Friday, June 8, 2012

Nifty Intraday Update-III


153 comments:

anmpatel said...

whats happening.....longer term T/F is long and this hrly time frame is making thud.......

shivanGupta said...

Sir you said
"Trend asserts itself when it matters most which is - at the close period of month/ week/ day & Hour, etc"

so today being last day of this week......so by this logic nifty is most likely to close at high today.

Ilango said...

Nifty reached the midpoint of "Pre-market support @ 4985-5005".

SURESH NIFTY said...

J10.SAR is 4952,,,can I keep my long(partial-1 lot) till that or should I dare intiate one more lot with SAR(i,e LONG).....

anmpatel said...

@mynac
OI decreasing with price decreasing....some body booking profin on long? pl. confirm. thanks.

Vipul Rastogi said...

Ilango said...
Nifty reached the midpoint of "Pre-market support @ 4985-5005".
Sir .Please help me to understand it.

gkm223 said...

52+34 today and next trd day 100, kitna acha hota.

POWERTRADE said...

Aham Patiecenam Falitam at 200 DMA .. Naman Naman :)

anmpatel said...

@mynac
a/c to my cal 1,35,000 OI booked.....or covered. help please. whats happening in OI. thanks.

Ilango said...

@ shivanGupta,

Weekly trend is down.

Today is the day for weekly close.

However, there is a huge rally from the Monday's low of 4770 - "an attempt at a reversal from the oversold week".

"4945" is the weekly ema.

From a low of 4770, it went upto 5060 & attempting to stay above 4945.

Daily trend is up with day ema @ 4962.

A close above 4962 is the min. needed.

A close above 5004 would be strength; if not neutral between 4962 & 5004.

Ilango said...

@ Vipul Rastogi,

Read the "2. Aggressive Trade" Levels.

Strength above 5039(Day Pivot)for 5065(200sma)

Weakness below 5039(Day pivot) for 4985-5005.(Last pivot low-4984 & 34 DEma)

moumita said...

Dear all.
niofty future made a head and soulder pattern in 5 and 15 min. chart breakdown point was 4982. target 4927. please cheak it.

mynac said...

Dear anmpatel,
After almost 300 points run, profit booking is very but-natural..so it looks just profit booking.
@this moment,worried part for today is 5000 PE writing..when Hrly indicators are not that much supporting or suggesting immediate up move from here when it has broken 5000 on the down side,still more than 5 lac writing evidence is there @ 5000 PE,so let us see..how Bulls & bears are going to handle it...

shivanGupta said...

sir i am confused....... for last two days nifty is closing above weekly 5ema so isnt weekly trend up?

anmpatel said...

@mynac
PUT writing is taken as a bullish view isnt it? thanks.

Prakash-Pol said...

Now nift took resistence at yes-low 5007

cooldent said...

DR sir

PT se ball le le?

Ilango said...

@ shivanGupta ,

Most Basic:

For Day trend: Daily close alone matters; not the intraday movement.

Similarly for week trend - weekly close(Last day of the week)

And for month: Last day of the month.

However, one needs to manage the volatility using "one time frame lower".

dayakar said...

can any body suggest good RT data provider for amibroker

shivanGupta said...

sir please explain this line .....However, one needs to manage the volatility using "one time frame lower".

Dinesh Rishi said...

cooldent

bacchey ko dil behlaney do

after 2:30 will see

Kumar Technicals said...

Dear moumita!

H&S pattern nowadays has most higher rate of failure, so its best to align with other indicators too. Now Hourly is not overbought & daily-weekly in buy mode so bulls can move up easily next week.

Dear PT!

Aasaan nahi hai dagar panghat ki, after this correction Bulls may charge again in last hour or on monday. I booked part shorts & will book remaining above last hour's high at 5025.85:)

V Senthil Kumar said...

@ Illango sir,

why is 5004 so important.can u help sir.

NOBLE said...

DR Sir,
bnf shorted morning what level to buy?

POWERTRADE said...

@DR Sir @Cooldent

LOLAM ! ! :D

anmpatel said...

