Friday, July 2, 2010

Nifty Intraday Update-II

74 comments:

Krish said...

My understanding (which are usually not accurate :-))....

A->B === 5400 - 4786 (broken up in 5 waves)
B->C === 4786 - 5367 (broken up in 3 waves)

We are now in 5 waves down

Anuj said...

@yoda
1 min data source for futures
you can get it from PIB...just as Ilango gets it for his hourly
Or other broker softwares as well(I guess)
you need to right click on one minutes chart and export data to desktop
hope it helps

Ilango said...

Hangseng, the only market which was down 2% this morning is reversing sharply upwards now.

teejay said...

@ yoda & anuj,

You can try ManshiRT software.

http://finance.groups.yahoo.com/group/ManshiRT/files/

It pulls RT data from your PIB market watch and creates RT datbase for Amibroker on local disk.

Previously I used its trail version , I worked for nicely for any time frames.

soha said...

illango sir can i buy nifty now

Manni said...

@Anuj

I usually see it in TT Adv s/w of india info.....
There's a historical chart option, where u can select the date criteria.

Ilango said...

@ Soha,

Below is my PreMarket view. Trade accordingly.

Trade: 5205 << 5235/5245 ---- 5275/5285 >> 5315+

Ilango said...

If this one is not the 5th wave, then the Bulls will become "extinct" for a while.(weeks/ months)

Yoda said...

Where exactly, Anuj? I confess: For years, Ilango would send me the file by email so I never learnt how to do it for myself.

(And nobody point fingers at my spoonfeeding - he's still doing it for all of us. lol!:p)

Yoda said...

teejay, thanks, someone's mentioned it before but I've never looked. I will.

raj lakhani said...

Looks like Fast Fall setup

wealth creator said...

i have intution that worst is over and market is going to blast upwards. I have reversed my short positions and am buying AS MUCH AS I CAN. Now very very bullish.

wealth creator said...

i have intution that worst is over and market is going to blast upwards. I have reversed my short positions and am buying AS MUCH AS I CAN. Now very very bullish.

Yoda said...

yes, wealth creator, I think we're out of the 5200s today and off to test the 5300/400/500 range.

Anuj said...

I just know about Indiabulls...(must be same for other brokers as well)
Select 1 minute chart
Then right click on the chart
Select tick list
The select Export...choose the location in your hard drive
And its done
Its fine for one or two stock cant do it for 1000 stocks!!

manu said...

Rg hi..
my sis at some majestic n bglore grey market
picking up some digi cam .,
is d place genuine r fake..

sryasdmurali said...

@Elango sir

Hangsung recovered now -164 prelunch session -277

expecting nuetral in FTSE opening

pankaj564 said...

Dera Ilangoji,

i feel we have completed 2nd sub wave of 5th upmoving wave
17373 to 17725 352 pts first up
17725 to 17457 268 pts dn (76.4%)
and we may be on 3rd up
view negated below 17457

Pankaj Shah

Rajagopal said...

"majestic n bglore" - circle ? I am not comfy. If grey, better near Home - u can speak to the seller at least (nothing will be done).

Ilango said...

@ manu,

It could be mostly chinese/ taiwan duplicates.

Ask her to go to "Big bazzar" shopping centres or any big malls...there are all kinds of sales going on.

Krish said...

Sir

I have 2 voices in my head..

We have made series of lower lows on the daily since June 21st(5367) with the exception of yesterday which seems that it is seeking lower.

While the other voice tells me that this is just basing before the blowout upside action going into the earnings.

I am confused and trying to do active risk management

PRO TRADER said...

USEFUL LINK

http://protradingblogs.blogspot.com/

REGARDS
PRO TRADER

wealth creator said...

my car's fuel tank is full. Clouds are away, and road to uphill is clear. Hoping not to find any bumps now.

Yoda said...
This comment has been removed by the author.
Yoda said...

I got it!! Thanks, Anuj!

teejay said...

@ yoda
in PIB itself ... for manual download open inrtady chart for specific script and right click, u will see export data option it will downlaod in csv format

Anuj said...

