master i want ask u why are u telling about supports why not to sell
@ ilango sir,b takes time > a takes time (corrective)2 takes time > 1 takes time ( impulsive)b wave takes more time than 2 wave ?any inputwith thanks
@ sandeep. coz the preffered view is c unfolding and that mean bullishness,,these downsides should be bought with sl 5790-85 as per master's plan
@ sandeep,Whatever I observe, I state it.Read all my comments.Weakness below 5870-74;Weakness on break of 5858;(ii)nd wave of C.iii done if 5847 is held."e" wave possibility was discussed in Pre-market itself and Nifty broke below "5845-80%".You have to make your trade plan accordingly.The last comment is the importance of "channel, 21 hr & 34 Hr smas @ 5840".When it breaks, it confirms earlier weakness below 5870-74.Till prices are within this range, "treacherous B wave should be traded with a different strategy.Why forget all these...??
5790 is also the major ATR support as well
Now tommorrow TT will show SOLD @ 5885.....AND SHORT TAKEN @ TOMMORROWS JNSAR.....
bye for the day
If you're an intraday trader,once Nifty fell from 5879 to 5855(day pivot) at open, the retrace came @ 5870-74 which is the sell zone.OR@ the break of 5855.Nifty, from 5855, dropped to 5840, our pre-mkt support; breaking the same, it has come to the 2nd support as per pre-mkt @ 5825 & lower.This is the plan for trading "Intra".The last of bullish possibility ("e" wave of the triangle) is if Nifty able to hold 5815 or 5790.
@Ilango Sir... these EW always Confuses... me...Whenever I look at the discussion on JN about EW.. the which wave going on? ...ETC..Like today it is being discussed many times... about C.. and it will go above 5900...So whenever I look at these EW.. then I ignore my basic trading Style... which is based on Supports and Res... so Today I ignored the Best sell signal that I got at around 5880 NF...
Did anyone play L4?
DR Ji, Lolz, It's comedy from Vadivelu...he hires someone for crying for him and he sings this "sangy mungy..."http://www.youtube.com/watch?v=mhkNDPMK0pU
@bb Something Amiss- Sudden Fall? booty shaking only lolzzz
master fine, but as buy on dips was there in pre market
I wonder how i failed to watchTrader Vic's 2B Patterns!Really சங்கி மங்கி டிரேடிங்.
Nifty Pre-Market View.The resistances come around 5885-95 zone.Keep the retracement of the last rise from "5836" to understand whether "C.iii" is unfolding or "Triangle's d wave" is completing and "e" wave is starting.Only when the "61.8%--80%" retrace of last rise from "5836 to xxxx" is broken, "Triangle" would be considered. Until then, the pref. view remains "C.iii" unfolding.(61.8% to 80% of 5836 to 5879, the last rise came @ 5852-45)Break of 5790 would be considered bearish.-------------------------------------------------------------------Ilango said...Note the retrace for 5836 to 5879:61.8%-5852 (Also day pivot)80%-5845 (Also week pivot)Intraday weakness below this.July 10, 2013 at 10:05 AMIlango said...@ dharmu mishra,Two options if "c.iii" has commenced from 5776.Keep retrace of 5776 to 5865, considering the price move from 5865 to 5836 to 5879 and now xxxx unfolding as irregular c.iiOR Keep 5836 to 5879 as (i)st wave of c.iii and (ii)nd wave is on from 5879.July 10, 2013 at 10:10 AM Ilango said...Intraday weak below "5858" presently;Intraday resistances @ 5870-74 presently.July 10, 2013 at 11:05 AMIlango said...If day's low-5847 is protected, (ii) of C.iii done.If not, C.ii is continuing.July 10, 2013 at 11:58 AMIlango said...@ Ananyavrat,Pref. view is holding "5847", prices move higher and break past 5900-17 to head to 5970+Alt.view: Prices drop till 5825 or lower but protects 5790 and resume uptrend as stated above.Only below 5790, bearishness could be touched upon.July 10, 2013 at 12:28 PMIlango said...@ CDG,Yes, there are many occasions "c" has failed to make even new highs and at times just a small upmove.We have been considering this upmove from 5566 as a corrective bounce for the fall from 6229 to 5566;50% retrace done;61.8% is @ 5976.July 10, 2013 at 1:51 PMIlango said...At Hour Channel support & @ 21, 34 Hr smas...5838-40.July 10, 2013 at 1:59 PM
This is getting ugly
waiting for 5803
hurrryyyyyyyy good day today......closed with 5805 levels ( greeed for 3 points nononono)bye all.
Nifty trading in ND Sir's ATR Buy zone now
@Master,Sent you a mail yesterday.Please do reply when time permits.Thank you.!
