Friday, August 3, 2012

Nifty Intraday Update-II


83 comments:

CDG said...

@Ilango,

is .38% retrace of 5033-5246= 5165(done now) normal or undervalued and a larger retrace of 0.68%(golden ratio) till 5114 can be expected for good support. WLEMA also consides there at 5114 and currently it seems Week is forcing itself on the trend...

cooldent said...

Hari sir

Ready Steady

Dinesh Rishi said...

Ready Steady, but no go :(

Prabakar said...

NIFTY OPTIDX Open Interest at 12 -> CLICK HERE

Piyush Sharda said...

in my 30 min its given at 12 pm bar and jnsar at 5160 so sl just 15 points but better wait for hourly i guess

anmpatel said...

last hour candle was dragon-fly doji.....

Prithvi said...

CHAL CHAL MERI NIFTY,
TERE HATH JODTA HU TERE PAV PADTA HU
CHAL CHAL MERI NIFTY.

NEVER GIVE UP said...

clear five waves from 5165 to 5179 on 2 min. chart.

Prakash-Pol said...

Nifty wait for europe open.

Sujatha said...

Prithvi - chal chal meri nifty??? kahan??? upar, niche??

DR-ji - give kumar sir's no + bonus 30 and my mayan then take back if mkt permits

Kumar sir - r u talking abt BNF OR BN spot?? i would like to see ur no. BNF will it??

Prabakar said...

@Prithvi,

direction tho pathadhey niftyko.

Ilango said...

@ CDG ,

38%, 50% & 61.8% are possibilities.

They reveal strength & weakness of a price advance or decline.

38% coincides with 5160. If unable to reverse here, it would only mean more downsides.

Below 5160, there are two other numbers that could be relevant:

5154-start of the last rise to 5246.
5139-50 DSma.

This is an ideal place to reverse....EW form is in place too.

Only the remaining hours could confirm it.

Dinesh Rishi said...

Prithvi

http://topicalisle.files.wordpress.com/2010/08/monkey-rescue11.jpg?w=600

Sanjay Jaiswal said...

Ranbaxy made high of 515.80 in a 1% down market...

Prithvi said...

@Sujatha & Prabhakar,

Nifty is in uptrend so i said upperside
Do not think about down till 5140.

Nilesh Patil said...

Dr sir,
Lols...........

Unknown said...

sir,
as J10SAR at 5187 can i get short here or +20 point cut

Prithvi said...

@DRSir,

Bus sir, aap ki aur meri dosti ki photo net pe rakhdi..

hahahahahhaha

Kumar Technicals said...

Dear Sujatha!

I have no position in BN, D R is master of BN. Thats why i respect his number always in BN, my query was for BN spot:)

Dinesh Rishi said...

Kumar Sir

10154 is BN 50 SMA

Shorting below 10100 can be rewarding till than

no short Grind Grind Grind

http://robotmafia.com/wp-content/uploads/2011/06/abstract_machine.gif

Kumar Technicals said...

Dear ILango sir!

Trying to get the EW form u mentioned in comment for probable reversal, pls help with details.

satheesh said...

@ Anil,

There is a Bullish Gartley formation in Bank Nifty Hour Charts.

Refer:

BANK NIFTY GARTLEY PATTERN:
Click Here

S N said...

Sir,

you mention 5175 as JNSAR in green..Does it mean you expect reversal at 5175 to go long ? But BN is already short with JNSAR from 10307. As such, are we to book profits in BN and go long in nifty @ 5175 with 20 points stop loss and reverse BN to go long @ 10327 with 20 pts filter ? Pl advise. Thanks

SN

anmpatel said...

@master
at what price can we confirm that reversal happen?? thanks.

Prithvi said...

@ALL,

YAARO YE WAVE'B'KA DAAR KAB KHATAM HOGA,

AUR BIG 'C' KAB START HOGA?????

shriram said...

Good Afty everybody :-)

so, NS has cleared ysdays confusion ... and most likely 5waves done @ 5246

Current move DOWN , if a ZZ , shud stop ideally @ the 61.8% mark i.e 5114 as follows

(a) 5246 5164.8 -81.2
(b) 5164.8 5196 31 -38%
(c) 5196 5115 -81.2

chetas said...

