DLEma & WEma @ 5654-5677 are the relevant numbers for the day for a reversal.
Weakness below 5614, developing 50DMA.
There could be some sideways move to offset the oversold hour TA while 21 hr sma comes down to offer resistances(presently @ 5663).
We expect the correction to get over once moves below 5600 to around 5560-85 zone. Falls beyond it would put a question mark over the correction....question mark only.
Price move beyond 34 Hr sma would be your first clue of strength returning & reversal possibility.
Weakness below 5614, developing 50DMA.
There could be some sideways move to offset the oversold hour TA while 21 hr sma comes down to offer resistances(presently @ 5663).
We expect the correction to get over once moves below 5600 to around 5560-85 zone. Falls beyond it would put a question mark over the correction....question mark only.
Price move beyond 34 Hr sma would be your first clue of strength returning & reversal possibility.
30 comments:
Good Morning Sir and all the gems of JN
Nifty levels are updated on the blog.
regds
Indiahotel chart
http://4.bp.blogspot.com/-UkXXq3JbPk0/UKT7VB4k1OI/AAAAAAAAAM0/UQPZb8XR87s/s1600/Indhotel.png
Adani Enterprise chart
http://1.bp.blogspot.com/-279V0MFqLbE/UKT7KkC0cYI/AAAAAAAAAMs/GjMa9fOLzjE/s1600/Adani+Enterprise.png
Master, what is inference of 5607 in trading range?i could not find in TT,
Good Morning Ilango Sir and All Seniors
Namaste Ilango Sir And All.
Good morning Ilango sir & all blogmates.
Rgds
Saravanan
Namaste Dear Sir and all friends
have a nice day of trading
@ Satish: it is 50DMA ( in TT Table )
Good morning family
@Satish
5607 is the 50d sma....circled in the TT
@Master,
Please tell me MACD/RSI setup for hourly.
Thanks in advance
Good Morning Sir and dear friends
Have a great trading day.
Satish
since 5,10,20DMAs are breached by Nifty in last few days, now next probable support naturally comes onto 50DMA and if this also is breached, 100DMA will be the support.
Prithvi Yashashvi
it is all 'told' by Dear Master which is available at the right upper side of the blog. please study them carefully.
Yesterday BhartiAirtel has flared up in a dull market owing to spectrum bidding. it has immediate resistance at 301 which is 200DMA-- a very crucial point for significant price movement
sir
please tell us long time wave count if possibel
subra
Namaskaaram GuruJi and Friends,
Good Morning. Have a Good Day.
Pranams
Kumar
Namaste Ilango Sir & all members.
Nilesh ji - MCDOWLL 1809 breakes will hit 1786/90 looks like
Good morning master,
nifty spot today pivot 5629 or 5644
meignanavel
5644
@ Subra Bhandarkar,
It is available in the "JustNifty TA file", available in JN group.
meignaval
this is because we have clubbed the data of 13th and 15th i think
google charts working ?
thank u cooldent
Master ilango and friends,
good morning to all
Regards
☺☺☺☺
Namaste Ilango Sir and JN Family
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