Wednesday, July 4, 2012

Nifty Intraday Update-I


Smita said...

Thank you sir .

Jigar said...

@Ilango sir ,

Break of 5293 will show more weakness for intraday based on 1-2-3 ,

5317.45 (1)
5293.25 (2)
5305 (3)
currently 3 is in formation and will be invalid if it breaks 5317.45 . Correct me if wrong .

Piyush Sharda said...

if a triangle this wud be b wave ended at 5317.45 maybe. yesterday a started at 5317.
can be surpass a as in triangle as in expanded flat.

Piyush Sharda said...

type b surpass a instead of "be"


Nifty , if not sustain above 5311,would correct towards 5285-5243.Every dip is buying opportunity till its above 5213-5217.Breaking below 5240-5210 will bring more weakness.

Supports & Resistances for today:-

5311-5370 – Resistance area.

5243-5285 – Support area. ( Re-Buy Opportunity)

Current Trend: - UP.

Possible Movements:-

1.5285< = > 5311< = > 5285< = >5340< = >5370.

2.5285< = > 5311< = >5285< = > 5243< = >5340< = >5370.

3. 5285< = > 5311< = > 5285< = > 5243< = > 5213< = > 5190

Two best rules for successful trading:-

1. Initiate position in the direction of trend, near support & resistances.

2. Max stop loss - 30 points.

Happy disciplined trading to all.

Have a nice day!

prakashbkc said...

GM Master,

Is tata steel leading the nifty to new high?

shiva said...

good morning,seniors..

puravi said...

Good Morning Illango jo & friends
Does anyone have the following, preparing for CMT.

Study Guide for the Second Edition of Technical Analysis: The Complete Resource for Financial Market Technicians by Julie R. Dahlquist, Charles D. Kirkpatrick

Thank you

J.R.Julius said...

For the past few days I am seeing
1-2-3 pattern discussion going on
mildly. One of my favorite scalping

I wish to post a link to calculate
Risk-Reward-Targets using fibonacci
for the benefit of our friends
if you give the permission.

sandeep said...

julius sir pl do

shriram said...

Morning everyone,

Day candles 5335-5340 is a Res Zone..
Nifty supports @ 5283 / 5275 (34,30m)

have a gr8 trading day!


mynac said...

Dear Shriram,
As still bulls are not in a mood to give up,they have no any other option left but will have to take Nifty towards 5335,in-spite of Rest.Zone, when DHEMA is rising everyday...

parminder said...

julius sir,
pls go ahead for the benefit of all

bizagra said...

Dear Mynac, with Oi above 2.2 cr...can we say it is not easy for bull take nifty too much up for the time being??thx

shriram said...

namaskar mynac,

Naveen photo ekdum jhakkas aahe :-)

5DEMA is UP so ur Bulls have the ball... but this move is stalling near 5320 odd... maybe some more consolidation & a test @ 34EMA is due to decide

In any case, 5DEMA is trending UP , so buy on all all dips towards 5hrLoEMA / 34,30m is on ,

barech divasan nantr ofc che kaam kami ahe, ase laamb lachak msgs lihayla :-)

mynac said...

Dear bizagra,
In last recent few months,it has seen that"to get tired" Nifty O.I.had gone up to even 2.65-75CR.

After watching present O.I.buildup(2.35CR) & considering that recent experience,it is visible that still there is room left,even from here for any addition up to 40-50lac...So let us see whether Bulls shall take this chance or not? because it is not that much impossible...

mynac said...

Dear Shriram,
Te amache shaikh chcaha ahet...:)

San said...

Tata steel is trying to stay above the resistance line. More strength above 454.

Tata Steel Update: CLICK HERE

shriram said...

@ Ilango ji,

How are u labling today's move sir ?

sub -frac "c" of FLAT or ... ?

Dinesh Rishi said...

anmpatel said...
good morning buddy. ye shivaji ke pass kaun hai?

buggie advani said...

Badi gaadi ki band khidki se
Duniya haseen lagti hai
Zara pooch ke to dekh un rindon se
Jinke paanv sadak ke gadhdhon se bach ke chalte hain...

Dinesh Rishi said...


do u want 29 Jun gap to be filled?

Ilango said...

