Wednesday, October 17, 2012

Nifty Intraday Update-I

"5684" is the 61.8% retrace, the golden ratio, of 5714 to 5636 fall. "5698" is 80%

96 comments:

Dinesh Rishi said...

anmpatel ji

will try on weekend :D

Prabakar said...

NIFTY OPTIDX Open Interest at 10 -> CLICK HERE

anmpatel said...

@DR
if works on one try on second also the key will work. it was for 3 pc.


@all
this hour HA open is 5676.66

bb said...

Ilango your views on Airtel please

Dinesh Rishi said...

TT 2.4

users now you need not to select ur
Layout and press load

you can save your setting and whenever you login
it will automatically load it

go to

Setting
user settings
General
default layout

Browse & select ur layout

STOCK4SURE said...

seems aaj ka bhi gap close karenge

mynac said...

Good Morning Everybody

gauresh59 said...

DR sir,

is it possible to change the colour of Avg(...) shown at the top as per the lines of colour..? At present all averages are shown in white

Prabakar said...

Good Morning Dear Mynac..

Dinesh Rishi said...

gauresh59 ji

I also want them to be in the same colour as they
appear at right side of chart (Shift+D)

once i wrote them, they rang me but I was busy so could not explain them

Plz write them, hope they implement it

parminder said...

Mynac ji,
Good morning
☺☺

anmpatel said...

@mynac
kuch laye ho...bears like honey...

root said...

sir
all are aligned bearish. here is a alt ew view.
5217 to 5815 if we can count 5 waves timewise we have spent 38.2% till yesterday. as per neowave 3rd extended waves could end corretion at 38.2% time or price wise or both. Also the correction will be till wave 4 and could end there at 5635 ish.
Looking at the support of that level yesterday and twice in this ongoing correction, sir things may turn bullish in favour of ur scenario.
it is darkest just before the break of dawn.

please comment on this sir to clarify the time aspect of ew if u feel that it is worth considering

Dinesh Rishi said...

gauresh59

जहाँ चाह वहां राहा

tell them they will implement

Avanthika Reddy said...

ತಿರು ಇಳಂಗೋ,
ಹೇಗಿದ್ಧಿಯ?

Sir I have booked my shorts here made 25 points net. Thanks :)

gauresh59 said...

DR sir,

Ok.....will write them

root said...

correction
Looking at the support of that level yesterday and twice in this ongoing correction, sir things may turn bullish in favour of ur scenario .
read as
Looking at the support of that level yesterday and twice in this ongoing correction, sir things may turn bullish in favour of ur scenario 3.

gauresh59 said...

Dr sir,

I think if more and more users will demand for such modification, they may implement the change.....please request all users to write to SSKI for such change ...

STOCK4SURE said...

5648ns
yaha buy banta haikya for 5665ns

Prabakar said...

Dear Mynac,

your view on 55,56,5700 PE will be helpful. 16 lac addition on 5500 PE giving Bullish view.

As per HVT, NS resistance at 5678.4 to 5684.35..

STOCK4SURE said...

ns in red
gap closed

Ilango said...

@ root,

There are many possible corrective patterns within this 5715 to 5635.

I have found 9 day rsi quite useful in assessing the weakness/ strength.

It has often given -ve divergences as well as + ve div besides the usual overbought & oversold conditions. One could exploit it to maximise gains in positional trades.

Let our TT suggest a trend reversal or the 9 rsi day chart....till then "Sell on rises" continues. Today too 61.8%, the middle point of our "Pre-Market resistance @ 5675-93 came @ 5684".

Prithvi Yashashvi said...

@Master,

If NS break 5635 than is final wave c scenerio start up to 5610 or 5550????

Please suggest

Kiran said...

Avanthika,

I think you have mistaken this blog for "Winning more points".. We are here for Learn and Trade...

Avanthika Reddy said...

So it means we could sell again around 5675 - 5693. Thanks :)

mynac said...

Dear Prabakar,parminder and anm Ji...very GM,
Yesterday's EOD looks me interesting because after so many days/weeks/months later FII found "Buyer." So if the situation remains like yesterday i.e. FII seller and DII buyer) from here onwards or inbetween then real tussle would start..

