Thursday, July 5, 2012

Nifty Intraday Update-II


49 comments:

shriram said...

Beautiful Cup n handles in Hindalco & JK tyre :-)

Ilango said...

Why do traders fail?

Most mistake the correction during uptrend as "Downtrend" as well as the correction during downtrend as "uptrend" and they have no guidelines to identify a trend.

We have chosen certain numbers in the TT for such a purpose as "Trend" & "Momentum".

Fire said...

Master & friends,

Good wishes from friends anytime is so precious that time or date doesn't matter.

I bow overwhelmed by all your love & respect. Accept my gratitude.

Special thanks to Master for remembering his undeserving student.

Happy Birthday Prakash. Wish you many happy returns of this day...

N.Dhanabaleeswaran said...

Technical analyst sudharsan sukani disclosure:

Long on nifty..

STOCK4SURE said...

bearish WW developing in nifty and bank nifty intraday charts
time to be cautious with longs

anmpatel said...

HV trade at 5298 and 5307 during nifty dips.....lets see.

anmpatel said...

@S4S
murde me jaan aai hai....thoda jine do yaar....!!!

Prabakar said...

Developing NS Intraday supports - 1min-> 5304 5min-> 5297 15min-> 5280

cooldent said...

Revision

http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:chart_patterns:ascending_triangle_c

Prabakar said...

35hr Stoch is comfortably sleeping above 80 mark for the 5th day today. previously it slept abv 80 for 7 days during Jan-Feb 2012. Staying above 80 signifies the strength....

Hari_Hyderabad said...

@ Cooldent sir

Thanks for the link

prakashbkc said...

Fire sir ,

Great response with humble.

cooldent said...

Hari sir

Tauba tauba

mein tho ek chota bacha hun

Ilango said...

Since the breakout @ 5190, Nifty hour lows have always been below 5300.

Current hour low is 5303.30 & if holds, it is a right place to start its next upmove.

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

Sir - goodnoon

Today opening high is the same or opening low is the same??? tks n advance.

J.R.Julius said...

NIFTYSPOT
for the Range 5273(1)-5307(2)-5289(3)
Upside Projections 5316 and 5328.
80% retrace Point is 5280.
Downside Projections 5264 and 5252.

parminder said...

Sujatha ji,
nothing is same today

Nilesh Patil said...

2nd attempt by Banknifty to go above MHEMA

J.R.Julius said...

@Sujatha Sister,
Good Afternoon.
Have a Nice Day.

Ilango said...

@ Sujatha ,

Today Open, High, Low are all different.

However, Open & low were quite closer @ 5290.

Ilango said...

1.00PM TT & Chart Update done.

Sanjay Jaiswal said...

Dear Ilango Sir & Blogmates,

OI Update at 1:00 PM

Thanks & Regards

STOCK4SURE said...

till now BN was lagging NIFTY in % gains
now leading

STOCK4SURE said...

pt 5 of bearish WW in nifty not yet formed..ns may move uptill 5317-23 range near 1.45pm as per symmetry b/w pts 1-3-5

bank nifty has formed pt 5

Sujatha said...

thank u sir and all

bye

Sujatha said...

OOps one more doubt Is monthly RSI and williams % R also high????

discipline focus said...

@Ilango,
Master the volumes have been unusually very low today (NF:3906900)less than 40 lkhs...while nifty is in a tight range of 20 points. Though trying to inch upwards with low conviction...does it suggest anything?
regards
discipline

Ilango said...

@ discipline focus ,

During consolidation stage(Corrections), volumes tend to be low and they reach the lowest just prior to the break-out.

If it breaks down with volume, treat the consolidation as "Distribution".

Study of volumes within the range in more details would reveal whether it is consolidation or distribution.

STOCK4SURE said...

5303 is supp now
line joining days lows

SJkolkata said...

Can any1 suggest what is the invalidation point for the bearish flag of tatamotors

regards and thanks

Kumar Technicals said...

Good Afternoon ILango sir & everyone!

Happy Birthday to you dear Prakash, God bless you:)

Dear All!

If Nifty closes below 5300 EOD then caution time, if sustain below 5280 in day time then coat changing time or at least profit booking needed on longs. Till 5300 no threat to bulls:)

venkatapathy l said...

How to find the current value of Nifty from the NSE site? The new NSE site appears to be user unfriendly. I am not able to access the old site.

Anyone please.

LV

Ilango said...

@ SJkolkata,

An hour close above 34 Hr sma(or 68 half hour sma)@ 239.00 or reversal above 241.20, the last peak.

Trade the stocks outperforming the index & in the direction of the major trend.

cooldent said...

Sir according to breakout of ascending traingle target will be almost 100 points?

DKG said...

Ready for big upmoves...

STOCK4SURE said...

pt 5 formed in intraday ns charts of bearish WW
trgts below 5290

Anil said...

@LV

http://www.nseindia.com/live_market/dynaContent/live_watch/live_index_watch.htm
prev version also working...

http://www.nseindia.com/index.htm

discipline focus said...

@Ilango,
First you teach the theory ..and then practicals happens in lab (markets) for clarity of concepts......brings me back to science classes in high school. Rather than a sports, arts......trading is turning out to be a quantitative science with you....needless to say some experiments conducted give desired result ...when formulas for analysis, dedication, patience, emotions are applied right by your students...

indebted sir
discipline

SJkolkata said...

Thank you Ilango Sir,

Got your point.

Parimal said...

Sudden huge rise in volume
Mynac has bunked today seems
anybody to highlight please

gauresh59 said...

@ Fire,

Many many happy returns of the day.......

Sorry for the belated wishes.....

venkatapathy l said...

@ Anil

Thanks a lot.

LV

Prabakar said...

NF 1min support @ 5327...

Ilango said...

@ cooldent ,

Ascending triangle depth=51(5317-5266=51)
Break-out point=5310.

Target=5310+51=5361.(Provided 5304 is held)

Ilango said...

New Post Done.

sandeep said...

Why do traders fail?

Most mistake the correction during uptrend as "Downtrend" as well as the correction during downtrend as "uptrend" and they have no guidelines to identify a trend.

We have chosen certain numbers in the TT for such a purpose as "Trend" & "Momentum". sir this mool mantar if every body understands this it is best. good we at jn.
master has made it look simple sir fauji ka salute

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