Thursday, June 14, 2012

Nifty Intraday Update-II


55 comments:

Amol Sharma said...

finally looks like broken down ??

Hitendra said...

NS below 5100 ...

satheesh said...

Reposting,

The Hour rising channel has broken down below 5100NS.

CDG said...

@Ilango
This will now confirm that we are in "C". correct? what is the minimum target. should JNSAR 5011 can be possible answer??

OptionWriter said...

DR Sir,

DRSAR Triggered for short otherwise what will be the level

Ilango said...

@ Smita,

Especially during "events"(Inflation data release), the markets have a way of taking many SL kept around day's high or low and resume its journey.

Sometimes you keep 5 points more than day's high & that day market may move 6 points more & fall.
Certain times, we lose a good trade because of market's volatility.

When market fell second time below 5121, a "short" could have been taken.

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

Now Nifty is at Pre-market's support zone...5074-5082(5083.65)

Ilango said...

Nifty Pre-Market View.
= = = = = = = = = = =

Nifty is overbought with negative divergences in Hour T/F and
it just managed to close above 5121-HEma/Today's Pivot/MEma: Weakness below this.
5074-5082-there are multiple supports-50sma/5sma/34Hr sma/50% retrace/Cam's L5/Classic Pivot's S2.
ST Bearish below this.
Above 5144, it still needs to overcome the "Earlier support turned resistances" @ 5170-5185.
Both "green" & "Red" has a correction "down" to deal with "being below 5144", the difference being in their quantum...5074-82..OR 5012-23.

anmpatel said...

nearly 5lac nifty long liquidation because OI decrease with price.

bizagra said...

Ilango sir..if we dont break 5072-84 and moves up again...some kind of rising wedge in making in last 3 days action??

Smita said...

Sir 2 min candle shows a high of 5127 and low of 5108 , For me catching that is very very difficult .

subho said...

sir i trade in only stock... how i calculate jnsar level in stock fut plzz help????

STOCK4SURE said...

5084 near also lies supp of line joining prev 2 lows in 5 day charts

cooldent said...

subho

http://wealthinnifty.blogspot.in/

satheesh said...

@ subho,

Ilango sir posts JNSAR for stocks in his other blog wealthinnifty.blogspot.in

STOCK4SURE said...

nf lows 5081...
guess
may retest again once intraday

Ilango said...

34 HrSma has risen to 5082 Now.

GaneshaSays said...

In my view, markets will correct further as longs r trapped at higher level now which r looking for an exit opportunity, along with rising wedge it is difficult for markets to go high.

San said...

NIFTY Chart analysis : CLICK HERE

shriram said...

Ok tks ilango ji,

sorry for the delay, some probs wid wireless @ IGIA

Now one more 30min candle close below 5100 & shorts will gain upper hand..

numchar said...

Sir ,

Whats the price lower channel meeting point ?
Does it coincides with 34HrSma , 50SMA and other critical supports? or lower than that.

subho said...

@sateesh i know dear... wealthinnifty is bank nifty blog basically....i wish own i calulate jnsar level any stock so i ask the question hoow i calculate jnsar in any stock & mcx...hope i clear my doubt

subho said...

@ ilango sir plzzzz clear my doubt

prahalad said...

It seems everyone putting lot of pressure on Ilangoji especially when markets are at cross roads. I understand everyone has pressure at crossroads to protect their position. It’s same with Ilangoji as he has to protect positions of each and every member of this blog. I feel it’s not fair to ask Ilangoji to specifically advise the entry or target prices. I can get clear action plan from his premarket view and from every comment from him. Focus is what just needed.

cooldent said...

subho

jnsar is sirs intellectual property. You have to visit the blog to get the SAR values. No other go

buggie advani said...

@ Subho sir
that formula is Sir property
I hope I cleared your doubt
cheers

anmpatel said...

prices are now at 200min EMA in 5min chart....what next lets see.

prahalad said...

My understanding from pre-market view.

For the most who are in longs – Aggressive SL 5074+5 points and conservative SL is at JNSAR
If you are short – then SL is 5144+5 points

In between, just watch the action.

