There are ST averages in the zone of 4970 to 5020 which should act as supports.
Monday, December 5, 2011
Nifty, spending the day defending 50sma, closes above it again...
Nifty, having broken above "4910-4940" (made 4917 & 4918 lows for 2 days) firmly, has come into the middle point of the earlier trading band of 4910 to 5170. How it deals with 5170, with what kind of TA set up emerges at the time of attempts to move above 5170 will give us more clues.
There are ST averages in the zone of 4970 to 5020 which should act as supports.
There are ST averages in the zone of 4970 to 5020 which should act as supports.
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...
18 comments:
The major post as promised - Link
@ fire
nice observation
and most chances are there .long term MACD
already in bullish divergence.
regards!
NF O.I. just @2.25 CR, still room left for even positional O.I.addition…Nifty closed well above DHEMA, huge long addition in 5100 to 5400 CE, good unwinding in 43,45 & 4600 PE suggesting ..Nifty wants to go further up from here. Lead indicator and Hrly signals are suggesting some cooling off from here but trend indicator would be hidden signal…At present as Nifty is trading far away from even J10SAR, if profit booking shall be there even up to 4950 then it shall not be any big surprise... Let us see.
s price is below weekly and monthly JNSAR,
one should remain short. If I am not wrong. Master, Please comment
@ FIRE
" FIRE ANALYSIS" is excellent. If you can do similar analysis from the low of 4640 to current phase of movement it will be a great asset to the blog mates. I wish you have the inclination to do it.
Fire,
Good stuff. I left a comment on your blog also.
Some of my cyclic stuff also is projecting a bull move..I am however very skeptical..Maybe thats how this target will be achieved..Because we are all skeptical of it..I have put up the details of this analysis on my blog. However if anyone is going to read it,and missed my earlier 4-5 posts where I explained the method in detail(FLD cross based trades), then please re-read those. And then read the latest.
Best,
Lee
4800 -4740 may be the level for the reversal
Respected Ilango sir,
Many many thanks for your valuable guidance!
Warm regards
Ravi
Master,
I am honored by your visit and comment. It's every student's wish come true.
I will definitely keep your advice in mind. That's really the tough part as you said.
@Lee,
Saw and replied. Thanks a lot.
@Jayaraman,
Replied.
BTW, please keep the TF in mind. In the short term, it may be a nightmare for traders when Weekly & Monthly Positive Divergences and Daily OB and soon Negative Divergences get in conflict.
@ FIRE.
nice work out.
just have a look and please write back.
www.indiacharts.com/vwave/kfw.htm
totally different
dear Ilango,
could you please clarify "JNSAR" and how it is derived?
how is it different from SAR?
@Lee
Today I had the privilege of visiting your blog. I got
introduced to Hurst Cycles. My sincere thanks from bottom of my heart for this introduction I am amazed by your analysis during 2008 / 2009. Great effort for a Trader and Investor. My sincere thanks to Illango sir for having cream of technical student in his Blog. I am short of words to express my gratitude
Namaste Ilango Sir & Blogmates,
Consolidation after a 7% weekly increase, will the upside carry-on; Option Analysis for 05-12-2011
Duplicated at Wordpress Site
Thanks & Regards,
Sanjay Kr Jaiswal
Jayaraman, you are very right. this blog is wonderful.
Ilango Sir has produced many nice persons and still is
inspiring so many through his sheer love, dedication,
pursuance, perseverance, and many such other moral values.
Sir Ilango! hats off Sir! words fail me!
@fire,
nice article...& good analysis as u do always...
keep posting........
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