Bull: Pull back after a breakout is normal.
Bear: Negative divergences in almost all time frames.
A close below 5443 is the first sign of weekly weakness. That is the only important number besides a close below/ above 5439 for day signal.
Friday, August 6, 2010
Nifty PreMarket View.
A most likely 5430 to 5470 may play out for most part of the day before any decisive direction may materialise.
Bull: Pull back after a breakout is normal.
Bear: Negative divergences in almost all time frames.
A close below 5443 is the first sign of weekly weakness. That is the only important number besides a close below/ above 5439 for day signal.
Bull: Pull back after a breakout is normal.
Bear: Negative divergences in almost all time frames.
A close below 5443 is the first sign of weekly weakness. That is the only important number besides a close below/ above 5439 for day signal.
Elliot's Impulse waves.(Part-5)
IMPULSE WAVES :- The Basics Waves that move the market in the direction of its main trend either up or down are called Impulse waves. 1....
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5010-5039 supply zone proved a ST resistance. 5002 proved a break down point. 4945 to 4982 proved a corrective rise, monitored with an ... -
I 'll always be there for you. To make you feel that you're secured. And even if the rain is pouring hard and the sky is almost dark... -
Trading strategy that works wonders besides the supports & Resistance is " Retracement strategy ": The strategy that has wor...
20 comments:
Good Morning all!
gm all. Is this the "e" of abcde ?
@ golfdude,
It could be labelled in many waves. Presently concentrate on the direction which is up with a strong supports @ 5415. Minor support @ 5430.
Good Morning Ilango Sir and all
Bollinger Band levels
Period <> BBLower <> EMA <> BBUpper
3 <> 5428 <> 5447 <> 5475
5 <> 5363 <> 5439 <> 5498
8 <> 5365 <> 5431 <> 5483
13 <> 5361 <> 5417 <> 5480
21 <> 5325 <> 5392 <> 5479
Good Morning Elango Sir and All
gm ilango ji and blogmates....happy trading day !
Good Morning Sir and Friends.
Sir - Sathiaraj confirms having sent the mail y'day from regular id.
Hope to join you all soon.
Janak:
I am Short in RCOM,RPOWER,PUNJ LYOD,GA CEMENT,TITAN,TCS(RISKY)
Long in Unitec,SBI,YES,IOB,Exide,Hindalco,WIPRO,TISCO,IDEA,...
GM All.
RG - Thnx...pl. look at Tata Motors, SUN TV - are they ripe enough for....
Sandy - I am very happy that u find the table useful and sincere apologies for the disruption in updates. I am in the midst of a family event requiring my personal time. I have trained one of my team mate to use the software and will request him to be consistent for the next couple of weeks.
If u wish to do it yourself, just take Sirs and Sundar's file and include whatever script you want. I am Using only these formulae but built into a VB routine.
Janak - careful with TMF (Bonus rumour doing the rounds) and Sun TV is a punters delight - if you have studied its path then ok.
Janak.
btw Sun TV short is from day high+Rs3 - not at the break of day low.
I am off friends.
thnx RG....
Kumar,
I check India VIX from chartnexus..no link... u wil have to download the whole software from
their website... btw its free.
@ Rajagopal,
I haven't received the mail for 05th.
Derivative analysis from IDBIPAISABUILDER:
We
find substantial addition (yet again) in the 5400 puts. In fact the 5300/5400/5500 puts
collectively added about 23-24 lacs in fresh OI. Now that's a really nice big number. In
addition, there was this huge addition in the 5600 calls (12 lacs). Given the pattern of
that increase that we tracked during the day, it seemed more like buying and apparently
was funded by the selling of 5300 puts (synthetic long creation). So it seems that the
market is still playing for higher levels.
Nifty may react from 390 EMA
http://finance.yahoo.com/q/ta?s=^NSEI&t=5d&l=on&z=m&q=c&p=e60,e390,m390&a=m26-12-9,r14,ss,fs&c=
Rajagopal Thanks for your reply and please note that
it is extremely useful for everybody in trade. I am using
Ilango's file daily basis. Sundar has modified and included
some stocks and it's basis is Daily data only. The only
issue may be with it that it doesn't have VIX or Volume
or Weekly data in it. Yours is much more comprehensive and
hence more useful. I have some software background and would
request you to share process so that I can also develop the
same at my end. I thank you for taking the research to
such a level. Please throw some light on how to use the Accu. / Dist.
Osc and Detrended Price Osc.
NEW POST DONE
Good Morning Sir And Warriors
Gm Illango Sir,
I short yesterday as Nifty closes below DHEMA
Today nifty also resisted @ 5465 DHEMA.
Can add more or wait?
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