Monday, July 16, 2012

Nifty Intraday Update-I


Prabakar said...

NIFTY OPTIDX Open Interest at 10 -> CLICK HERE

gauresh59 said...

Namaste ilango sir and friends

Today’s quote received :

The Spirit of True Love is :
- To love without condition,
- To talk without intention,
- To give without reason,
- To care without expectation

Prakash-Pol said...

Good morning Master
I am proud to be here. And to be your disciple.
I pray God for your health as you continue your selfless service.

Crorepathi said...

Fill the brain with high thoughts, highest ideals, place them day and night before you, and out of that will come great work.
Swamiji words at work = JN
Congrats Sir and mates!!

I will throw a big party next anniversary JN chennai chapter celebrating 5 years completion and token of gratitude.


sometimesbullsometimesbear said...

Dear Ilango, this blog is a living evidence of your consistent hard work, dedication, commitment, and total faith since the VFM days which I have been witness to. I believe it commenced earlier than 2008.

In any case wishing u and ur family as well as the JN family a wonderful joyous rich anniversary. Hope to see u on the Business TV channels also soon :):) It will happen and must happen.

shankerlal0007 said...



good morning sir and all friends.

Happy Anniversary to Just Nifty and all the members.
This is Niswaarth Sewa Blog by Sir indeed......
Very Very thank you Sir.

Prabakar said...

As of now, NF support at 5236...

shankerlal0007 said...

anyone watch nifty future open & low 5175.05 ??

Prabakar said...

And NS support at 5226..


Dear Ilango sir,

Yuhin Kat Jayega Safar Sath chalne Se
Ke manzil ayegi nazar sath chalne se

Bus ye sath kayam rahe
Ye pyar Bana Rahe



sandeep bhoite said...

Heartiest Congratulations to masters and followers.

What a class , what I see is only dedication from all member's specially those who's name pointed by sir , its always reflect in action , keep growing friends from all point of view with way Master thought us .

Vipul Rastogi said...

Another year to create
precious memories together.
Another year to discover
new things to enjoy abt each other.
Another year to strengthen
a bond that defines forever.
Happy Anniversary Ilango Sir and JN Friends.

Prabakar said...

Dear Crorepathi(Venkat),

The JN get together is a long pending request. My prayers to have it soon... :)

Sujatha said...

anmpatel - :( :( s "inflation data" Sir has given one "bullish possibility" too. no other option i will wait for buying.."no shorting" i closed my shorts always @ 5215 area. am never comfortable @ lower level shorting . my useless guessing is on Upside only. (pankaj -ji is cursing me???:D )

STB - no u can't expect Sir on Blue channels becoz he "can't bluff" that's not possible for him :D (just for fun)

Crorepathi - u can give party as "your names says so" :) anyway i think "any hotel is not enough" better to select "thivu thidal ground" or "nehru vilayattu arangam" :D becoz who knows the "JN-blogmstes' real counts??


Good Morning Master and Blog-Mates,

Congratulations Sir for completion of 4 years of JUSTNIFTY Blog & Thanks a lot for teaching us uninterruptedly. Salute to your selfless efforts, dedication & consistency.

Excellence = Ilango Sir.

I consider myself very lucky to be a part of a JN family.

Supports & Resistances for today:-

5190-5210 – Support Area

5233-5263 – Resistance area.


Sell On rise (5163-5183)

Current Trend: - DOWN.

Possible Movements:-

1. 5233< = >5263< = > 5283< = > 5210< = > 5190

2. 5233< = >5263< = >5210< = > 5190

3. 5233< = >5263< = > 5283< = > 5303< = > 5333

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!

Sanket Mody said...

Yes, Shanker, I saw that...maybe a gap filling exercise in NF

Kumar Technicals said...

Good Morning ILango Sir & everyone!

Happy 4th Blog Anniversary Sir, thanx for being our mentor & hands holding in all times...This song is dedicated to you on this occasion.

bb said...