Probably Today's data would throw some more light on it...because up to yesterday it was one sided game...but the real excitement starts only then,when another party jumps in...so let us see..

Avanthika Reddy said...

Kiran,

It has taken a Genius like Thiru Ilango 20 years to learn the nitty gritties of this trade. With my kind of intelligence I could take 50 years..so I am just happy to trade on his advice and make money...you could devote next 1000 years to learning.. BTW are you from panjab?

root said...

sir
thanks for taking time to answer.
i agree totally that there are many counts possible in ew for the fifer that rose from the ashes of the bear market.
but sir i wanted to know from u how we could interpret the time taken for a correction. put in another way is time correction enough to compensate for price not correcting enough was my musing.

A J said...

@DR ji
"users now you need not to select ur
Layout and press load"

This feature is quite old and also available for other versions, ever since I started with them(1.5 years almost)

@Ilango ji

Q) Is there a better system than JNSAR?
A) Yes, "Jijaji" has got a holy grail system. Performance report below :D

"In March 2008, less than a month after the land was bought, Mr Vadra got licence for housing project on Manesar land. Within 65 days, DLF bought the land from Mr Vadra, paying him Rs. 58 crore, an escalation of eight times."

http://www.ndtv.com/article/india/dlf-vadra-deal-signs-of-huge-favours-from-haryana-government-280339

Sujatha said...

GM sir and friends :)

Prabakar - அழகாய் இருக்கிறாய் அதனால் பயமாய் இருக்கிறது hehe lolz:) கண்ணா சில பேர் சொன்னா திருந்துவாங்க சில பேர் பட்டாதான் திருந்துவாங்க அது சரி யாருக்கு இது??? Mr. 71/2 @ "44"

anmpatel said...

@master
can we use trendline to any indicator also? like i develop HAdiffCO if is simple HAopen-HAclose..
have a look in free time and help. i posted it on our google JNGROUP. thanks.

Sanjay Jaiswal said...

Dear Ilango Sir & Blogmates,

OI Table Update at 1:00 PM, VAH:5715, POC-5683, VAL-5651, WVAL:5669, Pivot:5674, VWAP:5674

Huge addition seen at lower levels PE, seems like Bulls have accepted defeat and now fortifying 5600 and lower levels. Whereas 5700CE Writers are adding on and now OI is above 74 lacs…

Thanks & Regards

Ilango said...

@ root,

Most of the corrections during the 5216 to 5815 rise have been of "shallower kind".

Even the current correction is yet to reach the 38% @ 5587.

We have no knowledge of "how it could pan out". Let us follow.

Yes. There are occasions market has spent a lot of time staying sideways, thereby consuming more time than price drops to complete a correction.

"Too much talk of correction" would distract us from the bigger picture.

Dinesh Rishi said...
This comment has been removed by the author.
STOCK4SURE said...

sir,
T/L and a probable developing bullish WW pattern indicating a dip towards 5620-25 is possible today near 1.30pm and then a sharp upmove towards 5710 till 10am tommorow
is is matching with any EW pattern??

Avanthika Reddy said...

Look now people from Pakisthan would moderate the blog...

anmpatel said...

HA open for this hour is 5667.76 high-open same as last hour. HA diffco is moving on -ve side, fail to cross '0' at this moment.

Vineet Kumar said...

@ Mynac Ji
It is very simple game of gore (FIIs) and kale (DIIs).
Gora bechega kala kharidega, gora kharidega kala bechega but not vice versa.

Dinesh Rishi said...

Now your motto of visiting here is clear

DZIRE said...

@ AR

If that is the case then come on this blog in the morning read pre market view & go away from here rather than showing your degree of mind usage in your posts.

Avanthika Reddy said...

Pakisthani people have motto but lack decency of dealing with women, look what your brothers have done to a 14 year girl... don't try to get even with us, go back to the place you belong, GO BACK

A J said...

