If (4), it breaks the trendline & reverses @ around "6115-27".If falls below 6115, it could be:"B" completed and "C" towards 5900 or lower possible."1st" wave from 5701 completed and the "2"nd wave correcting the rise from 5701 to 6220 unfolding.
Thanks a lot for ur comments at this crucial juncture.
Dear All,Nifty's low at 6140.35 coincides in Pivot ranges.Day S3 @ 6145 , Week Pivot at 6141 and Month R1 at 6146.Raghavendra
GOLDEN WORDS OF MASTER@ shriram,In the shortest version, many possibilities exist.In the month chart, last two peaks connecting line has been resisted @ 6220.Only a decisive move above would be an early confirmation of good bull run.On the other hand, there could be a contracting triangle in formation from "6229" in the month scale if prices are contained below 6250.LAST TWO DAYS NIFTY NOT MOVED ABOVE 6220
Ok.. so after lots of permut-combos.. this looks a Hi-prob 5wave donei 5702 5949 247 ii 5949 5826 -123 -49.8%iii 5826 6156 330 133.6%iv 6156 6033 -123 -37.3%v 6033 6220 187 176.5% (iii extended > 1.618)Now.. looks for ABC retrace of 5702-6220Fibbo zones, for possible ABC ends, are:0% (b) 6,22023.6% 6,097.75238.2% 6,022.12450% 5,96161.8% 5,899.87676.4% 5,824.248100% (a) 5,702
Get Dashehra offer and more tips and callsSTOCK MARKET, Commodity trading Tips, stock Tips, Trading calls,Mcx tips, ncdex tips, mentha oil price cotton updates, gold and silver updates, stock tips, nifty calls,stock Tips, Trading calls,Mcx tips, ncdex tips, mentha oil price.Regards:COMMODITY INTRADAY TIPS
Dear Ilango Sir & Blogmates,OI Table Update at 1:00PM, Pivot-6219, S2-6180, S2-6141, VWAP-6181OI Table has turned Bearish for the day with huge addition at 6200-6300 level, looks like crossing 6200 won't be easy for the day and crossing 6300 won't be easy for the series…Thanks & Regards
Master 5 wave from 6209 is over ???
JNSAR trigger very near
Jnsar @ 6095....will it trigger today??????
sudarshanmay be. may be not :D
Can We Trade TOMO JNSAR?
6116 tomorrow's developing JNSAR protected as of now. However, NS below ND Sir's ATR Breakdown point. Interesting times.
Love to see it trigger today.....:)
nice blog.. Just nifty thanks dear.. intraday nifty chart full information stock market and trading help.More news:- Nifty live chart
be careful what you wish for. sometimes u will see it trigger many times today itself :D
Low Made 6118.65 didnot Break 6115
Also developing DLEMA of 6115 protected as of now.
@masterpl update 1pm if possible..thanks.
@ Illango SirSir Table not updated @ 1:00 pm
looks possible 6046-6071 and 6021-6033 gaps to be filled.
@ Illango SirSir Table not updated @ 1:00 pmOctober 23, 2013 at 1:33 PM
Hi ILango Sir,Yesterday's red dotted line worked out perfectly well.Today it has been drawn higher. My humble question is have you drawn it higher today on purpose?Thanx for answering.NK
Hello Sir,Future Premium is coming down. It is less than 10 points now.Does this increase the chances of breaking today's low ?Thanks
Ilango said... If (4), it breaks the trendline & reverses @ around "6115-27". If falls below 6115, it could be: "B" completed and "C" towards 5900 or lower possible. "1st" wave from 5701 completed and the "2"nd wave correcting the rise from 5701 to 6220 unfolding. October 23, 2013 at 12:16 PM
@ Illango SirSIR PLEASE UPDATE TABLE
looks like 3rd down done?
still below 34 Hr SMA
Seems abc of 4th done at 6152 from 6117 for the intraday fall from 6209. Expecting 5 down for 55 points from 6152
anyone with updated dlema values?
@prabhanshu: to me it looks more likely that only 'a ' is done and now we are in 'b' down
@Aly6115 developing DLEMA as of now
Looks Like Rocket.
Any Chance close above Today DHEMA?
@ Aly. . Can u give your wave count. .I am learning so want to know your count
6100 PE writers covering?
@Prabanshu,same here, I am also learning :). to me the move from 6116 looked like a 5 waves up hence i said its 'a'. It might as well be 1 up for a 5 waves upmove from 6116
@Prabhanshu,now it looks more likely that this is 5 wave upmove from here
avg. closing anyone? seems closer to tomorrows pivot
Sir, I had short at today open > 6215. Can we hold shorts now?
avg closing 6172
@Aly6171.64 and rising....
6220 to 6117 = 103 * 61.8 = 64 = 6183....80% =83 =6200......currently @ 61.8 %
@ anmpatel...what is 6171.64???
now 6174.83, no way to close above DHEMA, but closing above 5DEMA...
Master Can hold Longs?
Ilango Sir, Seniors - Hanging man in the making?
Dear All,Nifty obeyed Illangoji's laxmanrekha dot to the point"If (4), it breaks the trendline & reverses @ around "6115-27"."It has broken channel briefly & again reversed within the channel with 61.8% retrace of 6220-6117.
can nifty sell this leval?