Tuesday, June 5, 2012

Nifty Intraday Update-I


90 comments:

shriram said...

Morning everyone!

2 half hr candle closes > 4855 & Nifty is Bullish on 30mins TA

EOD close > 4891 reqd to turn 5DEMA Up

Have a gr8 day, cheers!

Sujatha said...

GM sir and all :)

Shriram - thanks for the receipe :) now the pizza is so soft with cheese nd the dosa is crispyyyyy after 4886/88 taken out

DR-ji - BN sudden 40-60 pnts up on the cards now then nifty 4894?? BN gives 550 today then fine nifty will get 4914/18/48 waiting for 480 level of BN which is the deciding factor for my intra

shivanGupta said...

sir
when hourly lead indicator moves up from below 20 mark then up move is confirmed only when price move past 35 hr ma on hourly closing basis .........sir is my understanding correct.

Ilango said...

shivanGupta said...
sir
when hourly lead indicator moves up from below 20 mark then up move is confirmed only when price move past 35 hr ma on hourly closing basis .........sir is my understanding correct.
June 5, 2012 9:32 AM

Every method of "Entry" has its own strength/ weaknesses.
Your method has a lag to it though it is of a "conservative nature".

We follow 34 hr sma/ema, not 35 hr sma.

It is, finally, your choice.

I can never vouch for a method as the "returns" vary with each market...& historical performance is just a guideline.

Prabhat said...

@Sujatha Ma'm: Read your mail. Not much analysis - just initial opening trend, 1 quick contra trade made, very small profit made. Came out quick. Now waiting for right opportunity to enter again.

All talking about 4900 being taken out today, but I am jittery. I sense selling pressure & maybe in late afternoon it might reverse down. I very much agree with Bramesh sir's view in his blog. Shorts building up all along this upmove. So must be careful.

Indus said...

@Ilango

The 5DEMA to 55DEMA are sequenced in perfect
ascending order...is this bearish????

mynac said...

GM Everybody...

Sujatha said...

Prabhat - right me too.. y should be miss the lower price @ puts and nifty and high?? right 30 mnts google is fatty...but whenever it is fatty it may drag to one upmove then down

shriram said...

Ilango ji,

Pls check if another EW option possible,

Truncated impulse 5342-4805 & now Expanded Flat corrective to UP, thus:-


a 4805 5020 215
b 5020 4770 -250 -116.3%

C in play can do 161.8% x A

c 4770 5117.87 347.87 161.8%

Looks plausible to u ?

urs

channasri said...

Good morning Sir,

Since 4789 and 4770 are recent lows, will it be worthwhile to draw a line joining them and anticipate a new low. When I observed, it comes to about 4720-4730. Pls. advise me.

Best regards

Anil said...

@sujatha

4898

:)

Ilango said...

@ Indus,

It is bearish as long as "Nifty stays below 4888-4919" (5 -13 ema).

It is also possible, Nifty gets exhausted with this alignment which could set up a "reversal possibility".

It is the "context" that makes such an observation more relevant.

A descending alignment at the start of a 3 rd wave has huge gains to a trader.

Presently, there are doubts whether "3rd wave is in progress" OR "c.5 of B wave is terminating". Hence, some doubt lingers on the severity of downmove.

mynac said...

The way Nifty is trading above it's Hrly pivot and went up to 4890,shows Bulls command and intention..

Would like to see(wish)4925 today and 4950 tomorrow,to become this cat N mouse game more interesting.

VIJAY KUMAR said...

hi hello to all and very good morning

Ilango said...

@ shriram,

I'll keep that option "alive" since "Month trend is fully down" and an intra month rally would fit the scenario.

Sam said...

Sir,

We cannot subscibe to your blog via Google Reader(as we did earlier).

Please instal the feed widget.

Sam Cambatta

Mehar said...

Yes Sam,

June 1 EOD report is the last feed into my Google Reader.

anmpatel said...

@master
"conquer your 'FEAR' here" give me 100points now. still holding one lot mininifty and waiting for add position at JNSAR hit.
thanks to help in conquer my fear.

J.R.Julius said...

Camarilla Intraday Follow Up - Nifty Futures
Scenario 2
H4 4891[BUY]
H3 4866[SELL]

Note: 20pts Stoploss. Prices are for NIFTY JUNE 2012 FUTURES contract.

Sujatha said...

Anil - got down - now with ulta view with SL of 4918 SPOT AND BN 480/500 positional

Indus said...

@Ilango

Thank you

channasri said...

@Ilango Sir,

As we are seeing Nifty moving down from month to month since 5630 levels for last 3-4 months, I am thinking that June might give a rally from current levels until overbought situation in daily T/F. Pls. advise me if I am correct.

