Thursday, October 11, 2012

Nifty Intraday Update-III


86 comments:

Prabakar said...

NIFTY OPTIDX Open Interest at 2 -> CLICK HERE

A J said...

@DR ji
"Don't ever mess with the Bull" - I might lose my pants carrying "shorts" overnight.

http://www.youtube.com/watch?v=6Frxd96e5Dc

@Ilango - please delete if inappropriate...

Ilango said...

How has the "Pre-Market View" helped you in making your "Trading plan" for both

"Intraday"

as well as

"Positional".

rajapvt said...

Excellent Guruji, Premarket weekly support really worked very well... Market Trend -> Technicals -> Followed the trades...

Ilango said...

@ A J ,

Very appropriate.
:)

5680-21 Hr sma has turned up.

Now the tussle would be to protect 5680 and attempt to close above 5692 for the bulls.

SJkolkata said...

Thanks Master,
It really had a whiff of +ity.
Regards

DZIRE said...

Yes parminder ji worked brilliantly...:-)

Suraj said...

Respected Illango Sir,

I was short in 2 lot mnifty oct. In the morning I bought ilot nov mnifty at 5639. I shall reverse oct position at 5620 as per JNSAR. So effectively I am one lot short now instead of 2 lot.

Thanks Sir. Pre nifty views helped a lot.

Regards
Suraj

Buy and Sell Nifty said...

Sq. off my shorts at cost :-( . I will go short again if i find my level

Buy and Sell Nifty said...

Sq. off my shorts at cost :-( . I will go short again if i find my level

Swami Shivkumaar said...

Dear Sir, Yesterday you posted regarding the falling wedge.. Has it come into play.
Regards

Siva

rrknan said...

Resisted at JNSAR go short ?

Kranti said...

Ilango sir

The pre market support levels and your caution reg OS levels at Day & presense of weekly EMA made me go long for intrday in the morning. But I booked out at DLEMA . But all levels including Hrly HEMAs / 34 HrEMA crossed effortlessly.. please guide us what would have alerted us for such big move? Thanks

One thing i did miss is break out on hrly channel

Also please clarify my doubt i asked in the morning about WEMA.. Whether WEMA matters only on a friday and whether Day Technicals can take Nifty below WEMA

Parimal said...

CNX Midcap Index makes a leap by 1% at 7787.

Ilango said...

@ Swami Shivkumaar,

It came into play just after 1.00PM when it broke out while keeping intact the Hour +ve divergences.

We, now, need to monitor the quality of this upmove and the closing for 2 days.

It could either be just a pause and start a sideways range of 5640 to 5750/75 or even 5800.

OR a reversal.

Lets get some more clues.

This price action changes to "Buy on dips" till 5660 is not broken(aggressively 5680 not broken).

SANPOT said...

@Ilango Sir, Your premarket views are always valuable in such kind of sideways movement. It benefits both the intraday and aggressive traders.I booked out of my shorts with a small loss and entered long with a strict stop loss as Nifty is trading above its 5Dema convincingly. Thanks a lot Sir.

Ilango said...

@ Kranti ,

What you missed?

At OS zone, the presence of very good looking divergences and prices @ 20DMA.

Hour channel break out.

"Sanjay"s comments" about 5600PE adding 12 lakhs OI.

"Falling wedge break-out."

"Risk-reward" ratio keeping a small SL."

Fall consuming "less depth but more time".

WEma matters only on Friday and prices could dip below or even close below it in "intra week" and reverse either from THU or sometimes just on FRI.


Ilango said...

@ @ Kranti ,,

Also continued FII's buying.

And Month/ week trend remaining "UP".

rajapvt said...

@Sujatha: This picture for you. https://fbcdn-sphotos-b-a.akamaihd.net/hphotos-ak-prn1/60151_500925909920239_285198267_n.jpg

raman perumal said...

Dear sir,
But the JNSAR favours short only, i follow JNSAR only

Kiran said...

Tata Motors,Axis Bank, IDFC... supersonic...

Suraj said...

Respected Ilango SIr,

Can I reverse @5612 or @5620 as per JNSAR now.

Regards
Suraj

prakashbkc said...