@pro trader
Thanks for turning the lights on :))
Now I should delete my favorites folder in my PC
Thanks

Yoda said...

ty teejay and Anuj, yay, finally I understand! Not difficult at all.:)

Ilango said...

@ Yoda,

Eureka..!!

@ Krish,

At such situations, go back few days ago and see your observations & conclusions. If you felt that a correction has commenced and then underway for the past 8-10 days, then look for it to reverse at the end of it.

Look at some stocks to show such a leadership.

sryasdmurali said...

@Elango Sir

FTSE opened now +23

manu said...

thnkoo Sir/Rg

Manni said...

Euro on the rise once again....close to yesterday highs....1.253 now.

ka said...

sir...not sure you got the hangseng timings...

their trade timings are like this...

Pre-opening session :
9.30-9.58 ( HKT )
Normal trading hours :
10-12.30 &
14.30-16.00 hrs ( HKT )

Ilango said...

@ Ka ,

I got it. The time lag is 2hr30mins.

Thank you.

bizagra said...

Ilango sir that day u gave that giving 2 more days for 5th wave scenario,
but today is 3rd day. If today it did not close above 5 day ema,
can we take 3rd wave down scenario?
Thanks

Ilango said...

@ Bizagra,

That is a high possibility, if Nifty fails to close above 5280-5285.

jay shah said...

bought nf at 5274 exited at 5271 3 ponts scalping loss + brokerage

ka said...

either hour low or day low is holding market !

Rajagopal said...

Fast Fall set up in DJ.
Faster Fall set up in Hangsen.
Drunken Doji in sub-wave x of wave ? in Nifty.

100% Income assured (for the brokers).

Anuj said...

@Raja paji
New weekend same old question..Do you think Senor Subbarao is going to deliver a doosra this weekend?
Did you notice any change in his body language or baldness (as last week you said that there was some "hair pulling "by the PM in G-20 meeting)
Dont worry about any arrows this time...as I dont have anything left...all have reached the target!
So should shorts in financial and real-estate sector be carried over the weekend?
Will eagerly wait to count the number of goats going for marriage or the butcher shop

Mr GG said...

Anything this confusing and frustrating must be the 'b' wave.

ka said...

interest is builing in 5300-600 call strikes...i mean only interest..so watch that !

regards

Anuj said...

Drunken Doji in sub-wave x of wave ? in Nifty.
:))

Rajagopal said...

Hi Anuj - Another man with lot of hair to pull (you+25yrs) was indicating that NO RATE HIKE SOON. Complimenting the SAFE HAIR Sen(i)or. Even if hiked it is going to be 50-75bps MAX, which can appease the market.

Banks are going to deliver the best results in Q2 - 10% on 50K Crore fresh loans.(additional business).

Anuj said...

@Mr GG and Ilango G
Anything this confusing and frustrating must be the 'b' wave.

Same is said for 4 th wave too I guess...we are also in 4th wave(larger time frame)
Am I right?

Rajagopal said...

"shorts in financial" oops I am long in Yes,Bob,SBI.
"Real Estate" - Short every brick and sand - will pay.(un-real estate).

Bakri kudh mala pehan liya - Shadi ho yah Shrardh usko kya patha?

Anuj said...

@yoda
Hope you understood the above comment of rajagopal
Dont feel afraid to as for explanation
It will help me too!!..LOL

Rajagopal said...

"Anything this confusing and frustrating must be the 'b' wave.

Same is said for 4 th wave too I guess"

"Drunken Doji in sub-wave x of wave ? in Nifty.
:))"

Anuj what difference? I make TA sound very simple.

manu said...

sir

time fr ur critics both jay mam and shiv sir view

Rajagopal said...

ho ho Anuj : The two haired ones are Dy Gov and PM. 50-75 was CMD HDFC Bank.
(Dy Gov looks like your photo with more while paint around).

San said...

Hai everyone

Nifty Futures chart showing bull flag (FUTURES).

http://niftychartsandpatterns.blogspot.com/2010/07/nifty-futures-four-hour-chart.html

Thank you

manu said...

