Hour TA never gave a buy the whole day and Tech table reflected the same. Day TA which turned down yesterday as per the "Day Lead indicator" prevailed over the entire day's failed bounces.
Thursday, January 27, 2011
Nifty ends with a new low in a "Bearish settlement".
Raichand Shah has sent a file "Trading the trendline". It is uploaded and the link is given at the top right corner of this blog.
Hour TA never gave a buy the whole day and Tech table reflected the same. Day TA which turned down yesterday as per the "Day Lead indicator" prevailed over the entire day's failed bounces.
Hour TA never gave a buy the whole day and Tech table reflected the same. Day TA which turned down yesterday as per the "Day Lead indicator" prevailed over the entire day's failed bounces.
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 ... -
Will not be available to intra update . Suggest one of our readers to update on DHEma-HHEma-HCEma & HLEma for possible support points fo...
15 comments:
Dear Ilango,
The TT is not updated after 3 PM.You are requested to do the needful.
Thanks in advance.
@ Bhavan - the hawala will be 5604 - pls. explain this - u mean to say today's closing price will be feb hawala rate right?? yeah bhavan day before feb 5700 put is 72-78. wht a high today?? :)
@ Prashant - pls. post your hawala price for learning purpose.
@ mynac - i expect low but not this much :P always expect "unexpected from market"
hi illango
last time.. based on your charts, had come to a conclusion that we are indeed heading down to 5380 by 03 Feb 11 either in falling knife or whip saw pattern, Now i feel that indeed 5380 is distinct possibility in next 3 weeks. if so.. then from jun 2009 to july 10 (band of 5100 to 5400) will be taken as left shoulder, rise to 6250 till 05 nov 11 as peak, then fall to 5400 again by feb 11, and again stabilsaition till may-Jun 11 will form the right shoulder of HNS,.. whether we break 5350 by May-Jun 11 will depend on the economic factors then.. incidently 5380 is the first major support and also the 61.8% retracement of rise from low of 2252 in Q1/2008 to high of 6357 of nov 11
@sujatha.... the 'unexpected' is for the ignorant.. the wise ones know where the market is headed!!!.. yes .. markets tend to surprise a few and do the unexpected and opposite of what the poeple at cnbc say and make you believe!!!
Dear Sujatha,
Posting before leaving house for tomorrow's wedding ceremony of my family member.
The PE writing from 54 to 5600 Feb series,comparatively less writing in Feb 5600 CE is suggesting bounce back from here but the FII Cash N FNO figures are discouraging when Nifty Future has a given a close below 200 DMA & not a single sign of any help from TA Table.
The roll over for next series NF is the lowest roll over which I have seen in last 2 years.So,it is dangerous as well as useful too because almost entire roll over is between 5620 & 5815.Below 5620 it may test at least 5550& the fear, here is that if it shall not stop there then more 100 points down side is there.i.e.5450
I know that,The above said view is very courageous at this moment,but my limited knowledge will accept the facts openly,which will come across because unexpected is always expected here only.
@ h - mm. u r right " i am not wise". But i don't want to be a "copy cat" or follow "always anybody" want to be independent. Learning from my own mistakes/underastandings. I will try my level best to learn on my own. No shame to accept my "failures". my "failures" are my "future success" :) :)
I can make my career with my own involvement and increase of knowledge, that is my focus and i will benefit more in future. nobody will give free lunch always.
thanks mynac for your views. volatility is always good for 'me" double side ride :)
OOps mynac - forget to add.. today also with bearish engulfing 2morow may be a "fri(Y)day" or friday?? let us see. enjoyyyyyyyy the function.
@Sujatha..
you seem to have taken my comments as a personal afront.. which is/was not my intention.. i hv been reading your comments for long and i hold your ways n means on a higher pedestal than most others.. yes there may be a difference of opinion according to the means adopted to reach a objective.. My father used to tell me that 'wise men learns from others experience... and a fool learns from his own.." and i think that is the purpose and intention of this blog owner..illango too.. learn from each others experience... it is always good to agree to disagree sometimes as well!!!
@Sujatha;
Hawala is the rate the nifty future of the current month is last traded. janfuture last traded s 5604.2 where as the NS close at that point of time was 5607.4 which was then adjusted to 5604.3.This simply means that the traders are carrying forward their trade at the said rate.This also meas we have closed down approximately 500-498 to be precise from previous months closing(Hawala)roughly 8% of correction.
Also hawala is imp. for settelment as the cash in a/cs willbe adjusted as per the hawala rate so one will be paid /debited the differnce as this rate from whatever rate u have sold /purchased.This was the reason there was a sudden sell off of app. 10lakh nifty in Jan. by the bears just trying to milk more, which was not required to be bought back as the contract expired today. AS I had mentioned earlier The 5700putFeb. vol. showed a marked increase @ rate in the range of 140-165 this I feel is writing put (read the explanation given by Mynac two days back in reply to my querry)
conversely the 5700feb call showed marked increase in vol at the lower rate which again means calls were bought indicating some bullishness till the next resistances or the next sell off if there is aný.
I have some net availabity issues so very irregular in my trading,most of these days only get to see the market at night or before market hours. all the best to you for next month and when do the gann dates next change? just out of curiosity?
@Prashant I am very much here but at irregular hours so not getting back to you.
Max Pain
Sir,
What an insight you and your critic have!!! Pondering on the insight and I could understand the vast experience ,critical observation and confident prediction regarding expiry...as a option writer this would give a tremendousness edge for me.I had 5700 Put long at 10 Rs and was holding the whole day without any second thought as if i knew the expiry before hand.
You are like Buffet lunch, everyone has their favorite to enjoy, from complicated recipe to plain vanilla.
Thanks once again for the insight.
Hi Ilango
Here are my posts on Bank Nifty & Nifty
Yoda & Rajgopal mentioned i need to track my trades so here you go
http://wolfewaveindia.blogspot.com/2011/01/follow-up-banknifty.html
http://wolfewaveindia.blogspot.com/2011/01/follow-up-nifty-28-jan-2011.html
Please do visit if you get time - i envision that everyone will learn & contribute for all
@WolfeWaveIndia,
So glad to see you're blogging your views - you've been very accurate in the past. All the best in keeping it going.:)
@mynac and SR, I'm convinced too that it'll bounce from here - not much lower.
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