Nifty seems forming a H&S pattern in day time frame with LS at 6252 , H - 6343 and RS at 6212 . If right where do we place the neckline and what could be targets achievable .Nifty has hit the 61% retrace of the move from 6041 - 6212 at 6106
@Hardeep and Ding...Guess to poora ulta pad gaya. . Lolz. . In fraction of time bullish view changed to bearish. .. Also i will be careful next time onwards with cluster of resistance. 2nd experience in a matter of few daysLesson learnt.
Hi Prabhanshu,Har Ek Guess Ka Ek Time hotha hai... if that view is not working in given time then its time to change our view... as per me that's technicals and in simpler term its "following"The above statement is more relevant when we are guessing based on tools like Open Interest which are very fast to change. Today can observe that at 2.50PM 6200 CE PE OI exactly reversed in just 5min.Ding A Dong
sir please rectify if I am wrong,6143-1st wave5701-2nd wave6343-3rd(I)5972-3rd(ii)(a)6212-3rd(ii)(b)????-3rd(ii)(c) in progress
Namaste Ilango Sir And All.@Ilango Sir,19th, 20th November DLEMA are same(6107).
@ prabhanshu ramanNo need to b bull or bearAs master says foloow itAsa mayter of fact now also ---sideways not bearish. Have a nicw day ..
@ Prabhanshu,Around 3 O'clock, I was about to post that we are in same positions as that of yesterday and this time 'feeling' was little strong to go around 6270 tomorrow(with gap up) but things changed in just few mins. Regards,
Namaste Ilango Sir & Blogmates, Bearish: Huge liquidation in the dying minutes of trade saw the index crash towards 6100 level with PE writers covering en-mass, need a follow up action by the Sellers to be in control...: Option Analysis for 20-11-2013Dedicated Option Open Interest BlogDuplicated at Wordpress SiteThanks & Regards,Sanjay Kr Jaiswal
http://profit.ndtv.com/news/corporates/article-reliance-industries-fined-additional-792-million-for-failing-production-target-report-372768this can create huge panic?
TOMORROW SPOT FAILS TO TRADE ABOVE 6140 AND CLOSE WE HAVE VERY STRONG REVERSAL TO 5800 TO 5700 LEVELS.1. 6343 --59722. 5972 --62123. 6212..........IN PROGRESSILOGO JI PLEASE CLARIFY IF I AM WRONG I AM AT LKG AS FOR AS EW IS CONCERN THIS IS MY FIRST QUERY HOPE TO SEE YOUR VALUED ANSWER
Hardeep n Ding Dong how do you come to know about call put status? please reply