Monday, June 18, 2012

Nifty Intraday Update-I



102 comments:

shiva said...

good morning,seniors..

shabsaif said...

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

anmpatel said...

thank god as master removed e.....

kapil said...

sir market up by .8% 5200 call down 4%
is that highly unusual?

Dinesh Rishi said...

Good Morning Master and copy to All

Jigar said...

No solution for EE yet ?

Pankaj said...

Does anyone know at what time RBI is going to make its much anticipated announcement?

Sujatha said...

Goodmorning sir and everybody :)

Gita - Your's "geeta - pretcher" = good.if close abve that may change the "long term trend" too hence i had doubt of this..waiting for "subba rao" as i am unable to meet him at person as "I am too busy" :D :D lolz

sushil said...

To pankaj,
11 A.M

anmpatel said...

if
1 is from 4770 to 5124=354
then 3 would be min 5046+354=5400!
am right seniors (who interested in EW)

Pankaj said...

Thanks a lot, Sushil and Cooldent!

anmpatel said...

Hi Cooldent
good morning.

mynac said...

GM Everybody,
Simple observation..
The intra uptrend will continue,till 5100 PE is trading below 44.. @ 10AM there is good 1 lac plus O.I. addition betw.43 @ 44 for 5100 PE in last 20 minutes...

Bye everybody.. have a nice day...

Ilango said...

@ anmpatel,

There is an alt. label - "ABC". IN such a scenario, the "C" could be 0.618 x A OR A=C or more.

Hence, first target would be:

354 x 0.618=219

5048+219=5267.

anmpatel said...

Oh...k
thats the way to calculate alt count...thanks master once again.
is there any method to count subwave of C master?
like i,ii,iii,iv,v. or we have to just follow paralleled trendline break only.
thanks.

Prithvi said...

ORB Broken Down side

Ilango said...

@ anmpatel,

is there any method to count subwave..?

Spotting waves could come by experience of detecting the "segments of a move from one point to another". There are characteristics to each wave and they behave in that way most often. Read characteristics of waves to identify them.

OR

Using trendlines in one scale down the time frame.

Sujatha said...

PT - pity bears :( only "bulls projection with horns" are coming out not even a "teddy" :) Let Mr. subba rao hoist "flag" during "independence day" y hurry now???

Anil - Are u watching the "long term" EMA i posted earlier??? exactly here close @ EOD will change the trend or else "in coming days pappa/mamma/teddy" all will come out

POWERTRADE said...

@Sujatha

RBI will be the mood dampener today :)

Bearish form tomorrow :D

Greece election failed to cheer our markets
now RBI will be the villain for bulls SL 5287

Ilango said...

5048-5096=48=1
5096-5077=19=2
5077-5112=35=(1)
5112-5101-5120-5099=13=(2)
5099-5146=47=i
5146-5130(5134)=16=ii
5134-5189=55=iii
5189-5172=17=iv
5172......=v

There could be changes if waves sub-divide further...

Perils of labelling such minute waves. But it helps to place correct stops.

anmpatel said...

@master
oh..ho..to much detail. iam new.

if i have to label daily chart then i have to use trendlines in hourly charts, is it so?
thanks.

Anil said...

@sujatha

chk mail...what a coincidence with ur levels...

Ilango said...

@ anmpatel,

What you say as "too much", I see it in "one look" at the chart.

But jotting them down for you took 2 minutes.

Start to label them as they appear "most obvious" to you.

And most importantly, "Accept the deviations gracefully" and "Alter the labels as the prices demand". If it does not come easy to you, wait till you are able to spot those segments of moves based on your technical study.

suresh said...

sir ji.
watching charts in 60 mts-tf with ema parameters
helps a lot in taking decisions during
5 mts -tf:
this helps to bridge the gap between
" knowing and acting"

suresh said...

sir ji,
this is a mkt of fastest finger "first"
both ,for entry and exit.

