What can spoil the bear party is close above Low emas, especially the WLEma which would keep the sideways mode on.
The chart below has been added with "quantum of falls and rises" to understand the tendency of the market as well as to choose the more beneficial direction. During the last fall from 5382 to 4639, the biggest drop was of 215-239 points. If similar trend unfolds, "4860" or "4884" is a point from where a 75 to 89 point rally could unfold. This coincides with our 1st support.
A caution here: If this fall is part of the "C" wave down, the intensity could increase compared to the last one. Besides markets behaves differently each time due to changing T/F set ups.
41 comments:
@GM to all Blog Mates,
Yesterday after market closing hour posting,Illango Sir taught me about interpretation of Evening star. It is one of the good teachings. I request you all not to miss it, since the posting was done @ 23.00 hours many would not have seen it.
Good Morning Ilango Sir and Friends
Nifty Analysis: CLICK HERE
Namaste Ilango Guruji, Good morning to you & to fellow blogmates
Namaste Ilango sir and all,
Sir - yesterday night when I prepared the writeup for my blog (posted today) - I was skeptical about the possibility of C wave beginning - But now I am clear!! Thanks sir.
Possibility of an Island reversal pattern:
Click Here
This pattern will be valid only if the Gap is not closed. Once the Gap is closed NS would start moving in the opposite direction.
For details refer - http://thepatternsite.com/islandrev.html.
GM Master & to all my friends & seniors.
I had mentioned that once nifty broke 5005, it would not sustain
4900 this time which may be proved today since sgx nifty
already broke 4900.
I will now be looking for a small 70-80 pt bounce as
Master mentioned ~4850 levels.. which I believe would
co-incide with the lead indicator chart of oversold levels.
@Kumar Sir: ZBlog not updated since 2 days. :(
Kindly update.
Namaste Ilango Sir And All.
gm sir and all
Thought away from Nifty..
Hold Gold coz Gold is Hot
32-35k looks very very possible not this month but sooner than later.
Good Morning Sir & Friends
Technically
Gold is selling off from a major resistance in global market 1750
but this is all poised to be taken out..
Namaste Ilango SIR and all good friends
May the Lord of the heavens and earth grace this blog
with peace and tranquility
best of regards to all and best wishes
Good Morning JNindia
rupee is looking so scary ....
Good Morning Sir and Blogmates.
santej,
please advice which site you are tracking rupee
Goodmorning Ilangoji and friends.
"Do not look for perfections in the market. Mkts are evolving. What is essential is the "message of the market" with these patterns. And when you do get perfections ( as the golden ratio of 07th Dec), do not miss them."
The Golden words of Ilangoji yesterday. It is time these green boxes can be converted to GoldenColourBoxes, as Ilangoji's words are GOLDEN as always.
Namaste Ilango sir and fellow bloggers.
LV
@all
Gap down and JNSAR triggered, i use ORB to reverse my trade in nifty and banknifty both
Sonia Gandhi born on 9th December 1946 is going to enter in her favorable 66th year today. Last year was not good for her as she under gone thru surgery and govt. & her party too was on back foot due to 2G scam and on other issues. Now her 66th year will be good for her to reply back all her oppositions.
Being a Sagittarian her personal element is FIRE (hot temper).
She is no.9 which gives her more energy than any other planet, and at this age also she is working more than any other party leader and infact more than her son also. Her lucky nos. 3, 6 & 9 and being in the 66th year she will rise upon all the problems within the party and govt. She has been elected Congress Party leader in the year 1998 (9).
Thanks
Goodmorning Ilango sir and all .
@SAM
posted one comment in Data feed section but didnt got reply kindly check.
Thanks
Waiting for the 4850 thin ice to shatter.
GM Ilango sir & all blog seniors
i m just making myself educated through ur write-ups
thanking you all.
@KZ
i track it on moneycontrol.com
i guess if ns takes support near 4842-4820 range
then another rally towards 5100 is possible again in next week
GM sir and all :)
4sure - then i am the happiest person, but "my own level" should protect.. no secondary thought
4916 now the resistance ....
We can buy now with 4800-4780 as SL
Tgt 5200 in dec.
Sorry Nnumber Game ... will check and reply you.
@Ilango Sir Hats Off to you ...for Morning Numbers.
what a rally in BN
4916 in ns and 8900 in bank nifty may be res
Euro news coming out.. be carefull with shorts.
sir,
60 points done on the pull back 4843 to 4903
New Post Done.
bank nifty and IT index resisting at
200mema in 5 min intraday charts..nifty main baaki hai
near 4916
@elango.
the analysis given are of great help. this blog provides
a simple platform for nifty traders.
kudos to elango the master .....nifty ki baaar baaar jai jai
kar.......!!!
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