Thursday, July 19, 2012

Nifty Intraday Update-I


Sujatha said...

saptha - ha ha ha :) :) to understand the mkt better v hv 2 "give fees on our own" no other option to learn Mr. market or else go to top right of this blog and read :D

Prabakar said...

NIFTY OPTIDX Open Interest at 10 -> CLICK HERE

cooldent said...


Master said

Ilango said...
@ shriram,

ED is still valid as the supporting line for the current hour is @ 5168.

It's also possible for a false break down and a reversal. These are aggressive views.

The conservative one is to attempt longs above either 5196 or 5226.
July 18, 2012 11:15 AM

J.R.Julius said...

For Intraday Bulls

Ilango said...

Ilango said...
@ CDG,

Falling wedge's resistance line is @ 5209 & falling every hour by few points.

Falling wedge's support line is @ 5170 and falling by few points every hour.

Break of these lines in a decisive manner would lead to impulsive moves either Up or Down.
July 18, 2012 9:39 AM
Ilango said...
@ 5173, it is "almost"(5170) at the "Falling wedge's support line"
July 18, 2012 10:54 AM
Ilango said...
@ shriram,

ED is still valid as the supporting line for the current hour is @ 5168.

It's also possible for a false break down and a reversal. These are aggressive views.

The conservative one is to attempt longs above either 5196 or 5226.
July 18, 2012 11:15 AM
Ilango said...
@ puravi ,

5300 is still a 100 points away. Nifty could reach 5300 and still the 5300PE writers could pocket the full premium.

What we are observing now is that "Falling wedge's support line" as well as "Daily channel's support line" have held @ 5169. If Nifty closes above DLEma, it is a confirmation of bulls gaining in the ST.

Look at the retracements of 5349 to 5169:

38% @ 5237
50% @ 5259

And weekly pivot @ 5264.

In the meanwhile, this immediate rise should hold the retracements of 5169 to 5201:

50% @ 5185
61.8% @ 5181.
July 18, 2012 1:29 PM
Ilango said...
@ CDG,

Yesterday's 5DEma is to be taken for today too till "Closing hour" when it will change.

5170, identified as "Falling wedge", along with MEma-5173 was for aggressive traders.

5190-96, the rising wedge's break-out point and DLEma, was for conservative traders.

Now to look for strength
-21 hr sma @ 5208 has been scaled;
-34 hr sma & 5DEma are poised @ 5224-26
- & 5197 DLEma must hold in the mean time.
July 18, 2012 2:21 PM
Ilango said...
@ puravi,

I'm following the market.

It has stopped at 5169 @ daily channel bottom.

Has exhibited the initial strength with closes above 21 hr sma & DLEma and even HHEma.

The other confirmations would follow. One won't get all conf. in a day.

In the meanwhile, I'll also watch for any weaknesses or the negtation of exhibited strength.

I can't see farther than that presently.
July 18, 2012 3:23 PM

If that was not helpful, it could only mean that you haven't studied technical analysis well enough.

Time to brush up the basics.

Prabakar said...

NF intraday First support @ 5254 and cluster of support @ 5240-47.

PK said...

@Prakash - Thanks for reply. since it is gap up opening when one should take a long position as per JNSAR. usually i use HJNSAR values to exit my long/short position.i exited my shorts when HJNSAR turned Green near 5200. i m unbale manage my entries when opening is gap up/down and very close to JNSAR value. pl guide.



J.R.Julius said...

5263+ in Futures not in Spot.

J.R.Julius said...

How many of you believe GAP Fill?
How many of you believe Breakout Day High?

I expect 20 to 30 pts down from day high
then reverse to breakout day high!

Nilesh Patil said...

@Julius sir,
5263 is Weekly H3 in spot

Sujatha said...

Julius - ji - agree with you.. but it may cheat us to below 5200 is thinking ..but the way NF close is showing different colour of picture that is ++ve ness let us see currently it may go to 36/30 and back if at all the trend is up

J.R.Julius said...

