Please do not post any other site's links.
@masterpl guide why we should change retracement from 6103 instead of 6088 as per pre-market?thanks.
Sorry i wont post any other link..it was on good intention
Google charts are not working... Any other reliable sites giving real-time charts? Appreciate your help.
Nifty touches ND Sir's ATR Sell zone at 6155 and sheds more than 60 points.
Friday's low (Low of Hammer) is 6046.4. Above this longs can hold, below it can generate more sellers.
Tuesday, October 15, 2013Nifty Pre-Market View.A sharp rise at the open would invite profit booking considering the OB nature of short term.--------------------------------------Ilango said...ORB @ 6133-6154.October 15, 2013 at 9:33 AM
Thanks to Ilangoji and VRJ..
Last rise from 6088 to 6156 has been retraced in faster time.Any retrace is a "sell on rises" till "6140" or "6156" is not crossed.
Yes Sir,exited 75% of longs with avg price around 6125 :)Now will add longs only above 6140 (80% of retracement to intra down move so far) & day's high
Ilango said...Please do not post any other site's links.October 15, 2013 at 10:06 AM
Now fight for DHema
Dear Ilango Sir & Blogmates,OI Table Update at 11:00AM, Pivot-6134, R1-6164, S1-6113, VWAP-6141The CE writers are back in action, with huge addition at 6200CE, the PE writers still holding on, reversal on a close below 6041 NF…Thanks & Regards
@Ilango Sir,5 waves completed sir from days high?
Bearish: 6107 6118 ... is 50%-61.8% retrace of the last fall from …… 6156 to 6057 80% is - 6136 If weakness is to return, it should be around 6107 6118 Strength gets confirmed above 6118 OR 6136
Dear Ilango sir,Has nifty touched the ascending trendline at 6056?
@ NEVER GIVE UP,It looks like a 5 done; hence, the retrace strategy.
@ Aly,34 Hr sma 6041(rising by 3 points an hour) coincides with the "Trendline".If (4)th is "there", a break & a reversal for (5)th is likely.If "B" wave done @ 6156, selling continues towards 5800.
@Ilango Sir,Thanks Sir.
sir,two days back you have mentioned that b wave be very fast and may reach 5800 and below.I s this correct now?
Dear Ilango sir,Thank you very much for your response
@ jagannathan,Keeping below "6136", "B" @ 6156 wave remains in contention and the "C"'s travel towards 5800. In a very bullish scenario, "C" may take a different form, a sideways kind.
@ILango sir,, but anyways C would minimum do .618% of A is it a guideline or it happens as a minimum rule
@masterthe correction today occur in 5 waves so can we expect a zig-zag (5-3-5)?same as we did in 3 waves down a flat(3-3-5)?thanks.
Master, How one should get confirmation that this fall is C wave ?
On breaking 5950, it can be confirmed that this is not 1,2,3,4,5 wave count?? As from 5950, 1st wave territory starts and 4 th wave can't breach it.
New Post Done.
@masterthe correction today occur in 5 waves from 6156 so can we expect a zig-zag (5-3-5)?same as we did in 3 waves down a flat(3-3-5) in previous week?thanks.