Thursday, July 12, 2012

Nifty Intraday Update-I


J.R.Julius said...

Taking Support@5240
For the Range 5234-5323
Possible Retrace/Bounce

Just Huge Consistent Profits said...

Good Morning Ilango sir and friends,

Happy Trading Thursday to all.

Good Luck

bizagra said...

Ilango to initiate JNSAR trade now???way below it..

J.R.Julius said...

From Today's Range

Sujatha said...

Goodmorning sir and all :)

Many Many Happy Returns of the day to both of you. Nifty too "Return of the Day" Have a great day.

PS : 270 possibility again looks like..

parminder said...

Dinesh ji,

parminder said...

Sujatha ji,
Good morning

puravi said...

Pedha huai toh phela kapda nappy...marenge to akhri kapda kafan...dono mein pcket nahi...phir jindagi bhar pocket bharne ki daud....kyu???

J.R.Julius said...
This comment has been removed by the author.
J.R.Julius said...

Minimum Expectation of
Projection Downside(Today's Range)
Maximum Expectation of
Projection Downside(From 5323-Today Low)

Should Break Day Low Again.


Nifty has broken support area 5270-5280 with a gap down. If sustains below 5280-5300 then short on rise is the strategy for the day.Bulls need to protect 5280 at EOD to be in the race.

Supports & Resistances for today:-

5250-5210 – Support Area

5282-5299 – Resistance area.

Current Trend: - DOWN

Possible Movements:-

1. 5306< = >5230< = > 5282< = >5208< = > 5182

2. 5306< = >5230< = > 5282< = >5299< = > 5208< = >5182

3. 5306< = >5230< = > 5282< = >5299< = > 5315< = >5346

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!

shr said...

Sis, please some more on the downside then you can take it back to 270 and beyond. Been long time since we had big fluffy idlis.

shivanGupta said...

sir youe EW count say upside move pending but we have broken down from rising wedge pattern which often gives sharp fall so which one to follow.

Ilango said...

@ bizagra,

The immediate resistances would be around DLEma-HLEma.

Nifty has taken support @ the 2nd channel bottom.

Earlier lows would act as resistances..5266-73 & if has strength - 5288.

Smita said...

sir the chartabove looks to have a +ve divergence.

parminder said...

Master , i have also the same query like shivan as posted rising wedge normally gives 50% retracement
kindly guide and what to do like todays Gap down from jnsar

Sujatha said...

PAM - hi GM :)

shr - check our "ema duo" me too booked out at low instead my original target 194. wat to do if the price showing something i hv to oblige :( no other option.. 59/72 is my target and how it's reacting is the "Q"???

Fire said...

Sanjaybhai & me are among those rare lucky persons, who have these many well-wishers. I bow my head in gratitude.

Thank you Master. Thank you friends & all my teachers.

shriram said...

Morning everyone!

Happy bday fire & Sanjay

Kumar Technicals said...

Good Morning ILango sir & everyone!

Many many Happy returns of the Day dear Sanjay and Ranajay. Happy Birthday to you, enjoy but tk cr of Saawan too:)

Dear Pam! Sunne me kitna sohna lagta hai ye Pam, thanx for loving msgs...u r really so sweet:)

anmpatel said...

good morning everybody


puravi said...

@Sujatha sent mail..please check at convenience:-)

Ilango said...

@ parminder,shivanGupta,

BN shows more clear sub-waves and is the strongest. One may take a few cues from it.

Whatever patterns/ waves that appear have been mentioned which goes to show an "inflection point".

This "inflection point" would get resolved by Friday's EOD close.

By remaining objective, we have been able to clearly state the "weakness below 5320", "Harami pattern", "close below 34 Hr sma", etc. These clues were enough to "Book-out of Longs", if not creating "Shorts".

I await some OI updates to see how 5200PE is doing to understand ST strength/ weakness.

parminder said...

Dr Kumar,
Very good morning.
U r liking it that is of utmost importance and thanks for the acknowledgement.


parminder said...

Thanks for the time for ur valuable inputs.

anmpatel said...

what is developing DJNSAR for tomorrow for bank nifty? thanks in advance.

bizagra said...

