Thursday, June 13, 2013

Nifty gaps down again in its "(iii)"rd of the iiird wave..

When you take a step back from the "Intraday movements", there is an orderly movement in the market on most occasions once a trend is in place; the chart has only once a "whipsawing phase".
To take advantage of the signals produced from Day T/F along with the higher T/F alignment, you need to have patience; you can develop that patience by "always keeping the larger picture in mind" while watching the smaller T/f movements.
If you have followed "Reading oscillators" from our "Labels section", you would not get unduly perturbed by the persistent "Oversold conditions"; the dotted stay of this lead indicator under the "20 mark zone" is another confirmation of strong trend; You have seen such dots in Hour., now in day....be watchful of it in weekly charts.
Before you make one comment., before you raise one more doubt, please read..read..and read again & again the write ups under "Applied technical analysis", "Reading Tech Table" and many other write ups in this blog over the past 5 years. "These colours don't lie".

I have not been keeping well since Sunday and this silence has brought out the "Best" in some and "worst" in some. We, all, learn something about ourselves everyday. Let us not judge ourselves harshly. Start a new day but with good preparations.
If you read the good stuff, store them and reread them when your confidence gets lower.
Those who learnt the "Pivot trading" last week, would have benefited applying the same this week.
For the current week, God himself has chosen for me this "silence" which fits quite well for 3rd wave.
Make the most of your stay here.

103 comments:

mayank jain said...

Thanks a lot Sir,

Sitting tight with your position is really beneficial when no new signals emerge , thats what i have been doing whole of this week as taught by you.....

Get well soon !!!!

Regards

krishna said...

Dear Sir,

I hope you 're feeling better.We miss you..

Get well soon.

Tushar said...

You are too good Sir. I never seen your kind of human being in my whole life. Hats off to you.
Get well soon !
Very much eager to see gems of yellow boxes again.

Best Regards,
Tushar

venkatapathy l said...

Sir,

I don't know what you are suffering from. Whatever it is, I pray God for your speedy recovery.

Love and regards,

LV

Bala C said...

My sincere prayers for speedy recovery, Ilango ji

anand said...

Take a bow Sir!
I learnt that true teaching liberates...and I am seeing that in Action here only.
May you be back in pinkest of the health and keep showering your blessings !
Tough times/ competition bring out the best in products but worst in people. However, here in this faceless world, where we get from markets what is inside us...Last 4 days were truly wonderful...with your "remote" hand holding.
Thanks a lot and once again Bow to your dedication!!

NEVER GIVE UP said...

Wishing for a speedy recovery Sir.
Hope all will be well soon.


Charan Sparsh.

Abhi said...

Sir, wish you a speedy recovery. Get well soon.

Crorepathi said...

Impeccable dedication.
It inspires from the heart, love you Sir.
-Venkat

shriram said...

Take care Master, praying for ur early recovery to good health.

Wish we could hv met last week, may be a better time shall allow that pleasure !

rgds

Guru - Trading Nirvana said...

What a co-incidence last week you had given an article

(http://tradeinniftyonly.blogspot.in/2013/06/it-is-about-simple-awarenessthis-is.html),

"It is our default setting, hard-wired into our boards at birth" arriving at conclusions :P

Pattern Trading said...

master ... please take good care of urself ....

Kirubanandam T said...

Get well soon.ilango sir.....

madamuniramaiah said...

DEAR SIR,
Prying GOD for your speedy recovery my dear master.

paddy said...

Pray God for your speedy recovery!! Its amazing how you could do timely updates inspite of illness!! I bow to you for the dedication!!

Manish said...

Dear master,

Wish you "Speediest recovery possible".

Take care of your Health.

Thanks and Regards.

Andrastyle said...

Hi Ilango Sir.......wishing you a speedy recovery.

Adrian Jose said...

I would like to express my sincerest gratitude to … ... Ilango Sir,
from your guidance, great kindness and patience and
I wish to say a heartfelt thank you.and Wishing for a speedy recovery.

Ayush Roy said...

Enjoy Rakhi with your lovely brothers and sisters along with lovely assortments of gifts. Send Rakhi to Singapore
along with the lovely gifts that is present in the store www.rakhiworldwide.com/rakhi_worldwide_product.asp?country=Singapore&delivery

meant for your brothers and sisters in Singapore.

Lalit said...

Get well soon sir

Harsh Mehta said...

Get well soon Master.. Want to see you in action as usual.. Really miss those Yellow boxes.. If I don't see any, I don't read any comments at all.. Btw, I don't trade day to day basis but, I just come to learn from your inputs, your temperament, your patience, your attitude towards life and market... Simply reading you itself is fulfilling for me... How much I wish to be atleast little like you.. my life would change for much better...

God Bless you Master...I haven't seen God, but he ain't much different from you. :)

suresh said...

sir ji,
Wish you a speedy recovery.

Krunal Gajjar. said...

