@ Raman Kapoor,It could be labelled as "Five sub-waves" from 8160 to 7841, considering +ve divergences in both hour & Day. The rise from 7841 to 7933 too show 5 sub-waves; hence, monitor the prices holding 61.8% & 80% at 7877 & 7860. Also 50 dsma is placed at 7885.Stay cautious..
Day Low : 7841.80 Day High : 7952.95 Range : 111 Points Day Pivot : 7936 Hr. Pivot : 7908NS a Century below OK ( Octa Kilo = 8000).Currently hovering around 7882. NS below Day Pivot @ 7936 & above Hr. Pivot @ 7908 indicating bearishness.NS above 1st support @ 7885-95 for aggressive trades weakening Bear's grip.NS in BOD mode in Hr. T/F in Week T/F & in SAH in Day T/F.Strength returns above Hr. Ema @ 7910.SAH = Sell And HoldBOD = Buy On Dips
Nifty @ imp level .. 7880 WLEMA (10 points just above that level )7920 DLEMA ( 30 points below that level )Now which level nifty will decide.?? below day & week low ema or Atleast save week low ema..1 hr to go ..
Followers of JNSAR :Day Low : 7841.80 Day High : 7952.95 Day Range : 111 pointsNS trading a Century and Half below TODAY'S JNSAR @ 8058.NS below Hr. JNSAR @ 7918NS below Day's pivot @ 7936 & above Hr. Pivot @ 7908 indicating indecision.Continue Shorts initiated on 23rd Sep around NS 8049 with comfortable TSL.NS currently hovering around 7908.Note : Strict SL is a must for all trades whether Short or Long.
Now monitor the last rise from 7880.
S&P credit rating of India to stable from negativIlango sir.How will this news impact on the technicalsSaravanan
Acchey Din aa gaye bear ke liyeSell in good new , Buy in bad news
@ saravananSeems like this rise is effect of the news
INHS TRIGGERRED TRGT 8050
volatility as if it is the expiry day today. Possibility of Gap up on Monday?
Market showing the effect of RATING IMPROVEMENT.
@Sarvanan,It is only a outlook change not a rating change. Anyway still a good news.NK
Indeed 5 started...Missed a good opportunity...
7937 7923 ... is 50%-61.8% retrace of the last rise from …… 7880 to 7993 80% is - 7903 If strength to return again, it should be around 7937 7923 Weakness gets confirmed Below 7923 OR 7903
@ Sonu & NKGot excited since nf was flying as if it could change the table upside downSaravanan
Closed above 21hrsma at 3pm
3.00PM TT & Chart Updated.
when nifty @ 7850-60.. PCR was 0.50 daily.. & nifty 50 DEMA Also.. So bounce already due..Now imp is this low which made today.. once this low break then very very good fall can see..So today's low major one support as well as rating news low..
Looking for sizeble Bounce ???
By this volatile mkt premium decrsing process going on..Last expire premium was 10 point .. In this 60 point premium...Now currently.. 30 points..this premium decreasing give benefit to short position.
Ilango Sir - Has Nifty broken out of a falling wedge?
Correction..Currently 65 points still premium
Power of EW, i am enjoying it!Jai Ho Elliot and Master.
Sir, yday and today day candle looks like bullish piercing line pattern??
when everybody bearish market does ulta
@ Master,abc completed @7992???
This should soothe shorters :)www.niftytrader.in/nifty-intra-pcr/
@ Prabhanshu Raman,Yes. 9 day rsi, the most reliable one shows +ve divergences. A close above 5 dema or 5dsma would suggest ST strength.The direction has reversed just above 7841. It could be either vth wave or an "abc" corrective bounce.Trade cautiously..
Day Low : 7841.80 Day High : 7993.30 Range : 152 Points Day Pivot : 7936 Hr. Pivot : 7949NS below OK ( Octa Kilo = 8000).Currently hovering around 796. NS above Day Pivot @ 7936 & above Hr. Pivot @ 7949 indicating bullishness.NS above 1st resistance @ 7955-61 for aggressive trades in Bull's grip.NS in BAH mode in Hr. T/F, SOR mode in Week T/F & in BOD in Day T/F.Strength continues above Hr. HEma @ 7951.BAH = Buy And HoldBOD = Buy On Dips
@ Prithvi Raulji,It depends on "last rise retrace" (7880-7993) and "making or not making a high higher than 7993".
Lagta hai stock market ko 6odna padegai will say bye bye in short term
@ Sonu,Such a huge divergence...!!
Followers of JNSAR :Day Low : 7841.80 Day High : 7993.30 Day Range : 152 pointsNS trading a Century below TODAY'S JNSAR @ 8058.NS above Hr. JNSAR @ 7915NS above Day's pivot @ 7936 & above Hr. Pivot @ 7949 indicating bullishness.Continue Shorts initiated on 23rd Sep around NS 8049 with comfortable TSL.NS currently hovering around 7967.Note : Strict SL is a must for all trades whether Short or Long.
Wow... Voltas is up 10%... Anyone tracking it? What is the view on Voltas?http://www.niftytrader.in/?id=VOLTAS
comfortably holding 7950
Sonu.....it looks highly bearish.... :-(
Closing above Day & week low ema...
@Prabhanshu,Would you pls elaborate?
Sonu...decrease in pcr ratio while increase in price is bearish. .
@ Sonu - isnt the chart put up by you bearish? There was a massive decline in PCR while NS was rising..
@ Prabhanshu - yeah, that's what was my understanding too!@ Sonu - Am I reading it incorrectly? Pls elaborate..
Ya man...even i am not good when it comes to OI or pcr ratios..
Your reading is right on PCR decline. Most likely a flat to gap-down opening is on the cards... or perhaps I am reading little too much :)I was asking view on Voltas... Thought Prabhanshu replied to that query... so asked him to explain :)