"IT" being the trend i suppose :P
@Waquar,Yes it means 'Intermediate Trend'
Tomorrow gap up or direction will reverse to upward direction? ? Reasons:1. Hour os2. Reached 50dsma/imp support levels3. Already retraced more than 50% of 5701 - 63434. Raghuram comments eases pressure on Re and Re recovered during last hours of trading after Raghuram's comment. 5. Most importantly, more and more people are being bearish and new lows are being talked about, so market has to give surprise.
Dear Ilango sir,In daily TA file - you mentioned a note in tab Wk.5D" If stays above 6050, likely to rally to 6600 or more../ If stays below 6050, likely to impulse down. to 5800 or lower."Request you to share significance of 6050 ?Raghavendra
6050 is the weekly cluster formation=support
Thanks suresh !!
Good evening master n blog matesThose who missed day jnsar short now may have another oppurtinity tomaro. So make use of IT.I think master used it --for following the trend-- Trend is yur friend till it ends bye
Namaste Ilango Sir & Blogmates, Bearish: Bulls seem to have thrown in the towel as they are unable to make any dent on the Bear citadel with today being the eight continuous down day. SMR is still hovering above 20...: Option Analysis for 13-11-2013Dedicated Option Open Interest BlogDuplicated at Wordpress SiteThanks & Regards,Sanjay Kr Jaiswal
UP 3 UP 2 UP 1 Pivot DN 1 DN 2 DN 36143 6080 6043 6000 5971 5949 5886
Possibility of testing 5750 one more time still exist if this levels holds can look for break out of 6350 to test new highs Spot Nifty broken all support levels bounce up to 6080 n 6120 to be sold in to SL at 50% at 6160. Below Day's low targets are 5951 5917 5871 AS PER FIBO DOWN TREND EXTENSIONS 138.20% IS AT 5830 AND 161.80% AT 5742 CALCULATION BASED ON HIGH 6346 AND LOW 5972
Those who made "TT" [Tech. Table] their friend, made "IT"...[Income Tax]
Tomorrow weekly closingResistance are 6024 week jnsar and 6035 Dev week pivotSupport is 5967 50 dma also dev wlema -50
supports are 5957-67 dev wlema -40-50
first 'IT' means Identifying Trends, next guess all?????
first 'IT' means Identifying Trends . next IT means guess????????
It seems tomorrow , we will go till WLoEMA and then reverse gear breaking the 50DMA support to 5906 for completing a 5 wave downward or even 5826 if wave 5 gets extended .... ..anyway price is God and any prediction will open the gateway to hell .. As master has already said .. if spot crosses 6050 , we are going up and away ..