Wednesday, August 8, 2012

Nifty Intraday Update-III


67 comments:

Pankaj said...

Ilango Sir, In spite of the channel top, the OI table is reading very bullish, with significant amount of 5300 PEs and to some extent even 5400 PEs as well being added.

shriram said...

--> back

SL popped @ 365 :-(

Nifty again trading @ a statisically REVERSAL zone

CMP-Dev.DHiEMA currently > than 70 pts, gives 67% probability of DAY TOP @ this zone 5365-5395

Prabakar said...

NIFTY OPTIDX Open Interest at 2 -> CLICK HERE

Parimal said...

this ORB breakout is sustained for 30mnts
so it is not a false breakout

Dinesh Rishi said...

Surprise Punjabi Bhangra

http://www.youtube.com/watch?v=FgjIESc6WEM&feature=related

suresh said...

n-s h3/h4 is @ 5371/5385
and l3/l4 @ 5343/5330

suresh said...
This comment has been removed by the author.
Amol Sharma said...

Dr sir

Really Surprised !

Ilango said...

@ Pankaj,

When Nifty is in an "Inching up mode", it could cling on to channel top and travel.

Notice the narrow channel at the top.

Prakash-Pol said...

Today we may see the 2.30 effect

Prince said...

Master any conservative short trade????????

Ilango said...

Missing 5379 by one point.

Nifty scales the previous high of 5349...and pause...for the next 5379(EOD)

SAM said...

Take a bow master ....

saptharshi said...

@Prakash-pol what is effect down or up?

Ilango said...

@ Prince,

Only aggressive shorts, the reason being(as shriram pointed out), weekly channel resistance connecting 6339 & 5630 and minor -ve div in Hour charts.

shriram said...

Ilango ji,

It dint work today for me sir, 20pts was too tight a SL :-(

If we close like this continually > DhIEMA, looks a buy on dips market now ...

Prince said...

Master thanks shorted very small quantity will short more with confidence when Master will reverse the conservative trade....

sandeep said...

request pl donot predict cause some new hands take posn

Ilango said...

@ Prince,

It is also worthwhile to remember here that this current upmove from 5165 has had only 24 points corrections along the way.

Such trades aren't risk-reward worthy.

Presently, at best, one could do some intraday trades only. The flat correction from 5361 produced only 23 points in the opening session.

Hence, keep the expectations low in such trades with tsl.

Ilango said...

@ shriram,

In a trending market, the intra corrections are brief. The shallowness suggests of underlying strength.

Only when the close prices signal "sell", it is likely to produce some gains. Even then there could be whipsaws in follow up.

The current set up is clearly a trend up in all T/F.

shriram said...

ilango ji,

v true... I was aware of the risk & was breaking my own rule of going against 5DEMA,

actually thats y asked u first thing today morn (for some mental reassurance prolly) .

In the end, objective analysis -->
Fell prey to the lure of scalping , i guess :-)

shriram said...

even so.. just to clarify the ENTRY was SYSTEMATIC

HrhiEMA @ 13:00 hrs had triggered a SELL..

Ilango said...

@ shriram,

For intraday trading, I would prefer resistances/ supports better.

anmpatel said...

@sanjayji
waiting for 2nd tgt of M&M 736. as upper bollinger band touched at 728. so can we carry rest for tomorrow for tgt of 736. what will be other tgt after 736 on positional basis. thanks.

skmishra said...

Good afternoon! perhaps the bull coat needs a laundry wash (become dirty with high speed drive) and so better to remain dressless for now, will use that upon getting back from laundry...

Prakash-Pol said...

@ Saptharshi

Because of profit booking area(5379) expected
a 20-30 point down move. that's it.

shriram said...

@ ilango ji,

Will commit this to memmory , now for any intra-day plays

Thank u for today's wisdom :-)

Prakash-Pol said...

Though nifty slided about 30 points from day top
there is no much effect in it.

Prabakar said...

