Wednesday, June 6, 2012

Nifty Intraday Update-III


90 comments:

veer said...

Reposting

@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

J.R.Julius said...

CAMARILLA Intraday Followup:
No Valid entries came to trade.
See you tomorrow - Bye.

Bhushan said...

Good afternoon Gurudev and friends

Dinesh sir, plz send me EE :D

numchar said...

Sustaining above 200HSMA @2:00 closure ,
sounds like good momentum to be carried forwarded , still 90 minutes game left .

SURESH NIFTY said...

Hello Sir,Lead Indicator is in highly overbrought Zone,I have already partially booked ,,,& holding 1 lot,,,,I don't know why I feeling to take profit early,,,is it because I had series of losses last week???

Dinesh Rishi said...

Bhushan

one need to give home address for

home delivery :D

Ilango said...

@ Veer,

3rd waves, normally, have 1.618, 2, 2.618 relationship to 1st wave.

But during larger uptrend, it could be much higher too.

If Nifty is able to break past the day channel, one could start applying such relationships.

shivanGupta said...

sir,

today nifty is most likely to close above DHema and Wema so we when should i re enter longs now............is it good to enter long at EOD.

Ilango said...

@ SURESH NIFTY,

I emphasised today about "Reading Oscillators" - in uptrend, it could stay on in OB zone longer than we imagine.

Do not confuse it with "Range market's indicator behaviour".

Bhushan said...

sended test mail

Ilango said...

@ shivanGupta,

Dare when most fear.

Didn't you enter Conservative trade on 05th June.

Didn't you enter JNSAR trade on today.

Didn't you enter when Nifty broke the Hour channel @ 4948.

If there is any re-entry point at this moment, it could be @ 4960-4975 only.

Ilango said...

Last fall from 5020 to 4770 which took 25 hours is likely to be fully retraced in faster time...in the next 2 to 5 hours.

Ilango said...

Almost @ 34 Day Ema @ 5003.

34 Day Sma is @ 5020.

Kumar Technicals said...

Dear Shriram Jai shri ram!

Kahan ho Prabhu, ab to lagbhag 5000 bhi pahunch gaya:)

Dinesh Rishi said...

Bhushan

me also sended :D

shriram said...

back -->

Aaahh... hariyaali hi hariyaali hein 4977 ke upar !!

Mumbai mein halki halki baarish bhi ho reli hein, speculators masti ke mood mein lag rele hein

Bulls kee aaj Life set hein bhidu ;-)

anmpatel said...

oh god please open new channel in charts for nifty queen. 5000-5050!!

SOBISH184 said...

sir how can make patience im exit the train later ........................next re entry levels

pravin said...

@Ilango Sir,
Thanks. Test mail sent.
Regards.

Kiran said...

DR Sir,
when are you going to give us five figure BNF ?

Bhushan said...

http://www.youtube.com/watch?v=myqz0Alj6js

oh Bears

shriram said...

kumar sir,

aap jidhar, mein udhar :-)

gkm223 said...

time to short?? gaps filled..

Dinesh Rishi said...

Kiran

if sustains may be day after tom

shriram said...

5DEMA has turned uP...

market is now BUY on DIPS... no blind shorts

Am out for the day, work calls. hv fun everyone!

cheers

anmpatel said...

@gkm223
no do not short. against our system.

Ilango said...

@ SOBISH184,

Watching a farmer would teach you patience.

Watching a pregnant lady would teach you patience.

Watching a mother in action teach you patience.

Watching a painter would teach you patience.

Watching any "craftsman" would teach you patience.

Why...?

Watching a street vendor whole day would teach you patience.

Only patience...& knowing when to be patient would bring you the "Riches".

Learn it Now and apply it in all walks of your life.

POWERTRADE said...

@Ilango Sir,

Classy Statement :)

Prithvi said...

Patience & diciplin are needed for success in market

anmpatel said...

