Friends today is expiryand lets havea contest here.September Nifty ExpiryGuessing Contest.The rules are simple-There are only3.a) Just call out theseries close forseptember.b) No wild guess. Areason is must.Everybody must give aexpected closefigure and reason forthat.no range(4000-4050) ,only onefiguree.g.4000c) You need to do entrybetween 9:15to 2:30, hurry upSeniors plz contribute.
corrected - weekly 5ema ...5824..please revise my guess from 5820 to 5824...
Good morning Ilango Sir and Friends...
esterday atharva asked a question based on indiachart comment of 5 wave from 6142-5811'Master : Indiachart asked one qtn , I would also like to have your comment on same if you wish to..thanking you.. meanwhile 21SMA 5887 and falling'my 2 centsif u look at sir chart all possiblities when ew combined with ta is covered, for this possiblity of 6142-5811 scenario there will be a retace to trendline of broken channel and fall.this is covered in red count . else prices will rise to 6142+ for that green count . so ew is combined with ta and a complete logical plan is there to deal with any scenario
typo, yesterday instead of esterday
@ Piyush Sharda,I did not reply for the simple reason that "I just can not see the fall from 6142 to 5811 as "i,ii,iii,iv,v".I could see it as "abc-x-abc" or 1 done @ 5855 with a clear ""i,ii,iii,iv,v" and an irregular 2nd wave is on.These are the two possibilities I see.If I go wrong in my perception, it is not going to affect me at all since I have "in-built trade management principles that negate a particular view or keep it in contention with further confirmations".
Good Morning Master and JN MatesMy expiry guess is 5838 because it is just below 200 DMA, below DLEMA and also Nifty's 5850 option will have effect in this expiry. Thanks & Regards
very true sir.
Ilango Sir - Your observation, "If holds the above levels in the opening session, prices could rise by 73 points(5884-5811).", 'may' come into force if Nifty holds these levels for the 1st hour, or the 1st session(10-1p.m) of today's trade?
Expiry Guess:5925..i.e. above WHEMA... cause Oct.NF O.I.below 2 Cr.does not indicate immediate fall "TODAY".
My expiry guess is5937 because it is .38% retrace.
Dear Master, Piyushji, Gm.. thanking you..
GM Master & JN Family,Have a gr8 day !
Namaste Ilango Sir & JN FamilyMy Expiry No. 5934 based on Hr. MACD.For BNF intraday, good resistance at 10139-10159, only moving above this will give good upmove,
@ Bharat Kumar,Opening session means the "Forenoon session".
In first 2 Hrs.trading,Sellers unable to keep Nifty below Today's HVT 5882.60 convincingly and 9 lac intra addition @ 5900 PE ....would be first indication of Bulls intention,to cross 5900 in latter session.. Let us see... Bye for the day...
PIYUSH JIin which time frame u go for labeling of EW for intraday movemens and trading
Dear VK Soni sir,My expiry number is 5955. Above developing DHEMA + 5 points.Other reasons :Assuming corrective fall from 6143 as "B" wave due to absence of faster retracement + Hammer yesterday.Week trend assertion to start with prices closing above DHEMA.Raghavendra
My expiry guess is 5985 WK PIVOT-
@dharmu mishra ,sometimes i try intraday and take confirmation from sir.
piyush in which time frame we can look at it with ur experience
I think nifty will move in the range of 5880 - 5900 till 3 pm and may try 5950+ after 3 pm
Ilango Sir what is Ur in-built trade management principles?,give it to all for moneymanagement uses
piyushor we should do wave counting in hrly charts only and only observe retracement support resistance TT during intraday move of market i m new to subject require seniors guidence
Dear Ilango Sir & Blogmates,OI Table Update at 11:00AM, Pivot-5878, S1-5832, R1-5935, VWAP-5886Based on OI addition till now, most probable expiry range comes to 5850-5940, with huge addition at 5900CE and 5800PE…Thanks & Regards
Expiry guess 5952 being the upper end of the VIX range and also +30 of WHEMA &+20 of developing Day JNSAR
@ shriram ji, does the rally from 5813 lookes like a bull flag in maaking in 5 min utes chart and an ascending triangle in todays price action? does that hold right or not with BO above 5895 with targets of 5915 and 5968?
@dharmu mishra ji,try first on hour then intra. always pay attention to what master says. try one thing and when u rcomfortable add new tools.
@ V K Soni,My expiry guess is 5970 based on volatility.
@ vksoniExpiry at 5935 @ todays JANSAR.
Ilangoji,Does it looks like an ending diagonal in the 5 wave move from 5811 ??
Master,Would like to see if you also participate in Expiry Contest :)I am sure it will benefit all of us.
Expiry.....5825......S1 and 80 of 5811 to 893
Good Morning All. My expiry guess is 5920
Expiry.....5825......S1 and 80% of 5811 to 5893
expiery at 6022 +/-10point
expiry guess 5850 as support at 50% retrace resiting near 5900 due to option data prices will move towards support
@bepositiveany reasons for this number
@ Sarvesh,seems a clear -WW on 5mins to me... Brk down below < 5878 NS, can show 5850-30
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Nifty will be at 5957 to form right hand for H & S pattern
@Amol Sharmareason?@bepostive be nagetive one figure with reason
Take care, Kahi Breakdown Na Ho Jaye Because JNSAR is down for now and nifty trading below 5 dema and negative divergence and OI ......
@ Waquar,5 done; correction to it also done @ 5864.Next rise is on as long as 5880 holds.
@ vksoni sir at week Hema
Request to all please dont call me sirThanks
GM Master, Retrace for the same is @ 5839-48, 61.8%-50%.. Weak below 5826, 80%.If holds the above levels in the opening session, prices could rise by 73 points(5884-5811). From which level price rise is 73 Is it morning low formed from 5864?
Expiry Guess= 5805 ( Participating first time )1) VIX at support 2) Nifty may go upto 5 dema only in corrective mode3) Closing below JNSAR for 2 consecutive days.4) Fast fall set up in 21 & 34 hrsma's5) 5800 put writers stay in contention so just near 5800.Regards
EXPIRY GUESS FOR NIFTY IS 5936NEAR DHMA. ALSO JNSAR
vksoni sir, how are you today ? :P :P
My take is either 5950 (mid point of broadening top) or 5750 (lower trendline of broadening top).Since jnsar is short and 5800pe high OI which will break (expect the unexpected) and unfilled gaps need to be filled before resuming upward journeySo my number is 5750.Note it might come by month end as well if not today. My guess.
New Post Done.
My expiry guess5780 DH - ATR (i.e. 5900 - 120 = 5780 )
Do or die for Bulls in Nifty... 5 to 10 points slip could be costly for bulls.