Sir. instead of impulse can A= 5937 to 5994 and B = 5994 to 5968 and c = 5968 to 5999
@ S4S:Intra rise from Days Lo resembles a Rising Wedge / -ww ?? Brkdown < 5985, to 5950 , is that a possibility ?
@ shriram5981 levels to be watchedexpecting a small move abv 6000then may dip towards 5981-84 range near 12.40pm
sanjay jaiswal is needed on OI update....
Bang on S4S,5980 @ 12:40pmwhat next?
Master good afternoon : BN is comfortable trading below 21 & 34 hrs sma..
jai ho s4s
@ S4s:yup, the small -ww has played out.If bulls cant regain 5990-96 soon, the -ww will transform into a ZZ & may see a bigger fall to Dev. Dhi ..
GA Sir & All Friends.
PSC close for BN is way up @ 12726.85.. looking at this ns will follow . the first thing moves in mkt is Money..if BN stocks are trading below PSC..NS will follow soon.
i guess this dip is for writing ITM pe
will 21 and 34 give support?
Till JNsar does not catches price mkt will keep gyrating ..eating premium of options..expiry is also lengthiest in this series..
@ atharva..considering you statement... what would be your option strategy?
seems 21, 34 are to be tasted today again! market is listless
BN is defi the weaker index...see today's clues trading < DhI & now unable to scale dev.DEMAIf Dlo gos, its headed to 12,300 (Dev. WkHi)Cu after sapaad, Bon Appetit!
Historically May has always been vacation time for markets meaning Nifty has gone on vacation 80% of the time statistically over the last 13 years. Just a vacation perspective. :):)
BN: seems 3rd wave down is on
Sam : I trade only NF.. no options..that too with JNSAR along with AGNI levels fr MR. Nandi for clues..
dear atharva jicn we buy ITM options?
Dear Ilango Sir & Blogmates,OI Table Update at 1:00PM, Pivot-5987, S1-5950, R1-6045, ATP-5976, VWAP-5976It has happened, but Nifty did not fall much, but have consolidated within the range of 5930-6000 for the time being with huge addition at 6000-5500PE levels, now falling below 5800 looks improbable for the time being…Thanks & Regards
Did not cross 6001(80%) but broken "5957"-61.8% of 5930-6000.
DD : if you want to nr 5976..with master's given sl @ 6001.. Now SL is too big.. I do not see any adv right now.. Today agni is @ 5979.. SO these levels matches quite often..
BN hits the JNSAR 12469...
Lango sir /Shriram , day JNSAR hit , what should be the take now for longs is the trend reveresed ?
5951 is support of T/L joining lows of 5868 and 5930cmp 5953will it bounce from here??
Sircan we short Nifty since BN JNSAR is hit?
@sometimesbullsometimesbear agree. vacation. mine planning going on.
a channel pattern forming in 5min 3 day chartsif bounces from lower T/L near 5951 then it may be fast
@sometimesbullsometimesbearcan you please share the data?
I think we can now try some conservative sell (if not done in the morning) keeping 50% of 6001-59xx as SL.
Nifty between 21 and 34 hrsma
@sometimesbullsometimesbearjust 13 may's high low would be fine.
Keep eye on DHEMA @ 5962 & MHEMA 5978
when was the last time we had a Inside day on RBI day ?
This market should not be shorted even now as the daily, weekly and monthly technical are still in favour of bulls. Only intra day shorts are advisable till more weakness is visible. Because of strong TT, it may show sudden and sharp recovery in the afternoon.
Ding A Dong :) u can pull historical data from this link ...it is very simple. :):)http://www.nseindia.com/products/content/equities/indices/historical_index_data.htm
@sometimesbullsometimesbearthanks for the link while i felt you have ready data and commenting based on that...I just checked last two may's....2012 may --- 350 points btw high low2011 may --- 400 points btw high lowwhat made you to say that Nifty is on vacation?hope you are not an option writer? hahhahahah
@PRASHANTH,there is weakness in strengthstrength in weakness DODGE THIS NOW WHAT?
New Post Done.
expected bounce from 34hr sma is not happening
Posted rbi policy details VIZ a viz nifty in the group
Ding A Dong:) when the cat is away the mice play....:)) I just meant May has usually been a down month --- but JNSAR will signal this beforehand if at all. We are just in the third day of the month. :)