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Van Ilango (JustNifty) Profile picture
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Mar 11 • 4 tweets • 3 min read
#Nifty
Index & most stocks done 3rd & 4th wave yesterday.
Holding approx. yesterday's low, "5th" wave to unfold today in opening session towards "16796-816".

Alt: Consolidation in most part of the day in yesterday's range.
#Nifty Trade plan:

1. keeping above “16465-485″ - "Low @ 16471" ---

---prices likely to head towards 16685-715 & above which 16910-925.
#Nifty
Pre-Market Observations:
1. "5th" wave unfolds holding yesterday's low 16448
2. A Broad trading range within yesterday's High & Low

Trade plan Buy @ 16465-485
1st Resistance : 16685-715

From 16471, high done 16673 so far.

Now, Holding "16545-575", up move continues..
#Nifty
Aggressively sell below 16600 (or a close below #supertrend ) & conservatively below 16580

IF holds 16580-16600, up move resumes..

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More from @JustNifty

Van Ilango (JustNifty) Profile picture
Mar 5
Macd is the simplest & most reliable indicators available. Macd uses Moving Averages & turn them into momentum indicator by subtracting longer MA from shorter MA. The subtracted value when plotted forms a line that oscillates above & below zero, without any upper/ lower limits. Image
Using shorter Moving Average (5 & 10) will produce a quicker, more responsive indicator (fast macd), while using longer MA (12 & 26) will produce a slower indicator (Slow macd), less prone to whipsaws.

Macd measures the difference between two Exponential Moving Averages (EMAs). Image
A +ve Macd indicates that 5 or 12-day Ema is trading above 10 or 26-day Ema. A -ve Macd indicates that 5 or 12-day Ema is trading below 10 or 26-day Ema. If Macd is -ve & declining, then -ve gap between faster MA & slower MA is expanding & Downward momentum is accelerating.. Image
Read 7 tweets
Van Ilango (JustNifty) Profile picture
Dec 3, 2021
#Nifty
There are 2 Key retraces to follow for the Day.
1st is fm 17281 - 17420 @ 17330-350 (Aggressive)
2nd is fm 17064 - 17420 @ 17240-285(Conservative)

Based on Pivot tables,
17310-335 is a key support zone,
17470-500 is a key resistance zone.
#Nifty
There are 2 Key retraces to follow for the Day.
1st is fm 17281 - 17420 @ 17330-350 (Aggressive)
2nd is fm 17064 - 17420 @ 17240-285(Conservative)

Based on Pivot tables,
17310-335 is a key support zone,
17470-500 is a key resistance zone.
#Nifty
Based on Pivot tables,
17310-335 is a key support zone,
17470-500 is a key resistance zone.

Didn't get the "BUY" trade
BUT, a "Sell" trade emerged @ "17470-500" with a high of 17490 with OB readings and generated
100+ points with a low of "17362"
Read 6 tweets
Van Ilango (JustNifty) Profile picture
Dec 2, 2021
#Banknifty
Only with #Elliottwave & #Retracement strategy
You got 1st trade @ 36191 @ open for 36425
You got 2nd trade @ 36267-36298 for 36400 so far Image
How the grind to unfold... #Banknifty Image
#Banknifty
@ Low Risk zone Image
Read 7 tweets
Van Ilango (JustNifty) Profile picture
Dec 2, 2021
#Nifty
Aggressively holding "17140" approx. at open
OR
Conservatively holding "17080" approx. at open
for the 1st 1-2 hours trade
2 Retraces shown in "1 Minute chart" Image
#Nifty held "17140" with a low of "17149"
High presently "17241" so far

Ensure to book part profits and trail with the retrace of current rise from 17149 to 17xxx Image
#Nifty
Be Flexible in labeling.
Holding now 17180-195 Image
Read 5 tweets
Van Ilango (JustNifty) Profile picture
Dec 1, 2021
#Nifty option writers @ work
11.30AM to 2.30PM
Watch out for Action soon Image
#Nifty option writers "Ending" their work
11.30AM to 2.30PM
Action starting Image
#Nifty
Using 12345 to Book profits;
Using ABC to re-enter for another LRHR trade Image
Read 4 tweets
Van Ilango (JustNifty) Profile picture
Dec 1, 2021
#Nifty pause continues.
Stay with 17565 to 16782 retrace;
Holding 16900-950, could attempt 17350-400 zone.
Depends on rest of the day's #PriceAction
Also monitor current rise's(16931 to 172xx) retrace for weakness to return. Image
Based on significant gap up, the "revised trade levels" for the day. Image
#Nifty Tentative Label
(5 min. t/f - could vary dramatically
Be flexible to accept #PriceAction)

Identify "Low Risk" zones to initiate a trade.
IF you don't get it, NO Trade Image
Read 4 tweets

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