Monday, October 29, 2012

Nifty Intraday Update-III


34 comments:

deepak pinto said...

sir
i had a doubt
ew says 61.8 retracement important. but u always say 80% for reversal. i did not find any reference for this percentage. is it ur own observeation?.
even today when market just stopped short of 80 (5704) at 5698 .
please clarify and guide when time permits.

Sujatha said...

Kumar sir - Our sincere prayers for your father.

Julius - ஒரு மாசமா எல்லாரையும் பார்த்து அது நக்கல் பண்ணுது ஆளாளுக்கு டார்கெட்டா சொல்லறீங்க விட்டேனா பார்னு கோழி அமுக்கற மாதிரி யாரானா அந்த 30ம் நம்பரை ஒரு போடு போட்டு தள்ளுனா தேவலை hope upto this month end "this grinder will run" looks like

sandeep said...

KUMAR SIR
Wishing your father speedy recovery

J.R.Julius said...
This comment has been removed by the author.
J.R.Julius said...
This comment has been removed by the author.
J.R.Julius said...

@Sujatha,

புரோக்கர் : எவ்ளோ அடிச்சாலும் தாங்குறான் இவன் ரொம்ப நல்லவேன்...

சார் ட்ரேடர் : அவ்வ்......

குறிப்பு : சிரிக்க மட்டும் தான். யாரும் கோவப்படாதிங்கோ.

Atharva said...

Master @ booking @ 5638 or can we hold 2nd lot JNSAR??

Ilango said...

@ deepak pinto,

Most corrections are of "Zigzag" in nature and "b" waves of zigzag will not retrace 80%.

Most parts of "triangle" too limit themselves to 80%.

However, a flat correction could retrace 100% and in an "irregular flat, more than 100%. Flat could be identified with the sub-waves of 'a", though it is a "subjective decision".

Overall, the strategy of selling @ 61.8% with a SL.80% works well.

anmpatel said...

@Kumarji
praying for your father's good recovery, if you think i can help, please feel free to call me.

Sujatha said...

Julius - 3 pnts short for my 42 no. imsai arasan '23m pulikesi nifty" :(

Bye - my shop closed

Prakash Sharma said...

anmpatel sir are you a doctor or in medical profession?

pankaj kumar said...

This blog is really nice and informative. We are pleased to know this blog is really helping people.

Nifty Futures | BSE India

anmpatel said...

@Prakash Sharma
yes, i am anesthesiologist, working at sterling hospital, Ahmedabad.

SJkolkata said...

Wow, Dr Patel.
being a doctor and having so much in depth knowledge of markets is commendable.
regards

anmpatel said...

@SJ
i paid tuition fees before getting knowledge!!!

anmpatel said...

@SJ
forgot to add..i have not in depth knowledge, i have only simple system to follow only.....

DKG said...

@ anmpatel,

Doctory main paisa nahi raha jo share mkt main aa gaye?

A J said...

@anmpatel
Q) What's common between anmpatel and nifty
A) Both are "hosh udane mein" expert :D

gauresh59 said...

@ DKG,

Doctory and shock market trading both are same.
In doctory, doctor is always thinking about his patients and try to learn from his patient. In stock market, a trader is always thinking about his trade and try to learn from each transaction. Both are passing sleepless nights.

CDG said...

Dear Ilango,
Please correct me if I am wrong. one closing below the DLEMA is not enough. a follow up price action is required to confirm ANY downward momentum????

anmpatel said...

@AJ
aap to pi6e hi pad gaye yaar....

@Gauresh
in doctory we first learn then treat
in stock we first trade and then learn.....right!!!

anmpatel said...

@DKG
aisa nahi hai....i am not a big shot...
my branch is dependent branch on surgeons..so to produce some more money, i am here.

gauresh59 said...

@ anmpatel,

Once started, in both learning is a continuous process. That is what i want to say. My son is also a surgeon in Sayaji, at Baroda. And I know his mental position for his patients. Always thinking about them....round the clock.

shriram said...

Ilango ji,

Pl clarify the earlier doubt - is this a wave C or a 3wave playing out ?

anmpatel said...

@gauresh
me also done from MS university, but i am out in 2002. is he doing residency or professor?

gauresh59 said...

@ anmpatel,
he has aleady completed his residency. Now AP in Sayaji Civil.

prakashbkc said...

NF shaort mein momentum hi nahin hain It always close above DLema

Ilango said...

@ CDG,

Yes. Especially when we are viewing it as a "corrective".

@ Shriram,

Yes. That is a possibility.
I have stressed the "time factor" to be monitored for the completion of correction since "time" would adjust the technicals as it did in the last many occasions.

SJkolkata said...

Master,
Entire Day passed, not a single comment from your side.
Pl guide.
regards

jay shah said...

thanks a lot dear sir bye

Ilango said...

@ SJkolkata,

Pre-Market View.

For the day, there are resistances in the zone of 5687 onwards till 80% @ 5704.

The supports would be in the region of 5634-37(recent lows)

wallacebaba said...

Amazing Master!

Good Day

J.R.Julius said...

Again Closed Inside the Range.

Tomorrow RBI Meeting : NEWS :
http://tinyurl.com/8go96ew

Prabha Gopalkrishna said...

Thank you Master and Seniors for the inputs and guidance.

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