Something cooking up as market is in a very narrow range with downward bias :(

Anil said...

Congratulations to sir and fellow blogmates...for successful journey of 4 years...
Thanks for your guidance and blog members active participation...

shriram said...

May have finished a 5wave decline from 5348-5217

Time to expect a min 38.2% retrace to 5267

34EMA,30m @ 5254 & 30min candle RES cluster @ 5263 will show the way ahead

sandeep said...

great day 2day success to all. gm to master, dr julius, n all

raman said...

Can someone please explain what is the significance of premarket bids for Nifty between 9.00 am and 9.15 am as I see very wild swings up and down. Do they signify actually executed orders or is it a wild pre market order entered for the sake of confusing? I thought SGX Nifty levels and Premarket indicators would give a clue as to what is in store for the day but that does not seem to be happening at all.

satheesh said...

Namaste Ilango sir and all,

Pranams to you for the successful journey and for more to come.!!!

Converging of MA's in 5 min BNF - fast fall neagated above 10675. Breakdown below 10600 would result in a H&S breakdown

Prabha Gopalkrishna said...

Thank you Master for building this temple and guiding us day in and day out..
Thanking all the noble souls who belong to this temple ...
A small request Master...we would like to see your photo than the eagle in the temple....Please grant this wish..

Rajan Malhotra said...

Dear Ilango ji and blogmates

Good Morning
congratulations for reaching a milestone
and continuing this wonderful journey of
with love

Lakshmi said...

Dear Ilango Sir

Congratulations to you and our wonderful blog. Heartfelt thanks for everything that you have given us.


shriram said...

ok, view needs recalibration

next down move from 5267 (131 pts) to 5136 may have commenced.. Support can be expected near Dev 5Wk-Lo-EMA

view will get credence on break of 5190,

Sanjay Jaiswal said...

Dear Ilango Sir & Blogmates,

OI Update at 11:00 AM

Thanks & Regards

Ilango said...

11.00AM TT & Chart updated.

Sujatha said...

OHHHHH shriram-ji - no break of 190 plssssssss. want to see JNSAR as "v r in happy anniversary day" donno howmany times my 215 will protect howmany times i will buy and how many times my broker will earn :( :(

Ilango said...

Nifty did not breach 5237(for strength) but broke below 5220(20DSma) confirming the "sub-wave-v".

61.8% retrace of last upmove from 5096 to 5349 is @ 5193.

80% @ 5147 below which the larger retracement could be considered.

"5225" is the sub-wave(i) of this sub-wave-v. Hence, breach of 5225 would confirm a retracing rally.

satheesh said...


Today Bank Nifty JNSAR hit on short side!!

J.R.Julius said...

Camarilla - Scenario 3
Nifty Futures
L3 5227[BUY] //Trendline Break Above 5236
L4 5214[SELL]

J.R.Julius said...

@Sujatha Sis,
Good Morning - Have a Nice Day.
L3 5227 in NF & 5214 in NS.
If TL broken we can expect
Intraday Bounce. Good Luck.

Kumar Technicals said...

Dear ILango sir!

Are u considering the subwave 5 from today's high and if so, does the low of its wave i looks at 9.40 candle of 5 min chart at 5220.60 appx. Pls confirm sir....

shriram said...

Morning suja :

wot is "mayan logic" saying today ? :-)

J.R.Julius said...

Weekly Camarilla Levels - Nifty Spot

Ilango said...

Kumar Technicals ,

(i) of V considered at 9.28 candle in google 2 min chart-5224.95.

There are other bearish considerations too as shown in the chart.

If Nifty needs to reverse, it should be around the channel support...5190 approx.

prakashbkc said...

new Low Made & also trading below 20DSMA so one can short with SL at 5220?

Sujatha said...

Satheesh/Julius - thank you very much for your alerts. that will protect i believe satheesh don't make me cry today "(

but pity..என் தலையா நினைத்து டேபிள் மேலே ரெண்டு கொட்டு வையுங்க becoz .......

