As per EW, this rally is for the fall from 5801 to 5416/5402 and likely to end around 5600-5650.
As per TA, a minor bottom is in with Day/ Hour TA turning up towards WLEma & WEma.
Weak below 5490 and resumption of downtrend below 5445.
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...
36 comments:
Good Morning Ilango Sir and Friends
Bank Nifty analysis: CLICK HERE
@misnomer,
The bulls here often represent the bulls in the market, so the few bears need to be cautious.
Keep us updated if the ww fails or is on.:)
I noticed wolfewaveindia has put an open invite to share his blog, you should join up - such a terrific idea to have co-authors in blogging to handle the traffic.
Good Morning Sir and Friends.
gm RG and San, all,
Looks like another exciting day on the bourses.:)
Sir i think pivot and support levels are not updated in TT
Prabha : I second Suja's observation. You are becoming another feather in Sir's cap. One more student flying his colours. Keep it up. God Bless you.
Hi Yoda. Worry is the strong rally by the Commodities...will they run parallel (defeating many pundits y'day).
Musti...what's your take now?Gold and Silver Mubarak ho!!!
Good Morning Sir, San, RG, Yoda mam and all.
Sir,
I think in TT Pivot , S1S2& R1R2 are yesterdays levels and also in the bottom JNSAR levels. You have mentioned the date wrongly.Pls check and update sir
Good Morning ilango sir and friends,
Today's Quote received :
Perfection is impossible. It's never achieved completely by anyone in the world...but if you keep chasing it somewhere on the way you may meet Excellence.
Comparision is the best way to judge our progress....but not with others. We have to compare our yesterday with our today.
Good Morning...!!!
gm Prabakar, which way does your tech analysis point?:)
Good morning to all
today's range may be 5520-5670.
First resistance may be 5560-75 and that should be first target.
2nd resistance should be 5670 just 20 points lower than previous support (5690)
so probable path may be
5520-5575
5575-5525
5525-5670
@Yoda Mam,
As of now MACD & Stoch crossing below in 1 & 5 min T/F, so there will be an initial downmove before going up.
ty Prabakar.
Good Morning everyone.
BN Jnsar triggered.
sab ko su prabhaat sir and friends:)
Last 10 min good addition in both 5500 & 5600 CE & PE. NS will be roaming around high and low of today.
gm bhaiyo , bhagwan aaj din humare liye shubh and labh ka rahe
below 5506 NF looks bad target 5430-5435
good morning ilango sir, i have got a time to visit you and our friends
wave counts for this down
6339-5624----------D
5624-5802----------U
5802-5402----------D
5402-5650----------U
5650-5080----------D
5080-5400----------U
5400-4800----------D
area to invest / max long is 4800-4750(spot)
comment are most welcome
especially from ilango sir
every tom dick and harry has a target 5590 5650, will market oblige everyone???
NF VWAP at 9.40 am is 5523.30. And i could see that OI for optidx is update every 10 mts at my terminal.
Good Morning ALL
GM to all
@ SAN
i have seen ur charts excellent work ,never never do break this
well done, well done,me from salem, i met ilango sir from vfm direct@2007
http://en.wikipedia.org/wiki/Rahul_Gandhi#Boston_Airport_issue
@tigar
tiger? or tigar ?
anyway become tiger in market,
best wishes from this rare visitor/friend
thanks ,bye
@ilango sir,
i think right now you are busy,
i come later, thank you friends
Gm Illango sir & all.
@ Raja sir,yesterday Huge Volatolity in Gold & Silver.
Its purly manipulation nothing else.
Silver from 700 point down up again 1200 points from low.
yts this????????
Still I am short in Coper & nickle adding Lead also Yesterday.
Crude & slver Gold purly intra
It is Tigar (Sher)
gm sir and freinds
gm prashantbhai 5506 nu importance samjavso prabhu? is it because yesterdays vwap is 5502?
It seems BN momentum only above 10745 (fut.)
NEW POST DONE.
MUSTI AND comm trading friends - try Sirs Nifty TA - replace OHLC values for your commodities. Enjoy very happy rides thro LEMA,HEMA,EMA(5) and 10EMA(SAR). (Wish Sir doesn't try. We all will lose the great Nifty ready reckoner...he will migrate to comm).
Fire : BN Long on??? Even Sir has blessed it.
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