Dear ILango Sir,

Praying for ur Recovery,

Get Well Soon n Take Care.

Krunal.

Soura said...

Get well soon sir..may bless you

Parimal said...

Dear Sir Ilango
my sincere-most prayers to the Almighty for your speedy recovery, maintenance of good health.
May the Lord offer you complete wellness!

ankita said...

speedy recovery sir, get well soon.

Piyush Sharda said...

wishing u an early recovery sir

ankita said...

inflation figure leaked, 4.37

rajapvt said...

Get well soon Master.

Kumar said...

Master,

Thanks a lot for your comments.

Take care of your health. Get well soon.

Pranams
Kumar

SANPOT said...

Dear Ilango Sir, I am feeling very sad to hear about your ill health. I can only wish you to get back in the pink of your health at the earliest. Wish you a speedy recovery. Please take care.

DNSHUKLA said...

Take rest Sir. Wishing an early recovery.All the best.

SANPOT said...

I am sorry that I am not in touch with you for a long time as I am busy preparing for the biking expedition to Leh on my Royal Enfield. Really missing you Sir.

R.S. SUNDARAM said...


dear Ilango sir. May God bles u with robust of health. Wishing u a speedy recovery. Bye and take care.

JN-Follower said...

Dear Master, hope you recover soon and praying for your well-being.

arvindkering said...

Dear Sir,
Wish you a speedy recovery. Get Well soon, missing your guidance.
Arvind

Prakash said...
This comment has been removed by the author.
Prakash said...

I pray for u r health master
miss u sir

Viji said...

Hi Ilangoji,

Wishing you a speedy recovery.

Take care of your health.

Shyam Biyani said...

"Pahala SUKH nirogi kaya!"
Sir, your being healthy is more important than your wealthy thoughts here. Take care,

gauresh59 said...

Namasthe ilango sir,

My sincere prayer to the Almighty for your speedy recovery.

Get well soon....Take care and enough rest till you do not feel well.

I must admit that your silence has taught too much. It has become a live formless teaching element just like Aklavya realised in the statue of Guru Drawna.

ravi said...

Get Well Soon Master. Please take sufficient rest and medicines in time.

Ravi Prasad

u.k.Raj said...

http://www.2mfm.org/pictures/img565.htm

chetan said...

dear master,
get well soon.take care.

Natti said...

Sir,

Get well soon

Mehar said...

Wish you a speedy recovery, Take care sir

suraj804 said...

Get well soon Ilango Sir

Nilesh Patil said...

Get Well Soon Master.

Varadarajulu Venkatesan said...

Don't worry Ilango sir, Our prayers always with you for ever.

J.R.Julius said...

Good Evening Sir,
My sincere prayers for your health.
Get well Soon Sir.

amber said...

Sir ILango ji our sincere prayers are always with you for a healthy recovery thnx

Debdeep said...

Get well soon Sir.

SJkolkata said...

Sir,
We all are missing you badly.
Please get well soon.
Regards,

vksoni said...

ilango sir,
you have to be healthy for many who behind you.
God please listen all of us and give a good health to sir.
jay govinddev ji maharaj
jay shri punrasar

Madhav said...

Dear Sir,
Please do take care
Wishing you very Speedy recovery

mynac said...

Dear Ilango,
Wishing you speedy recovery...Get well soon....

HARISH TAHKKAR said...

Respected Sir,
My sincere-most prayers to the Almighty for your speedy recovery.
Please do care most and 1st to your health only.Everything else is
sescondary.
Regards.

veer said...

Dear Ilango

Wish you a speedy revocery and my sincere prayers to God for the same.

Regards,

Veer

Nilesh Patil said...

@Master,
http://prntscr.com/19rgtk
Pls look at this TL Supports.

raghav setty said...

Sir, wishing you speedy recovery.

manoj kumar said...

Dear Sir,
Get well soon, take care

VK said...

Hello Ilango Sir:

Take care and get well soon !!!

Regards

Vinod

Prasad said...

Dear Sir,
Get well soon & please take care.

D.S.SASAN said...

Respected Ilango Sir, wishing you speedy recovery, pink health and yellow columns.

satheesh said...

Sir,

Take Care. Our prayers for you to get well soon.

sarvesh said...

wish you all the best for your health, Master! Please look after yourself for the sake of all of us.

Gita said...

Get Well soon Master.

Love and Regards

Anandha said...

@ DKG

They tied my hands,Luckily I'm allowed read the blog but could not comment when I'm at my work place. Yes 6000 PE gave wonderful profits. It reached beyond our expected prices. Do you have a method to calculate the option price while estimating Nifty SPOT price? Please share with us.

Its not the first time Master is silent here. 2 weeks ago also master was silent.When he is silent, I felt like he is suggesting us sit our fingers crossed to watch nifty with our trades at support & resistance levels. I take masters silence as instruction to be into Yoga.

