Thursday, May 13, 2010

Nifty Intraday Update-III

72 comments:

rochak said...

itna SANNNATA kyo hai bhai

piyush sharda said...

sir

i have become so confused i closed all my positions

bizagra said...

Ilango sir, i shorted @ break of 5175, now wht sud be small sl till closing?
Thanks

pisreport said...

i exited my intraday long at break of Low hourly EMA

Sreeram said...

PS:

Same here.. staying neutral.. will wait for master to put his fresh views.. once he goes though the current scenario

sreeram

Rajagopal said...

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assortZ said...

@RG,

2.30 ? will the wind will become storm?

Ilango said...

@ PS,

You were doing just fine. And if you stick to your Trading plans with some SL, you will be more relaxed towards trading.

Be willing to let go a small loss. Then, you will be really relaxed.

If you miss an opportunity today, more will present to you in the coming days and for that you have to be relaxed.

The true test of Character is not how much we know how to do but how we behave when we don't know what to do.

mynac said...

Possibility of Nifty coming at 5160 from here can not be ruled out.

Anil said...

21 hma - 5162

assortZ said...

France already started following our trend..lost the gains and trading in red now

rahul said...

illango sir as you said 5175 is s&r now what trade is adviceable

"ToT-Amit" said...

Nifty Triangle.

http://tradingontechnicals.blogspot.com/2010/05/nifty-intraday-update.html

piyush sharda said...

thanks sir,

i am a trigger happy johnny. took a long at key reverasal bar
reversed to short when market broke low for vah.

assortZ said...

@yoda,

Educate me..if we do not close above the day high today..it is confirmed “triple top”..but what happens if we close above 5210 tomorrow? I hope the “triple top” is invalidate..

wealth creator said...

hi gb

any impulse on reliance in very short term. Because i guess markets will match ril also or vice-versa. Can you smell anything in RIL moves as far as very short term is concerned.

bizagra said...

Ilango sir plz give sl for shorts taken @ 5175 for today?

assortZ said...

@WC,

“San” is the right person I think to reply about reliance..san are you there?

wealth creator said...

@San

Your comments are eagerly awaited.

Yoda said...

@assortZ,

If it closes above tomorrow it's very much invalidated. Then 5300.:)

The confusion today seems to be in deciding this top between the bulls and the bears.

Yoda said...

Have you noticed how it's breaking and reversing just below all the regular stops by + - 10/15? I think they're just taking TA folks out.

piyush sharda said...

@yoda,

i guess dbl top on 10/5/ and 13/5/

rochak said...

hello friends
HELP REQUIRED
how can it be checked LIVE on any website, if a volume spurt is a particular scrip is due to bulk deal or block deal, thanks answering

assortZ said...

@yoda,

Yes..if they do that then good move on either sides on card..correct?

Yoda said...

@piyush sharda,

Yes, unless friday's high takes out both.

wealth creator said...

i think one should have long only if nifty sustains above 5230. But at that level if we enter it means, cushion and profit of 50 nifty points gone.

Prabhakar said...

Ilango Sir,
I am also waiting for your reply to Bizagra's posting.
Thank you

manu said...

sir

if i take a broad range frm aug 09 till date..
the Ichimoku cycle suggests to be long..

bizagra said...

Doller index up, above 85.14 now.

Yoda said...

yeah, assortZ. Still, if we had patience we wouldn't be so easily caught by the big movers.

Throughout this correction I've noticed that if you hold your position, you will get your target - as they shake out the shorts, you can take longs and vice versa. Just that the moves are very nifty.:)

piyush sharda said...

@yes yoda

got it

sir, if we go by candlestick pattern we can call 10/5 and
11/5 pattern tweezer top

vicky.. said...

bizagra sir...how could dollar index above 85.14??its high itself is 85.088
am i watching sumthing else??kindly guide.
kind regards....
vicky...

assortZ said...

Yoda,

Not through out the correction.. from they day nifty started trading..biggies shake-out badly the retailers :)

As RG has rightly put down..” whatever we buy will go down and whatever we short will shoot up”…

But not anymore ..coz am staying at “ just nifty” :)

bizagra said...

Ilango sir, we sud close below 5176 at least to carry shorts?m i correct sir?
Thanks

Rajagopal said...

BTST

Scrip Name HIGH-Rs
AXISBANK 1336.96
CAIRN 308.74
DLF 313.06
HCLTECH 406.92
HDFC 2842.08
INFOSYS 2747.53
ITC 270.54
L&T 1588.25
M&M 576.35
NTPC 209.61
ONGC 1057.99
POWERGRID 109.11
TATAMOTORS 855.19


STBT
Scrip Name LOW-Rs
ABB 674.68
BHARTI 249.36
BHEL 2349.42
CIPLA 307.93
GUJAMBUJA 105.78
HINDALCO 164.38
IDEA 53.46
MARUTIUD 1258.51
RELCAP 681.31
RELICOMM 143.41
SAIL 207.96
SIEMENS 656.62
STERLITE 708.28
SUZENER 65.09
TISCO 558.73

Made NS 5177. Ref file for divergence and caution. Volumes also to be noted.(TMF only 80% of 5D avg traded).

bizagra said...

