Camarilla Update - Nifty SpotTrade#1 Stopped out.Scenario#3L3@6078 ↑ can be modified as 6082+[pivot point]L4@6062 ↓Backtest Rules - 20pts SL - Partbook 1:1 - Remaining TSL using TL/MA
Knocking at 6056 (80%)
"6069-73" is the immediate resistances.(50%-61.8% of 6088 to 6049 fall)
the top in 2010, was after a Small 1 or 2 hr session ( diwali) and the fall started thanks to LIC housing.We had a small session yesterday , and a fraud report today at important resistance levels,Time to be very cautious, imho
IIango Ji,What would be the next support if WK Pvt and 6000 (avg of todays SAR and developing SAR) breaks?Can we say 5965?
GA! Illango Sir & blogmates,A couple of months someone had posted a possible gartley in nifty, i am unable to locate it. can anyone send me the link if possible.Regards.
http://tradeinniftyonly.blogspot.sg/2011/07/gartley-pattern-application-by-satheesh.html Is this one you looking for
5EMA - is it giving support to this down move?
@ pattern trading,this was posted in 2011. i am looking for the post after jan 2013 high around 6111 level.
@Harpreet,Skim through the posts in the last 4 days on this blog.
@ chetas,1st time noticed the term "imho" on JN!danger sign hein, hope no confusions from elsewhere ... Z=A tgt are 6036 for NS, need to check OTM PE OI there for further ideasCu after sapaad, Bon Appetit!
And, if anyone's following LT from last week, can consider booking gains near St.WkEMA once (1516 spot).
Namaste Ilango sir and all,Harpreet my version of harmonic:http://2.bp.blogspot.com/-gnsrVt7QZHA/UYncBAqC5nI/AAAAAAAACmM/5Fo_PUgqp-Q/s1600/8+MAY+NIFTY+MONTH+HARMONIC.png
@masterhave you spotted the divergence in the chart? is it valid and is it -ve div?ltl confused
Dear Ilango Sir & Blogmates,OI Table Update at 1:00PM, Pivot-6116, S1-6102, S2-6085, S3-6071, ATP-6079, VWAP-60796200CE writers have have made a killing and now looks like a huge resistance for the series, with intra resistance developing around 6100, still the PE writers holding on…Thanks & Regards
Use the "Search this Blog" box to find "any posted materials".
@HarpreetThis is could be the one you looking for http://tradeinniftyonly.blogspot.in/2013/01/niftys-weakness-persists-with-second.html
ATR targets anyone pls?
market is today start of correction, or atleast we see midweek level of 6100 near about. pls guide.
Master, already searched, i guess it was in some NIU-III, unable to locate.@ Satheesh, nice that u are around, can u re work on the orange line for completion of D on Saturday. Time wise the extension would make the pattern more reliable, would try to break it down to day candle to confirm the completion.Regards
Renju S : Please see www.niftyrange.in
Ilango,What is the technical reason behind such a huge fall today?
Camarilla Update - Nifty SpotTrade#1 Stopped out.Trade#2 Partbook Reached@6042 remaining TSL
@DSSThanks..from morning i guess the site was down.
Thanks a ton Madhav,was looking for this post only as it would reduce the work for my lazy bones.
6025 is broadening pattern lower T/L supportcan expect a bounce from 6018-25 range
@ bb ,Nifty has dodged many Hourly divergences above 5925 till 6115.But, now, it is joined by a daily -ve divergence in 9 day rsi.This is the possible technical reason.
Bank Of India Q4 PAT Rs.757cr vs Rs.953cr yoy
Thanks for a quick reply.
Bearish Gartley Pattern ExplanationWednesday, January 9, 2013
NF below weekly POC 6058 and also pivotnow NF near weekly VAL 6017
a small +ww developing in ns 2 min chartstrgt 6064 near 2.30pm
GA Master, Still buy on dip strategy prevail or one should wait eod as two day low already broken?
Harpreet, I have worked it out in week charts. I shall post it by EOD.
Harpreetji it is on wednesday Jan 9 2013
SAR is triggered @6067/6071. One can short on pullback towards 12/34 EMA (6068/6071) and wait for a SAR long to trigger. Prices are on NF and not NS.
@ prakashbkc ,Following the prices mean: Paying heed & respecting the new signals. The weightage to each signal comes from both from TA analysis & from the T/F they emerge.
No support is working almost 100 points down in Nifty
sir we need to also consider that dollar index is at 83.23.
STOCK4SURE said...a small +ww developing in ns 2 min chartstrgt 6064 near 2.30pmMay 13, 2013 at 1:38 PMSir, Is this still valid or its invalid point?
Sir,day jnsar has hit. can we go for short.regards
thanx master for reply
sir jnsar also triggered?
--> backMaster, Is it Prudent to consider Trend bend ?
or wait for today's jnsar
Bearish Gartley Pattern Explanation:In the chart attached point X is at 6335.9, point A is at 4531.15 and in wave AB with point B at 5629.95, we retraced exactly 61.8% of wave XA, red font fib level in the chart.In next wave down BC with C point at 4770.35 we retraced almost 78.6% of wave AB, blue font fib level in the chart.And now while we are retracing the move of BC we already retraced 127.2% at 5863.76 so now possible target is 161.8% retracement which comes to 6161 Nifty Spot value, green font fib level in the chart. but again as wave CD can retrace 88.6% of wave XA so Nifty still can reverse from 6130 as well.Target: The target would be 127.2% retrace of DA from point D. So if D is at 6161 target would be approximately 4040.Validity: The pattern is invalid above point X which is at 6335.9.Thanking you,Debdeep Singha, Kolkata.
Day JNSAR @5991. Sir wrote this on the chart.
@AnandDay JNSAR is @5991...what you are talking about is the developing JNSAR.Its your choice on how to enter either using Day JNSAR or Dev. JNSAR.
Afternoon Everybody...In-spite of fall up to 6000,there is no reduction in 6000 PE O.I.
the correction may not be more than 130 pts6114-130=5984
New Post Done.
IIango Ji,If Nifty closes today at a level where it is below 5EMA, DHEMA, DLEMA and tomm.JNSAR...what are the possiblities of a Whipsaw tradeThanks,Renju.S