dear Illango sir , would you please throw some lights on Bank-Nifty
--> back ZZ unfolding to simple Eyes thus :-a 6341 6248 -93 b 6248 6305 57 -61.3%c 6305 6212 -93 100.0% ** in play ??Will need to see price action near St.DEMA 6257 & Dev.Dlo @ 6223 NS, for these to be valid... conversely if price holds 5DEMA, can look @ 6248-6305 as a NEW 5wave UP
In the expiry day, from 6250, it is bounced till 6308 in the last 45mts... thought there is huge res @ 6300 and good support @ 6200...let us see...
respected llango sirsir as per hourly chart labeling we r in 3 (3) (i ) is done at 63433 (3)(ii) formation is going on were we hv completed (a) at 6248 and (b) is on sir pls tell me is my understanding of chart correct or am i making some mistake
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respected shreeram sirsir as per hourly chart labeling we r in 3 (3) (i ) is done at 63433 (3)(ii) formation is going on were we hv completed (a) at 6248 and (b) is on sir pls tell me is my understanding of chart correct or am i making some mistake in understanding these simple things also
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@ DHarmu: With promise that u will ask me only 1 doubt per day :-)here is the answer..1. If EOD close >> 6317 NS , then 6343-6248 to be considered as a ZZ done..2. If EOD close > DHIEMA, but 6.3 / 6.4K CE OI remains High , then 6248-6305-6263-62XX to be seen as B wave towards 63203. If EOD close < 6257 NS, then C wave in play possible down Seeking Dev.Dlo / WkHIEMA
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@ Dharmu:Looking London , Talking Tokyo , ya 2 peg jyada laga diye ho ? ;-)
Master,Are u seeing this fall 6341-6248-6305-6254 NS, now as a DZZ , sir?? A +WW has formed on the Intra charts. but 6.3,6.4k CE OI is adding significantly.. how r u reading it pls ?
respected shreeram sirthanks for ur reply sir i will keep the promise but if there is gap of 4 days then next day i should b allowed to ask 4 queryjust joking sir will try to not to disturb u in busy hours until it is very imp thanks for all ur supports
@ shriram,I have expressed the scenario in pre-mkt.===================================Month has given a positive reversal signal. However, week & Day are in Overbought zone while Hour & Day TA has -ve divergences. Hence, intra month corrections would be possible.Couple of months ago, month generated a "Hold sell" with a close below MLEma but the shorter T/F showed highly oversold conditions with +ve div and market started an intra month correction upwards, only to reverse the month trend too.Present set up resembles exactly of the opposite in nature.We, traders, follow the market from the shorter T/F, keeping the higher T/F in the back ground.==================================We need to follow up price action to confirm the same.Until then "both" bull & Bear possibilities exist.
shreeram sirsorry sir master aur aap dono ke liye mere dil me same respect hai sir wo typo error ho gaya
thank u master !
Dear All,Faster retracement of last rising leg completed. Reference google finance 30 min chart.Last rise : 6244.95 to 6343 took 15 , 30 min candles,Falls from 6348 to 6244.3 took 13, 30 min candles.Raghavendra
@ Raghavendra.. An HNS also forming.. NL is ruffly @ 6245 NSTgts : 6190 / 6130 NS
Hello Master & other senior members,I have recently started following JN closely. Can anyone of you please send me tech table xls.I am not able to find any xls in above blog(its an image)Thanks,Khemchand
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