There are always possibilities of market taking a different route than the one you choose. But "choice"...you have to make based on the facts available & perceptions created in you when you look at the market objectively.
We have always discouraged "Chest thumping".. & encouraged collecting "Peanuts"..
Get Rich slowly and quietly...sums it up.
Weakness below 4845, 80% of last rise (This should be revised if Nifty makes higher than 4878)
Strength...minor above 4882..& more above 4930.
I believe in a classroom where participants exchange views freely and liberally and use it as a platform to grow. And some stay back after their growth to encourage and facilitate others.
I am not offering myself for dissection.. but you are here for enhancing your knowledge. Let it remain that way so that it benefits all.
Freedom of expression is fine..BUt let it not degrade into "orgy ridden roman empire". Be responsible in your utterances.
If you're not able to make money because of my blog, please move away for your own benefit.
This is my sincere & humble request. Don't come here for entertainment.
Get Rich slowly and quietly...sums it up.
Weakness below 4845, 80% of last rise (This should be revised if Nifty makes higher than 4878)
Strength...minor above 4882..& more above 4930.
I believe in a classroom where participants exchange views freely and liberally and use it as a platform to grow. And some stay back after their growth to encourage and facilitate others.
I am not offering myself for dissection.. but you are here for enhancing your knowledge. Let it remain that way so that it benefits all.
Freedom of expression is fine..BUt let it not degrade into "orgy ridden roman empire". Be responsible in your utterances.
If you're not able to make money because of my blog, please move away for your own benefit.
This is my sincere & humble request. Don't come here for entertainment.
62 comments:
GM Everybody...
Dear Prabhat said…..
Mkt always moves the opposite of the positions I take.
So I will go short now.. That means nifty will go up…..
Why do you think so? Dear Prabhakar’s yesterday’s wall paper is for you :) The trend is very clear cut down and due to oversold condition, or by way of short covering etc…etc.. what ever reason shall be there…if market shall go up... then just act accordingly that wall paper quote.. :)
As Dear Ilango,said.”Being right”is a good habit to cultivated…
All the best….
Good Morning Master & Friends,
Good Morning Sir and All!
Good Morning Sir and All!
Pranams Gurudev,
Good Morning to All.
Good morning.
When there is pain, it is an opportunity to learn.
When there is pleasure, there is an opportunity to learn.
That is one of the ways to increase objectivity.
Good Morning Respected Mr.Illango, My Beloved Master Mr.Dinesh Rishi & All Blogmates, Have a Prosperous Day.
@NEW VISITORS OF THIS BLOG - FIND THE TRESURES INSIDE!
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Market Wisdom
Yesterday NR7 & NR4 in both NS, BN.
Breaking of today's high & low
may lead further direction.
Camarilla Key Levels
Today range between H4 & H3 also L3 & L4
too low. In such days personally I avoid
H3 & L3. So trade H4 & L4 Only with 20pts SL!
H4 4883 [BUY]
L4 4833 [SELL]
*H3 & L3 May consider only if Open out of
Range & Reversal Seen(Scenario 4).
sir ji,
good morning
The series of 1/2's you have marked can be
marked as 1-2-3-4-5 as well then a 5 wave decline
can be retraced.
For all those who enter into confrontations because of
difference in points of view with others, a humble reminder.
Remember,
a) Whenever you buy, you buy it from a person who is willing
to sell, because he thinks that prices if not go down from
here, will not go much higher. He has a diametrically opposite
point of view. Yet without him, there would be no trade for you.
b) Same thing holds when you sell.
So I urge everybody to respect all points of view and do
not get in confrontational attitude.
Thanks to all.
Good Morning Ilango Sir and Friends
Nifty Chart Analysis: CLICK HERE
Good morning
Not seen any comment here
Is everything ok
@ Illango ji
Just finished reading EW:-)
Sir can the 5th wave be a 5 wave structure? Meaning we
have completed W1 at 4937 and may be in W2 upto 4920 max
4955. if so then the possibility of 4750-4650 is still
open and we shall be out of the woods only beyond 4955, 4976
and 5039+. would my understanding be correct.
Also a request..is it possible to share an excel sheet to
calculate waves in price & time..I have decided to learn excel now:-)
With your inspiration atleast learning many things.
Thank you & grateful!
Good Morning Ilango sir and all blog-mates.
Seems like I am first to be in the class today.
Good Morning Master and copy to All
Sir Comments not visible???
If you are moderating them...Thank you. Much needed!
Goodmorning Ilango Sir and all the Blogmates!
I am Expecting a rally to unfold on the upside. Have 4 reasons for it.
test
Good Morning Master .
Morning Illango ji & JN Family,
Back after a few days... Bulls need 2 hlf hr closes > 34EMA,30mins @ 4895
Hr TA --> 5HrCEMA will reverse on hr close > 4870, but high conviction Longs only on getting Bull 5-10hr xover @ ruffly 4940
Day TA --> Firmly -ve
Sell on Rallies continues , till we can trade convincingly > 4895-4940
Have a gr8 trading day :-)
cheers
Namaste beloved Master and all frineds
May the Lord give us peace of mind!! Please Lord!
have a nice trading session
Dear Sir
Yesterday you replied:
@ parminder,
If you download the "JustNifty TA (16th May)" file from the link at the top right corner of this blog, you'll find the rsi reaching overbought zone while higher T/F rsi in downtrend.
