Friday, June 15, 2012

Nifty Intraday Update-III


80 comments:

Kumar Technicals said...

Dear Piyush!

Thats why i said, it will restrict losses only.

Hitendra said...

crossed yesterday high

Kiran said...

Next exam NS 5140-5145..

Piyush Sharda said...

ok kumarji,

in options there is a term called hedge ratio.
i dont know its concept but i think anyone knowing option greeks etc might be able to
tell exactly what quantity shud be used. i have
used a crude method by what appeared logical.

hitendra,
it was for hedging purpose for nf longs not sepeculative .

sir once told that jnsar was long in may 09 elections and it captured gapup. lets see how it fares in greek elections

Ilango said...

Ralph.N.Elliott has hand held me in classic text book style from 4770.

Amazing observation by Elliott how "repetitive market. people" behave.

Dinesh Rishi said...

Todays Menu

Dal Makhani Paneer Bhurji Salad Tandoori Roti

http://3.bp.blogspot.com/_ShdDF-F43nw/TKJu1lL5PeI/AAAAAAAAAA4/k83wpLK86RM/s1600/Dal_Makhani_-_Paneer_Bhurji_-_Salad_-_Tandoori_Roti.JPG

shriram said...

--> back

c > a done @ 5132 (c=a was 5125),

POR apporaches... @ CMP > 5143, c will be > 1.618xa , and will favour bulls outright

If 5143 holds (outer limits for a ZZ) .. we may see the reversal set in !

nifty said...

I hope this is not another one of those FAKE break outs that we had yesterday.

Ever since JNSAR triggered to Long, my bias has always been Long as well.

Vipul Rastogi said...

Dinesh ji
Sure we all are going to enjoy the menu.

shriram said...

** small correction, meant 1.382...

5143 is the 138.2% (1.618 xa comes @ 5158)

Piyush Sharda said...

what i remember is there is a reader "back
to bedlam" very good in option fundas may be
he can tell more

cooldent said...

DR sir, so soon?

my drink isnt over yet

https://lh4.googleusercontent.com/-3f-bCvajq2Y/TW2s-N8C12I/AAAAAAAADRo/6suD4hA_MVA/Red+Pearl+-+Chili-Infused+Vodka%252C+Thai+Basil%252C+Kiwi%252C+Citrus+Sour.jpg

Hitendra said...

shriram,

5158 is near R2.

satheesh said...

Sir,

is a 5wave move over from yesterdays low of 5047 till present high at 5132 as per google 5min chart?

5047 -5096
5096 - 5077
5077 - 5120
5120 - 5099
5099 - 5132

mynac said...

Bulls are in commanding position to force Bears to cover their shorts @ much higher level..Last Hr.would be very much interesting...

Sujatha said...

Chetas - don't take it seriously - i took some no. that's all but if u google for that "result will be different" don't get confuse

PCS - hi GA :)

Prabhat - agree 5141 taken out on closing basis story is very much different

Mr. Mayan stop it enough is enough don't irritate

Dinesh Rishi said...

cooldnet

whez my Glass :(

numchar said...

Now its high time , need to read Ralph.N.Elliott .
Any one having soft copy or ebook..plz share .

Deepak said...

Ilango Sir - As we know Monday is what everyone is waiting for - As per JNSAR tata motors is buy and Maruti is sell - so based on JNSAR should we buy tata motor and sell Maruti

Issue is that both are from same sector so how can a news be good for one company and bad for second company in same sector

regards
Deepak

sushil said...

To DRsir,
i want to send you flash rate print screen

sushil said...

To DRsir,
i will send on your e-mail id

shriram said...

Dear Mynac:
Can u pls tell where ws today's hi vol trade occured ?

@ Hitendra: tks for this, will take note of the pivot R/S & points too henceforth

anmpatel said...

@mynac
OI increasing since morning with price there is no short covering seen to me. because what i understand is price up with OI down is shortcovering...pl. explain. at my pc OI is 17313850. 11.06% up.

shriram said...

