Tuesday, July 31, 2012

Nifty Intraday Update-I


77 comments:

Ilango said...

Nifty got resisted at "5213-18" zone.

Taken the first support @ 5190.

Break of 5190 could take it to 5173.

Below 5160....is weak.

Above 5213-18...is strength.

Sujatha said...

Prakash-pol - :) ம் ம் என்ன தின்னுச்சோ ரொம்ப ஆட்டம் வராரு வராரு ஆட்டகாரர் வராரு எருது அட்க்கன்னு நினைக்கிறேன்

Prabakar - :):) that's nice ஒரு பிளேட்டு புட்டு தின்னாச்சு

Julius ji -pls. sorry i donno deep meaning. can u post it??? tks

puravi said...

Thank you Sir!!!

Prakash-Pol said...

Crystal clear nos from Master.
We have to trade accordingly.

bharat said...

During last RBI meet nifty was at same juncture from where it fell...all eyes on subbu :))

J.R.Julius said...

NS TF/30min Swing 5097 to 5207.
Retracements : 5165-5152-5139
breaking the swing range may lead
Down : 5068-5030 / Up : 5236-5274.

Prakash-Pol said...

சுஜாதா அம்மா
ஒரு Plate புட்டு சாப்பிட்டீங்க ok
டென்ஷன்ல plate -ஐ புட்டு சாப்பிட்டுடாதீங்க

J.R.Julius said...

@Sujatha,
குறள் 490
கொக்கொக்க கூம்பும் பருவத்து மற்றதன்
குத்தொக்க சீர்த்த இடத்து

விளக்கம்:
காலம் கைகூடும் வரையில் கொக்குபோல் பொறுமையாகக் காத்திருக்கவேண்டும் காலம் வாய்ப்பாகக் கிடைத்ததும் அது குறி தவறாமல் குத்துவது போல் செய்து முடிக்க வேண்டும்

Atharva said...

Aggressive traders can initiate short @ 5193 with ISL 5213 rest can open @ bar closed @ 10.30 < 5193

NEVER GIVE UP said...

from 5218 to 5189 nifty has completed five waves on 2 min. chart.

Dinesh Rishi said...

J.R.Julius said...

Description:
Achieved by taking the time to wait patiently for the opportunity to get kokkupe regularly refers to it as if you have to punch

courtesy :http://translate.google.com/

Atharva said...

SBIN short triggered @ 10.00 whn bar closed below 2018 ISL 2038..

Prabakar said...

Dear all,

Apologize for not able to update the OI, as the power went down for my street alone.

sorry for the inconvenience caused.

typing from my friend's system...

navtash said...

Gm Ilango sir,

What is the SAR for today ?

Thanks

Prakash-Pol said...

As of now low-5187.85

J.R.Julius said...

@Master DR sir,

Tirukkuṛaḷ (Tamil: திருக்குறள் also known as the Kural), sometimes spelt 'Thirukkural, is a classic of couplets or Kurals (1330 rhyming Tamil couplets) or aphorisms.


Couplet 490
As heron stands with folded wing, so wait in waiting hour; As heron snaps its prey, when fortune smiles, put forth your power

Explanation
At the time when one should use self-control, let him restrain himself like a heron; and, let him like it, strike, when there is a favourable opportunity

Transliteration
Kokkokka Koompum Paruvaththu Matradhan
Kuththokka Seerththa Itaththu

shriram said...

Morning everyone!

Dear Suja: Complete the shloka, else shani bhagwan will get angry :-)

"chaaya mrtanda sambhootam, tam namami shanaisharam"

Trade is along 5DEMA since ysday, if subbu supports , then only Dosas will be served next few sessions ;-)

Dinesh Rishi said...

Dear J.R.Julius

I have a trading plan for today

but very difficult to sit ideal in front of screen

:D

Thrice controlled myself
was about to place orders
against my plan
(trading itch, or greed of missing trading opportunity makes us act against our plan) :D

Ilango said...

5218 to 5190 is followed by an "irregular correction".

