What a scenario...JNSAR hits....but Nifty @ 50% and R3...5 wave completed....weekly still down and 4 days to go for weekly signals.....
NS made new high not NF
6100 CE writers still holding
@Ilango Sir,Is it expanding triangle forming now?
GA Master, Is it bearish expanding triangle in formation on weekly chart?
@ Shree,Nifty currently above Week Pivot ,Week R1 and 2nd day in row with candle stick pattern of "Open - Low" being same. Raghavendra
Next Res. 6202 spot
sir you said 5th wave done....
@ Raghavendrabut if close on friday above 6124/6188 will confirm weekly positive that is my point..and one more todays open low is really same?? plz give me same levels please
6100 ce unwinding.
Any possibility of NS touching 6200 ? Today or Tomm ?
6220 for Nifty Future is a critical point , not crossing this with volumes may see 40-50 points dip in comming days
ting tang....what is significance of 6220 NF????
Overall treads look up with Nifty willing to make new high before falling meaningfully.
sir you said nifty 5th wave done for 6042 to 6158...
Sir 5 Waves completed from 6138 to 6174 on 2 min chart?
@henry,when did ilango sir said that?
Like tracking Nifty ,Nifty future is also tracked with Fibbo levels .so with the retracement levels 6219 -6220 is comming.
@ Shree,I refer google finance chart and the 30 min candle shows open and low same as 6111.05.Yes - a close above 6114, will turn the week up but we cannot ignore signals generated earlier than Friday too...like a close above Day high EMA and Week R1 on first day of the week.
I think Ilango sir has clearly said "weakness below 6133". given that the trend is up, one should wait for nifty to go below 6133 before attempting any shorts
@ herry,Nifty did a 5-wave move from 6041 to 6158 and subsequently I stated that Nifty is undergoing "Flat correction as long as 6133 holds" (and not a double top).Nifty made a low @ 6138 and rising.Now trail longs with 6138.
From the low of 6138, a 5-wave is about to be completed..
ting tang retracement details please for 6220 NF
intra day consolidation break out near 6160 next FIBO res, at 6202
3.00PM TT & Chart Updated..
@Henry , i too used to trade reading half sentences and jumping into trade after the yellow posts of Master and then realized that Master had shared the conditions also .. in this case too 6133 was the Laxman Rekha ... the Rubicon .. shorts could have been initiated after Nifty spot had crossed 6133 ... Patience
we have two consqtve big gaps and these to be filled very soon.
@shreeNifty Future made high of 6215 , 4-5 points away from golden figure i described earlier , below this can see some corrections
Closing seems to be above all the high emas
DKG said... Time to put writing... November 14, 2013 at 3:22 PM
ting tang please details in technical terms...fobo 6220 from where to where???..
dear sir 6201 61.8% sl can sell hold..
ting tang it hits...6220...can we short here?
Sir, nifty weekly and Monthly HEMA is 6196 is saved till now ..can ns look back...from here..regards
ting tang answer fast..time is running
Dear IlangoMay the blessing of God be with you and your family .
@shree I had mentioned earlier the fibo level its from 6356 to 6007 ,retrace bring to 6222 or so