Wednesday, October 10, 2012

Nifty Intraday Update-II


84 comments:

rajapvt said...

@TP Nifty: Spot or future price?

rajapvt said...

Very boring, bears achieved hardly 40 points so far,,,

Theory and Practical on Nifty said...

NIFTY SPOT 5616
I only analyse Spot

rajapvt said...

5700 PE @80 again bulk order, underlying bullishness indication?

STOCK4SURE said...

major fire at BHEL factory

source:sms
not confirmed yet

Dr Dinesh said...

NS below 13DEma. Whether Support2 will act or price may cross 21DEma?
Bought 10 lots of 5000PE OCT series.
Any suggestions frnds?

rajapvt said...

Dr Dinesh: What price you bought?

Dr Dinesh said...

@rajapvt
@1.60
I am new n just trying to trade, as per JNSAR.

mynac said...

Afternoon Everybody...
Dear rajapvt,
I was not available @ the time of that 117 sellers trade for 5700 PE who were standing in Que for 80..nevertheless let me tell you some extra information that THIS 80 is very crucial for Bulls cause,this put has come down,from 80 to 31 when Nifty went up after expiry up to 5815...so crossing and trading above 80 will be first indication of bigger correction...Let us see..

rajapvt said...

As per JNSAR, we are only short side but no rule/guideline says to go for OTM Puts. Can you please share some insight of the rule/ guideline if I missed in reading JNSAR.

rajapvt said...

Yes Mynac, this is what I noticed the correction from 80 to damn 3x, and my belief is that the people who bought near 40 area, might have booked their doubled capital. :P

rajapvt said...

Bulls taking control?

rajapvt said...

all the shorts are absorbed, expect some upmove

mynac said...

Dear rajapvt,
Just double is not enough is my understanding..cause if I would have had bought it,then would like to wait for some bigger profit..i.e. atleast 3-4 times...:)cause it's with JNSAR... and no doubt that Bulls would try very much hard to save their positions..

rajapvt said...

Bears stoploss getting hit,,,

Dr Dinesh said...

@rajapvt
Pls correct if i am wrong.
If NS crosses the JNSAR, we go SHORT.
On that basis, NS may fall, so I preferred to buy a PUT option. The strike of 5000 is selected coz, as i said earlier I am new to trading, so to limit risk of losing. Whether it is OTM or ATM, once the NS falls there shall be changes in the price of any strike value.

Readers plz excuse me if I am making the worst blunder. I request ur opinion to correct myself.

rajapvt said...

@Dr Dinesh: As per your risk level, please do trades.

Dr Dinesh said...

@rajapvt
I am just practicing JNSAR trade in options. If JNSAR indicates short, is there any wrong in going OTM puts?
I sincerely appreciate ur reply.

Sweta said...

Resp sir,
If RSI not entered in oversold zone and +ve divg done then what does it indicates?

rajapvt said...

@Dr Dinsh: Nothing wrong, but JNSAR trading is more for the Nifty Future but not recommending (by master) for options as premium in options also have time component which erode over time.

Sujatha said...

Dr. Dinesh - "NS below 13DEma . Bought 10 lots of 5000PE OCT series."??? 600 pnts v r abv from that huh..do u think fall will come severely??

superbly spotted the EMA very valuable one..but how u know that it will break and come down??? becoz of "downtrend"??? y u r not considering that "it's taking support there?? what is the basics?? time permits.. and watchout no hourly closing is below your EMA.

No wonder EOD closing comes to 694/703/711 if at all this is a "correction" in this uptrend. lt us see. need "patienceeeeeeeeeeeeee" at OS and OB market.




Dinesh Rishi said...

Dr Dinesh

5000PE OCT series is deep OTM

one should trade at the money options

5000 PE if you want to hold till expiry profit will start only if Nifty trades below 5000

=============
Dr Dinesh said...
@rajapvt
@1.60
I am new n just trying to trade, as per JNSAR.
============
Trade Nifty Fut only if you want to trade as per JNSAR

univesh said...

Dr Dinesh, my suggestion would be to trade in one lot of mini-nifty till the time you get a feel of the market and start understanding some of the basics.

ravi said...

@Dr Dinesh, there is no use in trading 5000 puts when nifty is 600 points away. I used to trade like that when i started and lost a lot. My sincere advise don't touch options for sake of earning. Instead follow jnsar and make money.

Dr Dinesh said...

