intra +WW is formed.. the 1-3-5 trigger. to activate now is 2 nos.,5min closes > 7440 NS
Day Low : 7422.25 Day High : 7504.00 Range : 82 Points Day Pivot : 7347 Hr. Pivot : 7455NS well above HKN ( Hepta Kilo Number ). Currently hovering around @ 7430.In Day Pivot's Resistance 1 cluster @ 7414-7435.NS opened the hour in SOR mode. Strength returns above Hr. Ema @ 7446.SOR = Sell On RisesBAH = Buy And HoldHepta Kilo Number = 7000
thumps up, shriram,,your WW came the closest of all the expectations...wow ,,,you do that very often...7422...hr jnsar
Master, does today's movement changes the BN counts (alternates comes into play?)
@ Chetna: Need a 1-3-5 long trigger, yet tho ....
comfy above 7449-50
then so be it, better for me to remain mechanical about patterns,the biggest mental trap of EXPERIENCE, is the tendency to get ahead of ourselves & start commanding the market to go a particular way ...
7300 PE June @ 74 seems a juicy prem to eat , for this +WW ? 2:20 close > 7440 triggers it
@ Okay,Since the fall from 16th May high was a 3-wave , there is still the possibility of a "Flat correction" continuing.EOD would have more clues.
i hope it does not give lashes too with whips
NSE MidCap, which was +200 points @ 11:45. Is -177 right now (377 points move)
If 7379 gone 61.8 then. ..
7379-7283 NS is the 34EMA,30m / DHiEMA zone... thats the 1st pt for pause (if NS wants to ) !
What a fall !!
hahaha... Dhajjiyaan udda dee !
seriously...isse kehtey hain "dhajjiyan udaana"
ohh my god..kuch ho gaya kyaa?? is modi not swearing in as PM???
Master,Irreg. "C" nearing end sir ?
New Day low @ 7295.30.SOR mode in display.NS from SOR mode to SAH mode.Below Hr. JNSAR @ 7421. Strength returns above 7421 only.SAH = Sell And Hold
Some news based selling
Sir Pre-Market 7331-41 is still valid for up move to continue.
Esiliye kahte hai hai ..faulad ka jigar chaiye ...trading karne ke liye ..?Honestly ..it made me sweat . :)
was that test of weak hearts in a bull market
who had bought TISCO?? bhai,,, I warned about it atleast..i hope not much loss
@ Best Nifty,That was based on the last rise of Friday; subsequently, we have updated the last rises to micro manage the trade today.It seems the "Flat correction" is continuing still as stated above.Strength returns above "7391-7419".
@shriram.... nawaj sharif has not been arressted here, i guess.....will they hang him for disrespecting MM singh?
dear sir idea stock a,b,c is done...?
Respected Sir,Current JNSAR Please
Ilango when time permits please explain this fall and the ferocity of it
56 inch ka seeeeena chahiye... dost....56 inch ka seeeeena....:):)Aaj soothing lotion or moisturizing cream bahut bikega.......Burnol bhie.....;):)
@Ilango Sir,Any alternate counts to explain this fall? To me, this now seems like a 'black swan' event, which cannot be explained using EW.
Did DLEMA - 20 pts and reversed... What next??
@ Chetna : dont know bout that item & frankly dont care ;-) 7277 is the St. 5DEMA ... looks to be bouncing from there ?
Will it DHEMA + 20 pts. next??
New Day low @ 7269.05.SAH mode in display.Strength returns above Day Pivot @ 7347 & Hr. JNSAR @ 7421 only.SAH = Sell And Hold
@Sonu ..Kaala chidiya nahi hai yaaar......This is normal basket selling...somebody has taken a few hundred crores off the table.....:):)
@ bb,As & when prices did not hold a critical lows of "last rise retrace", bigger retrace came into play and once it retraced below 7330, it amounted to a larger flat correction coming into play:7564 to 7131=a7131-7504=b7504 to 7xxx = c unfolding - hence such a ferocity.
chetna ji - don't say OMG now itself, "picture abhi bakki hai" looks like
74 PEs have liquidated but .. 73PCR still >1 , Bullish @ that strike, just yet ?
Sir Tomorrows JNSAR for BN
@sujatha,,,agreed...was not well prepared for it and took the money off table late...god saved
Looks like Dev.WkhiEMA / St.DEMA combi @ 7277-80 NS has acted as support ....
black swan ??? No way, black swan = LC several times..