J.R.Julius said...

MACD in 5 Mins Chart may Support L3 BUY.
Waiting for Confirmation with TL & MACD....

shriram said...

Ilango ji,

How bout a ZZ from 5348 down, wid C in play from 5267 , tgt min. 5186 sir ?

shailendra gupta said...

any view on jp associates on short side

Amol Sharma said...

sir said ..............................

If Nifty needs to reverse, it should be around the channel support...5190 approx.

Sujatha said...

shriram-ji - v r far away from "Mr. Mayan" that's the yearly no. and the worry s i am not interested to break 5194 (but who am i to interest market has to decide) if breaks straightly v will land there :( hence i would like to see upside only

Kumar Technicals said...

Dear ILango Sir!

Thank you very much for clearing my doubts.

nifty rider said...

i dont know y, i m not convinced by bears strength.still hoping tat bulls will come back.for me its d wave if nifty doesnt breach 5190.

shivanGupta said...

beyond which point we should get alert that our count of 5 waves down from 5349 is wrong.

satheesh said...


you are a very capable person in changing coats - I do not believe you can cry for this reason :)I am sure you would have an alternate plan for shorts too!!!

Ilango said...

@ shriram,

We have also labelled a bearish zigzag with:

a: 5349 to 5218(131)
b: 5218 to 5267(irregular with 5317)
c: 5267 to underway...(0.618 of a=5186 min. target)

nifty rider said...

D wave in daily chart

J.R.Julius said...

MACD Supporting..
TL Broken - L3 BUY triggered.

Sujatha said...

common bulls, common with full strength today s our "blog's anniversary" let us celebrate :JNSAR shhhhhhhhh don't tell anybody

Ilango said...

@ shivanGupta ,

I would say 5186. Below which it could be the double zigzag's next target around 5136.

Presently, the 5-wave form is complete by makuing a low lower than 5217.

shriram said...

tks ilango ji,

or alternatively the "b" may jus do an Xpanded FLAT Up to 5263-73-90 first , before the "C" decline !

Ilango said...

Not yet trading "firmly above 5237"

Ilango said...

@ shriram,

Yes..these are all the possibilities within the "b" wave of this decline.

We experience the uncertainties in these sub-waves.

When they are clear with lesser possibilities, confidence returns.

Sujatha said...

Satheesh - no "alternative shorting plan" instead "alternative bullish plan" WW. by the way Sir too big bear today is the worry for me. i am the small lonely bull:(:( ofcourse "holding becoz of ulta pulta calculation becoz of TT" mm.. i will get down once "my No. comes" no if or but may GOD bless me..

bharat said...

Sujatha ji....

What should be SL for longs....

Thanks n regards

skmishra said...

good afternoon all! This is a wonderful journey, thank you Ilangoji for JN.
btw 4th wave mostly breaks trendline to confuse. So a probability that 5th up is due..?!

Smita said...

Respected Ilango sir ,

Accept my heartiest wishes on 4th Anniversary of JN . Whatever .1 % I have started understanding trend by following hourly and day Hi lo ema , is only because of you and JN. I have been blessed to have met certain ppl apart from my family , who have guided me in so well and in a better way like a family member will . You have been doing that thru your blog for sooo many of us , you are making us not only a better trader but a better person as well.How to keep a calm and relax attitude while trading and in real life which makes all the difference .
Sir words are not enough to express my appreciation of you and your blog JN.

Three cheers for you , all the seniors ,all the readers and all the contibutors of this blog .
My heartiest thanks to you for making it possible .I have developed enough confidence and positiveness about me staying here with you all .

Sujatha ji , I remember you disscussing how our parents don't visit and give us only a week in a year or two .Now that I am on complete bed rest because of slip disk of lower back and some nerves problem below waist , I have been granted more than 3 weeks of their time :-D.

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