If in case, I go for a nxt month or far month series contract based on the JNSAR DAILY data, is there any possibility to reach the target.

mynac said...

Probably this is the reason behind sharp recovery..
http://www.ndtv.com/article/india/mayawati-explains-bsp-stand-on-support-to-government-highlights-277767

DKG said...

@ rajapvt

Shant gadhadhari shant !!

Sanjay Jaiswal said...

Dear Ilango Sir & Blogmates,

OI Table Update at 1:00 PM, VAH:5745, POC-5726, VAL-5707, WPOC:5761, Pivot:5726, S1:5695, VWAP:5693

The 5700PE Writers though in a spot of bother, but still holding on. The 5700CE writers are on overdrive adding huge 10.27 till now. A close above 5700 Spot for the day looks improbable but not impossible…

Thanks & Regards

Dr Dinesh said...

TanQ frnds 4 ur timely reply n suggestions.

univesh said...

Dr Dinesh, Many seniors have already advised not to trade in options. Use mini-nifty for now. Next series and Far month series lack the volatility.

I sincerely hope you don't have to learn these lessons the hard way. It's REAL money you are betting here!

Vineet Kumar said...

@ Master
Sir was it bullish harami candlestick yesterday ?

rajapvt said...

Bulls find a reason to hold market,,, :-)

rajapvt said...

Profit booking at higher level is eventual,,,

nifty rider said...

HOW TO IDENTIFY DIFFERENT CITIZENS OF INDIA

Scenario 1:
Two guys are fighting and a third guy
comes along, sees them and walks on. That's
MUMBAI

----------------------------------------
Scenario 2:
Two guys are fighting.
A crowd gathers to watch.
A guy comes along and quietly opens a Chai-stall.
That's AHMEDABAD
----------------------------------------
Scenario 3:
Two guys are fighting and a third guy comes.
He writes a software program to stop the fight.
But the fight doesn't stop because of a virus in the program.
That's BANGALORE
----------------------------------------
Scenario 4:
Two guys are fighting.
A crowd gathers to watch.
A guy comes along and quietly
says that "AMMA" doesn't like all this nonsense.
Peace settles in....
That's CHENNAI
----------------------------------------
Scenario 5:
Two guys are fighting and a third guy comes along, then a fourth and they start arguing about who's right.
You are in KOLKATA
----------------------------------------
Scenario 6:
Two guys are fighting.
Third guy comes
from nearby house and says, "don't fight in front of my place, go zumwhere else and keep fighting".
That's KERALA ----------------------------------------
Scenario 7:
Two guys are fighting.
Third guy comes along with a carton of beer.
All sit together drinking beer and abusing each other and all go home as
friends.
You are in GOA
----------------------------------------
Scenario 8:
Two guys are fighting.
Both of them take time out and call their friends on their mobiles.
Now 50 guys are fighting.
You are definitely in PUNJAB !!! ----------------------------------------
Scenario 9:
Two guys are fighting and a third guy comes along and tries to make peace. The first two get together and beat him up.
That's DELHI

Nilesh Patil said...

@mynacbhau,
Bakara kab tak khair manayega

STOCK4SURE said...

confluence of 13 and 34 ema in 5 min charts at 5672 may lend some support

Prakash Sharma said...

Nifty rider Scenario 9 is correct upto Delhi

rajapvt said...

No force in 5700 PE @80 now,,, all going smooth, bears taken upper hand

mynac said...

Dear Nilesh Patil,
Bulls are trying the following to save Nifty..:)
http://josuenieves.hubpages.com/hub/Heart-attack-emergency-first-aid

Let us see whether this first aid will help patient or not ?

Parimal said...

rise was for a sharp fall

rajapvt said...

5700 PE writers covering their shorts,,, Enjoy bears... JNSAR Team: Cheers!!!!

Dinesh Rishi said...

Study and identify Descending Triangle

STOCK4SURE said...

ns 5 min charts forming a channel of near 30 points
break of 5655 and 5690 may give 25-30 points in that direction

rajapvt said...

@Dear Mynac ji, Hit 535x in the downtrend and then we see bulls can aid or not. As of now, Rest of the people ignore this message.

mynac said...

Dear rajapvt,
I have literally no idea about that type of target/s,probably,Mayavati,Mulayam would have best idea about that target:)

Parimal said...

Dear DR
i see it as a falling wedge. i may be wrong also

mynac said...

