HAPPY REPUBLIC DAY !!!
1. Tomorrow is Jan series expiry ,It can be a rangebound trading day between 5650-5750 with volatility.Max. action may be in approx. 5675 (5dlema) -5725 (5wlema) region.
2. Expiry may be below 5750 ,which is the highest volume area in 2d profile ,showing selling by very short term players.
3. 5624 ,the recent low should hold for further upmove in the next series.Option analysis also shows the probability of this level holding fort.
4. The weekly close level of last Friday 5697 was taken out ,was it the expiry blues or was it to shakeout the s/l below 5700 levels ?
5. There was net buying from FII's for second continous session. Is this the light at the end of the tunnel or is it that of an incoming train in this tunnel to run us over?
Trade light with s/l for safe trading.
23 comments:
Dear AAR VEE,
Thanks a lot for your views with chart illustration.
Happy Republic day! thanks for your view!
Hi mynac
Welcome .Whats are ur views of feb series options?
Hi Sujeet
Thanks and welcome
dear aar-vee
which charting software do u use??
Hi deemis,
Primarily i use yahoo and MT4 for intraday and Chart Nexus and I-charts EOD.
hi rv great selection of links on the other blog.
ur hard work never ceases to amaze!!
rv,
wanted to look at old charts frm 1995 onwards for ew counting purpose.ami is demo which doesnt save changes which one u use? chartnexus has 3 yrs data only.
Hi PS,
Thanks ,the links in "My Trading Diary" are the ones which I follow intraday and eod.I feel they have sufficient data to analyze both the intra and positional TF.
As per the data from 1995 ,u can go to I- charts ,register(free),then charts(premium),customize date from 1995-01-01,u will get the chart till date.
BTW i am following since ew count since 2003 .taking 2008 top as wave 3 end and march 2009 as A/Wave 4 ,6338 may be B/4 (if topped out there).
pl.share ur chart when done.
Thanks
will do rv. however my ew is just following sir,jazz, u and few others till now :-)
Hii RV. yes i m Anuj and i m from Agra.
PS ,I use EW sparingly to help my positional trade ,just few points of invalidation that help me alert when trend changes (light house type to keep the boat steady).Jazz is a regular EW guy and knowledgeable guy .
Hi bizagra,
I remember Agra fondly,The sadar bazaar,raja ki mandi,mankameshwar temple,sherjang baba,all those 'chaats'.i saw most of the new movies at anjana and bhagwan talkies in those days .:))
Thanks Jazz.
will do the needful.
AAR VEE : On your LT count.. If 2008 was 3, March 2009 cannot be 4. Corrections should take longer than impulses. So assuming 2008 was a 3 of five years, the Wave 4 will go on till atleast 2013 if not more.... March 09 A of 4 might be better explanation...
Cheers
Dear KRG,
Pl. read the comment again.I am saying the same as u -till March o9 is A/4.where is the confusion?
misread the statement. my apologies
Accepted KRG.:)
U are doing a fine blog .Do keep visiting here and leave ur comments
Dear RV, i think u know much about Agra, when u hav been to Agra last??
@ Bizagra,
may be some 10 years ago .:)
@RV
Ohh long time...agra has improved much in these 10 years.
will do... On my own blog, I write occasionally. thanks for noticing
check out my LT counts at
http://krgonline.blogspot.com/2011/01/has-nifty-started-killer-c.html
do let me know ur views
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