HUGE VOLUME AT 1DAY 1 MINIT CHART @ 9.5 AND ALSO NOW AT 12.35, SMAE PRICE LEVEL OF nf 5202-03

Anil said...

@Satheesh

thanks..actually not touching bank nifty...just a query of chattering mind...

chetas said...

Sorry , 12.45pm NF and 9.35am NF huge volumes

Nilesh Patil said...

@DR sir,
http://www.indiandefence.com/wp-content/uploads/2012/07/Agni-I-missile.jpg

Dinesh Rishi said...

Nilesh Patil

or it can be

http://www.youtube.com/watch?v=8J5PWIgRSOM

Hari_Hyderabad said...

@ Cooldent sir

Stochastic cross over may come @ 1 p.m. due to time and not because of price :(. Still I will just fallow my trade plan

Prithvi said...

@DR sir,

Bachhe ko gussa mat dilao ,verna anjam bura hoga.

watch
http://1.bp.blogspot.com/-MuamPrIQ4bo/T6f_qFhoEUI/AAAAAAAABdM/xcR6Ipq3uA8/s1600/funny-baby.jpg

hahahahahahah

Nilesh Patil said...

@Prithvi,
As per Masters above chart we are in Wave C of 2

satheesh said...

Bank Nifty Bearish bat pattern update:

BANK NIFTY GARTLEY PATTERN/bearish bat pattern:
Click Here

chetas said...

Shriram Spot on!!!

Also tested hr high ema, now time for weekend part down the road???!!!!!!

shriram said...

@ ilango ji,

if NS goes > 5210-5215 , wud u consider the 3rd leg up in play from 5164.8 , tgting 5296-5306 @ MINIMUM ?

Nilesh Patil said...

@DR sir,
Thanks for alarming. My sl is in the system.
This is for fun only. Pls don't take it seriously or wrongly.

Dinesh Rishi said...

Prithvi

Lolzzzzzzzzzzzzzzzzzzzzzzzz

Hari_Hyderabad said...

Stochastic cross over seen in 60 mnts. NF chart

Ilango said...

@ S N,

I'm sure you would like to trade JNSAR in the most simple way.

Treat JNSAR number as a trend indicating one. As long as the price is closing above the day's JNSAR, trend is "UP", below it "down".

Use 20 points filter for Nifty to manage the intraday swings.

Use 50 points filter for BankNifty to manage the intraday swings.

BN gave a sell @ 10318 this morning. 100 points part profits coincides with the golden trade ratio of its rise from 10056 to 10468 @ 10213.
Reverse it to Long if closes above 10318 today.

For Nifty, one could go long near JNSAR(the 1st lot part booked previous day) based on Pre-market levels and manage the trade.

I'm sure that is simple enough. If you make those consistent trades...winning will become a habit despite few whipsawing trades. Persist.

Nilesh said...

@ ILLANGO JI,

there r error in tt table weekly high 5300 was
not done in this week it was 5246

Prithvi said...

@Nilesh Sir,

5162 wave 2 finished.

Now wave 3 start

Kaas koi confidence se aisa kehta ..

shriram said...

Dear Chetas,

5147-5155 is a Support zone & WkEMA has supported the fall to 5164.8

5147-5210 is a TRICKY ZONE (stay away ideally) !!

And if forming view purely based on EW, be v careful pls, B waves are like CRAZY FROG, jump, here there, everywhere but not in our net :-)

sandeep bhoite said...

@ Master,
Is Sell On rise should be the strategy now?

As its near 5204 ( 5 ema )( todays around 5194 as resisted here ) .

Or Should We wait till breakdown of JNSAR @ 5160 / 5175.

shivanGupta said...

sir could move from 5164-5196 be 4th wave of move from 5246

Ilango said...

@ Kumar Technicals,

5033 to 5246 is marked as "a/i", "i" becos' of 5-sub-waves.

It was followed with an "abc" correction to day's low as marked in the chart.

That is a completion of "b/ii" wave as a bullish view. (There is a bearish possibility marked in red as an alternative).

The sub-waves of "b/ii" was followed up till the closing hours yesterday, suggesting this (c) wave down of this morning to complete the "b/ii" wave.

So far we have been able to read the sub-waves.

Going forward, holding 5175-82 would be critical for this reversal.

Kranti said...

