3.1: 5555 to 5642: 87 points3.2: ended @ 5630.3.3: 5630 + xxxxx.................??
nifty future done 5677 time to take some profit???Nilesh ji - v r coming to the same place check march 25th mail :)Julius - EOD spot should close above 5666/689 or else i am -ve in "advance" as usual :)
NF at 200DMA
@Master n JN FamilyVery Gud AF NoonWOW, Kizhakey pogudhu rayilu........Pls pls missed the entry, can i have a LIFT?
Yes. Now to book profits and time to take reversal positions.5690 could be a strong resistance where market starts correcting today.
RIL above resistences
5647-52 must be protected.
addn in O.I in 5700pe is near 12 lakhs intradaybears ki vaat lagayenge kya kalare they knowing RIL result will be better than expected and will see a gapup opening tomorrow???????
@Sujatha,Volatility not reduced trading above H5. Now H4 become Support! Hopefully TomorrowI may enter L3/H3. Let's see what surprises market holds for us Tomorrow. :)I wonder how u pick such brave contra entries! Best Wishes....
Sujatha di nice .....
--> backTime to apply Bell cruve maths since prices are Impulsing > DhiMean of Distr : 56821 Std. Dev zone : 5662-5702Days high will be in this zone with 67% confidence.
ND Sir's ATR Breakout target done
@JRJ May i ask u a doubt regarding the e-book of Frank Ochoa suggested by you.
@ Master Julias & JN family.Great day for JNSAR - partial profit booked. I am following this blog for sometime but starting with JNSAR trades as first step after doing my own backtesting to prove how system works. Have full faith in system and comments from master & seniors. Really hard to find such useful and objective analysis. Still learning on EW side and intraday dynamics. Really learning lot from all posts &comments from senior.
Sr's pls explain how to approach JNSAR in case of GAPS...Reply solicited.Thanks n Regards
@Mr.Dinesh,yes sir, If I could.@Mr.Dev Raj,Here the only Master for all of us Mr.Illango.I am not a Master, here I'm just a humble Learner.Best wishes for your EW studies.
@Dinesh 20 points stop loss will always do, if the gap is more than that, wait for an hour to close...normally nifty would reach near the 20 points stop, reverse the trade at that point.. may be seniors can throw more light on this..
@श्रीराम सर ,तुम्हाला गणित हा विषय फारच आवडतो दिसते.... नेहमी काही ना काही गणित करून लेवेस काढत असता :)एलियट वेव आणि गणित फारच तगडे आहे तुमचे.... !मी एलियट वेव शिकयचा पर्येन्तकरतो आहे. वाचताना समजते पण ग्राफ वर प्लॉट करताना तारांबळ होते..ह्या समस्येतुन बाहेर पडण्यासाठी काही मार्ग सुचवावा ! धन्यवाद !
@JRJ, Sir, much elated. Thank you. Shall mail u in detail.
idbi waiting to breakout of double bottom
my goodnessbought pantaloon retail 160 CE april @ 45 paise, sold at 2.85 now @ 5 rs.also placed an order for buying 150 ce for 1.05 rebounded from 1.2, now rs. 15-17OM SAI RAM
1st gap filled now 5744.95-5748.10 ,2nd 5850.2-5872.6 sitting tight pays a lot thanking you master..
Looking @ Higher Degree RESSt. MNEMA : 5742St.WkHi : 5753CMP-Dev. DhI @ Statistical mean...
@Master,Please consider the humble request.Post the 2minute Ew Labelling chart every day in the Eod Post.It will help to all to learn about Elliot subWaves.
Julius - nothing but " i am not using my brain" :) :D :) still "mkt base" is bullish according to me "resistance also capped" 5666/90 @ SPOT so "mari ground" playing.. now expecting some retracement..If 5720 not taken out..then fine "v can hear the telephone recording message press ... for previous menu and get .........." future last chance 5714/19 "mela pogama angerundhu vizhundha..??? damallll kam katham
@Master,Please consider the humble request.Post the 2minute Ew Labelling chart every day in the Eod Post.It will help to all to learn about Elliot subWaves.-------------------------------------------------@master ... Please consider this ... It will help us a lot to learn how you identify wave ..
Sorry Julias Ji-- I meant Master, Julias and JN family. I understand there is one guru and source of knowledge for all of us.