Best regards

Sujatha said...

mynac - oh no.. i missed ur post :( pls. don't na let it trade below 875 grinding

shriram said...

tks illango ji,

if 5DEMA turns up today, may b it will support the idea...

Ilango said...

@ channasri,

Remember: There are many "channels at work" at all times. Combining TA with channels would add more effectiveness.

Connecting 2008's 2253 and 2009's 2539, the day channel gets broken, weekly got dented
BUT
the month channel has held at 4770.

Your option would remain in contention till EOD prices confirm a reversal.

Dinesh Rishi said...

Good Morning Master and copy to All

bit busy 2day, wont be available

Shradha Saburi said...

Day 34 sma 5042today coming down
day 200 sma 5075
these are the crucial levels
month TA is bearish.
day JNSAR is 4927 trend is flat.
possibility if JNSAR triggers nearabout 80 points
yield possible but if it breaks 34 sma
then we can expect more
let us see

Ilango said...

The 3rd wave from 4770 low will be completing now(if not done already).

The correction should find support at the gap area.

anmpatel said...

Banknifty JNSAR hit long. what is deeloping JNSAR for bank nifty sir?

J.R.Julius said...

Camarilla Intraday Follow Up - Nifty Futures
Trade1: H3 4866[SELL] Triggered with 20pts Stoploss.

Ilango said...

@ channasri,

As stated earlier, it is the EOD prices which would confirm whether such a reversal is underway.

SANPOT said...

Good Morning Ilango Sir and all.
Sir, on 30 min chart Nifty is forming an expanding diagonal pattern and Nifty can move between 4800 and 5050 before a clear trend emerges. Pl corrrect me if wrong.

NOBLE said...

@ MASTER
SUPPORT AT GAP AREA !
PLZ.. GIVE VALUE...

Sanjay Jaiswal said...

Dear Ilango Sir & Blogmates,

OI Update at 11:00 AM

Thanks & Regards

SANPOT said...

Sir, pl read as expanding TRIANGLE.

sandeep said...

julius sir please explain if camarialla chart is of futures or ns very confused

prakashbkc said...

Master ,
u always say filter of 20 points on JNSAR on day of hit ,like that is filter of 50pts in BNJNSAR not advisable today?

J.R.Julius said...

@Mr.SANDEEP,
Clearly Told in Every Post of Mine.
All levels are Nifty Futures
H4 4891[BUY]
H3 4866[SELL]

As per my indicator H3 Sell triggered in futures!

Ilango said...

11.00AM TT & Chart Updated.

mynac said...

Dear Sujatha,
This was the famous dialog from Hindi film "DEEWAR" that
"Leader ki maut agar sahi vakt pe ho jati hai to vo hamesha ke liye amar ho jata hai... usaka jinda rahana hi hamare liye jaroori hai...

on the same line,even in down trending market too,if Buyers shall not come there for support,to lift market then how one shall get an opportunity to sell @ higher price ?

so one should wait for iron to get hot and then only strike...

Ilango said...

@ SANPOT,

The pattern is not clear enough.

@ NOBLE,

Gap is @ 4858 to 4864.

shabsaif said...

Good Morning....................

Ilango said...

@ prakashbkc,

BN has risen steeply from its lows. Hence, allow it to have a pull back to its gap area @ 9406-9433.

nifty rider said...

kudos to bull. tiered but playing well

Sujatha said...

Mynac - thanks for your views mm, BN is week below only 340 levels atleast it has to trade below 400 levels consistently but itching is trading below the resis. line 4886/88 is weak week HEMA JNSAR all nearby ..:) BN hit 480 is danger to bears for short term

anmpatel said...
This comment has been removed by the author.
Pankaj said...

Does anyone have volume data? What is that indicating?

Sujatha said...

nifty rider - don't worry - it may be clean BOLD by NEWS or LBW by the "RUPEE" if 4918 is not taken out on closing basis.

mynac said...

निलेश,श्रीराम,
निफ्टी ची आजची अंगलक्षणे मला ती येथे ४८९० च्या वर बाळसे धरायचा प्रयत्न करत असल्यची दिसतात.त्या मुळे दुपार नंतरचा सेशन हा नेहमी प्रमाणेच थरारक राहायची शक्यता दर्शविते.
अडीच पर्यंत ती येथेच आसपास लेझीम खेळेल नि दुपार नंतर मेन रोडला लागल्या नंतर मिरवणुकीत खरा रंग भरेल असे वाटते..बघुयात...

Prabhat said...

@Sujatha ma'm: I feel not to short until europe opens. Usually nifty rises from 12:15 to 1:15 after which it falls again till 2 pm. The final hour play comes in later to decide the course for the coming day.

The higher it goes, the better for bears since they can short at higher levels. As for me, I am waiting & biting my finger nails.. hope I dont start biting my toe nails too.

Indus said...

@Mynac!!!!!!!!!!!!!!!!English please

J.R.Julius said...

