@ Sonu,80% doesn't work in 2nd waves.Hence, 6092 should be treated accordingly.2nd waves could retrace even 99% and reverse.
Views on TCS
Day Low : 7082.55 Day High : 7152.55 Range : 70 Points Day Pivot : 7111 Hour Pivot : 7103NS above HKN ( Hepta Kilo Number ). Currently hovering around @ 7100. Weakness continues till below Hr. EMA @ 7106.NS started the hour in SOR mode.Below Hr. LEMA @ 7092 NS enters SAH mode.For learners sake :SAH = Sell And Hold SOR = Sell On RiseBAH = Buy And HoldHKN = Hepta Kilo Number = 7000
Information :Zerodha has withdrawn Cover and Bracket orders for tomorrow =. NO intraday product at the open. May offer later in day.Other brokerages may follow to discourage Highly Leveraged Margin Products for intraday.and worse if Margin requirements increase.Wish all of you safety and gains....(And God Bless me too...)
If you are content and consistent with 100 points that's wonderful. You need 8.3 points of nifty per month to get 10 percent return on Rs 50000 i.e fixed deposit return. Hundred points is way too much and exceptional return if consistent.What if i ask you to reduce it to 50 points in month. Your consistence will improve and stress level will go down. And still you will get a decent return. With multiple lots and margin you can achieve your monthly money target.But often we come across people saying I can easily get 20 points per day intraday, that is 20*20 = 400 points per month. How many can consistently do that?
@sudharsan,TCS is on 34dema good risk reward ratio for buy. cmp 2180
@Master,is this wave doing time correction?
tisco ---flat correction....
Thank you Nilesh
Thanks Master,Does it look like 3-wave done from 7131 to 7091?
yes. AJ, i gave practical & true nos. have never been able to scale > 150 pts a month ... in any 1 month wid this strat tho.. thats 1 downside of writing optionsPlateau sort of has been achvd. Will be forced to trade Futurz for more pts, which am not comfy doing right now :-x
@Master,Your view pully or gully? :-) Is it same scenario like 2009? or results were declared on Saturday in 2009 ?Thank You!
ShriramThird wave done for NS ?PL adviseRavi
@ Ravi,Third from where pls?
Only Problem is TCS is below JNSAR now
7131 to 7091Am I wrong?Ravi
@AJ...ur feet are firmly on the ground...and ur fundas seem very clear....Just curiosity,...but my experience has been that most who have made it.....have paid tuition fees to the market in the past.....does that apply to u also...????@Dear Shriram...Congratulations to u tooo....U r the challenge Winner of JN.....:):)I think we should have such challenge contests here also....Would motivate folks...:):)
@ SB: nothing bout being winner, want financial freedom .. want to be a free man , lots to do in life, than just sitting cooped in an office for a life-time :-)
dear sir now holding 7090 can 2nd is done..?
@SBSBYes of-course paying "tuition fee" is basic requirement to gain knowledge it seems :D. I started around mid 2007. Got trapped in January 2008 fall. Loss was due to averaging a leverage trade in stock future!!
means need to cross 7153 today.?
@Tathastuuu....and It will happen....:):)...Just persevere....:):)...Wish u the very best...“Take up one idea. Make that one idea your life; dream of it; think of it; live on that idea. Let the brain, the body, muscles, nerves, every part of your body be full of that idea, and just leave every other idea alone. This is the way to success, and this is the way great spiritual giants are produced.” Swami Vivekananda ....Posted by Prakash Reddy a few days back..:):)
ShriramI wish U where U want 2 Reach.Good Luck.I read somewhere:We are all in the Gutter.Only Some of us are looking at the STARS.Ravi
80% people all around.....gen public to tv experts talking about 7500,7800....will market surprise all????God please save my JNSAR position.....thanks in advance...
@AJ....Perfect....:):)...Its nice to see good people succeed.....Thks for sharing ur experience and also the link from Zerodha....All the best...:):)
niftyji...esse to a66a hai ek bar 7050-7070 aai jate..corrective wave to khatam ho jaate...haa...haa...ha...ha..ha....
sir, correction done now??? a flat one
Master,Durga mentioned a CT possibility developing down from 7172 NS..in the morning.. Do u see it that way too , to EW eyes ?
C&H on 30 min charts TChem , Looks good with sl 295 -
Retraced 99% & reversing...!!!
hahah.. tubelights again !
7085 - almsot 99% !!
Voww.. 99% and reversed :D
@masterafter almost 3day now nifty trading above HHEMA...is it early indication of awaited 3rd in hrly?or need to past 80% 7155?thanks..
dicey, if does nt cross 7130-35
7117 is res of T/L joining intraday highssust abv 7117 may see 7142abv 7142 will trgt 71627142 is res of 3 days highs at 7172 and 7152
@chetnayes...todays high to low 80% is 7139...
7135 se waapis....
chetna Ji: Any views on RCOM
7104 stoploss for longs intra initiated
Day Low : 7082.55 Day High : 7152.55 Range : 70 Points Day Pivot : 7111 Hour Pivot : 7094NS above HKN ( Hepta Kilo Number ). Currently hovering around @ 7121. Weakness till below Hr. EMA @ 7100.NS started the hour in SAH mode.Above Hr. HEma @ 7119 NS enters BAH mode.For learners sake :SAH = Sell And Hold SOR = Sell On RiseBAH = Buy And HoldHKN = Hepta Kilo Number = 7000
@leon-- It is giving me the idea that if it breaks 121..should be shorted and otherwise it should take support, not give a close below 123 and shoot up 129-30 was a nice resistance and it has played its part...we wont get to make a move unless we have old positions..it is a risky day tomorrow esp for high betas like RCOM...I hold longs and currently not comfortable but will continue with my positions
rcom is probably the only stock with shorts in the system
SIR, a quick one---do you see the cash positions being hedged by shorts in futures in nifty?
@ anmpatel ,We have been able to follow this (3)rd wave and its (i) and (ii) so far fairly well.Nothing has changed to think "otherwise".Since "results" will be out during market hours, surprises, if any, could be handled.Until then, let us ride this (iii)rd that seems to have started from 7082.
@masterthank you very much...lastlly as per two days back premarket view..u told jnsar will rise to 6931..but its lagging...should we use J10SAR for tom..thanks. in advance.
Thank you very much ma'am. I am seeing an abc correction today in RCOM and taking support at 5DEMA and closing above it. I am long. I hope I am correct.
@ Leon,,, your are welcome, sir !!! i hope we are correct and Rcom, as shriram says, agrees with us
General Elections to Lok Sabha and State Legislative Assemblies of Andhra Pradesh, Arunachal Pradesh, Odisha and SikkimTrends and result will be available from 8:00 AM onwards on 16th May, 2014Volatility will have it's thandav tomorrowChildren, pregnant ladies and Weak heart do not even watch market