Thanks Ilango Sir and Shriram Sir for clarifications!
guru - huh.. still u didn't read anything???? too slow :P i read fully (ofcourse all the HEADINGS ONLY) hehe :D sir - malai adivaram poyittu varuvanakkum this time decesive break of 79 will give..is my guess July 18, 2013 at 12:04 PM
@Shriram,You are most welcome!@CDG"CDG said...I find that there is a huge -Ve divergence in RSI (14 period) and even at current price it has triggered its signal line."Master has already hinted about this divergence in many posts and actually MARKED it in 9-Day RSI chart of yesterday's post market update. :) http://tradeinniftyonly.blogspot.in/2013/07/nifty-oscillates-between-hema-lema.html Thanks,Sandeep
@Sandeep KoppulaThanks a lot.
yennakku adhuve oru naal ayidum pola.. :) malai adivaram pogarathuku munnadi innoru vati aaru ayiratha pakalama, yenna nan kalailla miss pannitean :)
@Sandeep KoppulaThanks a load....
Shriram,Is the 2 minute pattern giving a sign of Bullish Flag?
Observations only:Short positions to be squared up in Bank NiftyBankNifty : HHEMA = 10985 DLEMA = 11091Hourly swing high = 11085 if cross over can rally 200 points.Yesterday low 10830 Today low = 10838 = Double bottom.If breaks 10830 more panics.
with curiosity just raising a doubt as not able the understand the scenario that Bank nifty is negative and index is positive this is very very rare scenario.. Is Intelligent money getting parked in defensive's without affecting index ? Please provide thoughts.
guru - mm..personally feeling less chance as he has already given 2 times 5997 levels. but follow "SirS"
@ Shriram,Sandeep and ITPROfitThanks to you All.Sandeep : Gr***8 collection.You have opened Pandora's box
@ Sandeep,any chance of getting Elliot wave by Robert beckmanmaster's choice
@Sandeep Koppula- Thank you..
PATIL dont worry it will participate 0n july 30th RBI policy review.that will lift the index to new high breaK out above week R2...
Nifty's top Gainers are all under-performers: ONGC, Hindalco, BHEL.Another sign of big fall, just sharing my opinion. disclaimer: I am a novice.
sir - breaking??? :) atleast Hogenakkal falls??
@ SJK ji:yes it does, needs St.DEMA @ 5959 to support to play out tho...59PE OI suggests so too.will be ideal long entry wid fixed SL , or u can play the OTM PE casino owner game , burns lesser :-)
@ Sandeep,That is huge collection of Books. Including one with GAAP Management. Never knew, such book existed.
PREPARE FOR ORB TRADE TODAY
@Sandeep Thanks a lot. If you have something on Elliot Wave, please share that as well :)
Sujatha---open interest eh partha, keela yerakki male thukidivanga pola than iruku..malai adivaram gap eh vandhichina?
Sujatha, seems NS may reach 6k :)
Frankly speaking, from my personal experience, for trading you don't need all those books. All you need are the links on the right hand corner of this blog/master's observations, OI analysis and pattern identifying.Most of those books are for academic purpose. Too many books are really a waste of time.
Dear Ilango Sir & Blogmates,OI Table Update at 11:00AM, Pivot-5967, S1-5936, R1-6002, ATP-5992, VWAP-59926000CE writers not very confident lot as have covered some OI, whereas the PE writers are adding on, with 5900PE OI now above 82 lacs, all intra dips till now has been bought…Thanks & Regards
Please find the book on Elliot wave analysis for all my friendshttps://docs.google.com/file/d/0B1fFcD9UxdjLUzctWWIzZlFIdzA/edit?usp=sharing
a +WW may develop in nifty spot chartspt5 may form near 5970ns may be near 2.30pmtrgts may be near 6035-40 range till 12 noon tomorrow
kadavule, yenappa ippadi vayithula puliya karaikareeenga neengalum sari, nifty ium sari :P konjam "ladiest first" quota - la vittu kudungappa
The shoulder is getting too long drawn.It may droop.5945 key number.O b line break must happen if at all today.Is a possibility
So c wave for bhel showed its colour today can target 196 and then 200... after which powerful 3rd
Sujatha, nifty neenga sonnathai kettudichi pola...? payanthu poi adangi nirkuthu..... :)
Master,I dont want to learn any more technicals. Decided.Please teach me this language of Sujatha. If i am not wrong its Tamil.Please.
Well said SJKolkata Sir :)BTW, August futures trading at premium of 56-57.
No doubt, it is Tamil; but it is a coded language; it is impossible to understand. Don't waste your time.LV
After reading so many books and studying all technicals I found only one thing that price is supreme and only higher highs higher lows or lower highs lower lows decide the trend... But this books give little more about the time from where to start.. Nowhere else this is mentioned.
"above 6000", 80%, strength.
"5974-77", the 21 & 34 Hr sma convergence has held to make this happen.Hence, consider these smas as crucial & critical.
Sujata --appadi vandhichi
Master Any short advisable here.
--> backAaah, wot a nice bounce :-)flag tgts T1: 5985+30 = 6015 NST2: 5985+ 77 = 6062 NSSt.MnEMA @ 6036 , +,- 30pts s the RESLock cap, up the TSL & Trail to prosperity .... !
New Post Done.