Nifty has moved past "5661" comfortably ahead of month close and likely to protect the same.
Considering a likely week reversal, the upmove from 5595 to today's or Friday's high could be taken as the (1) wave of the 3rd and monitor retracements accordingly.
Opening hour likely to end (iii) and an (a)(b)(c) correction for (iv) is likely to be followed by (v) which could move into Friday. On the other hand, if the upmove sustains continuously, it would mean "waves are sub-dividing" and market is sensing bigger upsides.
These corrections are likely to be 26-46 points range.(Have increased the range considering "expiry")
Moving past 80% 5761 would add to the strength. (BN has done it)
Considering a likely week reversal, the upmove from 5595 to today's or Friday's high could be taken as the (1) wave of the 3rd and monitor retracements accordingly.
Opening hour likely to end (iii) and an (a)(b)(c) correction for (iv) is likely to be followed by (v) which could move into Friday. On the other hand, if the upmove sustains continuously, it would mean "waves are sub-dividing" and market is sensing bigger upsides.
These corrections are likely to be 26-46 points range.(Have increased the range considering "expiry")
Moving past 80% 5761 would add to the strength. (BN has done it)
35 comments:
Ilango sir and all
GM
Good Morning, Ilango Ji
Namaste Ilango Sir & Blogmates,
Bullish: Bulls came back with a vengeance on the eve of expiry to stamp their authority with a close above 5700 level and in the process 5700PE nudged higher than that of 5700CE. Looking at the OI Table expiry could be around 5700 level…: Option Analysis for 26-11-2012
Dedicated Option Open Interest Blog
Duplicated at Wordpress Site
Thanks & Regards,
Sanjay Kr Jaiswal
Good Morning Master Mr.Illango, Master Mr.Dinesh Rishi & Blogmates. Have a Happy & Prosperous Day. ♥
✰✰✰ Nifty Spot Scalp Numbers ✰✰✰
↑ Resistance Levels : 5720-5739-5758-5777-5796-5815
↓ Support Levels : 5682-5663-5645-5626-5607-5588
✰✰✰ Nifty Spot Swing Numbers ✰✰✰
↑ Resistance Level : 5738
↓ Support Level : 5675
ℐ.ℛ.ℐulius
Good Morning Gurudev and friends
Namaskaaram GuruJi and Friends
Good Morning
Have a Good Day
Pranams
Kumar
Goodmorning master and all JN friends,
The four most dangerous words in investing are "This time it's different".
John Templeton
Wishing all a Great Learning and Earning session.
Good Luck !!!
Sir
Can u please tell me how u have arrived at R1 and 2 and s1 and 2.
I dropped a TL from 5815 to 5777 the 2 highs of wave 4 , and todays candle if it forms a high will touch the TL at 5753.4 which is very close to R1 marked on TT at 5754.
thanks
good morning master and blogmates
Good Morning Master & Friends
good morning master and blogmates.
gm dear sir , all seniors and freinds
Namaste Ilango Sir and fellow bloggers
LV
Good morning Ilango Sir & all blogmates.
Rgds
Saravanan
Today's Supports & Resistances :->
Support :- 5688-5715
Resistance :- 5775-5815
Current Trend :- UP.
Strategy:-
1. Buy Near Support Area 5688-5715
Weak Below 5645
Happy disciplined trading to all.
Have a nice day!
dear mohammed javed akhtarji sent u another mail a few days back plz reply when ur free many thanks
dear anil sent u an email plz reply when ur free many thanks
Namaste Dear Sir and all friends
Have anice trading day
Namaste Ilango Sir And All.
Good Morning Sir and dear friends.
Have a great trading month expiry day.
Good Morning Sir and all the gems of JN
Nifty levels updated.
http://mahendra-jage.blogspot.in/
regds
Good Morning Master and copy to All
ATR Based Trading Signals
Buy Zone : From 5697.95 to 5683.2
Breakdown below : 5680.25
Breakdown target : 5648.2
Sell Zone : From 5756.95 to 5771.7
Breakout above : 5774.65
Breakout target : 5825.2
jai hind master rishi ji , julius sir n all
Ilangoji,
Waves subdividing...how would you label this now ??
Namaste Ilango Sir & all members.
GM Every One,
We are in ATR Sell Zone : From 5756.95 to 5771.7
Good Morning Ilango Sir and All Friends and Seniors
BN century done
5771 taken out too.
@ Waquar,
Shift the blue (i) to 5711 &
blue(ii) to 5698(27th 1.00PM Low)
ORB break out came @ 5757.
ATR break-out is on the way.
SENSEX is once again 19 years Old
Thnks ilango ji :-)
New Post Done.
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