No noise in blog other than these tippers. So calm and peaceful.
Corrections continue till below 5943(80% of last fall.)Above 5943, two critical numbers 5971(multi resistance) & 5985(80% of 6112 to 5477) have been crossed.For the day, R2: 6015 done. Part booked.Keep retrace of 5882 to 6016 to manage trades.
waiting for 6030-55 to book and reverse
@ rajapvt Ttppers are always big noise because they do not have nose.Tippers patterns " Always down curving tails !Only down trends Never uptrendsNo tops ( minds ) no bottoms ( hearts )They do not understand,we should understand.They under sand to understand !
Good Afternoon? 5 waves to complete on 5 min chart from 5865 to 60XX1..5865-59072..5907..58843..5884..60124..6012..59975..5997..60xx
above 80% 5985 (of 6112-5477) 1.132% of 5971-5477 comes to 6036
Wow, never knew being still & silent can be so rewarding. JNSAR is really god!!!Thank u sir for all your efforts.
Dear Ilango Sir & Blogmates,OI Table Update at 1:00PM, Pivot-5921, R1-5974, R2-6020, ATP-5982, VWAP-5982Market seems to be smelling a 50 bps rate cut and scaled 6000 with ease, good support building up around 5900PE, with OI now above 54 lacs…Thanks & Regards
GA Master, Master Any view at this stage on nifty on shorter term & long term
SirAbove 6017 +++ another double flat running in 2 minBelow 5994--- correction may ensue
Sir, any update on the conservative trade ?
sir now most pref. view is weekly which you mension last week?currently 5th wave is on?
Guys keep booking profits at this high point.May by EOD market may see some correction due to pulling out money from market considering the news event.
@ Abhi ,The corrective scenario ended when Nifty paused @ 5945(80% mark) and moved past it.Conservative trader takes the entry @ 5945+.If not done, it is better to wait for a pull back and see how the technical set up looks during such a pull back.@ divya thakor,When Nifty moved past 5872(80% of 5971 to 5477), it was indicated that the 5th wave is unfolding.
@ illangoji, vix not coming down so what look like ?
sir if 5th wave unfolding than how to lebel wave on daily t/f?orit will count as on hourly 5 wave comleted than 5th will done?
@ Nilesh,It would mean that the rises above 5900 are of speculative nature.Unless the RBI policy brings in a "structural change" to bring in "Investors(delivery based)", this rise would not be sustainable.It is "event-biased".
atti nahi bn-f < 12670
@ divya thakor,5th waves are "swift kind" or of "Rising wedge kind".This 5th is a swift one and attempting to label its sub-waves would be challenging as "sub-dividing" would be many.Though Day & week are reaching overbought zone, there are no weaknesses yet. Never the prices closed below HEmas.The trailing number should be read as "5933"(80% of day's rise)
thanks sirthank you very much
sir sorry to disturb you again and again.but i have a doubt.sirhow will we know that 5th will be truncted or complete?will there any kind of rules that will guide us that 5th will truncted or complete?
New Post Done.