Chetas .. I feel if current levels hold weekly can turn up again and target the resistance at 5285 levels..That may open up a bigger break out possibility.. Monthly has already supported..

Atharva said...

Master how come JNSAR in chart is still Green. Today's low is 5165 ..so it should be red ,, Is my understanding is correct??

Atharva said...

JNSAR short initiated @ 5175 with filter of 20 pts and that hit as NS crossed 5195..so now long with JNSAR @ 5175..is this a reason it is green in chart???

Atharva said...

These JNSAR trades were initiated based on tomorrows developing JNSAR @ 5175

eevra said...

@atharva: If the correpsonding T/F close price is higher then the JNSAR value appears green , else red

Ilango said...

@ sandeep bhoite ,

Mth/ week have been closing below HEmas.

Day is yet to confirm it.

"Contracting spread" in the recent price moves makes it difficult to hold major positions.

Both bulls and bears are slugging it out....claiming victory but the verdict is not out.

Just as HEmas have sided with bears, low emas support bulls.

Trade with caution.

OR

Choose one study(if you can't combine few) and trade by it.

Yash and Dhan said...

@ Atharva
JNSAR short for today is 5160NS.
Not yet hit.

puravi said...

@ Atharva..
JNSAR trades are based on todays JNSAR 5160...
tomorrows JNSAR usually comes into picture after 3pm...unless SIR alerts us otherwise.
This is my understanding.

Kumar Technicals said...

Thank You so much ILango sir for ur detailed reply.

Ilango said...

@ Atharva,

Read our pre-market views:

Below 5225-Day pivot, it is weak & gets weaker below 5189...bearish below 5160.

I have marked 5175 in the chart to assess strength.

There are times these numbers help. Sometimes they whipsaw. Nevertheless, they reward.

Atharva said...

Eevra : thanking you

J.R.Julius said...

@Mr.Suresh,
Please send me a test mail - Regd Gann Sq9

Ilango said...

A 5-waves from the lows done unless sub-divides.

Ilango said...

Above 5210, the red alt. label will get negated.

Atharva said...

master : thanking you realized mistake shld hv taken long @ 5175 with -20 sar..

Dinesh Rishi said...

BN both signals today profitable

http://www.marketcalls.in/livecharts/bank-nifty

Traders day

puravi said...

Though not trading BN done 5 waves from bottom
Nifty retrace 61.8% of todays fall...booked aggressive trade

puravi said...

as mentioned by sir,
5180 is 61.8%
5173 is 80% of the current rise

shivanGupta said...

sir spot touched 5210 so red label negated or price need to close above 5210

Ilango said...

Sub-dividing waves suggest strength.

Ilango said...

@ shivanGupta,

Breach of 5210 with 5210.10 is enough to negate it.

puravi said...

5210.10 is enough..
Jiyo Sir Jiyo:-)

sandeep bhoite said...

@ MASTER

Thanks for educating

Its look bit tricky for me as need to trade with small position

Nifty Simba said...

As in my last post......5233 touched .........Ehler equilibrium almost achieved....Ideally 5239 should come

puravi said...

JNSAR pe Kar Eithbar...
Daulat Beshumar!!!!

Elliot wave jod lo...light hi light:-)

satheesh said...

Sir is there a Possibility such as,

wave A -4770 -5349
wave a.B - 5349 -5033
wave b.B - 5033 - 5246
wave c.B - 5246 - 4929 (c=min a =317 points)which comes to 70.7% of the rise from 4770 - 5349.

The above possibility coincides with the Bullish Harmonic pattern developed in Day Charts.

Ilango said...

@ sandeep bhoite ,

One of the basic guideline while following Tech.table is:

Take the new signals depending on their T/F....give weightage accordingly.

Ilango said...

@ satheesh ,

It would have been possible if the July month has ended down or this week..

We need to wait & see how this week ends.

Objectivity leads me to the current labelling. I should change it if prices break down or it takes more time to advance.

CDG said...

this could be the successive hourly close above its 5EMA

Ilango said...

2.00PM closing above 34 Hr sma & HHEma.

satheesh said...

Thanks for your reply sir. I shall wait for EOD close. :)

parminder said...

master,
as per google chart at 1.46 pm it had given a high of 5210.10

Prakash-Pol said...

@ Shriram ji
sent a mail.check if time pemits. Thanks.

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