@Mynac
Trying to learn Marathi, can we use this video for "DR ji" state of mind?

http://www.youtube.com/watch?v=mwzkmYcJFYs

Lakhbinder Singh said...
This comment has been removed by the author.
root said...

sir
in my learning ew ,the beautiful aspect of time is what i found is the most neglected and considered unimportant. ew hardly ever recognises it neowave devotes maybe 5 % of its discussion.
sir
someday in your writeups please consider the implications of time and its relevence to ew.
FUNNY IF A CHART IS ROTATED 90 DEGREES TIME TAKES THE X AXIS AND PRICE THE Y.
sorry for taking so much space and TIME!!

Ilango said...

@ anmpatel ,

It is upto our imagination to reach out to the "unchartered area". Have it simple.

More indicators have been discovered/ invented and this process will continue.

I'm happy with the oldest macd/rsi/stochastics with classical settings. If I can't make money with these, I'll never be able to make with anything.

My critic uses just "support & resistances" only.

And the other citic uses "macd" & "a chart showing just the averages without the price line".

Their grasp of the market is always an amazing one.

STOCK4SURE said...

5500pe nov high is 55

cmp 40

where ns is just 10pts up from day lows

other pe of nov series are near their highs only

manojag said...

Not if the "WOMEN" is Renuka Choudhary:-))

Sujatha said...

Avanthika madam - wat is the problem for you with others??? If u don't like anybody's post "except Mr. Ilango's" then fine..but wat is the reason to hate others?? just skip all the posts read his posts and pocket something...and remember 75 to 85% of the people r very seniors and experienced persons in life, market and age.

PS : Don;t forget to post :your failures" too madam never even seen a "single person" who's earning alwayssssssssssssss tks n advance.

Prabakar said...

achcho kalaileye kelambitangale?!!

Sujatha, Dayavu seithu yaarainu sollindungo, en vittukarramma karandiyoda thayara irrukanga...

ippadi maattividay room pottu yosipongalo!!!! :)

Prakash Sharma said...

Good Morning Ilango Sir, Sanjay sir, DR sir and other FRIENDLY traders.

AJ
Jijaji system looks best but we could not "use" that. Loooooooolllllz

satheesh said...

S4S,

Can you post the co-ordinates of the ww pattern and the TF you are watching?. I had been asking for it earlier too. Just for learning more about the pattern.

Ilango said...

@ STOCK4SURE ,

The bounce is possible after a dip but the OI data & TA don't suggest such a sharp reversal yet.

To complete a 5 waves from the morning high, a new low is possible. Then we keep a retrace for that fall to "sell again".

Praveen Kumar said...
This comment has been removed by the author.
Ilango said...

@ STOCK4SURE ,

If the fall limits to this current low of 5645, then it becomes a 3 wave which could mean a rise to day's high+ to complete a "bounce".

Avanthika Reddy said...

Sujatha,

I just follow Thiru Ilango's pre-market update, and doing so for last couple of weeks or so. Would surely report if I made loss, if that is what would make me seem a true, "daughter of the land". Moreover I have never addressed anyne except Thiru Ilango, and I don't understand much what they are talking about, I just want to keep making money, and I know there is no one better than Master Himself, at least no one across Vindhyas!! Thanks have to rush to Book Bank now

mynac said...

Dear Prabakar,
I would like to watch 5700 PE only cause unless and until Nifty is trading above 5600,the downward PE addition has not that kind of importance because,it shall be considered as base for series & if there will be any fall during day course then also it would not help for further direction,due to price reduction in it due to time decay factor..
DLEMA -DHEMA and JNSAR has come so closer to each other that,if the situation shall remain as it is where it is for some more days then these days shall be declared as consolidation...and Bulls may try their another attempt...

Prabakar said...

Thanks Dear Mynac. It is always a great learning from your views and explanation.

Pankaj said...

NIFTYNINDIA is back in the face of Avantika Readdy. The same ghost keeps appearing after sometime with a different face, name and picture!

Nifty Simba said...

'Whenever Bulls take more than usual time to cross well defined pivots---Bears jump in'.......Ilango sir 's quote.......Today the same seems to be happening .Bulls not able to take out 11370--75 Bank Nifty convincingly..this is good news for bears

Pankaj said...

And this time he has even changed his sex! Lolz!!!!!!!!

