Friday, the 13th will be upon us tomorrow. What will it be..?
Prashant shah's "Hawala rate" is @ 5422 and it did dance around it.
For tomorrow, it could trade between day's pivot(5407) & week's pivot.(5444).
A close below 5384 decisively will trigger a weekly sell.
A close below 5412(Yesterday's low) would have been helpful to bears.
A close above 5431(Today's high) is what the bulls will look for.
8 comments:
@ilango sir,
Until now, current week's 5EMA is 5394. You said close below 5384 a definite sell. Wouldnt this be based on current week EMA which we will know EOD tomorrow ?
sir can we count wave in the manner done in this chart at my blog http://3.bp.blogspot.com/_Nnk0pg6inQk/TGQR36udsDI/AAAAAAAAAAM/qqBfozhh164/s1600/jcharts.png
thanks
Sir
To day you have mentioned some thing about Hawala Rate. What is this . How it is being determined.Is it any TA or any parameters
Thanks
Bala
this is so boring market lake of volatility look at FTSE after yuan rally it top out at 5385 then made bottom at 4800 then come back to 5400 now again at 5200. British tradres have a goo fun like french and german tradrs and US. there market react to all datas. our market does not react to any data. This is because of FII. they will not throw their holdings until something happen at that time sudden fall happen and again we wil stuck in that range. BAD TIME FOR INDIAN TRADERS SPACIALLY NIFY TRADERS. Any way today market first time in two month close TWO consecutive sessions below 20 DMA. MY VIES IS IF NIFTY TOP WAS 5491 then we will see 4100 sure. thanks
look at this video about DOW JONES very good for our blog friends. http://broadcast.ino.com/education/dow811/
Sir,
had to leave immediately early today as got some visitor..couldn't express my thanks in a better manner for the wave count chart..
day by day the experience here at JN is very enriching and thanks a lot for your mentor ship, patience and all the above for your energy sharing..the way you are "rebuilding the house is amazing"..and today AARVEE must have taken enough cream from here for his next year's cake :)
my favorite today..
//When there is a downtrend is on, you will have periodical intra rallies which will have a clear 3 segments - 1 up, 2 nd down and the 3rd up. The 3rd up will look so bullish, you change your bearish view. But such a sharp rally is the place to sell, provided it is below its ema.
Tisco is one such example.
Inculcate this method, you will trade like a pro in a falling market //
nothing cannot be more simpler than this !!
thanks for everything sir
@assortz,
Well said. This is where keeping counts clearly on an hourly or lesser basis will help. For someone interested in EW analysis, here is Dan's S&P EW analysis...780 is possible in Wave 3 there...if that happens OUCH...
http://3.bp.blogspot.com/_TwUS3GyHKsQ/TGR7zAlodXI/AAAAAAAAHDM/G-HGYeqpuFY/s1600/spxdaily.png
Rajagopal has shown increase in vol for Ranbaxy & HLL
but in futures OI position is not available for both of
them. Again SBI futures data is missing. Raja come on we
need more data and if possible for the entire stocks listed
in futures segment. Nifty, Sensex still ignored! Ilango
please note.
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