If it is an "ending diagonal" from 5386, the bottom should have been in already & if not in the opening session around 5155(MEma)-5165(S1) and it should reverse to clear yesterday's high of 5237. That is not asking much from the bulls.
For Bears, the weekly trend, Day trend favours continuation of downtrend and break of 5141 would add to their "might".
48 comments:
Namaste Ilango Sir And All.
Friends today
is expiry and lets have a contest here.
March Nifty Expiry Guessing Contest.
The rules are simple- There are only 3.
a) Just call out the series close for march
b) No wild guess. A reason is must. Everyboday must give a expected close figure and reason for that.
no range (4000-4050) ,only one figure e.g.4000
c) You need to do it After 9.15 today and before today 2.30.
Seniors plz contribute.
good morning master and blogmates
Namaste Sir Ilango and all friends
May the Lord grant us all strength to withstand changes of life
Good Morning Ilango Sir and Friends
Nifty chart analysis: CLICK HERE
Good Morning Sir and Warriors
good morning sir and blog mates
Guruji Ilango, Namaste,
GOOD MORNING to YOU & to all members of JN...
this downtrend should bottom out at 5070-5090...not necessarily today....but it may stretch till tomorrow first half....sgx nifty is trading at 5147 ...and i see minimum 60 poits downmove still left...after that i will go long we have soe good wolfe wave targets to catch ...on the upside first target shhould be around 5350....
5197
Namaste Ilango Sir and fellow bloggers
LV
Pranams Sir,
Good Morning to All.
Thank you sirs.
Master ilango and friends,
good morning to all
Good Morning Master & Friends
Good Morning All
Please help me to understand Nifty pre open price ?
nifty: pre-market:minus 199 pts
Ilango sir, mynac and frnds...
y'day there was 29 lac addtion in NF while NF climbed down from highs and there was massive addtion in 5300 CE and 5100 PE. so, bottom and high is already in place for this series. Importantly, we might not see much of the upside given the writing in 5300 pe and downside is very well protected and hence the new low seem to be fixed.
lets wait and c...as mynac says, market is supreme !
your comments and other expert comments are appreciated.
good morning sir and copy to all
Sir what will be the conformation for reversal
thanks n advance
Weekly s2 at 5115, weekly mid BB at 5094, so my expiry guess is 5105.
Good morning ☺ Ilango Sir and all blog mates
5139< ORB >5164 (NS)
5145< ORB >5160 (NF)
@jignesh,
Markets in march have both kept bulls & bears at bay, RIL will make sure markets dont tank beklow 5100, so i think mkts will let teh suspense continue and my bet is we close dot at the 200 DMA.
so my vote for expiry end is 5151
who covered at 5140-45 ???
Raise your hands.
My expiry guess is 5205.
Reason: FII has written lot of 5200 puts this series. Despite badly beaten by DII in this series,
They will defend 5200 on closing basis.
Nifty has, presently, stopped at 5140.
A move above 5186 would be the 1st sign of strength.
Move past 5205-10 would add to it.
Inability to stay above 5154 would signal larger weakness/ corrections.
Ilango Sir,
As 5141 broken, can we resell @5195/5213 Day/week LEMA
regards
GM master, senior & blogmates
Master Month ema is 5168 Will market try to close tommorrow
above it To keep month uptrend intact?
@ Ilango Sir - when you mention "Inability to stay above 5154 would signal larger weakness/ corrections.", does it mean staying above that level on a 3 min chart?
Good Morning......................
@ Bharat,
Now watch if it moves above 5164.
@ Ilango Sir - Ok. Thanks.
nifty near 50points down but slow stoch is not falling in
5min charts...any reason plz...have not seen this type
in gap down
Weekly S2 is at 5115 and Daily S2 at 5133 so my guess is 5125.
Bought Lottery tickets at Rs 7 (5200 CE) Lets see what comes
in draw.
@Pankaj,
You mentioned something abt bottom on monday, can u repeat that and view for april
retracements of fall from 5204 to 5140 are 5155/5165/5172/5180/5191
Mr.SACHIN: Please...
DLEma:5177; HLEma:5172 - mild intra day strength only above these.
Yes Prabhakarji??
Thank you Mr.Sachin.
gap down break the KEY SUPPORT of 200 DMA's...Could not have been scripted better...now this broken support must become the wall of china and provide strong resistance...no intra trading today and will post my views EOD..happy trading!
Hrly closed below 200 DMA
Expiry Day, First 45 minits of Morning, Nifty trading range 18 pts, Is it possible NFTY will trade in this small range ? No way....
@Sujatha Ma'm: last month's winner: Your levels of expiry & reasons please ..
New Post Done.
Morning Illango ji & JN Family,
5084 / 5133-5160 r support zones.
34EMA, 30mins @ 5207.7 is far away from CMP,
Nifty ji, namra vinanti : pls make it interesting today :-)
cheers
cheers
My Expiry Guess is 5200.
REASON:
1.Taking Support at 5141 master said in premarket.
2. Day Support2 5133. opening is below s1 and taken
support at s2 it will retrace to pivot(ref:Pivot stat).
3. 21hrsma is at 5207 range right now for resistance.
@Sir And Seniors.
if i am wrong in reasoning. Please clarify to me.
Expiry guess 5214
the first swing down from 5624 top to 5165 took 13 days....todays the 12th day of fall from the other swing high ....fall could be stretched till tomorrow...taget 5080 in NS....
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