Wednesday, July 25, 2012

Nifty Intraday Update-III


37 comments:

Prabakar said...

NIFTY OPTIDX Open Interest at 2 (JUL & AUG)-> CLICK HERE

Parimal said...

Dear Sir Ilango
following completion of 5 waves at 5077, this upmove can be a-b-c consolidation.
regards and thanks

Kumar Technicals said...

Good Afternoon ILango Sir & everyone!

We are not impressed by anybody's longs at 5085, JNSAR followers are short above 5200. TT tells everything, check S2 at 5085 & Master guided us timely all the times so we are busy in our business. Pls be happy in ur home, dont try to disturb peaceful atmosphere of our temple.

Dear Jiigs!

Take some tonic & be ready for expiry game. You are our Golden ring master for JN monthly festival:)

shivanGupta said...

sir is every move from 5077 in 3 waves....making this up move a corrective one.

POWERTRADE said...

are new lows possible now plz any body today

Ilango said...

@ shivanGupta,

These smaller waves labeling is flexible.

5126-21 Hr sma....Below this weakness.
5131-80% retrace for 5144 to 5077: Above this larger corrective upmove.

POWERTRADE said...

Thanks a lot Ilango Sir Got it

Prakash-Pol said...

PT Sir
Master clearly said- If not 5131 taken out new low possible today or tomorrow.

puravi said...

5144 is also 50% retrace for the fall from 5348...

Navnnit said...

Hi VaniIlango,
Can you elaborate on position sizing with risk management ?

Thanks in advance !

Navnit

puravi said...

1) As per EW--Hrly & Daily coming together.
2) Daily forming another bullish candle
3) Positive divergence in intra charts
Now price needs to conform...till then following JNSAR...

Lakshmi said...

Dear Ilango Sir

Good Afternoon .In case it crosses 5131, what is the next retracement we have to look for?

Regards

Ilango said...

@ puravi,

I see the price move from 5077 to 5119.75 as a clear 5-waves.

The retracement for the same comes @ 5099 & 5093.

Only if these hold, there will be strength.

POWERTRADE said...

So new lows waiting to cheer

Atharva said...

Good afternoon to All!

Master any suggestion to resell @ hrly HEMa or daily lema

Ashish Agarwal said...

I guess one of the ways a KR would be confirmed is a bullish engulfing today.... lets see if its too much to ask for..

puravi said...

Thank you llango Sir..
Sir is wave watching better in 5min or 2mins?

Ilango said...

@ Atharva,

Most aggressive sell would be @ 5115-5125 with SL.5132.

Ilango said...

@ Lakshmi,

38%-5146; 50%-5168;61.8%-5189

anmpatel said...

@master
3pm update please. thanks.

Atharva said...

Thanking You Master!!

shivanGupta said...

sir if price fail to close above 21 hr sma and DLEMA then also is it advisable to carry long as if move from 5077-5120 is a 5 wave move then a zig zag is developing .

puravi said...

Sir there seems a reduction in OI of Ce5100
At present addition is 6.6lacs...please guide

Ashish Agarwal said...

closing is very weak... seems the zig zag is not over at 5077.. seems C=1.38 time A.. means 5005 around is the likely target..

gkm223 said...

i think 5206 should come before any further fall, may be i am wrong.

Ilango said...

@ shivanGupta,

It depends on your entry.

As per our TT & TA studies, the trend is down and displays more weakness below DLEma & WLEma.

Despite "Rally off lows in Asian Markets this morning", our market fell down in the opening session based on its technicals.

Ilango said...

@ puravi,

OI changes in 5100CE could be due to partial profit booking by those aggressive writers this morning. We need to rely more on the EOD data.

shriram said...

@ Ashish: confirmation of ABC as ZZ over @ 5077 , wud come ONLY if we take out 5126-5140 band ..

makes for a mouth-watering expiry tomo :-)

Sujatha said...

"Tears of EYES are Valuable"
"Speech of LIPS are Powerful"
"Heart With LOVE is Beautiful"

"Life with FRIENDS is Most Wonderful".. !!

Good afternoon sir and everybody :)

Bye

Ashish Agarwal said...

@Shriram.. yeah but C can also be 1.38 times A. I mean timewise, it should have confirmed today or atleast given a modicum of confirmation.. the least i was looking for was a close above DLEMA

shriram said...

and Day candle is forming a hammer or a Shakeout candle with a long lower wick

buyers avaialable @ 50777-51K zone ??

will know if 5DEMA turns up by EOD close tomo > 5153 :-)

SJkolkata said...

Sujatha,
We all are missing your comments.
Is it that you felt bad about something.
Regards

Ashish Agarwal said...

@Shriram,
and to the bull, today's intra day action is a perfect cup and handle.. so lets see tomorrow..

puravi said...

Thank you for the teachings Sir..Have a great Evening:-)

shriram said...

Rajni joke for fans:

Superstar Rajnikant was wrong ONLY ONCE in his whole life, do u kno when ???

...
..
.

Ans: When he thought he had made a MISTAKE ! ;-D

Kirit Pandya said...

Sujatha didi taken place of Gauresh Sir

Came to know from the blog that Gauresh is not feeling well due to fever.

Pray for his wellness and fast recovery

suresh said...

can anybody guide how to
select stocks for INTRADAY
thanks

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