Master,
As u told in premarket
"For intraday, strength would be only above "5662" at the opening session and later above the developing pivot."

Here developing Pivot may refer to Developing Day Pivot as at 12 noon Pivot becomw 5651 & market trading above 5651 comfortably after 1:00pm

Parimal said...

Kiran
Tata Motors is under the effect of a nice positive divergence

anmpatel said...

good afternoon all
back from OT..wow bull's back...

Can anybody tell me when INFOSYS result tomorrow after closing or before opening? any idea about its guidance?

thanks.

tomorrow dev HA open is 5684...above it..zooommm

Buy and Sell Nifty said...

Long is advisable only if JNSAR triggers ?

pravin said...

do we have double bottom in nifty daily chart?

Swami Shivkumaar said...

Dear Sir,
Thank u very much for the reply.Do u have any price point to confirm the same and what can be the possible target if it a falling wedge breakout.
Regards

Kranti said...

Thank you Ilango sir

I missed the Break out on Hour channel / falling wedge break out after which the move was so fast..

I assumed ( without base ) the DLEMA will resist after a close below the same yesterday.. thats the reason i exited with plan to re enter..but the move was too fast..Also i need to be more patient having taken such a strong trade

Thanks for clarifying regarding WEMA.. Today is great learning day for me..

SANPOT said...

@Ilango Sir, the momentum with which the prices have reversed and are moving strongly validates your target of 5950 if Nifty manages to close above DHema today.

Ilango said...

Following are the retracements for the recent rise from 5641 to 5715:

38.0%-5,687*
50.0%-5,678*
61.8%-5,669

Re-entry/ buy on dips should be in one of these.

Prabakar said...

Sujatha, hope your prayers been answered by NS.

Currently resisted at Hrly channel upper trendline @ 5716. It seems @EOD 5692 should be protected for bulls.

anmpatel said...

@master
technically what is infosys position master before result? i trade in nifty only but it can cause another whipsaw!!!
thanks a ton..

DZIRE said...

anmpatel ji

Infosys declares its result @ 9 AM IST.

Ilango said...

@ Swami Shivkumaar,

"Falling wedge", whenever appears, is considered a bullish pattern.

The principle behind it is "selling happens at every rise but the prices don't fall as in an impulsive move" and this action gets contracted in a "narrowing channel" indicating the "weakening forces of bears".

Generally they retrace the entire fall.

However, I use them to identify the bottoming as well as a reversal.

Janak said...

jnsar abt to come into action?

Swami Shivkumaar said...

OK. They retrace the entire fall. Thank you very much sir for your reply..
Regards

shriram said...

5DEMA has reversed in all probability

on Day TA , 5-10DEMAs are forming a FAST RISE set-up, this needs to be confirmed by Follow thru buying tomo ...

SANPOT said...

@Ilango Sir, INFY is showing Shooting Star Candle pattern on Hrly Chart.

anmpatel said...

@PS
can we take position considering tomorrow JNSAR hit long with SL of 5693?
thanks.

STOCK4SURE said...

infy result leak hua hai kya??

infy-G scam

Piyush Sharda said...

@anmpatel,

i think we shud wait.
even sir has not changed jnsar yet.

anmpatel said...

@PS
thanks. we should wait for next train. till no tickets!!only platform ticket!!

Ilango said...

@ SANPOT ,

If Infy closes above 2530 today, it would suggest a ST reversal.


shriram said...

DR bhai,

lagta hein aapka chart kaam kar giya , bulls jaag gaye hein ;-)

Parimal said...

High volume trade at 5730 NF

Parimal said...

Earlier high volume trade was at 5664 NF at 11.09AM

CDG said...

@ Ilango can you also please post the expected 9 RSI value at the end of the day (considering 3.00 pm close)

Stockathon said...

Dear Ilango Sir,

I've taken a JNSAR short trade.

But as market has given an upward bias should I reverse the JNSAR trade and go long at "retracement levels" mentioned by you? Or wait till JNSAR is hit again?

Kindly advise.

Arun Kumar Sharma said...

@ aarvee
What is stoploss for long?

Ilango said...

3.00PM TT & Chart updated.

parminder said...