@ anmpatel,

may be operators r driving up NS to load up on 5100 PE ;-)

Brad said...

Dear Ilango,

What is the long term count? I would be indebted to you if you can update that during the weekend.

Thanks in advance,
Brad

Ilango said...

@ satheesh ,

From 5048 to 5097(at open) was the 1st wave.

The 3rd is sub-dividing.

5077 to 5120 had a 50% retrace at 5099 and has moved up to 5135+.

One can only use Trailing SL.

sushil said...

To DRsir,
send e-mail on support@bankniftytrading.com

anmpatel said...

@master
i will agree with Brad. at least u give daily chart labeling in week end it will be great help to make positional trade. thanks. please consider it.

Dinesh Rishi said...

sushil

ur welcome

& u can share it on JN group also

Ilango said...

@ Deepak ,

If Nifty is in uptrend, choose the stocks with uptrending JNSAR and ignore others.

There are outperformers and laggards within a sector.

Classic example is "MTNL & AIRTEL".

sushil said...

To DRsir,
got my mail

sushil said...

To DRsir,
please publish my attachment on just nifty group

mynac said...

Dear Shriram,
@ 5086 & 5126...but they are not that much High volume trade,if we consider resistances ahead.
Since last 2-3 days,High Volume trade area was 5120 ..

Dear anampatel,
We would witness that short covering in last Hr.trade..Bulls have kept that triumph card with them.. who knows,we may see 100 point move from day low :)

Ilango said...

@ Brad ,

LT count available in "JustNifty TA" file. Link at Blogs top right corner.

Knowing Week/ Day count helps to decipher Hour labels.

There are times, things aren't clear. Step back.

We don't need to label it all the time.

Are we answerable to anyone..? No way.

One that looks most obvious is often the unbelievable one. So Believe in what you see.

Hitendra said...

crossed 5145 (high made before today in this week)

Ilango said...

@ satheesh ,

Step back and see the 1st wave/ A wave from 4770 to 5124.

An irregular correction in 2nd/B wave suggests of inherent bullishness for the 3rd/C wave.

So do not get caught up with "smaller waves". Count it but know it in context so that you don't get too close to the market that you forget the larger picture.

STOCK4SURE said...

time to be cautious with longs

bizagra said...

Dear Mynac...if we move more up from here...volumedigger hourly shows very high volume at 5120...so after the event of monday,if moves below it..i think we can take shorts positionally??is this type of thinking correct??

Ilango said...

@ @ satheesh ,

Make the google chart to "Two day's 5-min T/F, you will see what I mean. Look at the angle of take off.

anmpatel said...

@master
if this is the i/3/C. what will be likely tgt. any fibo ratio will help?

Fire said...

USD-INR at crossroads -

Link

shriram said...

Dhanyawaad mynac :-)

Am totally on sidelines after 5120...
PCR ase vadhale ahe, jase kaal kunala tari mahit ahe ki market padnaar!

jau de, apan kashala haat aaget ghalaycha, Som-vaari pahuyaat !

mynac said...

Dear bizagra,@ that time even technical may support it.Nevertheless It is observed that when very big volume trade @ opening time takes place and Nifty couldn't go beyond that trade,generally correction starts..Let us see..

satheesh said...

Thanks a lot sir. I could not distinguish a 3rd wave subdividing till you mentioned it.

The wave count is very helpful in maintaining the SL using the Harmonic pattern and also it gives an idea about the possible retracement levels which can be achieved

mynac said...

Shriram,mi hi tech kartoy...jevha te kharya arthane thakel tevhach pahu...

Dinesh Rishi said...

3:15

is time to clap my hands

STOCK4SURE said...

last 40 min
be prepared for some roller coaster drive

shriram said...

hoy, ani anyways aaj ch quota poorna jhala ahech nahitari.. intra-day 30 NS pts milale

chaha-paanya cha kharch nighala :-D

Sujatha said...
This comment has been removed by the author.
anmpatel said...

@mynac
looks profit booking started!!

mynac said...