@ V senthil kumar
its a day HEMA. for upward momentum it should be closed above DHEMA and its 5004. see TT.

mynac said...

Dear anmpatel,
"PUT writing is taken as a bullish view isnt it?"
Or smart layers who are going to off load have bought it ? ??

because if this type of writing,buying have,any short term technical support,then only it is more useful is one observation.@ present if it is bullish indication,then there it must reflect in price..let us see..

Ilango said...

@ V Senthil Kumar,

5004-Day High ema.

A close above it keeps the upward momentum intact for new uptrend highs.

A close below it puts it back in a "trading mode".

DKG said...

@ dayakar,

Please have look at http://www.globaldatafeeds.in/

Its NSE authorised data provider.

J.R.Julius said...

Camarilla Intraday - Trade1 - STATUS
Nifty Futures
SHORT@4998
Part Book reached 4978(20-30pts)
Trail Hit@4990 (TL)
Average=(4978+4990)/2=4984

Trade#1 - Closed.

V Senthil Kumar said...

@anmpatel sir,
HEMA & DHEMA expand..... plz

anmpatel said...

@mynac
thanks till now i understand writing means selling!!!

POWERTRADE said...

@Kumar Sir,

Ameeen :)

Kumar Technicals said...

Dear DKG!

It looks that its authorise virus provider also, whenever i use it...my anti virus alerts me:)

dayakar said...

@DKG
Thank you sir.

parminder said...

Dr kumar, bache ka bhi khayal rakha karo
pls break todays low and close near it

anmpatel said...

@ Senthil
HEMA- high exponential moving average
D means Day, H means hour, W means week et.
dont call me sir buddy
me still student .........of masters...and one and only master ILANGO JI.

Prakash-Pol said...

All Global indices in red more than 1%.
There is chance to make a new low.

Dinesh Rishi said...

पीटी

मेरी गेंद वापस करो नहीं तो मैडम को शिकायत लगा दूंगा


मैडम मैडम

पीटी

मेरी गेंद वापस नहीं दे रहा

DKG said...

@ Dr. Kumar,

But I have not face any problem Sir.

Kumar Technicals said...

Dear Pam!

I am still mildly short so i need new low but my system alarming me about so i will change my coat if it crosses 5025.85 now:)

Vipul Rastogi said...

Dear Llango Sir
Thank you for the explanation.

DKG said...

@ DR. Kumar,

Which antivirus you are using sir? Mine is QuickHeal Total Sec.

Dinesh Rishi said...

Kumar Sir

if it crosses 5025.85 now:)

its 5032

Kumar Technicals said...

crossed 5025.85 so booked shorts & started long again:)

SANPOT said...

Sit tight everything all right.

Hemant Harke said...

Ilango Sir,

Is 4th over and 5th is on??

Dinesh Rishi said...

Clap Clap Clap

to
shivanGupta

shivanGupta said...
Sir you said
"Trend asserts itself when it matters most which is - at the close period of month/ week/ day & Hour, etc"

You only brought umbrella (Faith story)

DKG said...

@ PT,

Dikha DR Sir ki kick ka kamaal...

Sujatha said...

Hi all - thanks for not allowing nifty - not upar aur niche :) good friendship

Hello Mr. Index - u go wherever u want 5K to 50 but close below .........this is between u and me OK.. "deal" or "no deal"???

shabsaif said...

Wow , lagta hai maal mazboot hatho mai hai....kya recover kya hai....maddu ki ummeed per pani pher diya...

parminder said...

dr if closing below 5026 then what
??
☺☺

cooldent said...

DKG

ball meine pass kiya aur sabashi sir DR sir ko?

bilkul nainsaafi :(

Abhi said...

J.R.Julius, long now ?

numchar said...

wow!! what was that ....change the game ..

J.R.Julius said...

Camarilla Intraday - Trade2
Nifty Futures
L3 5014[BUY]
with 20pts SL
*Consider Market Close 43mins remaining!

DKG said...

@ Cooldent,

Sorry buddy.

Because...