Such set ups suggest larger weakness with shorter term overbought conditions.
May 16, 2012 1:25 PM
Accordingly I checked TA of Nifty and found 14dayRSI in oversold zone. Do you say that this should be considered in ‘downtrend’.
thanks
Good Morining Sir, and All
Have a nice trading day.
Morning Illango ji & JN family,
back after few days...
Intra-Bulls needs 2 hlf hr closes > 34EMA, @ 4895
Hr TA --> 5HrCEMA will reverse on Hr close > 4870, but high conviction Longs only on Bull 5-10Hr Xover @ 4940
Day TA --> 5DEMA is wid -ve dy/dx... so no longs ;-)
Summary: Trade in direction of 5DEMA till reversal, SELL ON RALLIES CONTINUES until we close > 4940
have a gr8 trading day :-)
cheers!
Sharekhan TT, Futures scrips are not loading, anybody has similar issue?
Morning sir and copy to all....(-_-)
Namaste Ilango Sir and fellow bloggers
LV
Chetas
change server
if not download script list manually
Venkatapathy Sir GM
so many absents marked?
Good Morining Gurudev and friends
PT
how was yesterdays hammer?
booked partially at Pre-market resistance.
nifty should cover the gap of 4943.
@ Ilango Sir,
It would be nice if you could spare sometime to explain
the correction from 5630 onwards for EW learners. It would
be great class...
Its my humble suggestion, am sure many more would like
to learn.
Thank you
DR Bhai
USD/INR pe Hammer maro . Bring it below 54.
@DR
Just recovered, though not fully. Never took drugs throughout my life. Now forced to consume lots of drugs, so that there is no adequate space for food in my stomach.
love you
LV
Good morning sirs
DR Sir .... Ameeen .. BN aap se jyada koi nai jaan paya achi tarah se .. :)
Good Morning Master and all blog mates.
Sir,
Just recovered,??????????
good morning,seniors..
Goodmorning master and all JN Friends !
I wish you all a Great Learning and Earning session today.
Good Luck !!!
When Greece goes down...Read but don't panic: http://bigtamasha.blogspot.in/2010/05/mysterous-greeks.html
Nifty at Channel resistance4910..Yesterday I heard someone
sing..Dr ji for you
'Chalo dildar chalo..Resistance ke paar chalo"
puravi
done with my brekfast
BNF @ 5SMA
if sustains than only
http://www.youtube.com/watch?v=l2bl57tFlLQ
4910 / 4963 / 4992 ..so many China walls for Bulls on 30mins !!!
NS at 4906 - "minor strength above 4882" if that is done -
tank resumes?
Drji
Had my Paratha but want some Mango Milkshake in Nifty.
Thank you for the song one of my favourite..
@ Shriram
Jab bail ka demag sarke ga sabhi deewar gir jati hai!!!
Till then save cash:-)
If Nifty ends firmly above 4900, 9 day rsi shows a break-out.
Falling wedge had one failed break-out on 15th.
Today's break-out above falling wedge line could be a "real one".
Keep calculating 61.8% and 80% retrace for the current rise adjusting for the highs and manage your trades/ positions.
This could be "relief rally lasting 2 to 4 days to set up for a reversal back to the lows to end settlement at its lowest.
A rally sustaining beyond 4 days would indicate strength aand the same to be confirmed with prices closing above WEma.
BN is almost poised to move past 80% of last fall @ 9300 now.
@ puravi,
systematic hein to bull bear -dimaag , do not matter ;-)
just keep eyes on 5-10-34EMA !!
Has anybody seen Kangaroo tail
Plz google this pattern
and check if its there on EOD charts
Amen, Dinesh sir
ns : hurdles @ 4920 and then 4930
And here is some pure relaxation: http://bigtamasha.blogspot.in/2012/05/rekha-in-rajya-sabha-rakhi-sawant-also.html
Given with great reluctance just to amuse good people here, won't mind deletion if it impinges upon ppl's focus.
New Post Done.
Dear Shriram,
Probably it would try up to 4928-30 & if wants to go further up then would be 4975-78 max.for the day…If it shall come up to 4880 in coming 2-3 Hrs., then it would gather some more momentum for up move.. otherwise in down trending market when Buyers try very hard to sustain always up and above it’s immediate resistances, in anticipation of short covering, which truly never comes, due to down trending market, it used to loose it’s entire gain quickly
Master, is it a possibility that Nifty might have completed
a 5 wave up rally from low of 4848 to today's high of
4910 with a truncated 5th wave and ABC correction is on?
Pl guide.
good morning sir and all friends.
Suresh.. May i know what is 4920 level? thanks
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