Friday, October 19, 2012

Nifty Intraday Update-III


87 comments:

Prince said...

master being this fall & RB nifty still the premium of calls are on higher side as compared to puts of next contract....why this so any guidence????????

numchar said...

@ DR Sir

lol

I bet this onion cutting idea can be productised and see good revenue potential . :)

Atharva said...

Master any EW views if it holds once again 5640..

IndieTech said...

@DR and AJ - thanks for the response.

@AJ - fleeting orders by HFTs can well be ignored by looking at avg bid or offer value (excl. extremes).
Price movements around VWAP has been a good pointer for my intra-day trades. My observations are quite raw as of now; hope to share it with the group sometime. VWAP has made me slightly curious in the entire intra-day demand/supply dynamics - maybe I will try to study Market Profile tools.

Prithvi Yashashvi said...

In a 4th wave ,

JNSAR not doing good job.

Swami Shivkumaar said...

Dear Sir, Can we take short position as JNSAR TRIG on the short side or we have to wait for the closing for confirmation. please suggest.

Indus said...

@DR

Would it be prudent to reverse BN longs???

Pankaj said...

A big drop expected; provided ns doesnt move beyound 5700.

eevra said...

SS: wait for near closing !

Prince said...

@ parimal on what study you are predicting this drop sir??????

Sujatha said...

as usual looking for 58/50/46 etc???

Sourav Kundu said...

nahinnnnnnnnnnnnnnnnnnnn... hey bhagwan.. yeh tune kya kar dala!!!

Parimal said...

100% retracement of yesterday's rise

Parimal said...

Prince
i am looking ST(5mnts) EW chart, 5th wave to start

Prithvi Yashashvi said...

@Master,

JNSAR Sl hit.

Can we go for 5550 view???

Prince said...

@parimal k sir still last chance for bulls 80% = 5652 as mention in tt...........i think so n finger crossed.

Ashish Agarwal said...

Reposting-

Ashish Agarwal said...
From an EW perspective, one has to consider the possibility of "Elusive sub wave-b' ending yesterday at 5723 high.. its a flat and less than 61.8% of A (A being 5815 to 5637).. this makes way for C down in the coming days..
October 19, 2012 12:16 PM

A J said...

@IndieTech
Well one cannot rely on any data that you see in order book window because those are trades that a trader "intends" to execute.

VWAP and market profile is as a result of trades which have "already been done" at particular price and volume.

I have a question regarding VWAP, which parameter should we use for it. I consider it as just another average (no particular number, choose your favorite kind). Not done serious stuff with VWAP as I don't get charts with VWAP for Banknifty :(

Sujatha said...

Prithivi - only range bound mkt :( :P am waiting for NFutire lvel 56/46 that wil decide believe it move up onceagain if it touches let us see
or frm here itself 665 lvl

Tintin said...

Going for C of Extracting triangle from 5815?

Bhushan said...

Dinesh sir, lo winter aagaya

anmpatel said...

bullish ha candle become complete DOJI by help of bears....
HA diffCO at 3.7 just above zero...consolidation...consolidation....
waiting for some good breakout-breakdown....

Indus said...

@Ashish agarwal

What is your target for C ????

Sujatha said...

bounce baba bounce to 700 again??? shhhhhhh

Ashish Agarwal said...

@Indus,
Can be anywhere between 1 times A to 1.618 times A ..:)

Sujatha said...

oh.. future looking for 704/735 onceagain???

anmpatel said...

@Sujatha
yes it will close around 5683...

Prince said...

who all are still holding longs???????

nileshwar said...

Having eaten the stop losses on the lower side, are they going to eat the stop losses and trailing stop losses on the upper side today before end of day??????

Prince said...

@ sujatha new moon was on 15 oct but will show it effect today ...reversal day

Indus said...

@Ilango

Trading below JNSAR, 5DEMA and 20sma
Would welcome your inputs at this stage...many thanks

@ashish...thank you

prakashbkc said...

myself holding long cut bur SL hit in 50% qntty

Dinesh Rishi said...

Indus

BN is struck @ 450 since few days and eating SLs

the level remains still good


@ Bhushan

Rajai nikal ki kya?

CDG said...

So was Yesterday a BULL Trap day OORRR today is a BEAR Trap day......who said what....

sandeep said...

sujatha maam bought at ns5661 hoping 5690 if not 5704

Sujatha said...

they will try to close the 3 pm candle @ 76/83/94 to scartch my head more :P :(

Kiran said...

Who was eating banana today....?
Market slipped...

Dinesh Rishi said...

Indus

in BN SL is 50 points
if it moves appx 100 points in your favour

bring TSL to CP

read rule No.2 @ Past Performance" on my blog

Ilango said...

@ Indus,

This correction was anticipated yesterday itself:

Ilango said...
Now the (v)th of the rise from 5634(of yesterday) seem to be unfolding and could face resistance around 5714-25 zone, where another correction could set in.

If none happens, we'll review.
October 18, 2012 2:15 PM

And it was reinforced today before the market opened:

Ilango said...
Aggressive traders may sell at open or any small bounce for the corrective "ii"nd wave.(Which could turn to more corrective too below 5675)
October 19, 2012 9:13 AM

Now the last weakness trigger would be 5651.

Those who find the "trading the range bound market" should refrain from doing so till a clear trend emerges or a "bottoming signals emerge".

Sujatha said...

sandeep - oh.. applied "butter" to ur fingers to move fast :D :) lolz

satheesh said...

Nifty Hour Chart Fast Fall:

CLICK HERE

Kiran said...

VIX in red... Bounce expected...

JUSTVINAY said...

Taken Trade Line support @ 5658/5660

Indus said...

@DR, Ilango

Thank you

Yash and Dhan said...

