Tuesday, July 31, 2012

Nifty Intraday Update-III


64 comments:

Ilango said...

This is what is called:

Part Book.........
Re-enter..........

while following your chosen study.

Keep working...

Prabakar said...

NIFTY OPTIDX Open Interest at 2 -> CLICK HERE

shriram said...

34EMA,30m trade has given 70 NS pts stgt intra-day for bulls :-)

Ashish Agarwal said...
This comment has been removed by the author.
sandeep bhoite said...

@ Amol Sharma

Yes Me too from Pune :)

Piyush Sharda said...

head & shoulders fail is view of many. it was probably discovered by schabacker in 1920-30 and illustrated clearly in edwards and maggee.

ppl ususlly dont read in detail before claiming it failed. magee clearly states that prices whipsaw many times on shoulder line and he recommended a 3% break of neck line to confirm break of h&s. a neckline or any pattern line can whipsaw. by struggle that point. its not failure of pattern for shorting he recommends retrace to neckline,retrace to trendline connecting head and right shoulder, 40 % retrace of the fall. if one cant wait or follow rules because nature of futures trading (sl is small) then one may not use the tool for trading. a different tool is required .its not the tool has turned faulty.

puravi said...

@ illango Sir!!!
I just marvel at your confidence in your studies.
That is faith for the uninitiated

thank you:-)

shriram said...

Ilango ji,

prefer to disjoint the fibbo in these moves & lable this as DZZ from 4770 , Y UP started from 5033 in play now

or carry on with ABC ? How to decide ??

Ashish Agarwal said...
This comment has been removed by the author.
Sanket Mody said...

Nifty forming Hammer Pattern on daily charts. Sir, what does it imply?

puravi said...

Todays Candle guess???

Ilango said...

@ shriram,

When diff. T/F has conflicting TA signals, its better to allow the market to show its hand and until then, go with the most obvious looking one....

An abc move from 4770 to 5349 done;
Another abc move from 5349 to 5033 done;
Current move seems to differ from the 4770 to 5349 move.

Current moves has sub-dividing waves. So let it run till shows any -ve div.

Parimal said...

@Piyush Sharda
i would like add:
H&S (inverted and obverted) should be read in right context. H&S is a reversal signal. so should not be a standalone case. means: in the down trend or up trend if H&S occures, it heralds a reversal.
correct me if i am wrong

shriram said...

Yes Ashish,

Thats y i asked the Q dear :-)

The "A" looks a 3wave.. so options for "B" are B>80%A<104% (REGULAR FLAT) & B>104% * A < 138.2% x A (EXPANDED)

Since our "B" has done an odd figure 54% x A & "A" was a 3 wave, it NEITHER SATISFIES A FLAT OR A ZZ !!

This move up from 5033 is hence most likely a Y

We are ina simple Y.a UP to 5270 prolly... in 5 sub-waves :-)

mynac said...

Still there is no sign of any respectable NF short covering

Ashish Agarwal said...
This comment has been removed by the author.
chetas said...

doji in Bank nifty monthly candle

Sujatha said...

Prabakar - where r u?? for 2morow's "avani avittam" today mkt gave some idlis. next "saturn tongue transfer" go to "FOMC" 2mrrow??

Shriramji - agree with ur no - 3pnts. then fall should come or else "prithvi rocket" mostly "tongue transfer" may happen i feel

Dinesh Rishi said...

Do or Die - Against Corruption

LIVE From Jantar Mantar

http://www.granslive.com/public/showEvent?eventId=6cc031b0-0608-47c4-921a-d5ae35f9fd2e

Ilango said...

@ Sanket Mody,

It is seen here as a continuation pattern.

Nilesh Patil said...

@Master,
On Hour TF is 5 waves complete of the upmove start from 5033

Ilango said...

@ Nilesh Patil ,

These don't look like a simple 5 waves but the 3rd wave may be sub-dividing.

Let TA guide you further on this.

Piyush Sharda said...

@parimal,
h&s are reversal patterns but also continuation patterns too. but edwards and magee states 3% break below neckline to confirm. it may be too much for for a nifty trader. the false breakouts
at any pattern line is not new phenomena it was mentioned by author.. so there should be atleast clear breach of trendline to confirm reversal. at times it may be very late by then and we can short on subsequent rally only.

Ilango said...

From 5154 to 5225.40, a 5-waves may have been done.

shriram said...

@ ilango ji: Aye sir, just wished to ask u coz the structures did not match up :-)

@ Ashish: if it goes to 54K, i will send u pedhas :-)

@ Suja amma : What is Mayan saying now ?

Ilango said...

R1-5228(WHEma) still pending..

Sub-waves...be flexible.