@god
thank you god as you open one more channel in chart for nifty queen

Dinesh Rishi said...

sensex open & low same

if close & high is same

candle will be

Marubozu (we call it Hamar Bhojai)

SOBISH184 said...

thanks gurudev


today taken 4901 levels im exit 4942levels full lots ....@ time wait for dip buy but mkt going up.......im watching this blog more than 2008 to but i cantfollow strictly some times im keep patience at that time again jansar hit ....any way im try to keep patience.......... sir i have one doubt how can trade hours janssr10 or jansar basedtrade its possible for 20 stop loss


sobish184

Dinesh Rishi said...

shriram

Pesh-e-khidmat hai

http://www.youtube.com/watch?v=B0CiF0BAWhg

POWERTRADE said...

@DR Sir

LOLZ "Humar bhojai " :D

raghava said...

5000 PE tradeing at 120. Only Premium..

Jayaraman said...

Reversal zone between 5026 - 5002. Caution is required for long.

veer said...

@Ilango

Thanks. But my query was with respect to the sub wave (i) of 3 and not the entire main third wave.What is the MAXIMUM ratio can we expect 3(i) as compared to main wave 1.
(or)
Can the third wave be a straight wave in the ratio of what you have mentioned WITHOUT HAVING SUB WAVES? Is it possible?

Pls elucidate

Regards,

Veer

anmpatel said...

nifty OI sudden drop from 11.56 to 7.54 in my Angel diet software.
@mynac
any clue................

Kiran said...

For some reason option table still has highest Call OI at 5000 CE.

5100 CE is still lagging behind

anmpatel said...

down from 1,76,62450 to 169,89,750

anmpatel said...

@mynac
short covering started??
thanks

anmpatel said...

now increase 17005850

durga said...

@kiran,rise in price with rise in oi=long build up.

numchar said...

@ DR Sir

In todays case it will be white Marubozu (Gori Hamar Bhojai)..and it shud be bullish , confirm plz

Ilango said...

@ veer,

I normally don't apply such relationships while looking at the charts with EW perspective. It limits us and we fail to read the markets with open mind.

If a huge consolidation has taken place and market is breaking out, be open minded about accepting the rising prices. The quantum of retracements(Corrections) reveal so much about the strength & weakness inherent in a market.

You learn a lot about a market only "during its corrective stage". And having learnt it, you take a calculated risk as the correction is coming to an end showing "exhaustions/ refusal to go down despite bad news and negative cues/ divergences, etc".

One need to wait patiently for such set ups.

3.i can exceed 1st wave in a strongly trending market...up or down.

raghava said...

In daily Chart PSAR 5005.

veer said...

@Ilango

Thanks.

Regards,

Veer

anmpatel said...

OI increasing with price
now at up 7.62%
ANYBODY CONFIRM??

Dinesh Rishi said...

numchar

(Gori Hamar Bhojai)

Lolzzzzzzzzzzzzz

http://media.moddb.com/images/members/1/256/255549/rofl.gif

mynac said...

Dear anmpatel,
There was intra short covering there in NF last Hr.So let us watch this last half an Hr.

channasri said...

DR Sir,

Can I go long now or go short. I exited long position at 9560 in 1st session. Pls. advise me suitable strategy for present situation.

Best regards,

anmpatel said...

@mynac
yes buddy. discount also reduced to 19-20 from 26-28. a/c my calculation 6lks nifty covered. m i right?

mynac said...

Yes very true..

Dinesh Rishi said...

channasri

no not now

u missed the buss, now SL is too far & u wont b able to maintain it,

wait 4 next opportunity

San said...

NIFTY Hour moving into resistance zone: CLICK HERE

raghava said...

Please Guide Can Hold 5000 PE??

nifty rider said...

bulls 5020 plzzzzzz break mat karna

mynac said...

Now after looking Hrly TT file data,eagerly want to see that how Bulls are going to tackle ? because they have upper hand here...

raghava said...

Tomorrow Morning Again Gap Up??????

HARISH TAHKKAR said...