@vicky, plz check this link: http://www.traderslog.com/quotes-charts/?sym=DX!&a=I:5&studies=VOLI;MACD;

Ilango said...

@ bizagra,

A close below 5188 will do to carry shorts.

bizagra said...

@vicky, and plz dont call me sir, i m a back bencher who is first
trying to learn ,how to follow sir.

bizagra said...

thanks ilango sir.

Rajagopal said...

Counters with > 90% of 5D Avg volume

Script Volume
AXISBANK 105
BHARTI 203
BHEL 101
DLF 105
HLL 142
IDEA 142
MARUTIUD 115
NTPC 94
ONGC 124
SIEMENS 101
TATAMOTORS 96
UNITECH 101

Anil - rest volumes were low. How do you interpret this?
Please note correction in TMF volumes.

golfdude said...

@gautham,

sorry was out. calls unwinding could help move up as it is usually contrarion. Again intraday is always tricky. Can go away also as fast.

gd

rochak said...

hello friends
HELP REQUIRED
how can it be checked LIVE on any website, if a volume spurt is a particular scrip is due to bulk deal or block deal, thanks answering

Prabhakar said...

Thank you Ilango Sir

musti1780 said...

Illango Sir still holding Longs yt to do carry them
or squre it @ 3.25.
Plz sugest?

musti1780 said...

Sorry just read ur coment got it. thx.

vicky.. said...

thanks bizagara sir....
u r also sir for me,as i m learing from u too.
kind regards ....
vicky....

Arun said...

bizagra,

"A close below 5188 will do to carry shorts."??

Whether Ilango sir referring to nifty spot of May future for this 5188?

thanks,
Arun

bimon said...

Ilango Sir,

can I take short at current level?

bizagra said...

@arun, sir is referring to NS.

GIRESH TIILWAANI said...

AT PTRESENT BOTH NF & NS ARE TADING AT SAME PRICE.

pisreport said...

@ Arun, if sir does not add NF/nf with the price, it is always spot price

KGovind said...

Sir

Yesterday a close above 5140 was good enuogh to carry long. Now nifty why it needs to close above 5188 (48 extra today) to carry long today. I am thinking i am mixing aggressive call and conservative call together.

Prabhakar said...

@Bizagra!
Are we carry our shorts for tomorrow?

Arun said...

thanks bizagra

bizagra said...

@prabhakar, yes if we close below 5188.

Prabhakar said...

@Bizagra!
Are we closing below 5188?

Sreeram said...

Guy's,

with present 5180NS what do you think the Average will be?? do you think it is above 5188 as Master mentioned or do we need to decide based on the actual value of close or Average?

Any quick advice is appreciated

Thank you guys and Master

Sreeram

Rajagopal said...

Small Confusion.....Gold,Silver,Crude are also down. Could be OB correction. Just to be on the safer side. I thought Equity and Commodity act in opposite direction.

Prabhakar said...

Ilango Sir,
Nifty is closing below 5188?
Thank you

KGovind said...

Sreeram,

certainly average price is going to be below 5188

Prabhakar said...

@Bizagra!
Are you carry NF short for tomorrow?

bimon said...

It is definitely looking like closing below 5188. Took shorts @ 5178 NF.What should be the SL Sir?

Thanks,

bizagra said...

@prabhakar yes.

Prabhakar said...

@Bizagra !: Thank you

Sreeram said...

@Kgovind

Thank you for the info..

sreeram

KGovind said...

nifty spot never traded above 5183 from 2:30 PM

Prosenjit said...

Repeating again ...... Ilango sir tusi great ho!!!

Pray to god you get his best blessings.

A silent follower.

GHODBLESSU said...

DEAR ILLANGO SIRJI,AT THE OUTSET I WUD LIKE TO THANKU 4 DS MIND BLOWING AND WONDERFUL BLO.G U R REALLY DOING A SUPERB JOB. GOD BLESS U.I M A NEW BEE ND I JUST HAPPENED 2 VISIT YR BLOG LAST WEEK.I LIKE YR ND MR.RAKGOPAL'S TABLE.CAN U PL TELL ME HW 2 MAKE ND UPDATE THIS DS TABLE FOR DAILY USE WITH ITS SUPERB INFO. PL PARDON MY SILLY QS.THANKING U
YRS SINCERELY,
PREM

ushabalaji said...

Dear Ilango sir,
I am a silent follower of your blog and I find your views very much helpful in deciding in this highly volatile market conditions.I pray to my God Sri lakshmi Narasimha to bestow His blessings to you and your family!
Thanks and regards
Balaji

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