Now, "6034" is the key level, instead of 6021.
masternow what you expect price top for 5th..as 4th abc ended....
@ shree,Please read Pre-Mkt View.
can we say weakness has set in?
ILLANGO SIRPLEASE TELL WHICH LEVEL INSTEAD OF 5993 (REVERSAL LEVEL)
SirIf 6021 was the day pivot and 61.8% of the last rise, what is the significance of 6034? Is it the trendline support connecting lows starting from 5927.Thanks for taking time to read this comment.Manish
@ leon,It was expected that (4)c ended @ 6034. One could be flexible & treat "6027" as end of (4)c. Accordingly, weakness should be below 6027 or the last rise from 6027's retrace.
எங்களுக்கும் சொல்லலாமே அந்த மஜிக் நம்பர் என்னன்னு?
Thank you Sir
@master5.c.4 done at 6027? in 5 min chart? downsloping tl break? start of 5th up?thanks in advance.
sir i went short at nifty below 5934 as mentioned it is the key numbernow what would be my sl
What is " the last rise from 6027's retrace".Nifty bounced to 6041.90 from 6027 lows.80% retrace of that rise comes @ 6030. One could choose "6030" as "weak below".If Nifty moves higher than "6041.90", recalculate to "Trail".This is an eg. of how you manage trades in higher T/F till targets are done.
@ ak,If you're already short below 6034, keep 6042 as SL.
master...prior to 6027 it came to 6036 around..if this 6027 was taken as c then what should be label to earler 6035???please elaborate
Today's fight is CNX IT(+200) vs BankNifty(-200).
@ shree,6033.55 is to be taken as (4) c.iii & 6027 as (4)c.v.We should stop the "Minute labels" & look at larger picture.Too close to mkt prices can get addictive & distracting too.
on waves.....while falling banknifty was in hurry for new low....while rising ..banknifty is in hurry towards higher price....
Dear Ilango Sir & Blogmates,OI Table Update at 1:00PM, Pivot-6033, S1-6000, R1-6085, ATP-6051, VWAP-6051Though Nifty has come down from the Top, but support still exists at 6000 level. The CE writers are coming back, range bound right now…Thanks & Regards
bse in green and nse red for much time nowthough it happens yet today its more pronounced which index will dominate ultimately???
ya agreee...was just curious how did you taken it as i already covered short at earlier fall..and now long .....sono distracting..thanks
but I was asking because....if this long is with sl of 6027...below that 6021 pivot and 6017 CAM L3..are stronger support...so not decided about sl...but now escaped I think as it is rising.....
Dear Ilango sir and All,Nifty moved down from 6134 to 5566 in 19 days.Nifty moved up from 5566 to 6067 in 17 days.A move past 6134 will mean a "Faster retracement" and implies a new move up.Raghavendra
6067 - 6027= 40*50%= 6047...to book longs....
6042 to 6055
little bit early....with flexible approch
julius - came late frm temple..just hot and hot lunch ready :) நம்ம வெத்தலையும் மையும் வேலை செய்யாமலா போயிரும். hehe comment nalla irukku:)by the way will send u afterwards how i am handling with some mingling for your handling. Just my cooker whistled..donno about nifty cooker week end today 2 chances either short covering or dropping?? will it grind till 3.30PM?? huh. then i think..i think...i think...hehe remembering Yaradi nee mohini comedy :D
now waiting for ORB.....
excellent - maybe done at 6060..!!!
Ilango sir the blog list which were displayed on right hand side are are removed like DR sir and Vipini Sangeetha... It was very useful.
hope it breaks 6060 this time
late the spot trade above 6060..
yes shree touched the ceiling so far
then 6067 and final....towards 6100 for the day....
for BNF 11053-11040 should be held for any upmove for the day.
what is exact high in spot today...??please anybody tell me...and if with morning high and latest high ...
6066.85 high today and that too in the morning only
6063.95 morning, 6063.40 now
thanks cooldentmaster has taken 6067... any clue????
so now 6045 must be protected.....6064-6027=37*50%=19
Dear Ilango Sir,Is (5) (i) complete, 1st RSI diversion appeared in 1 min chart. Please correct me if i m wrong. Sir, a slight clarification, mostly 5th wave is seen as making zig-zag 12345. Is there any way to identify in any point to differentiate ZigZag (12345) or EW (12345) in the 5th wave.Regards
may be google chart. I gave you tradetiger
or 61% @ 6042.....
again below 6034 ...thinking of short is with low risk...
ok..cooldent..so NF orb there ..but not in spot.....
Take 6063.95 as morning high.
New Post Done.