Friday, July 20, 2012

Nifty Intraday Update-I


54 comments:

Prabakar said...

NIFTY OPTIDX Open Interest at 10 -> CLICK HERE

J.R.Julius said...

Break to Failed TL
Made WRB! SELL on Raise
in act. Below 5215 Spot.
Didn't expect Really!

Ilango said...

NR4/NR7 followers would have sold @ the break of 5233.

ORB traders would have sold @ the break of 5224.

Now reached 5203-61.8% of the 5169 to 5258 rise.

Prabakar said...

As of now 8.36(21.92%) , 8.96(10.00%), 6.12(6.53%) lacs of OI Addition @ 5200,5300, 5400 call respectively with price deduction.

J.R.Julius said...

NIFTY SPOT
From Yesterday New LH to Today Low
Valid Retracements 5231-5224-5218
Breaking Day Low 5197 may Leads to
Downside Projections 5183-5164-5144

J.R.Julius said...

MACD in 30 Minutes & Daily supports SELL.

bizagra said...

Ilango sir..we r still in rangebound mode..is the conservative mode?? 5210-20=5190 ..is conservative sell area???or on bounce??

J.R.Julius said...

Nifty Futures TL RES 5226.

anmpatel said...

@master
BN break channel support 10550. now what will next support to part book. thanks.

NITIN KADAM said...

Supports & Resistances for today:-

5195-5165 – Support Area

5232-5261 – Resistance area.

Current -Trend: - Down.

Strategy:-

Sell On rise ( 5213-5230 )
Below 5190-5195 bears will take control.

Buying opportunity only if firmly crossing 5232 , closing above 5262 is important for bulls.

Possible Movements:-
1. 5233< = >5212< = > 5195< = > 5232< = > 5162< = > 5123.

2. 5233< = >5212< = > 5195< = > 5232< = > 5262< = > 5303

Happy disciplined trading to all.

Have a nice day!

Ilango said...

@ bizagra,

If you summarise the Technical status from the TT.

Month continues to be in Sell on rises and would turn down below a close of 5173 on 31st July.

Month has been in uptrend from 4770. And the Month lead indicator is presently "indecisive" at midpoint.

Weekly too is on "sell on rises" with its lead indicator having turned down last week with a price confirmation awaited with a close below "5209" today. Failure to close below 5209 would give bulls few more days to attempt 5280 or 5310 or more.

Daily reversed from 5169 and the correction has paused around 61.8% retracement. Attempts to move higher is affected by overbought Hour TA.

In sum, Bears seem to be gaining upperhand, OI table too supporting such a view.

Nevertheless, we should continue to manage our trades with a small SL of 20 approx.

anmpatel said...

@master
BN break channel support 10550. now what will next support to part book. thanks.

Sujatha said...

GM sir and friends :)

OM..267/217- aye namah!!!!

Shriram ji - thanks for ur views. anyway this time 5188 breakes will get my "mayan" is my .....
thinking.

Ilango said...

To understand this decreasing spreads and frequent narrow ranges, look at the bigger picture:

Nifty fell from 6339 to 4531 in 14 months.

"Corrective rise" started from 4531.

A:It moved up from 4531 to 5630 in just 3 months.
B.It moved down from 5630 to 4770 in 4 months.
C.It moved up from 4770 to 5349 in 6 weeks and the termination of this uptrend would be confirmed today.

There is a narrowing of rise/ fall/ rise suggesting either a complex corrective rise continuing or corrective rise may have got terminated either @ 5630 or @ 5349(as truncated "C")...

anmpatel said...

@master
what is todays channel support for nifty? thanks.

Ilango said...

@ anmpatel,

I'm not tracking BN intra.

Break down point has been suggested. The sell needs more confirmation by EOD, especially week TA, such as a close below WHEma(10562) to start with......as WEma is quite far away @ 10358.

10455-485 is the cluster support, breaking the same is required for more weakness.

Sanjay Jaiswal said...

Dear Ilango Sir & Blogmates,

OI Table Update at 11:00 AM

Thanks & Regards

Sujatha said...

Sir - thank u for the bigger picture. in short term 5127 38.2% retracement is reasonable for this expiry?? as per ur saying "who's n pain will get more pain". just a wild guess is that "dow showing it's colgate teeth daily since 3 days" if today is "knock out punch' means monday all has to close their mouth. patiencee and patienceee only is the way :( 3 week swing low is 5095

Ilango said...

@ Sanjay Jaiswal ,

OI table has suddenly turned "Totally bearish" with

so much of Calls writing

and

a lot of Puts unwinding...

Anil said...

@sujatha

hi,
seeing expiry in a bigger range of 5160-5270,
more of tilt towards 5160 zone..donno but this is what i am reading into...

Ilango said...

@ Sujatha,

Presently one should look out for the retracement of 4770 to 5349 @


38%:5,129 & 50.0%:5,060

Dinesh Rishi said...

