Above "5550" upto 5610 has been a upper selling range on many occasions in the past. "5659" is the Monthly Ema and only a close above 5659 or a breakout above 5700(approx) would reverse the downtrend. The current upmove is viewed only as a relief rally., nevertheless a rally to be part of. "5471" is the weekly ema to be protected on weekly basis(4 days to go).
A likely "5-waves" get completed in the region of 5565-5605 and a correction may emerge in a sideways fashion. As FII's have been big buyers and the settlement seem to favour Bulls, the correction is considered to be part of the uptrend as long as 5480-5505 is held today.
26 comments:
good morning & good day to dear sir,seniors & friends.
As you said if this to be 5th wave that completes near 605 than correction may starts...What wave will be act in such time and the sideways correction range can you brief me approx.?
Good Morning Ilango Sir and Friends
BANK NIFTY and SBI Charts: CLICK HERE
Namaste :)
Namaste Illango sir and seniors
Namaste Ilango Sir and all friends.
Please very kindly teach me what is SAR trading.
Failed patterns often give good trades on the opposite side. We had a big head and shoulders failure in ONGC: CLICK HERE
Nice chart and explanation San. Thanks a ton
Thanks Cooldent
Namaste Ilango sir and everybody.
LV
Good morning Ilango Sir and all
Namaste ilango sir and friends,
Today's quote received :
Two thoughts decide the progress in life....
The way you manage when you have nothing in hand..&
the way you interact when you have everything in hand....
If you are right then there is no need to get angry.....
And if you are wrong then you don’t have any right to get angry.
Namaste Ilango Sir n Blogmates!!
On my odin, things moving at snail's space, anybody from
Bangalore on Airtel Broadband also facing same problem?
Please inform.
im book my full profit in 5550 level yester day now waiting for another re enter level???????????????
@snebull. Usually u book part profit and then carry the remaining till jnsar reverses. Now wait patiently u will get levels to renter.
im first time follow these levels so some some fear so im book full profit,,,,,,,,,,,
realy im read this blog more than 3 years now im got some money so im entere tis is superr dear
any re enter buying level if u can suggest .....
nifty took support twice at 5521. re- entry level into longs for intraday?
Good Morning......
BNS,
from last few days my airtel broadband is getting disconnected very often.
@snebull. I think 5480/90
gm sir and freinds
I too think once 5513 nifty spot break then we can see 5480 to 5490 level too...as 3rd -ve divg on 5 mt chart.
As long as Nifty is closing below HHEma, it is trading time with 10-15+ above HHEma and 10-15- below HLEma or near DHEma.
New Post Done.
GM to Master and copy to all
Natti said...
BNS,
from last few days my airtel broadband is getting disconnected very often.
Check device on other system if device is Ok
format ur system :D
Guys having problems with internet connection can try restoring there system to an earlier restore point. Sometime some windows auto updates fail to configure properly and cause such problems.
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