Nifty is in its 2nd corrective from 5382(yesterday's high), the first being 5630 to 5268.
1st corrective took 362 points.
0.618 times 1st would target=5158
Equality of 1st would target=5020.
If we consider 5459 as the commencement of the 2nd corrective, the targets would be: 5235(Done yesterday) and 5097.
Nifty, after failing to hold the earlier cluster support around 5323-52, has entered next cluster zone @ 5217-5077, a fairly large zone wherein lies 5055-100sma;5135-50sma;5169-200sma and the 50% retracement @ 5081.
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...
36 comments:
Good Morning Ilango Sir and Friends
NIFTY and USDINR Charts: CLICK HERE
Good Morning Ilango Sir and all. Sir,among the 50,100,
200sma which is the most important sma from trading
perspective and why?. Please explain.
Thanks
Good Morning Master & Friends
@SANPOT,
Trading perspective: 50dsma
Trending perspective: 200dsma
Good Morning Sir and Warriors
Namaste Master Ilango and all friends
May the Lord of the universe grant us mental integrity to prosper!
have a nice trading day.
Ilango Guruji, Namaste, GOOD MORNING to YOU & to all members of JN family...
i would like to ask a question.. which combination of oscillators can be effectively used to detect trend reversals ? if i am using hour data do i need to use a larger value of oscillator than when i use the same oscillator on day time frame to find the reversal signal ?
Namaste Ilango Sir and fellow bloggers
LV
Good Morning Master and copy to All
http://www.firstpost.com/wp-content/uploads/2012/03/SADINVESTOR1.jpg
Good Morning ALL and MASTER.
Todays Quote Received :
It doesn't matter how many resources you have. If you don;t
know how to use them, they will never be enough.
Have a nice day.
Namaste Ilango sir and all,
Nifty harmonic CHART :
Click Here
NIFTY DAY chart:
Click Here
HOUR CHART UPDATE:
Click Here
20 Hr MA 50 Hr MA 100Hr MA 200Hr MA
5,316 5,343 5,434 5,355
5,311 5,339 5,433 5,355
good morning sir and blogmates
Thanks BUZZ.
GoodMorning Sir and All
USD-INR near to 0.382% retracement level.
Namaste Ilango Sir and JN Family
Good Morning Master and Seniors for all the input and guidance.
बैंक निफ्टी ने दस हजार तोड़ दिया
http://www.moneycontrol.com/news_image_files/pranab-da-mukherjee.jpg
Good morning guru dev and friends
gm master and all :)
any takes 267/88???? don't hv much time
hv a good day
regds
Good morning ☺ Ilango Sir and all blog mates
5184< ORB >5213 (NS)
5210< ORB >5244 (NF)
Found support @ 5175-95 zone and moving above ORB high- for the intraday trade.
sis
im taking :)
an imp piece of news what i feel when our market will be closed in holi. copied frm
state of market blog
--------------------------------------------
It’s Greece again. There was renewed fears about a disorderly Greek debt default. Though parameters of the deal had been almost entirely finalized, there is still lots of questions on whether bondholders will agree to it. The deadline is Thursday at 8 p.m., London time. Only 20% of bondholders have agreed thus far
5200 put OI is still increasing... still they are not in
mood of short covering.
Good Morning................
Good Morning Sir and friends,
"LAAL" aapke gaalo ke liye,
"GOLDEN" aapke baalon ke liye,
"NEELA" aapki aankhon ke liye,
"GULABI" aapke hothon ke liye,
"PEELA" aapke sapno ke liye,
"SAFED" aapke mann ke liye,
Aur
"HARA" aapke jiwan ke liye,
"HOLI" ke in "RANGO" ke sath aapki "ZINDAGI" bhi rangeen ho...
isi aasha ke sath aap sabhi ko "Happy Holi"...
http://nnumbergame.blogspot.in/2012/03/happy-holi.html
forgive me for using caps...:-)
Thanks
Master ilango, GOOD Morning
master with reference to ur 16feb post ur EW chart and
ur thoughts still the same or is there any change in the
pattern.would love to hear from u on the same.
regards
@piyush
Thanks...for the news...
IF and when time permits
sorry to mention that
to ilangosir,
sir can we say that on daily time frame 4 wave in form of a-b-c correction is over
@ Parminder,
No change in that view.
It is either 50% retrace at 5081 OR
2-3 days of close below 50sma...then we may change our view to a "Bearish" one.
Presently ST bearish.
@anil
my pleasure
ok Master thanks for ur input
regards
♥♥☺☺
New Post Done.
5200 Put OI now started decreasing from its high
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