Monday, October 31, 2011
Nifty PreMarket View
A most likely close above MCEma @ 5247 today and a subsequent attempt @ MHEma+40-50points is likely in November as a minimum on the upside.Earlier resistances @ 5125-5165 would be the supports going into November. Hence, traders would find a 5125-5525-400points range which the option writers would love. This fits quite well with the EW possibility of a "B" wave unfolding once the current "A" is done..
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...
30 comments:
Good Morning Ilango Sir and Friends
Infosys chart Analysis: CLICK HERE
GM all,
Blog updated with weekly views. You know how to get there.
Best and Best of Trading this week.
Lee
Namste Ilango sir and fellow bloggers.
LV
Gap up morning to all of you...!!
Namaste Ilango Sir and all blogmates
on Friday DII sold for the amount FII purchased. both of
them have opposite perception on market.
best of regards
Good Morning and Thank you Master and Seniors for all your inputs and guidance.
Good morning All..
Good Morning Master & Friends
Good morning Master and all dear friends.
Vix range for nifty spot is 5302-5420 and hawala is 5229.15 nifty spot.
Namaste Ilango Sir and JN Family
Good Morning....................
Good Morning to all.
pivot: 5361.
s1: 5322.
High Ema: 5350. Low Ema: 5326.
pdd
gm.
I dont know much about currencies but something
happenning in USD/JPY and the dollar spiked today.
And I have no idea how this could affect Indian
markets but US futures are down 8.
@ pRABHA
Could u please explain me wat is hawala 5229.15 i am hearing this newly
5400PE volatility is 22. Nifty avg volatility is 33.
Good Morning Master and copy to All
To start the week on the lighter side (OTLS)
HOW I LEARNED TO MIND MY OWN BUSINESS!!!!
I was walking past a mental hospital and
all the patients were yelling 13..13...13..13...13..
The fence was too high to see over so I put my eye to a hole in the fence
to see what was going on. I was promptly poked in the eye with a stick
and they all started yelling 14..14...14...14...14...14...
HAHAHA DR sir...
N Cash is below
pivot, s1, H & LEma.
any guess?
@ Sree,
Please read about hawala at this link http://tradeinniftyonly.blogspot.com/2011/01/nifty-drifted-towards-50sma6020.html...
The easiest part of opening trade based on weak global cues was:
A sell below Day Pivot towards 10 to 20 points below HLEma.
Good Morning Master and all friends.
Namaste ilango sir and friends,
Today's quote received :
If you miss an opportunity, don’t fill the eyes with tears.
It will hide another better opportunity in front of you.
Some abc completing in smaller timeframes from Friday.
a=5385-5322, b=5322-5365, c=5365-5319 ( 0.618*a ).
@ilango sir,
About your note, is this a reliable trade most
of the time ? Below pivot to HLEma/S1 if global
cues are negative. And viceversa if global cues
are positive.
@Ilango
Would the possibility of a "B" wave indicate that
we are heading towards 5230....a possible rebuy zone??
If holds 5285-95 (OR 5318, current low), a steady rise to 200sma-5410 is possible.
Gm Ilango sir and friends!!
@ GD,
Even on Friday, market struggled to close above today's pivot-5361.
One should be glad that the "Pre-market manipulation" allowed for a open @ Day pivot.
These trades are valid based on situations. The overbought condition favoured such a possibility.
New Post Done.
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