Ours is not to question..why & How or attempt to attach any reasoning to the price changes but follow the prices..its pattern of making HH&HL or LH&LL.
A move past 5794 or 5821(80%retrace) would be an early indication of a much larger rally.(For BN, it is 11650)Market could pause around this zone..or simply push through if FII's inflow continues as it is doing currently.
We'll watch out those Hour TA in the afternoon session for any ST weakness.
30 comments:
good morning master,seniors & friends.good day to you all.
Namaste Master and all friends and seniors
have a very nice day
Elango
Nifty max. up side is 5758 (less than )it will end
WAVE B. Wave B retrace less than 75 % of wave A
( 5944- 5196)
Namaste Ilango sir and all,
The NS has just touched the trendline in weekly chart. In Longer perspective it has formed a symmetrical Triangle and a breakout would further decide the trend.
https://picasaweb.google.com/103973773349621758823/Jun92011?authkey=Gv1sRgCM7f6cuE2t3TGg#5626816867880046962
elango
in jan 2011 also Wave B also retrace 75% from 5690 to 5180
Elango
My price and EW count only Nifty Spot , please check
and suggestion to me
Namaste Ilango sir and blogmates.
LV
san,
78.6% would coincide with the falling trend line
at 5763.
So far no
move lasts for more than 3 weeks in the recent months
and we have completed 2 up weeks
and are in the 3rd.
Good Morning.............
open high same in NF 5760
@Hitendra
Today's weekly closing is important. Closing the week below 5700 may affect the weekly candle as well.
Good morning Sir and Friends
The Joker here is Crude Oil.
Nifty rallied because Crude fell from $95 to $90. And Yesterday Crude nearly went back to $100 and Nifty is still moving up.
gm sir & friends
sir ril manages to give a close above jnsar is it a buy?
gm sir and freinds
Good Morning Sir and blogmates.....
Opening session suggests of end of a 5-wave move along with ORB breakdown.
More conf. below 5700.
GM SIR AND FRIENDS,
I AM BACK AFTER A LONG BREAK DUE TO PERSONNEL REASONS.
have a profitable day ahead.
dinesh
sir ,
starting frm 5610 looking to me like 3rd ended
good morning sir and all :)
Alert - 5707/5702 SPOT breking downside is difficult. Let us see. Can't give follow up.
bye
regds
i expect nifty might touch 5877 levels next week,
then starts correction
@ PS,
A breach of 5711NF would negate your view.
Good Morning sir and Wariors
Namaste! I believe the journey up may continue in spite
of weekly profit booking.. (still it is ga ga) :)
sir,
3rd over. its free to correct till 3.1 ie 5662 ns, wave 1
is 5645 ns . 4th may take whole day and part of monday.
actually 3rd wave is showing clear 5 wave pattern so
i was counting it as 3rd . it has reached the return line
of the up channel so momentum only observing price is
strong. hence this view.
@ PS,
A small (i)st wave from 5611 to 5645; a huge (iii) to 5760; and to wait out the (iv) till 5645 is not a good trading strategy.
Better would be to keep 5686NF or 5675NS as a trailing SL.
New Post Done.
Namaste ilango sir and friends,
Today's quote received :
Often when we lose all hope & think this is the end,
God smiles from above and says, 'Relax dear, it is just a bend. Not the end. Have Faith and
have a successful life."
Gm Illango sir,
Sir can we say Nf complete its upmove at 200SMA(5740 day high)
Now a correction for this upmove takes place,just Like Bank nifty.
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