Ilango said...A 5 done from 7599 to 7691(truncated 5th @ 7676)7656 7645 ... is 38%-50% retrace of the last rise from …… 7599 to 7691Low made "7655" - On a small range day - 20 points.Similar retracement strategy worked yesterday too, another small range day.
Prabhanshu sir,What is happening in Tata Steel ??
weekly trend reversal.....avoid shorting
ILLANGO SIRFILTER ON NIFTY APPLY OR NOT ?
@ murli ,Based on my inputs so far, it continues to be "UP".A shallow retracement of 38%-50% was suggested.Declining channel resistance came at 7675.Thus, it makes for a "no-filter", besides getting supports from Day technicals as we have been suggesting last two days..
Weak below 7675-81.
According to pre-mkt view, now Nifty can rally anywhere
Sir sorry for net getting your comments properly. Sir JNSAR at 7675 . So whether the trade is to be reversed at 7675-20 or 30 . Please do guide.
Sir tomorrows BN JNSAR?
@ vishnu,JNSAR followers take trades based on "Price triggering the JNSAR number"JNSAR followers, sometimes, choose to take trades based on "Price triggering the JNSAR number+30"Once price triggers, they keep a filter of 30(earlier 20).As you spend more time in the market place, you could anticipate and apply filter or no filter based on your exposure & experience in the market derived from sound technical studies, which are updated 5 times a day.Some may choose to ignore other studies and follow JNSAR mechanically.
Nifty Dev DHEMA = 7685
Sir Thanks a lot for clearing my doubts. thanks once again for your guidance.
3.00PM TT & Chart Updated.
sir, IN BN if 4th wave correction would be flat or contracting trainge for the fall from 15750-14300 which is A had a formed a 3 wave correction and the rise from 14339 -15550 is the B and the fall from 15550 - 14700 is the C which is .7 of the wave A and the rise from 14700-15280 level can be D and the fall from 15280-14850 would be the E which will end the contracting 4th wave which will be quote appropriate for the extended 5th wave, please confirm if this is a contracting or flat where the B will end at 15750 level
@ Crorepathi ,It does not look like a CT.It is a flat correction, possibly with abc-x-abc. We'll know soon enough. The ST direction is UP.
Thanks alot Sir.
A pause here at R4-7734.