We will go level be level...first to 4925...
Incidentally, the weekly Pivot is @ 4936.
Firstly, it needs to break 5052(Daily Pivot) & then 5043(Yesterday's intra low) and so on.
At higher levels, as repeated earlier 5080-5100/5120 are resistences.
Unless market reverses as outlined here, the trend remains same.
24 comments:
illango sir;
one thing from where i can get the charts of nifty and draw some trendline S/R as done by you. can u please suggest.
Hi..Rajnish,
There are many software available both free as well as paid.
I suggest you to try "icharts.com" for a monthly fee of approximately Rs.350.
Ilango sir, when the market was struggling around 5K, the resistance area for nifty was 5020~5030, which it touched more than twice before coming down. Now that we had gapped up, I feel that this area now will act as some sort of support (unless it gaps down).
Ilango sir, May i know which software you are using for technical analysis.
Hi..Veng,
If we can hold 5015-5020 in the first hour, there is a possibility of moving higher and then reverse.
Hi..San,
It is created by me over the years and maintained on a daily & hourly basis..
Hi Ilango
Channel got broken but need to watch more if we retest the trendline or we get in again that channel to trap the Bears.
What do you say?
Regards
Amit
Ilango sir , I see there is a formation of rounding top in nifty fut 5min chart...am i right sir??
Hi Ilango
Sorry for last msg. I am wrong in my interpretation.
Regards
Amit
lLango sir,
I looked into icharts.com, there is none like that. icharts.in is present but the monthly is 650/-.Are you refering to some other website.
I am looking for tick data source to be feed into my sql database, then calculate to GUESS wats going to happen next.If you know of any such tick data service, please let me know.
Thanks
DEAR SIR,
WILL I GET 5EMA LOW,HIGH INTRA DAY VALUES IN ICHARTS FOR RS.650.00
REGARDS,
J.V.N.REDDY.
Hi..CKR,
You could say that..rounding top..
Hi..Prosenjit,
I found the prices for "iCharts" in the link below..and it says 350 PM.
http://www.icharts.in/realtime-charts-basic-service.html
Hi..JVNReddy,
You should be able to get it all in such a premium services.
Try it.
Hi Prosenjit,
If you are satisfied with daily/ weekly data in an online spreadsheet, try editgrid.com. It will automatically fetch data from reuters and process like excel. Limitation is does not fetch tick data anymore.
I am currently using it to make a hourly updated chart for 5d high/ low ema.
It is free, worth a shot.
Regards
Vinay
Dear sir,
value posted by you for 5 EMA low & high for intra day are not available online.We were able to see them only after the trading hrs.Is there any site which shows these values online during trading hrs?
Regards,
J.V.N.Reddy.
Dear jvnreddy
You can get hourly nifty charts on icharts which gives you the high, low and close on hourly candles.
Regards.
Hi, all friends,
Ichart Intraday Charts (Premium) [Rs 650/month] has all required indicators(55+) for TA.
Even u'll get
1.Intraday Future Charts (NSE),
2.Intraday Nifty Options Charts
3.Pivots/Fibonacci/Camarilla Levels
4.Continuous Realtime Charts with previous data.
5.U can save ur studies too. What else u want!!
:-)
HAPPY TRADING WITH ILLANGO.
dollar index rallied to 75.05 about an hour back ..but now again has given up all gain of the day...is the present rally linked to it and can carry upwards to 5060-5080 ??
thanks
hi cm
can u give a link for dollare index
hi kiran....sure...but the quotes are delayed by 15 min.
http://www.bloomberg.com/apps/quote?ticker=DXY%3AIND
good call on rel cap . good upmove in weak mkt
Pankaj Shah
I got it in icharts Rs.650.00 per month sir,thank you very much.
Regards,
J.V.N.Reddy.
Yes., Pankaj,
If we can devote good amount of time and follow just prices, winners will come our way at regularly..
Hi..cm,
I think we should follow our prices and US $ will fall in place sooner..
should i carry positional short @ 5060 overnight or cover at 5010-5020.
thanks
hi..cm,
As you call this a positional short, carry it over with a SL of your choice.
US markets are expected to top out today.
Nothing is guaranteed but we take a calculated risk at crucial juncture.
Proper technical sell will be a break of last swing low of 4925. Market, at times, after breaking the same may retrace to 5000++ and then fall. One need to, then, withstand the counter rally of a magnitude of 80-100 points.
Hi, cm,
I think there is no trigger for positional short yet. Ur short is aggressive short, u must take ur profit. u can initiate fresh short again later. Take ur profit.
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