@ Harish ThakkarA couple of weeks ago, you had presented a method considering daily EMA & Weekly EMA data.If developing Wekly Low EMA is taken, today's EOD may give a Buy Signal as per the method if EOD Close > 5 EMA > 5W DevLoEMA..Is this the correct understanding?
Dear Ilango Sir & Blogmates,OI Table Update at 2:00PM, Pivot-5538, R1-5560, R2-5586, ATP-5555, VWAP-5555So the 5500CE writers covered around 10 lacs OI from the morning, now a close above 5580, can see huge short covering in 5500CE, 5500 level looks good for the time being for Bulls, still no signs of short covering though…Thanks & Regards
@IlangoThe BN has lead the charge up for 4 days now...any comments on the BN will be helpful..thank you
unable to sustain above 5573-JNSAR...looks doubtful.
@ Indus,BN, technically in uptrend, weathered the Friday gap down well.IT sector, getting out of favour, would favour Bank sector normally.Its internal waves are sub-dividing upwards and it must hold above 11450(approx) to continue the upmove in ST.BN's low was made few hours before Nifty on Wednesday - an early indication.
11620 seems to be the level where many shorts could be added on bank nifty. So lets watch out the sentiment.Sustaining those levels will show more strength in Bank Nifty. Stick to the guns and be ready to ride the tide whatever the direction it moves. :)
looks like nifty is in meeting with sujata sis and JNSAR!!!
A "Flat" correction may be unfolding, considering the 3 sub waves of the initial fall from 5593 to 5559.Hence, during the next move down, it is likely to hold 5555.
Unless, the flat is done @ 5559 itself.
lo,sis,kya decide hua hame to batao!!5618/23/49/65??
@masterif today nifty close above 5DEMA-JNSAR(5573) EOD, will longs can be carry forward?
@ anmpatel,Above 5544, we have witnessed a minor strength.At 5603-5611 zone, Nifty got sold thrice but the fall have been limited.Above 5603-11, it would be a channel break out.Until then, the risk of gap down based on "results" or global cues exist.As a method trader, you take your trades keeping 20 points as SAR.
thank you master and sujatha sis.
Above 5588, upmove continues.Keeping below 5588, correction continues.
@ S4S,Can see a clear -WW forming on Hr candles on NS ?Pt 1,2,3&4 formed from 9th Apr'13 day Hi of 5603Pt 5 shud be formed @ 5630 ruffly ?1-4 tgts --> 5480 & lowerETA : 8-16 Hrly bars >>
@SMOone more thing..mynac's KST(hrly) triggered upside and above '0' line now!!!
last time when JNSAR triggered short it was whipsawed a lot around 5920(don't remember exactly) and it gave almost 400+ point...today it also triggered so many times.... let's see this time what happens!!!
Dear anm,It gave crossover above 0 @ 2 PM..
@ ANMP: optimal C=A tgt is also 5633St. WKEMA @ 5638WIll see tomo.. how the oscill / OI clues behave near this zone
@mynacyes, ture, just pushing SMO's view on right side. but it looks like nifty will close below 5573!! so staying out. let's see at 3.25pm
closing avg is 5577.5 and falling
Dear anm,Final Nifty close closer to JNSAR is called "Naro Va Kunjaro Close" :)
@ ANMP: wot is "right side"WW always unfolds to right side only with price .. if u plot time on -ve X axis then u will get "left side" ;-)
SMOjinot that right-left, mai to sahi disha me push kar raha tha...nifty ko hilane ke liye!!!
@mynacyep, but higher t/f is down so i will be better remain short with 20 point sl.
Dear Mynac,:-)Lol......Kurukshetra war "
@ The_Unprejudiced_Observer said..Yes the understanding is quiet correct,but if it is C EMA at week end it gives better results.We can trade also this waytake entry only at 3.20.3 PM EOD C 5581 > 5D CEMA 5565 > 5WLEMA 5555 (5582)As per Tech-Table data.I was away so could not reply.
5573.85....but 5555 preserved.
respected sir below 5588 corection continue sir as per my understanding this is level of 5dema as u hv shown in table so will it b correct decision to keep put for 2moro and what oter factors made u to choose 5588 number i m crawling baby in this market pls hold my hand sir wanted to learn ew i fail to understand it completly pls guide
closing ave below todays JNSAR so no longs.
closing avg would be 5571.59 below JNSAR and there was a tick below 5555.
@ Harish ThakkarThank you.
oh...thanks masterclg is 5568.4 below JNSAR butthe last 2 min low was 5555.4 so 5555 is still preserved. very precise EW analysis...thanks.
Dear anm,last 10 minutes...almost no intra NF short covering in today's 2.20 Cr.O.I. but 4.25 lac intra short covering with price appreciation in 5500 PE yet indicates uncertainty...so let find out it tomorrow....till then Bye everybody...