Thursday, May 20, 2010

Nifty intraday Update-III


At 1.12PM:
Good News..
Gautam Bajaj's Father is doing well now.

*******************************************************
There is a Pause in the fall from 4908. This relief rally may last 2-3 days if 4925/4908 is held.
4976 is the Day low ema. If closes above that today, such a pause would be confirmed with a maximum upside of 5020-5050.
Such resistances to communicate - Let it pass..Let us not try too hard here.
Take a break..Trade light.
Trend continues to be down..
Hold your shorts.
Intra Longs must have a SL @ 4925 or 4920.



67 comments:

Prabhakar said...

...Testing...

GaneshaSays said...

Hello everyone, can anybody give me a link for live FTSE and Hangseng index quotes? Yahoo is 15 mins delayed. I would like to get a link for live quotes. Thanks.

SuchIsLife said...

FTSE...

http://www.igmarkets.co.uk/pricestream/outside/getMarketList?webSiteId=igm&businessArea=F&locale=en_GB&firstTime=true

Anonymous said...
This comment has been removed by the author.
Prabhakar said...

@Bizagra!
Today no trading chance for conservative traders.

mo h said...

testing ...

assortZ said...

missed some points yesterday by booking conservative shorts little early..but got the levels today hence re-entered and now looking for 4885..:)

Anil said...

now journey to ither 4890 or 4990!

mo h said...

testing ...

Rajagopal said...

No comments visible !!!

Every coin has two sides. You feel bad that you are unable to communicate with the Master. But don't you feel Happy that you cannot see my posts ? What a relief it must be !!!

Sukanya said...

@ prabhakar, i do not get comments also

Sunny said...

hi
testing

gaurav said...

test

gaurav said...

sir pls post your views now thanx

Unknown said...

NOT ABLE TO SEE COMMENTS

SuchIsLife said...

Able to all 15 comments but not the one waiting for.. MASTERS

:( wat to do now??? :(

SIL

Sukanya said...

I see now 3 comments each one from anil, prabhakar and myself.

Sunny said...

hi ilango sir
can we book profit ar 4960 level or wait ?
regards,
alpesh

HariArani said...

Again problem it seems. In main page it showing some 20+ comments, but only showing 3 comments.

:-( Missing sir's valuable comments.....

Ilango said...

There is a Pause in the fall from 4908. This relief rally may last 2-3 days if 4925/4908 is held.
4976 is the Day low ema. If closes above that today, such a pause would be confirmed with a maximum upside of 5020-5050.

mo h said...

testubg \\\\ again,
plz bear with me if others can keep seeing my test msg,
coz i am not seeing any ...
:(

Prabhakar said...

...Testing...

Prabhakar said...

Ilango Sir,
Please comment on NF

assortZ said...

GB,

Good to know that dad is well..wishing him to be back home quick..

And what a comeback with a bang i.e, 300 points discount :)

Rajagopal said...

Thank God on GB's father.

Unknown said...

Thanks Ilango and everyone! Appreciate all ur support.

300 pt fall from 5050

Unknown said...

Assortz - I said 4800 remember? 50 pts more from there..

Thanks RG

SMALLTRADER said...

any update on ster please

sryasdmurali said...

Dear Mr. Elango

Shall I short bank nifty now.

SuchIsLife said...

GB..

Nice to hear that your dad is doing well.. We all wish him a very speedy recovery;

SIL

GaneshaSays said...

@SuchIsLife, thanks for the link for FTSE, fantastic link. Where would I get HangSeng live quotes?

SuchIsLife said...

@Ganesh19..

All credit goes to our blogmates and master.. i am just sharing what i got it with kindness..

Hangseng.. not idea am sure someone will get back to us soon..

SIL

arpitg345(gauresh) said...

@ Gautam Bajaj

Became glad to know that now your dad is well. We all wish for speedy recovery.

-arpit

GIRESH TIILWAANI said...

BANK NIFTY FALLING

Ilango said...

"4976"- Day Low ema has given an immediate resistance..

Ilango said...

