Tuesday, June 12, 2012

Nifty Intraday Update-II




62 comments:

shivanGupta said...

sir you said trend reversal in hourly so does this mean now possibility of making new low less.

Raghavendra said...

Sir,

Is contracting triangle developing on 2min chart for a upward break to 5083+ to complete "b" wave ?

Ilango said...

@ shivanGupta ,

5052, the morning resistance has become a pivot. Above & below the direction of prices for the reminder of the day.

S A M i T said...

Sir,
5083 is also 62 % of fall from 5124 to 5018..
Am I right ??

STOCK4SURE said...

ns trading in b/w 34ema and 55ema (near 7-8pts)since last 30min
emas may get converge soon then volatility will start

Unknown said...

sir, rising in DHEma and and rising in DLEma but developing pivot is below previous day pivot.is that suggesting something?.

shriram said...

aaah..

A higher 30mins candle close @ 12:30 (wr.t to entry @ 11:30)

now we may b in business, to seek 5090-5100...

STOCK4SURE said...

seems nifty waiting at last stop (5080)be4 5124

or will make U-turn from here(no entry abv 5084)

STOCK4SURE said...

shriram
now we may b in business, to seek 5090-5100..


plz let put some extra effort and take ns towards 5124

chhoti si aasha

shriram said...

nice trade shradha,

me too ... ata thoda araam kuryaaat with TSL :-)

Shradha Saburi said...

do not loose hopes it will go
keep watch on dollar index

Shradha Saburi said...

thanks Shriram
Jay!! JNSAR TREND

shriram said...

@ stock4sure:

Best we can do is to follow MAs , go along wid the flow & look for Real Body candle Roadblocks!

v difficult to predict where this will end :-)

Sujatha said...

Prabhat - shhhhhhhhh only happiness is - didn't cross my '89 ema" + EOD closing from 1st to 11th is showing some weakness for near term anybody observed what is that??? just a "timepass" as usual from my side

Shradha Saburi said...

look at dollar index how it is falling

Sanjay Jaiswal said...

Dear Ilango Sir & Blogmates,

OI Update at 1:00 PM

Thanks & Regards

Hemant Harke said...

@mynac Sir,
Todays action shifted to 5000 put

SJkolkata said...

Master,
Is it a clear 5 in 5 min chart from 5015 to 5089.50

Regards

Hemant Harke said...

Ilango Sir,
I think C started this HR
34HSMA is trading above 34HEMA

Hemant Harke said...

read as
34HRSMA is trading above 34HREMA

jayrang patel said...

Rising wedge in nifty bearish

Prithvi said...

Master,
can we consider that 'C' wave now start...

STOCK4SURE said...

bearish WW forming
pt 5 in formation will be abv 5110ns levels0ns levels intraday

Shradha Saburi said...

bull out or not out? decision is being awaited.

Sujatha said...

Shradha - don't allow above that and close below 5070 @ EOD

Ilango said...

@ SJkolkata ,

It is more like an "abc" as the opening move to 5052 does not show impulsive sub-waves.

Being resisted @ 50sma-5085.
More weakness if moves below 5063-200sma.

mynac said...

Afternoon Everybody...

J.R.Julius said...

Camarilla Intraday - Scenario 2
Nifty Futures
H4 5102[BUY]
H3 5077[SELL]
Personal Decision Advised.

SJkolkata said...

Thanks Ilango Sir.

STOCK4SURE said...

bearish WW forming
pt 5 in formation will be abv 5110ns level
correction may trgt 5070 levels intraday

Shradha Saburi said...

thanks maam!
we have to bribe umpire but let me out first.

mynac said...

Dear Hemant,
action shifted @5000 PE which is but natural..Let us.. Here Bulls have no any other option left but shall have to keep Nifty only up and up only..or you may say price has given this task.

Ilango said...

A break below 5050 could be taken as "c" having started.

"b" is a "sucker wave". To play safe, enter at appropriate support/ resistances.

Our resistances @ 5083-87 has held.(Premarket's res. @ 5090)

Manish said...

Good after noon master and all JN friends

@ master

i.Today Bollinger band strategy has helped while shorting the rise from 5045-5089.
ii.Has the "v" started with 'iv'having ended at 5089 ?

Regards Always !

NOBLE said...

@ master
as per calculation any target for "c" ?

STOCK4SURE said...

ns at 5068..confiuence of emas supp

as emas have nearly converged in 5 min charts

Hemant Harke said...

Thank You
Ilango and mynac sir

Ilango said...

Super Bullish possibility: Holding 5033-50, could mean "2nd wave" done @ 5017 this morning.

buggie advani said...

Time pass

A PARSEE (Bawa) was asked: "What's preferable? Parkinsons or Alzheimer's?" The wise Bawa answered: "Definately Parkinsons. Better to spill half a peg of scotch than to forget where you kept the bottle!!" CHEERS!!

prahalad said...

Ilangoji,

I asked a query yesterday for your earlier 5080 level. I got the answer last night after browsing the blog for 2-3 hours. 5080 was the strong support when nifty fell to 4531. Another interesting point I came to know that yearly H3@5078. We had good support there before falling towards 4770 and after closing below 5078, we had a good fall. Friday and yesterday, we had a up move but it closed below 5078. From my little TA knowledge I understand that trend is sell on rises till we close above 5078 EOD. I ask seniors to help and verify.

bizagra said...

Ilango sir...super bullish scenario works out..at wht level can i enter longs??thx

Nilesh Patil said...

a- 5125-5018=107
b- 5018-5087= 69
then c=a 5087-107 = 4980

mynac said...

Dear bizagra,
I think so he has already given 5040 for that.. at least..it is my understanding..

GaneshaSays said...

Rupee hits 56 again!

Kranti said...

Buggle Advani .. The whisky soill joke is too good.. as someone who is fond of whisky i enjoyed it thoroughly

Ilango said...

@ prahalad,

Good investigation and worthy contribution.

Month trend continues to be down.

We are following the market for the intra month rally.

J.R.Julius said...

Part booking@5057 & trail to breakeven can be
considered!

STOCK4SURE said...

rising wedge converting in chanell
5046 near is lower supp of chanell

Ilango said...

Now the struggle is around the 200sma.(5063)

shriram said...

--> back

@ buggie: Saras joke dikra !!!

34EMA still supporting @ 14:00 if close > 5058

mynac said...

From price action,it looks,sellers are trying very much hard to press Nifty @ much lower level but they look helpless...

Shradha Saburi said...

dollar index is choppy so europe

buggie advani said...

all well with DR sir looks absent

STOCK4SURE said...

some changes in WW pattern as pt 4 has formed a bit lower near 5058...trgts will be below 5040 and that may come tomorrow

Manish said...

Most difficult wave today

Whatever you may call this.

Ankit Shukla said...

What Shoudl I do Buy or sell wirh what target any guidence new member here

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