Dear MasterNS held 50% on first instance and then 38% at 6208 on 2nd retrace. Now trying for 23%Will breach of 6208 be considered as confirmation for failure of 5th or 50% levels?It will be a useful idea for future bench marking since failed 5th can be more bearish, no? (Not about the extent of correction after a truncated/failed 5th)
Typo in Last sentence : Please read as : Not "sure" about the extent of correction after a truncated/failed 5th).
DEAR SIR TODAY LOW 6130 DONE 3RD WAVE 6238 IS 38.2% 4th wave...and 5th doun...?
--> back62PE writers on fire
Shriram ji !Will NS fail the 5th failure (possible till now) by crossing 6230 - DHEMA and keep momentum alive for today and tomorrow? How would you read the recent waves?
@ anand:Actually, was trying to see 6130-6236 as 1 5wave w1 with Extended 5th.... & this consol. as w2!For bear Alt. simple ZZ : 6130-6236 may be explored na, with confo. by breakback below 5DEMA/5WkEMA zone tomo itse$lf !Waiting for Master's word on my label now
Thanks. Seems 5th failure is getting confirmed with 6208 not held
@ Ilango Sir - Break of 6199 bearish?
could not get what market says,,today...even a single word..surprise and shock
Also, the EOD gap @ 6237.5, 3 days back remains unfilled ,,, interesting ~
so many open options ,, not good for trading...or i am too immature for this..interesting, confusing and boring...
A probable abc seems done????? ...6236- 6199,,,6199- 6226 and 6226-6203 61.8% of a
Master& seniors, Is day JNSAR is going to be Long/Short considering tommo JNSAR of 6228?
Nifty trading above 5dEMA AND DLEMA, so no shorts. but lower than JNSAR AND DHEMA so no long...
@ Swami,But Nifty is above J10 SAR , Developing pivot , 34 Hr SMA and a Bullish Engulfing candle stick pattern today ....Case for longs may be.....:)Raghavendra
Tomorrow JNSAR Trigerred?? should we go long
super short covering
maribozu candle :)))
Pl confirm only 4 Min left
@Raghavendra, there may be a case for longs. but till today morning JNSAR is in sell mode and the shorts are covered when we trade above DLEMA AND D5EMA, Considering the event I want to be more conservative. Since we are not above JNSAR and DHEMA, I thought it is better to wait it out for one more day
@Shriram, three days back gap is filled. The low of 12/12/13 is 6230.05 and today's high is 6236. I am referring to Nifty spot.
@ Kameshwara Rao.Gap to be seen as diff. of Close of 1st to Open of 2nd Candle, was my understanding of the Theory
@ Kameshwara Rao,Gap mentioned by Shriram exits both in Nifty ( 6236 to 6237.05) and Sensex ( 20917 to 20925 )Raghavendra
@Shriram: Oh! OK. I thought otherwise!
respected shreeram sir /seniorsone doubtin TT retracements it is given as5973 to 64156415 to 61306162 to 6236sir doubt is why it is taken as 6162 to 6236 insted of 6130 to 6236 why gap from 6130 6162pls solve my confusionthanks
clue from sis( sujatha ) was required