Tech.Table updated.

mo h said...

blogspot spoiled the LowEma short opportunity by its invisibility :)

Ilango said...

An Aggressive trader may enter a long @ 4940 with a SL of 4910 for a target of 5015+

Prabhakar said...

Again Nifty above VAL

INDITRADER said...

Thx sir ur words Give me some confidence.
I am stuck in long taken @5000+ level cant cut it off.
Now I can wait for my level.
Can U sugest some more for me.

Unknown said...

musti
cover tomm at 11:30 with profits

jay shah said...

Ilango sir and freinds any reliable site for hang seng futures. Bloomberg is not updating timely any site better than that fot hang seng futures live?

bizagra said...

Ilango sir, will it be a good idea to cover shorts here
and reenter near 5000??

SuchIsLife said...

Dear Ilango Sir..

Is the LONG call for agreesive traders is an Intraday SL and Tragets??

Positional trend stil being downwards? Or do you think there is chances of trend reversals if nifty close above certain levels

SIL

Piyush Sharda said...

Sir ,

Nifty day o/s with pos divergence in fmacd, pos divergence in hourly( at which initially ) we planned to part liquidate. In hour day cycle does it not give a probability of larger rally?

Prabhakar said...

Ilango Sir,
======
I am also waiting for answer to Bizagra's comment.
Thank you
======

rahul said...

illango sir are 4940 is a nifty fut level

Piyush Sharda said...

sir

maybe today u marked 3rd wave in premarket chart
earlier u told that divergence fail in 3rd wave

Ilango said...

"4940" is a future price.

Because "Short term" looks "Over Sold" with some oscillators showing +ve div, a suggestion to go long for 2 days..And this move will be a choppy one - an up & down in 4920 to 4980-5020.

Conservative traders need not close their shorts...Part booking is alright and resell around 5000 or at the break of 4910.

Piyush Sharda said...

@gb sir,

tomm we can see 5000+ levels??

manu said...

sir
Tisco?

INDITRADER said...

Thx GB ur words give me confidence
I place sl of 4920 for my position
But after illango sir buy call & ur words now
I remove my sl & sit tight for 5000++.

INDITRADER said...

I just type & Nf made new low
Sir 4915 do U sugest to S&R my position?

Ilango said...

@ Manu,

Tata Steel was an intraday trade with a SL of 510. It did go from there to 519.

Bottomming is not yet in. Choppy consolidation before another fall.

SuchIsLife said...

Operators seem to hit the SL on lower side.. just my thoughts.. have mental SL's n sit tight as master guides
SIL

Ilango said...

@ Musti,

4925 spot becomes important for upsides.

Cut the longs if it breaks it.

Ankurbbhatt said...

Dear Ilango and Blogmates...
What can be the possibility on Nifty Future in terms of short covering due to expiry ? Shorts could get stuck if there is a short covering well before the expiry...I sense that Bears have to take care in being so headstrong...at the same time maintaining a bearish stance. Comments needed from all of you . Thanks.

Ilango said...

"4935" is the Hour Low ema at 3.00PM.. ???

INDITRADER said...

Ok sir as U guide
NS comes to 4926 & not yet break.
I hope It will secure today

Pankaj Shukla said...

I am sure, tomorrow will be a gap down opening and we will open close to 4850.

Ilango said...

NEW POST DONE..

Pankaj Shukla said...

Short hindalco, as it is the only stocks left above 200 dma in metal pack.

INDITRADER said...

I think sir it close above it.
Atlast my sl not hit
I hope last hour it will save also.

Ankurbbhatt said...

Today if Market closes near 4929 and not go to 4875. It will create a :Bullish harami" candle or a doji.Both of which would suggest a short term reversal of down trend and short covering could take it to even 5050 in short term. Comments needed.

INDITRADER said...

Any one notice again a huge volume bar formed @ 4930 level
I think its the only reason for market on upside?

Ilango said...

For BN Sl, 9325 to 9350 for positional.

Sunny said...

hi
dear sir yr last comment u say " For BN Sl, 9325 to 9350 for positional."
for short position ?
regards,
alpesh

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