Tuesday, October 8, 2013

Nifty Pre-Market View.

Buy on dips is in force; Prices dipped to around the support of 5835 @ 5826; a 5-wave down was done.
"b" wave can not be 5 waves except as a falling wedge with overlapping "abcde".
This correction is like an expanded flat pointed out by "Piyush Sharda".
(a): 5949-5885,in 3 waves
(b): 5885-5950, in 3 waves
(c): 5950-5826, in 5 waves.
This view is valid as long as "5853", wk.pivot holds.
a: 5701-5949=248
c: 5826+(0.618x248)=5979 (Critical 5970-73 zone)
OR
c: 5826+248=6074.(Exhaustion gap @ 6040, last LH-6033, 80%-6055).
I'll be away. Best wishes.

89 comments:

DNSHUKLA said...

Good Mng Sir and Friends.

Bala C said...


Good Morning, Ilango Ji

Nilesh Patil said...

Good Morning Master & Friends

Prabhanshu Raman said...

Gm Sir and friends.
This blog seems to me like a classroom where everyday we learn new lesson. Thank you sir
On the lighter side: Sir has given us test today, last today market session we all know the result. ;)

marina s rao said...

GM Master & all blogmates - M S Rao

anmpatel said...

goodmorning master and friends.

vk said...

Namaste Guruji.
Vinay.

venkatapathy l said...

Namaste Ilango Sir and blog friends

LV

venkateshspices said...

Good Morning sir & friends

Adrian Jose said...

Good Morning Ilango Sir and Blogmates

Manish said...

Goodmorning master and all friends....

Looking forward to a truncated "C" in the coming hours/days !!!

sarvesh sharma said...

good morning, sir and everyone!

Prakash said...

gudmorning master and all frnds

NEVER GIVE UP said...

Good Morning Sir & All Friends.

Parminder said...

Master ilango and friends,Good morning to all

rama balaji said...

GM Ilangoji & all Blogmates

Stockathon said...

Good Morning Sir and Friends...

Ravi Pillai said...

SIR
Good Morning.
Ravi

shriram said...

GM Master & JN Family,

have a gr8 day !

Piyush Sharda said...

sir,
no premarket levels :-(

Trader Junkie said...

slowly the tide is turning upwards - now we see PUT activity at 5900, 6000 is still a decent resistance. Indeed - buy the dip is in force !

Prabhanshu Raman said...

Shri, Tj, Aly, PT,
Bull flag in 2/5 mins charts? BO above 5963?
Pole from 5873?

amber said...

Sir ILango ji charan vandan and everyone good morning

shriram said...

@ prabhanshu:

Dev.Dhi ruffly @ 5923 .. holding this & on evidence of Intra 58/59 PE writing , NS can form a superb flag... lets c if patience shows this evidence of DATA + Entry pt

shivanGupta said...

sir,
today's ORB range is between 5980-5954 so one should short/long the moment price goes below/above this range or one should wait for 5 min candle to close below/above the range.

Raghavendra said...

@ Shriram & Prabhanshu,

Adding more

Dev. Day High EMA is 5931, where in lies the Day R1 , approx 21 Hr EMA and 5 EMA on 30 min chart

Raghavendra

dharmu mishra said...

respected seniors
need ur guidence for clearing my confusion
as per pre view one of alternative is c till 5979
which was completed at the start itself today
i want to understand weather we should consider(label) c and think for further unfolding of wave or we sould always wait for one hour price action and then only conclude for wave formation and labeling

dharmu mishra said...

respected seniors
and how this fall from5981-5948 to be labelled

Prabakar said...

Namaste Ilango Sir & JN Family

As of now, BNF Intraday Support @10370 and Resistances @ 10416 & 10440.

sudharsan said...

Good Morning master and Friends.....looks live we have completed i, ii, iii from 5825 lows now "iv" is on ..... seniors pls guide

Raghavendra said...

Dear Dharmu ji,

A friendly advise...take the EW learning a little slowly.

Per Master's advice, follow the labelling only at Day TF for now. Getting too close to the waves in 2min and 5 min TF raises anxiety levels.

Raghavendra

Prabhanshu Raman said...

Again resisted at 5981.. double top. Confirmation on breaking 5948 with tgt of 5915. Invalidation if goes above 5981.
Is it advisable to part book as .618 of 'a' is achieved and might have formed 'c'?
But 'c' should have 5 wave pattern. Can someone confirm that from 5826 till 5981 5 wave of formed??

sudharsan said...

@ prabhanshu looks live we have completed i, ii, iii from 5825 lows now "iv" is on

shriram said...

@ Raghavendra :
super (Y) .. :-)



dharmu mishra said...

respected raghavendra
thanks for ur advice and explanation
how to see this movement of nifty to 5981 in the morning and the expected c value 5979 through the eyes of waveformation

Prabhanshu Raman said...