Parimal said...
NF 200DMA 5200
=============

my chart showing 5111 :(

Nilesh Patil said...

@Sujatha Sis,
What is you mayan says

nifty rider said...

bulls safe as long as 5175 not breached by nf

SJkolkata said...

Relinfra surprisingly rose by 15rs from its low.
Regards

SAM said...

volume will be lowest on nifty weekly chart this week.... some thing is pakka cooking

Nilesh Patil said...

@DR sir,
Request you to through some light on weekly banknifty upper trendline from 13301-11203

SAM said...

Dear master can we consider this as INverted HNS formation...

http://4.bp.blogspot.com/-rVAz99-6kWU/UAj0QdAAcII/AAAAAAAAFZc/lFy08fJ8BAY/s320/bakedChart.png

Volume will is continually falling o right shoulder formation... please

SAM said...

Its a weekly chart ... Master your input will be of great help

Kranti said...

Dear Ilango.. Have you thought about writing a book like Zen and the art of trading? Think no one has authority to write a book like that except you..


For people who are interested in ZEN ..This is famous ZEN story.. Ilango is like that master.. Cool.. Living in the present ' market ' moment

" While Tokai was a visitor at a certain temple, a
fire started under the kitchen floor.
A monk rushed into Tokai's bedroom,
shouting: 'A fire, master, a fire!'

'Oh?' said Tokai, sitting up. 'Where?'

'Where?' exclaimed the monk. 'Why, under the
kitchen floor – get up at once.'

'The kitchen, eh?' said the master drowsily.
'Well, tell you what, when it reaches the
passageway, come back and let me know."

Dinesh Rishi said...
This comment has been removed by the author.
Sujatha said...

Sir - thank u very much.

Nilesh-ji - situation like "cockroach" crawling on the body :P NRB taken out then 267 nd harami gap filled possibility @ 5300. or else i am with sir's 38% retracement even to low from that. this NRB may invite today "evening star"??? but as usual playing with 188/ 217/267 which s valid for this month end.

jeetu said...

is market good source on income if some one sincerly play market only.had anyone made cosistent money,if yes let me know what courses to do i m sincere hard worker

chetas said...

@ krantu!

In this story we know who is Tokai, but who is the monk ? any guess ( worried about kitchen !!! :))

satheesh said...

Nifty Week Chart:
Click Here

Nifty Day Chart:
Click Here

Kranti said...

Its Me Chetas.. No prize for guessing.. Running here and there ..seeing fire in every trade

SAM said...

@ jeetu

If you want to go for certification CMT is very good certificatio course for technical analysis .. i am appearing for level 2 ... if you want more info on this please go to www.mta.org

Kranti said...

Jeetu.. Courses? The author of this blog and his Wisdom is enough as living proof..To me it seems If one catches up with Ilango & his dicipline before loosing capital then i feel its a smooth journey.. I am saything this to you after observing and learning from ilango for good time..Its JUST beginning to show in my trading itself..

Ilango said...

@ SAM,

Inverted H&S shouldn't move much below 5100 for it to be effective.

Only the timing is looking wrong. Nevertheless, one should keep that option open.

puravi said...

@ illango Sir,

Is a fast fall setup valid for 21Hr& 34Hr Ema?
Thank you

SAM said...

@ master... thanks for you input... ya i second your opinion....

Once again thanks for input...

Parimal said...

Dear DR
i have rechecked my chart
200DMA of NF is 5200

Anil said...

@DR

In my charts its at 5097 on yesterdays closing...
oops...

jeetu said...

Dear Sam ad Kranti thank for ur valuable time,i feel i m very small man cant talk to people who r god of this field .

Kranti said...

Jeetu..Please dont think like that..I posted that message because i didnt want you to miss the simple fact of Ilango and his trading style is right infront of our eyes.. even i am a small trader trading in mini nifty ( started big enough to reach here due to complete lack of knowledge and dicipline ).. Please take time to be patient to observe Ilango.. I have an excel sheet which i use to capture his trading wisdoms..if you want i will mail you.. Its very helpful

sometimesbullsometimesbear said...

Dear Parimal Dinoo is correct. Pls recheck.

puravi said...

@ Dr ji
As of now 5106.78--200DMA

jeetu said...

i will b obliged if u send that excel at deepumishra2001@yahoo.com. thanks

durga said...

dear JEETU,do not depend much on markets for income.it is not a source at all.it is VIRTUAL MONEY.a person of average skills makes a decent living in the world out side but not here.here you need discipline which is the HARD thing to learn.
you may have to pay tuition fees to market.
so when you have some money to loose and learn,
then you enter this arena.till that time read re read the blog content,as though you are making a PHD.ALL THE BEST.

jeetu said...

thanks durga for ur sugession,i hv paid lot of course fee to market since 2009.once u quit market it means u hv lost all invested money. atleast today there is hope of getting it back

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