Day Low : 6862.90 Day High : 7000.25 Day Pivot : 6794 Hour Pivot : 6985NS touches HKN ( Hepta Kilo Number ) @ 7000. Day Pivot's R1 cluster @ 6921-6936 2 support NS in a late fall if any.NS in BAH mode till above HHema @ 6965.For learners sake :BAH = Buy And Hold BOD = Buy On DipsHKN = Hepta Kilo Number
@masteri could not understand you last post...can u explain it in little detail when time permit...
CMP is trading > 2 Std Devs. beyond Bell curve mean now... wow, all i can say is wow :-)
For weakness, monitor the last rise from 6962 - only for intraday:6993 6987 ... is 38%-50% retrace of the last rise from …… 6962 to 7012 80% is - 6972 If strength to return again, it should be around 6993 6987 Weakness gets confirmed Below 6987 OR 6972
ns may have formed pt5 near 7012 but BN is laggingmodified trgt is 6960 in nifty chartswill have to move up abv 14170 to form pt5that may pull nifty too along with it
Chetna, I m looking at rcom like 3 minor waves are done. 113 to 119 as 1119 to 116.80 as 2116.80 to 125 as 3 125 to xxxx as 4th running.So, trailing sl can be 119 for longsThere are few more scenarios, and each looks better
@anmpatel, I also read them as corrections first due to a-b-c but Those are 3 possible targets for the 3rd that started from 6639 on Friday – but including the dips / corrections on the way as well.Its 100% of 1st, 161.8% of 1st , 261.8% of 1st.1st covered 886 points as per Master's labels.
@ Sir , If NS breaks 6960 , then can we call an end of this upmove ? Please answer , as it looks a 5 up on 5 min chart from 6960
tonite many exit polls will be getting declaredthat may have big effect on markets for tomorrowwill tomorrow be a big gapup or gap down day????
@Prabhanshu,, thank you.......today's move seems like a subwave to me,,,,somemkind of iii with in some intermediate wave for bigger move..keeping in mind the 3rd wave commencement...on a larger time frame of weekly.. I t is not showing the power of 3rd yet.....it needs to cross 130-35 zone very very quickly,,i might have to change prefferred counts to corrective, if it does not..holding
life supp at 14060 now in BN(supp of T/L of -WW joining pts 2 and 4).........soon may burst be4 eod probably towards 14170+
a small contracting triangle too developing in bn charts of 216 pts.breakout abv 14100 may trgt 14315 near levels till tomorrow first few min only
@ S4S: on the MT, BNs tgt is 16000
@prabhanshu, It can be into its 2nd minor of a 3rd intermediate...if bullish counts survivehttp://prntscr.com/3ihfce
Yes seems so. But in any ew scenario, 119 is end of minor 1 and van be taken as trailing slWat you say?
@master, is short term top made today. Is it safe to carry longs tonight.
NS latest Day High @ 7017.25
a small bullish WWmay form pt5 abv 7023 near 3.15may close near 6990 -7000
0ooooooooooops itsb bearish WW
master,Consecutive white tubelights... 3white soilders kinda setup for tomo, under way ?? :-)
will take 120 as tsl....it has taken support t 121 4-5 times today..that becomes very important and 120ish is golden ratio of the last rise and may be the completion of C wave of a flat which has already made a higher high than previous rally,,will be followed by a nivce iii of int 3 of major 1 targetting 130 odd levels
last hour nifty future hrly graph showing volume of 2,78,62,100.....what's this...first time seeing this much volume......
and in 1 min that is between 7028 and 7032....and nifty trading above this...anybody?? what's the meaning of this?
120 is currently the 13 period ema on 30 mkinutes charts too
Thanks Chetna. But have you noticed, future to spot premium reduced from 75 paise to 20 paise now :-(
And now in discount :-( :-(
After a correction – as identified by Master with a sideways C- done at 6968- the next 5 wave up is still unfolding and NS average closing above/ near R2 and bullish above 7K, case for holding the longs and wait for ST Top tomorrow ?