Piyush, Raghavendra,
Can u see 5 waves from 5826 till 5982??

prakashbkc said...

GM Shriram sir,

In BN ORB breakdown done below 10310. Sir any view Can I expect similar move in nifty?

shriram said...

@ Dharmu:

Have u sincerely studies Prechter & Frost & RAMki for the past 2-3 months ?
pl see the WAVE FORM on 5mins, most likely 5wave is on from 5826

iiird completed @ open.. & now ivth may be playing as a EXP. FLAT ..vth UP may commence there-on tgt 23.6-38.2% x (5826-5980) + 5931 ...

this scenario is valid ideally as long as Dev. Dhi @ 5931 NS holds

I-HNS Pattern on Hr TA has similar tgt : 6050 -80 NS .. all these are POSSIBLITIES , and will be invalid or made low prob if NS u-turns and closes < Dev.DhiEMA

PLS STUDY SINCERELY, SELF HELP IS THE BEST HELP

gaurav said...

A request to all the seniors can you post the retrace lvl for the last rise thanx

Sanjay Jaiswal said...

Dear Ilango Sir & Blogmates,

OI Table Update at 11:00AM, Pivot-5917, R1-5977, R2-6010, VWAP-5999

Though Nifty is up by more than 50 points, but not much addition seen at PE, if PE writers don't come back sustaining the highs will be a daunting task…

Thanks & Regards

Prithvi Raulji said...

@ Shriram

how much SL for ivth

Mukesh Honest said...

N Ram, aaj ilango ji nahi to tum yahan apni analysis dikhane aa gaye aur sath me apni gtalk id bhi daalne lage..kya tumhare blog par koi bhi apne aap nahi aata ?? aur tumhe koi senior mana bhi nahi kar raha ?

dharmu mishra said...

respected shriram sir
studying seriously presently ramki
but cofused to understand things practicaly
i feel bad to disturb seniors like u for such silly thing
since this confusions r not good for understanding things completly hence asked for it
thanks for ur indepth reply
i m serious with subject but i understand very slow sir thanks

shriram said...

@ Prithvi,

One label set that looks immediately visible to simple eyes from 5826

i 5826 5854 28
ii 5854 5842 -12 -42.9%
iii 5842 5980 138 492.9%
iv 5980 5949 -31 -22.5% **done or if in play from morning, shud stop @ DhiEMA
v 5949 6008 59 42.6% (projection)

Prabhanshu Raman said...

Now double bottom?? ye kya ho raha hai. .

shriram said...

@ Dharmu:

Till u can start wave counting live, pls stick to JNSAR .. take this as a well-wisher's advise, who has lost enough money trading pure EW!

Just hope u can avoid the mistakes which i hv made, :-)

shriram said...

Dev.WkHiEMA also moves to 5948 NS ... so these r the support nets

5948 / 5931.. uske nicchu consider as ZZ done & -WW chalu

sarvesh sharma said...

@shriram, any idea about 5ema for today?

Jayant Bhatia said...

Inverse H & S in charts ! 15/30/60 min.
If Successfull Targets 6150 Nec line 6000

prakashbkc said...

Shriram sir,
In NF chart, 5 wave may done at 6020 level?

shriram said...

@ Sarvesh:

Dev.5DEMA = 33% xCMP + 66%x5879 = 5901 NS

@ prakashbkc : all posts pertain to NS pls

murli said...

SHRI RAM SIR
WHAT IS NOW DHEMA

prakashbkc said...

Shriram sir,

I know u always consider NS chart I always read ur comment seriously As Ihave seen NF chart in when NS is at 5980 after opening high at that time NF made new high of 6020 so I conclude v done so I asked

shriram said...

@ Murali : Dev.DhiEMA is wot Raghavendra posted - 5931 NS

@ Prakashbkc: sure, then simplest way to cross check is pls see if NF is > or < Dev.DhiEMA of NF ..

if starts trading < DHIEMA of NF, then its a possible indication of ZZ done with Cmin > 0.618xA


Stockathon said...

@ murli

CMP ref. is 5935

Dev.DHEMA is 5931
Dev.DEMA is 5898
Dev.DLEMA is 5856

Unless we break today's Day High it would remain the same is my understanding.

ak said...

seniors if we follow orb
the opening range 5980-5954 break on the downside???

shriram said...

** there is a small change in Dev. DhiEMA : its 5939 NS

CMP is currently just =DhIEMA & <WkHIEMA in spot, pl keep these nos. in mind now...

