Thursday, August 23, 2012

Nifty stalling near the 80% point of last fall(5630-4770)

Nifty is within the Day Channel.
Trend followers would continue with last pivot low 5342.
It would be interesting to look for OI changes as well as FII's data for the day.
What was witnessed today is the Hour T/F weakening, though by EOD, it held well above HLEma.
First support @ 5395, followed by twin opening low of 5368.

14 comments:

virendra said...

it is good to trade according to ur table

Smita said...

Sir kindly update the TA file for the day .
Thanks for adding the EW lables.

kind rgds

SAM said...

Long wait finally over :) thanks for adding Elliott wave count sir

IamthtIam said...

Dear Master,
Since two day I am unable to dowload the TA files. the following error is being displayed
type Exception report

message

description The server encountered an internal error () that prevented it from fulfilling this request.

exception

java.lang.NullPointerException


note The full stack trace of the root cause is available in the Apache Tomcat/6.0.16 logs.

Please let me know if I have to make any settings.

ITradeForProfit Daily said...

@Master

FII +311.79 Cr

DII -161.1 Cr

in cash market

SANPOT said...

Good Evening Ilango sir. Fii's net purchase today is of 311.79cr. But they have sold Nifty Fut and Stock Fut and Bought Nifty Options and Stock Options most probably Puts that is just my guess.

Waquar said...

@ vivek thanks for sharing the link, mast timepass game hai :D

SANPOT said...

Sir among the indices the major gainers were the I.T, TECH and FMCG while the losers were Oil&Gas, Auto and Capital Goods.

Parimal said...

On day chart BankNifty has formed a contracting triangle

Dinesh Rishi said...

Parimal

all the MA converged & MACD saying NTZ (No trading zone)

let the mkt show its cards (1 or 2 whips may come) but be on right side with help of JNSAR and strict SL of 50 bugs

1000 points move is expected in BN (25X1000= Moja hi moja)

trend reversal or continuation of trend I dont know

this expiry bears are in slight pain

http://chartfeed.icharts.in/ShowChart.php?symbol=BANKNIFTY&uind1=SMA&uind1_param=5&uind2=SMA&uind2_param=21&uind3=SMA&uind3_param=50&lind1=MACD&lind1_param=12,26,9

Parimal said...

My Dear DR
thanks for your kind note on BN. MACD histogram is yet to move above the centre-line to show clear bullish bias. Stochastic is slightly upturning while RSI downturning-- all on day chart. Nifty has shown negative divergence on hr. as well as day chart. but FIIs are buying at lower levels while DIIs are selling at higher (resistance) levels. as you have correctly said, better to stay with JNSAR.
thanks and regards

Sudhakar said...

Dear Ilango

Please post JNSAR levels for Nifty Midcap 50 because it is not available since 23-08-2012.

Thanks and Regards

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