A 5 waves may have been done from 6415 to 6133 (OR only 3 waves; BN suggests of 5).
If there is going to be a bounce it should start here around 6110-27 zone or the fall gets sharper down.
Last fall may be considered from "6191"; hence, price rise above 6168-79 would reveal the likelihood of larger rise, provided "the lows" hold.
Initiating trades @ the probable supports/ resistances would make low-risk-high reward trades.
One could continue to look for opportunities to initiate trades in the direction of the trend till the SL is breached. Part-booking makes the "Kalla" swell.
Small-time-business men don't make perfect sales but profitable ones; Profit precedes everything else.
If there is going to be a bounce it should start here around 6110-27 zone or the fall gets sharper down.
Last fall may be considered from "6191"; hence, price rise above 6168-79 would reveal the likelihood of larger rise, provided "the lows" hold.
Initiating trades @ the probable supports/ resistances would make low-risk-high reward trades.
One could continue to look for opportunities to initiate trades in the direction of the trend till the SL is breached. Part-booking makes the "Kalla" swell.
Small-time-business men don't make perfect sales but profitable ones; Profit precedes everything else.
26 comments:
Good Mng Sir and Friends.
Good Morning Sir & All Friends.
Good Morning sir & friends
Namaste Ilango Sir and blog friends
LV
Goodmorning master and all friends,
kya baat kya baat master ...!!!
Dear Ilango - is it possible to add couple of lines about banknifty levels in your pre-market view? Thanks
A Fractal of USDINR - Article Link
Namaste Guruji.
Good morning Ilango sir
Sir ILango ji charan vandan and everyone good morning
Good Morning Ilango Sir and Blogmates.
Good Morning,
Nifty Daily Report 18h Dec 2013.
https://skydrive.live.com/redir?resid=BE7C624779B57552!136&authkey=!ALgyF7gI1rAE4ek&ithint=file%2c.pdf
good morning, Sir and friends..
gudmorning masterand all frnds
good morning illango sir
Good Morning Sir and Blogmates..Have a profitable day :)
Good Morning Master and all friends
GM Master & JN Family,
have a gr8 day!
Good Morning Ilango Sir and Friends...
Good Morning Sir,
Initial observations :
Again game for 6165/85 today till 11 AM resolution on either side?
Prev day low breaching at open -> and held-> can it be indicative for "upward correction" after 5 waves done as indicated in pre-market (to be confirmed on crossing 6168-6185 or St. DLEMA at least?
So the Friday closing of "Week trend NOT Down- but sell on rise" has been resulting in trading ranges in day t/f ? Unless both get aligned ?
Good Morning Sir and Blog Mates
veerasamy
61.8 retrace for 6190-6229.95 @6167 almost done
Good Mrng Master & Friends
Wish you all a successful day
Morning MAster and friends
New Post Done.
Ilango Sir now Ur EW count is on A or (2) ,now alternative view its on (iii) to (iv) or (c) to (x) is possible ?
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