Thanks for the update Ilango and that 7XXX is scary as it can go down below 7269 by expiry.
@ Sujatha - More downside expected!? :-o
chetna jee inw view about idea
Dont panic its a great time to re-enter as JNSAR in long go ahead take longs
I m stuck with nifty long... :-(
NS above Day Pivot @ 7347.
chetna ji - god saved..that's good words..feeling gratitude is good..:) "Sornakarsha bairavar"on the way to "bears" in coming days too??? looks like sell on rise???
@Everyone please rollover your longs only 20 points premium next contract .........thanks
@rj = rakesh jhunjhunjhun......u r on dot.......:):):)
@rj....again...u r on dot....:):) Great going..:):)
@sbsb thanks nooooo rakesh ,now i am sweating...haha
3.00PM TT & Chart updated.
@ rj: tats worth noting down,. but June options OI is not really bullish, r u seein that in unison ?
again 7450 nf on cards ............
@sujatha ji,,, pls dont add suffix "ji" to my name....i request you on that please....sell on rise if it rises....am looking for the same option..but weekly and monthly scales might save it ...few other world leaders markets not showing good signs too
Century from Day low completed.
i am expecting weakness but nothing like dumping in markets....will be a buyer soon.....may be little later too
confused as always
@shriram.....i am a pure JNSAR trader my eyes are not in a habit of see lot of other things.... no dis respect to any other or your study
@ rj: ur pt was on Roll-overs based on NF prems.. JNSAR was not a part of the obsv, i assume ... June contracts 74 CEs @ 17.4 Lacs are > 74PEs @ 7.5 Lacs (As of Now) ... thats a sign of ST RES ?
@master - does today low will have same importance as its swearing ceremony like low of 16th as you said earlier low of 16 should not break now & it didnt love to hear again something like that now...thanks.......wating for master's 3rd tgt
Day Low : 7269.05 Day High : 7504.00 Range : 235 Points Day Pivot : 7347 Hr. Pivot : 7356NS well above HKN ( Hepta Kilo Number ). Currently hovering around @ 7360.NS above Day Pivot @ 7347.NS continuing in SAH mode. Strength returns above Hr. LEma @ 7379.SOR = Sell On RisesSAH = Sell And HoldHepta Kilo Number = 7000
Weak handsWeak handsGo away...We have huge rally aheadbecause "Dar ke aage jeet hai"aur "Ban raha hai Modi Sarkaar"
@shriram.....i am very bad at what you are master of in a laymen knowledge the thing i know that JNSAR in long & on 16th june premium was 45-50 points & today i was able to rollover exact 19 points difference..thanks
@ Rj: pl dont be sorry , the mis-comm. is entirely mine !Mis-interpreted ur obsv. as a OI obsv (seems u were talkin from the view of purely managing ur Futures Longs)
event days are being sold like this 16th may ,,,26th may...any significance??
chetna - :) :)bharath - mm.. yes..feeling -ve ness only, .would like to see some "gap down aye namah!!!" for a change :D :)
@ rj ,Keeping below 6376-6401(approx), corrections would continue.Today's low is closer to tomorrow's JNSAR.I would consider "6193-7207" as critical support zones. If correction could end above it, bullish upmove will follow.If not, the correction can get more time & price consuming..
Take away of the day....@ rj said... i am a pure JNSAR trader my eyes are not in a habit of see lot of other things.....Sahi hai dost....I am sure u made Ilangojis day.....All the best....:):)
Read as "7193-7207"
@Everyone in so much awesome volatility still nifty didn't touch even today's JNSAR.....jai ho thanks Master
Thanks Master......& sbsb
Monday was like this, How volatile next Friday going to be...