Friday, July 13, 2012

Nifty Intraday Update-I


56 comments:

SAM said...

master taget for 5th wave ???

Prabakar said...

Namaste Ilango Sir and JN Family

Prabakar said...

NIFTY OPTIDX Open Interest at 10 -> CLICK HERE

prakashbkc said...

Open & High same for 10:05am candle

CDG said...

@Ilango,
What can be a possible validation point where we could say that it is"iv" done or we are still in (c) of "b".
If we can validate this we can also calculate targets. is that correct

Ilango said...

@ SAM,

If it is the sub-wave v, target is below 5218 & around 5200(WEma)

If the "b" wave is in progress from 5218(of 12th), then some choppy moves/ retrace for 5218 to 5267 is on.(Refer fibo. table in TT)After which another high above 5267 to complete the correction.

Ilango said...

@ CDG,

Waves have a way of keeping few options open.

But for a iv, it should not move above 5267 now but go towards 5218 & lower.

The other option is:
a:5349-5218
b.a:5218-5267
b.b:5267-(5243/5237/5231)
b.c: (Above 5267 or around it)
c: we'll come to this later.

shivanGupta said...

sir if 5th wave is truncated in 5waves then how much distance it need to travel of 4th to qualify as truncated 5th.

NITIN KADAM said...

After turning trend down by closing below 5170,nifty trying to bounce back towards 5170-82 zone.Bulls need to manage closing above 5180 to be in the race. Breaking below 5200-5180 will make scenario more bearish.

Supports & Resistances for today:-

5282-5303 – Resistance area.
5250-5210 – Support area.

Possible Movements:-

1.5233< = > 5263< = >5282< = > 5208< = >5190< = >5165.

2. 5233< = > 5263< = >5282< = > 5303< = >5190< = >5165.

3. 5233< = > 5263< = >5282< = > 5303< = >5333< = >5375

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!

CDG said...

Thank you very much Ilango ji...
Regards

Ilango said...

@ shivanGupta,

Truncation means not making lower than the 3rd in downtrend or not making higher than 3rd in uptrend.

How far...? No one knows. But you could identify it with sub-waves' form.

Sujatha said...

Hi, Any "Veterinary Doctor" here?? If so kindly check "bulls legs" it's injured not able to walk or climb above 270 level. you can get the fees from "bulls" itself :) tks n advance

Traveller said...

Any option expert can explain why nifty trades mostly in tight range for past several moves..and even after consolidation breakout/breakdown not reaching targets?
this series started at 5200 and high made was 5349 just 150 point range..techinicals are always there but from options point it may provide added advantage if we know if it gonna be a rangebound.

Ilango said...

@ Sujatha ,

He is available in "My blog List".

SAM said...

@master thanks ...

prakashbkc said...

@ Sujatha,

Bull's leg bitten by BEAR & it is still not clear whether bear's mouth is also injured?

Nilesh Patil said...

@Sis,
Lift the nifty up.

prakashbkc said...

If someone had seen bear mouth kindly clarify about it's mouth position?

Anil said...

@Traveller

i am no option expert, but since my position are more of options writing, what my observation is if previous month have been a good run/fall expect a coming month on a consolidation note...it is purely price action, it needed rest the way it gone to 5350...

Till our 'Sujatha' allows it..else she is already have upper targets in hand...

Prithvi said...

Good Morning Family,

Today is operator days,they do what he wants.

Sujatha said...

Sir - :) :) mudiyala sir emsai arasan 23-m pulikesi 67 again comes sudden upside not ruled out i feel but irritating me..only useful thing i learnt from mkt is = patience - எருமை பொறுமை வந்திடுச்சி எந்த விசயமாக இருந்தாலும் தெளிவாக யோசிக்க முடிகிறது மனமார்ந்த நன்றி

prakash - dishyummmmm punch on bears break other tooths too

anil - ji - lol

HARISH TAHKKAR said...

Head & Shoulder Yesterday open to now.
Break out if move above previous day High.
To day open P.D.close never move below < o.
> SMA 5 1sT HOUR > EMA 5 HIGH.

nifty rider said...

abhi toh bulls hi dabang hai

shivanGupta said...

sir do you think Vth wave possibility has finished now.

Parimal said...

By dis-investing about 10% stake in SAIL, govt. is to pocket about 4000 crs. how to spend the booty? social spending, what else!! that is how to secure vote!! what a callous idea!!
of late PM spouts great ideas about strong steps for economic revival. but executes nothing.
how do you think market should make decisive moves!!

shriram said...