5887 5772.6 0.145 5870.41 5789.190.236 5860.00 5799.600.382 5843.30 5816.300.5 5829.80 5829.800.618 5816.30 5843.300.786 5797.08 5862.52trader need a good mind set - nifty future
Ilango not matter how much you explain, people would have to realize stock market is not a easy place to make money and one has to have experience and thorough understanding and ability to implement what they are reading in the blog. These newbee issue may contiue to remain. Oldies are now matured to read your blog.
@Ding A Dong,Clap... Clap...
There are no supports and resistances. There are just decision points. You can either buy at support, or sell on break of support. Thinking of a level as support biases the trader's mind towards buying.Courtesy - Smart Trader's blog (nifty nirvana)
Jnsar short triggered at 5815 with sl at 5835 for today and if not hit then tomorrow sl will be 5844
Market weakness ahead of Fed policy today is understandable
It is time to buy. seems 'e' of B almost done
For all the traders, just to remind that Fed will release the minutes of the meeting today and this will significantly influence markets hence either lighten your positions or hedge properly. Market is at an inflection point and may go either up or down depending on the Fed minutes and reactions to it irrespective of JNSAR
Guys,The fall is on low volumes! Most probably, 'e'.
VIX index is best tool for measuring fear in market as market was rising last 2 days vix index was also rising. Take a note of this all. will help you best way.
marketman ji, aap fir ninda me jut gaye, alochna aur ninda me farq karna seekho. Shri I Lango ye sab samaj ke liye kar rahe hain, apne liye nahi..Kabhi to aap unke kisi kaam ki tareef karo ya kayi janam ke vairi ho unse??
sir has sl of jnsar is triggered or still on short side.
Master,Thanks a lot !!!You changed the color for "B Triangle" Green to RED @ 10 AM... WOW WOW WOW!!! Vaalga Valamudan.
Ilango one suggestion- I don't know whether it is feasible for you to release a pre-market view late night or early morning. Perhaps one may have more time to understand and implement a strategy.
3.00PM TT & Chart updated.
Put writing in 5800 is continuous indication good support
@ sandy,The problem is people want ready made messages and are habituated with spoon feeding. They do not even takes pain to interpret the messages.
Gureshji. Ilango has now got God's status. All good are ours and all bad's are Gods!!
sir why you have removed my post, some people do not understand requests,advise
Sir and jnsar traders, query:Current position: Short at 5815 with sl at 5835If ns closes between 5815 (today jnsar) and 5824 (tomorrow jnsar), what position we should have? Short as sl of todays jnsar trade is not triggered?
We all are a good soul and use good language. One has his / her destiny. We can choose to decide for ourselves.
Prabhanshu If closes below 5824 theoretically your short trade is ok. Manage with 20 points filter tomorrow. My views.
Prabhanshu - If i am nt wrong, today's JNSAR stll not triggered.. ie: 5815-20 = 5795..so technically, JNSAR followers will be long....since today we have an imp event, you can hedge it with options, if your not comfortable...
when ever markets fall unwarranted lots of kolaveri begins.
@ Kumar,Though holding 5803, the "B-Triangle" gets a green status, there is another "Red C" labelled considering the "deteriorating technicals".
@ umesh karadi,Let us not wrestle with Pigs.
MasterAlways forgive your enemies - nothing annoys them so much - Oscar Wilde
Hi IIango Sir,Glad to Inform Today I Earn 10% profit with the SAR & PIvot method , My capital become +90% within 9 Trading session .I am sure I will make it success slowly and quietly.
VIX index 20.39 level to watch for next signal.
Rajan LOLLLLLLLL :):)
I think one should look at low ema also before taking short or longs.
@ pradeepgood to know thatOM SAI RAM
@ All member , To understand how can we get success in trading. Kindly read Ilango Sir all Posted Reduction and blogs Post Starting from 07/13/2008 to 07/10/2013.I AM DAM SURE U WILL NOT LOOSE ...
@masterIf 5790 broken tomorrow than 'v' possibility start?
@ Rochak parekh @ PrabhanshuThanks for Kind Word.
dear Ilango,inspite of giving so many inputs FREE, for a profitable trading,many unhealthy criticism and brick bating from some quarters.I wonder,where do you get so much patience?
Yes mater, i noticed ... again the colour is changed. Thanks a lot to give the warning.
Extremely Sorry Mastererrrr - Please read it as master.
Dear llango Sir & All blog members. I am following this blog from past many days and very happy for the service provided here for traders. Keep the good work on...... Thanks & Regards to all of you.
I am very much interested in learning Elliot Wave Analysis. And now I think that this blog will be the best to learn the same. If someone has some good ideas or information for EW, which can help me learning and strengthen my studies, please provide the same. Thanks in advance.
Thanks for sharing this great piece of information. Do keep us update with some more great information.....Comex Tips
My take isToday's JNSAR still not triggered.. ie: 5815-20 = 5795.And EOD is above 5823-20=5803..so technically, JNSAR followers will be long....since today we have an imp event, you can hedge it with options,.Seniors Pl adviseRavi