Thursday, June 14, 2012

Nifty Intraday Update-I


K7 said...

Hi, Could you please advise what time the Inflation data will be out today. Thanks / K7

J.R.Julius said...

@Mr.Hari Hydrabad,
H4 5153
H3 5138
L3 5108
L4 5093

@Blog Mates,
See you on Monday - Bye.

anmpatel said...

HJNSAR is now more than HJ10SAR!!crossed

Ilango said...

Despite the weak technical indicators, Prices have been firm.

Every weakness finds buyers.

Keep very small SL for your trading positions, especially to the "Shorts".

K7 said...

Hi Julius, sorry what levels are these and how to read them for trading purpose..

anmpatel said...

Despite the weak technical people buying.Can we take it as euphoria.....!!
so price has to come donw to respect technicals otherwise what is the use of this BHEJAFRY studies??
would u like to comment?thanks.

Dinesh Rishi said...

Good Morning Master and copy to All

shivanGupta said...

sir me it looks b wave has five waves so does it still qualifies to be labled as b

anmpatel said...

b should 3 waves only. unbreakable rule...!!!

anmpatel said...

nifty doing nothing in 5min chart since morning. all EMAs horizontal.....

shriram said...

Morning everyone,

Bulls will rule > 5146 EOD

2hlf hr closes < 34EMA @ 5099 will trigger Shorts... & break of 5067 will be a 5DEMA Day TA reversal.

Have a gr8 day!

K7 said...

Hi, Could someone please advise what time the Inflation data will be out today. Thanks / K7

gauresh59 said...

@ anmpatel,

Dear every study is accompanied with knowledge.
It will become useable sooner or later.
Please never term any study as "BHEJAFRY"

Ilango said...

@ anmpatel,

Where is your discipline...?

What is the "Bheja fry"..?

Can't take the heat, Stay away.

This is not our home. It is the market with its own fickle mind.

chetas said...

Illango Sir,

Nifty Open low is same, and still maintaining is it bullish?

chetas said...

thanks for the immediate price answer :)

Prithvi said...

ORB break Down Side

anmpatel said...

i have discipline...
but i never seen such kind of price movement. so little anxious. right now i have no trade. waiting for your levels to come.
i am sure you are never wrong...
see.......orb broken.

Amol Sharma said...

NF ORB still not broken which low at 5105. expect to take que from inflation data.

chetas said...


The open low of NS stayed for 75 mts, So can we say short will work only 20 pts below it , using open low logic.

I remember once DR sir, had just put a stop loss of 20pts or so based on your advise of open low is same. on that day the open/low broke, but only by 7-8 pts and ended the day higher. DR sir came back to say that his position was in profit eod to his surprise.

Pls guide

CDG said...


You are correct the prices are not breaking down despite the weak technicals.
But one more objective observations is that it is not sustaining above the DHEMA either which is at 5109? Weak's HEMA is at 5096 and important level...

chetas said...

@ CDG,

yesterday Low also 5095,

I am short , not sure whether to hold or not, if 5095 brks will be a confirmation for me


dear sir
what is the starting point of wave 1?
is it 4770 ?

Nilesh Patil said...

50DSMA & 200DSMA are very close. I think there is fast rise or fast fall possibility exists.


GOOD MORNING SIR and all frnds and seniors

Ilango said...

@ anmpatel,

Please do not say..

"i am sure you are never wrong..."

Instead, let us just be "Objective".

shriram said...

Dear Nilesh,

Fast Rise or Falls are "FIRST CAUGHT" by EMA ...
SMA is more useful to identify Corrective phases (or possible end of correctives, look for divergence of price away from SMA Mean)

anmpatel said...

sorry again sir
holding ear after typing.

Sanjay Jaiswal said...

Dear Ilango Sir & Blogmates,

OI Update at 11:00 AM

Thanks & Regards

anmpatel said...

Doji in 11am HA hourly chart. next hr level is 5109. lets see.

anmpatel said...

anybody have inflation update??

Ilango said...

The moment "the blame game starts", you are escaping your own responsibility.

And once you shirk your responsibility, you can not succeed.

CDG said...

5109 was resisted again.

Ilango said...

This small consolidating channel from 5144 to current prices has its resistance @ 5120 for this hour.

It matches with our pre-Market's

"Weakness below 5121 and Strength above it."

Kris said...

To view spot prices in NOW press " Ctrl + I "
Then a window comes on the screen and in that right click with the mouse and select "Show Indices Dialog."
A small window opens and select the index you want then right click and "Add to Dlgbar"

Hope this helps.

Ilango said...


Isn't it clear that it is labelled from 4770 -i,ii,iii,iv,v of "1".


