shriram said...7132-7320 seems a ABC "b" to simple eyes , seeing it as 5 is difficult for me... as of NOW.. Lets wait for master's new labels by IIIrd updateMay 20, 2014 at 12:08 PM
B done? :-)
Day Low : 7247.70 Day High : 7319.30 Range : 71 Points Day Pivot : 7249 Hour Pivot : 7267NS well above HKN ( Hepta Kilo Number ). Currently hovering around @ 7270.Day Pivot's Resistance1 cluster @ 7305-23 stopping NS's further rise.NS continuing since last Hour in SOR mode. Staying above Hr. JNSAR @ 7266, Hr. Pivot @ 7267& Hr. Ema @ 7269 is indicating strength for the Hour.Above Hr Hema @ 7293 NS changes mode into BAH.SOR = Sell On RiseBAH = Buy And HoldHepta Kilo Number = 7000
No one tracking Mcdowell ? :(
For McDowell: Till yesterday Close HEMA LEMA CEMA M 2781 2464 2617 BD BPLW 2757 2652 2690 X SSD 2703 2632 2654 X SS
Tisco if is in a B wave have touch 80% of A from 485-428..
SirA stupid query :- the 21 HR SMA you post is different from the 21 HR Closing Average (with recent update) in TA File.- Certainly the one you post work as better / clear support. Since both use same closing numbers, Its logical to get same results (insanity :-)....or the SMA you post is with some look ahead period ? - I would just select the recent 21 closings and see the average in excel's bottom bar....however this excludes any trend/ forward period lookup.
@saurabhmcdowell may trade in some tight range for next few daysmay trgt abv 3060 probably in july2680-2710 is immed resistance and 2592 is support
Chetna - How about Tata Communications?
7400 CE OI has increased the highest intra.. level seems sealed for next few days
Significant CE writing after many days. Expect range bound moves till expiryhttp://www.niftytrader.in/nifty/nifty-live-change-in-oi/
@ anand,The 21 Hr sma being posted/ updated every hour is for the next hour "approx"..and it is reasonably a good critical number for "intraday trading"..(aggressive trader).34 Hr sma works well for a conservative trader...or as a reliable follow up signal for the aggressive trade.
An EOD close above "7264" would make the "RSI" 100; hence, the obsession to stay above 6264 today - observe the intraday chart..
@Shriram Sir,BHEL up 6% after high volume were traded in early morning session.http://www.niftytrader.in/nse-stocks-volume/
An EOD close above "7264" would make the "RSI" 100; hence, the obsession to stay above 7264 today - observe the intraday chart..
@ marina s rao,Must "MODI"fy how we read numbers......: )
Day Low : 7247.70 Day High : 7319.30 Range : 71 Points Day Pivot : 7249 Hour Pivot : 7271NS well above HKN ( Hepta Kilo Number ). Currently hovering around @ 7270.Day Pivot's Resistance1 cluster @ 7305-23 stopping NS's further rise.NS continuing since last 3 Hours in SOR mode. Staying above Hr. JNSAR @ 7269, Hr. Pivot & Hr. Ema @ 7271 is indicating strength for the Hour.Above Hr Hema @ 7288 NS changes mode into BAH.SOR = Sell On RiseBAH = Buy And HoldHepta Kilo Number = 7000
Respected Sir,NamaskarNo able to understand your last comment please do explain and oblige. As in 9 Day RSI in TA the blue line is in ground level . Pls explain.
Master, :)Not only entire India has 2 get "MODI"fy for better.
Typo : Not only trading numbers, entire India has 2 get "MODI"fy for better.
@ Ilango Sir - Considering the recent history, a reading of 100 again would be bullish isnt it?
@ vishnu,9 day rsi is based on the gains/ losses made in the last 9 days EOD.A close above 7264 would make it "gains for 9 consecutive days", thus making 9 day RSI to be 100.What it implies: there is sustained buying pressure and any corrections would not last long because of the "inherent demand" as evidenced by this sustained buying.
Thanks a Lot Dear Master for your timely explanation. Thanks .
dear sir below 7264-7254 weekness....?
Dear Ilango sir,NSE website shows the high as 7353.65. DHEMA would then modify to 7286.http://nseindia.com/live_market/dynaContent/live_watch/live_index_watch.htm
Dear sir,pls give ur view reg about the possibility of a leading diagonal from friday's low and subsequent ABC correction from today"s high,thank you.
Shriram: 3 White Soldiers in TATA Comm today? If so, what is the significance of that pattern?
@ Raghavendra,NF high is 7347.60 and the google spot chart shows "a traded price of "7319.80" at 10.08AM.
@ DR.SGM,If 7210 approx is held, such a view is possible.
--> backMuhammad Ali time for trading style improvement... market is ur opponentFloat like a Butterfly & Sting like a Bee, ur hands cant catch, wot ur eyes cant see :-)
@ Leon : Am not tracking so closely. Pls address Telecom Minister.
Sorry - It cannot be 3 white soldiers as the closing was never near the highs
New Post Done.