SURESH NIFTY said...

Hello Illango Sir, How important is fundamental things(RBI event)? Right now it is UPTREND...is it having a power to change the trend,,,when global cues are positive?

Ilango said...

@ suresh ,

When you have found such a helping sytem/ method, make sure you make/ translate them into successful trades.

anmpatel said...

@master
in any view/lable trend is up, right? if green or red both s/o upmove only the stop point we have to adjust. for that we have over JNSAR and hourly indicator and 9 hr RSI, 5EMA. can we combine all study to protect max profit?

suresh said...

sir ji,
DONE ,after that only i have written, with
confidence

Kiran said...

PT Sir,

RBI is not a trader inStock market, Not a speculator as well, They always try to give some clue before credit policy. e.g. They let our FM knows, OR even SBI chairman.... Just follow words from them...

Prabhat said...

@PT & Sujatha Ma'm: So something ... I want nifty below 4990.

Why no fireworks in nifty till now ... just 5 mins left.

Ilango said...

@ SURESH NIFTY,

"UPTREND" Loves bad news. Good news would either boost it further or create profit-booking points.

No one knows for sure these things.

But we know for sure what the prices have been hinting since it moved above 5DEma and day JNSAR some days ago. Should it mean we knew about greece election results in advance or RBI announcements..?

Only a person holding "large bets" would worry because of high stakes. Such a person could part book or hedge.

Sujatha said...

Prabhat - ella ri.. 5010 barubodhu in case solid downside comes good weekly CAM /FIBO/MONTHLY set up.BN has done it's party washing of 400-500 pnts is OK for it

POWERTRADE said...

@Sujatha

Teddy Teddy all the way :)

Sujatha said...

Anil - :) this kind of set up will occur rarely so v should not miss it :D CAM is the excellent one.. many times i missed ... many times i earned :)

PTTTTTTTTTTTTT

Prabhat said...

Yippie ..... " .... me saying prayers... "

Want bear phase to start in nifty ... it should atelast close near 5050 levels today ...

Currently teddy bears are out... want all papa & mama bears to be out in this week.

bizagra said...

Ilango sir...sud we use 5075 or 5055 as JNSAR now??

Indus said...

@Ilango

Trading below 5DEMA....as per your premarket comments, do we take this as first sell trigger?

Bhushan said...

Jai ho PT dev ki

Ashish Agarwal said...

Thanks to Sujatha and Shriram (he also spotted the ED in Nifty) for sharing their views. Helped me get more confidence in my bearish bias. Couldnt have timed it better today.
:)

Ashish Agarwal said...

This was a perfect case of "Buy the rumor and sell the fact".

suresh said...

sir ji,
need your comments.
can i use 30 mts-tf for earlier entry,
using the same parameters.instead of 60 mts

Sujatha said...

Prabhat - BN washing is "not clean" yet..yeh dil maange more as JNSAR touched + as per my cam first part booking done :) BN trade below 9756 is good or else it can move up again balance is positional want to hit JNSAR weekly too today itself :D

CDG said...

@Shriram
What happened? we expected this to happen on Friday? your 5092 levels are breached but too late,STOPLOSSES already hit. where to initiate trade now.

Sujatha said...

Prabhat - mm.. again i will watch out for "mayan" :) now it's "ON MODE" will come at 1 PM trading below my :"mayan" is no worry for me + EOD closing below is more good for me + close below JNSAR ... not too greedy... but possibility is very much opened

Prabhat said...

@Sujatha Ma'm: Heavy covering seen in 4600 puts. Looks like bulls are getting scared for the first time & hence booking profit.
I want BN closure below 9830 & nifty closure below 5080 for today. Too much fall in one day is not good. We must go slow & steady.

But I feel global mkts will be the party poopers for bears. Wonder what will be the 1:30 pm effect today.

shriram said...

@ CDG,

stoplosses hit ? had exited long trade after Friday 14.45 hrs !!

