Nifty, breaking below "5170" at the open with weak TA & -ve global cues gave the indications of "sub-dividing "3"rd wave.
Below 5081-50%, it is set for 4951-61.8% and looking at the weakening technicals, it would reach for 4800 in May(once 4950 gives way), having resolved to downsides after being in a "sideways mode" for a long period of time.
Each wave within this 3rd wave seems to be sub-dividing and hence utilise every bounces to "sell" and if you are inclined to only buying, then wait for the downward momentum to show weakness with a close above DLEma & the week's also.
Big gains are made by "sitting tight longest", especially in downtrends.
Each wave within this 3rd wave seems to be sub-dividing and hence utilise every bounces to "sell" and if you are inclined to only buying, then wait for the downward momentum to show weakness with a close above DLEma & the week's also.
Big gains are made by "sitting tight longest", especially in downtrends.
29 comments:
Namaste Ilango Sir & Blogmates,
Bears stamped their authority and how? The OI Table looks dipped in Blood; Option Analysis for 04-05-2012
Yearly, Weekly & Monthly Profile Charts and Values
Duplicated at Wordpress Site
Thanks & Regards,
Sanjay Kr Jaiswal
Good Morning Ilango Sir and Friends
Nifty Testing the Channel breakout: CLICK HERE
Good Morning Master & Friends,
Namaste Ilango Sir And All.
@Illango Sir...if u see 2003-2004 charts we are following a similar chart...after a slow correection in whole of 2003....we reaches a Wolfe wave target in 2004...then started corection forming lower highes like a triangle.....breakdown saw a sharp collapse....something very similar is repeating....also Jan-feb rally was not good with plenty of Gaps...do u think its possible to close that GAP at 4640??
Namaste Ilango Guruji,
GOOD MORNING to you & to all fellow blogmates..
Namaste beloved Master and all friends
May the gracious Lord bless us all !!
have a nice trading day
Good Morning Ilango sir and friends.
May god bless all for a profitable week ahead.
Good morning Master and all JN friends
Have a Great Learning and Earning session.
Good Luck !!!
Good Morning Master and all blog mates.
jonak said...
..also Jan-feb rally was not good with plenty of Gaps...do u think its possible to close that GAP at 4640??
What do you think about of the gap created by the election
results it close may concide with by the fall of the govt.u
GM to all
@ PS breakdown from the hawla was great already 172 point as per opening ticks
Master,
As nifty has comfortably broken 5077 and trading below
it, can we consider the alt. bearish scenario C in play.
Good Morning sir and all blog-mates
GM SIR and JNFAMILY friends.
Today's candle is open and tradins outside BB. Nifty should touch BBBOTTOM 5127 to continue downtrend on daily chart
@ ilango ,
I would appreciate if you can just at anytime during the
downward phase warn of possible trap most times what i hv
seen is people make good gains during the fall but somehow
a sharp reversals gets caught by surprises and erases of gains
sometimes overnite markets make a sharp dead cat bounces
when u r holding short...
Gm sir and all friends
@ Lakshmi216,
With higher T/F trend turning down, such a possibility increases.
Below 61.8%, we should look at it aggressively. But break of 80% gives it more credence.
During all these views getting validated, you're in "sell mode" as per TA & JNSAR.
Pranams Sir,
Good Morning to All.
Ilango said...
@ Prabhakar,
"Part booking" has to be individual's choice.
A 50 point bounce would make us feel regretful of not having booked earlier and sometimes a continued 100 point fall too will have the same feeling.
Now that 5077 too is broken, Pivot table has "5063"(for the day) as the next target & then 5036.
May 4, 2012 2:43 PM
thats why sir u r great we should search only
green box. u told & happened. saluate
Good morning ☺ Ilango Sir and all blog mates
4996 < ORB > 5021 (NS)
5013< ORB > 5029 (NF)
@ Billgates,
I wish I knew the future as you seem to think.
All I could say at this juncture is that having more than 2 lots lets you part book at various critical points or lower T/F(Hour) showing +ve div.
Risk of losing part of the profits forms integral part of "trailing SL for positional trading".
The trade got initiated only a couple of days ago. Today or tomorrow would provide a "part booking points" due to oversold ST.
Good Morning....................
Good Morning JNFAMILY,
Have a Prosperous Day.
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JNSAR
JNSAR- a SAR Method
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Market Wisdom
Camarilla Key Levels
Opened Below L4.
Levels to be Watch.
L3 5058
L4 5028
Namaste Ilango Sir and fellow bloggers
LV
good morning sir and all friends.
Camarilla Intraday Update/Follow Up:
A Camarilla Trader will wait to the price movement
in Between L3 & L4 as Open below L4.
If Break L3 BUY.
If Make LH below L4 after reach L3&L4 SELL.
Else the Whole day Camarilla Trader will
SOH(sit on hand)!
New Post Done.
Nifty intraday support placed at 5,070 - 5,055 - 5,030 levels and resistance placed at 5,105 - 5,121 - 5,145 levels.
Regards: share tips for today
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