Wednesday, June 6, 2012

Nifty Intraday Update-II


123 comments:

parminder said...

Master
EE done
☺☺

Kumar Technicals said...

Parminder Ji!

Sat Sri akal...Kyon Paap laga rahe ho Pam ji CHARAN SPURSH kah ke, V all r like good frnds here:)

VIJAY KUMAR said...

master ji
can we take a small short from here. look like ready to go down.
plz suggest me.

Amol Sharma said...
This comment has been removed by the author.
numchar said...

Sir,

Hourly close is above 5280-5020 trendline , can we assume that as broken now ?

oru_indian said...

Dear Ilangoji,

EE done.

rgds~Ajith

Dinesh Rishi said...

Amol Sharma

once is sufficient

need not to login

Sourav Kundu said...

I have realized one thing... thought of sharing.
I was never in for part booking once a JNSAR trade is taken... though Ilango Sir always suggested that, I found it not a good idea since it cuts down your capability to earn more. I follow only and only JNSAR... nothing else. I do not have the intelligence to track complicated stuff.... just plain vanilla JNSAR.

But then, since the last few JNSAR triggers have happened in these trading zones... and without part booking [with only JNSAR as the trigger] it was becoming difficult to see green in my trades, though being follower of the system. Something somewhere was wrong with me.

Result: I realized that it was my lack of experience in the market which did not allow me to follow the part booking option. Part booking not only locks in the profits, it also keeps you in the direction of the trade.

Ilango Sir,
Thank you so much for giving me an opportunity to learn this is such a nice way.

DKG said...

@ Vijay Kumar,

Why this kolaveri D?? Tumahara aaj pehla din hai jara shant raho yaar...

Amol Sharma said...
This comment has been removed by the author.
mynac said...

14 HR rsi @ peak...

Dinesh Rishi said...

Pankaj

click on my profile from there u can get my
e-mail ID

send me test mail

I will send you EE details

Friends all who want to know about EE can also
send me test mail.

J.R.Julius said...

@Mr.DKG,
In futures below 4918 Intraday Selling may start.
I may be wrong. I post this level based on past
observation.

Dinesh Rishi said...

Amol Sharma

delete ur comment 12:16 wala

once is sufficient
=============================
Dinesh Rishi said...
Amol Sharma

once is sufficient

need not to login
June 6, 2012 12:14 PM

numchar said...

Seems like some cooling off required , shorter time frame weakness creeping in.

J.R.Julius said...

Just for Observation/Paper Trade

My Approach of Gann support as per Intraday Data
*/Nifty Futures Paper Trade/*
SELL may start Below 4918.92
for the targets of 4898.49, 4878.10, 4857.75
with stop above day high.

Indus said...

@PT

The bear is hibernating....has winter come early
for you...:):)

Where r u???....still in the bear cartel with you

LOLOLO

VIJAY KUMAR said...

master ji
do u really feel that nifty will go 5000 today.
I think not going anywhere now. will go down from here. or will close here up/down.

Kumar Technicals said...

Dear VIJAY KUMAR!

Shaant Gadadhari Bheem Shaant, If you are new then first learn & then try to earn. This market gives you orange cap first & if you dont know to hold then it will take back alongwith your shirt too so first keep ur profits tightly with you:)

Amol Sharma said...

nifty weekly R1 at 4964 .

nifty rider said...

bears start smelling honey

cooldent said...

DR sir why this kolaveri?

spot making new highs but nf lagging behind :((

Gita said...

Hi,

GM All.

I've been following this blog for the past 3 months... this blog is just amazing! I'm in the process of learning n all your valuable inputs are very useful for beginners like me.

Many have mentioned 'EE done'. What is EE? Thanks.

DKG said...

Agree with Dr. Kumar, "Shaant Gadadhari Bheem Shaant" otherwise mkt aap ko 'Shaant' karva degi.

parminder said...

Dr kumar,
aap jaise bade logon ke charan sparsh to karne hi chahiye jinka dil sone ka ho aur zuban par saraswati baithi ho.
Regards
☺☺

Dinesh Rishi said...

