BN showed a clear 5 wave fall from 16209 to 16048 with open & high being same.Hence,16129 16147 ... is 50%-61.8% retrace of the last fall from …… 16209 to 16048 80% is - 16177 If weakness is to return, it should be around 16129 16147 Strength gets confirmed above 16147 OR 16177
GM IL Sir,Applying the same logic of BN to nifty.50%-61.8% retracement from high of 8122 is 8051-8065. So strength should resume in this band? Also, below 80% i.e. 8030, weakness should be seen in the index?
GM Master, If time permit kindly express ur view on SBI as BN make new all time high but SBI still a laggard?
8094 is the bottom of the irregular reversal triangle.it is in the shorter tf of 2 and 5 min usual to see a good upmove of about 50 points at least low RRwith clear SL
Nifty everyday Master's patient
Dear Ilango Sir & Blogmates,OI Table Update at 11:00AM, Pivot-8105, R1-8156, S1-8071, VWAP-8133Evenly distributed Option addition for the day with 8000PE OI now above 60 lacs, should act as very good support, Buy on Dips till 8100 NF is held…Thanks & Regards
Be careful with SBI . Operators are strong . It will appear to be weak and suddenly shoot up even when BN falls as it happened yesterday !
wow, BN retreced .618 @148.5 and back
Fight on for 8100 levels with OI mildy bullish. Correction can happen any time now:http://www.niftytrader.in/
Ilango Sir - Your views about TISCO pls.
negative divergence seen in BN hourly chart
New Post Done.
Indian stock market continue on its perfect uptrend. Nifty holds 8100 level nifty up 39.70 pts or 0.50% to 8121.95. Indian stock market The S&P BSE Sensex is the best-performing market. Stock commodity live calls