Dev.DHiMEa : 5939 / Dev.WkHi: 5948 NS .. sorry for the confusion in DhiEMA :-)

shriram said...

argh.. messing up today

Sorry Dev.Dhi is 5931 only... my bad :-)

Sonu said...

shriram said...
@ Prithvi,

One label set that looks immediately visible to simple eyes from 5826

i 5826 5854 28
ii 5854 5842 -12 -42.9%
iii 5842 5980 138 492.9%
iv 5980 5949 -31 -22.5% **done or if in play from morning, shud stop @ DhiEMA
v 5949 6008 59 42.6% (projection)

@Shriram Sir,
NS went below DHiEMA. Does it negate the above count?

shriram said...

@ Sonu:

i made a calc. error... sorry, Dev.Dhi is 5931 only. spot has not traded below that .. this 5wave count will get low prob below that ..

or if exploring from a Longs Angle, this 5931 NS can be an ideal Long entry pt.. wid 20pts SL , i guess,
thats y so imp to 1st form a view & then search for ENTRY .. ENTRY always near some Higher T/f EMA generally give Hi-prob trades (for long or short)

Sonu said...

Thnks Shriram Sir.

Good Lesson:
"ENTRY always near some Higher T/f EMA generally give Hi-prob trades (for long or short)"

shriram said...

haha. he bhagwan... ye lo 5931 NS bhi gaya.

So, now there is a -WW on 30mins T/f... 1-4 tgt is 5800-5750 ! Pattern will be valid as long as 5931 resists & we brk St.DEMA @ 5879 & invalid if EOD close > 1-3-5 @ 5950

5950 ke upar , same pattern can be seen as a I-H&S also ... ;-)

Prithvi Raulji said...

Without master, blog dead

ak said...

friends the head and shoulder pattern on 2 min charts that goes well with todays nifty move
the right shoulder is not prominent but volume confirmation supported it
http://postimg.org/image/oxa39cdox/

ITradeForProfit Daily said...

Nifty touches ND Sir's ATR Sell zone and retreats more than 50 points from there.

Mukesh Honest said...

Prithvi ji, apka matlab blog mar gaya ya aap blog dull kahna chah rahe hain?

Prithvi Raulji said...

@mukesh lowest
If master here than they do not give u permission to post

Mukesh Honest said...

Prithvi ji, daaye baaye na bhago..jawab do ki kya kahna chah rahe they ki BLOG DEAD...agar jawab nahi hai to koi shikayat nahi

sarvesh sharma said...

@ prithvi,,quite unlikely..have a re look at the posts..today we got formula for calculating dhema, and 5ema of rep time frame from shriram and he is guiding well enuf..jnsar and pre market view is also there..why confusions ?

DZIRE said...

Namaste Ilango Sir & all blog mates.

Hi to Shriram, Mynac, DR Sir,Sujatha .

Back here after a long vacation & was away from trading.

Hope to get involved here.

Prithvi Raulji said...

@sarvesh
Yes, also confidence on JNsar

Ravi Pillai said...

Friends
When someone is not present minimum what we can do is
KEEP QUIET.
If possible carry forward the good work.
At least stay away from intruders.
Ravi

Prabhanshu Raman said...

Hey guys I am not able to figure out inhs pattern in hourly Chart which everyone is talking about. Can someone post the values of head, shoulder (left and right) and neckline. .please

shree said...

will hit new low???......even 5880 to hit????

shriram said...

Hi Dzire: Long time indeed, hope alls well :-)

Jus steppin out for Luncheon, Bon Appetit !

sarvesh sharma said...

@ shriram, more than DHEMA the closing above 5950 is more important. isn't it? otherwise it can be a failed breakout too? your opinion. please..

shriram said...

my opinion : bhook lag rahi hein, kuch aage pichu nahi dikh rhaa :-)

Yes.. if close > Dev.WkHiEMA will be strength for sure, cu guys @ 14:00

Sanjay Jaiswal said...

Dear Ilango Sir & Blogmates,

OI Table Update at 1:00PM, Pivot-5917, R1-5977, R2-6010, VWAP-5986

So Nifty did not sustain the high and came crashing down, but we have many support around 5951-5934 range, and huge addition seen at 6000PE, can we have a bounce…

Thanks & Regards

shree said...

to short or to long......indecisive....

ak said...

seniors
is nifty doing a retrace for the move from 5981...what aree the levels to consider?

Parminder said...

hi prabhanshu this is for u
http://prntscr.com/1vzpop

Prabhanshu Raman said...

Ak, I am not senior :) but giving the retrace values:
50% 5952
61.8% 5959
73.6% 5966
80% 5970
if Weekness has to return should be from 5952-59
Strength above 5970

sarvesh sharma said...

dev whema currently at 5942-43

shree said...

BN ..new low .....

Prabhanshu Raman said...

Parminder.. my understanding, this is not correct pattern for inhs. Your neckline could be shoulder and right neck is yet to built. Neckline may be from 6033
my understanding and may be wrong

Post a Comment