Nifty Futures made 5690 level and now market me see some retracement with profit bookings. Lets see where it closes.If RIL results not satisfy the markets we may see a Gapdown tomorrow. You guys think it is not possible ?
Dear Nitin kadam,Ilango ji che lables paha with Arjun Foucs , ajun kahi jasta ghaasa-ghashi karu nako !ani majhe EW count tar aajjibaat pahu nakos :-)
At 5682, 73.6% retrace, small profit booking is happening.A correction is on, a minor one.
@श्रीराम सर ,;-)
@Guru Thanks 4 ur suggestion. I'll remember that.
Bombing in Boston :(http://www.reuters.com/article/2013/04/16/us-usa-explosions-boston-idUSBRE93F06T20130416
SAM - don't mind...think it's too much burden for him..and y 2 min chart?? any specific reason..i feel 5mn. and 30 mn. good for short term trade whether short or long.. anyway "sir" is deciding authority
@Sujatha Sis,Yes, You are right. It is time to partbook. 5700-5750 act as a resistance. May be your tgt. met in next month.
@Sujatha,30நிமி பின் விழுந்தா ரிட்ட்ரேஸ் கன்பார்ம். இந்த ரேஞ்சு குடுத்ததுக்கு நாளைக்கு 23ம் புலிக்கேசி அரவை நிச்சயம். நாளைக்கு பாக்கலாம். பை.
Requesting allpls don't burden Ilango Sir
@Mr.Dinesh,Ok.@Dev Raj,:D one comma gave shock. :)Camarilla Update : Nifty SpotToday H4@5619 BUY opportunity was clear.If someone traded with 20pts SL.Lot1:20pts Lot2:60+(running)Even in the worst case 20+20!No trades for me today. Whole daygone with fun.Tomorrow Possibly I expect H3 & L3 Play.Let's see tomorrowBye All...
Nilesh ji - now 5440 comes how nice it will be na ?? hehe but i can;t take it lightly..EOD consecutive close needed @ 5666/90..this is the bullish one sirji dont forget..what i am thinking somebody is going to beat indian mkt?? so closing may be "cat on the wall"
Julius - OK..bye "kida vettaradhukku munnadi valathu vidaranga pola"???bye all
@Ilango,Do you see this is reversal from bottomed out. I felt still market have to fill another gap area at the long term trend line support. I read that you posted that there could be a minor correction.Does that mean 5474 - 5500 is held as support for the market rally?or there will be a correction to 5240 levels ?
@Sujatha sis,I m also happy to see it. One factor is bearish i.e. PCR. Good risk reward ratio near 5700-50.
Sir,I am facing problem with part book.I entered in long yesterday @JNSAR and carried.But today I booked @ 5633 and the @5680. How to improve on this.
People do anticipation and go for shorts instead of part booking. JNSAR longs rocking....
@ Abhi,Good knowledge & experience with "Applied Technical Analysis".Good knowledge & exposure to EW Approach.In an impulsing market which is in its infancy, Sitting tight is favoured.14 weeks of downtrend gets a reprieve. Traders exploit it. It will be a choppy "B" wave.
BN cleared 80% @ 11451 yesterday; Nifty does it today.(5699)
@Abhi - I mite be wrong, but this works out good for me.. may be you can have a look...Usually I part book looking at the RSI (14)on 3o min when it reaches near 80-90 zone..hope it helps to you...Master can guide us...
Nifty spot also made 5690. Now everything depends on RIL results tonight. Hope tomorrow markets may see some correction(in our terms retracement) after huge rally today.
A minor (iii) wave may have been done @ 5699.
Thanks Sir.Thanks Guru.Need patience.
@ Abhi.. I also booked profit early on 75% JNSAR quantity. Need to learn patience and art of adding to winning position / letting profit ride.Hoping that tomorrow some correction after huge rally today and get opportunity to enter again.
Ilango ji,Hasn't the Oscill on hr/ Day moved a tad too much for Bulls comfort ?
We can take this approach.For example i sold 1st lot @5633.Then market took support 5630 and moves higher. So I could take reenter @5630 - 5640 keeping SL 5625-5630. If SL is taken out then I would have to rebuy @5610 - 5600. When this kind of move happens, we have reenter on small correction.Let see how market behaves tomorrow, small retrace or large retrace ?
Can anybody plz inform when is the RBI's next meeting on interest rate ?
@Abhi,RBI meeting on May 3 2013