Seniors, pls correct me.

Traveller said...

@Subho ....JNSAR is just a number.
market will whipsaw around some number for sometime..but eventually move in some direction ..
you can use 10DEMA as JNSAR.

Ilango said...

@ subho ,

There is an alternative to JNSAR which is J10SAR.

J10SAR is 10 Day Ema. You can calculate it yourself for any stock or futures.

J10SAR is equally effective. Both requires your discipline and patience. Only these qualities can bring you the riches and Not JNSAR or J10SAR.

Bhushan said...
This comment has been removed by the author.
subho said...

@dear all sir lear all item ..so i ask???? i understand all..thnx & regards..........@ilngo 7 others

subho said...

@ ilango sir...u r really great..live long.... all my friends hope all clear ur doubt.... this blog r only learning perpose... i am new so i ask my doubt..all r new & old all r welcome this blog various qestion its help old & new bee too.

CDG said...

@Ilango,

if we break the premarket support zone of 5072-84, wil that confirm we are in C. by the rule of equality of A = C this downmove will take us to near 5016-5024 as is defined by you. But again this region is dangerously close to trigger short as per JNSAR

anmpatel said...

infy had great not decreasing to break 5082. it has to come down because it has one of the maximum weight-age in nifty.

DKG said...

Golden Words...

"Both requires your discipline and patience. Only these qualities can bring you the riches and Not JNSAR or J10SAR."

numchar said...

If we look in Nifty stocks advance and decline ratio ..
Advances
15
Declines
35

Few heavy weights like ACC,INFY ,Tisco etc holding the fall.

Ilango said...

@ CDG ,

After a big-gain JNSAR trade, the next trigger, generally, whipsaw.

Take care of the "Next trade" with a filter if the need arises.

Just Huge Consistent Profits said...

Today Nifty's Pre_open Market Nifty low is 4813.70 and High 5121.45.

Sanjay Jaiswal said...

Dear Ilango Sir & Blogmates,

OI Update at 1:00 PM

Thanks & Regards

nifty said...

I am fed up of this 3rd wave that is incapable of making any decisive moves past 5144. The same is true for the US markets where it's 3rd wave has failed to go past 1336.

STOCK4SURE said...

as per WW formation in ns charts(2 days and 5 days) nifty may trade in 5120-5070-5160-5030 in next 2-3 days

anmpatel said...

Dear nifty
this is not 3rd this is 2nd. untill unless master confirms it.

GaneshaSays said...

One more reason for more likely downmove is that tomorrow being Friday, and Friday before big event like Greece election, so things pointing to more downside.

Nirav said...

Dear sir,

4770-4807 (1)
4807-4788 (2)
4788-5124 (3) extended
5124-5024 (4) a-b-c
5024-5144 (5) internal 5 Wave

since it is 5 Wave formation from 5024 to 5144 cannot be lable as Wave B of 4

sir it seems correction for Wave II or B has started sir can u pls correct me if my prefered count is wrong.

Thanking you,
Nirav Patel

Lalit said...

THIS IS C2, C1 TOOK 7 DAYS AND IT SHUD TAKE MORE THAN 7 DAYS AND 61.8% OF C1 PRICE WISE...SO 4913

Ashish Agarwal said...

There is a death crossover ( 50 DMA crossing below 200 DMA) for Monday tentatively. Its bearish.

GaneshaSays said...

nifty forming new 2-day low, closing below yesterday's low is clearly telling that more downside ahead!

Parimal said...

only daily chart 50 dma has crossed 200 dma

Amol Sharma said...

5063 looks support

Nilesh Patil said...

DR sir,
Your hourly ss rocks.

chetas said...

@ ashish

Though 50/ 200 looks very close

200 days before NS was at 4800 levels, 50 days ago NS near 5250-5300, so the no. which will get deducted for 200day is around 4800 and 50 day is around 5250, based on this only if nifty closes near 5000, and near 4900 levels till monday, we have death cross and possiblity,

chetas said...

when it comes to politics Congress is able to take bold and quick decision , but not when its abt economics

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