Ashish Agarwal said...
This comment has been removed by the author.
Parimal said...

@Dear Piyush Sharda
'so there should be atleast clear breach of trendline to confirm reversal'-- as you have rightly said, this is where the significant point lies.
thanks for education

shriram said...

hhaha.. Dear Ashish,

I m refering ur figure only, yes 54K wud be too much to digest for ppl who enetered today @ 34EMA,30m, thats y i said pedhas :-)

Multiple 30min Res zones @ 5225-5255 need to b taken out for that to happen!

Nilesh Patil said...

@Shrirambhau,
54k sathi tumhala Kumar sarana manage karave lagel. karan te sell karat aahet.

Ashish Agarwal said...
This comment has been removed by the author.
suresh said...

sir ji,
can u pl provide a link
where i can study wave-c patterns

nifty rider said...

bulls and bears plz come together and fight against corruption firmly,otherwise these politicians will succeed and make us ass.since independence its first time we have opportunity
to assert against these corrupt politicians and come out winner.hamhe kab tak ye chand politicians bewkoof bannate rahenge.VANDE MATERM

Sujatha said...

shriram ji - far away from "my mayan" BN 334 taken out is "fun time" for bears just a matter of time. bless me :)

ashish - u forget "5400" temporarily & me already forgot "timebeing-ly" dream after some time pls i can't run with the bulls continous festive mood till 5th.

PS : I will change my coat once my "No" taken out on closing basis.

Bye

shriram said...

@ EW folk

Pls check this --> Quick ruff work on Alt EW labes:

y.a 5033 5225 192 DONE

y.b 5225 5152 -73 -38%
y.c 5152 5344 192 100.0%

@ AShish --> for TIME, there is just one book, Search for JM HURST , DOMINANT TIME CYCLES :-)

@ Nilesh : kumar sir is a Hi Vol player in IPL league..we r playing gully cricket , nowhere close :-)

Prabakar said...

Sujatha,

just returned back after giving send off to Shri 7 1/2ji to US, watching the idli's with OI... & the close

sandeep bhoite said...

MASTER is Great for 3 points also says Pending ,,

Its Like W. D. GANN with us :) :)

Dinesh Rishi said...

BN not in mood of supporting

Nilesh Patil said...

DR sir,
Shyad aapne rocket ko thik se aag nahi lagai. :)

Nilesh Patil said...

Nifty +30
BankNifty -30
:(

Dinesh Rishi said...

Nilesh Patil

http://www.socioplanet.com/uploaded/navigation-big/20120414074331kim_jong_un_on_north_koreas_rocket_launch-65443.jpg

NEVER GIVE UP said...

open and low is same for this hour at 5217.

CDG said...

@Ilango
R1 done so next would be R2?

Ilango said...

Nilesh Patil said...
DR sir,
Shyad aapne rocket ko thik se aag nahi lagai. :)

:D :D

puravi said...

Pre Market View
5145/55-5180-5230/50

Ilango said...

@ Dinesh Rishi said,

Lunch...@ 3.08PM...???

:D :D

Ilango said...

@ CDG,

After 5228, Wk's R2:5231 also done...

MHEma is the one left before which 5258 & 5280 to be cleared. It will clear as long as TT remains green.

satheesh said...

Tatasteel Has given a breakout today. Yesterday JNSAR was triggered at 403 levels

rrknan said...

Now EAST also down another power tripping NORTH AND EAST grids are down.

satheesh said...

200 Hr MA of Bank Nifty at 10390 levels is acting as a stiff resistance :(

Dinesh Rishi said...

satheesh

4 me on BNF chart its acting as support :(

Dinesh Rishi said...

Kumar Sir

BTST hai kya?

Ilango said...

Turning up the WHEma from 5232 to 5233++ now.

shriram said...

ilango ji,

Are u hinting @ this move 5033-5232* in play as BIG C.1 sir ???

Kumar Technicals said...

D R Ji!

Sab Rillu baba ka khel hai aaj, i am on STBT side...will add more near 5245-60 if it comes:)

Buzz said...

While the power supplies are being disrupted, Powergrid has given a pretty decent bump up! :)

Remember what GrandMaster Oogway the tortoise had said in the movie Kungfu Panda to Master Shifu when Po was wrongly crowned as the Dragon Warrior -There are no accidents! :)

Have a great weekend!

Ilango said...

@ shriram,

I'm hinting at the strength.

Dinesh Rishi said...

Thanks Kumar Sir,

but I could not clap :(

sushil said...

breaking news PC new finance minister

sushil said...

breaking news sushilkumar shinde new home min

shriram said...

Thks ilango ji :-)

leon said...

tax filing due date extended till 31st August

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