@ sanjeev,There is a retracement is on for the last rise from "7493" in Nifty; Intraday players, if experienced could take the trade. It applies to BN too.Confirmation of a reversal comes from EOD prices only.Oversold technicals have produced a rally; sustaining the critical retracement levels is crucial for its continuation; such tussles provide for trading opportunities for intraday.
Hi-prob Bull Flag forming intra , holding 7540-50 NS, can do 7600-7650 NS
Sir' is there the makin of a HNS position on Nifty ???? shoulders @ 7590 future for trgt 7460
we short for this level 7560 ?
"A" abc done?
Nifty PCR sharply up since yesterday but still below 1.http://www.niftytrader.in/nifty-intra-pcr/7500 becomes the strongest resistance for now. but 7600 Calls holding too.Rest as Master said, likely to remain in trading range.
me thinks a SUDDEN Selling like;y shortly
A long consolidation since 9.45 AM
@ mridul dekaSudden Rise possible?
GA sir nd friends :)Julius - hi... sudden flat possible??? !!! hope nobody heard this "ever before" lol hehe :D
Dear Sir, Do you see a flat correction unfolding from 7580?7580 to 7553 looks like 3 waves, 7553 till 7574 also looks like 3 waves.Thanks
@ Sujatha Yes... That was Suddenly Sujatha !!!!!!!!!
1.00PM TT & Chart updated.Correcting time suggests of "correcting for 7442 to 7580 rise".Holding "7558" would mean a shallow correction-more bullish. If not, deeper correction.
@ Raman Kapoor ,A flat correction could take it to 7547, approx.
Dear Sir,Are there any fibo relations in terms of time taken by corrective and motive waves?Thanks
@Sujatha,Fancy position closed & reversed with July contract.Boss - Adding:::Watching 5min bar to sustain 1hr High 7568+++ or more retrace flat/ellipse/anything after 7553---.Till TSL & Zzzzzzzzzzzzzzzzzzzzzzzzzzzzz
@ Raman Kapoor ,Know this:Market is a highly "imperfect place" and it can make any kind of forms.Head & shoulder fails often as it belongs to a generation of the past.Leading diagonals used to be rare earlier but now, they frequent.Understand this flow of change happening in a subtle way using few studies of your choice to follow the market...
Now, monitor the retrace for the "last rise from 7565 to manage the Intraday trades".
--> backMaster,The 0-b line is ruffly comin @ 7620-25 NS, major thrust above that to EW eyes sir ?
BNS has formed a i-HnS on Hr.. Tgt is 15,800
@ shriram,Above 7600, bull flag break-out as per the first chart.Next channel res. @ 7630-45 as per the second chart.EW has two possibilities - labelled in 2nd chart.Moving past the next resistance line in 2nd chart will change it.ST reversal is adding strength slowly; next step is EOD.
@ ShriramTime frame for BNS i-Hns Pls
Master , Tks !@ Squander : Hr TA
can check herehttp://prntscr.com/3vxsc0
julius - araicha mave-dhan araikudhu..."50 dhilum asai varum" ada sivaji pattu illappa - ()nifty future pattu )7650 meladhan attam...illati...mavu pulikum
New Post Done.