Priti
pankaj
hemansidam
vijanajay
teejay.tarun
v.chenno

all have received EE details

some still thinking should they ask or not

Just do it

Jigar said...

@parminder ji ,
please check your email .

POWERTRADE said...

Me3in to Bus EE hi kar raha hun as mere liye aj kuch nahin hain :)

Amol Sharma said...

almost eaten previous week candle body

Amol Sharma said...

nifty futures stop at 4939 because its previous week open price Am I right ?

Dinesh Rishi said...

gauravsehgal
karnikskedar
gita

Now you also Know whatz EE,

have you done it?

anmpatel said...

@master
cash nifty making new highs, but future stucked at 4925-4935 range.
is it suggest anything fishy?

Prithvi said...

Master,
The price is not going up with lead indicators.

Kumar Technicals said...

Dear Pam!

Thanx for ur kind words but i always like ur +ve attitude. If one speaks with honesty & good intentions then MAA SARASWATI also support. Have a blessed day:)

Dear DKG!

LOL, practical comment "Market shaant karwa degi"

Ilango said...

Intraday trading is mostly based on previous day's technicals and hence the "first session plays out mostly as per plan".

Later part is mostly "guess work" which generally takes away your winnings of the 1st session if not handled properly.

Sofar, the day is progressing as a "Trending day". Weakness would be visible when prev. hour low or prev. 2 hour lows are broken.

Keep catching your "Jack rabbits" whenever they present themselves infront of you..(Make those good trades)

Gaurav Sehgal said...

DR sir,

yes EE done!

tx!

Dinesh Rishi said...

parminder ji

SSA

thanks for load shedding

I know money makes the mare go

& profit make trader active

Hari_Hyderabad said...

Good afternoon master and jn family

EE done

parminder said...

hi , jigar hope u recd mail

VIJAY KUMAR said...

kumar sir ji aapse baat kerte kerte neeche aa gaya jitna mujhe chahiye tha aap bahut ache or lucky he. aap bhool gaye honge lekin mahino pehle aapki baat maanker mene apna earning record banaya tha.aap to mere favourite senior me se ho

parminder said...

Master ilango,
Since morning mkt is making new high bt MACD is not.Dicey
kindly guide??
☺☺

Dinesh Rishi said...

ansh
archer
numchar
accsooty

also received EE

I know few are still thinking shy 2 ask

STOCK4SURE said...

strong addition in O.I in 4900 and 4800pe

Pankaj said...

EE Done! Thanks to Rishi for letting me know.

STOCK4SURE said...

13ema still intact in 5 min charts
at 4951 now

Dinesh Rishi said...

SOBISH184

Plz dont post email ID here

spammer will pick ur ID and spam you

Yu can delete the post ur mail received

Ilango said...

"5020 to 4770" took 25 Hours.

17 Hours have gone by.

7 Hours to go for a "faster retracement of 5020" to signal a reversal confirmation.

J.R.Julius said...

@Mr.Cooldent,
///Spot made New High - But NF not Made///
Nice observation.

Dinesh Rishi said...

"sobish soman"
"sanjay chowdhury"
aaanandam
kkr555

also received EE

STOCK4SURE said...

fut is not keeping pace with spot

what does it indicating???
any advice plz

is it FIIS started buyingin cash??

Dinesh Rishi said...

Kumar Sir

puranna geet yaad aa gaya

http://www.youtube.com/watch?v=WLkA9Hopw_g

gkm223 said...

europe will cheer after rate cut, our market is cheering before, with hope.

Ilango said...

Trading above weekly pivot @ 4898, Wk.R1:4964 done.

SOBISH184 said...

dr yes im recived
tx

Kumar Technicals said...

D R Ji!

LOL, aap Mahaan hain sir:)

Dear VIJAY KUMAR!

So its not your 1st day here?

VIJAY KUMAR said...

ruppees is going down thats why pressure on nifty and bank nifty

sushil said...

To All
Just4 info- Moody's, the credit rating agency, has downgraded six German banks, including the country's second largest lender Commerzbank.

