As per the bar chart, the "iv"th has ended at 5331 of yesterday. As per the line chart, the larger ivth is likely end @ 5350-5365 zone. The former gets confirmed with a swift move below 5296 in the opening session. And the later case will be updated as the prices unfold.
69 comments:
@Ilango,
Good Morning. What a turnaround. Yesterday nite, Dow was down by more than 200+ and today morning SGX is up by almost 20 pts. Looks like yesterdays Bullish Engulfing is taking Nifty up albeit temporarily
good morning,sir,seniors & friends.
Good Morning Ilango Sir and Friends
Line charts of NIFTY and BANK NIFTY: CLICK HERE
Thank You for your charts.
Can you give us an idea what sort of price confirmation
is required today for yesterday's Bullish Engulfing
pattern to remain valid ?
@nifty
Confirmation for Bullish engulfing as i read
"Bullish confirmation means further upside follow through and can come as a gap up, long white candlestick or high volume advance."
Dear Ilango,
JNSAR SL mentioned in TT is 5363 whereas in trade table it is mentioned as 5383. Which one shall we take.
Sunil
Namaste Ilango Sir and all friends.
@San a big turnaround it was unexpected also
SGX Nifty is +35. we expect a gap-up opening today.
Thanks San for your charts
sir GM, JNSAR in Trade table is wrongly shown as 5383, it should be 5363
LOL. Nifty is trading 75 pts down in Pre-Market. Bunch of Jokers.
good morning Ilango sir and friends!
Happy Trading! :)
GM All!
EGOM meeting today deciding on diesel and LPG
@ Sunil,
Keeping the bearish scenario intact, Nifty could rally higher towards 5400 in a day or two.
As long as it stays above 5300-5315, such a rally is possible.
Earlier supports of 5350-5365 is the immediate resistance. I have given a filter of 20 points.
Alternatively, go long at the open with a SL of 15-20 points and if JNSAR triggers, hold the same & raise the SL. This is the most practical strategy.
Hour TA is up. But a threat of sudden reversal from 5365-80 zone possibility exists.
Hence, trade with strict SL and do not hesitate.
Leaving the world mkt aside, Nifty's ST TA was up & stopped exactly at the res. of 5330 but didn't break below 5296(last hour low). A move past 5330 will continue the "UP mode".
Watch out the 5365-80 zone.
thank you Ilango sir for clarification
gm sir and freinds
@Cooldent what would be stoploss for BNF
Namaste Ilango Sir and JN Family.
Dear Ilango Sir,
Thanks for providing the labelling of iv wave.
@SAM. 10700 hrly closing?
Namaste to everybody
LV
Goodmorning sir and all :)
Direct hit JNSAR. Dishyummmm, Dishyummmmm punch on bears by bulls :P
Good morning Ilango Sir and all
Thanks Cooldent.
Sujatha ma'm sounds happy... Good for her...
More pain to bears or any hope left for bears?
Good Morning everybody!
Added more shorts in Bank Nifty future @10680 & spot Nifty @5375. Its wonderful risk reward ratio, if stop loss hits after hourly closing then accept it. Its market & can suprise anyone but as of now looking overbought on hourly.
Rgrds,
Kumar
Namaste ilango sir and friends,
Today's prayer recevied :
O Lord, make me an instrument of peace;
where there is hatred, let me sow love....
where there is injury, pardon.....,where there is doubt, faith;
where there is despair, hope.....,where there is darkness, light;
And.......where there is sadness, joy.......!!!!!
Kumar SiR,
What is sl fo BN?
@real pilot. 10700 hrly closing
ORB too on upside...
Hi, I think that since reliance has started tanking, we should soon see Nifty follow suit.
kumar sir... ur stop loss in NF??
5387 70 hr EMA last hope for bears....let c...
@Ravii ,
Meeting by what time?
@neha. or may be reliance will start climbing and nifty too?
cool 100 points in BN option
First time traded BN CE option 10500 wala
BN option very low vol u can see ur order on best 5
the moment u key in order automated system will
will key in price .05 point more than you if ur lucky u get
best price
@DR. Yes. and so much diff in buy and sell price
Sir,
If 5377 not holds more downside possible??? this is upper channel line of 5 months eod chart. What EW says?? and 10 am close below JNSAR is -ve am i right sir??
Thanks in advance.
@Cooldent hourly closing on 10Am ?
@ Cooldent, I think In RIL too, the C wave has completed a set of 5 and then started tanking so abc coorective is over, I doubt that it will climb above todays high now.
OOps. 17958 taken out upside then 18017/48 on cards in sensex will decide Nifty
Gud Morning Ilango Sir..and Frnds...
Nifty Tips and Stock tips
Yesterday I made an observation each Hourly closing is
above 5 hema. and the result is seen in the morning.If
10'0 closing above 5325, then the reversal has taken
place for short term. I will not short above 5325.
the power of JNSAR is just bulldozing everything on its way... kudos to you sir..
Alisha Jain
who is ur friend here?
can any one update agni level
@DR. lols
@Sam. Yes
@Neha. thanks.some relief for me. on the short side
Ilango Sir, Fire Sir,
Do we relabel this as X wave now? How much can it go? Is there any guideline in Elliot wave for X waves?
5383 also crossed..
All shifted to longs now?
Good Morning Sir and Warriors
sir
jansar trigered stipp losss???????????????????????????????
Sis suj GM
I know u threw my 10800 BN Fut chart in recycle bin yesterday
and now ur searching it :D
just few points away from tgt
due to bearish sentiments of all I took only CE option :(
I converted my 5300 call in 5400, which i bought for hedging yesterday. Sold 5300 @110 & bought 5400 @40. Hedging shorties, dont worry anyhow....we are fully covered but naked shorts must use stop loss of 5375 spot in hourly closing @10am. Cover Bank Nifty future if closes above 10700 @10am & sell again if breaks.
Kumar,should bn shorts be closed
Good morning all.
5399NS breaking seems difficult.
Kya se kya ho gaya dilruba tere pyaar mein, morning morning good morning punches to bears.
Longs Beware EGOM today.
DR-ji - OMG...no never..yesterday also i told u sir i dont hv guts to hold i got down early if at all i know 563 will come :P what a movement in BN :P done one good thing i closed my shorts becoz nifty roaming around weekly CAM L3 that saved my loss :) and i arrived figure of 5420 on nifty.. but confused scare to post my "views" here and not initiated long also
bought a single call of 5300 @ low hehe now sitting ideally watching and waiting for hawala rate 5412
Closed shorts in BNF
Ilango Sir,
61.8% retracement of the fall from 5520 to 5198 is 5396 in which case it is still the larger ivth... is that correct?
New Post Done.
आज की बन गई दिहारी
sujata iam holding 5400ce wht wull be your tgt
http://www.4shared.com/photo/cgtdm2vz/NFMOBEOD24062011.html
http://www.4shared.com/photo/aGwfaxwM/NFEWEOD24062011.html
http://www.4shared.com/photo/DJT7V4dc/NFAMIEOD24062011.html
Dear all,
We crossed high of inside bar, with Gap up, this is
bullish if we hold it. I am now long only in rest
25%, booked 25% at 5490, now SL remains 5355 for
rest of the day.
sustaining above 5360 will TGT 5414 weekly pivot
(Hawala-5412)
Watch out today pivot 5304.1 and 5404 is good area to
short for 5393.4, 5376.7, 5349,,,,
Can anyone confirm that shorts should shift to longs
now or can hold further?
Dear Ilango,
I had gone long at 5300 yesterday as per your rules of trading.
I have booked partial profit of 100 points. Holding the rest at cost.
Thank you
John
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