@ Prabhat,For ""Longsd", the SL should be "6153".
@ Illango Sir1st Hr NS high recorded is 6158.90Sriram
@ Illango SirTT shows 10:00 am high as 6179; high made was 6186.Pl. check
HiIf anybody is trading on Zerodha platform, Pl. confirm 1st hr NS day high
@ sks,First hour high is 6185.9. Reference NSE website : http://nseindia.com/live_market/dynaContent/live_watch/live_index_watch.htm
@ RaghavendraBut in TT table it is 6179?
@master: Any +ve divergences spotted in hourly chart? I am keeping 6207 NF to be my SL for other shorts.
Correction: Shall I keep 6207NF as SL for other shorts?
@ SKS,Ilango sir..will make the change in 11 AM TT update...Impacts only the developing high ema's..Raghavendra
Markets indeed seem to have made the diagonal fall from 6356 to 6139. No truncation of 5th wave (even that got well sub-divided and made new low today)Views welcome.
@ Itrade for profit and M,Try this ICICI direct link : https://nri.icicidirect.com/newsitetrading/customer/logon.asp Its working for me.
GM Master & JN Family,A nice reversal Bar forming , to warm bull hearts .. :-)Still needs EOD close > 6201 to stake serious claim, lets c. Have a gr8 trade day !
@Raghvendra,Yes, the latest trade taken is on icicidirect. Thanks.
6140 to 6202, a 5-wave done.6171 6164 ... is 50%-61.8% retrace of the last rise from …… 6140 to 6202 80% is - 6152 If strength to return again, it should be around 6171 6164 Weakness gets confirmed Below 6164 OR 6152
@Ilango Sir,The min target (in case of shallow correction as per yesterday's pre-market) of 6073 still on the cards?
@ Sonu,It depends on the "current rise from 6140".There are two ways of looking at a Flat correction from 6415.a=c or (6073)a x .618= c (6181)Minimum is achieved; Equality is not done. If stays below 6280(approx), it may attempt the second target.
Master,Any changes to EW labels on hourly charts that you have earlier posted?
Dear Ilango Sir & Blogmates,OI Table Update at 11:00AM, Pivot-6183, R1-6205, R2-6226, VWAP-6189Better than expected result in Infy, kept the index from going down with PE writers coming back for the time being, Strength stays above 6192NF…Thanks & Regards
@ AimNifty,There are few ST labels for the fall from 6358.6358 to 6171 as "i"6171 to 6225 as "ii.a"6225 to 6140 as "ii.b"6140 to xxxx as "ii.c"Another:6358 to 6171 as "a";6171 to 6225 as "b"6225 to 6140 as "c" with an ED.Another:6358 to 6145 as "a";6145 to 6192-6140-xxxx as "b" in progressxxxx to xxxx - "c" after completion of "b".=================================Whenever many EW possibilities appear, wait for clarity and use other studies to trade if there are clarities in them.
Sir NS is near JNSAR is right to go short at CMP......?
critical resistance levels for today:6217 - upper trendline of parallel channel connecting 6145-6140 and 6222-62176243-6245 - trendline connecting 5701 and 5973 lows
dear sir morning said reistance 6222-25 sell on rise....can ...?
JNSAR hit in buying zone also as per ATR.
dear sir morning said 6222-6225 is resistance for sell on rise....?
5 waves from the lows of the day???
What time IIP data to be released?
Volumes are picking up...
Thanks Master for showing all possibilities. It was getting confusing for me. As you rightly said... let the market show us the path and we will follow.
JNSAR triggred ..
@ raghavendraJNSAR Long side Trigerred right??
dear sir morning said 6222-6225 sell on rise you said...now..?
@ RaghavendraJNSAR Long trigerred and approaching filter of -20??
@ herry,Market has moved from the support zone of "6130-41" to resistance zone of "6222" which is based on our Pre-Mkt study.Now new technicals are unfolding... which would depend on how the correction takes supports at key emerging support levels.
SAR Triggerd !Now 6140-6222 range to be watched..should hold 38% initially at 6191 for up move to sustain or reversal confirmation? Also its 50 DMA !
@Experts: Has JNSAR long triggered @6221? If yes, then is JNSAR - 20 = 6201 the SL? Kindly inform.
Master said6358 to 6171 as "a";6171 to 6225 as "b"6225 to 6140 as "c" with an ED..Ed? Whats this please
Thanks Ilango Sir.No clear direction emerging on Nifty with 3 EW counts and:1) Bullish: Bullish Option Table, JNSAR trigger long2) Bearish: Sell on Rise continues, Nifty reverse from Pre-market resistance 6222FIIs are net sellers for the week until yesterday and markets are flat (for the week). could it be a trap for retail investor?
Mastermay i know whats ED pls
ED = ending diagonal
@Squander .. ED is ending diagnol http://thepatternsite.com/EWDiagTriangle.html
As stated OI table now turning bullish... Very tough to relate this to mkt movements since they are so volatile & may move any direction anytime. Hence best is to rely on Master's jnsar. @All: Has jnsar triggered?
@BT & Varunthanks a lot
see how the 6K PE price has metled vis a vi ysday @ 3:25 pm ...
@Prabhatjust do it!!keep sl of tom jnsar-20.thanks.
@PrabhatNS high till 12 was 6222.75 ! Now you may decide if SAR was triggered or Not.Master has been advising to take own decisions and not wait from other fools..Even if you follow 10SAR, it has been triggered (Confirmed at 6209-6210) ..But I can relate to your hesitation. Have been there- taking late entries and then getting whipsawed even with normal retracements..Sorry- but no preaching here. Just sharing my experience. Sorry if I sounded rude or offensive.
@Anand: No offenses taken buddy. I can see that high was 6222 but was asking just keeping whipsaws in mind. In case of whipsaws, its not just the SL, but also the brokerage that affects. Hence I asked. Anyways, I will wait for the next upmove to cross 6222 before going long. As of now, I have not yet taken long @6221.
@ShriramVix also melting down by 2.5% , now <16 ! Lower boundary saved by bulls at 6130 now tell them to break 6225. Mates are waiting...anmpatel would sedate bears now after their growlings for 10 days :-)
New Post Done.
Weekly Trend Down,Crane Strategy on WeeklySell on rise on WeeklyToday Last day of week than sell on rise
@ Anand:Holding St.34DEMA @ 6201 & above 6221.30 NS prev Swing Hi, bulls will try to hit the next Overhead Candle Res Cluster 6268-70 ...Good levels to watch out