Tuesday, August 21, 2012

Nifty Intraday Update-I


32 comments:

Prabakar said...

NIFTY OPTIDX Open Interest at 10 -> CLICK HERE

NIFTYNINDIA said...

1st hour close above HEMA...odd for short position..but resistance is near so will continue trade...

Stockathon said...

Dear Ilango sir,

Can we take a conservative trade here at 5390 as advised in pre-market? Or is it an aggressive trade?

Atharva said...

Gm to Dear Master & All

Atharva said...

Still trading in expanding Triangle

Prithvi said...

Banking sector very very weak.

Prince said...

Master stoploss of 5405 for conservative trade is for EOD or intraday.....???

Fire said...

Two posts on Nifty & USD-INR - Link

Prithvi said...

@All,

Aaj Mera maun vrat hai,

To aaj me kisi se koi baat nahi karunga,sirf
likhuga.


NIFTYNINDIA said...

Nifty spot CAM H 3 hits again...short safe ....traingle on 5 min chart....breaking....short safe

gajendra said...

Good Morning to all blog mates and master

gajendra said...

Options Data for Intraday is indicating bullishness

NIFTYNINDIA said...

Nifty Future....5373 imp.....below that 5351/5320.....

gajendra said...

@NIFTYNINDIA.....is 5373 any moving average figure?

gajendra said...

There are three put writers comapared to one call writer at 5400 Level...hence shorts seem risky.

NIFTYNINDIA said...

Fast fall on 5/20 MIN chart...short safer...

Ilango said...

@ Stockathon,

Why such a question..?

Do I know what the market will do next..? OR
does any other person know..?

NO.

As our studies namely, Trendline, Trend following and Macd have suggested, we have suggested a Sell based on "Hour Time frame".

You could call it aggressive trade though we have suggested it for conservative too but with a very tight Stop loss.

Trading with properly calculated levels gives a trader 20-50 points in intraday, provided emotions are kept away.

Opening with Open/ low being same @ 5370 gives an instant 20-25 points into the resistances.

Selling @ the resistances is in the process of delivering gains.

At some point in time, the trade could go wrong which will be managed/ loss-contained by the application of stop loss.

A sell in shorter time frame when higher Time frame is in uptrend needs to be managed well. If uncomfortable, do not initiate a trade(Counter trend).

NIFTYNINDIA said...

gajendra....Channel Support 5373

Ilango said...

BN has fallen from the contracting triangle's resistance point to the support point.

Current high & low becomes the break-out and break-down points.

suresh said...

sir ji,
how to trade stocks which have touched
52w high/low.
thanks

gajendra said...

@NIFTYNINDIA ...thank You :-)

durga said...

GOOD MORNING MASTER n all blog mates.
as per our T,T nifty is in trading mode till market proves otherwise.
in this mode sudden slips and rises within the range is common to hit s.l on both sides.
premium eating is the name of the game.
however seeds will be sown by biggies in this period for the next surprise.so our science is challenged by art .catching majority on wrong foot .be alert for the same. bye.

Ilango said...

@ suresh ,

What is your basis/ study for trading a stock..?

I'm sure, it is not based on 52 week High or low.

Ignore it.

As long as your basis or study suggests you to be long, remain long. When it shows exhaustion but without a sell signal, part book.

All the rest are meant for 24x7 news channel to fill the "non-stop commentaries".

Stockathon said...

Dear Ilango sir,

Thank you so much for this helpful as well as insightful explanation!

I'll keep in mind all the points you have mentioned for future reference.

NIFTYNINDIA said...

Nifty Spot...2nd hour close below HEMA...short safer....

Vipul Rastogi said...

July CPI @9.8% vs 10.02% of the last month.

NEVER GIVE UP said...

good morning sir and all friends.

Prabakar said...

Some how the 5400 & 5300 put OI addition of 11.24 & 9.64 lks not convincing for bullishness. As of now it seems to be bullish, but NIFTY not able to show this strength in upmove.

Now 5300 put have 1 crore of OI...

Prithvi said...

Bank nifty broken downside

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