Irregular correction is bearish. SL for this is 5202. Confirmation on breaking 5188.

The above is intraday based on 2-min chart T/F.

satheesh said...
This comment has been removed by the author.
bizagra said...

Dr sir...even i m having a trade plan...no trading today..:)..only short if JNSAR hit..exited longs yesterday.

J.R.Julius said...

@Master DR sir,
I agree sir almost everyone has this itch.
:D me too searching itch guard...

Amol Sharma said...

TRADING Itch extremely bad

Dinesh Rishi said...

bizagra

Why dis Kollavari with long?

Ilango said...

"5173" is holding.

Above 5197, strength returns.

Below 5173 only weakness.

Sujatha said...

thank u all for the translation :)

For Sri Raghavendra Swamy devotees -

Coming 3,4,5 th is Aradhana. May Swamiji bless you all

Pankaj said...

At what time is the RBI policy announcement? Thx!

NEVER GIVE UP said...

great sirrrrrrrrrrrrrrrrrr.

Ilango said...

@ Pankaj,

Announcement came even before 11.00AM.

SLR cut is viewed favourable for liquidity.

NEVER GIVE UP said...

sorry sir tiping mistake.

Parimal said...

11:02 AM - Credit Policy: RBI keeps key rates unchanged, cuts SLR to 23% from 24% earlier, reports ET Now.

Pankaj said...

Thanks a lot Ilango sir! No tv in the office, so... :)

DKG said...

@ Pankaj,

Live internet tv.

http://hindi.moneycontrol.com/tv/

CDG said...

If SLR cut is favourable for liquidity, why Nifty is not accepting it and move to green area rather than keeping in RED....

bizagra said...

Dr sir....apnae to address diya nahie...khud petha kha kha kar krip jod raha hoon...:)

Parimal said...

SLR cut is okay for liquidity. but market and industry expect rate cut. keeping the high lending rate has not served stemming inflation. unless centre seriously does some disinvestment etc. and stop social spending, market cannot cheer
Subbu's hands are tied. poor Subbu

Ilango said...

@ CDG,

IT is not a CRR cut which would have given a good upmove.

SLR is its poor cousin....it has reduced the down impact of "No interest rate cut"....which means "confusion". Now all eyes would be on the global scene where European and American bank's rate cuts/ policy announcements for further cues.

Prince said...

23 lac buyers and 8 lac sellers in nifty still its going down...............lolz

sandeep bhoite said...

@ CDG

I look this at favorable for gold more ( COMMODITY) , if you notice there is small breakout now for gold & silver after consolidation in hrly chart & before that consolidation there was some upside signing some information being reflect before news ,, lets watch TITAN in equity

Parimal said...

11:09 AM - Credit Policy: RBI raises FY13 inflation forecast to 7% vs 6.5%, cuts FY13 GDP growth forecast to 6.5% vs 7.3%, reports ET Now.

CDG said...

Thanks Ilango....

NEVER GIVE UP said...

sir said

Nifty got resisted at "5213-18" zone.

Taken the first support @ 5190.

Break of 5190 could take it to 5173.

Below 5160....is weak.
it was so clear . sir you are realy great.

Atharva said...

Trade update : SBIN short can be booked @ 1967 exact -50 pts fr PSC 2018 TSL CTC

Ilango said...

"Confusion" gives way to disappointment and prices heading lower.

shriram said...

@ CDG,

SLR cut is a mild attempt to "FREE THE STUCK LIQUID ASSETS" which as per statutory norms are required to be maintianed by Banks (in cash or Gold or bonds)

CaNNot be really as effective as a CRR or rate cut :-(

Now Global cues, ECB, Fed action will determine the fate of bulls!

chetas said...

SLR cut is a permanent in nature, and will benefit banks in long terms, this also means less money to set a side by banks for investing in Government bonds, so may result in less demand for bonds and higher yields. Indirectly telling the inactive govt to act

RBI action is commendable, and unlike helocopter ben, Subbu is acting sensible ! hats off to him

CDG said...

