Thanks for infomation, anand
Namasthe ilango sir and friends,Today’s quote received :The happiest people do not necessarily have the best things. They simply appreciate the things they have.
"5858" is channel res. for the current hour, also MEma.
Sir,Also Golden Ratio for fall from 5876-5823 is 5856.Intra strength may be tested here i think, if day high (coinciding with day pivot) is crossed.
Sir, I want to have track on expiry, will minor or intermediate wave following help me?
so is 200 DMA...a lot coinciding at that level
Probable bull flag on 2min candles.. can seek 5855-60 NS in next 30mins , brkout > 5838 NS ?
@ Crorepathi ,To have a track on expiry, follow the week TA. Next signal to look for would be a likely close below WLEma EOW. And then fine tune it with day TA a week before or during the week of expiry.
This may be his last policy meeting. He is going to retire on Sep13
RBI Policy at 11 onlyjust in :Webcasting of First Quarter Review of Monetary Policy 2013-14 – Will be activated 11 a.m. todaycheck on RBI website for webcast link or better switch on the TV to listen to Dr Subbarao!Though - trade on technicals and not news- but the rollercoaster is really worth experience!Enjoy next 3-40 minutes of "waves"!
@ JR Julius siri have the video on 'The secret of life' of 1 GB.how can i share this with our blog ?
Dear Ilango Sir & Blogmates,OI Table Update at 11:00AM, Pivot-5891, S1-5858, R1-5911, VWAP-5877No ITM CE or PE addition for the time being, Writers waiting for the all important RBI policy action to take position…Thanks & Regards
5858+Indication of Sujatha turned on her Terminal.:p
No change in RBI policy rates. Now back to technicals at tussle for 5856 levels !
as per reports IN RBI POLICY DOCUMENTno rate changesrepeat references to qe3 and ben bernake ....this shows how much the us money printing has saturated world economy ....so tomorrow us policy ..will decide direction
@ JR Julius sir,My net is slow, i will check it later. thanku sir
channel + 200 DMA resistance !
Bull Flag has played to tgts & met Shani Maharaj as master has posted.SELL ON RISES HIGHER TA RES, IS ON BIG TIME !
JR Julius sir,My net is also slow.Target done for the day.for 1st round of bouts.Now for Sujatha mams turn.When she is done Bear hugging againRavi.
@Shriram : If you have played intra-day with your flag taget, - in last 30 minutes- MUST salute your Fast Finger given the ripples made in NF around 11 AM.It was mad rush !
rose mary , kindly update whats the 5876 , is it the friday 3 pm low thnx
@ Ilango sir,Do you see 5860.65 as 4th wave ?and Nifty now moving downward towards 5760 levels as the last down move in 1 of C ?
5830 is 50% of the corrective rise !...
(iv)th wave is in progress as a flat, considering the 3 waves(iv).a from 5823 to 5861.(iv).b in progress.This scenario has "5820 to 5860" range to unfold for some time.If 5820 is broken, the above scenario gets rejected and the impulsive downtrend continues..
@ Anand:It was a case of Tgt being met @ 5855NS & awareness of St.mnEMA aboveENTRY , EXIT pts have to be clear before we take a trade , is it not ?And it also depends on the instrument that one uses to trade.. Instrument VIX often amplifies / adds on top of the VIX of the underlying scrip, esp on such NEW DAYS...
Sir,Seems like Nifty just read the last line of your post in a hurry :) Next stop 5760.
Faster retrace of ED @ 5803 on the way.Another bearish confirmation.
@ Sandeep Koppula,5760-76 zone, the "b" triangle support during the upward journey from 5566 to 6093.
@Shriram : Totally agree !Taking cues : Does that statement means you can trade VIX also ? (Or its from options only what you!)Now any part booking targets ? 5767 ? 5820 is gone !
Satheesh:TELCo --> EMA conv Brkdown ? :-)
@Mr.Ravi Pillai,Good Morning Sir... Have a Nice Day...
Sir do you see Nifty target at 5791 as channel support for end of 5th wave ? or can we expect 5760 ?
Right Sir. Thank you. In Monday Pre-market view you posted"Staying below "5894-50dsma", the selling pressure is likely to increase to bring Nifty below "5852-200dsma" towards "5760-76" zone initially."
@ Anand:99.9% population pays entry fee & get caught in the Volatility (of the instrument, notwithstanding accuracy of TA !!) .5-10% away Casino-owner pays no fee, faces volatility the least & often if Entries are made close to Higher Degree RES & along direction of ST TREND, it gives the best RIsk-Adjusted Entry & allows safe TRAIL & cap. protection..now decipher the Da-vinci code :-)
@ Anandha ,Weekly channel support (connecting 4770 & 5447) comes @ 5730-35 approx which is a minimum target for current week.
@ Sandeep Koppula,:)That was an unadulterated, objective observation. It holds true.
@ Ilango,Taking 5=3 this time. :)looking for 5777 levels today. :)
Shd we look for retrace of 5861-5796?
Hi Shriram, Booked out the other day - missed to short @ today morn high - which happened to be at the resisting trendline :( Today's Low is again at the line joining 2 & 4 - waiting for breakdown
59PE OI liquidating & 6k CE OI adding big with this fall ... may be a range-bound day now on, with -ve bias for tomo
Hip Hip Hurre Jai Ho "JN SAR" ki
New Post Done.
shriram, Looking for an EOD close below 589.6 - 200 DMA - now for reentry -to minimise my SL
Mr.JuliusI was away for some time to the bank.Good Afternoon.Ravi
Ilango said...@ Anandha ,Weekly channel support (connecting 4770 & 5447) comes @ 5730-35 approx which is a minimum target for current week.