"Now" is one opportunity..
"Now" what opportunity sir ? plz explain or give some hint.
@ master i cant understand master
it was the oppurtunity to go long at 6311 with a small stoploss, probably!
http://imagizer.imageshack.us/v2/800x600q90/593/svf7.pngmy view so far
and it seems to be working10 points in
below 6311 sell nifty....
@ sony victor, GV,We have been waiting for the "NOW" moment("NOT NOW" post of yesterday's EOD) for some time to break above 6330.At "6311", it was one such moment.
6320 6318 ... is 50%-61.8% retrace of the last rise from …… 6310 to 6330 80% is - 6314 If strength to return again, it should be around 6320 6318 Weakness gets confirmed Below 6318 OR 6314
Dear sir, Do you see properties of a "B" wave in this rise from 240
Unable to cross 6333 + cluster, & now if goes below 6300 would lead more downfall.
16th jan last hour high need to cross, else again trading range comes in play.
Tough/Stiff cluster of resistances (6333-6343-6358) but 6300 PE writers stands rock solid.
sir how can we label from 6287.45
6342 weekly pivot R1. lets hit it and get me out
- WW visible on 5 min chart-- pt 5 formed at 6330.... Tgt 6305/6300 (also near Cam_L3/L4).Experienced people pl cpmment
@ Piyush Sharda ,You could label 6287.45 to 6315.7 as "i" and then waves sub-dividing...ORYou could label 6287.45 to 6326.6 as "i" and then waves sub-dividing...
@ Share & be Sure, a -WW is visible.
sir 6287.45-6326.6 looks like a 3 wave form. are u assuming diagonal here?
can anyone guide regarding volume participation at this level of niftyis it strong or weak
"Now" moment is slipping away again..
tatasteel puts up a good show till now..sir, it seems that the first wave from lows completed today morning and second as a flat was done at 23.6%...and 3rd start or shall show up sooner...do you see a similiar picture sir?
6330 is resisted wonder how many times since consecutive 3 days. Grrrrr....... Grrrrr..... + pulling my hair.
New Post Done.
@Master: Looking at how the week has progressed do we give more weight to 6330 as resistance zone or 6300 as support zone? 6300 PE crosses 60 lac + OI. Given that 6200 & 6300 PE have OI highest OI as compared to any calls, can we somewhat hope that nifty is gearing up for big upmove given that RBI meet is on Jan 28th wherein mkt rumours are out that RBI might keep rates unchaged (given the lower inflation + WPI numbers)? I know technicals should always gain precedence, but just to keep options open, I asked this question. Kindly guide.