Master, if the fall from 8180 to 7925 is abc, Banknifty showed clear 5 wave down, could it be C wave ?Pl clarify
Sir pl clarify my query posted yesterday. Thanx and regards!"Sir in first chart 6870 is shown as 1 but in 3rd chart its been shown as b? Pl. clarify it. "
GM Master, "8057 would negate five wave structure " What does it mean? which five wave structure r u refering?
Lets add Stats power.. Bell curve maths says, Day's Hi shud be formed in the range 8120-8160, with Hi-FreQ Mean of the Distr. @ 8140 NS ! 68.2% Chances , as always
@ hari,BN too did a clear 3 waves - see Stock wealth
@ Anoop,It does not matter. You can choose either. Only when the "iv"th wave unfolded, it would have mattered but the 'iii"rd was so huge, it became irrelevant.
BN hit JNSAR and just reversing down 20 points...Normally, it is common when JNSAR is nearing ..Any expert views..ThanksSN
Thanx a lot sir.
Dear Ilango Sir & Blogmates,OI Table Update at 1:00PM, Pivot-7989, R3-8085, R4-8133, VWAP-8065The 8100-8000PE writers have just taken control of the Option Table and a close above 8100 looks very much on the Card, Buy on Dips…Thanks & Regards
@ prakashbkc ,8057 was marked "i"st wave from 8180."ii"nd was marked at 8114.After the "iii"rd fall to 7925(7940), the "iv"th exceeded "i"st wave low; hence, the 5 sub-waves was rejected and the fall was treated as "abc".
Day Low : 7939.70 Day High : 8094.00 Range : 154 Points Day Pivot : 7968 Hr. Pivot : 8070NS Above OK ( Octa Kilo = 8000).Currently hovering around 8080. NS a Century above Day Pivot @ 7968 displaying bullish trend.NS in BAH mode in Hr. T/F & in Day T/F.Strength COntinues above D Hema @ 8063.Weakness returns below Hr. Hema @ 8043.BAH = Buy And Hold
time for alarm bellsome caution in longsns in res range8094nsfingers crossed for a sharp fall towards 8020 intraday
Followers of JNSAR :Day High : 8094 NS trading above TODAY'S JNSAR @ 8071.Reverse SHORT trades entered on 11 Sep '14 to LONGs with SL when NS @ 8041 or below.Time to consider taking LONGs with strict SL of NS @ 8041.NS currently hovering around 8086.Caution : As JNSAR is just 2 Hrs. old, whipsaws are possible. Strict SL is a must for all trades.
if sbi breaking 2623 in cash than easy going above 2700/2750 in ST
Thanks Master, I meant the same
SirWhen time permits, please clarify, whether this wave 5 can be an extended one, since wave 3 ( from 7862 to 8180 = 318 points )was just 75% of wave 1 ( from 7540 to 7968 = 428 points ). What should we look for the same ? Thanks.SN
New Post Done.