Sir is Monthly trend still up?
@ Nakhtra,Month trend is UP with momentum.Week trend is UP without momentumDay trend is DOWN without momentumHour trend is DOWN with momentum
Dear Sir, is the correction assuming 5 wave converging triangle with likely breakout on the upside? Kindly guide
@Consolidations corrections sideways markets are like mid semester tests.....:):) ...If u clear them....u r one more step closer to graduating.....:):)It will test ur Drawdown Limits, ur Staying Power, ur Fear Index, ur Anxiety Disorder, ur Panic Disorder, ur Patience...and so many other things......Faith and Patience is the key here...I think Raghavendra has summed up the Nifty status nicely.....It is 0 : 0 for both bulls and bears ...Now for the penalty kicks...:):)...Next week is budget week...there will be lot of hits, misses, saves, self goals....:):).....Shraddha Saburi....:):)
@STBSTB ji, I appreciate if you can post your views in Technical terms.
RaghavendraUr tt read succint and apt.Just am obsLatest signal from tt weak cliked SORAlso The previous sihnificant 56639 to 7654 was retraced just short of 38 percent.7564- 6639=9257564-7216=348 which is 37 odd percent of 925 !But yesterday market closed just more than 38 percent of last significant 5 day tf7700-7216 =4847700- 7511=189 which is 39 odd percentAlso 7700- 7487 the low of the week is 40 odd percentIn all subtle sign that there is selling pressure in st. Significantly its the first more than 38 close in the entire rally barring the first at 6000 levelsBears have the edge st
Great information and i hope this will be continue them. Free Ncdex Tips
Namaste Ilango Sir & Blogmates, Neutral to Bearish: Nifty correction is still lingering on with the Bulls holding the psychological level of 7500, and 7600 level now looks like super resistance, may see some range bound days till expiry..: Option Analysis for 20-06-2014Dedicated Option Open Interest BlogDuplicated at Wordpress SiteThanks & Regards,Sanjay Kr Jaiswal
@deepak pinto your calculation of fibo is quite good 62 % retracement is 7400 and 80% is 7300 so guess how far this C wave can go i wll say 7414 region 3 reasons 3rd wave should not be smallesttrend line passing @7414we are in bull market this is clear and this is just correction so below 7300 all hell will break lose!!