Nifty Simba said...

295----260 target for Bank Nifty

Parimal said...

Anybody has any good idea about how markets will be affected by exit of Vikram Pandit from Citi. he turned Citi around.
kindly throw some light, please

Kranti said...

Everyday there is something to learn & understand from Ilango.. ' Literally ' mind blowing..

The reply to anmpatel was gem of a learning for me today..How to keep things simple and apply it consistently

Thank you Ilango Sir.. Your blog is so enriching..

anmpatel said...

@master
where could be the 5th approx? can give some idea to partbook..
thanks.

Kranti said...

Parimal . I have spent enough time in corporates to understand onething.. nothing will happen when someone like Vikram pandit leaves.. Often people leave when they no longer fit the new scheme of things..Reasons given to market are just pretensions.. Infosys would not have survived when Phaneesh left, if just few individuals only matter...Corporates survive as long as their Vision and product/service potential is in place..

root said...

sir the long drawn battle for the 30 50 band is being fought bitterly . 4 touch downs.
from 29/9 to 17 /10 !!
today is the verdict? !!
bears have the trend of price the y axis
bulls have the time the x axis.
let the fight begin!!

parminder said...

Google charts not updating

Manish said...

Dear Pam

Try this www.pure-profits.blogspot.in in case google finance charts not working.

Pankaj said...

As google charts not working...use this...http://in.finance.yahoo.com/q/bc?s=%5ENSEI&t=1d&l=on&z=l&q=c&c=

Ilango said...

@ anmpatel ,

Nifty has bounced off 5637 & 5636 on two occasions. And if you take the low of 5640 before the rally to 5815, it makes it 3 occasions.

Hence, it could hold around 5635 and do a small bounce. Since the bounces have been weak off 5635, it may break eventually to lead to 5540-70 zone.

Parimal said...

Kranti
i have seen (and still seeing) corporates. people at the helm 'think' they are inevitable. it is not right thinking.
just got carried away by TV.

Dinesh Rishi said...
This comment has been removed by the author.
STOCK4SURE said...

Thanks sir

@sateeshji
oct 15th low near 5645 is pt 1
5714 is pt 2
5636(yesterdays low) is pt 3
today high 5684 is 4
expecting a lower low near 5625 as 5 and pt 6 trgt price comes near 5710

NIFTYNINDIA said...

PANKAJ......control yourself......you cannot blame the person without any grounds...though I left blog it dosent mean that I will not defend charges on me......its none of your business.....

AJIT PATIL said...

yes,google charts are not working.

anmpatel said...

@master
thanks. i just need sit tight is the only way!!!

Kranti said...

Parimal

In this specific case ' failure to get regulators approve plans to improve shareholders pay puts ' ..too much.. and his name was gone from Citigroup's website. So quickly someone who built the company get decimated.. typical of corporates.. At a much lower level it happened to me also..I can feel how it is

NIFTYNINDIA said...

and to blame the person in his absence is not decency....

Prithvi Yashashvi said...

Corrective wave 4 always make me in loss.

Now i never play corrective wave.

Sourav Kundu said...

My observation... jyada se jyada tu tu main main tabhi hoti hai jub humari pyari nifty consolidate kar rahi hai.

Dinesh Rishi said...

Google charts updating now

http://www.google.com/finance?cid=207437

bizagra said...

Ilango sir..from morning highs..4th wave entered 1st wave...sud we b flexible in small time frames??thx

Parimal said...

Kranti
you are right. corporate world is heartless, people are insensitive, machine-like and brazen.

satheesh said...

Thanks S4S. I shall mark it on charts and follow. Please for learning sake - henceforth do give the co-ordinates - along with TF. It would help a LOT. Thanks again :)

nifty rider said...



top

rounding we

a are
going
this
downward
is

anmpatel said...

this hour HA open is 5659.5.
open-high same as last hour.

Dinesh Rishi said...

Double Top on NF 60 mint chart

"M" pattern

ani said...

Any view on ZEEL?

STOCK4SURE said...

with nifty falling 5700ce not getting any big addition in o.I like yesterday
are bears scared today?

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