Wednesday, June 27, 2012

Nifty Intraday Update-II


82 comments:

Prithvi said...

Master,

Thanks for encouraging

Kumar Technicals said...

Dear Shriram!

It was ur EOD comment:
"Alt EW lables suggest 5fifer move up from 4770 is still in play, with 5th sub-frac playing out as a Ascending CT as follows (with FLAT UTL)".

You mentioned ascending traingle and not ED so got confused. And moreover the a-b-c-d-e counts u mention does not look like ED (rising wedge) but like Traingle as u say. Kindly guide further...

Prithvi said...

DR Sir,

Can we going long in BN too

Crorepathi said...

WOW DR ji!!
got goosebumps.

DKG said...

China is in deep trouble and the bad news from there is not likely to stop.
That is what this chart of the Shanghai index is telling. Wave C started subdividing
with C2 ending at the May high and the sell off from there is relentless. Each fall is
a 5 wave decline and is now clearly extending in iii of iii so the overall target over
the next 6 months is near 1720 which is a 22% decline from current levels. It
did not even bounce up with world markets in June and is now the weakest
spot in Asia. No wonder that commodity prices are busted.

Source: Indiachart

parminder said...

Dr kumar,
pranam sweekar ho
☺☺

shriram said...

Kumar ji,

For hard-core EW theoreticians, use of word "CT" in place of "ED" is WRONG

So pls forgive my usage of term "TRIANGLE"

As far as Rising Wedge goes , i will actually need ur input sir,
"VISUALLY" is there any difference between an ED & a Triangle ?

Or am i missing something which u wish to point out ?

Manish said...

@ Prithvi

You may take a "baby step" in BN for 10150.

The lead indicator of master suggests that.

Niftytrader said...

Sanjay, Isn't high PCR pointing to a super short squeeze up...?

Kumar Technicals said...

Dear PAM!

Shat shat Naman, Kaise ho prabhu? Thanx for ur lovely msgs, ROFL after reading:)

Dear Shriram!

I am new so confused as triangle is used for wave 4th and B only. How r u looking at expanded flat from 4770. Is it from 4788 from 18/5? Could you provide chart for it..

Ilango said...

@ Shriram,

Being objective is quite subjective to the predominantly judgemental public.

Remove the "opinions", facts would guide you right.

EW/Tech.Table guides in this area.

In the current context, the sharp & swift upmove from 4770-5124/5144 has resulted in a "sideways consolidation". One could only trade within this range. Though BN had a downward biased correction, Nifty chose the "irregular kind". Sooner it breaks out, the weight is "off Nifty" or else the same consolidation could turn into "Distribution".

OI suggests of high PCR which could be "Highly bullish" or "A reversal likelihood". If reverses, the prices would reveal it and we would follow it. But if we have opinions, it becomes tough to change the mindset while "hope" creeps in.

Just Huge Consistent Profits said...

From morning just 10 points movement only. Upside or Downside ?

STOCK4SURE said...

STRONG ADDITION IN O.I IN 5100PE

they are showing it strong possible support to traders but have seen trading against these datas may give better results

dikhate hai puck puck
rehta hai bho bho

parminder said...

Dr. kumar
thanx for reading the messages and laughing ur heart out.
Regards
☺☺

Yuva said...

Hi all,

Today's price movement looks similar to the price movement on 11 June 2012. It is just an observation.

cooldent said...

DR sir

Itna der se pak raha hai tho haleem ban raha hoga

aapkeliye

http://chennai.click.in/classifieds/images/151/26_7_2011_21_46_7969_Hajeeras_Ramadan_Special_haleem_with_Mutton.jpg

J.R.Julius said...

@Mr.Cooldent,
Good Afternoon - How are you?

POWERTRADE said...

NS is getting weaker or stronger ?????

shriram said...

Tks Ilango ji! "REMAINING OBJECTIVE" is main learning from ur teachings :-)

@ Kuamr sir:
Ofc mein no access to charting.. so putting count lables here. Alt IM degree lables thus:-
W: 6339-4729
X:4729-5630
Ya: 5630-4804 (truncated 5th)
Yb: 4804-5195 ** in play as XPANDED FLAT

cooldent said...

Julius

Im good thank you :)

GaneshaSays said...

Guys, updating on last call. Re-enter shorts here with SL of 5175 NF on hourly closing basis for a target of 5050 in 1-2 days.

