Intraday strength above 7566, 61.8% retrace & (i) wave from 7620.
Day Low : 7479.40 Day High : 7626.85 Range :147 Points Day Pivot : 7596 Hr. Pivot : 7535Currently below Day Pivot @ 7596 and above Hr. Pivot @ 7535.NS well below D JNSAR @7683.NS currently hovering around 7560.NS in BOD mode in Hr. T/F & SAH in Day T/F.Below 7540 above mode gets negated in Hr. T/F.BOD = Buy On Dips
7535 7525 ... is 50%-61.8% retrace of the last rise from …… 7494 to 7576 80% is - 7510 If strength to return again, it should be around 7535 7525 Weakness gets confirmed Below 7525 OR 7510
hello sir & friendsa very very volatile afternoon
a small bearish WW developing in BN chartsmay do pt5 near 14840-870 range near 1.00pmtrgts 14700 near 1.30cmp 14770
Cautious buyers and panic sellers. The volumes are not impressive for the volatility:http://www.niftytrader.in/nse-stocks-volume/If the budget brings some good news for investor, possibility of a bounce
BN may have done pt5 near 14855cmptime 1.00pmtrgts 14680-70 near 1.30 jf breaks below it then 14600 soon
hourly stoch triggers at 1pm
Prices rallied from the retrace point of7535 7525 ... is 50%-61.8% retrace of the last rise from …… 7494 to 7576
Prices, on moving past 7566, the (i)st wave of the fall from 7620, confirmed a larger reversal;It, then, retraced to 50%-61.8% retrace of the last rise from …… 7494 to 7576 at 7535-25(7532.70) and moving higher.
7649 is 55ema in 30min NS charts15121 is 55ema in 30min BN charts...may give res to upmove
as such if initiated longs what shud be d course of action sir?
Now, focus on this retrace for 30 mins..7615 7603 ... is 38%-50% retrace of the last rise from …… 7549 to 7656 80% is - 7570 If strength to return again, it should be around 7615 7603 Weakness gets confirmed Below 7603 OR 7570
@ rashmi ,Prices are in a trading mode. And the spread is high.Hence, if able to identify a retrace point and enter into a trade, book profits periodically..
Retracements are swift and reversals too are immediate.7809 to 7479 retracement is on.5DEma & 34 Hr smas are the immediate targets. 5DEma is done; 7683, 34 Hr sma remains, also the 61.8% retrace..
From 7479, 1,2, (1), (2),(3) are unfolding...!!
Now, the retracement should be for the last rise (3) from 7532.70 to 7682.2(approx)7625 7608 ... is 38%-50% retrace of the last rise from …… 7533 to 7682 80% is - 7563 If strength to return again, it should be around 7625 7608 Weakness gets confirmed Below 7608 OR 7563
Day Low : 7479.40 Day High : 7682.20 Range :203 Points Day Pivot : 7596 Hr. Pivot : 7546Currently above Day Pivot @ 7596 and above Hr. Pivot @ 7546.NS below D JNSAR @7683.NS currently hovering around 7650.NS in BAH mode in Hr. T/F & BOD in Day T/F.Below 7606 above mode gets negated in Hr. T/F.BOD = Buy On DipsBAH = Buy And Hold
Fall from 7650 is retraced in less time. Bullish
PCR has also risen with this rise: Bullishhttp://www.niftytrader.in/nifty-intra-pcr/
OI table becoming bullish. Only hurdle 7600CE still holding.http://www.niftytrader.in/nifty-live-change-in-oi/
@Ilango Sir,Other than JNSAR, what other indicators we can use at this stage to manage position?
@ Sonu,Since the price pattern unfolding is of "bullish nature", trail it using "Last rise retrace"; presently, it is from 7533, quite steep.Ilango said...From 7479, 1,2, (1), (2),(3) are unfolding...!!July 10, 2014 at 1:20 PM
@ Sonu ,We must act when we see our "critical number chosen" on the screen surpassing.If we are compelled to change it too often, it is best to stay on the sidelines.EW's key retrace surpassing gives us confirmation of reversals.Following such signals is sufficient.
Thanks Master,Volume table also looking bullish. All sellers have now turned buyers suddenly.http://www.niftytrader.in/nse-stocks-volume/
--> backYup, so the bounce has come, but forget a ABC, this looks a new 5 :-)
Finally some rain this part of India
But what happened to those additions in CE during the fall, aren't they panicked? lets c what happens at the last hour ...
@Ilango Sir,What are the next resistance levels to monitor? Is 80% of complete fall still an important level to monitor?
@Guru Sir,The 7600CE still holding on. Any clues why?http://www.niftytrader.in/nifty-live-change-in-oi/
Day Low : 7479.40 Day High : 7724.05 Range :245 PointsNS in BAH mode in Hr. T/F & in Day T/F.Below 7691 above mode gets negated in Day T/F.NS above Day JNSAR @ 7683Stop loss for this long JNSAR @ 7653.
@ Sonu ,I think, "Shriram" has answered it quite well - No abc now, only 5.Nevertheless, keep the trailing number handy to manage positions.The 350 points fall from 7809 has been utilised to pick up deliveries....It should be confirmed with FII data at EOD.
Good after noon master n blig mates@sonu - what it means 7600 still holding. Pls explain , thank yu
7680, wk.pivot & 7688, 34 hr sma must hold for this rise to continue...
New Post Done.
@durga,7600CE has seen net addition of 620k for today:http://www.niftytrader.in/nifty-live-change-in-oi/With this rise the Calls OI should have decreased, ideally speaking. But this fact alone is not enough to rule-out any bullishness.