Dear Ilango sir,Can we also look at the current movement as a triangle a-b-c-d-e ivth wave?
a 3 wave upmove from 6075 done?
Ilango said...Bearish: 6093 6097 ... is 50%-61.8% retrace of the last fall from …… 6110 to 607580% is - 6103 If weakness is to return, it should be around 6093 6097 Strength gets confirmed above 6097 OR 6103 October 17, 2013 at 11:28 AM
Nifty Options Fancy Numbers: 20, 50, 63, 81, 135 Now 6300 Ce Low at 20.05
@Master,http://prntscr.com/1xul39This is also one of the possibility of 4th
Ill be away for a while.
Dear Ilango Sir & Blogmates,OI Table Update at 1:00PM, Pivot-6127, R1-6177, S1-6061, VWAP-6113Not much change from the morning update, with huge addition still at 6200CE, whereas now 6000PE has also added, so range of 6000-6200 for the time being…Thanks & Regards
Spammers are back in action and out of den after Master posted his message. Get some life abhishekpatel & rajveerthakur .
raaaaaajveeeeerthakurrrrrrrrrrrr I would advise you to read this blog daily for levels but not for NEWS!!!!....hahahahahahhahaha......:):) My friend Dinooo always says "tips are for waiters."
Nifty reached @ Dear Nd's buy zone,(on day trading basis) i.e.Last traded price : 6045.30Buy Zone : From 6045.05 to 6023.05Breakdown below : 6018.65 (stop loss for intraday longs)Breakdown target : 5978.75
6035-27 Nifty Spot possible .. Today or Tomm ?
where do u guys find ND's buy or sell zone? please give me the link to study
ns likely to bounce around 6030
So ND's system says buy at 6045 & put Stop Loss at 6018. So that's a cool 30 points drawdown. In intraday that is too much for my liking.And what to do between 6023-6018 ??Pray to God or bite my nails ??
Tomorrow's JNSAR 6019 and probably closer to 6050 ,a day after tomo..And normally,as market used to trade ahead of us for one to three days,so only it should not go much below today's low,if it has to go for a day....As well as,considering intra 67 point range,it would be enough for a day is feeling... Nevertheless "Market is supreme always and one has to follow the price only....let us see... till then bye
Bears need a close below 6025 developing DLEMA
After long time Nifty hourly close is below it's 34-Hr SMA (6075)
@Prabhanshu,you mentioned a hns earlier. what is the target and how did you arrive at the target?my computation is hns broke at 6070 and target should be 95 points from the neckline at 6070 close to 5985
Tgt computed as breakdown from neckline + diff btwn neckline and headWhich comes around 6020Head at 6110Shoulder at 6084neckline from 6065
Now seems like bear flag with breakdown below 6050 for t1 at 6030 and t2 at 6000-6010 with sl at 6061
->back +WW on Hr TA, if WkHIEMA holds, can expect a 50-100pt bounce ....
Dear sir / seniors, as per premarket view the target of 6040 is reached and took support at gap area and i want to know whether the channel is broken or not to confirm this as 4th wave or C wave.Please reply.P.Raman
@prabhanshu,I am looking at it as Left shoulder at 6108, head at 6157, right shoulder at 6121neckline with bottoms of 6046, 6056 and 6065 resp.
also move from 6156 looks like a descending triangle with again same targets
friends, could anybody give update on techtable dlema,hlema at 2pm. please
Downtrending channel bottom also comes at around 5980 tomorrow.
Badri HLEMA at 2PM 6066, Developing DLEMA 6023
Dear Shriram,AS there are lot of studies,lots of systems are there...For medium to shot term trading point of view,(not for day trading)As per our one of Blogmates Dear Rajapvt's system the clear cut sell signal is on..(@6083) so finger crossed... let see tomorrow.Bye..
a 3-wave move from 6040 seems to have been done. confirmation below 6065
61.8%- 6075; 80% 6085(Retrace from 6096-6041)Above 6085 strength?
@ Mynac,Am sure everyone has his own shaolin... i believe in SIMPLE EYES. this +WW jumped out imediately the moment one saw the Hr chart. On checking wot the OI guys r doing, it seems base building is on near 6K strikeHEnce the view Holding Higher T/f HiEMA .. good day
Nifty touches ND Sir's ATR Buy zone and now jumps by 35 points
@ Aly. . I was looking at 2 mins intra chart for hns for which sl is at 6092 (last swing high from right shoulder) which is still not breached so as per my understanding hns is still valid. Your levels for hns are from hourly Chart.. From my limited understanding is not hns pattern. Because, there is one lower level already present below considered right shoulder. As per my understanding there should not be any lower levels before right shoulder. I may be wrong and this can be validated or corrected by sir or other seniors.
ShriramCan yu please tell dev,, DHEMa. and5DEMAThanks in adv
@ Durga:6097 & 6057 respectively
Golden ratio worked... :)
Sir.. Gap exists @ 6034-46; Breaking/ trading below this would increase ST downtrend.It filled the gap and bouncing now?? I am not sure if this increase the ST downtrend?
Hns target missed by 12 points. . :-(
Low dema @ 6031 days low 6032..let us what happens tomorrow.
shriram said... ->back +WW on Hr TA, if WkHIEMA holds, can expect a 50-100pt bounce .... Closed @ 6045.85 tomorrow can bounce 100pts
Two retracements trade following sirs retracement strategy.1 : 6093-97 as retracement for 6110 to 60752 : 6068-75 (Also 34 Hr SMA) as retracement for 6096-6040.75