Camarilla Intraday Follow Up
Nifty Futures
Trade1: H3 4866[SELL] Triggered with SL@4886.
Partial Booking@4846 Remaining Trailing.

mynac said...

Dear indus,
Nothing special,
Just want to say that the way Nifty is holding and staying around 4890 since morning,it looks that it is gaining or you may say trying to gain some momentum for it's up-move beyond 4890 in the latter trading Hrs. for the day...would like to see 4925 today and 4950 tomorrow... Market is supreme so let us see..

J.R.Julius said...

Nifty Trying for New Intraday High....

abhishek said...

@ म्य्नाक नमस्कार .....

Nilesh Patil said...

mynac,
४८९५ चे वर ४९५० आहे पण एकदा सरांनी बोलल्याप्रमाणे ४८५० पर्यंत खाली येयील असे वाटते. पण ६३३९ ६१०० ५९०० ५७५० ची लक्ष्मणरेषा हा फार मोठा अडथला आहे असे मला वाटते. तो अडथळा ४८९५ ते ४९२५ मधे येतो. पाहूया काय होते ते.

Ilango said...

@ anmpatel,

BN's dev. JNSAR: 9467.

mynac said...

अभिषेक नमस्कार...:) Hello:)
Thanks Nilesh...

J.R.Julius said...

Traders don't need this:
Praying & Hoping.

Traders do need this:
Strategy - Simple & Clear Rules - Obey the Rules.

channasri said...

Dear Sir,

Many thanks for both advises.

In your spare time, please advise me regarding below strategy.

Long trade when EOD above 3DEMA. Short trade otherwise. EOD & 3DEMA calculated at 3-25 pm based on 30 sma 1 min chart. When checked for last 2 months, I found that profits are very good if one can book profits intra day n re-enter by keeping previous day's 3DEMA by using long/short strategy mentioned above. However, I am not sure of intra day parameters to be followed.

Kindly advise. This is very important to me since I want to follow this for both Nifty and BN.

Best regards

anmpatel said...

@master
thanks.
one more help required. like nifty can we get hourly banknifty data and update excel sheet so we can also conquer our fear in banknifty too!!!
thanks.

mynac said...

Since morning in first 3 Hrs.almost 3 lac addition is there in 4900 PE..which looks interesting here when Nifty is trading around 4890... It looks Bulls have make up their mind...

J.R.Julius said...

DH broke!
CAM shorters strict stoploss@4886(nifty futures)

Prabhat said...

@DR Sir: BN ready to blast by another 70-80 pts?

cooldent said...

Sir,

Any chances of mid point crisis?

prakashbkc said...

PS sir,
any entry pt for Long on Nifty found?

Sujatha said...

Prabhat - very true. Instead biting your nail eat "lollypup" for timepass :) will be very happy if 4900 not taken out..but mm... mmm.. Mr. market is supreme i hv to "bow"

Jagan said...

@cooldent.
Thought of asking the same question.

Piyush Sharda said...

@prakash bkc sir has put jnsar 4915. that will be long entry point if u follow jnsar

Ilango said...

@ channasri ,

You seem to be in a hurry and have chosen 3 DEma.

If it produces good results, carry on with it. Don't discuss it further. Just do it.

shriram said...

namaskar mynac,

sorry , kamaat adaklo tyamule tumcha msg ushira vachala

EOD close > 4891 will definitely make this GREEN , 100% takke sahmat ahe :-)

sri said...

Hi mynac,

can we read the addition like this...

4% addition in NF alongwith 8% in 4800PE & 13.5% in 4900CE. And, importantly, price action is firm supporting the pile up.

Seems some more cream left in the run up..what do you say ?

regards

Tushar said...

is there any negative divergence in 5 min nifty charts ?

anmpatel said...

@Master
what will be DHEMA for banknifty today?

nifty rider said...

@sujata
it will not happen today,i guess.for me bulls remain weak if they wont cross 4940.

anmpatel said...

9hr RSI reaching near 100.....some cooling required? experts???

anmpatel said...

@Master
what will be DHEMA for banknifty today?

Sourav Kundu said...

Nifty seems to be resting after the upmove.. time to add onto the shorts with a strict SL of JNSAR. No 20 pts filter now :) :)

mynac said...

Dear sri,
Very true... I second you....Nevertheless,one may keep his eye on Hrly.TT File in-between for entry & exit...As well as in trending market one has to develop the practice to book profits while trading against the trend @ regular intervals.

Indus said...

@anmpatel

DHEMA is 9502

mynac said...

Dear anmpatel,
Thanks for your alert..

sandeep bhoite said...

from Last 7 hrly candle price able to make nearly open & low same showing strength , May be indication of reversal ,, Lets c

anmpatel said...

4900 looking strong supply area......once it passed.....then!!!

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