Monday, October 22, 2012

Nifty Intraday Update-III


31 comments:

anmpatel said...

this hour HA open-low same 5699.17

Prabakar said...

NIFTY OPTIDX Open Interest at 2 -> CLICK HERE

Sujatha said...

another round of 16/22/32??? tightening my seat belt if not comes EOD close may be around 697/92??

bye

Ilango said...

Keeping below 5715-20, another round of visit to 5687-94 is likely.

There is a cluster of supports developing in that zone and breaking of same would lead to downward correction.



anmpatel said...

@master
before even correction started you told JNSAR might whipshaw, you are absolutely right.
Now can u guide/tell when or which price it is out of danger from whipsaw's?
thanks.

kuheli said...

what to do? Sell here?

Parimal said...

Anmpatel
in Pre-Market View Master has said Friday's high 5722 as the crucial number.
thanks

Ilango said...

@ anmpatel,

When week trend turns up again
or
confirms a downtrend with a "close below WEMa with a follow up price action".

So far the supports have been quite resilient despite -ve global cues.

nifty rider said...

winter kya aaya nifty ji ne THUMPSUP peena hi chodd diya... bhool hi gayin hai... AAJ KUCH TOFAANI KARTEN HAI...

nifty rider said...

beyond my patience.. short

chetas said...

huge buying suddenly in 5600put

anmpatel said...

@master
means nifty weekly close above 5WHEMA?

Atharva said...

@Master: BN is comfortably trading above wHEMA..so can it be considered that NS will also follow

Ilango said...

3.00PM TT & Chart updated.

anmpatel said...

this hour HA open-low same at 5705. toing below this.

kuheli said...

sir,
In premarket view you told that sold 5690. Sl. 5715 ns.
Have you reversed the trade and went long?

Ilango said...

Hour chart shows a typical rounding bottom from 5815 to 5633 to current prices and rising.

shriram said...

--> back updating the DZZ count for EW folk:

W 5815 5635 180
X 5634 5720 -86 -47.8%

X.a 5634 5722 88
X.b 5722 5658 -64 -72.7%
X.c 5658 5720 62 70.5%

X has finished its min. @ 5713 ... and next tgt is 5746

kuheli said...

sir,
In premarket view you told that sold 5690. Sl. 5715 ns.
Have you reversed the trade and went long?

Ilango said...

@ kuheli ,

If you follow my observations from my comments, it negated the down move when it went past "5709", 80% mark.

It was also suggested to look at the retrace for the rise from 5658 to 5715 and it stopped @ 38 to 50% retrace @ 5687-5694 @ 5691. Same was alerted.

We expected a consolidation between 5691 to 5715-20 and is still on.

Sometimes a reversal is triggered and a retracement gives you an opportunity to enter the trade at a lower level during retracement.

Sometimes, there is a breakout of a range and depending on the internal wave structure, there could be a pull back to the breakout point incase one misses to enter at the break.

Prithvi Yashashvi said...

Rounding bottom breakout tgt please???

jay shah said...

good bye dear sir , seniors and all my freinds thanks to everyone

anmpatel said...

@prithvi
5815-5633=182 so 5815+182=5997......amazing.

Sujatha said...

shriram ji - mm.. but heavy gap up not possible i believe as v r still in the same range 5639-725 :P hence applied reverse gear no chart pattern is working in this idiot 100 pnt range :(

PS : whenever 725 comes i remember dear mynac :)

bye

HAPPY POOJA TO ALL

anmpatel said...

clos avg around 5716.3
naro va kunjaro va......
or cat on the wall.....

Ashish Agarwal said...

Looking forward to a fast rise tomorrow. :)

nifty rider said...

wishing 2morrow gap down...

kuheli said...

5714 res. taken out on closing basis.

Sethu said...

expect a fall tom morning

Sethu said...

we need a eod close above 5725 for any upside. otherwise mkts are rangebound. 5725-5630

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