Thursday, August 2, 2012

Nifty Intraday Update-II


Prabakar said...

NIFTY OPTIDX Open Interest at 12 -> CLICK HERE

gauresh59 said...

Dear Friends,

Happy Rakshabandhan to all…………

Many many thanks for your prayer and well wishes for recovery of my health.

With the blessings of Almighty, all my teachers, family members and relatives now my health is something better than before. Still feeling some weakness.

Due to long list, it is very difficult for me to express my thanks individually.
Once again I express my heartly gratefulness for your wishes for my health.



shiva said...

yahoo!finance nse chart-^nsei;range=1d;compare=;indicator=sma(30)+volume;charttype=candlestick;crosshair=on;ohlcvalues=0;logscale=off;source=undefined;

raman said...

Delighted to read Shri Gaureshji's msg. Wish him speedy recovery and full recoupment of health.

Smita said...

Greetings sir !

Thank you so much for your post today morning .

Shriram ji , Thanks for your wishes :). Bhagwan aapki har manokamna puri karen.

numchar said...

Sir ,

# Weakness vs support

I have always misjudged Weakness vs support
So old question again now context ..

At this juncture if 21hsma holds can be taken as considerable support for re entry ..and if breaks towards 5190 can be taken as weakness ?

J.R.Julius said...

Yahoo Chart Interactive^NSEI#symbol=^nsei;range=1d;compare=;indicator=macd+volume;charttype=candlestick;crosshair=on;ohlcvalues=0;logscale=off;source=undefined;


Prabakar said...

Dear Gauresh Sir,

Happy to know.. Wish & Prayers for your full recovery soon :)

Sujatha said...

Nilesh-ji - thank u verymuch me + 20 pnts n advance

Cooldent - mm..18/224 and back??? the hell grinding market

Prabakar said...

Sujatha, Thanks for sharing a wonderful email.

CDG said...

Resisted near DHEMA 5218-20

J.R.Julius said...

TL Break above 5241 in NF.

Hari_Hyderabad said...

@ Cooldent sir

Sorry for late reply.

I am ready now.

Hari_Hyderabad said...

@ Cooldent sir

Sir are you trading 30 mnts. time cross over also ?

Sujatha said...

Prabakar - yeah very good one..30th July candle High protecting that's a breakout candle. premium killing @ grinding in options side :(

cooldent - aagaya 224..

cooldent said...

Hari sir

No. But today i got in bit early. 5210 21hrsma support plus 30 min also gave cross over. So

Hari_Hyderabad said...

@ Cooldent sir

Thank you, I am still waiting for cross over in 60 mnts.

cooldent said...

DR sir

take out 430 pls

Ilango said...

5033 to 5246: a/i done.
5246 to 5210: (a)
5210 to XXXX: (b)
XXXX to ....: b/ii would be complete by tomorrow

and the

c/iii would commence from Friday.

If the above is wrong, the cues would be available from tomorrow's price action.

What supports the above scenario is:

Continued FII's buying.
Time correction with shallow price corrections.
OI table

Piyush Sharda said...
This comment has been removed by the author.
shriram said...

ilango ji,

there is the alt that the (i) is still in play , its 4th sub frac done @ 5211 &

now 5th UP in progress shud do @ least .618 xsw3 = 5315 ... ???

Hari_Hyderabad said...

Stochastic cross over seen in 60 mnts. Nifty Futures chart

shriram said...

of course, one more option is the 4th sub frac is still in play vide "b" & "c" will follow DOWN

Ok time for sapad , cu @ 14:00 !

sanz said...

@ sujatha Di, this is for you -
"She takes my hand and leads me along paths I would not have dared explore alone..."
Happy Raksha Bandhan to yu Di :) God Bless...

Ilango said...

@ shriram ,

Yes. That possibility too exists.

Thank you.

Above 5240 or below 5210 would be for either your view...or my view.

Kranti said...

Dear Ilango Sir, How do we analyse time corrections..Please help understand this in correct perspective..Thanks

CDG said...

