JNSAR 6008 now :)
Sir and blogmates, please advise if we should short at 6008 with a SL of 6028?
GOOD MORNING SIR AND BLOGMATES
Bulls trying to hold last support.... 50 Hr SMA. (6014-15).
BN has an unfilled gap @ 10665-10797. Took support@10798 just above the gap. Watch for weakness if the day close in the gap.
@AijazJNSAR is 6008 now, you short below 6008 with SL of 6028 and reverse to longs above 6028..
@ Ilango Sir,Do you see B completed yesterday and C in play downward?Could you please educate with possibilities of C completing above A(@5566) ?
Sir Yesterday the abandoned baby was concieved.Last night labour painToday delivered.
respected sir can we consider the support of 5993 now
resp i lango sirdoes that level of 5993, that we have been mentioning a long back, whole week, last week, still stands valid for a supportkindly replythanksregardsOM SAI RAM
Thank you Jigar..done !
Namasaram Guruji and blogmates.Vinay.
respected llango sir can we consider the support of 5993 now
After a long time JNSAR,DHEMA,DLEMA, and Dev.MA taken outThanks,Renju.S
Golden Ratio (5990) breached, Hope 5960 breaks today itself.. ND sir break down target is 5930
But the larger question Tomorrow's expiry volatility...will that cause a whipsaw?Thanks,Renju.S
Rosemary Ji,Ya good level for the shorts to carry forward is as you said 5930-5960...keeping in mind tomm's volatility.Let keep our finger crossed for ND sir target.Thanks,Renju.S
Anyone having the extended support levels?Thanks,Renju.S
last rise 5926to 6093-167 point61.8% is 5989low ema 6005-20points also on5985 may be good support or not?
Dear Ilango Sir & Blogmates,OI Table Update at 11:00AM, Pivot-6088, S2-6050, S3-6013, ATP-6034, VWAP-6034Huge Huge addition at 6000-6100CE, panic setting in at 6000PE, but stillOI above 81 lacs, upside for the day is capped…Thanks & Regards
Waiting for Sir ji full of red color chart and numbers ... :)
5989 is the 3 D away rule of Edwards & Magee whihc is wiedly usedin developing market as SLO touced.High of 17 5989 market made low more than this for 3 full days.If EOD Clsoe < waterfall.
Dunno why this jnsar figure of 6008 is gaining importance now..that ll be applicable in last 30 minutes only..Jnsar for the day is 5992 and that only should be used..Ilango sir / seniors, please correct if I am wrong here..
@Harish Tahkkar: Kindly elaborate a bit for education purposes - sounds interesting...
jai ho ilango sir
OI analysis is reliable or Elliot Wave is the question to be asked.
Obsessive Ji,6008 is the key because the weakness was spotted below 6030 and much more after ND's beakout target- 6015.Thanks,Renju.S
We have been tracking the rise as a corrective "abc".Post "a", "b" developed as a triangle and triangles generally precede a top.Accordingly, "c" played out as an ending diagonal & stopped @ the resistance zone.The price confirmation was awaited of breaching the last low-6023; it breached @ open. To sell on rises, fibo., retrace was done as 6047, 6055 & 6062.Nifty touched 6047 and falling & in the process broke the channel support too.Why, then, are you looking for "supports" at this juncture???Bus has just left the depot. Isn't it??
I am tired of seeing such posts which predicts insane targets, every time market makes a low or high. Please provide a time frame and justification, rather than predicting a free fall or upward movements. Just a month back people spoke about 5200 as Nifty targets and then went hiding. These mails only satisfies personal ego without any help.Ilango- sorry , if I have overreacted, but wanted to share my views.
Good Morning Sir,Should we consider 5970, 5945 (5941, Weekly S1) and 5937 (5935 50% retrace, 5776-6093) as 1st lot booking area?Per TT as on 11:00 am WEMA(5960-5942)...
excellent - so now we can say (ofcourse need to wait for EOD) that we ahve turned at 6090 i.e 80% of the retrace !!!!
resp. sirtruely saidbus leftbut can we have a rough rough idea, which station, the bus might get a break for lunch or dinneralsowhere are we heading toothanksregardsOM SAI RAM
i am a bit confused on 1st lot booking as 6093 is now wave 2 and looking at the bigger picture 3 will unfold.
