If Nifty gets resisted around 5490-5500, the downmove will continue. Intraday strength will be above 5500 only. DLEma @ 5561 is the immediate resistance.
Larger trend remains DOWN; World markets are turning weak; Commodities markets are reversing sharply - read the direction as DOWN. Part booking is sensible but re-selling too is wise.
27 comments:
silence & smile R 2 powerfull tools.smile is the way
to solve many problems & silence is the way to avoid
many problems......
good morning sir & friends.
Good Morning Ilango Sir and JN Family.
Nifty spot VBR(Volatility Based Range)..
High--- Low----
5605.49 5314.21
Ratio Uptrend Downtrend
0.272 5499.46 5420.24
0.382 5515.49 5404.21
0.500 5532.67 5387.03
0.618 5549.86 5369.84
0.786 5574.32 5345.38
0.888 5589.18 5330.52
1.000 5605.49 5314.21
Nifty Future VBR(Volatility Based Range)..
High--- Low----
5609.39 5307.41
Ratio Uptrend Downtrend
0.272 5499.47 5417.33
0.382 5516.08 5400.72
0.500 5533.90 5382.90
0.618 5551.71 5365.09
0.786 5577.08 5339.72
0.888 5592.48 5324.32
1.000 5609.39 5307.41
Q: Why Gorillas Have Big Nostrils?
Ans: Bcoz They Hav Big Fingerz?
Good Morning
Good Morning ilango sir and friends,
Today's Quote received :
Some people always enjoy the best in whatever life offers to them, not because Good things come in their way, but because they find Good in all things that came their way.
Life begins with our cry…Life ends with other’s cry…
Fill this gap with as much “Laugh” as possible.
BN 173 points up in a minute ...
Good Morning Sir and Friends
Uncle SAM ru holding BN? :D
Good morning Everybody!
Hello..............Nifty 55 points uppppppp. Book 50% profit here......catch u later, i also have to book huge lots.
Kumar
Good Morning Sir and Friends.
Goodmorning Ilingo Sir and friends, have a successful day ahead
"If your life is free of failures, you are not taking enough risks." Now completely out of my longs...started gradully shorts from 5510 spot, Bank Nifty gave 150-175 points overnight...Thanx to DR, who inspired me to trade in Bank Nifty & thats why i changed my pic.
This morning high is crucial for bulls to cross for any strength.
This high of 5516 is also the resistance, crossing which DLEma is possible.
Break below 5485 would be weak.
Kumar
I also exited 5500 options yest bot at 80
Good Morning Sir & Everybody
@ Kumar. Sold 5500CE at 101 bought at 74 yesterrday.
Thanking you for your guiance.
Nataraj
Madurai
Ilango sir where conservative sca resell??
kumar sir,
Big Thank you for yesterday suggestions about my mother's health.
i will exit 5600 call at 5560.
Kumar Sir GM
apni tow nikal padi
now no more panga till Next week
a small long in BN will try if get at lower level again
Dear Nataraj!
Thanx for ur kind words, its a gr8 pleasure that somebody gained thru my view in this market...when nobody was ready to Buy.
@ Bizagra,
Look at the "Retracement table" for the fall from 5913 to 5444.(Presently shown as 5898 to 5444)
2day open and low are aame?? 5474.90
path may be 5560-5510-5617 for this upmove
Dear Mr Kumar,
Your call to buy 5500 call at 80 and once again to buy around 70 if it comes is just amazing and awesome. I am new to this blog and amazed at Mr Ilango's dedication to keep this blog alive and helping other fellow traders. Coming back to your call I have seen a few days back also you advised to buy at the right time in a falling market and I made good profits. Yesterday also I bought 5500 call and booked at 101. I have never seen any trader give a call/advise to enter the market with such confidence and conviction. Congratulations to you sir and God Bless.
John
thanks for DR & kumar for 5500 call,
Dear Mr.John!
Thanx for ur encouraging words. The success of my story is that i never follow others, i just follow my system....that gave me entry & exit properly. Thats why my PMS clients never leave me & i enjoy to trade for them. Good wishes of those also work in my favour, whom i try to serve thru my homeopathic knowledge. Discipline i learned from ILango sir only, he is the most strongest technical analyst whom i know in my life.
BNF todays high is 11726
OMG who did thisssssssssssssssss
New Post Done.
hi Kumar sir,
Saved lot of money on your words.... Thanks to you....
still holding one lot short in nifty. pls suggest to hold or book profit
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