Dear All,To my eyes - there is a chart pattern (Nifty day - 5D Bar chart) similarity at tops of 6229 and 6343 on prior upmoves till 6229 / 6343 and down moves post 6229 and 6343.Raghavendra
Dear MasterKindly post JNSAR levels for NIFTY50 stocks and NIFTYMIDCAP50 stocks for 22-11-2013 in Stock Wealth.Thanks & Regards
Namaste Ilango Sir & Blogmates, Bearish: Nifty saw huge liquidation for the second day in a row to close below 6000, with only positive for the Bulls, 6000PE writers holding on and SMR at 25.66...: Option Analysis for 21-11-2013Dedicated Option Open Interest BlogDuplicated at Wordpress SiteThanks & Regards,Sanjay Kr Jaiswal
Friends,Please go through the analysis, share your view for tomorrow's plan.Last fall on Nov 13, NF 6037NS 5988 Positive Divergence & OS Hour. So, bounced and made high @ 6211.Option Data6000 CE OI 1734950 - Resistance6000 PE OI 4927650 - SupportPattern - Dark Cloud CoverToday NF 6018NS 5999Negative Divergence & Not OS Hour6000 CE OI 3181200 - Resistance ( Increased significantly, chance to break 5980)6000 PE OI 5740100 - SupportPattern - Evening Star Ilango said...@ Nilesh,If it does not hold 61.8%, then 200dsma is the last support which will make a major shift in technicals.November 21, 2013 at 2:54 PMMaster's comment on ExcelIf stays below 6050, likely to impulse down to 5800 or lowerConclusion: Tomorrow, if NF breaks 6000 then it is clear sell (Last time NF didnt fall below 6000). And if 5946 (61.8%) does not hold then it is marching towards 200 DSMASenior EW Experts,I am BIG ZERO in EW.Please throw light in terms of EW for today and on Nov 13?JNSAR Seniors,Please share your view on this.PranamsKumar
do we expect a bounce tomorrow ? two news items on cnbc today-first- tapering spooks indian marketsecond- yellen to be next leader of us fedthird- even udayan mukherjee of cnbc said a few days back 6000 likely to be held.at 6350 people were highly bullishat 6000 people are so very bearishdo we expect a bounce tomorrow ?
Dunno about NiftyBut sure Tarun Tejpal is likely to bounce...:):)
Poor chap...I guess he forgot the holy maxim:Never dip ur PEN in OFFICE INK.....:):):)
@ rajiv malikThanks for your reply.When we are at top (6300), people will talk about the tapering news. Udhayan Mukhurjee of cnbc, read the article. This time, he did not tell anything. Now, he is silent. why?Few days back, Yellen told that tapering is not possible till the economy recovers.Technically, we are in the 6000 - 6300 (as per option data). Though we have huge support @ 6000, yday we broke. And 6000 CE writers back with huge power.