Monday, October 8, 2012

Nifty Intraday Update-I


48 comments:

Prabakar said...

NIFTY OPTIDX Open Interest at 10 -> CLICK HERE

Kiran said...

Dev JNSAR 5716. Today's low 5719....

Prithvi Yashashvi said...

@Master,

Can we consider 5706 was a wave of 4th wave b was 5755 and c wave contd.???

channasri said...

Good morning Ilango Sir,

Please advise me whether we are at 'b'of abc correction posted by your goodself on Friday.

Best regards

Parimal said...

On hrly chart, RIL price is at the lower BB.

shriram said...

Ilango ji,

if seeing ZZ from 4531, wud lable below be an apt understanding of ur pref. view of wave C ?

C.1 4770 5349 -579
C.2 5349 5216 133 -23.0%
C.3 5216 5815 -599 103.5%

Or do u feel C is done sir ?

mynac said...

Slowly & silently NF premium is vanishing..

Nilesh Patil said...

सुप्रभात मयंक भाऊ

Ilango said...

In the ST, there is weakness crept in the day T/F with a close below DHEma on Friday, though the ST topping was visible at the open on Friday as per our observations earlier.

During Hour T/F weakness, Nifty corrected by 82 to 114 points. It is yet to exceed the 114 from the high of 5815 for the day T/F weakness.

Attempting to get confirmation of corrective sub-waves from me is not a good idea.

Go by your observations.

mynac said...

सुप्रभात Dear Nilesh...:)


Sujatha said...

GM sir and friends :) Sir - thank u for the exact No. of friday.

Grinder "ON" let the atta get ready..take a break -

2 Lovers plan to suicide. Boy jumped first, Girl closed her eyes & return back saying love is blind. Boy in air opened his parachute saying love never dies!!!

A sardarji Doctor falls in Love with a Nurse.He writes a love letter to the Nurse :- I Love U sister....

channasri said...

@ Ilango Sir,

Many thanks to you.

Best regards

Ilango said...

@shriram,

Because the fall from 6339 to 4531 was of a 3-wave nature, the bounce could move higher.

There is an alt. count which suggest that 6339 could be (a) of B and 4531-(b) of B and the current rise could be (c) of B in which case new highs too possible.

Many such possibilities exist and hence we need to allow the price to show more clarity while we continue to play the market with the combination of time frames.

Until weakness is reflected in the higher T/F either with -ve divergences or with closes below Key emas, uptrend could throw some surprises.

Saurabh said...

Ilango Sir.. Infy what will be the targets for the rounding top formation triggered on Friday.. please guide..

Indus said...

@Ilango

Would it be possible for you to let me know the JNSAR for JP Associates? Many thanks

Prithvi Yashashvi said...

@Master,

Thanks for with us.i m live.
Otherwise i m going to die.

Sanjay Jaiswal said...

Dear Ilango Sir & Blogmates,

OI Table Update at 11:00 AM, VAH:5812, POC-5786, VAL-5760, WPOC:5761, Pivot:5788, S1:5721, VWAP:5751

Writing seems evenly matched with a slight edge with the CE writers. 5700 level the key for both the Bulls and the Bears…

Thanks & Regards

Ilango said...

@ Saurabh,

Infy TA file is uploaded.

Rounding top target is around 2350 and breaking that could lead to still lower levels.(2350 less height of rounding top.)

However, manage the trade as per the Tech.table. This is to make sure you don't ignore new prices which could indicate a ST reversal.

Sharp decline possibility emerges when prices continue to stay below Low emas.

Atharva said...

INFY shorts TSL shifted PSC cash 2549..Thanks

AvLeon said...

Dear Master,
I have been following the wealthnifty stock sheet wherein JNSAR for many stocks are given.. In Nifty, we are considering the +/- 20 points difference. But, in case of the stocks, how do we decide the difference for SL as in general?

rajesh stock said...

respected @ILANGO SIR....sir plss tell me in which time frame ORB i use in mcx market...... 15 min /3min/60min

Parimal said...

NS tickling tomorrow's JNSAR (5716)

SAM said...

JNSAR triggered ?

anmpatel said...

@SAM
no today JNSAR is 5703.
you can take JNSAR as 5716 after 3pm.

mynac said...

Nifty may save developing JNSAR today i.e. @ EOD, close would be above 5716,nevertheless reduced NF premium with NF O.I.addition,when Nifty drifting down is not a good sign,Bulls will have to take extra efforts to push Nifty beyond today's top,to keep tghemselves in the game... Let us see...

SAM said...

Thanks @anmpatel :)

Ilango said...

@ AvLeon,

You have to arrive at a reasonable filter for each stock depending on its beta value(Volatility). Generally a 0.2 to 0.3% is considered.

mynac said...

Dear Sanjay Jaiswal,
Though 5700 is key level for Bulls,insted of writing,5700 PE is reducing on intra basis trading..is it a sign of Bulls hesitancy ?

Ilango said...

@ rajesh stock,

I have never traded the MCX market. Hence, I'm not qualified to comment.

The principle of ORB is to capture the "Tussle of bull & Bear" in the opening session. In the stock market, 15 minutes is considered reasonable though it could be flexible by +/- few minutes. Now apply this principle to MCX market.

parminder said...

Master there is a rising wedge in daily charts from the low of 5535 which is broken at the moment
kindly suggest

anmpatel said...

@mynac
you are right dear.
only favour to uptrend in my view is 5700PE positions.
otherwise nifty below today high volume trade 5726, day PIVOT, 5DEMA (inclding 21hr, 34hr sma, open and remain below today HAOPEN 5757 and trading below tom developing HA OPEN 5749, Bank nifty JNSAR triggered short and also trading below it 11424, correction is due in day T/f since long....

anyway market can do anything....at anytime...only hope is how much we can follow it....

mynac said...

As per Dear Nilesh Deshpande's ATR trading system...5714 is the lowest Bye zone point for a day...

DZIRE said...

Nifty Spot Hourly 50EMA @ 5712.

mynac said...

OOPS ,it's highest...
Buy Zone : From 5713.95 to 5697.45 with 5694.15 as S/L.. Typo regret...

Parimal said...

Strong negative bias on RIL and SBI counters.
CNX Midcap is stagnant.

Ilango said...

@ parminder,

Nifty's bounce lasted only upto 50% markt(5761).

It opened @ Wk.pivot-5752 and has been falling.In a complex bounce, it could continue the bounce holding above 5706-5694 zone and then turn down.

Rising wedge pattern generally retraces the entire rise. For that to happen, Nifty needs to break 5694 & 5640. Atleast an attempt would be made to break them.

SAM said...

sir yesterday .. in our Google group i mailed one chart .. is it valid count .....

Atharva said...

Master @ is it a HNS

Nifty Intra said...

Thanks for Nifty Intraday Updates.

Regards: Nifty Alert

Post a Comment