Big Bull is DR Sir,

& BIG Bear is PT Bhai.

Kumar Technicals said...

Dear Pam!

So many IF & BUT always in trading but correction looks over now so changed coat & came again in D R camp very fast:)

POWERTRADE said...

@DR Sir @DKG

Gend ko kubuk karo :)

J.R.Julius said...

@Abhi,
From 5014 long as scalp - 15 to 20pts exit is good
as time is going. One who can afford 20pts SL can
enter.

DKG said...

@ Cooldent,

One more kick please...

"Yeh dil mange more"

Ilango said...

@ Hemant Harke,

It seems so.

ivth or "a" of 2nd wave is not known now.

POWERTRADE said...

Ye Kya hua
Kaise Hua
Kyoun Hua
Kab Hua

Ho Chooodo Ye na Socho

hm hm hm Ye Kya Hua :(

parminder said...

Dr kumar, u r right
u have to change coat fast in trading

anmpatel said...

opening open - high was same...now broken....power of bulls... thanks GOD. for giving patience in bad times.

Divakar said...

@DR Sir

I email you, please check

raghava said...

Spot today didn't cross 5054.65

Dinesh Rishi said...

Divakar

you mailed me today

but I replied you yesterday

once again forwarded, plz check

Hemant Harke said...

new high after 3.15pm

NOBLE said...

@ master
now below what level weekness seems to be?

ravi said...

Dr sir, what about my mail sent 2u yesterday.

SANPOT said...

Sir, since the 'ii'nd was a simple correction the ivth was a complex correction?

HARISH TAHKKAR said...

Weekly close > 5020 makes Weekly Bar Reversal.
H.C. at 3.PM > 5039 makes 3 Hour Swing H 5039
Swing Low 4996 as per tech table only.
Trailing SLO changes every hour.See tech table.
Activate part booking Qty.in direction of JNSAR.
Activate and keeps trading in direction with
entry-exit with SLO.

Ilango said...

@ SANPOT,

The "ivth" is a triangle kind -"abcde".

SANPOT said...

N.F. discount reduced.

Dinesh Rishi said...

ravi

that I reply on weekend

Ilango said...

@ NOBLE,

Today's Low.

SANPOT said...

Thank you Sir.

Kumar Technicals said...

D R Ji!

I also sent a mail today but u did not reply, kindly reply if you can.

J.R.Julius said...

Camarilla Intraday - Trade2 - STATUS
Nifty Futures
LONG@5014 - 35+pts Reached from entry.
Part Booking/Full booking, Personal Decision
Advised.

DKG said...

@ Cooldent,

Thanks buddy for gr888 kick !!

parminder said...

Mster ilango,
u are simply outstanding,
tussi Great ho sirji
☺☺

Pankaj said...

Disco lights...on please!

J.R.Julius said...

40+ Points!
Where are you bull?

Ilango said...

Isn't the "Following" wonderful than "Predicting".

Would it close above WHEma....that would be "mega bullish".

SANPOT said...

Sir, a massive, vertical, steep 3rd of the vth?

Dinesh Rishi said...

Kumar Sir, Cooldent,

http://www.youtube.com/watch?v=QZatOY1AKWc

anmpatel said...

DR sir
congrates
BN in 5 fin now......

anmpatel said...

i think WJNSAR will also trigger...

VIJAY KUMAR said...

Ilango sir
u r really great and ur chart and table really its awesome got 225 point in bn just squrf off

very very thanks sir

Dinesh Rishi said...

Three days back somebody asked me

When will BN be 5 digits

who asked?

Ilango said...

Was that counting 1,2,3,4,5 difficult...??

Jay ho...Ralph.N.Elliott.

Thank you.

DKG said...

BN 10K.....

Fireworks !!

VIJAY KUMAR said...

(only patience is ur fruit) u teach me sir that how to keep patience.

cooldent said...

Thank you thank you

Ilango said...

Don't thank me.

Pat yourself, if you have done well.

Teaching is quite simple.

Trading - taking a position, holding it patiently and exiting is the "toughest part".

J.R.Julius said...

