GM sir nd friends :)sir - do you think directly the "death crossover" will happen now without any recovery??? tks n advance. weekly clearly showing downside buttttttt .....:P bit confusionpiyush = simple - 5677 31st july candle + friday closing + today's opening too nearby that level.
respected shriram sir pls guide if c wave of irregular correction is developing than it should reach the irregular corrections a wave top as per charecterstic of c wave of irregular correction thanks
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@sujaclosing is 5678. he wud have written 5678. there may be some other significance of 5676. 5673 is the dip low but he wrote 5676. it was a situation where there was a straight line rally with faster retracement from 5649 implying bullishness. and 5676 which is close to top reduces the risk of aggresive longs . he might have applied some study to ew thats why i asked
Piyush - forgot.. check june chart after 6133 breaks 5683 is a buy ended up @ 5863..let the history repeat as we hv done 8 days of fall. today's +ve closing is temporary rest for bear temporary relief for bulls. (ofcourse my 100% aqua guard filtered foolish thinking) But will it is the Q?? now near the death cross , nifty is dancing like Kamalhasan "thakidathithimi dhandhana on the edge of the well"
Piyush - OK.. thanks for the views..mm..sir may have something "treasure" :) his treasury is always full :D
yes suja,bounce is due, as it held 80% of 5566-6229 bounce cud be large too
sorry 5566 -6093
Good Morning Sir,The little I read about irregular corrections, the Corrective B goes above the 5th and then C is sharp.So in the green label above, if you are considering "b" beyond "v" and hence irregular, the "c" should be a sharp upmove (Corrective of large C Corrective)and not downmove? Or Am I missing something here?Sorry, if it is stupid.
and its done.....
wowwwwwwwwww piyush ji.......what a good news i am with target also..kindly post ur target (to my mail id) will be useful for me.PS : i dont want to disturb other disciplined traders.
have no target suja. as the market unfoldstry to trail/ guess. dema/ dhema shud touch in 1-2 days
Master - Nifty above Hourly HEMA and above DLoEMA. Does it signify a pause and completion of a fifer? If so, any invalidation points?
@ Piyush Sharda,"5676" is the low after which market did a sharp bounce to 5809 and it was tested again with a sharp fall(5677) on 01st Aug.The fall below 5676 on 02nd Aug could be attributed to weekend concerns and the possibility of irregular flat.
Fin Techfrom 118 now at 213
Master,though I was with view of buying near 5670....as 20 pointssl with earlier low 5650.......your indication of 5676 boosted me......
Dear Ilango Sir & Blogmates,OI Table Update at 11:00AM, Pivot-5725, S1-5662, R1-5768, VWAP-5725The CE writers are in better shape with addition from 5700-6100 level, with 5900 now looking like huge resistance, corrective up-moves are being sold into…Thanks & Regards
thank u sir
NS will cross 5719????
@Sir,considering the recent low and high, Selling around 5715 would have been a good idea ?( 5715 ( between 50% and 61.8% retracement of 5762-5649)with stoploss of 5740 (80% retracement )
if crossed then another round of 25/30 points...
@ shree,Please do not post your trades.
@MASTER,IF 'b' irregular flat and completed @5649 than how much tgt for 'c'???
BN....10090 to 9870=220 * 80 %=176=10046....220*123%=270=10160
respected llango sir as weekly is negetive daily negative and irregular flat is developing sir which wave of irregular flat is developing and what can b the extend of it. thanks for always guideing me.
5661 to 5718=57*50%=28=5690 imp now....
@ Prithvi Chidambaram,There are no rules for corrective waves targets but guidelines only.The C wave normally is much longer then A.Irregular Flat is composed of five waves, which have an internal structure of 3-3-5.
@10.45 AM 5 MIN CANDLE LOW WAS 5730 HIGH 5762.NIFTY MAY TAKE SUPPORT @5730 LEVEL. IF BREAK BEARISH
Weakness "only" below "5697 & 5690".
THANK YOU SIR. I A M NEW TO UR BLOG.NOW LEARNING BIT BY BIT. JNSAR FOR 11.AM WAS 5709. NIFTY CROSSED 5709. MAY I KNOW SL & POSSIBLE TGT FOR INTRADAY?
Fintech some management press conference so up in that anticipation....Otherwise who will trust these rascals....KP jai ho jai ho KP...:)
@ naresh ganesan,stop using the "caps Lock".We trade using "Day JNSAR" only for positional.For intraday, we use "Supports & Resistances" explained in "Pre-Market View.
--> back@ Dharmu: To answer Qs on Irreg. FLAT in 1 line is difficult..heres wot seems stgt.fwda/i 5677 5775 98 b/ii 5775 5649 -126 -128.6%c/iii 5649 5721 72 73.5%If this suspect "C" stops within 5775, it will be deemed IRREG.Any price > 5775 will make it Expanded .. per PRECHTER, For Expanded FLAT, C=1.618xA is common, i.e 5808 NSHow to use this info now?See the RES zone:5717/ 5729 / 5814 NS... tick them off 1 by 1See how the bounce behaves, near these zone + OTM CE behaviour.. SCIENCE + ART : DATA with EW LABLEIts the synergy of these ASPECTS that makes GREAT MUSIC, the GRAMMAR OF NOTES (DATA) or CREATIVITY OF COMPOSITION (EYES FOR WAVES) STAND ALONE MEAN LESS , THAN WHEN COMBINED :-)
thank you sir
SirThe no u have identified 5676Now holds the key to the future of nifty.Ever since the lows of 5200 every time we have come within around 90 pts of the lows we have had sharp bounces making new highs.Let us see whether we have it this time.
BN...10220 to 9870 = 350 * 80 % = 280= 10150....
@ S4S:another +WW formed now on 2 mins, the fall from 5721-5696 NS ?
@Shriram - Excellent explanation...helped me find the validation/invalidation points on the current bounce !!!
Dear Shriram Ji,How can I roughly calculate Nifty spot average closing price after 3.00pm to manage JNSAR. Any method, website, chart or calulation that I can use to find itRegardsArvind
@Shriram - Excellent composition, Wolfgang Amadeus Mozart of JN :)"the GRAMMAR OF NOTES (DATA) or CREATIVITY OF COMPOSITION (EYES FOR WAVES) STAND ALONE MEAN LESS , THAN WHEN COMBINED :-)"Good Morning Masters and friends.. have a great and prosperous day ahead!!
Hi Suraj,for mango-ppl like us using goo-fin, choose 15SMA,2mins candles for approx EOD close price after 3pm
PIVOT playing its role...5696....since last 20 minutes.....
Shri, Bull flag in 2 min chart for ns?
Thank you very much. I will check.RegardsArvind
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New Post Done.
@ Prabhanshu:does look so, the thing is we have serious RES above .. 5717/ 5729 / 5814 NS@ Master: --> An EW doubtIf one wishes to lable this rise from 5649 as a DZZ, is it a must for 1-4 overlap ?