@ vignesh,We look at the next "retrace" from the TT and other critical numbers for intraday.There are no confirmed reversals to estimate targets.
Thank u for the reply sir
@ Abhi,You should have sold into rises when Nifty reached 5526(5527-DLEma at that point)If you had sold @ 5495, the correct SL should have been either 61.8%+ few points or the 80% retrace of the last segment of the fall which would be 5507+3=5510 or 5515.
5477 low for the month ?
Is tom Holiday?
But Sir, my question is did you have doubt on the sustainability of this sudden fall ?
Dr sir,tomorrow only clearing holiday, trading is there19th firday and 24th wednesday are trading holiday
Tomarrow is bank holiday. But market will trade 2 marrow
dear ilango,"there are no confirmed reversals to estimate targets"here targets means intraday targets?are you suspicious of this reversals too?for someone long at 5525ns do you suggest stop loss of 5495 today?
Camarilla Update : Nifty SpotCMP@5543 (MidPoint of H4&H3)Scenario#2H4@5559 ↑H3@5527 ↓
GA sir nd friends :)rrkhan - yedhukku sir avasaram low decide panna? Katthu iruppadhu yethanai pero "nifty" yidam thorpatharku??
Sir, Where do u see confirmed Reversal? is it 5547 ?
DR ji - belated greetings..but u can send sweets i will accept it.:)looks like 5549/65/72/74 on the cards
@ mahekovoor,Only EOD signals would affect next day's prices and not the "intraday swings".SL should now be raised to 5510 or 61.8% retrace of 5477 to the "Highs"(Presently 5550.50)
I think instead of setting target, we should look two points.5555 - 55605570-5580if crossed then some strength, if not then more weakness.
NF above 21hrsma
@ Anandha, Pause happens only with an EOD close above the respective 5LEma with a follow up.Trend changes only with an EOD close above the respective 5Ema with a follow-up.Even after these signals emerge, it is never a "close your eyes" phase. Every day price action should be followed up.Retracements gives you strenth/ weakness of "that particular T/F".A small 5 waves seem to be done from 5477 to 5551.(unless, it sub-divides)
21hrema crossed.Waiting for 34hrema?Look for resistances @ 50%-61.8% retrace of last fall @ 5546-59.Minor strength only above 5560-80(80%).If 5580 is crossed decisively, then the next retrace should be attempted.By staying below 21 & 34 Hr smas, bigger falls are likely.
Suj, I am only using Sujatha logic formula to is amavasya so i am suggesting it could be low and 25 th april is poornima may be high aorund that period ? what do u say.
thanks for the quick response illangoji
SisThanksPlz order of ur choicehttp://www.nathusweets.com/Sweets.asp
Ilango sir,On 14 September their was gap up opening from 5447 to 5527. Please let me whether nifty trying to fill this Gap
@Ilangoas per pre-market view we are at the resistance area you suggested...is this the prudent time for sell on rises with 5585 as SL for the conservative trade?
Good afternoon master : Can we resell @ 5546 with sl of 5559
DR ji - "Plz order of ur choice" sure i am ur obeying student - i will order - you pay the bill pls. :DJulius - GA :)rrk - i didn't expect high.. expecting some retracement that's all let us see where it's resisting.. or else damn sure...it will show new low too ..
Afternoon Everybody,Dear Dinesh Bhai,Many happy returns of the day.....
NF price close to 34hrsma
Dineshji,Hum bhi khade hai rahon meinwe are ready for the Sweets anytimeRegards
I see support for market move at 5240. These pull backs seems to be just retracements in fall.I went short on raise.Puts giving good returns. :)
may be NIFTY FUTURE may love to see 5435 if it's not cooperating @ 5577 can anybody help to see the first one first??
If Nifty closes above 5524, it would mean "Pause". Even after a pause, lows could be revisited but it generally implies a "Trading mode" and not a "Holding one".If Nifty closes above 5562, it means a buy signal from "Day T/F".Till the higher T/F shows a reversal by EOW & EOM, these reversals of Day T/F is not totally reliable. Hence, trade lightly during this phase.
5550 seems to be acting as resistance today."Earlier supports acts as resistances"
Mynac thanksParminder jiSweet sweet bato sey kaam chalawoMetha and Ghee aap ko Doctor ney mana kiya hai :D
--> backwow, Nifty has done a crazy dance today !
