A 5 waves done from 5847 to 5882.Micro manage your trades with retrace points.5860-65 is 50%-61.8% with 5854 as 80%.
sir, thank you for pre market view today and every day..it gave 3 trades in each direction for 20-25 points intra, thank you sir,, despite preparing note at night,,i am unable to draw so clear conclusions as yours..hats off the way you have earned and used your experience
--> backLooks like EOW Close will be > WkEMA & DLoEMASupports: DLo / Dev.Wk (5855 / 5820)Res: Dev.DayHi / Dev.WkHi / St. DEMA (5935 / 5921 / 5899)
And intra 59CE writers r ahead as of now...
Master,can it be prudent to assume Wk EMA stabilization (pull to 5793), if NS continues to trade < Dev.Dlo EMA ?
5834-5829 is good area for support. joined campaign
sir, the ferocity of fall from 5882 looks like 1st of 3rd or still uncertainty
@ shriram,Last rise's 61.8% @ 5860 broken and the 80% @ 5854 suggests correction continuing.For a 3rd wave possibility, waves sub-dividing is the only reason, a clear 5 was not possible from 5918.It still could be "b" wave as the "c" would provide for "Sell on rise" in weekly signal.
mm.. true master, thanks for the view.
thank you sir, i got my answer in your reply to shriram!
Thank you Sir for your timely alert for the retrace of 5847 to 5882 with 80% at 5854.As 5854 was also the DLEMA as well the Camarilla's LL4 was also at 5853.All these nos. coinciding helped to take me informed decision.Thanks once again for giving us the Hi-Lo system.
3.00PM TT & Chart updated.
Tonight's gonna be a good night :-)
@shriram,Gap down ???? or Gap up ???? monday :))RS
A 5 waves done from 5882 to 5820.
@ RS:Asking me, Monday Gap up ya down ? Thats like asking a Murga for an Anda... ;-DDddJokes apart, For now the clear support is St.WKEMA @ 5793 NS ...so lets c
BNF broke Day(10018) & Week(9987) support, more lows to follow?!!! need to wait for next week.
Dear All,Developing Day low EMA = 5845Raghavendra
Ilango sir...closing below DLEMA....does not mean we are in 3rd down??? Do we still have possibility of c up??Thx
@ shriram - lolz :))
@ bizagra,Both possibilities exist.
4 th time in recent we have Day's low around 5800-20.
ab to 6000 dikhaado nifty .... pichli baar short karna reh gaya tha :)))RS
@ RS: To simple EW eyes, following ZZ form seems hi-prob, as playing outa/i 6142 5811 -331 b/ii 5811 5917 106 -32.0%c/iii 5917 5586 -331 100.0% ** in play Cmin = 0.618xA = 5712
@ shriram,hmmm...quite possible RS
Alt.. can considermove from 5811 -5917-5820** as a ABC in play If so, one more rise towards WkHiEMA & then a fall ??
@shriram,I am just banking on oversold lead indicator and gap at 6020. Otherwise JNSAR n all other averages/EW are screaming short.
NIFTY SPOT BELOW THE 200DMA
closing avg anybody? i am on mobile..thanks.
@ RS:Dev. MnEMA @ 5747 , beloved Shani Maharaj , is a also a Big no. comin up on Monday.If held, it would be a Bullish close on Mnth.. so lets c wot Monday Brings!Bye all, Have a nice weekend :-)