Ilango said...

@ Yuva ,

Very good observation.

It would come into play if 5134 gets broken..

Anil said...

@Ganeshasays

Direct calls..??
plz ...

Kranti said...

Yuva.. Do you also see a H&S in Hrly?

Ilango said...

@ @ Yuva ,

One major difference from then and Now is:

11th June happened after a run up from 4770 to 5124.

27th June is after a prolonged sideways move from 5012 to 5195 and at "Settlement close" when markets tend to stay closer to highs if near the series high.

J.R.Julius said...

CAMARILLA INTRADAY
Nifty Futures.
H4@5152 //Exactly Trendline Falls.
H3@5139 //Exactly Day Low.

Sujatha said...

Pariminder-ji - i am back. thanks for holding the market :)

Ganesha - hope class master has not noticed you pls. delete ur calls before he comes

Howmany of you ready with idli cooker and howmany of you ready with "thava"??? hope Shriram-ji didn't switch on his "gas" :(

Sameer Shankar said...

@ Ilango ji
Sir
I think intraday 2nd wave done at 5155 now 3rd min 5135

Nilesh Patil said...

@Sujatha Sis,
I m ready with idli cooker but 5165 sl

Kumar Technicals said...

Dear Shriram!

What u r looking from 4804, that i am looking from 4788 for that probability. But if u join trendlines of subwave 5 from 4770 u r not getting ED, may be u check after office hrs as 5.a is overshooting.

Another probability is that wave 5 did not end truncated as u say but ended at 4770 and we are in corrective B from 4770 as in ILango sir's chart also suggesting...

Rajvada said...

At 10.17 am today huge bars on volumes for NF, PE5200 & PE5100 suggesting good down move below 5050 if NF does not cross 5154 now.

Amol Sharma said...

If this this is like 11 june then market will test today's high again then ..... break of 5134.

Yuva said...

@Ilango,

Thanks for your explanation for my observation sir.

Sameer Shankar said...

@ Sujata
Ma'm i am ready with cooker full of idlis

shriram said...

@ Kumar ji,

5.a cannot overshoot. It is the 1st Pt which decides the UTL of an Upward ED :-)

EW lables are full of alternates, ilango ji's lables are always in back of mind, so are a few more alt lables swimming in the MIND,

and that PRECISELY IS THE BIG DANGER WITH EW, once mind gets "FIXATED" on one lable, more often than not, we lose :-)

Sujatha said...

Nilish -ji - me too and ek plate "button idlis" kaya :P balance SL as usual with 175. but i scared about shriram-ji's target :( i wish he has 2 go 2 lunch before he comes "our idlis should be ready" :) bulls & bears = presidential poll like .... Vs ..... who's gng 2 win?? BNF 9980 breakes s the indication for us "how fast the steam will come out"

parminder said...

Sujatha ji,
only u can take out hot idlis from cooker and eat them on the spot we tend to wait and eat.
Here are idlis for u
☺☺
http://www.youtube.com/watch?v=8YjUmDXyQ6w&feature=fvst

shriram said...

contd.

kumar ji,

"subwave5 from 4770" ??

Something amiss, pls re-check, am counting wave C capable of doing max 2.618xA from 4770 (A=4804-5020)!!

shriram said...

hey suja:

ur painting em as villan , not fair ...

Am also waiting for this last ED to end ma :-)

Sanjay Jaiswal said...

Dear Ilango Sir & Blogmates,

OI Update at 1:00 PM

Thanks & Regards

Sujatha said...

OMG - Shrirami - last ED means 183/94 again??? pls give reply and go 2 lunch :( as i hv secondary thought that any possibility to touch onceagain there and after today's knock out punch of DOW then v may see 2morow -ve??? (don't wonder no technicals in my post) i am always like that only :P

PS : but surely expecting a intra downmove but not coming :(

jayant singh said...

Enjoy this everybody as it is its boring .... http://www.youtube.com/watch?v=fVg6Ehu1VXY

shivanGupta said...

sir -ve divergence in 5 min when nifty made days high does this has any relevance.

Kumar Technicals said...

Dear shriram!

You are a modern EW Guru & i am new kid so not able to catch you properly. My thinking is same count, Subwave 5 from 4995 of wave C from 4770 of expanded flat from 4804 as per you and from 4788 (if its one as per me). These counts are not easy for me & thats why i follow Master's TT first which is always precursor:)

anmpatel said...

