Monday, June 4, 2012

Nifty Intraday Update-III



90 comments:

nifty rider said...

2.30 factor important

Amol Sharma said...

if this upmove is part of bounce in downtrend then good to make short positon with proper SL
one big sl will be 4883

Prabhat said...

50 day ema & 13 day ema converging in the daily chart. Wonder what blast is expected (mostly upside) until tgts mentioned by mynac

mynac said...

Afternoon Everybody...

J.R.Julius said...

@Mr.Illango,
Many times Premium/Discount Traps while booking
stops arising if we use CAMARILLA SPOT.

Can I update CAMARILLA futures levels from
tomorrow or continue Spot? or any other
suggestions?

J.R.Julius said...

CAMARILLA traders - Patience Required.
Today Price action testing our patience!

Prosenjit said...

Illango sir,
I think the RSS link is broken for http://tradeinniftyonly.blogspot.in/ . I usually get rss feed for new post you do but from yesterday I am not getting any.

Thanks for all good work.

Nilesh Patil said...

नमस्कार श्रीराम,
मला वाटते इथून पुडे फक्त इडलीच खावी लागणार.

Nilesh Patil said...

नमस्कार म्य्नाकजी

Sujatha said...

shriram - :) yeah me too had pizza by the way u will get only mini idlis not the bada reason - ??.........

Anil - point to point missle done. dnoo abt rocket today i believe becoz of full moon day but still in the "mission" :) tank is full only thing is waiting for 2.35-45 time auspecious??sudden shoot 31/43 not ruled out "need Kalam'ji's help" (mynac) :)

Nilish - ji - enough idlis for today :)

suresh said...

julius ji,
u can start with pivotv,res and support also

mynac said...

सप्रेम नमस्कार निलेश...आणि दुसर अस कि भले डोसा खा किंवा इडली पण पोटाला मारू नका... जे हाणायच ते भरपेट हाणा;; अगदी हुं करून :)

Nilesh Patil said...

@Sujata Sis,
Close above 4827 and you will get dosa also.

Nilesh Patil said...

mynacji,
Lolz.............

STOCK4SURE said...

bearish WW developing in ns charts
trgt 4770

suresh said...

what is the reward/risk ratio ,general expectation
,min in intraday options

raghava said...

Sell Nifty Spot @ 4935 S.L.4937

invest24 said...

5ema is above 30ema

J.R.Julius said...

@Mr.Suresh,
Need permission from Adminji.
Posting more than 1 strategy some times
made new people to confuse.

shriram said...

illango ji

ZZ done .... ?

Dinesh Rishi said...

raghava

Plz dont post calls here, its against norms

mynac said...

Dear Anil,
Pl.don't laugh but after 4825-28,the next logical target is direct 4890 for tomorrow.It looks funny or you may say too ambitious but who knows if Nifty shall sustain above 4830 for the day then may try Developing WLEMA,WLEMA or even Developing MLEMA too,with the help of good Global cues..if there shall be any then..

Ilango said...

@ J.R.Julius ,

It is your choice. If it will reduce confusion caused by wide fluctuations in premium/ discount, go for NF values.

prakashbkc said...

DR sir,
I shorted BN at 9167. does any hope of coming to that level?

Sujatha said...

Raghava - Sell Nifty Spot @ 4935 S.L.4937

v still not even crossed 4835 y hurry for 4935 that too with 2 pnts SL????

vote4LDF said...

SIR HOURS JANSAR JANSR 10 TRIGERED ? ANY INTRADAY POSTION POSSIBLE?

Sujatha said...

mynaccccccccccc - :) :) bring bullet train too

Dinesh Rishi said...

Master

Earlier I use to do analysis on spot value

since when this pre-mkt trading started

I have switched to Fut price.

Im comfortable with Fut price.

J.R.Julius

Now Master has given green signal switch to NF :D

Ilango said...

@ Shriram,

It was expected to have been done at 4828.

Beyond 4828, the short term labeling gets a bullish bias.(And below bearish)

Dinesh Rishi said...

prakashbkc

Master gave Reversal values read his post on previous page

Below that chances are there above that change dress immediately

J.R.Julius said...

Camarilla Intraday Follow Up:
Trade1 : L4 SELL@4790 stop Matched & Trade Closed.
Trade2 : L3 BUY@4816 22+pts reached.
Partial booking & trailing can be done
by personal decision.

shriram said...

ok illango ji, in that case let look @ it as a 5wave A ?

can we expect a 38.2% retracement vide a B ?

or are you looking @ a different degree sir ?

raghava said...

