seems liek early morning dip has been bought at 6065 - i.e suggesting this behavior to be that of the 4th ? Sir ?
a CNH on 2 min..breakout above 6095...target 6135....
sujatha sis please mark your attendance
Good Morning Sir, & Blog mates.
Dear Ilango Sir & Blogmates,OI Table Update at 11:00AM, Pivot-6127, R1-6177, S1-6061, VWAP-6114Huge addition at 6200CE, seems like resistance for the series, but the PE writers are not looking back and adding at each level from 6100 and below, Can see some range bound moves…Thanks & Regards
GM Master & all Blogmates - M S Rao
Bearish: 6093 6097 ... is 50%-61.8% retrace of the last fall from …… 6110 to 6075 80% is - 6103 If weakness is to return, it should be around 6093 6097 Strength gets confirmed above 6097 OR 6103
Hns in making in 2 min Nifty chart, will get confirmed if resisted and then breach 6065-67.Head at 6110, shoulder at 6084-6086 and neckline at 6065.Target may be 6020 with sl at 6092. Trade will trigger after breaching 6065-67.If resisted and not able to breach then double bottom will be in action.
sir,from 6057 cud it be a triangle in b wave
Dear Ilango Sir,Can you highlight the longer term preferred wave count from all time high 6357 on Nifty?It has been 6357-22522252-63396339-45314531-61566156-xxxx??? (Below 5000)Or we might not see Nifty below 5500 Now...
@ Piyush Sharda,There have been 3 falls:from 6156-6057 - retraced 61.8%from 6122-6065-retraced 80.0%from 6110-6075- retrace is on.Each fall seems to be a 5-wave form.I have looked at it in a simple way.Triangle needs more clarity and that is missing now.
@ Rahul,It is available in "JustNifty TA" file uploaded @ Just Nifty Google group
Dear Ilango sir,Last retrace of nifty upto 6110 has breached the down trendline. Shouldnot be assume that the down move has ended and upward move has began or do we redraw the trendline?
@ suresh,If you have read the most basic EW principle, you'll not have this doubt at all.There is a picture of Wave forms of multiple time frames in most EW book. It shows how each impulsive wave can be sub-divided into 5 sub waves and each sub-wave further sub-divided and so on till it is visible in 2 minute google chart or 1 minute chart from other sources.The trick is to keep in our memory the larger wave form in week or month T/F and follow it down to a reasonable T/F of our choice.
sir ,6156-6057 5 wave as a/16056-6122 3 wave a.b6122-6065 3 wave b.b6064-6110 3 wave a.c6110- goingwas seeing it this way and range(6122-6057) is contracting
just religiously following d/w -ema's =h/l/c
typo 6064-6110 c.b . any was your comment of retrace of 6110-6075 covers itstrading implications
New Post Done.
watch ns if < 6070