No comments means no noise in market, everyone following trend. No contra trade itch started to anyone so far. This is really good to see. Silence is really good.
Sir, below 5790 NS, some intraday shorts can be taken ?
a -WW developing in ns 2 min chartstrgt 5805-5800 near 1.00pmcmp 5828sl abv 5834
Technicals of Reliance are too weak but if Nifty has to make high jump this is possiblewith heavy weight Reliance.
All these Monalishas attack at the same time I have observed. They all could be from one person from different IDs.
G.Afty JN Family,-ww on Intra candles. tgt 5790 NS anyone ?
ilango sir, month tf down month pivot not far 5753. any chance of month trend assert?
Dear Ilango Sir & Blogmates,OI Table Update at 1:00PM, Pivot-5755, S1-5713, R1-5825, ATP-5813, VWAP-5813The 5800PE writers have just accelerated and now 5790 looks good for the day, above 5835 the 5800CE writers will run for their life, and VIX has also come down from the highs of 17.25 to 16.40 now…Thanks & Regards
Longs in 5700CE also seeing shifting to 5800CE, which implies that major profit booking is happening but with +ve bias only.Huge addition in 5700PE with -ve price action justifying the same.Regards
Weak below "5808"; More weakness below 5790.
The consolidation now should not give to breakdown unless we see the euphoria of short covering.Currently the shorts developing will give a breakout intraday followed by the domino effect of positional short covering.For the above, day lows should be held.
Nifty trading in a discount is pointing towards short built up.
Should cover longs here? Its loosing ground really fast ...
BN is listless, taking along Nifty, 5850 is a strong resistance for the day
short term charts indicating a channel pattern developing in 5 min chartsmay see a dip towards 5780-85 ns range to test lower T/L of channel pattern and then an upmove again
Big Move again on way for the day.
> 5820 NS should be SL for shorts.
Holding above 5790, the "v"th of the 3rd wave from 5500 would unfold now.
Read as:Holding above 5790, the "v"th of the 3rd wave from 5670 would unfold now.
@masterupto what level the "v" can go? 1=5?thanks.
so if we count it as 3rd only...there must be f/b 4th (time correction) f/b next upmove as final 5th to complete red A? and if 5872 crossed safely then red count negated? am i counting right? master?thanks.
Slide down today will be a false move to tempt shorts should use the false down move to exit shorts and enter longs instead of entering shorts at lower levels.
S4S,Thats what i was pointing.Cheers
Hi SJKolkatathanks, would love to see your rationale, as you do always
@Master,How Come "v"th of the 3rd wave from 5670 ?
Price and volume action in 5800CE at Rs 30.65 to 34 was unique with call prices increasing inspite of fall in nifty.This further was justified with 1:30 data of NSE which showed sudden unwinding in OI from addition since morning.Simple interpretation, nifty was brought down or came down for unwinding of shorts with bigger volume action.And immediately after this Master also endorsed of 5th starting.Cheers.
sir how you count 5th of 3rd wave from 5670?
Would love to century again today.....
Would love to see century again today.
Hi SJkolkataheartfelt thanksi could observe similar phenomenon, but not in such details, rgds
@SJjiyo mere sher!!!par DRji ka support chahiye eske liye...!!!DRji...batting ke liye aa jaiye...please.
@ divya thakor ,See the 30min Nifty chart in google finance.5670 is the low of 4th wave though the 4 th wave as a contracting triangle ended at 5693.From 5693:5693-5728-i5728-5713-ii5713-5833-iii5833-5795-iv5795- on currently.You can also see it clearly in 3 day 5-min chart.
SJmy concern wan -ve dive on hrly chart
@ anmpatel ,A wave can have 3 sub-waves or 5 sub-waves; once done, it gives early clues about further price pattern.
Anmpatel,Very True, we have made the pitch now DRsir should come to take the centre stage.
Interesting thing learned today. Ilango said... @ anmpatel , A wave can have 3 sub-waves or 5 sub-waves; once done, it gives early clues about further price pattern.Thank you Master.
NF between 50 and 100 DMA
sirsorry to argue....is it 5th of 5th wave on?or 5th of 3rd wave?
Parimal Bhai,I am very sorry but during trading hours, I concentrate more on screen and look for technicals only EOD.Other than this, only look for comments of Master to decide about my move and bias.Regards
--> backBell curve maths says Day's Top can be said to be done in the range 5810-5840 with 68% ConfidenceNeed this to be backed up by 59CE OI add. now
got it sirthank you very much
@divya thakor,I have same confusion. Please Clarify if you got it.Thank you!
SJkolkataplease, please, dont say sorry. i know it needs immense concentrationrgds
New Post Done.
@ nitin kadam5th of 3rd wave is on andsub wave 5th of wave 5th is currently on
there is striking disparity between premiums of 5800CE and 5900CE