GM Master & all blogmates.Have a profitable Trading day - M S Rao
Looks like a-b-c completed as wave-2 and wave-3 start now
Sir, have posted my understanding on Nifty Monthly wave counts, need your guidance to validate my inferences or am I wrong in my understanding.Related to current NS movement:1 completed at 6247a 6247-6278b 6278 62642/c 6264 6304.5 ==> 3 started in downward direction.(i) 6304.5 - xxxxDoes it sound valid???
sir,can u label as u see from 6343
dear piyush sharda , would you please throw some lights on Bank-Nifty
@nissan deka,dont track banknifty at micro level for f&o trading
sir ji,yr method of retracement of 50/61.8/80% is a great help.one querry.when price is below 50% ,-sell , but indicating that the trend is up.then how do v confirm that it will cross 80 % , so that v can wait andnot book profits earlier.your advice please.thanks
@ suresh,You sell on retrace @ 50%-61.8% with a SL. above 80% is the general strategy.
not book profits earlier @ d-hema + filter, as 80% retrace for ut is much higher than d-ema + filter
@ Piyush Sharda,I have no data for Mahurat trading except the high & the close.1 & 2 is assumed to have been done on Mahurat trading; 3 at open and 5 with clear 5 sub-waves ending at 6248.Accordingly suggested the retrace strategy.It is still too early to state of any changes.Two scenarios at work as per the chart.
thank u sir,was not able to decifer correction from 6348. was looking like downward move failed at 6349.15 and then up. so asked
sir ji, can i put my querry with an e.g if you permit
Holding "6259-70" & moving past "6290" would indicate strength.
@ suresh,Your initial query is flawed.how do v confirm that it will cross 80 % ?No one can answer that.Based on observations from diff. studies, we take trades....some like baby steps (intraday) and depending on further confirmations, bigger steps(positional).
sir ji,thank you
sir ji.I will "JUST FOLLOW"
New Post Done.
dear Illango sir , would you please throw some lights on Bank-Nifty