JNSAR is 4721;
Weekly Pivot is 4730;
J10SAR is 4737;
Moving above DLEma while holding 4590, Nifty has come close to DHEma. ST UP Momentum returns only with a close above DHEma. How Nifty deals with the multiple resistances @ 4700-4740 and whether it is able to hold supports of Pivot-4667 & DEma-4665 or drop to 21Hr sma/ DLEma(4620+) would decide on further upsides.
If "b" wave is ending/ended near 4720, then a downmove should unfold. This will get negated above 80%-4762.
And VIX range is 4625 to 4760 for the day. EOD OI suggests huge unwinding of 4600CE and some addition in 4600PE suggesting a ST supports building closer to 4600 while a continued addition of 4900CE becoming resistance for the series. If today's EOD OI favours similar trend, it would then favour bulls. If not...
There is a midpoint crisis to be dealt with.................
Arriving @ DHEma with weekly TA down would invite bears..........again.
30 comments:
Namaste Sir Ilango and all friends
May the Lord give us peace and prosperity at this blog!
have a nice trading day
Good Morning Ilango Sir and Friends
Nifty Resistance levels: CLICK HERE
Good Morning Master & Friends
2-3 MORE TRADING sessions above 4640 and crossing 4718-4740 will be good for bulls for short term is it ?
Namaste Ilango sir and fellow bloggers
LV
f bear have to controll market again the break 4612-4620 then we may see again down move i am right ?
Good Morning All
Have a wonderful day at the markets
Happy Trading
Namaste Ilango Sir And All.
Inspite of knowing the rules of the game when we trade with JNSAR, the doubt in people's mind is highest whenever Nifty is hovering close to JNSAR. We fear a whipsaw, we fear taking losses, we fear being on the wrong side... and all these after, after having seen how rewarding a JNSAR trade becomes once we are with it.
The rules have been laid down again and again by Ilango Sir and our seniors... and we still have questions, doubts. Please do not misunderstand my intention, I am also one of those who is understanding how to trade with JNSAR.
Today again there would be people who might have the doubt and I would just copy a section from my notebook that I've picked up from this blog:
Why traders get emotional and not able to follow through their plans?
The answer is quite simple.
When you make your trading plan, you use your brain. When you start to execute the plan, implement your strategy, leave out the 'thinking'... leave out your 'ego'... Just do it. Using your brain unnecessarily you end up a loser... and you have also seen many messing up their trades despite knowing fully well what should be done.
Now try this: Without using your brain, simply execute the trades. Wait... wait... not just yet... wait for those "good trade setups" to emerge and then start trading.
With this knowledge that trades are messed up when we start having "opinions" of what the market will do... and this fear holds you back from doing the right thing.
(read fully on the 24th Nov posts, not sure which one.)
I forgot to mention, but its quite obvious.. this guidance is from none other than our Master.
a gap down opening is a possibility
Good Morning Sir and all blogmates.
Thank you Buzz. That was reassuring.
Have a good day.
GM sir and friends
master ilango and friends,
Good morning to all.
@Ilango Sir thanks a lot.
good morning,seniors..
Namaste Guruji , all seniors and friends
GM All
Good Morning Sir & friends,
today pivot is 4667.
s1 4628 & s2 is 4562.
GM Everybody,
More than 3lac O.I. addition in 4500PE in just first 20
minutes trades when biggest intra day cash volume is @4666,
which is almost DEMA and Nifty trading below the same,
nevertheless,it will be interesting battle today as usual.
Mynac,
What's your view for today in lvl form?
Mynac, you mean support building around 4500 and nifty possibly heading there?
Good Morning................
sir,
from 5400 down it was a clear 5 wave form with extended 3rd. then rally to 5099 and decisive break of 4374. if we label 5400 down we can label as zigzag(as i see it).
however u have removed 123 labels and put as abc.
as per rules of ew ,what structure are we following frm 5400 as u see it..
Dear Hitendra,
Consistent trading above 4655 ... Nifty likely to show
new top,and below 4655 probably it would test Dlema.
But now when NF O.I. has come down reasonably well,
the selling would be absorbed easily. Let us see.
Please read "Nifty likely to show new top," FOR A DAY.
THANKS MYNAC
Namaste Ilango Guruji, Good Morning to you & to all fellow blogmates...
good morning sir,
i have question c wave can not be 3 wave it shouldalways
5 waves sir is it correct? or i did not understand counting?
Regards,
Nirav
New Post Done.
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