@master
at which price can we count iii/c start?
thanks.

Nilesh Patil said...

@Sujatha Sis,
I think DR sir clapped so no worry.

Dhirendra said...

@Yuva, one more observation, Nifty 16 Dec and 30 Dec has also shown similar movement, before it tanked. Might be today we can see, a sharp down move after or around 2:30

Ilango said...

@ anmpatel ,

Holding 5134 and moving past 5160 would be an early indication.

Just Huge Consistent Profits said...

Making higher high intraday means?

Dinesh Rishi said...

Nilesh Patil

not yet

SL keyeed in

there is a saying

"Never short a dull Market"

& JNSAR is also long

sodhana said...

hi,

can anybody please tell me what is the difference betweenJNSAR& J10SAR.


regards

KRG said...
This comment has been removed by the author.
sodhana said...

Hi,

Can anybody tell me whats the difference between JNSAR and 10JNSAR.


Thanks

anmpatel said...

@sodhana
JNSAR is master's masterpiece while J10SAR is 10days EMA.

sodhana said...

Hi,
can anybody tell me the difference between SAR,JNSAR & J10SAR

thanks

Nilesh Patil said...

@DR sir,
Thanks. I also clapped. and reverse as per Masters premarket banknifty chart. so want some idalis with sister. I did conservative trade.

sodhana said...

@anmpatel how to use them in trading.

Prithvi said...

God

Give a power to nifty for going upside

please...........

STOCK4SURE said...

5100pe premium eaten in breakfast
now turn of 5100ce prem in lunch(2-3pm)
guess they may slowly take ns towards supp of 5126

DKG said...

God,

Give power to bears so they can push Nifty...

...Down Down & Down

Sujatha said...

DR-ji = i am always here to "take seniors" input. thanks for ur guidance. but sirji surely i am expecting a downmove nd with proper SL " one fast thud, thud is enough for us to exit . pls keep posting ur hints :) so that i am fine tuning my trading

Nilish ji - depends on the closing @ EOD will decide the "fate" of my position whether it's intraday or positional shhhhhhh shriramji gone 2 lunch before that some plates??

Dinesh Rishi said...

God,

Give power to operators so they can also make some money

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

Dr Sir,

Operators means Dinesh Rishi?? :)

cooldent said...

God

pls dont give any power to brokers. they are always taking my money :(

DKG said...

Watch 5134...

BALA said...

for the sake of all will you pl put your trade and sl pl
How you have learned such an amazing accuracy .super star of stock market nifty trading

BALA said...

@ SUJATHA MADEM

Nilesh Patil said...

@Sujatha Sis,
Clapped.

Sujatha said...

Bala - request u 2 delete ur post am not giving calls but sharing nd comparing with seniors

Nilesh- ji - jaldhi clapp kiya??? :( check mail am expecting more - am alone???

sandeep bhoite said...

@ Sujatha sis

more will join u bellow 5134 , from 2 days we were selling at that points but not much receive , hope today is best

BALA said...

@sujatha madem - if you could exchange yr mails to others too , one can learn. along with cam levels what ratio - fib level day high to low /low to high of previous day/week/month etc along with vol candles ,gap up.down you are taking,. How you are able to find time for all these things. any soft ware you have developed. ( you are from the software background) by sitting home doing these things marvellous @ abngalore where you have fixed your plot purchase ?

GaneshaSays said...

Guys, please do not interpret me as giving calls. I am expressing my views here which everybody is doing. There is no different approach to it. Please refrain if you don't wish to agree to my view but retrospect yourself also when you publish your views asking whether I am doing the same thing as you are doing. I don't understand why people r taking as me promoting myself rather than taking it as my view.

GaneshaSays said...

At least I am being clear in views, not expressing as some "coded" words which I doubt happen or not.

DKG said...

Will 5134 hold??

SJkolkata said...

Request Everyone Please
No fighting and Mud Slinging in this Temple.
Few of silient disciples are trying to learn something and waiting eagerly for some prasad from the Master.
Not to hurt any1s feelings.

Regards

STOCK4SURE said...

bullish WW pattern developing in ns 5min charts

trgt 5160+ near eod

where to keep SL for longs any suggestion plz
5118 or below

POWERTRADE said...

Its a short with day high as SL

Post a Comment