Sujatha Mam,I was expected at day high level is 4835

Sourav Kundu said...

JNSAR is still 80-90 pts away... no fear for shorts.

vote4LDF said...

HELLO ANY ONE EXPLAIN MY QUERY PLS .............

J.R.Julius said...
This comment has been removed by the author.
Anil said...

@mynac

thanks for ur analysis...i do believe your analysis...sitting tight on longs initiated at 4785...thoda book karna chahiye near to 4840 i guess..bas yeah par karwa do fir sujatha ki bullet train waiting me hain...

mynac said...

Dear Sujatha,
Excited ?:) but A word of caution: In down trending market these types of steep up moves are sold out too swiftly...and generally are not sustainable... For any sustainable up move,consolidation is must...either,Hrly,Dily,Weekly or on Monthly basis.As per the situation..Even today's this Hrly.up-move took almost 5 Hrs.consolidation...

Dinesh Rishi said...

Till we close above Jun Month open price

we are still in woods

though till now daily & weekly candles are in green

But PT sitting on monthly candle.

prakashbkc said...

thanx DR sir for reply

suresh said...

can 4800 ce show a price of 145/150

shriram said...

21,34EMA 4835-4855 are successive resistances

We have either finished a 5wave or a 3wave ZZ...

if close < 4835 @ 3:00pm , can be a good short trade

mynac said...

Dear Anil,
Learning to watch market impartially...
Though most of the players were hoping Nifty below ABC or XYZ level today,tech table was suggesting halt @ lower level as it was oversold..
and All the best for your decision..

Sujatha said...

Mynac - v opened below 4800 level that's -ve positionally i agree but the retracement what u hv given is again withCAM weekly H3 + EST showing some +ve left + long term chart showing the line 4800 is good support Lbb protecting etc., etc., not overly +ve but would like to trade this also

Shradha Saburi said...

kadam kadam badaye jaa
khushike geet daye ja!

anmpatel said...

@master
conquer your FEAR here works. long 1 lot mininifty at 4789 to check myself. still holding. when to advice book profit. kindly guide. thanks a lot.

Sujatha said...

mynac - today itself?????

Ilango said...

4860 & 4881 are 50% & 61.8% retrace for the last fall from 4949 to 4770.

bb said...

Sujata:
Can I have your mail id. You are fabulous in prediction. Will like your thoughts.

Regrads
BB

STOCK4SURE said...

ns in green

moving up in anticipation of rate cut by RBI be4 18th june

Prabhat said...

@DR Sir: Can we go long in BN?

durga said...

vote4ldf,i think nifty not even closed above hhema, dlema.why hurry.since nifty has closed below dhema,sell on rises r waiting in the dark.in my opinion,wait till 34 ema is taken out. bye.you can still take if you r aggressive trader.

Indus said...

@Ilango

A short here with the golden ratio at stop loss??

shriram said...

30mins TA updates

Nifty has entered Res Zones 4855 (34EMA) & 4870 ahead

Dinesh Rishi said...

Prabhat

Nooooooooo

better late than never

Dinesh Rishi said...

Sis

@ what NF level I should clap my hands

to show u they r empty

anmpatel said...

resisted at DLEMA!!!

Sujatha said...

Prabhat - ?????????? danger wat u did since morning from excellent low 9045??? actually 383/450/550 and all profit booking level ..sometimes y u r also like me??? coming late to platform :P dont worry shorting level will come again once 20 sma not taken out decesively or else it will touch there and fall may accelarate.. hope DR-ji will show some "sodium light" on this :)

BB - hehe :) if i am wrong or SL hits u will dislike :D :D quite nature

Prabakar said...

Dear Mynac,

Two new high volume bar at 4834 & 4838.8, could we this as new SL?

Sujatha said...

DR - am thinking of double clap @ 4880/97 am i too greedy??? no i feel comparing to BN..56/68/79 first clap

shriram said...

Sujata..

Taking your advance blessings, m jumping for Idlis as close to 4855 as possible here.

Pls ensure to keep pressure cooker on full steam !! ;-)

Prabhat said...

