ak said...siri have taken short position as the trend is sell on rises plz advice what would be sl for shortsAugust 8, 2013 at 1:24 PMAt what prices, you took the "Shorts".What was the reasons, the entry point reasons?How are the factors doing now after your shorts.?
SirFor the day 5 waves done from 5510 to 5566 and now an irregular correction with B touching 5567 again?A simple count i try :(1- 5543, 2 at 5512, 3rd at 5563, 4th at 5543 (just a top of 1) and 5th at 5567, A-5542, B- 5567 again)also making double top?
@ Ilango Sir,Can we consider 5721-5487 retracement in current scenario ?5604 (50%) - 5631 (61.8%) levels to short
sir i took shorts at resistance 1 mentioned in tech table,that is 5558as the trend is sell on rise thanks for the reply
@ Sir,Even 34hrSMA is also in that range
For rest of the day, BNF should hold 9854-60, 9838-20, below this downmove may continue
@s4spt 5 fix ho gya kya? ke abhi baki hai??thanks.
G.Afty Master & JN Family,Sensing a ABC ZZ got done here, or nearing completion ..a/i 5492 5561 69 b/ii 5561 5508 -53 -76.8%c/iii 5508 5570 62 89.9%C=A zone is 5577 NS
Advance RAMADAN WISHES TO ALL to all.Have a Nice Weekend.
@ Jigar,"5570", hour channel resistance."5576" is 38% retrace.
contd -ve divergence in 5 min chart from 5561 high...t/f 5 minstoch 5,15,5rsi 9,9can anyone agree??
dear friends could anyone explian me in above chart hour and 35hr D;21 and 34hr(in red color)sma its meaning as far as i understand top chart is hourly with 21 and 34 hour sma crossover but what is this 35hr represent to .and fullform of ST thanks
huge intra OI add @ 57CE, significant adds @ 56CE also... OTM CE activity suggests ceiling is being built @ 56-57 Strikes. Hr Oscill behaviour suggest this Rise 5492-5570 is Hi-FreQ & losing ENERGY (about to invite the next wave down).Need to see how price behaves near DLo / 34EMA,30mins combo zone now, EOD basis...
Prabhakar - your ramadaan wishes reminded me of tomorrow's holiday :) So, today is EOW !!!
Thanks for replying to my query Sir :-)
Jai Shriram !So with this "trend remains down" ?and even if day closes above DevDLEMA, the week down would suggest to follow the "downtrend" only ?Or time to cover shorts with Close >DevDLEMA today?
@ ShriramThat was reassuring :)
@satheesyes madam...weekends...and week trend is missing!!!
@ Anand:I am not sure how u trail a Swing-trade.. so in ur position, i will say follow 5DEMA if ur short from way above.Wrote this from Fresh trade Entry view-pt , small SL, gr8 set-up :-)
@ anand, Close above Day LEMA can be considered as a pause in the current trend rather than trend reversal.
jai shriramsir thanks for your analysis it hepls to guide new traders like me...and we learn much
@s4ssir plz update about WW patternthanks
TELCO has fallen out of a long TL support @ 280 spot..Symm. trig Breakdown on Wk TA, any one ?
Option premium eating day. NS struggling at DLEMA
Thanks Shriram, thanks Satheesh !Need to remember "pause" vs "reversal"!In a normal move, following EMAs, closing above DLEMA would ask for putting small longs/covering shorts; however due to strong downtrend - week as well, i would go with 5DEMA to confirm even the "strong" pause!this also seems to be in lien with EW labels and we are still in the 3rd wave/Large C down (taking pause near/at last major low of 5477 in the week)!Thanks again !
now above DLEMA comfortably
@masterif nifty break 5570..hr channel resistance...will it consider as 4th or is there any alternate EW count....asking because todays count (intraday 5min) confused me???thanks.
Premium in Nf down to 20rs from average of 35rs in this series and good fight for the 5600 level.Low volume day in NF but huge additions in options suggesting of some built up and whoever wins this fight will take the cake.
NS...Y'day's high surpassed......
3.00PM TT & Chart updated.
closing above DLEMA????
Master,5wave done (c = a @ 5577) from 5508 ?
Remember4th wave always breaking the channel
and back in to channel
@ shriram,The sub-waves are choppy & not clear.Prices, having opened with Open & low same @ 5510, has trended up based on Hour TA for the day.Now the struggle would be for DLEma-5563.
@shriramvery good...salute bro..u r next to master in patterns and EW..thanks.
hoping for some downside next week,let the power of weekly tech come in to playbye all enjoy your holidays
open low was same and stayed up all day.
Shriram, as per my charts - the yesterday's Low 271.8 hasjust touched the support line of the triangle. Both Day LEMA and WEEk LEMA is 278. Sir has shown in his charts both bullish and bearish possibilities from these levels in monthly charts. Hoping for a close below 278 for more lows. Else again a tussle between 278 - 290 (200 DMA)-also week triangle resistance - is possible next week.
BTW - did you notice the huge volumes today - much greater than yesterday - So definetely some big move is on cards.
Master : thanks sir:-)@ Satheesh: thanks.
Satheesh,'Nifty Future volume today is only 103 lakhs as compared to 181 kahs yesterday,Its a very low volume day.
Now the struggle would be for DLEma-5563.SIRDLEma Holding.Hopefully waiting to close my BASIC JNSAR based trades profitably AGAIN
5565Moved above by a whisker