be deep since 2nd was SHallow sir ???
Thanks sir try to learn
56PE OI nearing 1 Cr ...and Shani Maharaj > @ 5744 rejecting price for now, wow, this is called a Celestial Sandwich ;-)
Dear All,As pointed earlier, my reading says that the strong hand is booking profit in 5600 calls and buying 5700 calls. Hence the addition in 5700 call can be closely monitored now for confirmation.This is just an observation and should be further seen in light with other studies.Regards
@ shriram,4.a had 5 sub waves suggesting a zigzag unfolding.Is it 4th? or part of the larger correction-B for the 5477-5732 rise called A.Looking @ Day TA, it suggests of former.EOW should give more clues whether waves would sub-divide...
tks master :-)
3 more trading sessions for expirymonthly candle guess?
@Ilango Sir, Sir, could you please post EW minute chart after the market as i am confused about zigzag correction and the neegation points.Thnaks.
New Post Done.
monthly candle is a hammer pattern
lots of if and but. very difficult to understand, Sir. I am waiting for 5782+-10 points to have a short position, as said earlier by you or at hitting jnsar. regards