GM Master & JN Family,Looks like a Simple ABC Flat in play , will be confirmed if NS holds 6150-54 .... @ Piyush:No, not this one. In a +ww , always pt 2 is > pt 4
thanks shriram,it looked to me as in most of illustrations 2<4. but i found it mentioned nowherethat 2<4 for bullish wolfe
Not able to move past 6185, attempt to reach DHEma & lower is possible.==================================Will be away for a while.==================================
A view from Bond King Bill Gross ( justification for current rally in stocks all over the world)from an interview with Bloomberg TV earlier today: "We see bubbles everywhere, and that is not to be dramatic and not to suggest they will pop immediately. I just suggested in the bond market with a bubble in treasuries and bubble in narrow credit spreads and high-yield prices, that perhaps there is a significant distortion there. Having said that, it suggests that as long as the FED and Bank of Japan and other Central Banks keep writing checks and do not withdraw, then the bubble can be supported as in blowing bubbles. They are blowing bubbles. When that stops there will be repercussions. It doesn't mean something like 2008 but the potential end of the bull markets everywhere. Not just in the bond market but in the stock market as well and a developing one in the house market as well."
does not look bearish at all. Nifty did not fall in 5 waves?
@sriramabc targets pls
Sensex is not able to gain , what does this imply?
This is MT4 Data for hourly-nifty(nos. indicated here is either low or high) A:6193B:6161C(a):6193- 100% of AB(b):6152- 127.2% of BC(c): 6177- 61.8% of (a)(b)D(d): 6145- 127.2% of (b)(c) : 6137- 168.2% of (b)(c)Regards
a small +WW may develop in ns 5 min chartsmay dip in 6153-6145 range to form pt 5 near 12 noon and then may move up towards 6200-05 range near 2.30pm
Sensex is loosing faster!!
5 points may be added to the aforesaid data to get the nifty future value. Hence target of D(d) may be in range of 6142-6150(NF)
Dear Ilango Sir & Blogmates,OI Table Update at 11:00AM, Pivot-6173, S1-6148, R1-6203, ATP-6173, VWAP-6173Fight on for 6100-6200 range domination, with 6100PE and 6200CE writers holding on, Bias is still positive, Buy the Dips should work for the time being till 6100 is not breached…Thanks & Regards
@stocksurepoints / 1-6158,2-6189 ,3-6154 , 4 6178 5 expected in bullish wolfe??
Ding Dong... its comedy commentary time...head lines...look like bears sold out of cash and just waiting for bulls to give some changes to exit hahahah and if any body short in the market, for them there is special manthra for chanting..."bears kill bull bull, bear kill bull bull, bull bulbule go away, bearbere win win"
--> backMove from 6187 NS (ysday) seems like a ABC nearing completionIf Dev. Dhi@ 6147 is held, bulls may show next upmove to 6.2K
Dear ilango is this rally is the last leg of rise from dec 2011 4750af
too many +ww developingif didnt break below 6140 then may see trgts 6200 near 2.00pm and 6235 near 3.30
$4$.... please check it would be +MM HTF charts...coz mantra is on hahahahah
@s4s, Bring it today before 2pm. pls
those with S4S say aye!!
YESTERDAY 6100ce made a freak high of 329.2 and closed at 127.1are we going to witness same price in 6100ce on our terminal soon?????chhoti si aasha
emas may soon converge in Bn and IT index 5 min chartsbig move may start after that
till it clears 6178 another can develop i think
nifty shd move abv T/L joining days highs for strengtht /l joining highs of 6188-6178-6168
Sonu Verma jaaa kabutar jaaa jaaa jaaa.....
jp assosiates and ibrealestatates if closes positive today,would be a good breakout on weekly closing basis
6135 seems to be possible if global markets continue weakening.
@sometimesbullsometimesbearNice song... :P
Is there a FLAG in formation in 5 min charts ?
@S4s:Take a look again, +WW pt 4 has been formed @ 6168 , guess one more retest of 6140-45 NS & then we finish pt 5 ??
