@MASTERthanksssssss a lotttery ji... this time i got it. i got profit 5000 first time by JNSAR. i m very proud to be your student guruji. again proved JNSAR IS GOD.
@GVB cool. Don't b so elated. Keep Ur emotions @ bay.Get rich slowly, quitely & surely.
Dear Ilango Sir,FIBO table showing only the retrace for 5119-6347. Is it by design?
@Marina...his next comment wil be...."Friends I missed JNSAR trade because of this /that....Now what to do....:):)GV buddy just kidding....Enjoy the gain....:):):)
dear sir 6156 is E of 2 wave done..? above 6182 is 80% today high and low..
@ GVfrom pongal days to profit day way 2 Go
6226 6242 ... is 50%-61.8% retrace of the last fall from …… 6294 to 6157 80% is - 6267 If weakness is to return, it should be around 6226 6242 Strength gets confirmed above 6242 OR 6267
Bearish: 6209 6226 ... is 38%-50% retrace of the last fall from …… 6294 to 6157 80% is - 6267 If weakness is to return, it should be around 6209 6226 Strength gets confirmed above 6226 OR 6267
@Marina,SBSB,SKSHi friends..... thanks ya....
@Master,Is it prudent to do similar calculation based on today's fall from 6189 to 6157 and consider strength only above 80% of that at 6182?Will this be called conservative or aggressive?
@ ITradeForProfit Daily ,Since the fall from 6189 to 6157 was part of the fall from 6294 as the "iiird" wave, such a retrace may not work.The intraday rise from 6157 to 6179.55 being a 5-wave structure, the "iv"th could develop as a zigzag; hence,6171 6169 ... is 38%-50% retrace of the last rise from …… 6157 to 6180 80% is - 6162 If strength to return again, it should be around 6171 6169 Weakness gets confirmed Below 6169 OR 6162
The intraday rise from 6157 to 6179.55 could also be labelled as 3-wave structure; In that case, the "iv"th could develop as a flat/ triangle. Take this also into consideration.
Dear Ilango Sir & Blogmates,OI Table Update at 11:00AM, Pivot-6294, S2-6221, S3-6149, VWAP-6183Huge addition at 6200CE, seems like a move above 6210 looks unlikely for the day, Sell all rise till todays High is not taken out…Thanks & Regards
Is it safe to hold 6200 PE as market seems less moving on downside from morning and may do a short covering for tomorrow's big day?
@Karthik: Just a thought from a small ant in the mkt. "Never ride the news/events. Always ride the technicals." In case of events, esp during the expiry, the swings were to happen, then they will be so swift & fast that you will not get time to exit. So in case you are in decent profits, boot out & stay out. Master has always advised to part book. You can always re-enter after the new/events.
respected sir, please can you label move from 6158-80 in three waves,..not getting the right points for ABC
Latest Day low @ 6152.90
New Post Done.
Latest D L @ 6151.70
@ sarvesh sharma,6156.95-6173.6=a6173.6-6170.90-6174.9-6171.25=b6171.25-6179.55=c
Thanks Prabhat. Thats what i just did.. booked small profit and exited.. As this blog seems to reverberate with a slogan "make gains - slowly,quietly & steadily". I am slowly trying to keep up with the beat..