Wednesday, October 22, 2014

And the rally continues post running correction towards the critical "golden ratio"..

Happy Diwali.. to each & every one.
May this festival of lights dispel the darkness of ignorance, if any left in you.
Mouth watering array of sweets. Lovely.
If you choose and eat them responsibly, it will last this weekend without you having to suffer a tummy ache.
We don't complain of this plenty..we relish them as long as we have strong constitution..
Why then this "kolaveri di" of the "Plenty of numbers..in TT, etc.,"
If you have "sugar"...or averse to "numbers", do not go near such "Shops"..or such "Blogs"..
Simple. Fair enough.
Now let me get back to my business of selling sweets...oh! sorry "numbers".
Nifty sustaining above 7889, WEma and completing a running correction is poised to move higher.
As the chart below suggests, prices are most likely to reach the weekly channel bottom and it will happen in stages of falls & rebounds..; and that rebound is on & will be nearing a ST stretch by Mahurat trading..
ST strength continues above 7889-95.
Cluster resistances are in the region of "7972-93" and then at "8025".
Since the fall from 8180 to 7724 is a 3-wave fall, the retrace could be "any %"..
Know the direction...know the retracement & make the trades..
Get Rich Slowly..Quietly...
And Happy Diwali again.

49 comments:

Nilesh Patil said...

Good Morning Master & Friends,
Wish You and Your Family Happy And Prosperous Diwali

Prabhanshu Raman said...

GM Sir and Friends...

Sir.....haha..v nice..

Vasant Naik said...

GM Master & Blog mates,
Wishing all Happy & Prosperous Diwali - Good Health, Wealth & Happiness!

prakash said...

Hi Ilango,
Could not stop laughing on such a befitting reply to such STRAYngers. Very aptly put...

Btw.. A very Happy and Prosperous Diwali to you and all in this blog..

Regards
Prakash

amber said...

Guru ji charan vandan and a wishing you and everyone a Happy Diwali

ITradeForProfit Daily said...

Good Morning Master & Blog mates,

Happy & Prosperous Diwali to all.

Master & Markets, both in striking mood today morning.

venkatapathy l said...

Namaste Ilango Sir and blog friends

LV

S Sivakumar said...

Good Morning and Happy Deepavali

Sunil Minz said...

Good Morning every one
diabetic mithai kya khayega dosto!!!

Yash and Dhan said...

Test one comment gone to spam

arvindkering said...

Dear Sir,
Wishing you and the blogmates a Very Happy Deepavali.

Yash and Dhan said...

OK now lets see.
A very Happy Diwali to Sir and all my dear blogmates.
My fourth Diwali under your guidance.
Your talks are sweeter than the numbers here.
I love the way you can express and convince by using exact words.

salildali said...

Wishing all Happy & Prosperous Diwali

Hitendra said...

Sir - is it a possibility that the nifty touches the channel top and then retraces to 7600 to complete a 4 ?

Sanjay Jaiswal said...

Good Morning and Namaste Ilango Sir & Friends,

Wish You and Your Family Happy And Prosperous Diwali...

Parminder said...

Master ilango and friends,

Good morning to all
Regards

S N said...

Sir

Happy Deepavali to you and your family and other Blog members..

Excellent and punching message to the deserved !!

Regards

SN

chetan said...

dear master & friends,
HAPPY DIWALI.
:-D

Guru Krish (Trading Nirvana) said...

Very Good Morning Master and Friends... have a great DIWALI
and Prosperous New year. .. :)

gauresh59 said...

Namaste Ilango Sir and Friends,

I wish you and all the members of your family a very happy Deepawali.

Love and regards,

-gauresh

marina s rao said...

Namasthe Master & Blogmates.

Wish all Long life, Good Health, Peace & Wealth.

Wish all a Happy & prosperous Deepavali.

Sonu said...

GM Master and All!

Happy Diwali to everyone!

gs said...

good morning master and blogmates

gs said...

market rewards the followers,HAPPY DEEPAWALI TO ALL

NK said...

Hi Illango Sir,

Wish u and your family a Very, Very Happy Diwali and prosperous year ahead.

Today's post is an befitting example of how you are guiding even the misguided souls.

Cann't understand why people do not apply themselves instead of finding faults every time.

Sir one request. Whenever time permits, please post counts on a larger time frame from 5119 levels as also a probable path nifty might take over next 2-3 years.

Thanx once again.

NK

gs said...

google finance charts now working but prev day data blank...

hardeep thakur said...

Wish you all a Very Happy & prosperous Diwali

Raman Kapoor said...

Happy Diwali to Sir and all the Blogmates

Shiv Kumar P P said...

Happy Diwali to Master & the Blogmates !!!

chetas said...

Happy Diwali to Master & Friends!!!

Manish said...

Dear Master and all friends,

Wishing you a Happy and Prosperous Diwali and a Great Year Ahead......!!!

saravanan k said...

Dear Ilango sir & all blogmates.

Wish you & your family a happy Diwali

Rgds
Saravanan

ITradeForProfit Daily said...

Nifty trading within ND Sir's ATR Sell Zone since morning.

Hitendra said...

What number is the golden ratio?

ITradeForProfit Daily said...

@Hitendra,

8007 (62% retracement of fall from 8180 to 7724)

D.S.SASAN said...

Good Morning Dear Sir, Bros. & Sis's,

Happy Diwali & Have A Good Day/Year.

ram said...

Wish u very happy and healthy Diwali to Guruji and friends in blog

Sonu said...

Very early signs of weakness
http://www.niftytrader.in/nifty-intra-pcr/

BALA said...

GM Master & Blog mates,
Wishing all Happy & Prosperous Diwali - Good Health, Wealth & Happiness!

Num Char said...

Good Morning Sir and wish you an awesome happy diwali !

Banking bullish with rate cut hopes ..Only James Bond knows if they will be fulfilled

http://economictimes.indiatimes.com/markets/stocks/news/rbi-rate-cut-hopes-make-traders-bullish-on-bank-nifty/articleshow/44904368.cms

Ganesh IC said...

Good Morning Sir & JN family.

Wish you all a very happy Deepawali & prosperous new year.

Prabhanshu Raman said...

Sonu, how would you treat 18lacs addition in 8000pe, although at 8000, ce writers are still ahead wrt pe writers.

mayank said...

Dear Sir & all Blogmates

Wishing you and everyone a very Happy, Prosperous & Safe Diwali .......

Regards

shriram said...

GM everybody & wish u a very Happy Diwali !

May the Light of wisdom shine on every aspect of our life :-)

brijsolution said...

Gm Sir & friends,,

8005 61.8%

8082 78.6%

7950 imp support..

brijsolution said...

Cairn India... Good sustain above 281.50..

Chk chart

Varadarajulu Venkatesan said...

Dear All

My best wishes for Happy and Prosperous Diwali to Just Nifty followers.

abid gavandi said...

Wishing you and everyone a very Happy,Thank you prabhanshu & MARINA S ROA sir,for solwing my problem regarding SAR method in gap up/down opening.

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