Thanks Sandeep..
Unfortunately i have very little knowldge on commodity...
Regards

Atharva said...

Master JNSAR long where can we initiate rebuy??

Thanking you

chetas said...

this way the Administration is telling the heady politician to act and control the balooning fisc.

Atharva said...

shld it be @pivot or @S1

STOCK4SURE said...

dollar stared to move up again
nifty may face pressure on moving up

shriram said...

@ chetas: well put, excellent words :-)

Subbu is doin the right thing for India !

CDG said...

Dear Ilango,

You have now marked this upmove as "C" (in other words "B" ended at 5033). Now if "C" is a impulse (most probably since "B" marked as corrective) then where can 2 of "C" end for start of 3 of "C".
Regards

Ilango said...

@ Atharva,

Since Nifty is trading below all "HEmas" of all T/F, we need to look out for supports @ HLEma-20pts/DEma..5145-55 zone for a rebuy. Dipping below HLEma is fine but not closing below it for 2 hours.

J.R.Julius said...

Camarilla - Scenario 3
Nifty Futures
L3 5196[BUY]
L4 5176[SELL]

chetas said...

Ya Shriram!

I am really glad that the RBI is not succumbing to market or political pressure. Already out government finances are in mess, and if RBI also gives way like how FED is doing, then structurally we will become weak.


In 2007-2008 Governor YV reddy did a great JOb. Infact he was aware of American problems and had called a secret meeting with media, to explain to them why he is increasing rates. later he was quoted as sayinh " something big will go down" and you know what happened in 2008

It may not be good for intraday traders, but we also have to trade in future na, Imagine if you are a trader in spain, wher u cannot short, can u long spain?

What RBI is doing now we will get the benefits in future when US will go Greece way or further :))

Ilango said...

@ CDG,

The bigger picture is in a state of "fluid"....contracting prices/ multiple scenarios/ TA changing with 50-100 points moves.

Play it light or play by the trend of your chosen T/F giving weightage to one cycle higher T/F.

If you play the day T/F, week is bearish and hence the trade is suspect.

If you play by Hour, Day is "up" but the hour itself is overbought & getting closer to giving a sell...another suspect trade.

These are risky ones.

But when both T/F points in one direction, the trade taken will be rewarding.

Kiran said...

BankNifty going down too fast.

Atharva said...

Master When Can we will have this precision..It has been one year still forgetting basic of TT..Thanking you

Atharva said...

PSC short 1st tgt 5413..once acieved shift TSL to 5193 ..happy trading

Atharva said...

oops tgt 5143****

STOCK4SURE said...

10200 is TL supp of chanell formation in BN 5 day 5 min charts

Anil said...

Bank nifty tested yesterdays bottom...

STOCK4SURE said...

5150 is 200ma in 5min nifty charts which many times give good intraday supp to falling nifty

range matches with masters range of 5145-55

Atharva said...

Trade update : SBIN low till time 1968.....+ taking support @ _level of PSC ..one can book partially at current level

Indiacharts said...

The rise from 5030 appears as a-b-c and completed. The next leg down should have started. todays high almost retraces 61.8% of the previous fall

Ilango said...

5218 to 5188 - a 5-wave was followed by

5188-5202-5174-5206- a 3-wave(irregular), followed by

5206 to 5154 - a 5-wave...........completing a zigzag correction.

If 5160 holds henceforth, it would be bullish.
If not, weakness gets pronounced.

Ilango said...

"Channel traders" would love to watch the hour price chart at 12.00Noon.

Dinesh Rishi said...

Rohit Srivastava ji

what a pleasant surprise

CDG said...

hi ilango,
Can you please post a link on irregular corrections?

Thanks..

shivanGupta said...

sir what is the confirmation point for zig zag being finished

chetas said...

NS takes support at 50ema 5154 ( currently)

Manish said...

Goodafternoon master and all JN frieds

Many of you may not be knowing but I have seen Mr.Rohit Srivastava on Just Nifty for the first time.

Welcome sir.

Great to see you here.

This is a party time.

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