@ Sourav Kundu,
What would be SL for todays short JNSAR if taken at
5666, will it be still 20 points. How to approach the whipsaw of filtered JNSAR?

Vishnu said...

Respected Sir, If once again the NS crosses 5681 then as per JNSAR theory shall we should turn to buy mode.( Since as we have made a low of 5660).

anmpatel said...

today will be insider day?

Ilango said...

Above 5695, breakout;
Below 5660, break down.

sandeep said...

maam sold at 5678 ns

Ilango said...

3.00PM TT & Chart Updated.

sandeep said...

thks master to be careful n maam thks

STOCK4SURE said...

last 30 min
can we see more 30 pts up??
chhoti si aasha

Dinesh Rishi said...

http://www.youtube.com/watch?v=-4FIZGpt_cg

maninder said...

thanks Master for ur guidance

Yash and Dhan said...

I am so fed up with this JNSAR whipsaw this monthn that it is either do or I die. My entire good work of last month wasted in 15 days by this range bound market.

STOCK4SURE said...

fractals are indicating of 11700 abv levels in BN till tuesday

CDG said...

seems both JnSAR and 5EMA (5683) will be protected on EOD closing basis..

numchar said...

@ Anyone

Not able to check the TT .

How is D.RSI(9) posed now at current price ?
The cross over of signal line is done ?

durga said...

@yash and dhan-u need patience.
a virtue so helpful in life.more so in markets(MASTER)

JUSTVINAY said...

Today once again inside day....

parminder said...

dinesh ji
bearish harami pattern today in making
what say sir

Parimal said...

I am also at loss. too many whipsaws in short span of time

Sujatha said...

sandeep -OK. next tme fill up ur coat's inside outside pockets too :) someway that's good booking profit "as per plan" balance let it go anywhere "again try to catch @ right level" is best...personal experience after lost much - hehe

Disclosure - me too don't hv any position due to festive mood.

Happy Pooja Holidays to all :)

Sandeep Koppula said...

@Yash and Dhan:
"entire good work of last month wasted in 15 days"
1) Most of the times, inexperienced traders lose money(gained in trending phase) in a sideways market.
2) Always trade with low volumes in a sideways market.
3) You would get enough opportunities once the range breaks and enough hints from TA before the range breaks.
4) Till then trade with low volumes and only at boundaries.

The key here is to to knowing when to trade and with what volume.

Dinesh Rishi said...

more the whips stronger will be next trend

Prithvi Yashashvi said...

weekly trend is down,jnsar down

what to do??

parminder said...

Dinesh sir ji what say

Swami Shivkumaar said...

Options data suggest bearishness..

jay shah said...

goodbye dear sir, seniors and all dear freinds happy weekend to one and all

Dinesh Rishi said...

parminder

today is the day of weekly candle

its the smallest doji ever

Bharat Kumar said...

@ Ilango Sir - would it be prudent to carry forward shorts. Pls reply.

Sujatha said...

hi - u people know JNSAR - this time giving whipsaws y can't u "prefer DLEMA TO HEMA"?? or play "supp and resis" only becoz mkt in RB and close the position??? can't trade always "positional" position. hope u friends will not mistake me for this. if hurt my sincere apologies. 1000 system will be there - but "according to our own financial position" v hv 2 take "position" hehe - this too of personal experience after lost heavily :)

Parimal said...

Prithvi Yashashvi
How to decide?? this moment it is long, other moment short JNSAR!!

Kiran said...

ilango sir,

You had identified this as range bound market(and whipsaws on pure JNSAR trade) with help of EW.
Is there other way to identify early in phase that market going to be rangebound ?

Could we say.
When market continuosly trades between Day High EMA+20 and Low EMA -20 (May be more than 2-3 days)?
When JNSAR gives > 500 points, next 15-20 days can see whipsaws.





Yash and Dhan said...

Friends that is what I meant. I will not leave this pursuit till I get back in profit. What happens is that we stay out fearing whipsaws and market gives a 200 points rally only for us to be at the sidelines. This time I will not leave the number come what may.

anmpatel said...

closing avg 5684...above mondays jnsar

Dinesh Rishi said...

Jai Mata Di !!!!!!!!!!!

Monday is Astami and I may be late due to Kanya Poojan

Ma Plz take care of my postion

Happy weekend and Navratri to all


Suraj said...

I second Mr Yash and Dhan

prakashbkc said...

Sandeep

how one know this is sideways market before taking any position & when does it end?
In this sideway market , I remember yesterday Range broke , JNSAR long & TL break, TT green.
I think we need some extra study but I don't know what extra study needed. This sideway market eated my previous month profit totally Now I m back to sq one.

Dinesh Rishi said...

No body know which trade will be the best trade of year or which trade will break the range

once leftout it wont allow you in

so we have to trade all the signals.

Piyush Sharda said...

@suja

the problem is not changing no. if jnsar whipsaw tomm j 10 sar will whipsaw some day 5 dlema. the whole approach of trading needs to undergo a change in corrective . if a trader cant change that correctives are red in account in my opinion.

Sandeep Koppula said...

@Prakashbkc:
1) Range of 5730-5630 never broke.
2) Typically, 70% of the time we trade in sideways phase.
3) I don't trade on a regular basis when there are whipsaws all over. Yesterday, I booked longs(@closing) initiated@5740 with 5730 SL and shorted @closing with 5730 SL.
4) My simple strategy (follow the basics) coupled with Illango sir's hints have always helped.

prakashbkc said...

Sandeep,

It is good to know u made money in this sideways & whipshaw market. Really, it is praiseworthy & encourging .
I wish if i would have such skill

sandeep said...

prakashbkc it is one of the days rest story is same

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