Now.. we wait for 12:00noon... if we get one more clsoe < 34EMA, 30mins , it will b a trigegr for Intraday SHORT

y? becoz we dont know if Dev 5DEMA will turn DOWN... tat will b known closer to 3:30pm

--> As far as EW count.... the ED count has FAILED > 5168 today (if one goes strictly as per EW Fibbo guidelines) !

@Illango ji: How are u seeing this fall ? Am scratchign my head again as far as EW goes now :-)

cheers

Ashish Agarwal said...

Prabhat Dude,

Most of global markets are overbought.. and in particular the US ones expect bernanke to announce QE today/tomorrow.. so... :)

Prabakar said...

@Sujatha,

Saturn-Easwer, heard your call. Came exactly out of Mr. Subbarao... :)

anmpatel said...

where is our great BULL
DR sir??
must be buying banknifty at this rate!!!

STOCK4SURE said...

this may be trap..be cautious with shorts
nifty may runup after europe opens towards 5200

Nilesh Patil said...

@PTji,
You are the Lead Indicator Of correction for me.

Sorry for kidding.:)

Ashish Agarwal said...

Shriram,
Dont know what Fibo guideline u r following, to me it looked OK.. plus a throwover above the upper trendline was a perfect set up..

suresh said...

sir ji,
please comment.
thanks

Prabhat said...

@Stockforsure: Sirjee... 5200 call has the highest OI of 74L. Today alone there is a huge 10L+ OI addition. Bulls are already out of steam after this huge rally. Now crossing 5200 will be very tough for them.

Indus said...

@Ilango

Below 200 SMA and 50 SMA....your comments please

Ashish Agarwal said...

subah subah bearish engulfing..

anmpatel said...

@shree ram
i was taking this fall as ii/3/C done at but master changed again the lable...the 'e' now JNSAR will only hope??

shriram said...

@ Ashish,

In a CT , wot shud be relation between "c" & "e" ?? :-)

Anywyas, this is only a academic Q, practically am the last person to b STRICT on Fibbo guidelines ....

Sub-Fractals are no longer always adhering to them

POWERTRADE said...

WATCH dollar --- shooting up

Arif said...
This comment has been removed by the author.
Ilango said...

@ shriram,

The impulsive labeling may get discarded and ABC may be retained.

Till 5055 or 5065, "B" could be in contention.

Failure would mean, "C" has ended already @ 5189.

Another alt. would be an "abc" (of A) done from 4770 to 5189 and "B" wave down is on.

nifty rider said...

i still wonder y nifty f went to 4763 when low was 4770...

cooldent said...

did the cam followers catch that?

CDG said...

@Nilesh Patil,

Seems your objective observation on DEATH CROSS in Nifty proves correct.

STOCK4SURE said...

prabhatji
these O.i datas are trap for retails as these are watched for trading by retail nowadays

jo dikhaya jaata hai wohi sach nahi hota hai

dikhate hai puck puck..rehta hai bho bho

Sujatha said...

Prabakar - :) :) may bless more next he will go and sit on " bernanke"'s tongue :D

Prabhat - shhhhhh my outside work cancelled :( before i am getting ready within 10 mins. mkt showing different colour..

Arif said...

Thanks Ilangoji for your suggestion "keep looking for 5 completion to book".
5 done from top !!

shriram said...

@ illango ji: tks sir.

Only prob now is the IRREGULAR FLAT also has a "b" where b > 138.2% x a :-(

will keep eyes on 5116 , 12:00noon will clarify

Arif said...

Waiting for the retracement.
Is 5110-15 will be good to go short again ?

anmpatel said...

@master
kindly post when u change labels intrahourly
thanks.

SURESH NIFTY said...

"PRICE" the ultimate indicator....!!!!

Nilesh Patil said...

@CDG,
Yes, But Need to close below 5dsma or trigger jnsar will give some boost in bear camp.

