Sir, currently no positions. Please advise what levels I can see to initiate position. Confusion
BN making a lower low
5926 should be achieved today or tom for ending diag.
@ Piyush Sharda,9 day rsi reaching 80+ is to be read as "Overbought" especially when Month trend is down and week & day lead indicator above 80, poised for a reversal after having completed their corrective rise of almost 80% of 6229 to 5566 fall.Above all, BN leads often, be it upmove or downmove.
sir ji80 % retracement 5960 for last rise as per TT reached,is it an agressive buy herethanksregardsOM SAI RAM
Piyush - tks..am following only the lead indicator mingling with my nos. this is no parking area for my puts so booked out. if bulls wants to hold upper hand then expecting 6012 NF should hold on EOD basis. me reversed for a small recovery.. expiry time..sitting with stubborn view will not give me money.. :P what to do this intra love is unavoidable :(prakash - tks for ur views
@ sujatha ji,,, how do you track day lead indicator live??please give some linkthanks and regards
sir,it was giving a negative divergence in day and it made a hh yesterday. in a move of this magnitude 9 d rsi gives a -ve divergence before reversal. however market cant be bounded in rules of indicator and they are just probablities.as u have already pointed out the bearish view of the current rally reaching only 80% of fall is theresujata u reversed of intra before market reversed
typo for intra
SisWhich lead indicator you following? I thought you are only one big lead indicator :D
Pranam Ilango Sir And Blogmates..
@ Cooldentbhai,You are right.
We have been demonstrating, how "easy" it is to trade in Nifty, if we follow..................Trending orcorrecting...Do not pay any attention to those who make it sound as though it is "rocket science"...It is kids play.But be a kid; don't have opinions; be obedient to your studies.Be a kid; don't have biases; be objective.
Rightly said Master With u Like MASTER , yes it is Kid's play For me I m still struggling for trade in sideways market/mostly corrective market
Master, In July nifty made many gap up & gap down & as u explain time to time these gap are part of triangle Master any writeup regarding such type triangles to study or web link
But be a kid; don't have opinions; be obedient to your studies.Be a kid; don't have biases; be objective===============================================Could not agree any more Sir...it is our ego which makes us unsuccessful..
If market recovers from here we may have to consider it as the ongoing b of C-wave which started this morning and diagonal has to be ruled out.
sir - kid and saint - both hv free mind no bias:) me kid..not a saint sofar..more practice needed for mepiyush = 35 hr now it's in mid point crisis.NF done 38% retracement and was holding hence reversed sold put having lunch with premium there is time for selling puts and there is time for buying..sarvesh - no lesson ji..if u want lesson then ask Mr. julius he is the right person..am playing with my observation.cooldent/nileshji - yeh..comedy time hai?? :)ha ha lol :D
Dear Ilango Sir & Blogmates,OI Table Update at 1:00PM, Pivot-6088, S3-6013, S4-5975, ATP-6014, VWAP-6014The 6000CE writers on overdrive, could be in a spot of bother if NS closes the day above 6009, but looks remote possibility as 6000PE writers are liquidating fast…Thanks & Regards
6k strike conquered by Bears, as of now... Cu guys after Sappad, Bon appetit !
Re-sell points 5995,6005,6015,6025,6043
a small -ww developingtrgt 5972 near 1.30pm
piyush - strictly level to level no confusion with intra /positional. 5999 is NF L3 done mera lunch here :) over and out..let it go anywhere now will come and catch ..there is a LOC today upperside..if not cross then short again probably :)
@sujawhether this mid point crisis works to make a top above 6093 or not or the trendline broken its retrace to it and then dive down. here ur puts for intra will give u return anyway.
@Master, Blogmates-Sharing some observations of the rally after the gap down of June 20Master as already mentioned it being a treacherous 'B' waveAll the resistances of the rally were not broken by fluidic price-action movements but rather gaps.case in point-1)5690-5705 Nifty - as can be seen on 21st and 27th june. broken by gap on jun 282)5897-5910 Nifty - as can be seen on Jul 1, 2 and 5 - broken by gap on july 113) 5850-5865 Nifty - as can be seen on jul 15, 19 and 22 - broken by gap on 23rd I haven't been able to comprehend the reason/significance of this, but needless to say have encountered this rarely in a rally. Mostly rallies are fluid in price action But yes it has been hard to play, If part booking and re-entering is a parameter of ones trading plan.Another point - During last month, starting from 20th june their have been a total of 11 days with huge gaps, again something that is rare and more a characteristic of commodity market.JNSAR whipsaws- Last three JNSAR have given whipsaws through huge gaps depending on how one follows it, EOD basis, next day basis, Intra at least once fingers would have been burned if not twice/thrice, again something rare.The only conclusion I could make out is, a single study/system, wouldnt have helped much. Though combining different studies would have and part-booking re-initiating with JNSAR would have helped.Currently working on finding the right mix, when another 'B' wave is in sightRegardsDiscipline
MasterYour guidance will help to understand Elliot wave application better. Pls help on my query.
Do not interact with intruders.Do not interact with intruders.Do not interact with intruders.Do not interact with intruders.
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.
the top of 6093 was identified fairly accurately in realtime. sl given was 6096.
JNSAR ki jai
respected llango what levels to watch for todays close ad wy 5ema weekly 5955 which u explained earlier or something else added for observation
Sir,Kids Play ~ Yes 100% truth.Matter of Mindfulness or Mindfullness!Even with a trendline one can win for sure.Atleast weekly once i think about the quote you have mentioned"The reason is that a man may see straight and clearly and yet become impatient or doubtful when the market takes its time about doing as he figured it must do. That is why so many men in Wall Street, who are not at all in the sucker class, not even in the third grade, nevertheless lose money. The market does not beat them. They beat themselves, because though they have brains they cannot sit tight." Pranams.
Ilango Ji,Can we say that a "Bearish Engulfing Pattern" is being developed on a day pattern if Nifty closes near the days low?Thanks,Renju.S
Great quote. All for free. Jewels are not free these days!
testsir, 2pm update ?
@llango,Have sent u a mail. Awaiting ur reply. Regards,Ankit
--> backNS says , even the OI guys say.. Jaise te ;-)
New Post Done.