Sir, from 7340 till day low - 5 wave done? Now can we look out for this retrace?
shriram said... Any views on this tukka trade plan ? Place Buy for 7300PE May @ 5rs... CMP is 15, can hope for order fill & then hope for post 2:30 cracks ? .. or is it a bad R:R ?? May 29, 2014 at 1:55 PM Shriram -- I think some guys did this in morning itself... low for the day is 5..:)
@STBSTB - Yup anything is possible :):)
Guru : to ab, aage kya hona hein ? :-)
No upward move in the index ... it is just meandering.
@Shriram jiThere is an addition of more than 13 lacs in 6800 Put of next month. What do you infer from it?Thanks
@ Raman: Prima facie.. such adds @ beginning of new series, is to be seen as writing only.. support
7250-7300 ke beech me expiry :P writers kush hum b kush :P
@ Shriram jiThanks. Its interesting the support has shifted from 7000 PE to 6800 PE in terms of highest OI.
Ysday's HnS seems unfolding to tgts T1: 7250 / T2: 7200 , EW tgts : 7199 , 7105
here comes the 5th...from 7505 or an extended 3rd or 3rd..we will know soon..but low is there below 7269
@SBSB, i was away fr short period-i have no evidence but lots of exp ,reg ths. soon yu too will hve..shall we hope ? no?
iam glad some one tested my suggestion in HINDALCO..see the graph..
patience for few hours and rewards
7199 is min.. chetna... saanse aur thodi der pakde raho !
@shriram..7200-10 seems like a small support?
yup.. good pt.. Mn wave channel @ 7210-20 NS
Jay ho JNSAR ki
spotted a WW yesterday and worked perfect todayA SMALL BEARISH WW may develop in BN till tomorrowmay do pt4 near 15100 todaypt5 may form near 15200 tomorrow and as per symmetry of pattern can be near 11.15trgts 15030 be4 eodseems expiry will be dull and tight rangeMay 28, 2014 at 2:19 PM but since pattern deviated a bit from expected pattern i got bullish for 15270-300 todaykaash i would have stuck to my fist plan
Master,Any closing comments EW wise on this formation ? Tks
another small contracting triangle developing with busted pt5 forming near 15000-14970trgts 15400 till tomorrow eod or max monday morning session
Big fall in BN ...
NF June's freak low 7241 and CMP not much difference...
@ shriram,The chart is simple & precise. Add to it, the weakness being pronounced in week T/F with a likely close below 7280, WHEma tomorrow.We'll watch the last fall retrace from 7295 to 72xx presently.Now, the filter seems to be 30 - DLEma less 30 = 7224.
Tks sir . Have a nice day all !
@S4S which time span 2/3/5/ min ?? observed
Respected Ilango Sir,How to derive 7224 ? ( the filter seems to be 30 - DLEma less 30 = 7224) Sir DLEMA is 7265.