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Van Ilango (JustNifty) Profile picture
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3 Nov, 5 tweets, 3 min read
#Banknifty
Aggressively holding 39950-965,
Conservatively holding 39875-900,
Likely to head to 40180 & 40400+ Image
#Elliottwave
lets you spot LRHR entries
does target calculations
Allows you to book/ partbook at appropriate levels.

You won't get euphoric at highs but book
You won't fear panics at lows but enter (in Uptrend)

Simple trades Image
#Banknifty Break of 40080 compelled us to change the ST labels.
Now, Holding 39950 is critical as well as move past 40080 for new highs for the day. Image
#Banknifty
Aggressively holding 39950-965

- Lows done "39983 & 39987"
This will act as a TSL for Longs & for a reverse trade Image
#Banknifty
Aggressively holding 39950-965

- Lows done "39983 & 39987"
This will act as a TSL for Longs & for a reverse trade

Broke "39983", a low of "39604" done.

" 1 Trade per day" Image

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More from @JustNifty

Van Ilango (JustNifty) Profile picture
4 Nov
A simple beginning in this long journey.🙏

Let us choose the most simplest & most effective of all tools - #Elliottwave
IF the name sounds complex & alien to you, let us call it just #Wave - Why ?
In the market, Prices never flow like a river but unfold like waves.. yes., waves
#Waves advance, then retrace and with each advance & retraces, they gather strength & thus the subsequent advances grow in strength & intensity until they blow themselves up. Then, they go into a quiet mode.
This is Nature's Law; Crowd behaviour and we deal with just that.
What this Nature's Law states is that the advances & declines follow "Fibonacci sequences"
1, (1+1)2, (2+1)3, (3+2)5, (5+3)8, (8+5)13, (13+8)21 & so on...
It has been observed by Ralph.N.Elliott (1939) that these advances move in 5 waves followed by a 3 wave decline - 12345 & abc
Read 8 tweets
Van Ilango (JustNifty) Profile picture
3 Nov
#Nifty
17926, DEma would act as the "Pivot" for the day.

Remaining above it +ve Bias for 18000++
Breaking below it -ve bias for 17825-- Image
#Nifty tested 17926 & making a Bullish Pin Bar with a high of 17955.

Next time would be bearish. Image
#Nifty
There are 3 factors @ work

5DEma - 17926
75 Sma of 5 min. t/f - 17926
#Trendline support @ 17926 Image
Read 6 tweets
Van Ilango (JustNifty) Profile picture
3 Nov
Getting the most relevant numbers from this Tech.Table from Excel file maintained everyday.

Only 3 Nos. are critical:
Low Ema (Last Support in uptrend)
Close Ema (Indicates ST trend)
High Ema (Momentum in uptrend)

IF prices remain between Low & High Ema, a sideways range is on. Image
When prices move:
Above Low Ema & Closes: Buy on dips to Close Ema/ High ema+
Above High Ema & Closes: Buy & Hold as upward momentum picks up.
Below High Ema & Closes: Sell on rises to Close Ema/ Low Ema-
Below Low Ema & Closes: Sell & Hold as downward momentum picks up.
#Nifty
This is the updated numbers based on #Priceaction @ 9.23AM. Image
Read 4 tweets
Van Ilango (JustNifty) Profile picture
2 Nov
Most are correcting yesterday's low to today's opening high.
Keep the retrace handy
38%-50% retrace is bullish
61.8% is average strength
Anything beyond it, reject it and reconsider only if the high is surpassed
For Eg: Nifty holding "17855-892" is bullish

Break of 17817, reject Image
#Reliance has done exactly 61.8% retrace of 2494 to 2556 @ 2518

Today's low 2518.
Below this, wouldn't consider it.
IF breaks 2518, consider it only above 2545 or 2556 Image
#sbin
Rose from 501 to 522
It's retrace is @ 511.50 -514, a bullish possibility.
Made a low of 513.60 so far.
Below 509, reject it.
And, consider it only if moves above 522. Image
Read 7 tweets
Van Ilango (JustNifty) Profile picture
2 Nov
In this modern era, there is plenty of avenues to learn new studies, youtube being one of them
And, @vivbajaj 's initiatives in this area tops it all.
You choose which study to focus so that you can exploit reasonable sum from the market regularly.
But, first, you must spend TIME Image
1.youtube.com/c/Elearnmarkets

2.youtube.com/c/TradewithMav…

3.youtube.com/c/TradeWithTre…

4.youtube.com/c/Diamond-TheW…

5.youtube.com/c/DefinedgeSol…

6.youtube.com/channel/UCDCm6…

7.youtube.com/channel/UCEQL_…

8.youtube.com/c/GomathiShank…

9.youtube.com/channel/UCE5wD…

10.youtube.com/c/VivekBajaj
Resolve, committ by allocating time every day & every week to learn for a reasonable time while simultaneously test driving in the market to see & verify how your learning could be applied in the market.
After a reasonable amount of time, Take your Baby step in to the market
Read 7 tweets
Van Ilango (JustNifty) Profile picture
24 Oct
Missed @asitbaran at the appointed time.
Thrilled to listen to this recording🙏
Took a pen & paper and listened to each & every word.
Quite familiar with the initials & then came the "Tricks mastered by this Data scientist".
Initials: Swim the ocean/ surfing
Know your unique DNA
Understand the texture of mkt-Even when higher t/f is sideways, there is much action in smaller t/f
Cream of trades on 7-8 tr.days out of 20-22 tr. days.
If not alert, awakening by the mkt
Act like a sniper/Breathe the mkt
More than the direction of mkt, the quality of direction
After the above initials comes the "Tricks"
1. Prefers 50 Delta than 90.
2. If (for eg.) 1800CE stopped out & still have bullish view, go for 1700CE than pyramiding dn with 1800CE
3.OTM with lower delta(20) isn't preferred; better ATM with 40-60 Delta
Read 6 tweets

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