Good Morning Sir & Blog-Mates, Have a Happy and Prosperous Day. ♥ -Camarilla Keylevels - Nifty SpotH4@5959 ↑H3@5933 ↓L3@5882 ↑L4@5856 ↓Trade Wisely & Get Rich Steadily.
GM Master & JN Family,Day for Week Trend to show its hand ...hv a gr8 day ahead !
shriram ji, then nifty shall be like the dialogue of prithvi raj kapur,,yeh week trend tumhein girne nahiin dega aur down trend tumhein uthne nahiin dega , anarkali, nifty!!
@ Piyush Sharda,Last month both BN & Nifty completed evening star patterns.While BN's 3rd candle of Evening star closed well below the middle point of the 1st candle, it did not happen in the case of Nifty.Accordingly, the pattern had a strong effect on BN which shed 1000 points while Nifty ended up as having a "Stalemate" kind of situation. It was clearly marked at the start of the month in both "JustNifty TA" and "BankNifty TA" files uploaded in the JNgroup.Today's price close in Nifty would confirm whether the "Evening star pattern" that has developed in Nifty during the last 3 weeks is a valid one or a failed one. Hence, the middle point of 1st week candle @ 5921 is also crucial.
respected llango sir its a request why not we arrange a contest everyday for its close of end of day but participants should gv an explanation for why they think of there level. i feel with reasoning explanation by seniors it will help new learner like me to learn the way of approach thanks
Good morning, Master!!is it always a high probability in an ABC that if A unfolds in 5 then C also would unfold the same way?? and if it unfolds in 3 then it shall follow..both being impulses?
thanx for reply jvri think i found the answer.previous candle body 5833 6009 . mid point 5921
Namaste Ilango sir & JN Family
sarvesh and we r salims stuck in b/twn ;-)
shriram ji, i second that!!!
thanks for the detailed reply sir
shri ram ji, can you answer the question i asked sir about,,,??
Dear Sir/ FriendsI am not clear if I follow the EW label given above (I am trying to learn EW, hence ignore if found too basic or completely idiotic):My understanding is that 3rd wave should be greater than 1st or 5th. Hence can this be the possible labeling:From 6093:1.1 - 6093-5962 - 1311.2 - 5962-5998 - 361.3 - 5998-xxx. Should greater than 131. Can go to around 58501.4 - to some value1.5 - Comes around 5803.
ABC retrace might have been completed.A 5896-5943B 5943-5914C 5914-5944(Done or still running).
GM Ilango sir.Is there a probability that Nifty see the levels of 5970 - 5975 which is low of (i) of 1 of C?Lead indicator shows highly over sold.
Sarvesh:is it always a high probability in an ABC that if A unfolds in 5 then C also would unfold the same way?? Ans: If A is a 5wave IMPULSE, C will most prolly do 5wave Impulse or do a CT (ED 3-3-3-3-3)and if it unfolds in 3 then it shall follow..both being impulses?Ans: If A is a 3, C will still do either a 5wave IMPULSE or can do a CT/EDMany times FLATs can morph into WXY or Complex Combos in such cases every wave is a 3 !
thank you, shriram ji
Cam L3.....S1.....5803 to 6093 73%..all around 5880......
thax shriram sir
SBIN 10:00 to 11:00, almost all candles are black on 5-min chart, 15-min chart.
Dear Ilango Sir & Blogmates,OI Table Update at 11:00AM, Pivot-5970, S1-5910, R1-6004, VWAP-5958Bulls trying to develop support around 5900-5800 level at the start of the series and Bears adding at 6000CE, range bound trade for the day…Thanks & Regards
11.00AM TT & Chart Updated.Pre-Mkts' "5942+ resisted;Moving towards lower levels discussed.EW's objectivity leads you well.
@Sanjay Jaiswal,Big premium of 35 points in nifty futures. Any specific comment on that?
Above "5915", (iv)th wave is still on.
Good Morning Master and friends.. have a great and Prosperous day ahead!!...Was not in station, now back to action!! :)
Sir,Probable end of vth could be at around 5870 ?
Master,5waves done intra on BN ??
Master A request please,Could you please reiterate the nifty EW proabable counts. It would be really helpful.RegardsDeepak
"iv"th on above Hlema 5915 may seek 5946
iv looks done @5951.75 with 3 sub waves and 3rd subwave end being a pin bar in 5 minutes chart.
levels I posted are of August Nifty Futures. iv looks done @5951.75 with pin bar reversal.
@ shriram,We clarified it yesterday with validation & invalidation points.It is in the middle of the steep fall; only a move past 10700 would negate it.
i think ivth is 38% of 5944 to 5898. am i correct master?
@ Okay,Enough labeling is there in "JustNifty TA" file and in "Intraday updates".Presently, only one option is being followed & also labeled.
Master,intra sir..From days hi to now, have we finished a 5fifer?
i mean 5915
@ shriram,It looks like a 5; but I'll be very cautious considering the strong trend.
ananda-5888-5817 is a gap support,so end of v can be in betwwen this range.master can give some idea.
In Nifty, 5944.25 to 5897.80 is 1st wave down in its (v)th.2nd wave done @ 5918.103rd wave is on.
New low on spot and NF toooo...but not new high in 6000 pe......
New Post Done.