The lower most range for the day as per "Trading mode"is DLEma less 30 which is 7639-7609.Nifty made a low at 7639 and reversed; confirmation of the same was seen, aggressively above 7669, 61.8% of last fall from 7687 to 7639(day's high & low then) and conservatively above 6777, 80%. Now, monitor the last rise from 7660 to 77xx.
Dear sir,Wil it be good place to sell as it has touched golden ratio for the last rise.Pls suggest
Now, monitor the last rise from 7660 to 7709.(61.8%)7685 7679 ... is 50%-61.8% retrace of the last rise from …… 7660 to 7709 80% is - 7670 If strength to return again, it should be around 7685 7679 Weakness gets confirmed Below 7679 OR 7670
@ Swami Shivkumaar ,Week trend is Down;Day Trend is Down;Hour Trend has turned up as along as prices sustain 7675-80.
GA sir,My sl for NF triggered at 7735 ie spot 7715 +20 , but NS didnt trigger at 7715 but future got hit.....No issues..last few days are so the sl getting triggered,so whipsaws, but since i part book, my whipsaws are not major.....sir, my question is when these things happen, there is every chance of major up/down move with high frequency happens with a blink of an eye,is there any convergence happening for major fast raise/down? plz reply me sir
@ saz ,We have identified the "Trader's market" by spotting many 3's & 4's which would imply sharp rises to 5's and sharp reversals to a new "1/ a".However, if you notice the "Hour Lead indicator chart", prices have been oscillating quite laboriously within 7500 to 7780 for a long while, the midpoint being 7640.Your strategy of "Part booking" is the only way to deal with this market.If experienced, use "Supports & Resistances" to trade everyday, even while holding a SAR position.
@ saz ,Today's pre-mkt support was 7628-36 - Nifty made a double bottom around 7639.Today's pre-mkt Resistance was 7704-17 - Nifty made a high at 7709.Using these, one should make trades confidently with a "small" SL.
Thanks sir, i will use "Supports & Resistances" and trade accordingly.
ANother Golden Trade asserting...to break below 7680.
3.00PM TT & Chart Updated.
ilango sir,can u guide what this 3s and 4s stand for ?
Sir, if xa=bc, then c might end at 7609 which is near to 50sma. Correct understanding?
Doji in making on day tf.
a rewarding day if played by retraces and supports ! Thanks Sir for the education.
@ Prabhanshu Raman,This is a challenging phase - range bound for a long..long time as shown in the above hour chart as well as in the week chart in today's Pre-Market View.Which pattern is playing out is a difficult to know; however, knowing a "low risk-high reward trade plan" is the only way to make few successful trades in this phase. Even a one trade in a day would do.12 weeks of "running correction" or is it a distribution...??
and resistances as well :) - the great thing about range bound markets is if you get one trade right, you get another opportunity the same day !
Sir, you were right. Ignore is the only action for these guys. Earlier I thought he might b facing any understanding issue but seems he is just waste.
Another day of "close below DHEma and Close above DLEma", maintaining the trading mode.
@ Prabhanshu Raman ,My father often says this: Aduthavan kundiya paarkaathey..!!!Don't look at another's ass."This one will never understand it."