Trade#2 50+pts

Today 1 could have earned minimum of
Trade#1 = 14(Part+TSL avg)
Trade#2 = 15-30(as scalp)

Overall Minimum of 35 to 40pts Possible.
I enjoyed the day with Market & Friends.


Thanks for the wonderful day. See you tomorrow.

parminder said...

master if closes above 5065 Whema
right

Waquar said...

Ilango ji, now where should i look to enter long position ?

Also is this the strt of 5th wave ?

swami said...

LLANGO

which place i booked my profit...

Kumar Technicals said...

Dear Pam!

Vision & fast action both needed in trading, Master alerted us on right time. Now you must be understanding importance of last hour high 5025.85. After crossing that it did not look back, enjoying my longs now:)

Closing avg running 5054 as of now but Nifty running above 200 DMA....

D R ji....good song...pum pum pum:)

Ilango said...

@ Waquar,

It could be the "v" of 1.(Green)

OR "i" of 3.(Red)

@ Swami,

5085-5090-50sma.

5090-

swami said...

thanks, u done gr8 Job LLANGO

anmpatel said...

@master
yes you are true....but without your guidance and inspirational stories it would not work.
thanks master.

Dinesh Rishi said...

The other day when Dada said on TV

condition is worst than 2007-8

I knew he has withdrawn some money from swiss & will put in stock market

Ilango said...

BN is knocking at the resistances zone...10030-60.

Nifty too at channel resistances and closer to 50sma.

BUT no weakness.

Any pull back on Monday should find 5040 as supports.

anmpatel said...

WEEK JNSAR HIT......but closing avg is still 5055.55

DKG said...

Closing Avg as of now is 5057.82

Randhir said...

Wave 5 = Wave 1

Parimal said...

My Dear Sir Ilango
it is not difficult to count 1 2 3 4 5
only sometimes it is quite confusing
if so happens i shall stay out
thanks Master

gkm223 said...

patience, having tgt, acheiving tgt gr8 things.

SANPOT said...

Sir, we have to pat the Guru who has made the teaching simple.

Dinesh Rishi said...

What a Happy blog

no body struck in shorts

all enjoying it seems

discipline focus said...

@Ilango,

Master I guess the reason we thank you is -
we do well> because you taught, we experimented/learned/improvised....and most important formed a belief "it can be done"
only then are on stage to patting our backs.

Teaching is quite simple >>> the only teacher who have ever said that, whom i encountered in my life , were the ones who made subject easy to understand and made learning fun...needless to say those are the best teachers

about "Trading - taking a position, holding it patiently and exiting is the "toughest part". " you answered it yourself for us " Isn't the "Following" wonderful than "Predicting"
It is Sir, if it wouldn't prediction experts "analysts" would have been billionaires not traders.

Can't thank you enough for turning us into "trend following Turtles (read - turtle traders)"

regards
discipline

Dinesh Rishi said...

SANPOT

not "pat" its should be pranaam

DKG said...

DR Sir,

PT & Sujatha are missing...

cooldent said...

closing will be 5064.5 around

VIJAY KUMAR said...

no no Ilango sir we all should thank u. bacoz u provide us all data (charts. table with everything) and always u indicate us about going down/up now it is upto us what we do.

POWERTRADE said...

Chalo bhai Log,

wish u all Happy Weekend and Fresh Monsoon showers :) :) Kaynat mein Jaan A Gayi hain :)

Randhir said...

Nifty Future discount turning into premium

Ilango said...

The last rise..the vertical kind is generally associated with "v"th waves.

Profit booking is advisable.

Next supply zone is around 5090-5125.

Hitendra said...

Illango sir - Great example of perfect 12345 & once again thanks for your guidance.

DR sir - BN 5 digits and holding. Gr8 call.

anmpatel said...

5065 now. hold longs...........

satheesh said...

The current high of 5082 exactly meets the trendline joining from 5629, 5499, 5342 and 5279

anmpatel said...

as of now 5065.32 is avg closing price in yahoo charts. thanks.

anmpatel said...

5068.04 final figure in yahoo.

