With a negative divergence, the hourly correction has started. If holds above 5960-5970, a counter corrective upmove may unfold to 6020-6045 zone in a choppy way and another round of fall towards 5950/5935 may unfold in 2 days time..This is our anticipation of a corrective scenario keeping the current uptrend in mind. Weekly Ema @ 5956 will be a crucial number that Nifty need to close above that on 10th. That will be the first target for the bears. Whereas Bulls need to close above DHEma(likely to be 6015).
For intradayers., buying zone would be "Between last 2 day's lows-5964-5981" and the selling zone would be HHEma+ 6025/30-6040. TRADE.
J10.SAR traders may get a re-entry chance today with a low risk.
39 comments:
Good morning ilango sir and all,
Sir I have sent a mail. Please check
gm sir n all........:)
Good Morning Ilango Sir, San, Prashant and all.
v good morng prabhkar:)
nifty above 5997>> 6017,6036,6054,6084 nifty below 5997,>>5977,5958,5940,5910
good morning,seniors..
Good Morning Dear Ones...
good morning
Good morning Ilango Sir and all
gm ilango ji and blogmates......
Good Morning Sir and Friends.
(my data card playing hide and seek?)
Wished you all, went to learn SAN's charts - came back here, my greetings missing.
But a very lovely morning to all.
===
SAN- Thanks for a very clear presentation. For crude(&comms) pls mention the INR levels in the summary atleast. Will be a great help.
@manojag yesterday u were discussing count of bnf. It will probably need a reassessment today.
Sir ,
It appears that banknifty upmove is just a corrective from the lows. So it will unfold as a flat/irregular. Whatever I can make out is that in nifty also we have not completely ruled out a flat correction yet. I am thinking sir this may be a deeper cut than anticipated
GM Illango Sir & All
BN down 295 points. it broke the range mentioned in stockwealth 11850-12400.
Is it time to short?
GOOD MORNING SIR AND FRIENDS
sir & Family..
gm..
Bn dragging..is the leaders are leading us that
that intermediate top is done..
further which wave we will mark n bn now?
@Hitendra
BN JNSAR triggered yesterday itself. Part book done today
Good Morning to ilango sir and other blogmates
@ prashant,
r u holding any position in Relinfra.....?
-gauresh59
Ilango,
BNF got routed today. I was fortunate enough to be Short yesterday @ 12150 and even more fortunate to have covered my Short today @ 11750.
Now I am looking to Short it again. I have tentatively placed an order to Short again @ 11955, 200 points up from my profit booking level or break of day's low. Can you please suggest me a better level to go Short on the BNF.
Sir;
Is there a mistake in mentioning the MP values in the techtable they are mentioned as nifty spot values instead nifty future
@Prashant JSK busy past few days?
Good Morning Sir and Warriors
@prashant shah
JSK Prashant Bhai
@ Nifty,
11950-12050 is a level likely to be strong resistance for BN.
Babu
Are you still holding to your other lot?
Do you suggest to take a short now. I have no positions currently.
Thanks
@ Bhavan,
They are future values only. I'll correct them. Thanks.
Thanks Sir
@Hitendra
part booking exited BNF@11773, again shorted @11843. For today my SL is BN@11850.. Tomorrow onwards back to JNSAR
NEW POST DONE.
Any Views on OMCS anybody?
Another Squeeze is developing in BN Bollinger. May be a head fake to higher level before a deep cut. So far 11750 the day S2(futures) has held.
You're right, RG. This market is just faking both sides out.
gauresh... i squre off rel infra at 892.... book loss 3 days back
bhavan JSK.... WAS BUSY IN TRADE LAST 2-3 DAYS ...
NIMESH BHAI JSK:)
BHAVAN... MKT GHAT HI NAI RAHA HAY KOI SCAM TO LAVOOO PLE... 5972 TODO I WANT AAJ HI 5850
SIR I SHORT NIFTY TARGET 5850
SIR I KEPT SL 6060
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