Ilango said...

Nifty has "Paused @ 5069, the death cross point" as of now.

Sustaining below it would be bearish.

prakashbkc said...

GM MASTER,

Any new trade as stoploss hitted of earlier trade?

Ilango said...

@ anmpatel ,

Didn't I do that in my reply to "Shriram".

SURESH NIFTY said...

5050 is 5 days DLEMA--Daily LOW.JNSAR SL hits

shriram said...

guys,

5DEMA will turn DOWN on EOD close < 5120

34EMA , 30mins is @ 5116 .... 2 hlf hr closes < 5116 @ 12noon will give a good short opportunity INTRADAY.

Check if u get the dev. 5-10HrEMA BEAR x-over for CONFIRMATION

cheers :-)

Ilango said...

@ anmpatel ,

Because we labelled the minute waves from 5048, breaking of 5146 would have alerted a trader that "impulsive nature" has ended.

Parimal said...

rediff money
11.44 AM - Following RBI's decision to keep all rates unchanged, the market has taken a sharp plunge from the highs of the day and is now trading with deep cuts, led by the rate-sensitive sectors. Sensex is trading at 16765, down 183 points from its previous close, and Nifty is at 5081, down 57 points. CNX Midcap index is down 1% and BSE Smallcap index is down 0.2%. The market breadth is negative with advances at 481 against declines of 846 on the NSE.

anmpatel said...

@master
thanks.
lets wait what market want now!!!

kapil said...

sir where i can look for red labelling from 5630 till toay?

Parimal said...

rediff money 11:49 AM - Credit Policy: Inflation rise may have led to RBI's status quo on rates, says Finance Minister, reports CNBC TV18. RBI need not consult government before mid-quarter review, he adds.

Ashish Agarwal said...

Shriram,
As far as ED is concerned, there are only a couple of rules, namely: waves overlap, C or 3rd wave is never the shortest, internal structure is 3-3-3-3-3, and ED occur at C or 5. If you are talking about fib relation between "c" and "e", are you referring to Glen Neely's Contracting triangle?

shriram said...

** small correction

Dev. 5DEMA wich has turned "DOWN" will be firm down only @ EOD close < 5090

(not 5120, wrongly typed earlier)

prakashbkc said...

GM DR sir,

Sir any new trade , i waiting ur reply.

shriram said...

Dear Ashish,

EDs are typically seen in markets losing steam of TREND... so, expecting THROW-OVER in an ED is the last thing one wud expect !

Throw-overs are MOST LIKELY IN CLEAN IMPULSES ..

Fibbo guidelines for CT generally restrict "e" to max =1 x c.... does this hold true in our case? Pls see once

satheesh said...

Nifty Hour 5-0 harmonic pattern:
Click Here

For details about 5-0 Bullish harmonic pattern

http://tradeessentials.blogspot.in/2012_06_03_archive.html

SURESH NIFTY said...

Hello prakashbkc,As Far As I know Illango sir,,just guide us,,he never tell us ENTRY & EXIST...Trading is always indiudal...see disclaimer...please don't mistake me

shriram said...

@ AShish:

contd...
In any case, this discussion is pure academic

Now, its 12:00noon & close is 2hlf hr candles < 34EMA ... and we have the SHort triger, tiem to act on it :-)

Ashish Agarwal said...

Shriram,
I really dont know where you got this inference of a "throw over" not being a part of ED.. sorry i dont think its worth discussing further..
As far as CT is concerned, its upto you if you really want to count the upmove from 4995 as a CT..

Dinesh Rishi said...

prakashbkc said...
GM DR sir,

Sir any new trade , i waiting ur reply.
========

Its no trading zone

You can go long above 5105 NF

and short if JNSAR triggers short

========

shriram said...

yes Ashish..

jus do ur thing.. dont worry too much on EW, play of the mind it is :-)

prakashbkc said...

I think Master guided the level of 5069(Death Cross).

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