Dear Sujatha,
As it is trading well above sellers territory for the day,now it is up to bulls, how much quota they have left there... but to kill 5100 PE premium,they may try ...

Dinesh Rishi said...

shriram

काई झाला

mynac said...

Dear anampatel..still Last hr.new high left there..

K7 said...

Hi Sujatha, when u said "positional", are you long side or short side..K7

shriram said...

haha.. DR bhai,

I told mynac, aaj ka chai-paani ka kharcha nikal gaya.. booked 30 pts & now on sidelines !

PCR dekh kar , Longs rakhne ka mann nahi kar raha, Monday dekha jayega

Aaj ka program samaapt :-)

Dinesh Rishi said...

mynac said...
Dear anampatel..still Last hr.new high left there..

Mynac Plz give NF figure so I can keyin

K7 said...

All countries has backup plan if Greece exit from Euro except for "BULLS" :)

SURESH NIFTY said...

Dinesh SIR,I clapped three times,,,, Jai Ho JNSAR,,,& DRsar

mynac said...

Dear anmpatel,
Abhi yahase lagbhag ye man chalo ki har ghante Bears ne Bulls ko ek dafa full fledge buying karake naye top dikhane ke kam par lagaya hai... it's almost like "Sholey" 's Gabbar's dialogue,"Jab tak tere pair chalenge tere yar ki sans chalegi Jab tere pair rukenge..... :)

mynac said...

Dinesh bhai,
AAP hamare jaise chngu mangu tredar ki kya sunate ho ? Jab vakt aayega aap sahi time par mahfil se alvida kahoge.. Sir.. :)

prahalad said...

Greece – country with just 10crore people agitates all the traders across world for a long time.All traders across globe should form a trust and park in one day profit there and solve Greece issue.Its unbearable for more than a year now!

Dinesh Rishi said...

now Weekend with Child bear

http://www.geogum.com/media/uploaded/posts/351618f61ff90b0ddc97967991231127.jpg

shriram said...

yes, good show DR bhai...

On the rocks wid some Antiquity Blue, weekend mast jayega :-)

cheers & bye all !

prahalad said...

Trade which is difficult to take shows you fortune. Trade taken quite easily gives you nightmare. Read somewhere and exactly suits for the current situation :)

Hitendra said...

5280/4770

80% retrac comes at 5178 above 5145.


looks 5178 before policy announcement on monday

Dinesh Rishi said...

mynac

Your OI reading is always at dot

I know ur caliber. :D


I was expecting some more
as there is still some space left

but master says "leave something for others also"

STOCK4SURE said...

yesterday closed at day low and today gap up

today closing near days high and gap down on monday kya???

Nilesh Patil said...

@ Dr sir,
I think chield bear

http://www.teamsynergyllc.com/wp-content/uploads/2010/12/child-with-bear.jpg

Nirav said...

Dear Sir,

there could be a chance of making fifth wave wedge formation

Regards,
Nirav Patel

Dinesh Rishi said...

shriram

my doc said u can take 2 peg daily not more than that

but I dont have such big glass to make 2 pegs
of half bottle

Nilesh said...

no new high means distribution going on.
daar sab ko lagta hai greece se.

mynac said...

Dineshbhai,
Considering current momentum and trend,When there is huge 14 lac writing is there @ 5100 PE, Bulls & Nifty need,some more upside to kill that premium for comfortable level to cover it..is understanding here...And as Nifty is beyond sellers territory,it is possible..let us see...

Kranti said...

Dr Sir

What about using a beer glass for whisky? No upper resistance for whisky level na..

mynac said...

Any body witnessed last ten minutes huge addition over one lac in 5100 PE ? & it went up to 80 ??

Let us try to find out,from final Bhavcopy whether it was short covering or last minute fresh addition..@ 3.30 PM O.I.for 5100PE 41,77,450.. Total intraday addition(roughly) 41,77,450- 26,46,000 = 15,31,450

bharat said...

@Mynac - Awaiting your final inputs on the 5100 PE addition...

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