Sharing the opinion :
When JNSAR EOD "C" > WCLEM.No whispsaws.
Part booking on break of 3 Hour LEMA and re-etering the same (part booked Qty.) again on C/O on 3 H.high keeps in trades in direction of JNSAR till reversal triggered
This month 4th maonthly low and if Nifty "C">5020 on friday.It will be Weekly Bar Reversa.Powerful Pattern. The same with Bank Nifty.Rest market is supreme.

Dinesh Rishi said...

raghava said...
Please Guide Can Hold 5000 PE??

Y you bought?? what was ur SL??

raghava said...

Ilango Master Advice Me.

numchar said...

EE Done ,

Baby diapers free @ first cry :)
Any takers ?

sometimesbullsometimesbear said...

Of course tomorrow they have to and will gap up to overcome some key resistances and continue the momentum!!!

cooldent said...

Sir

is that a fast fall on 21hr 34hr sma?

raghava said...

D R Sir, I didn't hold S.L. bought at 146

channasri said...

DR Sir,

Thanks for advise. Please remember me when next opportunity comes. I will wait.

Best regards

HARISH TAHKKAR said...

Sharing the opinion :
When JNSAR EOD "C" > WCLEM.No whispsaws.
Part booking on break of 3 Hour LEMA and re-etering the same (part booked Qty.) again on C/O on 3 H.high keeps in trades in direction of JNSAR till reversal triggered
This month 4th maonthly low and if Nifty "C">5020 on friday.It will be Weekly Bar Reversa.Powerful Pattern. The same with Bank Nifty.Rest market is supreme.

POWERTRADE said...

Just fe more points and we will be be near 200 DMA

Kay sell banega waha pe :) ::)

Ilango said...

@ cooldent ,

21 Hr sma @ close hour would move above 34 Hr sma even if the close is @ 4985. Lesser chance.

Dinesh Rishi said...

raghava

Bro,

we all here r having long & u struck in short

I posted "If not long do not short"

Its trade you have taken at ur own
nobody can help you

numchar said...

Was that 20 point fall due to intraday closure?
Close to 34HSMA .

raghava said...

O.K. thank you D.R.Sir.

Kumar Technicals said...

Dear PT!

Shorts to kahin bhi kar lo, par momentum strong hai aur JNSAR long hai so sara maal kha sakta hai ye Bull:)

nifty rider said...

bulls really played big shots n maintain asking rate.hats off to them.tomorrow another day.

gkm223 said...

raghava dont worry, ECB can help you.

gkm223 said...

raghava i have also carried some 4 lots lets watch ECB.

Sourav Kundu said...

Kumar Sir...
Jo profits se kare pyar... woh JNSAR se kaise kare inkar?
:) Today was a great day... and kudos to you for having captured it so early even when Nifty was trading below 4800 a couple of days back.

Great work sir! Simply awesome!

mynac said...

Dear PT,
35 Hr D favors here for opportunistic Bears only...It is heard some where that perennial Bears are on the leave... They even do not consider 50-60 points gain as profit...:)Nevertheless it is up to them.. :)

HARISH TAHKKAR said...

My point was trade in direction of JNSAR
Part booked Qty if 3 Hour low is broken.It is the correction time.Re enter the trade(part booked Qty.) in direction of JNSAR when the 3 Hour High ic C/O till JNSAR reversa triggered.

Only Tech-table can help you, if help is needed.

channasri said...

Dear DR sir,

BN is in O/B position since y'day 2 nd session as per 30 min. chart in Google finance. Any chance of minor correction tomorrow for re-entry on long side. If so, any levels please.

Best regards

channasri said...

Dear DR sir,

BN is in O/B position since y'day 2 nd session as per 30 min. chart in Google finance. Any chance of minor correction tomorrow for re-entry on long side. If so, any levels please.

Best regards

channasri said...

Dear DR sir,

BN is in O/B position since y'day 2 nd session as per 30 min. chart in Google finance. Any chance of minor correction tomorrow for re-entry on long side. If so, any levels please.

Best regards

Dinesh Rishi said...

channasri

Chances are there

Dinesh Rishi said...

channasri

Chances are there

Dinesh Rishi said...

channasri

Chances are there

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