Thursday, August 23, 2012

Nifty Intraday Update-III

Due to popular demand, "Lead indicator" comes back.

72 comments:

Prabakar said...

NIFTY OPTIDX Open Interest at 2 -> CLICK HERE

Atharva said...

master 5th completed in 2 tf or yet to complete???

puravi said...

@ illango ji
thank you for the teachings & lead indicator.
Nifty taking support at 21hrsma & D.pivot.
Can you please bring back the EW labels...as todays hight the diagonal may have been complete.
Thanks for being with us

Pankaj Indian said...

It looks like fall has ended, the 5th wave has exactly 5 subwaves

Amol Sharma said...

Thank You sir for The Lead Indicator.

Tejpreet Singh Chadha said...

Thank you sirji. Lead Indicator helps a lot in leading :-). I am silent observer here and hope to contribute in future. Good Day!

Ilango said...

Profit booking in the 2nd half of the week is proving that "pattern of rise in first 3 days(or 2 in truncated week) and fall in last 2 days of the week" in this series continues....

Stockgrp said...

Bhalu chupke chupke nahi aaya.
Its rising wedge in last five days. Bears were sitting at the top.

nifty rider said...

bears lack power...in counter attacks .. bout still in favor of bulls

suresh said...

ns : weakness if < 5407

puravi said...

trendline from 5033 5405/5400
21hrsma 5410
34hrsma 5397

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

Trading below channel/ pivot...could attempt 5389-5DEma & lower.

suresh said...

now ns if <5389 then can c 5359

Kiran said...

Arey aaj hi JNSAR triger karoge kya...?

Pankaj Indian said...

The fibo support comes at 5494 - 5389.

Atharva said...

thanks master ..I am so glad..today is the first day of my trading career I could recognized waves holding short since 5452..thanks a lot sir ...

Pankaj Indian said...

sorry I mean 5394-5389

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

@ Ashish Agarwal ,

A break of 5394.80 and a close below 5395.75 would qualify for a "Bearish engulfing".

It would have been more relevant if yesterday's candle body has been longer.(It was just a 17 point body)

Hemant Harke said...

Ilango Sir.
If JNSAR not triggered and close below 5388 which will make day EMA down & close below 34EMA.
can we take positional Shorts

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

@ Hemant Harke,

Why mix up JNSAR with other TA studies.

Our conservative trade suggestion was to "Part book @ 5443-52". Accordingly an aggressive trader would have sold there. And if closes below 5389, it is a technical sell.

JNSAR sell is either below 5358(today's) or 5371(tomorrow's).

STOCK4SURE said...

ns making same pattern as on 17th aug
if same continues may trgt 5420ns near eod

Ilango said...

Taken support @ yesterday's low as well as 34 Hr sma-5395-5396.

sandeep said...

it seems fii have started profit booking

Ilango said...

Retracement for 5449 to 5394 are:

5415(38%),5422(50%) & 5428(61.8%)

STOCK4SURE said...

ns also forming a new channel joining highs and lows of 17th and today

suresh said...

can v c ns <5389 ?

Atharva said...

Master bouncing fr UTL in 60 tf..can we buy here??

Atharva said...

sl daily LEMA 5376

STOCK4SURE said...

two bearish WW were developing in Bn charts
one WW trgt have been met
2nd trgt is near 10300 till tomorrow 12noon

suresh said...

need to follow sir ji, method of thinking:
NO SHORT CUTS ALLOWED

Ilango said...

@ Atharva,

When you play for sub-waves in "Intraday", trust your instincts/ observations but keep the emotions in check and exit the trade if the calculation turns wrong.

Pankaj Indian said...

5393 is the low of the day, exactly what I had called out....

teejay said...

Do you think... today's fall is due to rollover of long position to Sept series by big players?

Pankaj Indian said...

Probably 1 more visit to 5394 would be there.

Ilango said...

@ teejay,

As long as 5365 is protected in this week, we could term it as "Roll over" which normally takes place in the last days of the penultimate week of the series.

Kiran said...

CNX IT didnot bother to fall with Nifty/BankNifty.

Prince said...

Master Nifty also likes lead indicator it was wating for you to announce its back n nifty loving it by showing volatility after so many days.....lolz

Ilango said...

3.00PM TT & Charts updated.

Waquar said...

Ilango ji, plz aekbaar EW labels bhi add kar dijiye hourly ke liye, if not here then in the TA file...

Atharva said...

@master : Noted...

STOCK4SURE said...

day high in IT index

Nilesh Patil said...

@Master,
Thanks for Lead Indicator

anmpatel said...

around 4lac nifty bought from 5400 to 5426. anybody can confirm???

STOCK4SURE said...

TCS near res
is it worth selling here
plz advice

Hemant Harke said...

Closing below DHEMA
Sell on rise

Bharat S. Kumar said...

@anmpatel - even I see a 4 lakh nifty purchase.
@Ilango Sir - bullish?

Atharva said...

stock 4 sure : Hi! - WW in nf 5 tf achieved all tgts..

Ilango said...

@ DR,

Nifty may attempt to close above "5412" HLEma to maintain a trading mode (Closing above ALL Low emas).

80% in upside is 5438
80% in downside is 5368.

shivanGupta said...

@stock4sure
TCS is trading at all time high so could you tell which res you are talking about.

Dinesh Rishi said...

Doji in Mumbai Language

खाया पीया कुच्ह नही
गिलास तोड १२ आना

chetas said...

outside bar in NS

Dinesh Rishi said...

Sir Thanks

this trading mode is very difficult 4 me to trade

Ilango said...

@ Bharat S. Kumar ,

A close below DHEma(most likely) will be a "Sell on rises".

Depending on global cues, the rise would be there and if that rise keeps below 5438, sell is alright.

However, if global cues are negative, the rise is unlikely.

US mkts are evenly poised and tonight should tip the scales.(Or on Friday)

anmpatel said...

@Bharat Kumar
around 5lac OI reduction from 5425 to 5227..short covering? anybody confirm??

Ilango said...

@ Dinesh Rishi,

Trading mode - everyday is tough. But when it is ripe, its wonderful to follow key levels.

Such discipline needs "military kind discipline".

You should be the right candidate.. I see you limiting to just "Exiting at such junctures", keeping with your "play only the uptrends".

anmpatel said...

read as 5427......

Srinivasan Krishnamoorthy said...

good prediction and nifty follows your predictions. I am following you like veda
thanks

STOCK4SURE said...

Shivan gupta sir its abv Tl joining two prev highs and is developing a bearish WW pattern in daily charts and abv 1320 is pt5 of pattern

Ilango said...

38% retrace 5417 done;
Going for the 50% retrace @ 5422.

"5428"-61.8% reserved for 24th..?

shivanGupta said...

Trading mode - everyday is tough. But when it is ripe.........sir what does this mean.

anmpatel said...

anybody can give closing average idea?? thanks.

chetas said...

avg clsoing now at approx 5415, above hr lema, and below Day high ema

STOCK4SURE said...

nearly same pattern today as on 17th aug
as per fractals may see 5440 near tomorrow first hour

Piyush Sharda said...

@anmpatel,
in google nifty 2 min chart use 15 sma. at 3.28 its value will give closing (adjust error)1-2 points

SANPOT said...

Ilango Sir, from 30 min google chart it looks like the Nifty has given the Break Down from the Rising Wedge/Ending Diagonal pattern. Pl give your expert advice.
Thanks in advance.

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