@ Indus,Considering the Day & Hour TA, I would wait to resell.5555 is the channel resistance & 34 Hr sma & 61.8% retrace of 5603 to 5477.80% @ 5578.
Ilango Ji,Is it 5552 or 5562?If it is 5562 whats the reason behind taking the 5EMA of 9th rather than 10th April?Thanks,Renju.S
Dinesh ji,Nahi sir meethe se koi parhez nahin haiBaatein aap waise hi meethi karte hoRegards
In down trend, up move last for about 4 hrs.
master, oscill moving a lot on hr TA, Higher TA RES, time to turn down ?
Hitendracorrective or impulsive normally 4-6 hrscheck hrly candles
Dr sir, So sweet :))@sister, soon 5435 is coming, we fill the gap by infy is my bet, Shriram;is this an expanded flat correction going on, and the low was the irregular b and now in c
region 1 is done. now region 2.
chetas: to simple eye looks like a new ABClets wait for master to call it.. EW is my weak suit :-)
Ilango sir, Where do you think sell is adivsed. You mentioned you will wait for sell considering the DAY & Hour TA.
Ilango ji,got the answer...today is a developing 5EMA..and that can vary till the market closes..a better number would be last days 5EMA.Is that correct?Thanks,Renju.S
inv H&S breakout in rcom
Nifty @ LOChttp://www.prana.com/life/wp-content/uploads/2009/05/taft-point.jpg
DR Sir,Kya pic hai!! :) perfect state of our Nifty..
NF price above 34hrsma
Many a times a trader mentality as well.Good pic.
can someone say probable close of today-NS? as Master say:::If Nifty closes above 5562, it means a buy signal from "Day T/F".
Reached the Expected High in fut near 30m TL
5540-5545 seems to be probable close for the day.
A running correction after the first 5 small waves from 5477 to 5551 suggests of bullish ST.SL raised to (ii) bottom @ 5545.
dear sir & blog mates,close is 5562 is that means!sell on rise is over?thanks
@ Renju S,You have found the answer yourself.That is the actual "Education".
shall we hold calls for 2moro
Sir inside day pattern till now. is it bullish for next day ??
@ NI3 ,Sell on rises continues till a close above HEma but the level to sell changes.The new scenario is "Buy on dips as well as Sell on rises" till a close above HEma.In simple terms:Above HEma:- Hold Buy.Below LEma:- Hold sell.Between HEma & LEma:- Trade the supports & resistances.By understanding TA, one would be able to trade the direction which would add sharpness to trading strategies.
Amol,lower low both in ns/nf.so no inside day.
Sir ji, Suppose if this is the reversal, market made a low of 5477.20What could be this reversal point from earlier rally.Please educate us to understand the probable supports for reversal in correction on Nifty after a huge rally..
closing avg anyonethanks
Nifty Future is trading with 8/- premium. What does it mean. Does it mean more selling in futures ?
Sir,is it better to hold/buy 5600 pe at this moment?
day before was inside day, yesterday outside day, and today reversal :)
closing avg will be around 5558-5560
@ Anandha,I do not see it as a major reversal. It is most likely to be a ST one.
Sir,to buy/hold 5600 pe is based on----upmove in down trend is usually not last more than 90 points.(5569.25/5477.2= 92.1)
Sir,Thnaks a lot for clarification ,cleared all my doubts?and concept of sell and buy ,nitin
@renju Sthank you..
Camarilla EOD Comment:Aggressive Trader could have booked atleast20+20pts H3 SELL Safe Trader Entry 5510-5500 only possiblefor safe exit or -10pts Loss.Second TradeH4 BUY@5559Cost to Cost email@example.com -10The excellent[LONG] movement could not be catchedif only traded using Camarilla.
Dear Ilango Sir,Very good education today. Keep guiding us. Thanks and regards.
Thanks to you master for such dedicated handholding today .........
Expecting the lead indicator to give JNSAR at 5632 a Sell with the lead indicator also accompanying the same. :-)Higher T/Fs still in "Hold Shorts"below 5582-85.
Option analyst Mr.Sanjay,Waiting for your analysis.I see more trade on 5800 CE rather on 5700PE.Any updates on this ? which may decide the market move?