@ Master and all friends,Jai Ho....
illango sir where will be next support level for nifty
Sir I am muted long ago. but I entered JNSAR Trade. Thanks.
Why I always travel in City buses where bus stops at every bus stops and why not in intercity bus. Again missed this downfall. Seems it wont retrace back to enter into short.
Market at its' old critical level of "5970"; some tussle is due here.
@ IndieTechAs defined in the book of Edwards & Magee :" The entire price range for three full days must be entirely abovethe top price for the day making low.This " three days away " rule,it would apply in reverse in decling market,where the range for threedays must be enitrely below the range of the day making high."
GM Master & JN family,Extnd 1st in C lable has worked , and how !Impulsing below Dev.Dlo , statistically will seek 68% zone @ 5900-5920-5940 NS, before any consolidation attemptshave a gr8 day !
Master, Thanx for timely update at 9:30amMaster any suggestion for placing SL who has shorted at 6042 level
@ ravi,As long as Nifty keeps below either 61.8% or 80% of last fall(Presently from 6093 to 5968), it will attempt to "close below 5942" EOW-26th July to confirm a weekly reversal and would attempt to "close below 5858" on 31st July to continue month downtrend.Once these happen, we could look at other likely targets or key supports combining TA+EW.
Sir, is it advisable to keep retrace ready for 6047 to 5968 fall ready to enter into short position?
Namaste Ilango Sir and Friends,Seems like my Intra OI Comment has been gobbled up by SPAM BABA:P
PLEASE DON'T INTERACT WITH INTRUDERS......
"""and would attempt to "close below 5858" on 31st July to continue month downtrend.""" sir - y not v expect the above 2morow as expiry bonanza?? wild guess but will trade according TA+...lead indicator is the king..if at all the above holds i will bet for another round of upside then fall in august??? looks like the set up is going on like this i believe (not a belief..hehe in....n) is it matching with ur critic sir??regds
It is magic of EW that 6000 break & Master's magicTA file which helping many us like trader
Lead oscillator on hr chart still indicating more fall is due during dayMaster any suggestion for placing SL who has shorted at 6042 level
Master Need your help to understand the current wave structure. Pls guide.The rise from 4531 to 6229 was having a 12345 wave form. So next a corrective abc move was expected.A ended as 6229 to 5566 B currently ended as 5566 to 6093and Now C wave has started with possible targets of 5500-5600. Is it correct ?If correct then how can we predict in advance that what will be the wave structure of C. based on the waves that has completed.My confusion is will it be abc or 12345. ?B.a was straight from 5566 to 5904B.b had 12345 structure and B.c had abc form.Since B was abc can we say that C has to 12345.and further since B.c was also abc then next C.1 has to be 12345.Or there is no such logic and it can be anyways.
GM Sujatha mam, I believe in intra week we can see price below 5942 Also I think EOW close above 5942 As US SP500 is in Intermediate iv wave correction that MAY BE started yesterday and after that Int V will start in August as per Tony sir report
Master, thank you for your continue guidance.
If this is the reversal for Major C than in my understanding it will not give any chance on upside to liquidate kings or create shorts.Its going to be a waterfall.
@sujatha9 d rsi made a new high yesterday indicating momentum up.
New Post Done.
@ SjKol:one will NEVER Know if this is "Big" Py degree "C/Y"For all we know, BIG C may have started @ 6229 & this may be BIG C.3 starting today ?All these r too speculative lables to be used for ST trades , isnt it ?
respected sir, the fall when RBI moved last was of 128 points6038-5910...this fall till now has been almost same6096-128-5968...moreover 5970 can be a tussle point as has been a support previously...lets see the retracements..might be another angle to book intra trades and re enter??
i guess days low is at its place nowand on upside 6016 is capped till tomorrowmay trade in 5960-6016 till tomorrowtotal prem in 6000ce +pe is near 66 .they will make it 0-10
(typed an hour back, missed to publish)My observations:1) since June 28, 100 hr sma has given support. (Presently its value is: 5947 spot.)2) earlier area around 5970 (spot) has worked as resistance, now this could give support.