Tuesday, October 5, 2010

Nifty Intraday Update-II


48 comments:

RDP said...

@ Prashant
What signals did u use to sell NF @ 6220. Your analysis has been very accurate and I am keenly observing it with respect. Your reply will help me to learn more. Thanks.

shreyunik said...

Sir,

Just wanted a clarification, -if the top is confirmed today, would that be an interim top of wave 3 or with the possibility of higher highs in November as mentioned by you earlier or is it the final wave 5?

Prashant said...

@ RDP
I belived it to be an ABC correction in the
hourly chart. As the A touched 6141 The magnitude
of A came out to be 90 points.
61.8% retracement came at around 6195
The B should have restricted itself to 6195
So I sold when NS was 6188, corresponding value
of NF was 6220
As a directional move retraces the non-directional
in lesser time, the projection was that this C should
retrace the bounce in less than one and half hour i.e
by 1 PM.
All learnt from SIR

Sandy said...

Still need u Sunil/ Arpit

Sunil Sehgal said...

Sandy

6178.2 6188.30 6154.30 6164.95

shreyunik said...

Sir,
I am asking that because I hold a Nov NF long.

Prashant said...

trailed NF to 6210

Ilango said...

@ Shreyunik,

As long as Nifty manages to stay above 6140, TA remains UP.

@ dhiksuchi,

I noticed today in the first hour, 6171(Hr JNSAR) giving resistance.
Hence, thought of sharing.

Unlike the Daily JNSAR which is good for positional, this Hour JNSAR number could be treated as a pivot and traded. Depending on the market, the returns will vary.

BALA said...

Prashant

Will it possible to post the graph with markings and at that point RSI.Stock and MACD to see how going on. Just for learning purpose. Need not now itself leasurely

Thanks

Prashant said...

The fall from 6221 was in five waves,
the bounce had 3 waves
The third wave of the second fall is about to begin

RDP said...

@ Prashant
I am having NF hourly, and still looking for NS hourly chart. However, got the idea. This is my first day of applying EW in practice. Thanks a lot for the guidance. Will keep learning from you (and JN mates).

dare said...

hiii @ all vivid med lab & zylog system is hot stock for 2 day

Sunil Sehgal said...

Sandy,

6164.95 6167.05 6149.40 6159.75

Sunil

satheesh said...

Good afternoon Ilango sir and all,

Sir can you please post the chart with wave count??

Sandy said...

Still need u Sunil/ Arpit

Sunil Sehgal said...

Sandy already gave the lvls boss

Ilango said...

@ satheesh,

A chart uploaded. No change so far from the Premarket chart.

EssDeeWaves said...

New CHART Posted..

Upside retrace complete up-to two Blake line given at 10.39am post.

Now down side target--6138-6131(nifty future)..

Regards
Siddharth

smokinbeast said...

6165.25 , 6167.05 , 6149.4 , 6165.2

srry mate wass busy wid trades.. so cudnt update :)

Rajagopal said...

Friends - SHORTS be careful. Some +ve news in Japan look Nikki - Metals may get strong.
Thanks for the good wishes. Feeling very fine...Tell Mr Bachan "dard swaad hai".(Zandu Balm?)

manu said...

Sir & Family..

GA..

sir top n place for this series or frm 4950..??

rochak parekh said...

rajgopal

please dont use zandu balm in ur comments

company gonna sue u

like arbaz khan & malaika were sued

Sandy said...

No top till new high ++

manu said...

sorry sir ..didnt check frm 5349

Sujatha said...

RG sir - nikkei strong because of "bank rate cuts"?? @ their end or if Japan moves we may too? any way take care time permits thro some light

Rajagopal said...

Suja - In the last fortnight you are the Moon here. Only Sun can throw light on you !!!. Yes. You are right on Nikki.

rp - nice u r back on path ... leaving bankrupt companies and obsconding promotors. (Kouton on news "selling hotel business to get cash").

arvind said...

Dear RG,
Nice to hear u mate. I hope getting well slowly.
Arvind

DAKSHIT said...

llango sir, market is to volatile what to do positional? short or long

Rajagopal said...

ADANI ENT,POWER,MRPL,ESSAR OIL,CONCOR,SRFTRANSPORT FIN-SOME ONE BUYING BIG.

shreyunik said...

Whats the reason for such a high 50 points premium in Nov futures? Even Oct is at 30 points premium! What does it imply?

Rajagopal said...

shreyunik - it is Sugreev Challenging Vaali. Inviting shorts ???

rochak parekh said...

@ rg

thanks rg

with the help of well wishers like u & blessings of Shri Sai Nath, i have been always doing good. Recently, blog visitors were suggested to buy sintex @ 381, booked @ 444, within 5 days.

Koutons , i never thought of buying, nor i recommended, but ya, it did attract me, due to its oversold status & for remaining extremely extremely over sold for more than 3 session. However i had curiosity for it.

rochak parekh said...
This comment has been removed by the author.
Ananyavrat said...

another breakout on euro....??
nifty will not fall....just cant..

infact we might zoom before close

bizagra said...

Ilango sir, wht will b tomms JNSAR?Thanks.

Sandy said...

Still need u Sunil/ Arpit

Sunil Sehgal said...

Sandy,

6160 6179 6158.65 6168.05

Sunil

musti1780 said...

Looking at so huge premium we may find Nf 6300
in a day or 2,
mostly Premium rises before a big rise or some new move
I think this time .we may see 6300 if 6140NS holds.

bizagra said...

ilango sir, can we say JNSAr method is more safe?Till now this is wht i have seen, it triggers mostly when reversals happen,wht u say.Thinking of following it.

Sandy said...

Thanks Sunil/ Arpit now onwards I am able to handle through the site referred by Crorepathy.
I shall ask if I face a problem at any particular point of time.

dhiksuchi said...

Thank you Sir.
When the gap in RT Chart is 5 points,it worked by 20 points(downside),lets see what happens on upside & the gap is 10 points.

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