NIFTY OPTIDX Open Interest at 3 -> CLICK HERE

Pankaj said...

Thanks Ilango Sir, I think after some retracement, it will go on to meet next resistance at 5440(calculated by fibonacci projection).

Nilesh said...

first time two hour lows broken

Anil said...

@Nilesh

also, first tme hour low ema broken even for intraday, since the rally from 3rd august when prices crosses above hour low ema of 5183 at 12:40 pm, since then hour low ema was holding prices...

Dhirendra said...

Nifty is all set to create shooting star on closing basis, which is mouth watering opportunity for bears. Pls verify the same with JNSAR

Nilesh Deshpande said...

Has the hourly JNSAR triggered on the sell side?

shriram said...

hahaha..Nifty ki mahima dekho

and this was the move i was gunning for all day!!

never mind, there was some learning fee paid today :-)

Bye everyone, tc !

Anil said...

I m talking about this one...

http://imageshack.us/photo/my-images/832/nifty5min1.png/

suresh said...

ns my tgt ia 5325

sandeep bhoite said...

@ MASTER

5335 was resistance in previous fall its ((DHEMA + 20 )price pause near that is this good re entry for buy or wait for more correction till 5305 near ( DEMA ),,

Arun kumar sharma said...

Llango sir
can i go long at 5335 now or wait for tomorrow.
pls reply i m waiting
thanku

ELECTROCRAFT SYSTEMS said...

gravestone doji at top of resistance. follow up required tomorrow. 5400 CE 79 lakhs open interst whereas 5400 PE only 26 lakhs.

Nifty Simba said...

Bulls are in for a very rude shock.......in the coming days.......

Ilango said...

@ sandeep bhoite,

A bit more down would complete a 5. I would wait.

Atharva said...

@ Anilji : Hello!! Can I ask you one qtn???

SANPOT said...

Ilango Sir, has the expanded flat of 'c' of "B" ended at 5378 with the "C" starting down?

Nilesh Deshpande said...

@Ilango Sir,

Has the Hourly JNSAR triggered on sell side after breach of 5340?

Amol Sharma said...

Google Doogle I manage only 14 high score.

is it better ?

5300 PE also added very good amount of OI.

nileshwar said...

Ashok Kumar Sharma, nifty 5300PE did give a chance to pick up below 48 today, now wait for a target of 150 in just 10 trading days.

ELECTROCRAFT SYSTEMS said...

Hats off to you Ilango sir for 5379

Nilesh Deshpande said...

Also how would you evaluate the gravestone doji that is forming as of now?

Anil said...

@Atharava

yes..why not...

Ilango said...

@ SANPOT ,

Such a reversal would show in technicals as "weakening factors". No such observations are available presently.

It is a ST correction only.

sandeep bhoite said...

@ MASTER

thanks for reply ,, :)

Atharva said...

Anilji : how to draw hema on 5tf chart , I am using SK..do we have to set 60 ema H and L on charts.. thanking you...

SANPOT said...

Ilango sir, your resistances and supports are too accurate...Hats off to you Sir.

Anil said...

@Atharava

SK means sharekhan na...no its not possible to draw it on tradetiger..i m using on metastock...

SANPOT said...

Closed above today's Pivot.

Prakash-Pol said...

Moved down from 5377 to 5331. Hourly sell triggered. May be correction.
Nifty needs support of the Global market to go either down or up. Now Global cues would give direction tomorrow morning.

Amol Sharma said...

Not reversal still no sign.

Atharva said...

anilji : yes SK : share khan ,,I tried it just before your reply..Getting same results...thanks I liked your idea of using 60 ema on shorter TF..Thanks once again

suresh said...

one can get 5ema-c/h/l on SK-ANY TF

Amol Sharma said...

google doogle 27 score


Bye have a nice time ahead !

Anil said...

@Atharva

how its possible on TT, plz recheck it..you cant plot hourly high-low emas on 5 min chart in TT...plz recheck it before using it that way...

Post a Comment