Ilango sir..seems c of abc going on....correct???

Sujatha said...

today is IIP data??? at wat time?? tks n advance
anybody pls

SANPOT said...

@Ilango sir,inspite of the Index falling considerably apart from Infy no other blue chip stock or even the broader market has not reacted badly so far. In your yesterday,s post market view you have given the supports below 5305 as 5265, 5235, 5195. Considering this can I take long positions keeping 5234(todays low) as stop loss.

Prabakar said...

Dear Ilango Sir,

if you permit, after a long break, posting OI

NIFTY OPTIDX Open Interest at 10.50 -> CLICK HERE

anmpatel said...

high volume trade around 5255-56 at opening...around 17lac in nifty.

it is at 11am....if come on time.

SJkolkata said...

Ilango Sir,
Theres is huge writing of 5200,5300 and 5400 calls and this is further supported by unwnding of 5300, and 5200 puts.
so it looks extremely difficult for the markets to show any bullishnes.

Sanjay Jaiswal said...

Dear Ilango Sir & Blogmates,

OI Update at 11:00 AM

I am overwhelmed by the multitude of wishes. Thank you Ilango Sir and all Blog-mates from the bottom of my Heart...

Thanks & Regards

anmpatel said...

a/c to HA hourly last hour open low same at 5242. for this hour 5247 should protect must by bulls.

SAM said...

Ilango said...


These are minor trades, you have to use your discretion.

@ anmpatel,

BN JNSAR for 13th: 10579(approx)

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

IIP 2.4 vs 0.1%. market expectation was 1.8.

parminder said...

hi anmpatel,
hourly open low high close at 11 am is not same .

5244.45 5260.40 5242.45 5260.40 11:00 AM

Natti said...

hello sujatha what is 243 levels?

anmpatel said...

@ parminder
5242.70 5260.40 5242.45 5251.93
is a Heikin ashi values. its diff from spot nifty value.

shabsaif said...

Good Morning.....................

Sujatha said...

natti - day before and yesterday i was talking abt 343 not 243 (or) did i mention anywhere today 243??? pls. correct me if i mentioned today.

sometimesbullsometimesbear said...

If TCS also gives bad results post market Nifty might have to be admitted in ICU for some time.

shr said...

@Sujata, the duo still indicate upside. Last few days bulls managed to hold 5300 quite comfortably
so for the duo to align down, today is good start
but should maintain else the 35hr-D will call for a bounce back.

anmpatel said...

if that need arise please admit it at sterling hospital at ahmedabad!!!
so i can take care of it.

SAM said...


parminder said...

Nilesh ji,
Very good morning sir.

Jiignesh said...

GM sir and JNFAMILY friends

Sujatha said...

shr - right the due is supporting crossover comes also good breakdown also good watching carefully the no.

STB - 270 below already in ICU...break below 215 is "ventilation support" possibility to "out" from ICU can't ruled out @ EOD let us see

Piyush Sharda said...

nice profile pic jiignesh, inspired frm dhirubhai..

Dinesh Rishi said...


where ru man

its celebration time:D

cooldent said...

DR sir

PT making bid for UB

Kiran said...

ONGC , JP Asso, GAIL, Cairn, BPCL, Asian Paints are still with bulls...
And as usual HUL.

Dinesh Rishi said...


todays closing will decide fate of all

Stock mkt is like cycle stand one fall all follow

Natti said...


yes. I would like to to know what are you referring to.

Kumar Technicals said...

Dear D R Ji! Pranaam.....

PT is busy in celebration in day time, i just caught him:)

BVREDDY said...

@kumar sir,
good morning

Traveller said...

Can we see a green closing today ?

Prithvi said...

DR Sir,

Tussi happy and i m on juppy,
kal short kiya hota to aaj maal lav lav bolta hota.

BVREDDY said...

@sanjay sir,
many many happy returns of the day.

your OI analysis is very nice.

krishna said...

Week's S2 done @ 5235

SAM said...

@ master .. A very good elliot wave chart for infy is there on fb can i post link

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