NS to close above 6020
Day pivot @ 6024
Sir what can be good entry point for fresh shorts. Can we say 6016 - 6035. 50% to 61.8% of 6097 - 5934
respected sir, todays gap is an exhaustaion gap??? created and filled quickly and was the 3rd too???do yuo see it like this?
@ Iris,A first 80% (5988) has been surpassed.Hour trend with +ve div has asserted and Day would turn up if prices close above 6020.(DLEma)Look for next larger retrace from 6097 to 5933 and Hour TA should be OB when prices reach that fibo point and close below HHEma for conf.
In the hourly data, nifty has been making higher lows since morning and higher highs since noon.
Who Bought at lower level??Only FII and our blog
Hourly JNSAR also triggered
Yes ..Prithvi Raulji..
yes Prithvi bhai u r right
Please please give close above 6020Please god
Master.... Is there a pending 5th wave down after completing the 4th at approx. 6020-6034 levels ?
Master,This is no longer a ABC... more like a big A
Closure above 6020 will give good hope for bulls tomorrow. But I feel closure above 6000 is also a good start. Not expecting too much from bulls in a single day.
a fiver probably done at highs of 6018,,, 5th was was extended in between or 3rd/C extended, completed...lets see..how much and which way does the retracement comes. Your views, Please Sir!!
@ shriram,Holding 5940, complex corrective exceeded 5988 and has become either a "Reversal attempt(green-2" or a larger retrace of "either a sub-wave of the fall started from 6170" or " larger retrace for the entire fall from 6356".We'll take one step at a time. And we'll await the EOD close for more strength.
Master ,Thanks. Am estimating so based on a combo of the Wave form from 5934 up & the stability of the PE OIs .. despite the huge opening gap down.. 59/ 6k strike PE OI did not liquidate.. some one is betting on holding the level for the next few sessions...
3.00PM TT & Chart Updated.
Gd afternoon master n allBlogmates.
5987 5980 ... is 50%-61.8% retrace of the last rise from …… 5956 to 6018 80% is - 5968 If strength to return again, it should be around 5987 5980 Weakness gets confirmed Below 5980 OR 5968
@ Illango SirCan we take home the long taken @ 5977 NSSriram
To defend/ attack "5971", today's price action shows bull's 1st successful attempt."5971" holding is crucial for ST...(this week)
@PRPrithvi Raulji said... Who Bought at lower level?? Only FII and our blogFII maybe yes..Blog goes long when JNSAR goes long...:):)
@PR: Ditto SBSB: We are still in sell on rises. Jnsar long level is 6151.
sir,6170-6027 -3.16.97-5933- 3.33.4 going on how did u rule out this possiblity
5wave count to simple eyes from 5934i 5934 5971 37 ii 5971 5940 -31 -83.8%iii 5940 6018 78 210.8%iv 6018 5995 -23 -29.5% ** in play / done ?v 5995 6027 32 (38.2% of 1-3 distance from 4)v=i gives = 6032
@Master: Yippieeee..... :) :) Your pre-mkt advise is like whisky on the Rocks. !!!
SirLooks like a bullish meeting line is being played outClose of opposite colour at around6000Against trend though
@prabhat:: did u come out of ur risky long trade that you discussed in morning or still waiting for this bounce to reach some distance?
@Karthik: Since I am a stubburn student, I went long in morning & later there is 1 more golden peice of advise that Master gives "Always keep part booking your profits." Since mine was against the jnsar trade, I decided not to take delivery & cover all positions. But I have a feeling that nifty might attempt 6050 tomorrow or day-after unless Uncle Dow spoils party. I have a couple longs still left which I bought last week.
Thanks Prabhat. I am a greedy little being and expect similar levels of 6050/6060 from where the whole slam started during last 2 days. I have good respect for master, other senior blog mates and wonder the disciplined approach without being greedy/fearful.. I will have to go a long way to be one of his obedient followers.. have a great evening hopefully not filled with dow nightmares!