what is happening?
last support 6200-05..the lower channel support..nifty bounced twice from this channel..if breaks...mashallah!!!..
should we even try a small long position at 6217 - 0.618 of 6358-6130? given that JNSAR is trigerred down and with the ferocity of downmove I am hesitant to try it
now showing 6268.35 low
friends political instability as pm will resign tomorrow as per speculation and rahul gandhi will replace him ...all speculation ofcourse
@ Aly:Either New A down from 6358 or Expanded C .. or., to cockle bear hearts... new BEAR 5wave w1 :-)
Master !Thanks to your words..Never hesitate to reverse the positions...! Market can do anything...as long as it is open..!
@ Aly,80% magic; prolonged correction, due to holiday season, for the 6415-6130 fall getting completed; Opening volume faking an upmove with no follow up within the next hour; an abc correction at 6336 breaking....
Dear ilango sir,5-wave downmove done or still unfolding?
low is 6233....
JNSAR is triggered! Can i go short? This is my first trade by ussing JNSAR! Please give me anyone advice.
@Master,What are the fibonacci ratios for a wave, b wave and c wave in irregular flat?
the news/assumption behind market fallrahul will replace pm and launch huge subsidies like free electricity ,free water etc ....as this is election year .......trade your plan ...with discipline ....thanks
respected shreeram sir such a fallwas that able to be caught by any EW knowledge and pattern formation or any other clue sir if so pls share
A New Year Gift....for those who believe and follow prices with the chosen study..
NF low 6268.35
Thank you Ilango sir,thanks for your prompt update of weak below 6336. saved me again
@ Dharmu:62/61PE OI is not yet unwinding.. on other had 64/65 CEs have added huge & price has fallen 100ptsEither Expanded C or new A /w1 down..
@ Aly,From 6358 , the 3rd is unfolding..
respected llango sir ur 6336 level of weakness alerted me for squareoff my long positionsthanks sirit what level we can expect support to come
Developing day low ema is 6263.
(only time pass) wat is the diff. between RG AND MMS?? anybody pls.. this "free mania" infected from "kajeriwal" probably. RG will get nice sixers,fours, bouncers from Mr. NAMO if he selected for PM candidate... all time pass for "public" :D follow only technicals..let the news and events will come and join with us :)
yes sir,Really a gift for those who believe and follow prices with the chosen study....
What are u doing "FII'????
@ dharmu mishra,A trend is emerging to the "Downside". In such a scenario, keep looking for possible resistances only to manage the position. Otherwise, the tendency to play contra trades could trap you, unless you're a very "athletic trader".
Dear Ilango Sir,Do you mean to say that it is high probability that 6415 to 6130 was wave 1 and from 6358 3rd wave may be unfolding?
respected llango sirthanks siri remember u told me few days back regarding management and application of supports and resistancethanks for making me remeber thatthanks sir
@ dharmu,I agree with Ilango sir. I have learnt this after losing lot of money. Wait for the trend to establish which it seems to be happening on the downside. Dont try counter-trend positions for scalping. It looks easy but you will end up losing
Nifty from ND Sir's ATR Sell zone to ATR Buy zone.
@Alythanks for your advice
master,61/62PE OI is rock solid sir... in the face of this fall..
EW+TA Did magic:-)Thanks sir jay ho
@Alyfor trend establishment we should look for 6284 level dlema as end of day for making any conclusion correct me if i am wrong
respected shreeram sir thanks for your reply and guidence sir
Good After Noon Sir and Blog Matesveerasamy
@ dharmu, yes. I typically use JNSAR and channel lines. If you can look at Ilango sirs chart, channel broke down at 2pm so for me roughly 6291-6300 is the range for reversal for today
@blogmates,Does the upmove from 5701 seem like a possible HnS formation from with neckline around 6200-6210?
Market heavily oversold in lower time frames but JNSAR broken. Should we wait for some recovery before shorting ? thanks
@RishiM,Where u found Heavily Oversold in which time frame???
I Think we are in 3rd now
@Alythanks i find very hard to label waves in EW sir could you pls guide how you give approach to it
Developing Day low EMA : 6256.
India Vix was rising since morning even when NS was moving up...As Master said- fake upmove! Was Vix hinting at that?
NS reached another .618% part booked
Ilango Sir - Likely Targets Pls Sir.
master,Intra 5waves done as 6358-6213 NS ?
@ Dharmu,SImply put, we completed a big B at 6415 and C started with its first, second completed by 6356ish today. If this scenario is correct...Manage accordingly...3rd of some degree in big C might have started.should go bare minimum to 6000 before it even sees 6340 again.Rest...markets are supreme, Follow, stochs with EWCheers
@ I meant,,,,1st, second of "some degree" completed by 6356 today. Too much detailing in EW doesn't help much
Thank u sir, u clearly changed the labelling of B wave in morning from 6345 to higher levels, that itself confirmed us that the C wave big is to come, and it exactly did, thanks and new year wishes to you
If some one had followed only JNSAR also, he would have clearly taken shorts at todays JNSAR, Thanks once again for various studies A) EW B) JNSAR C) TT
@SKS i sold at 6282(day jnsar).now nifty is 6220. what to do next please?
Dear GV,The moment has arrived today - JNSAR triggered to Short side at 6282. I hope you have kept a watch on it.
@ shriram,3 seem to be done.(almost)
Hourly RSI @ 26 generally some recovery takes place here even in downmoves ?
@ GVif you had traded more than one lot part book @ 50/100 pts profitBal wait for tomorroms JNSAR+20 pts as Stop & Reverse
@ GV Since todays JNSAR of 6283+20SL will not be hityou will have to follow only tom JNSAR
master Tks a lot :-)
thanks ya. ok.i will follow for 6287(tomorow jnsar) for stoploss.
respected shreeram sirwhen you hv time could you pls give levels for five internal wave from 6358 to6213NSi will try to understand how it is donethanks
@SKS Ilango sir alerted us at 6336.but day 5DHEMA is 6232.then why he alerted at 6336?
hai marina rao first time i got profit. still open....
@ILANGO SIR you alert us at 6336. but 5DEma is 6332.is it mistaken or any reason?
Master ,today you have not only saved us from ruin , but also helped us with the New Year Gift . What are the flags to identify for fake upmove ... i ) VIX vs Nifty Move ii ) Volume ... any other flag . Please enlighten .. otherwise master downmove from 6336 would have been surely Rest in Peace without your guidance
@ GV, Social Media Earthworm,6336 was 2 hour low from 11 AM to 1 PM. The answer lies in the Tech Table.Similarly : Master mentioned in pre-market view about importance of 6299 ( 2 hr low ) and Market rose from there this morning.Raghavendra