Friday, July 13, 2012

Nifty Intraday Update-III


62 comments:

DKG said...

DKG said...

@ Stock4Sure,

Itna confidence ??
July 13, 2012 2:04 PM

Ilango said...

If "5195-5200" holds after break of 5218, the 5-wave down comes into contention again.

Suresh Nifty said...

@Julius ,,I too initiated CAM trade in the morning ,,,,because JNSAR down,,,@H3,

J.R.Julius said...

@Mr.Suresh Nifty,
Congrats.. Cool Approach...

DKG said...

Ilango said...

If targets don't come, break of 5243 & 5230 may be used to sell.
July 13, 2012 1:34 PM

shriram said...

--> back

if 5115-5220 holds here, can see a pop back up to 5268

SJkolkata said...

yesterday NF high 5279.95 today 5276.90
yesterday NF low 5228.65 today 5228.80

Pankaj said...

No guys, its not breaking 5215 for now, it does not seem to be the case. It will thpough eventually.

Ilango said...

@ SJkolkata,

A "Flat" correction has such a possibility for yet another attempt to 5275+.

Which is what Shriram has voiced.

SAM said...

any body know what all result we have lined up ... please

sandeep said...

julius sir n master thanx

shivanGupta said...

sir is there any way of confirming that @5217 we have finished 3rd of Vth or completed b of b .

Vipul Rastogi said...

@Julius Sir - Is L3 non trad able now?

Sujatha said...

sir,

only 275+++?? :( again caught at my no. 215 wat is EW 194 no.??? it's hardly protecting. if this protects then itching of one goodddddddd upmove first. now wat is the "macro"'s position to enable me to decide. thanks n advance.

Pankaj said...

@Shriram,
Thats not possible now. Market has limited time left to complete its retracement towards 5112 or 5175

shriram said...

Dear Pankaj, once 5268 is done we can still do -130 pts to complete ur tgt @ 5140-5175 zone,

araam se dekho :-)

Sanket Mody said...

I think TCS may hold the key to Nifty retracing back its downfall

POWERTRADE said...

Should we take shorts home ? ?

Pankaj said...

@Powertrade, no way, hold it. As they cut your losses and let your profits run!

@Shriram, thx!

bizagra said...

Ilango sir..wht is the position of Daily Lead indicator...will it break trendline today??thx

Pankaj said...

I meant as they say ( missed the say word).

shriram said...

ofcourse everything hinges around this 5115 zone...

POWERTRADE said...

@Pankaj

Thanks a lot

SJkolkata said...

What a surprise. PT asking abt shorts....

Ilango said...

@ Sujatha ,

Your best bet presently is that

by breaking yesterday's low of 5218, it could be considered as a 5-waves completed @ 5217 today which could produce a retracing rally of 38% to 50% of the fall.

One worrying factor for bulls is Day trend turning down only yesterday with a follow up action confirming today along with Week momentum losing with a close below 5271.

Ilango said...

@ bizagra,

It did it even with that 11.00AM close of 5259.

CDG said...
This comment has been removed by the author.
Ilango said...

3.00PM TT & Chart Updated.

Ilango said...

Hold-5225, you have the bounce possibility.

nifty rider said...

bears have to break 5191 in nf to change the trend.this may b D.

shivanGupta said...
This comment has been removed by the author.
shivanGupta said...

sir can you plz tell the internals of 5th wave finishing at 5217 because according to me we finished 3rd of Vth at 5217

shriram said...

Ilango ji,

my last friday's Q still awaits ur clarification..

In today's case, if price trades > 5DLoEMA , but 5DEMA is DOWN, is this an Hr T/f correction ?

If yes, wot would be the T/f of the corrective from a case where price trades > 5hrLoEMA ??

Sujatha said...

sir

thank u. arrived figure of 36 or 47 @ close is it good to carry "aggressive long". little(??!!) adament in my long becoz of 194..need ur guidance. ofcourse got it @ 5225

rahul khurana said...

I positional long advisable , becuase it seems Dow will be +ve today after 6 consecutive loss sessions amd we may see gap up on monday ?

Seniors pls confirm

Rajan Malhotra said...

Good Afternoon Ilango ji

Nilesh Patil said...

@Sis,
Banknifty Jnsar is yet to trigar sell.

Rajan Malhotra said...

Dear Ilango ji
Is it reversal of uptrend or it is a short term downtrend resulting in correction.
Thanks in advance and regards

rahul khurana said...

ahelp pls :) koi to batao ki long hold kiya jaaye kya only 7 min remaing

DKG said...

No Long please.

durga said...

master, if wk EMA is protected,can we say though wkly momementum is lost ,still wk trend is up? thank you.

DKG said...

Nifty is Closing below HLEMA, DLEMA & WEMA. So no long carry please.

Sujatha said...

Nilesh-ji - thanks :) 194 is like "high potential medicine" as per me...let me see whether i am failing or winning am with call not nifty = loss is limited + risk reward favour. it's like my 343 no. not initiating shorts at lowerr level

Prince said...

@Rahul -JNSAR is 5287 if you trade as per jnsar there is no reason to take or hold longs......

Ilango said...

@ shriram,

If the downtrending market closes above DLEma, it could only mean that one T/F lower is having the counter trend move (Hour).

Above 5 Hr LEma, it could be any one of the lower T/F-30min, 15min or 5 min. Since I don't track them fully, I can't pin point it.

Praveen Kumar said...

DEAR SIR,,Is it bearish engulfing for day?

shriram said...
This comment has been removed by the author.
Ilango said...

@ shivanGupta,

As long as 5242 is not breached, your label is correct.

Dwelling too much into minor correction, you will miss the "Forest for the trees".

Ilango said...

@ @ shriram,

Till 5DEma turns up, it could be treated as Hour T/F corrective.

shriram said...

tks sir,

my doubt was: since breach of 5DHiEMA @ top or 5DLoEMA from bottom is an hr T/f corrective,

shudnt we wait for 5DEMA to TURN to enter a fresh SAR swing trade?

Sujatha said...

"Forest for the trees". - huh.. sir seeing both the B& B sides now.. donno whether bears r gng to get honey.. or bulls r gng to get "good green grass".

OMG - dow-aye namah..may GOD BLESS DOW today and let DOW give friday's knock out punch on "bears"

PS : If gap down opens with MID BB level me govinda govindaaaaaaa

shriram said...

then is it a Hi probability option to short/ long on breach of D hi / Lo EMA ??

Or shud we wait for direction to be shown by 5DEMA before bringing on the howritzers on the war front ?? :-)

Anil said...

@Sujatha

:)

Brokers day....

Sethu said...

5217. I dont know what is the plan of bulls . BN is unrelenting.

Sethu said...

I might be missing the Wood for Trees.

Sethu said...

Ilangoji,

[13:44:35] N Ram: sold first lot of minifty 5267NF with sl 5300NF
[13:46:29] N Ram: i will add lots when i get more confirmation
[13:47:21] N Ram: BN can play spoilsport as it is holding up Nifty and not showing any weakness
[13:57:18] N Ram: watch for BN 10640 fall will be swift if it does not hold

[13:59:43] N Ram: 5217 need to break for more downside

This is what I said in SKYPE. All views given well before events happened.

I said about 5217 yesterday.

raman perumal said...

@ sethu sir


I am also from chennai, your blog has no posts or i don't know how to have touch with u. Please guide

P.Raman

Sethu said...

@ raman

Click on Sethu you will get my e-mail

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