@ J.R.Julius,

Go ahead. For such stuff, no need to take permission.

@ Jigar,

123 is in play. You're right.

@ prakashbkc,

Tata steel too stuck in a range of 442 to 455 just as Nifty in 5265-5318.

parminder said...

Dinesh ji, SSA
sirji which gap u r talking about

Prithvi said...


Please fill that gap today than
i will come by air to give you mithai.

cooldent said...

jaan lega kya DR sir?

parminder said...

Dinesh ji,
Talking abt 5158-5190 gap?

shriram said...

EW folk,

Anyone counting sub-frac "c" DOWN from 5317.45 as an ED ??

Sanjay Jaiswal said...

Dear Ilango Sir & Blogmates,

OI Update at 11:00 AM

Thanks & Regards

Parimal said...

Below 200DMA on 1.5.12, Tata Steel touched low of 390 on 3.6.12. this was its consolidation time. before coming down 200DAM also it consolidated for long time. on hr chart, it now above 200DMA and gained about 60 pts.
what i want to say is that a movement comes mostly after consolidation, or conversely after a sharp movement, consolidation might follow.

Ilango said...

@ shriram ,

Yes. It is the sub-wave "c" dn of the flat(irregular).

Irregular generally suggests of "bullish moves" post the completion of corrections.

Ilango said...

@ Parimal,

You have captured the most important factor in "making money":

what i want to say is that a movement comes mostly after consolidation.

Hence, a consolidation is a period one should plan and take a position for the subsequent break-out.

Trader uses such a phase for "Trading" while an investor would buy into dips.

Parimal said...

Respectful thanks to you Dear Master
it is all your teaching
kind regards

shivanGupta said...

sir how to know consolidation is accumulation or distribution

anmpatel said...

according to hourly HA nifty must past 5303 otherwise new low in half hour......lets see.

Parimal said...

I give one more example of consolidation.
Sesa Goa falls below 200DMA on 27.2.12 and consolidated within a small range till day before. yesterday it moved above 200DMA @192. let us see now where it goes

nifty rider said...

grinding market
Doctor: I can't find a cause for your illness. Frankly, I think it's due to excessive drinking.
patient: In that case, I'll come back when you are sober.

shriram said...

@ Illango ji,

Ok , another Alt option,

this cud be a corrective to sub-motive 5266-5317 ?

5266 5317 51
5317 5292 -25 -49%

Smita said...

Sriram ji ,

I was also thinking the same , we could have done
w1 5266-5317 today morning .
w2 5317-5291 ( 50% of w1)
now in w3 ?
Invalidation If we break 5291 down if I am right.

parminder said...

Good morning u r a man full of options with labels,Blue,Black,Red

Ilango said...

@ Parimal ,

Sesagoa seem to be having a "Rounding bottom" in Day chart. And it's up by 3% today @ 201.

"Pattern spotting & investing" is one of the best investment strategies.

Nilesh Patil said...

SSA. :)

Ilango said...

@ shivanGupta ,

Observing volumes will give early indications of either consolidation or distribution.

Price break-out or break down from the range is the final decider.

anmpatel said...

lal lal ho gaya screen

shriram said...

Hi smita,

One more option, pls look @ "c" as ED down from 5317 :-)

Dear PAM,
HAHAHHA.... LOL.. V good morning !

Good spirits mein rehne ka simple funda -->

EW lable in Day & Black lable @night, kyun ? ;-)

STOCK4SURE said...

small bullish WW pattern developing in ns charts
may dip towards 5280-85 range
trgt 5207-10 range

Nilesh Patil said...

INFY is forming Ascending Triangle on hourly Chart.

mynac said...

Dear anmpatel,Dinesh bhai,
was away from market for sorry for late response..
"It's not me but one of our family friends Mr.Adambhai Shaikh alias Chacha,works as senior pattern maker and from whom one must learn how to work so hard & passionately @ the age of 78,to deliver qualitative product..Hats off Chacha"

I have kept it for me,because
Wo hamesha kahate rahate hai ki"Yar ap log hame bhul jaoge..hamari yad ati hai kya ? hamara bhi dhyan rakho.."
So only I have kept it...:) nothing special...

parminder said...

Nilesh ji

J.R.Julius said...

I think my post about 1-2-3 gone to

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