Good morning Master and friends...Master last week we closed below wk5dema and has generated a sell on the rise....is it still active ??? Pls guide
Good Mng Sir and Friends.
@ sudharsan,As stated in the Pre-Market View:A cluster of resistances are seen in the chart below from 7755 to 7810.If prices are unable to break through this and break down below 21 & 34 Hr Smas(at that time), the weekly trend could assertion will work.
Thank you Master
A 5 down looks done in BN.
Good morning seniors and master,Vk soni sir what's is ur view on nifty today like yesterday
Kizar khan,I am very much juniour here.Surrendred to ilango sir well thought out study here with little bit of my affort to change my mindset.Pls follow pre market view.Like to remember sir's trade table lavel 7695 holding above upmove continue.
Kizar khanMy effort which i postef earlierGood evening ilango sir and blogmates...A non technical obeservationTrying to take clue from open intrest range. july month expiry starting with max oi range of 7000-8000 a 1000 point range.august month start with 7300-8000 a 700 point range.now i am taking 60% (approx golden ratio) of both ranges ie for july it is 600 and for august it is 420.July month max oi 8000-600=7400(low made 7422)then a 400 point rally (7841)7800 is 80% from oi lower range August month max oi 7300+420=7720(high made 7717) Downside tgt 80% from upper range 8000-560=7440....???On the other hand 60% from current oi higher range 8000-420=7580 is to be watch as supportConclusion---Taking 7580 approx as pivot downside below 7580 is 7440(flat c in ilango sir chart)Holding 7580 approx 80% of oi range ie 560 point from lower range 7300+560=7860(brodening top upper boundary)
Prices have held J10SAR-7716 but struggling around JNSAR-7726.Intraday traders would take note of this...
Dear Ilango Sir & Blogmates,OI Table Update at 11:00AM, Pivot-7739, S1-7689, R1-7823, VWAP-7744Though the Index is in Red, but Option Table looks good with support gathering strength at 7700 Level, Holding above 7723NF is positive...Thanks & Regards
Vksoni , thank you so much. I thanks to Illango sir your making student as rider in market.Arif8861828888
11.00AM TT & Chart Updated..
Dear Sir,Does the hour or day have to be OB for weekly trend to assert or is it not important?Thanks
@ Raman Kapoor,When a higher T/F trend (week) asserts itself, one need to be alert at (one T/F lower (Day)) the "high range developed in the last 5 days. Such range of last 5 days is "7792 to 7594".Prices have come closer to the highs at 7752 but yet to show any weakness in yet another lower T/F two or three Hour lows at 7716.
New Post Done.