Lead Indicator is leading towards short but 5DEMA still intact...


thanks sir.
this is my initial face about waves that is why asking this question.

shriram said...

@Ilango ji,

How r u counting the EW lable down from 6339 @ IM Degree??

@ Nilesh : welcome , u can experiment wid 2 diferent windows one wid 5mins, 34SMA & other with 30mins, 34EMA, maja ahe, bagh jara :-)

anmpatel said...

if nifty break 5144 strongly, then what will be the alt counts. thanks.

Ilango said...

@ shriram,


6357 to 2253(2539): A
2539 to 6339......: B
6339 to 4531......: a
4531 to 5630......: (a)
5630 to 4770......: (b)
4770 to xxxx......: b

shriram said...

@ilango ji,

Tks sir.. wot bout

W: 6339-4729
X: 4729-5630
Ya : 5630-4770
Yb : 4770-5144** in play up

Tgts : Yb =50% = 5200 ; Yc = 61.8% = 5302

When can these lables be probable sir ?

shriram said...

** corrigendum Y "b" = 61.8% = 5302

STOCK4SURE said...

inflation data at 11.30am

CDG said...

first indication is that the inflation data is in favour of bulls

Ilango said...

@ shriram,

That is an alternate count labelled in "JustNifty TA file" since the 4531 lows 5 months ago.

This comes into play when prices take time to advance and technicals catch up faster and start to display some divergences.

Since month trend is down, such a possibility has the backing of the higher T/F TA.

anmpatel said...

OI increasing sharply with price.
and your fav KST is running south since morning.
any clue?

anmpatel said...

can we label c done at 5120 as channel broken. thanks.

CDG said...


The rise doesn't seem to be a typical 3rd wave rise. it is currently looking like a laboured one.

subho said...

Dinesh Rishi said...
subho said...
so drsir if orb is up....can i buy?

Yes you must

so wat is s/l?i put 15 min low is s/l is right or wrng sir?

Its right but if 15 mint range is bigger
keep 20 point SL

& if trend is up and ORB breaks down
buy @ low with the help of indicator you can use Sloc stock on 60 mint chart.............sir plzz tell wat is the meaning of sloc stock??? i cnt understand..& sir i trade only 4 stock

Ilango said...

@ CDG ,

It is showing "impulsive sub-waves" presently.

If it clears 5144 in lesser time than the time taken to reach 5099.75 of today's low, you have another "faster retracement signal".

subho said...

dr sir plzzz ans my question

CDG said...

Ok Thanks. how much time do we have now to cross 5144 to confirm 3rd wave??

anmpatel said...

can we label c done at 5120 as channel broken. thanks.

Gopal Kaliannan said...


Sir, I am new to this site and what should I know to start following you?...I know basics of ST...Any specific skills required?.

Ilango said...

@ CDG,

It took 6 hours to come down from 5144.90 to 5099.75.

@ anmpatel ,

It is a break-out. It seems a completion of 3.ii.

Prices should not fall below 5100.

Corrections are complex to read.

Nilesh Patil said...

@Gopal Kaliannan,
Read the following in the right side of the blog.
Always Start Trading with these
1. Trending or Sideways.?
2. Pivot, support & Resistance
3. ORB
4. Divergences + / -
5. Trade time cycle-Min/Hr/Day
6. SAR signals.
7. Trading Discipline
8. Tech. Table Reading.

buggie advani said...

@gopal kaliannan
sir and a lot of patience

prakashbkc said...

GM Master,
It took 6 hours to come down from 5144.90 to 5099.75.
Master it took 5 hrs as yesterday it make 5144 at 13:00hr & today 5099 at 10:50 am

Smita said...

Sir ,

Today I
Shorted below 5105 NS SL= Day high ( 5127)NS
NF was at 5106 .
Reasons to take trade were
Orb 5105-5127 ..
Techniclas were weak anyway and ORB broke and a 5 min candle closed below ORB low at 5100.

123 strategy also suggested a short below 5105 for the day .

Hr Jnsar was at 5107 and 30 min candle closed below that.

Moving the Sl= 5121 NS

The rise was soo fast by the time I hit square off NF was at 5134.

And now it breaks the low of the day ...
Where did I go wrong sir

satheesh said...

The Hour rising channel has broken below 5100NS!!

chetas said...

Now we have a Lower high and lower low, last 2 days, outside bar, followed by doji, so may be a reversal signal

numchar said...

5EMA and 50SMA still protected and new low created.
Divergence in hrly getting stronger and hr.indicators continue to be south .

Seems like more volatility ahead, before price gets aligned with trend.

Post a Comment