Rg
dnt short realstate nw..
food inflation eased so no move by rBi ths friday..
jobs data seems already discounted in US
monday being holiday in US

its too confusing

Anuj said...

I can see my future..others who are interested can see this

http://www.mynews.in/News/dailyimage/news/c7218d5c-9d64-11de-9c86-000b5dabf613.jpg

Cheers :))

Anuj said...

Thanks manu for answering my query in short and simple way!!

Yoda said...

@Anuj, I'm usually happy if I understand one thing he says per day. Today's quota finished with his dog's tail in the cats mouth.:d

mok 11852206222016240633 said...

goodafternoon sir, friends,
hi anuj, manu, rg, az, yoda, and all
:)

Rajagopal said...

manu - not in Short in R.E. Waiting for levels in DLF and Uni(Short covered).

rate...reason was not to give all bad news together. Food Inflation will go up - truckers have revised the rates already.

manu said...

Anuj pa ji..
i m myself so confused so hw culd i answer u..
i m 100% hedged bias long..

Rajagopal said...

oh oh Sir,

Cut the Fattest Goat !!!

Welcome back Hard Working alien (name in numericals).

Janak said...

i have a feeling up that there is a nice TRAP being set up for BEARS here :-)

Yoda said...

Hi mok, nice of you to make an appearance.:)

Janak said...

"here" = at NIFTY FUTURES.....:-)

wealth creator said...

all eyes on ril. If ril can give push to nifty today!

Ilango said...

@ Manu,

Jay: Buy in May & holding.

Shiv: Quite busy with works.

@ Anuj,

If it is of any consolation or shock, Nifty is in a larger "B" wave from 2252/2539 lows of Oct.08/Mar.09 lows.
Within this larger B, the subwave "b" took many months in the range of 4000 to 5309.
Now the debate is whether the smaller "c" of B completed @ 5400 or still in progress for higher targets is the current dilemma.

If you search for "b" waves, you will find them everyday...SO it is one BIG confusion out there.

How can we complain then that no one shows liking for EW. It is a real mess.
But that is life and I like mess, I like confusion, commotion...I study better with good concentration if there is noise all around me.

I guess, you will like it too.

Yoda said...

They'll get a lot of bulls to close as well, Janak, if they keep it uncertain for longer.

mok 11852206222016240633 said...

hi yoda, rg,
free this afternoon,
took a risky long and waiting for channel [wedge] top :)

manu, u r hide&seeking az when he wants to put mt4 in your vaio :) like B wave :)

rg, when u r free, can try sorting out the login.

yoda, golfdude has promptly updated your googdoc,and it shows short scaring my long :)

manu said...

Thanx sir

seems Jay mam positional
and yourself an agressive trader ..

:)

Rajagopal said...

"and I like mess" I also Sir. If good food is available.

golfdude said...

@ilango sir,

OT...

Indians thrive in chaos. Atleast the urban folks. We are born into chaos and live it day to day. I remember my first couple of months in a US univ, it was so different - just the way the students thought and worked. I was a teaching assistant, and what was obvious to me was so difficult for them, and vice versa. I realized how little creativity I had, but I could do things faster if it was TOLD how to. And the students there were the right opposite. Same experience later in my career in the US.

I will give a simple example of thriving in chaos. In the US while driving, signs on roads are so obvious. But we are not used to it ( atleast not 20 yrs back ). So I used to doubt or just not read the sign and get lost. It was amazing to just realize that "what you see is what you get" - which I was not used to growing up in India.


-- gd

Yoda said...

It's long all the way, don't worry, mok.:) I think they're pushing it down to let it spring up - but up it should go.

Ilango said...

NEW POST DONE.

Anuj said...

Hi mok

thanks Ilango for EW update.Can you suggest a book on EW?
will have to study it in detail.

@rajagopal
Will use EW knowledge to confuse you
Cant see you take the "Oscar for OoT" everyday(jealous)...I just get stuck with nominations only :(
:))

Yoda said...

@mok,
I agree, gd's been doing a really terrific, prompt job on google docs.

Janak said...

Ilango Sir, did u rcv. my mail?

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