dear ilango sir 7923-7872 is 3wave 7891 is 38.2% ( 18.104.22.168.5 ) below 7891...?
Sir your view on Bajaj auto pls.
@ Kumar,Bajaj Auto seem to be retracing its last fall from 2365 to 2042, a 5 wave fall. Hence,2204 2242 ... is 50%-61.8% retrace of the last fall from …… 2365 to 2042 80% is - 2300 If weakness is to return, it should be around 2204 2242 Strength gets confirmed above 2242 OR 2300
@ FNO HOUSE,Prices have done a 3-3-3 from 7919-7881-7923-7872. It is delicately poised for the day.
Thanku very much sir.
@Prabhanshu bhai, any views on IDFC ?
Raman, not seen idfc chart so carefully. After -ww triggered in day tf at 158 aprx it made low till 141. Post this there was falling wedge in 60mins and broke out above 148. But due to time constraints cud not compute its tgt. Currently seeing nmdc and idea chart.Idea has good support at 154 and also golden ratio of last rise from 151Nmdc is breaking out from triangle pattern above 178 and has triangle support at 173.5
Always observe technicals with the higher T/F; for eg: Hour with Day in the background or Day with week in the background.This helps in taking good risk-reward trades.
There is huge -ww in nifty 60mins chart. It has formed at 7876.20 but will trigger with 2 60mins close below it. Till now prices did not close below it.Be carefull. Dont want to give 1-4 line tgt as of now.
Both Bulls and Bears in mood to cement their positions.http://www.niftytrader.in/nifty-live-change-in-oi/Content with what they have :)
@Prabhanshu sir... will nifty go down till 7700 in this series?? any chances?? holding 7800 puts... worried now
Prabhanshu,That makes the market at a crucial juncture. BN inv h&s may take Nifty 300+. -WW in Nifty may take Nifty down 300. It depends which one triggers. UP or DOWN?//?
Banking share now getting more strength
Gani ji, no offence but if could predict market then i shd be billionaire by now.I don't know the basis of your trade so can't comment. Pls follow Sir and his views for taking trade.
@Rajesh Rekhani,Ignore Prabhanshu's -ww,His past performance always wrongPls follow master and Shri
If we look at the retracement on the EOD basis on BNF, BNF from yesterdays highs has virtually completed its entire retrace and is sitting pretty at or above 15508 which is also the 20% fibo av the entire fall
any sustainence below 15508 on BNF MAY render the BNF to fall and then supports as per the fibo
Hi prabhanshu sir, 2 60 mins ? Sir how to calculate
any fall if any is lookin to me at coinciding at a support on BNF currently at 15435 - 37, which is also the 123.6% fibo retrace on both the intraday as well as the EOD
SBIN may spoil the PARTY
Infact BNF retraced currently exactly from 15537 which is also the 38.2% fibo of EOD
@Prithvi RauljiRather than saying that , please post charts and studies for benefits of all good souls here
All,============================Ilango said... Nifty moved into the resistance zone at open at 7917-27 - High 7923. Nifty reached yesterday's low at 7881. The swift opening fall of 42 points is being retraced presently. Two trade possibilities exist for day traders, if not sold earlier & part booked:- 1. Counter trend trade: 7902 7907 ... is 50%-61.8% retrace of the last fall from …… 7923 to 7881 80% is - 7915 If weakness is to return, it should be around 7902 7907 Strength gets confirmed above 7907 OR 7915 2. With the trend trade: Buy on dips around pre-Mkt's support zone of 7859-68 with a small SL. (21 Hr Sma is likely to be tested today...)============================Test of 21 hrsma @ 7866 done and in the support zone you mentioned. Jai Ho master.
@ Sam,Long time - Hope all is well and you are back on again.
@Raghavendra :) All is well by god's grace.. left my last job .. and now in full time trading at least for time being .. Hope all is well at your end
Pattern Trading callBuy India Cement above 130, Cup and Handle Breakout TGt 180,OMG, not see above 130 till now
It is batter to control on nifty and banknifty
@ Prithvi Raulji:) when I mention about any counter in my blog I give it with reason, and at the same time I do keep risk reward ratio in mind .. even if trade fails I don't feel the burn :) Thanks ..
Jai ho master for 7866
Prithivi sir , your hurting prabhansu sir he is senior member in blog and helping to blog mates
ONLY A DECISIVE MOVE ON BNF ABOVE 15222 now will seal da fate for the day. it is also the 80% retracement of the current wave from 15462 - 15537
SBIN still below its 10SMA @ 2419.00
Prabhanshu,Just Ignore the comments. I have been following you and your correctness of WW.People dont leave even Master, so u can just ignore.
@ Sam,Going on well sir....All the Best - please share your experiences at the end of the full time trading stint.
support at 7866 ..below that dema
Prithvi Raulji said...Pattern Trading callBuy India Cement above 130, Cup and Handle Breakout TGt 180,OMG, not see above 130 till now==============================My dear Frn ... Thanks for bringing this thing :) i been out of game since last few days ... Just checked INDIACEM chart .. i mentioned buy above 130.. fact of matter is it made a high of 130.8 and coudnt even sustain there for few mins :) ..
New Post Done.
@Raghavendra Thanks for wishes :) sure shot bro...
Now the fight for 7900 level.http://www.niftytrader.in/If Bears protect 7900. That might be end of bull run for this expiry
good evening master...