VIJAY KUMAR said...

http://www.forexpros.com/currencies/usd-inr-chart

live chart of doller/rupees

cooldent said...

sushil

moodys aaj kal bahut moody ban gaya hai.

Dinesh Rishi said...

hellohbk
"ganesh lingam"
"Krunal Gajjar"
vijayanaruna

also received EE

Rocks said...

Thanks a lot sir.. sorry for late reply.. Got held up in family call..

The link will keep me occupied for some time ..

Ilango said...

1.00PM TT Updated.

Intraday weakness below "4940".

Sanjay Jaiswal said...

Dear Ilango Sir & Blogmates,

OI Update at 01:00 PM

Thanks & Regards

VIJAY KUMAR said...

spain industrial output fall on level of 2year
and moddy cut ratting of german banks

Dinesh Rishi said...

Anand Sharma

to me
Great Thought - Wonder why I did not do it earlier.

Thank You & God Bless.

rrknan said...

Persistent -ive divergence in yahoo 5min charts, MCD, RSI and stoch. can somebody confirm

J.R.Julius said...

Is it irrelevant posting here about Risk&Reward test and conclusion of a Trade Genius who is one
of my inspirations?

Dinesh Rishi said...

indusino
chetan.armaan
,parkerspidy


have also received EE

STOCK4SURE said...

is thr any possibilty of nf short covering near eod to keep pace with ns
near 25pts disc

J.R.Julius said...

Is it irrelevant posting here about Risk&Reward
test and conclusion of a Trade Genius who is one
of my inspirations?

nifty rider said...

bulls asking rate jyada hai.go for big shots or game will b over for u

Indus said...

@PT/Sujatha

Time for THUD?????

STOCK4SURE said...

expecting close near days high..may be near 4978 and a gap up tomm for 5000

any 1 with me???

Dinesh Rishi said...

brb in half n hr

keep on sending test mail for EE

will reply after returning

raghava said...

Today Nifty Didn't crossed 4970.81

Ilango said...

@ J.R.Julius,

Please post the experiences of a "Trade genius" on Risk/Reward Test.

Sourav Kundu said...

Err... raghava were you saying something? ;)

nifty rider said...

tats well played bulls

J.R.Julius said...

@Mr.Illango Sir, Thanks.
Its for educative purpose only. Me too done the
same tests in BNF as paper trade, it endup in
profits - Soon I will share my backtest to JNSAR
family with modified rules.

Those who wish to see the whole artile kindly
search in google "Case Study – Random Entry & Risk Reward in Forex Trading Nial Fuller"

As Link sharing is blocked I gave article labels!

mynac said...

Just have a look @ NF top..it's hardly 4950...huge discount...abnormal

Nilesh Patil said...

@Master,
After sl trigar in consarvative trade can we reverse to go long.

Ilango said...

4770 to 4899=129 points

Equality:

4848 + 129 = 4977.(Min.target)

Sourav Kundu said...

Dear mynac,
I'm unable to understand what that means... can you throw some light please?

Ilango said...

And there is 2 more hours to go...!!!

STOCK4SURE said...

expected 4978 near eod

yeh to abhi aa gaya

Ilango said...

@ Nilesh Patil,

Conservative Trade is "Long @ 4835NF" from 05th June.

Ilango said...
Conservative Trade: Change "Sell @ 4950" to "Part book @ 4950-75".

Reason:

If 4770 to 4899 is "a"=128 pts.
Then "c" could be 4848+129=4977(Right into supply zone).

However,

If 4770 to 4899 is "i"=128 pts,
then "iii" could be more than 128pts.

Besides R3 for the day is @ 4948.

isliye...part profit book.
June 6, 2012 9:54 AM

daiyamt said...

@ Sourav Kundu

"Part booking not only locks in the profits, it also keeps you in the direction of the trade."

...you have said it....keeps you in the direction of the trade. it's important.

Kumar Technicals said...

4925 sustained on hourly so now every resistance will be crossed....5050-5100 calling:)

Kranti said...

Dear Ilango..