Mornign everyone!

Bulls need to conquer RES zone 5263 & 5270 to entertain upside tgts.

Sell on rallies is on till we close > 5270 EOD

Sanjay Jaiswal said...

Dear Ilango Sir & Blogmates,

OI Update at 11:00 AM

Thanks & Regards

Sujatha said...

sudden cross to 280 first then JNSAR - wishful thinking.. shhhhhh

nifty rider said...

will bulls run 100m race?

Traveller said...

@Anil thanks for your views.
apart from that there are more analysis with respect to price behavior rather than its OI...buy which one can't judge if its a buying or writing and it makes it so confusing.

rb9 said...

LETS WAIT TILL THE TUSSLE GOES ON BULLS WILL GET BITTEN BY BEARS (CAUMAFLOUGED TILL 3 PM)

sometimesbullsometimesbear said...

Electrocraft LOL . Eat premium and not ur nails. ROFLLLL.

madamuniramaiah said...

Because of leg injury hope it will for atleast 75 metere race.SIRS

Anil said...

@Traveller

analysing options data requires a effort on part of analyst..always focus on how much highest/lowest OI the PE/CE attended during the session and then focus on current OI buildup...as one may have observed yesterday, in opening lot of put got covered(negative OI) but as soon market starts forming its base neat to 5220 levels, the extent to which the OI rises during that time clearly reflects, some players are entering in market (i mean writing puts) thats why..in morning OI fell down till (-7% for ex) and if it get reduced to -2/-3% clearly indicates fresh writers getting in...

sometimesbullsometimesbear said...

Parimal he is behaving like a munimji of a family enterprise. No leadership qualities. Sorry state of affairs. Very bad for the market.

sometimesbullsometimesbear said...

Sujamma have u done NLP course or some mind training course. Ur OMG posts all signify some sort of visualising desires and attempting to manifest them in reality. Vooodooooooo!!! :):)

Sujatha said...

Traveller - that's y i never even attempt to "travel on path of OI" it's upto mynac/sanjay sirs and other experts. i will eat "OI fast food"
from them..missing "mynac" very much

Anil - wat's ur take? am with "injured bulls" nobody is looking after it hence me on the job worry is JNSAR :(

HARISH TAHKKAR said...

Yesterday High is powerful resistence as
It is neck line H & S Breakout
To day ORBO Breakout.
Initail Range top.
Hourly Hammer at 11am also
If moves belwo " o "
& Previous day " c " confirmes weaknes.

Parimal said...

Every evening 'he' asks -MADAM, which color turban should i sport tomorrow?
he is a sarkari admi, he is just destined to follow orders.
Alas! we can hardly do anything!!

Anil said...

@sujatha

yesterdays long got booked out y;day itself..
now just keeping fingers crossed...although 5280 is a stiff zone, all depends on how price reacts there..else its weak only...on downside love to see how 5236-39 will react..a lot depends on that this time...

STOCK4SURE said...

bank nifty at 10680 34ema supp in 5 min charts
55ema is near 10670

shabsaif said...

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

Parimal said...

My Dear Shradha Saburi
Good Morning
1. hr cloud is thin and has turned down
2. Tenkan has crossed Kijun downwards
3. price inside the Kumo
4. Kumo lower band is the support
let us wait and watch
regards

Sujatha said...

Anil - me too out nearby 270 but hv a gut feeling that one upmove pending if 215/17 not taken out decesively + MID BB support + CAM weekly L5 sofar supporting the hour now it's range bound just scalping mkt. believe today's low will protect then noon session upmove???

Ilango said...

b.b:5267-(5243/5237/5231)-5243 Done.

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

Anil - ahaaaa low touched and back??? anything good smell???

Pankaj said...

So, as per Mr Ilango, now what we have is C wave down!

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

@pankaj

sir is saying c wave of b up is pending after that C down will commence

Pankaj said...

@shivan,
Oh ok, Thanks shivan!

J.R.Julius said...

Camarilla Follow Up - Nifty Futures
For H3 SELL@5266 expected target 5246 & 5237(L3)
with tight stoploss.

Pankaj said...

@Sujata,
I am sorry, I apologies. I have deleted my comment.

bizagra said...

Ilango sir...i m still waiting for 5275-95 to short as given for conservatives...is it okk??

STOCK4SURE said...

bearish WW pattern developing in BN 5 min 5 day charts
may move uptill 10750(pt5) near lvls and then may correct upto 10650(pt6.trgt)till monday morning session

sl at days low

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