@Master,I think 5th wave is subdividing, and currently it is 2nd wave in zigzag. Is it a valid count?
S&PWe have been in search for wave V in S&P to end for quite some time. I have raised the targets a couple of times. Now with yesterdays halt we have a 5 wave complete on the daily chart in the 5th wave of the entire 9 month rally at the upper end of the channel. In other words a critical point has been reached from where a major sell off can be expected in the near term back to at least 1535 to start with. Whether the fall has already started or forms an ending diagonal at the top is another question but we are now at a dangerous place from the US stock market perspective until something changes or new evidence shows up. On the weekly charts too most world market are at the upper bollinger band resistance and could get pushed back downwards.Source: IndiaCharts
or in EW terms"C" down from 6188 is playin out as an ED... shud end @ 6140-45
@s4s and allis it called ww on nifty daily chart from 4530?
have we witnessed truncated "e" within C ??Will blast > 6165 NSTime for Sapaad, Bon Appetit !
Shriram,Can you see any flag pattern on the 30mins chart.Thanks in advance.
Bajaj auto towards 1850 and ALBK towards 132
Dear Ilango Sir & Blogmates,OI Table Update at 11:00AM, Pivot-6173, S1-6148, R1-6203, ATP-6171, VWAP-6171First time after many days, a CE addtion is highest for the day, will the 6200CE writers hold on till end of day, right now range bound day in the making…Thanks & Regards
BN may give the required momentum to nifty
too much erosion in option prem since yesterdayyesterday 6400ce and 5900pe combined prem was 33not its near 22
emas converging in 5 min charts near 6162 cmp 6162bulls have made too many knocks at wall of 6167nsnext attempt can be decisiveits now or nevr for bullschal dhanno
@$4$too much erosion in option prem since yesterdayyesterday 6400ce and 5900pe combined prem was 33not its near 22 this look like missile is set to fire after 2 to 230 or many be in next week(Tuesday)….But on which side????????????????? I am just playing a Joker now by taking straggle with 6400CE + 5900PE it’s a perfect entry day and 10% is out on the trade any time would be great day to exit!!!! Is that going to happen ???????
--> back Saare Saand Bhai log ko adv meinHappy Bail Pola ;-)
6163 is supp of T/L which was prev res linecmp 6168
Put-Call value decreases in 3rd week
@ SjKol:Its seems a 3wave for now as long as it holds 6145.. so yes to Bull Flag on 30mins , provided Dev. Dhi Holds !
@ParimalPut-Call value decreases in 3rd week what it suggest?
kisi mahapursh ne kaha hai ki...."never short a flat market"
BN made a new high, but nS not followingLooks like we may be topping out soon, in the next 1-2 days.. keep eye on OTM CEs for any evidence of writing activity
haaaa sahi baat kahi hai ding dong bhai
at supp of T/L joining lows after 11.30am6159ns
@ Stock for sureAm repeating Divya Thakor's question...Can u notice a -ww in weekly charts starting from 4530 till date ??Thanks
Hi Llango,Today Nifty opened 18 points above the previous day's close and this rally will be maintained through out the day. Nifty might cross the yesterday's level of 6,169.90 points. What are your views about this rally?Regardshttp://www.dreamgains.com
Assuming that after today we will get a weekly candle and our pt 5 which is above 6112 i.e. pt 3
small bearish WW developingmay trgt 6143 near levels near 2.30pm
@RSwill update later after seeing chartsa big bearish WW is developing though i didnt remember exact coordinatesplz excuse
@ Julius,No substitute to CAMERILLA it seems. Working good in range bounce markets. If one can book partial profits then, taking few number of trades will make accounts green slowly & steadily.Now I wait to see Nifty break L4, so that I can go aggressive shorts.
No master,no trading.
@anadha with you 100%%%%share some profit yaaa... hahahhaah
-Div has noticed on 15min NS chart with MACD+div has spotted ( great achievement on option chart which only I can do hahahahhaah) 15 min 5900 PE chart with MACDyou are free to take your call....
New Post Done.