In your pre market analysis you have mentioned 4976 is a strong supply zone.. Is it right to short here ?

Sujatha said...

Anil - :) :) but will be available @ mail

cooldent said...

gap of 31st done
gap of 30th done

prakashbkc said...

PLZ nifty fall fall

Anil said...

@sujatha

:)

yes two levels 4990 and 5008
4945- not good...

Ilango said...

@ Kranti,

It is a broad resistance zone - 4976 to 5039.

The Daily channel resistance too comes around 5040.(Connecting the tops of 5630, 5342.)

OI data shows more PE writing.

I would say, one should wait for some wekaness to be visible such as "Prev. Hour or Prev. 2 Hour low break" OR "Prev. day low or Prev.2 day low break".

Allow it to rise some more..Lets wait & see how EOD TA looks.

TT would give some early hints.

Prabakar said...

Dear mynac,

Pl. let us know significance of the huge discount of NF?

Could you pl. check mail when time permits.

Thanks.

Kranti said...

Thank you so much Ilango

mynac said...

Dear Sourav Kundu,

Nifty's present upward momentum is very much strong and no doubt about the same,so just take following as "Just Second Thought"

Just have a look @ yesterday's close values for both.. the discount was 17 points and now when
Nifty is closer to 5000,that increased up to almost 30 points...means either those who have sold NF are sure that this move would not live too long or they would pull Nifty down in coming days...

Again Pl.remember this is just second thought and nothing more...

satheesh said...

Namaste Ilango sir and all,

4980 - 200 Hr MA
4970 -26 DEMA
5003 - 34 DSMA

gkm223 said...

4990 abto aaja

pravin said...

Dear Sir & Blogmates,
Can anyone provide me last 1 or 2 months 5min NIFTY spot data?
Thanks & Regards.

Ilango said...

@ pravin,

Send a test mail to me for the 5-min data.

anmpatel said...

@mynac
"3rd thought": can v expect short covering at end of the day?!

mynac said...

Dear anmpatel,
Why not ? but probably after Hrly.tech tables cooling off..

DKG said...

Jo abhi bhi 'Short' hain apna apna haath khada karo...

jay shah said...

Dear Mynac i have a diffent view i have noticed this that wen the discount is increasing and prices too increase it means bears are trapped as there is cash buyingand every dip there will be buying support from shorts. But prices must rise with rise in discount.

VIJAY KUMAR said...

ILANGO SIR

advise me to take short. where should i enter

STOCK4SURE said...

wish to see these type of days frequently next week

chhoti si aasha

Dinesh Rishi said...

prakashbkc said...
PLZ nifty fall fall


cant help -
Master can give you levels but cant change your fate :(

Pankaj said...

Vijay Kumar,
Why do not you follow the chart and TT table provided above?

anmpatel said...

@mynac
so we can carry long made at JNSAR hit carry at home without part book as nifty also close above dhema?

Dinesh Rishi said...

mocha
sarvajitpatel
lugietaneja
vine
tejpreet


have received EE

AimNifty said...

@mynac,

Discount has increased in NF today. If shorts are covered then NF should have premium. Let us see at EOD whether NF come in premium or at least reduce discount. May be buy on rumor and sell on news is being played. I will not take overnight long. What do you say?

Ilango said...

New Post Done.

veer said...

@Ilango

Normally the third main wave will have sub waves. In that case, in what MAXIMUM ratio can the sub wave (i) of 3 can go as compared with the main wave 1.

Pls educate.

Regards,

Veer

pravin said...

@Ilango,
Thanks. Test mail sent.
Regards.

mynac said...

Dear jay shah,Bears are not just trapped but Bulls have even taken off their pants too...:) No doubt...

Dear anmpatel,

Now when it is trading far away from JNSAR it's personal choice when to book part profit...

I would like to watch Dear Ilango's 5020..

Now The forth thought::)

If positive global cues shall be there tomorrow @ the time of opening then who knows Bulls may try even further gap up..:)Nevertheless one cannot deny the least possibility of at-least Hrly.cooling off...

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