Thursday, July 4, 2013

Nifty, in corrective mode, exhibits "choppy " characteristics of a "b" wave..

"B" waves could take various forms just as "correctives are hard to decipher".
And "B" waves correct the "A" corrective wave. And it makes it that much more complicated.
Flat would be the sideways range, possibily "5750/60 to 5885/5910".(Preferred)
Zigzag is ruled out due to absence of 5 sub-waves from 5904 to 5760.
Triangle would have 5 distinctive moves having 3 sub-waves - possible. (Alternative)

19 comments:

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.

jvr said...

Thanks Master,

7 Reasons Why People Succeed

1)They have the desire.
2)They have a plan.
3)The have a winning attitude.
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Piyush Sharda said...

sir,

i cud not understand why u ruled out zigzag.
5905-5760 has a gap down with no overlap.
how could u conclude it wud be a 3 wave?

Piyush Sharda said...

however ta points that more probablity of flat as u mentioned . 1) close above day hema 2) candle pattern separating lines which is a bullish candlestick pattern . so as per ta probablity is more bullish ie( 5885/5910 first )

Kumar said...

Friends,

Still more steam is left to get the invitation from the master's golden blog. Mails are flooding into the inbox.

Great. Great. Great. Master is the Great.

Jai Ho! Jai Ho! Jai Ho!

SJkolkata said...

Sir,
I feel it has once again given the move from Midpoint Crisis and hence this crisis and confusion.

vijay ragavan said...

market go down or upside?

Yuva said...
This comment has been removed by the author.
Immortal said...

It's going down....second half story is written on the wall...down n out just like UPA government , time is up n over

Aijaz said...

Sir, please send me invitation to aijaz.hussain@gmail.com

Pradeep said...

Hi Ilango Sir -
What i observed , study and discover .
Expecting the more and more profit is highly RISK in stock market.
Think differently and get different. What if you are observed the socket market at least 2 hrs and take the position according to the trend .
Keep the Profit for 2-3 point in one directional with multiple lots keeping a SL handy.
This is good for health as well as WEALTH.

arvind Kapur said...

Dear Illango ji,
I hv been an ardent, yet silent follower of your blog, however i have always admired your technical grip of the market and its analysis. I would feel deeply honored and indebted to be invited to be a part if the blog.
Rgds
Arvind Kaput

deepak pinto said...

Sir
Trend indicator and rsi are levitating
Stoch is gravitating.
And the damsel price is dancing across the floor from one side to the other.
Treacherous u said
b of b of B.
Trend players will take a hit. Range players stand to rake in good profits.
Today gave a good move from 61.8 down.
The last hour of course took us right back to the start at 5848.
This is the key no for tomorrow.

gaurav said...

Sir please send me the invitation for Jn group thanx

poonam mishra said...

what invitation ! did i miss something??

R.S. SUNDARAM said...

good morning ilango sir and everyone in the blog

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