I have covered "9-Rsi" today and it has been found to be quite reliable.
Wednesday, June 29, 2011
Nifty PreMarket View
We have spotted the "Hammer pattern" yesterday; Now for a follow up on it today. It could gap up, move higher too but the close below the open as well as below yesterday's close would alone qualify as a reversal. Till then, "Hammer" represents some "Selling tendency" in a supply zone.
I have covered "9-Rsi" today and it has been found to be quite reliable.
I have covered "9-Rsi" today and it has been found to be quite reliable.
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:
sir,
good morning & have a nice day.
sir,seniors & friends,
good morning & have a nice day.
sir,
what is " 9-Rsi " chart.where can i find details of
the same?
nice
@Ilango Sir,Why there is a large difference between JNSAR in third table is 5430 and in first table it is 5372.. Sir Please guide? As per your formula which is original one?
Namaste Ilango Sir and all friends
Namaste Sir, And all Seniors
where is everyone today?
@Ilango, The SHORT-TERM Elliott wave labellings seems correct as most of ur trades.
If possible, can u label the upmove frm 24 oct 2008 to 5 nov 2010.
& frm 4jan 2008 to 24 oct 2008... i.e. all long term counts as 5or3 wave move.
It is still not possible for me to count 5 wave upmove frm
24oct2008 to 5nov2010...so, if anyone can help then i
will be thankful to him....
Goodmorning sir and all
NAMASKAR SIRJI,HAVE A GOOD DAY.
Namaste Ilango Sir and JN Family.
Hi Sam,
I had asked a similar query yesterday. What Ilango has suggested is that if 5430 comes, we short with a 20 point stop loss. If Nifty continues to go down, and reaches 5371, then we keep a stop loss of 5391 (20 points above 5371).
Regards,
Amit
gm sir and freinds
Namaste Ilango sir,
@SAM,5371 in JNSAR daily row is what may be termed the original one..
sir might have changed in the Trade table so that profits may be locked in....
Sir and all GM :)
sir - y u hv selected 9 RSI today, not 35 hr?? any specific reason technically. just for education purpose. at ur free time pls.
tks n advance
regds
Hi
Today Open & Low of Nifty spot is the same. Observations from the past suggest that we would close in the positive today.
Wanted to share the above with you.
Regards,
Amit
Good Morning Master and copy to all
Keeping the faith in JNSAR will make you rich slowly but sure
Choice is yours 4800 or 5800
Paisa aapka choice bhi aap ik :D
Hops = Amit Gulati ji ?
Thanks a lot Hops and Nifty Futures for the explanation.
Nifty Intraday update: CLICK HERE
Dinesh Bhai :) Good morning!
One request please ... please remove the "ji"
Warm regards,
Amit
Namaste Ilango sir and friends
LV
Good morning Ilango Sir and all
@ Sujatha,
9-Rsi has always been part of our "JustNifty TA" file but was ignored mostly.
When Nifty was stalling at 5250-5300 after the flash low of 5196, this indicator was suggesting "Oversold" and subsequently moved high above the 20 mark.
The Hour too displayed steady uptrend.
You will be amazed to read the "fast macd" hour chart since the low of 5196. It displayed +ve div and once triggered, it never touched the trigger line till 5558 high. It may be developing -ve div in this upmove to 5590+
"(iii)"rd of this "v"th may have been done and few hours of "(iv)"th may be on.
Good Morning Sir & Friends....
Namaste ilango sir and friends,
Today's quote received :
Begin difficult things while they are easy. Do great things while they are small. The difficult things of the world must once have been easy. The great things must once have been small.
A thousand mile journey begins with one step. Start today.
Good Morning..........
Êkla Chôlo Re Walk Alone is a song written by the Nobel prize winning poet Rabindranath Tagore
http://www.youtube.com/watch?v=Pmzvr3aZXQc&feature=related
http://www.youtube.com/watch?v=W4AS9bMK5eo
goodmorning sir
Namaste Ilango Sir n Blogmates!!
Sir have not initiated any profit booking in longs as yet.
Does today's low in NS @ 5566.5 (-10) qualify for an
aggressive TSl ?
Please advise sir.
Sir technically 5605 would not easily surpass but when we read market Psychology now everyone in strreet knows that 5605 is good rsistence and market always go ahead of everyone's expectations.
hello sir i am sushil patel.i am doctor by profession
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