No Noice, No confusion, No destraction, Until the words appear, just stick to TT and words on charts. No pings, no interruptions to master.

Request to all blog mates to reduce the noise here.

Have Good Day !

Okay said...

Master

Wish you my sincere wishes.

Regarding my understanding on labels...
If today blue (v) ended at 5683...then retracement would be as follows for 3.iii.i (5972-5682=290):
a: 5682-5722= 40
b: 5722-5691= 31 (shy of 80%)
c: 5691-57XX

Probable targets for c
5731 [c=a]
5749 (23%) [c=1.45 a)
5785 (previous 4th top and close to 103 point retracement seen in 3.ii 5869-5972) [c=2.35 a]
5792 (38.2%) [c=2.5a]
5827 (50% and near critical hour emas) [c=3.4a]

Okay said...

Master ...one more thing,

Had really got used to your yellow highlighted comments during daytime !

Stockathon said...

Please get well soon Sir!

STOCK4SURE said...

Sir

You mean a lot to us....

and so does your Health and Happiness.

So Here's a wish to say

Plz Take Good Care Of Yourself !

get wellllllllllllllll soooooooooooooooon

prasan said...

Dear Sir,

Wishing you very Speedy recovery

The_Unprejudiced_Observer said...

Wishing you speedy recovery.
Take care.

The_Unprejudiced_Observer said...

Wishing you speedy recovery.
Take care.

anmpatel said...

Get well soon master...
Take care of urself...
Aur kya kahu..picture abhi baki hai mere dost!!
Love you.

marina s rao said...

Master, Wish U speedy recovery. Praying God for Ur healthy and wealthy long life - M S Rao

ram said...

GET WELL SOON THALAIVA.TAKE CARE.
DONOT BOTHER ABOUT MARKET NOW PLS.

prakashbkc said...

GM Master,

I pray to Almighty for ur speedy Recovery.
Your health is most important for us Get well soon Master

nk said...

Hi,

Wishing you a speedy recovery. Get well soon.
NK

Guru - Trading Nirvana said...

After looking at the get well msgs here, nambho thalivar oda punch nyabagam varudhu "PODA!ANDHA AANDAVANNE YEN PAKKAM IRUKKAN" :-) Get well soon Illango :)

sekhar said...

sir

Wishing you a speedy recovery. Get well soon.

Prabakar said...

Dear Ilango Sir,

My Prayers for your speedy recovery. Get Well Soon Sir.

At the same time am Happy for your Silence. This week is the first time in almost last 4 years, you took some rest. :)

Prabakar said...

Mean to say that, you took some rest in Intraday guidance... :)

Parminder said...

Master ilango,
Get well soon and my warm wishes for ur sppedy recovery
Regards
☺☺

Jagan said...

Namaste Ilango Sir And All.

Get Well soon Sir.

rochak parekh said...

sir ji

please get well soon, not for we need u, just for ur own well being and our concerns for you

please take good care of yourself,

in between please dont worry about us too much, there are too many disciples of yours to let us follow the price appropriately

thanks

regards

OM SAI RAM

r m said...

Dear Ilango

Wishing you a speed recovery.

regards
rm

suresh said...

Good Morning,
pre-mkt: ns 5660/73/80/5691<5700>5712/18/25/37

Sunnylovesnifty said...

Though I have been a silent observer in this site, have always respected the kind of help this site provides to everyone... GET WELL SOON SIR....

Guru - Trading Nirvana said...

Lets look at the key numbers for the day.

Resistance Zone - 5751-64 if managed to cross this then later 5792 will be crucial.

Support Zone - 5644-64 can lend some support to NS today

Happy Trading !

suraj804 said...

Good Morning Ilango Sir and All Friends

Sandy said...

Ilango take good care. Missing your pre-market levels for today. WWR

Parimal said...

Dear Master Namaste,
Get well soon.

ATR trade range:
Buy in the range of 5655 to 5629
Breakdown below 5629
Sell in the range of 5742 to 5768
Breakout above 5768

NEVER GIVE UP said...

Good Morning Sir & All Friends.

Badri said...

Get well soon Ilangoji. GM friends. IRAIVAN SOLRAN...ILANGO SEYYARAN...

satheesh said...

Namaste Ilango sir and all,

Today's values:
5 EMA 5789 HIGH 5730
5 DMA 5801 LOW 5683
200 DMA 5793 CLOSE 5699
HI EMA 5835 50 Hr MA5847
LEMA 5770 20 Hr MA5756
21 Hr MA5760

rajan said...

dear blogmates,please give hrly jnsar and j10sar values also.regards.

D.S.SASAN said...

Respected Ilango Sir, wishing you speedy recovery, pink health and yellow columns.

Sandy said...

a of b got over with Extracting triangle / H&S pattern target with yesterdays low. Today b of b has started. Sustaining above 5738 and protecting would possibily lead to 5870 / 5971 / 6130.

Post a Comment