Master,
even from the last two hours open low is same

anmpatel said...

master changed the JNSAR to 5714....hit hit hit...

Ilango said...

@ Stockathon,

The choice is yours.

Such choices should appeal to you at appropriate time.

Our aim is to objectively present the observations based on various studies.

"Marrying of studies to maximise returns" should always rest with the individual based on his expertise.

We have proved here time & again, individual studies too provide excellent returns.

How much you want to improve on one study depends also on "how much you could understand market's undercurrents".

Buy and Sell Nifty said...

JNSAR is not likely to hit today

parminder said...

CDg,
Rsi would be around 57

Ilango said...

@ CDG,

Please do not add to my "already loaded work".

Use the JustNifty TA file.

Or let someone share this kind of work.

prakashbkc said...
This comment has been removed by the author.
Prakash said...
This comment has been removed by the author.
Stockathon said...

Dear Ilango Sir,

Thanks you so much for replying and giving more clarity to my thoughts.

I'm still in learning phase of TA and hence not yet attached to any specific system. Though I have a liking towards EMA Hi-Lo system.

Would try to improve on that and trade carefully. Thanks!

anmpatel said...

@PS
better to wait tom, right as after 3 pm no hitting of 5714. thanks you PS ji.

STOCK4SURE said...

ns maintaining status quo wit IT index falling
BN rising

parminder said...

CDg,
Rsi would be around 57 at 3pm

Parimal said...

STOCK4SURE
thanks for your views
entire day there had consistent high volume trades in BN.

Raghavendra said...

Master,

I posted an observation mid noon on Robert Wyckoff pattern.This pattern was repeating in Indian indices quite often.

Link : https://picasaweb.google.com/104414710222738283116/Trading?authkey=Gv1sRgCPLqxKTclMW5nQE#5797951294371875906

Raghavendra

anmpatel said...

closing avg 5705.77 and vertically upward.....

anmpatel said...

Banknifty JNSAR hit long.......

anmpatel said...

@pammi
yep but we will unable to close abvoe DHEMA

Kiran said...

JNSAR hit in last 5 mins.....Amazing...
5707 avg is already above all majority EMA's
5-EMA, 7-EMA, 10-EMA, 13-EMA, 34-EMA.
Also above 21 Hr SMA, 34-Hr SMA.

parminder said...

Master,
Salute
Regards

Rajan Malhotra said...

@Hari_ Indian
in trade tiger 2.2.0 intraday history is of 5days only .confirm

mynac said...

Hmm...
Tried very much hard...But still the close is below developing JNSAR...So finger crossed...

Swami Shivkumaar said...

Good covering even in 6000 call..(6 Lakhs)

Hari_Indian said...

@ Rajan Malhotra

Sir, after taking 5 day's intraday hourly chart, I click on 5d-60 minutes at bottom right and there I can plot up to 30 days.

Vishnu said...

Respected Sir
As per today's last updated JNSR at 5714 long trade has been taken. Please do advice whether after 3:00 pm as per the JNSAR long is advisable or should have waited till tomorrow. Also seeing the INFY's trend over and above 2530, as suggested by your good self for the ST reversal I have considered the long, though it wouldn't have affected my decision since JNSAR has been already hit.Its just an additional observation, to show the market's up trend. Also in last minute BNSAR has also been hit.And now at close the Nifty is at 5708.05. So please correct me and advice.

Rajan Malhotra said...

@Hari_Indian
Got it and thanks

Manish said...

"Falling wedge", whenever appears, is considered a bullish pattern.

The principle behind it is "selling happens at every rise but the prices don't fall as in an impulsive move" and this action gets contracted in a "narrowing channel" indicating the "weakening forces of bears".

Generally they retrace the entire fall.

However, I use them to identify the bottoming as well as a reversal.

Master tussi Great Ho ;)

Another lesson from you today.

Thanks and Regards Alway.!!!

Manish said...

@ Kumar sir @ DR sir

Holding shorts ???

;))

Hari_Indian said...

@ Rajan Malhotra

Sir, after taking 5 day's intraday hourly chart, I click on 5d-60 minutes at bottom right and there I can plot up to 30 days.

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