15 lac addition in NF up to 1.25 PM,when Nifty trading down..

Dinesh Rishi said...

Parimal

which 2 lower points you are taking for drawing
line (Dt plz)

rajapvt said...

@Mynac: What does it indicates?

Ilango said...

There are +ve divergences in Hour charts-Rsi, fast macd.

If prices drop a little more and stop around S2-5653 and hold above last pivot low of 5640, a ST bounce is possible.

Only concern is the huge 5700CE writing.

Daily, reaching oversold region, could find a ST bottom either today or tomorrow.

Stockathon said...

Dear Mynac,

5700PE has gone above 80 as per your analysis.
Can this move NS towards 5600 ?

Parimal said...

On Daily chart, NF is near middle BB

mynac said...

Dear rajapvt,
Generally it favors sellers,when correction goes on...

parminder said...

Dr sir i also see the same and the points are 5728 and 5697 in hourly future

nifty rider said...

can anybody sees rounding top pattern in 1 min time frame......

DZIRE said...

Master what is the RSI reading in Daily charts presently ?

Ilango said...

@ DZIRE,

9 day rsi @ 52.3

Parimal said...

Dear DR
i am taking 5690 and 5677 (latest) of NF on hrly
regards

Raghavendra said...

Master,

Google 2 mins chart : Does the action from 11:40 AM till now, resemble a H n S pattern ?..waiting for break down ?

Raghavendra

Atharva said...

stock4sure @ sir + ww formed in NF considering fridays low as pt 1..Kindly confirm thanking you

DZIRE said...

Thanks Sir.

Need more clarity on following line posted few minutes back
" Daily, reaching oversold region, could find a ST bottom either today or tomorrow. "

Sir in Daily charts what all indicators are suggesting we are approaching oversold zone ?

Sweta said...

Where is the link for "Beginners". Or from where I can read about MACD,RSI,STOCHASTICS?

Parimal said...

CNX Midcap badly beaten down by more than 1%. bad for bulls

Parimal said...

Sweta
right side above "always start trading with these"

AJIT PATIL said...

sgxnifty dow fut live ( - 90 )

Sweta said...

@Parimal
Thanks.
But I want to study MACD,RSI,STOCHASTICS. then?

Atharva said...

stock4sure@ i mean day low of 8th oct..i.e. monday sorry not friday

Dinesh Rishi said...

http://stockcharts.com/help/doku.php?id=chart_school:chart_analysis:chart_patterns:descending_triangle_

Atharva said...

Will this time whipsaw for PSC ??? or it will not break..

Ilango said...

@ Raghavendra,

You are right about the sideways price action in intraday charts. There is an attempt to hold Nifty above 5660 but the follow up buying isn't emerging.

Break would embolden bears.

Suresh Nifty said...

@ Ilango Master,Mynac Ji
Good Afternoon

PCR
Open Interest/Volume
VIX

are you also using the above analysis for trading..or only price based technical indicator...

is it useful to learn sir...?

Dinesh Rishi said...

Plz note: Patterns are more reliable on EOD or weekly charts

sandeep bhoite said...

@ म्य्नाक

ती मायावती madam तरी कशाला सुप्पोर्त काढून घेयील कॉंग्रेस ने सेबये नवाचे छोटे पिल्लू तिच्या मागावर आधीच सोडून दिले आहे. त्यामुले तिचे पण काही त्या पिल्लू सारखे झाले आहे . चावता पण येत नाही आणि भूकता पण येत नाही

Ilango said...

@ DZIRE,

When Week TA is in uptrend and day TA is correcting & reaches oversold region(Lead indicator reaching below 20 today), there is a possibility "either of a reversal" or "a pause in corrective fall".

For this to haoppen, week trend should remain "UP" and the prices should close above DEma as a reversal in day T/F.

Sujatha said...

rajapvt - mm..lot of "steps" r there inbetween for your levels = like 5625/5580/460 "very much tug of war gng on with bull Vs Bears" :) but bouncing from here means...expecting a sharp one expiry week is a "truncated week'

Parimal said...

Sweta
you may also go to 'Labels"
'reading oscillators' on the right side

Sweta said...

Thank you Sir,
Thank you Parimal.

DKG said...

Another THUND THUND...

Raghavendra said...

Thanks Master & DR sir for a prompt response.

Parimal said...

5600 is within short range

Atharva said...

3 more to break PSC 5649.5

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