Kumar Technicals said...

Have a nice weekend to all of you, enjoy & take care:)

sometimesbullsometimesbear said...

Get drenched in the rains everybody this weekend :):)
But dont drink and drive!!!

Trend is always friend, everything else is pure
distraction :):)

HARISH TAHKKAR said...

dayakarji,
You can try http://stocklivedata.com/
I am useing snce 1 year never needed any help for support.Excellent service fast and accuarate.
Ask for 10% discount after enquiry.

mynac said...

Stunning performance from Nifty...

swami said...

DR

Yes DR , No noise from Blog , I think NO one in Short Side......

Prithvi said...

WOW,

MARKET IS NOW IN SUPER BULLISH MODE

ENJOY HAPPY WEEKEND

Yash and Dhan said...

Thank you friends.
Great end to the week.
Have a great weekend
Bye.

SANPOT said...

Yes DR Sir, I agree. My Pranam to Ilango Sir.

sri said...

Apologies if my below comment irks anyone, but would not stop to write that...

since morning, i was closely reading all of the comments especially sir's and mynac's besides watching market very closely......belive me, market gave this indication by showing firmness and huge writing of 5000 PE inspite of global 'redness' coupled with 5000-120 CE price firmness...hope some of you kept track of the same.

Just Huge Consistent Profits said...

Dear Ilango sir,seniors and friends,

Thank you all.

oru_indian said...

Dear Ilangoji,

EE done.

rgds~Ajith

sri said...

also, 30min D stood up from the below, 1-1.15 pm positive orb breakout, 30min 34 ema providing a solid support.....these are few imp factors giving indication.

sri said...

and in mynac's language....hour 35 D rather than directing itself 'south' posed up since morning(with its signalline) towards 'south-east'.....i was watching all these factors..

SANPOT said...

Sir said-any pull back on Monday should find support at 5040, where we can enter longs again. Sir hats off to you for giving this important guide line 2 days in advance.
Thank you once again.
E.E. done.

anmpatel said...

@master
as i feed today high and close in week data in TA the WHEMA changed from 5064 to 5072....is it normal or i made mischief with TT?

Kiran said...

DR Sir,

It was me, who asked when BNF will be 10K.
Sorry for late reply. was not on blog due to personal commitments.

mynac said...

Dear sri,
That good 5 lac plus writing @ 5000 PE saved me,because generally when Hr.HST turns down,it generally travels 7 to 8 hrs.in that direction i.e Nifty used to show new low after every hr.or two but today,that 5000 PE kept me on the ground & so only could gain at least something :) Happy weekend...:)

It is observed that when Nifty is hrly over bought,but trading above DHEMA then it used to come up to DHEMA & then try to break it,but when the momentum or trend is against this very short term trade then the trader must keep himself alert,otherwise what can happen...we just witnessed it...

sri said...

Mr discipline focus.........sir's mission statement itself is legendary....longtime back he wrote a story 'that he is on a mission to build other's homes while resurrecting his own'......(humble apologies sir if am in anyway not correct in depicting you....)

but, i felt very deep substance in that story and Ilango sir's work !

The rest is history as you all know !!

sri said...

yes mynac...very true...and you too have a good weekend....

btw, very signifant addition of 5200 CE saying mild runup on the cards with sir giving a chk at 5040...chk that and comment on that plz.

mynac said...

Dear sri,
If I am opportunistic seller @ this time then also I would not like to log on my trading A/C on Monday up to 12-1.00PM :)& if I am a patient Bear then would wait for Nifty to give a close atleast below DHEMA...Due to lighter NF O.I.data and present momentum Bulls are in a position to take Nifty where they want,until they are keeping it above DHEMA so ....though it looks overbought now on Daily & Hrly bais,it may remain or you may say have right to remain overbought for some more time from here onwards.TT file will guide us...

sri said...

i agree...thanks mynac.

VIJAY KUMAR said...

good bye Ilango sir i m going to ajmer (Rajasthan) but i m carrying my notes to study on weekend.
have a nice weekend to all blog frnds.

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