"Friday", the week TA deciding day. Just one number for the day-5978(Wk.pivot & WHEma).
Follow the retrace for the last rise "5947 to 5977(review if more highs done @ open).
As long as 61.8% & 80%(5958 & 5953 presently)holds, reversal possibility exists.
Similarly, follow the retrace for the last fall "6005 to 5947".
As long as 61.8% & 80%(5983 & 5993) resists, correction-resuming possibility exists.
Follow the retrace for the last rise "5947 to 5977(review if more highs done @ open).
As long as 61.8% & 80%(5958 & 5953 presently)holds, reversal possibility exists.
Similarly, follow the retrace for the last fall "6005 to 5947".
As long as 61.8% & 80%(5983 & 5993) resists, correction-resuming possibility exists.
35 comments:
Good Morning ALL
Goodmorning master and all JN friends,
Wishing you all a Profitable Day.
Good Luck !!!
Good Morning Ilango Sir and Seniors
Good morning Ilango sir & all blogmaes
Rgds
Saravanan
Good morning Ilango sir & all blogmaes.
Nanaste Dear Master and all friends,
Wish you all the best for successful trading day.
GoodMorning Sir and All...
gm lovley sir , seniors and all my freinds of the blog
Nifty opens above ATR Breakout point.
GM Evrybody,
Dear radesyam1,from Infy results the probable answer is yes..
Master, should we reverse the JNSAR trade.
Good morning Illango Sir
Good Morning Family
Suddenly the premium has come down to 20-25 points
Wait out the gap up; 80% of the entire fall @ 6023 is crucial.
Big SURPRISE from Infy!!!
from Wipro!!
TCS- gone with the wind!!
Master,
could it be a falling wedge from 6042, considering that it stopped exactly at trend line resistance
pls advise
thank you
@master
what to do with JNSAR shorts? please guide. it also happened yesterday that gapup hit the sl but i waited for ORB it breaks down. but today what???thanks.
@anmpatel,
Filter nahi lagaya kya?
Sir, JNSAR long triggered ?
Yes,JNsar Long Trigger
Today initial 4 big volume trades for cash are from 6011 to 5999... so let us watch action-reaction for this zone if Nifty try to go up from current level..
Bye...
If it is a break-out after the consolidation of "6042 to 5947", it should hold "5983".(61.8% of 5960 to 6019, last rise)
Make your trades based on this factor.
Thank you, Sir
@Mynac: Used gap up to eat the premium. Infy results going to be event day.
NS is testing the next week Pivot just within 15-20 min of a strong opening (backed by Infy). 5978 is not far off.....
Retrace for "6019 to 5984", the opening fall comes @ 6006(61.8%) & 6012(80%).
Ilangoji, ICICI seems to have hit the SAR on downside @ 1172.... 1188 has been tripple top on hourly pattern...
Good morning Sir and dear friends.
Yesterday I read on a post on money control and it said that Infy results have a tendency to defy technicals.
I checked the last 4 results wrt to 10.EMA and it is true. I will definitely keep an eye on this result for next quarter.
Good morning master & JN family
Have a nice day !
Good Morning ALL
Today Hanumat Jayanthi
@ Harsh Mehta,
When IT sector reverses "strongly" at open, it is obvious that the "Exodus" would be in Banking sector.
Friends,
11 AM IIP Data....
New Post Done.
Parimalji
Benefited wildly in TCS.
Now no position in any stock/future.
Thanks.
If low risk take is there, pl post.
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