an IHS may be forming in 2 mins with neckline of 6289 and target of 6303
Dear Ilango,Now strenght only above 6311....there seems to be a cofluence at the price Sir
Sharp fall envisaged in 2 minuted at 21-55 EMA converging near 6285 when NS spiked above 6290 working?6277 not held, will 6264 or 10SAR hits ?
@Master can we take JNSAR position @ 6248 since we r in afternoon session????
BN closing < 5WkEMA NS may follow suit next week..
Monday's JNSAR few points away.
From ND Sir's websiteBreakdown occurred below 6266.1Breakdown target : 6228.1SL for short positions : 6,327.10
@ sudarshan,gap support exists at 6246-6240. may be good to wait for a while at least till closing. if closing below JNSAR & +/- pts. of days lows it may be a good bet to enter into short position with a stop loss of 20 points.
Gap filling from 6241-6266 on opening of 15 Jan ? So 6236-41 support as per pre-market also ?
6273 6278 ... is 50%-61.8% retrace of the last fall from …… 6294 to 6251 80% is - 6285 If weakness is to return, it should be around 6273 6278 Strength gets confirmed above 6278 OR 6285
huge unwinding seen in 63k and 62k PE
@masterBN dev jnsar plthanks.
sir, does it look like a fiver from 6333 with another ED in sight??? time frame 1/2/5 minutes
@ Chetna Jethi ,It is either a 5 from 6347 to 6246 or the 3rd wave from 6333 is sub-dividing as shown in the chart above.It will be confirmed based on the retrace of the last fall from 6294 to 6246 & the break of 6246. 6270 6276 ... is 50%-61.8% retrace of the last fall from …… 6294 to 6246 80% is - 6284 If weakness is to return, it should be around 6270 6276 Strength gets confirmed above 6276 OR 6284
@ Chetna.More imp.. since its a 5down from 6347 ... can expect another 100 pts fall via another 5 , once a corrective to this fall is done !