Tuesday, October 9, 2012

Nifty Intraday Update-II


37 comments:

Prabakar said...

NIFTY OPTIDX Open Interest at 12 -> CLICK HERE

shriram said...

Ilango ji,

small EW query

U had hinted ysday that Py Degree ZZ may be ON as
A: 2252-6339
B: 6339-4531
C: 4531-5815** in play to take out prev All time highs

Also, on Friday , u had obsv 5waves done as 5216-5815 = 599 pts
This is similar in length to C.1 : 4770-5349 =579 pts

Putting 2 n 2 together,

Would it be apt to conclude now, that ur pref view is we are in for an Extnd 5th (provided 5530 zone holds) sir ??

Ilango said...

@ shriram,

A flat has the potential to move past 80% mark and in an "irregular flat", it moves past the previous highs too.

These are not my view but what the prices are suggesting as "Potential or possibilities".

As more & more prices unfold in the coming days, week & months, our perception of the market changes.

The above is one of the many possibilities as per certain studies.

"Figuring out a corrective phase" is a challenging one and one needs to be flexible enough to make room for changes.

Most importantly, it should help us in making winning trades.

This is the major reason why one should use EW to confirm the current unfolding of prices. This way one would be following the prices and reduce "predictive behaviour". Though we do calculate the likely targets, it should not distract us from the current price structure which keep changing.

Hence, Elliott emphasised on the "Forms" more.

shriram said...

Tks a lot ilango ji,

its wonderful wot u wrote, reading again & again :-)

Ilango said...

If the 5-wave from 5666 to 5729 is "a"

and the current prices behave like a "flat" abc in a sideways range of "5729 to 5702" would be "b",

then holding above 5698, day's pivot, the "c" could unfold.

Hence, we keenly watch 5698-5702 to hold ideally.

Bearishness for the day could be only below 5698 & then 5679(80%).

Accordingly, 5729 becomes crucial for more upsides for the day..

Ilango said...

"5715" Day's JNSAR would be decisive now.

shriram said...

FLAT in play , holding 57K ?

time for culinary pursuit, cu all @ 14:00hrs :-)

Sanjay Jaiswal said...

Dear Ilango Sir & Blogmates,

OI Table Update at 1:00 AM, VAH:5746, POC-5716, VAL-5695, WPOC:5761, Pivot:5723, R1:5753, VWAP:5743

Bulls are slowly coming back into the game after the thrashing they received in the last 2 days with highest addition for th day at 5700PE, 5800CE not able to keep pace right now but still has the highest OI in the Table…

Thanks & Regards

CDG said...

5698 broken now what??? 5679??

root said...

I was a silent observer till date

Me observing myself found

most difficult but most vital part for success in trading is when Jnsar/ trend is at turning point.
Heart= Technicals = Jnsar says yes and trust me.
Mind = ego= fear/greed says no this time round it is different

so i keep reading that immortal comment of the all time great stock operator which is on the right hand side on ur blog. Mr jesse Livermore as many times as possible.
Thanks for ur help.

bizagra said...

Ilango sir ..so can we now take 5715 as JNSAR for today??thx

Kiran said...

root ? Are you Unix/Linux system admin ? just curious...

sudharsan said...

@ Master you have suggested to book profit 20 points below DLEma. in premarket views..is it still active or we need to wait till EOD??

root said...

Brother Kiran
i am a seeker of truth - The root
curious to know - why ask about the system / admin

Arun Kumar Sharma said...

@ Master
also have same query as requested by @ Sudharsan.
Thanku

jay shah said...

dear saurav kundu thanks for your input on the blog

Kiran said...

@root ,

root login is a Administrator of Unix/Linux based systems. If you have root's password on unix system. you can perform all tasks on it.

CDG said...

5679 also gone????

Ilango said...

@sudharsan,

Yes. It is because week TA remains UP.

Remember to calculate/ update the developing LEma. Presently @ 5687.

Prabakar said...

Seems Call writers not wish to loose the advantage taken by them past 2 days. coming back furiously.
need to wait till EOD to see who is holding on?

discipline focus said...

@Ilango,

Gave Donations to markets twice since yesterday of 20 points/each........for the 350+points last JNSAR trade

Hope this was the last donation paid as of this week :D

regards

Ilango said...

@ @sudharsan,

By doing so, one would be trading the "sideways market".

Only a reversal in week/ month would bring in "sustainable falls".

Piyush Sharda said...

me too. 2 whips today one on circuit day

CDG said...

overall the GAP created in the morning now Filled!!!!!!!!!!

A J said...

Making of head and shoulder pattern in Bank nifty futures chart, neckline around yesterday's low

Prithvi Yashashvi said...

@ AJ
In which time frame BN charts??

DKG said...

Fast Fall as per 21/34 SMA.

Dinesh Rishi said...

A J

BNF has made a support from 24th sep

if breaks thud sound

A J said...

@Prithvi Yashashvi
Well you can look at last ten day's intraday data and see the pattern developing and testing neckline support :)

A J said...

@DR ji
haan ji, lets see what happens with shorts currently.

sudharsan said...

Big Brothers buying on dips or selling on rise???

NITIN KADAM said...

Ilango said...
@ Vishnu,
The actual JNSAR will be available in the "Tech.Table(TT)" all the time.
The chart shows the JNSAR with the filter whenever the filter needs to be applied.
October 9, 2012 9:36 AM

Ilango said...
Following is the retrace for 5666 to 5729 rise.
38.0%-5,705
50.0%-5,698
61.8%-5,690
and
the 80% comes @ 5679 below which only more downsides.
Above 5739(80% of 5757 to 5666), more upsides.
October 9, 2012 9:43 AM

Ilango said...
If the 5-wave from 5666 to 5729 is "a"

and the current prices behave like a "flat" abc in a sideways range of "5729 to 5702" would be "b",

then holding above 5698, day's pivot, the "c" could unfold.

Hence, we keenly watch 5698-5702 to hold ideally.

Bearishness for the day could be only below 5698 & then 5679(80%).

Accordingly, 5729 becomes crucial for more upsides for the day..
October 9, 2012 12:42 PM


Ilango said...
"5715" Day's JNSAR would be decisive now.
October 9, 2012 12:57 PM

What a Objective ,Clear & Crispy view that was!
5734 ( Filter ) not Crossed . Retracements mentioned 38.0%-5,705
50.0%-5,698 ,61.8%-5,690,and 80% comes @ 5679 All done.

The way you explain such a volatile & Critical situation is really amazing.
Superb !
Hats off to You Sir.... !

shriram said...

--> back

Viewing again from 5815 ,
possible DZZ in play , wid X unfolding as FLAT ??

X.a 5667 5728 -61
X.b 5728 5678 50 -82.0% ** DONE ?
If yes, then
X.c 5678 5739 -61 100.0%

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