@Mr.Nilesh Patel,
Yes. :)

puravi said...

@ Illango Sir,

Good Morning!!!
part booked at Fibo...Sir should we take 5235 or 5251 as JNSAR...please guide so that SL can be managed accordingly

Thank you very much

sandeep said...

julius sir we follow

Anand Vishwakarma said...

Good Morning Friends..
After a gap-up start, market is likely to trade positive. Said in Nifty Futures Outlook

anmpatel said...

ORB broken on downside!! or gathering strength to jump.....up.....side.

Ilango said...

@ Puravi and to all the readers,

JustNifty follows a combination of studies to follow Nifty.

And these are available to all under the labels section in "Technical analysis".

When various studies suggest overwhelmingly for a particular reversal, one should do what the studies suggest and never as per your "opinions".

If you do not wish to break your head with these studies but to follow only JNSAR, do it mechanically and don't get distracted.

Since the gap up was certain, I made J10SAR as SAR for the day @ 5235.

Nifty gapped up at the resistances mentioned 5255-65 as well as the "5258-66-73" zone.

It has taken support @ 5241(20th JNSAR) presently.

Corrections upto 5223-35 is tolerable.

Manage your trades based on your entry point.

amber said...

Good morning I LANGO SIR JI

CDG said...

AT present we are just below the JNSAR (5251) and DHEMA (5252). WHEMA is also near at 5266. the 5DEMA support is at 5223-5232.
If we manage to cross WHEMA by tomorrow will it be considered as 5th wave impulse of "C" and 4th finished yesterday at 5169-70
If we enter the 5th wave it has a high chance of getting "extended" as per the structure of 3rd. Your views will be highly appreciated on this as always...Regards

Dinesh Rishi said...

Time for Spiritual Coke

puravi said...

Thank you sir,
Sorry Sir don't mean to bother you much...but this mind of mine has many questions:-(

Amol Sharma said...
This comment has been removed by the author.
Hitendra said...

DR SIR - have you reverted your BN position to long?

J.R.Julius said...

If NF Crossed 5260 (TL RES)
Intraday Bulls Safe........

Dinesh Rishi said...


Im still in Nifty

will enter BN after a sell call only

Sanjay Jaiswal said...

Dear Ilango Sir & Blogmates,

OI Table Update at 11:00 AM

Thanks & Regards

Sujatha said...

OK... grind nicely for another 2 hrs.. will join later

shriram said...

Morning everyone,

So we have 5-10HrEMA X-over firmly in place, so hr TA is BULLISH.

Dev. 5 D-EMA is UP , so Dev. DAY TA is BULLISH

Bestum best to trail Dosa cooked ysday with TSL @ 34EMA,30m (@ 5217 currently)

5263 is a Resistance , if eclipsed can show Ns 5308 easy


satheesh said...

Namaste Ilango sir and all,

Nifty Day Chart:
Click Here


good morning sir and all friends.

Dinesh Rishi said...


Chan Kithe Guzari Ayee Rat

parminder said...

Dinesh ji ,
just in peace
for u

J.R.Julius said...

I never expect anything from you
than Sharadha(faith) and Saburi(Patience).
-Shirdi Saibaba

J.R.Julius said...

NF again resisting TL@5259

sanz said...

Afternoon Ilango Sir, seniors & Blogmates...
Sir since NF is not sustaining above 251 JNSAR can we initiate short with a SL of 20-25 points ? just a query n Technical logic... please reply !!!

Shradha Saburi said...

Good Morning all
true sayings even JNSAR wants it.
"The reason is that a man may see straight and clearly and yet become impatient or doubtful when the market takes its time about doing as he figured it must do. That is why so many men in Wall Street, who are not at all in the sucker class, not even in the third grade, nevertheless lose money. The market does not beat them. They beat themselves, because though they have brains they cannot sit tight

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