@Sujatha ma'm: "Prabhat - ?????????? danger wat u did since morning from excellent low 9045??? "

Me - Blinking at terminal & pulling my hair confused what to do? Now i see i missed the train .. so trying to see if I should board the bull train or bear train... It may continue its upward journey tomorrow since it is oversold & bounced of today's low taking good support @4789 & later @4825.

Scared to enter now & hold positional.

prakashbkc said...

DR SIR,
BN at 9374 should i book loss & buy.
i totally loose confidence my brain not working
kindly help

Ilango said...

@ Indus,

Since this last fall was for the "5Th" wave which has already done 250 points and a likely close above DLEma would initiate a change in direction "IF Persisted".

Sujatha said...

shriram - OMG - please don't give chutney and sambar to him :( as i am eating pizza and dosa he likes idlis??? huh.. homecome let him and catch the bullet train

Dinesh Rishi said...

prakashbkc

biggest mistake trader does is

wrong entry & exit

Enter/exit only when JNSAR triggers

Indus said...

@Ilango

Yes...since I posted the comment, NS is trading
above DLEMA......will now wait till tomorrow, with
an eyeout for 5DEMA and 20 SMA with a close
watch on JNSAR

thank you

suresh said...

4800 ce has reached 144

prakashbkc said...

DR sir,

JNSAR for BN?

J.R.Julius said...

Camarilla Intraday Follow Up:
Trade1 : L4 SELL@4790 stop Matched & Trade Closed.
Trade2 : L3 BUY@4816
@22+pts reached Partial booking
Remaining Can be booked@4850

Overall Profit for those who stick to the rules
with Patience.

Indus said...

@Ilango

Bank Nifty trading above your immediate reversal
point of 9360....since it has been a leading indicator, could this be a pointer for further
upsides on nifty???

Dinesh Rishi said...

prakashbkc

http://wealthinnifty.blogspot.in/

Anil said...

@sujatha

NF 4860...

Indus said...

@prakashbkc

9500 BN JNSAR for today

shriram said...

Sujata Amma:

Dev. 5DEMA down. so DOSA allowed STRICTLY ONLY INTRA DAY :-)

wen 5DEMA turns up, then i will join for ur "special Onion Rava masaal " ;-))))))

Sujatha said...

Prabhat - stand up on the bench :) read my previous mail. again sensex the same place 56/86/152 it may touch

sandeep bhoite said...

Market cover almost 90 points from day low ,,, trend bullish hai ki bearish :) :) :)

mynac said...

Dear Prabhat,
Yes...one may keep it in mind for tomorrow's trading too...Thanks for the information..

J.R.Julius said...

Overall one could have booked 15 to 20pts Profits.
See you tomorrow friends. Bye.

Sujatha said...

shriram - done..

Anil - closed intra long with one set of mini idli

DR -ji - clapped @ first level

Bye for the day.

Dinesh Rishi said...

Sis

me also clapped @ 49

Now on Trigger only :D

prakashbkc said...

As always losing money is part of my trade.

shriram said...

hahaha... but sujata amma, this is not fair !

Mini idli available , but no "mini" dosa in market ??

may be we shud re-lable our codes as IDLI & SAMOSA.. mini can b aplicable to both then :-P

Bye, good day to all !

cheers

Dinesh Rishi said...

prakashbkc

1. dont touch BNF till you gain confidence in NF

2. Next NF trade we will do together with JNSAR levels

wish you all the best.

Sourav Kundu said...

Prabhat bhai,
Please yaar... JNSAR ke against mut jao... main haath jodkar binti karta hun... lene ke dene pad jayenge.

prakashbkc said...

Thanx DR sir for kind supoort. I have also shorted NF at 4800 & still keeping short short position in BNF?
I really donot understand whether i done right to keep BNF & NF short position?

shriram said...

Dear PrakashBKC,

Can u pl explain the logic behind shorting NF @ 4800?

Simple remedy to improve trading success rate:
1. Pl OPEN trade only on close of Time Frame, 30mins or Hour

2. OPEN long / or short , as close to SUPPORT REZ ZONES (see 30min candles and or 30min , Fibbo EMAs)

3.MOST IMPORTANT : Always trade ALONG THE DIRECTION of 5DEMA !!!


U will land a very high chance of making plus trades!

cheers

Dinesh Rishi said...

prakashbkc

@ any given time there should be only (R) only

one active trade.

dont trade Nifty & BN both

going 4 swimming :D

Neyaz said...

@dinesh.....well said....feeling tired so today i am going for swimming:p

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