5210 to XXXX

XXXX could have been done at 5230 and '(c)' might have started which will make equal to '(a)' that is 5246-5210=36=(a) and so '(c)'= 5230-36=5194 which is the area of support for all the major EMAS

shivanGupta said...


from 5246-5210(a) it took 8 hours
so b cant finish in just 1 hour as per my understanding......sir know better

Ilango said...

@ CDG ,

(b) should generally take more time or atleast 0.618 of (a).

shivanGupta said...

your wave a/i is five wave or 3 wave

Ilango said...

@ Kranti,

1st wave consists of "i,ii,iii,iv,v" sub waves.

2nd wave corrects the 1st wave or the entire"i,ii,iii,iv,v" waves.

So the time taken by the 2nd wave should be more than either ii or iv sub waves.

There are times the 2nd wave prices may not equal either ii or iv sub waves of 1st but it will remain in a shallow band to complete the min. requirement of time that equals or more than these "ii or iv" waves. That is time correction called technical correction.

shivanGupta said...

Above 5240 or below 5210 would be for either your view...or my view.

but sir b wave can be irregular so it can move beyond 5240 so how to confirm this

Renju S said...

Google charts are working fine now.

STOCK4SURE said...

nifty retracing to gain momentum to break wall of 5233

Anil said...
This comment has been removed by the author.
Kranti said...

Thank you so much Ilango Sir..

Anil said...

Meagre turnover in F&O only 34500 cr only two hours left...

SJkolkata said...

Google charts working now.

Sujatha said...

Sanz -OH.. "The cute smart ulta brother" thank you very much..Happy Raksha Bandhan :) give me today or 2morow also i will accept your nifty healthy bears.

Linkan said...

Thank u llango sir for sharing the updates....

Ilango said...

@ Kranti,

Lets take the price move from 5033 to 5246, consisting of i,ii,iii,iv & v waves.

ii: 5150-5078=72 points.(4 hours)
iv: 5207-5154=53 points. (3 Hours)

This current correction is correcting the 5033 to 5246.

So far corrected by only 36 points but has taken 6 hours to reach 5210. This is time correction.
However, we don't know whether it is correcting 5033-5246 or the last rise of 5154-5246.

The sudden changes in OI data @ 1.00PM with more CE writing is a cause of concern. EOD data would be more reliable.

Nifty Simba said...

The Inverse Fischer Stoch cannot stay at such high levels for long....It has to take a breather...correction to 5180 odd levels will achieve equilibrium

Sujatha said...

Sir - pls. don't mind y u and all r using i,iv and 1,2,3 instead using A, B C any easy method in ABC??? like 5169 is A - 5258 is B then down 5032 is 'C' what is going on ??? is it wrong??

PS : request all not to "laugh at me" for EW

Ilango said...

@ shivanGupta ,

Relinfra did that "Irregular correction" and falling again.

Nifty hasn't shown such a strength, hence I stated 5240, a trendline drawn from the last tops.

Ilango said...

@ Sujatha,

Good. You have joined the 1st std guys now.

We are stuck for ages in 12345, i,ii,iii,iv,v and abcde. We haven't gone beyond it.

Our IQ is terrible.

Stay where you are, trusting your intuition.

If you still insist, we have no rules...use what comes handy to you.

shriram said...

--> back

Ilango ji,

another beautiful alt lable presents itself :-)

Possible DZZ in play as,
W 5246 5221 -25
X 5221 5233 12 -48%
Y.a 5233 5210 -23
Y.b 5210 5232 22 -96% **over ??

Y.c 5232 5209 -23 100%

What wud u say to this sir ?

sanjay said...

ohh can any one swich of this grinder?

Ilango said...

@ shriram,

FII's buying is in harmony with your above view.

But OI data shows ST pressure.

A contradicting signal.

shriram said...

Ok, tks Ilango ji,

which website do u refer to see live FII data ? pls guide

krishna said...

I think Rajni Kant is not trading today?? thats why no movement at all..

Ilango said...

@ shriram,

It's available under:

Market Statistics


Money Control

gkm223 said...

5306 gap should be filled first.

STOCK4SURE said...

chhota observation:
since last 3 days all dip at noon have been bought to close near days high

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