@ Num Char,I have answered you with the chart.
Day Low : 7551.65 Day High : 7646.25 Range : 95 Points Day Pivot : 7676 Hr. Pivot : 7598Currently well below Day Pivot @ 7676 and above Hr. Pivot @ 7598.NS below D JNSAR @7674.NS currently hovering around 7615.NS in SAH mode in Hr. T/F & in Day T/F.In Day T/F mode changes to BOD above D Lema @ 7618.Weak till below D Ema @7658.For aggressive trades cluster Support @ 7543-47.SAH = Sell And Hold.
what a bounce from nifty from 7551 to 7612. this could mean correction completes. Again chances of bounce back to 8000 levels
hello sir & friends
Still strong writing is seen in 8k CE and 63k PE, any clues from this??? Range is very scary to see :)
Sir ,Thanks , for pulling the chart so quickly , looks clear now as one of the probability . Infact I was not able to place ED at tail , thx for bringing it .
NS above D Lema @ 7618.In Day T/F mode changed to BOD.BOD to SAH if NS goes below 7618.Target for NS D Ema @ 7658 in this rise.30 Min. RSI in Oversold Zone.BOD = Buy On Dips.SAH = Sell And Hold.
@ Num Char,If 7550 holds, "d" of ED is done and a 3-wave "e" is unfolding.(We'll also keep the running correcion in contention by monitoring the retrace for the current rise from 7552)
200 Hr SMA (7559) seems to have saved Nifty.
or its a biscuit to the market
NS hovering around D Lema @ 7618.7618 saved for the time being.30 Min. RSI in Oversold Zone.In this rise NS target D Ema @ 7658.NS now hovering around 7635.
Thanks Sir!"e" last wave shouldn't be 5 waves ? or it can be 3 or 5 waves both ?
@ Illango Sir,If its turns out to be a running correction, does that mean we are Bullish on Nifty ?
GM Master & JN FamilySir, to EW eyes, fall from 7807 NS.. 3rd seems done today @ 7552 , 4th & 5th to follow ?
D Lema @ 7618 saved once again.5 Min. RSI reversing from OVer bought Zone.30 Min. RSI reversing from Over sold Zone.In this rise NS target is D Ema @ 7658.Below 7618 above view gets negated.
Dear sir,pls give the level in uppertrendline of ED to-which e wave can reach .
@ Numchar,From Ilango sir on triangle : Ending diagonal which is a Triangle would have 5 distinctive moves having 3 sub-waves each.
@ All, More here :==================================Ilango said... @ shriram,How do u generally identify correctives, Pure form or wid any other aid ?After 12345, abc comes. That is how we identify the "start"..Then when we see a 5 in "a", we identify a zigzag in "progress".when we see a 3 in "a", we identify a Flat in "progress"..when we see a huge 3rd in "12345", followed by a 3 in "a" for the 4th, we anticipate a triangle in "progress"..Then, when we see another 5 in "c" in zigzag with c=a or c=0.618x a, we identify the zigzag's "End".when we see another 3 in "c" in Flat , we identify the Flat's "End".when we see five sets of 3's in triangle , we identify the triangle's "End". January 2, 2014 at 12:25 PM =================================
Fight between 5 Min. Bears and 30 Min. Bulls going on.Winner will decide NS direction.
ED would be time to take money off the table. What signals can help us distinguish if it is indeed one?
Thanks you sir for taking time out to respond to yesterday question .. I have a follow up question to that, will post after market. For above count, w4 time wise looks much shorter than w2, or you see it as wave personality for ED? If running correction then new high coming as w5 w/o breaking 7550 or 7440Is this understanding correct?
whats happening in nifty. I am confused
@ Ragha:Agar ED dekhna hein, to Form wise.. 6639 se dekhna.. tat FORM 6639-7807 NS seems a better candidate for ED done
Day Low : 7551.65 Day High : 7646.25 Range : 95 Points Day Pivot : 7676 Hr. Pivot : 7622Currently well below Day Pivot @ 7676 and Hr. Pivot @ 7622.NS below D JNSAR @7674.NS currently hovering around 7620.NS in BOD mode in Hr. T/F & in Day T/F.Tgts for NS in this rise Hr. Ema @ 7649 & then D Ema @ 7670.Below 7618 above view gets negated.For aggressive trades cluster Support @ 7543-47.BOD = Buy On Dips.
Jyada Dimag nahi lagana hai...Rail Budget 200 points drop....aam budget 400 Points Drop ...Simple hai.....
D Lema @ 7618 saved once again.
Good morning Ilango Sir and all the Blog mates!
7588 is dlema-30 as well as 61.8% of rise from 7551 to 7650
@ shriram,I hope you'll understand the delay in my response.Yes, from 7809, 3 waves done at 7552.If 5th wave happens, then ED will get rejected and a larger 4th wave will be in contention.(Or sub-dividing 3rd wave)
@Master,Any View on INFY???
I should have sold day before yesterday, since I took 8100CE at 23. Now it is 14. what to do?
Pls View like Arjun Focus
D Lema - 10 @ 7608 saved twice.30 Min. Bulls weak but not down.
Tks for ur time sir !
@ Shriram,Could not get a clean ED view from 6639. Stick with Master's view itself.
DEAR ILANGO SIR TODAYS HIGH 7650 IS 38.2% NOT CROSS AND DOUN (4TH IS DONE ) BELLOW 7589 NOT HOLD ....? 5TH IS UNFOLDING..?
to simple eyes, treat as 1 possiblity only.. Trading Decisions better off when triggered by DATA rather than stand-alone FORMhttp://prntscr.com/40vj7y
New Post Done.
D Lema - 20 @ 7598 under attack.30 Min. Bulls getting weaker but not down.