Thursday, November 29, 2012

Nifty Intraday Update-I


64 comments:

Shradha Saburi said...

Tuesday, 27 November 2012
TREND OF NIFTY LEVELS ALL IN SPOT FOR
29 NOV 12
DAY JNSAR HIGH 5679
DAY JNSAR 5622
DAY JNSAR LOW 5565



VOLATILITY STOP LOSS 5608


WEEK JNSAR HIGH 5790-5800
WEEK JNSAR 5660
WEEK JNSAR LOW 5520-30


NIFTY CLOSE 5727
HOUR JNSAR SUPPORT CHANNEL 5700-5682-5663
TODAY NIFTY TRIGGERED THE VSTL (VOLATILITY STOP LOSS) SO NIFTY BECOME BULLISH.AND IT WILL REMAIN BULLISH TILL 5608. IF NIFTY MAKES NEW HIGH THEN VSTL WILL RISE.
NIFTY CLOSED ABOVE DAY JNSAR HIGH ( 5679) AND BELOW WEEK JNSAR HIGH (5790-5800)
NIFTY HAVE MAX. PROBABILITY TO GO TOWARDS THE WEEK JNSAR HIGH.
HOUR JNSAR SUPPORT COMES 5700-5663.

Posted by Shradha Saburi at 05:37

Hitendra said...

DR sir- What levels does BN indicate on a high side? Is it safe to enter BN now?

Ilango said...

The hour chart shows:
1,2
(i), (ii)-green
(i), (ii)-sub waves of green (iii) in blue

This sub-division of waves happen in a strongly trending market; in this case, anticipating the weekly reversal, big upmoves are unfolding.

cooldent said...

Hitendra

http://sonsofthunderrocks.com/yahoo_site_admin/assets/images/Guys_catching_train.123164928_large.jpg

Ilango said...

BN's (ii)nd wave correction suggests its highly bullish intentions.

(ii)nd low of 11621 becomes conservative SL.

Ilango said...

Re-entries: Use a retracement strategy; holding becomes easy.

Piyush Sharda said...

@julius,


i was going through the 123 method u uploaded.
i had a doubt. in the charecteristics of uptrend
in point no 7 its written
'Point 2, should not be lower than point 1'

i feel it shud be point 3 shud not be lower than 1.

if point 3 is lower than 1 and there is a rally that breaches point 2 in its not 123 setup as per the article and we shudnt take longs then. what do u feel

http://www.tradejuice.com/forex/forex-1-2-3-methode-mm.htm

Parimal said...

Weekly chart of BN and Nifty shows forming of probable bullish flag pattern. closing price at the end of the week may confirm the same

prakashbkc said...

Sharadha sir ,

What is Day JNSAR High & low ? Kindly explain

J.R.Julius said...

5777 should be watched carefully. Nov 6th Resistance. 5758 Intraday Sell Point.

*From Now my posts mostly discuss intra & swing trade based on 2 Gann Approaches, Historical Sup/Res & 1-2-3 pattern. My request is take my posts as educative purpose. BUT If seniors/admin feel my posts could be a noise to the regular TA follower/blog member, I stop such posts(no hard feelings - I respect rules) & participate in TA discussion only.

Regards,
J.R.Julius

anmpatel said...

Good morning all

Amazing...

@master
what will be best level to partbook??? yeto lagata hai rukegi hi nahi.....pl guide.

Ilango said...

@ anmpatel,

Let a negative divergence develop in Hour TA. They are trending up above their respective triggers. In a strongly trending mkt, even the divergences could fail. Let us get some additional info. from other studies.

20 to 45 points drops/ corrections are normal.

Kiran said...

Many stocks are Trading above their D-HEma.

amber said...

Sir ILango ji what level makes a week trend up , as in your pre market table it is still marked down .thnx

rajapvt said...

GM Ilango: 20/45 points drops/corrections from day's high or from the open price.

anmpatel said...

@master
thank you.
tab tak pakad ke rakho.......

rajapvt said...

It is just to understand the which dip level is good to enter longs.

prakashbkc said...

Reposting

Shardha sir ,

What is Day JNSAR High & low ? Kindly explain

Ilango said...

@ amber,

Week is marked "Down" based on last week's close. However, current prices are almost 150 points above WEma; hence suggested a likely reversal in week and mkt has gone aggressive in anticipation.

Ilango said...

@ rajapvt ,

It is from "day's high".

amber said...

Sir thnx very much

Shradha Saburi said...

Dear Prakashbkc
Day and week JNSAR high and low are trend levels
where nifty have max resistance and max support to turn back towards respective JNSAR (week, Day)
If nifty closes above 5800 today then we will have breakout and levels will be calculate on the monthly JNSAR
i hope nifty should close above it.
if you have query you can mail me
many many regards!!!

Sanjay Jaiswal said...

Dear Ilango Sir & Blogmates,

OI Table Update at 11:00AM, VAH:5733, POC-5709, VAL-5685, WVAH:5617, Pivot:5709, R2:5790, VWAP:5775

Based on OI addition till now in 5800PE, Expiry could be above 5770…

Thanks & Regards

J.R.Julius said...

@Mr.Piyush,
Yes. if Point2 is lower than point 1 its not uptrend actually! But they give that point7. :)

Shradha Saburi said...

Dear Prakshbkc
suppose child is nifty and Day JNSAR is mother
and week JNSAR is father all are going to garden . If child runs fast ahead and goes far away from the mother and father then it gets tendency to turn back towards mother father.
this is for just understanding purpose.
regds

Indus said...

@Ilango

Given retracements, can we take the nifty logical targets at 5862 and then 5977 given that it has gone above the golden ratio of the retrace from 6339 to 4531???
Am I right in thinking that this is the larger retrace in place now???

sujay said...

Just joined to follow the blog.

Piyush Sharda said...

@julius,

its a good setup. if we use it on hourly macd it catches most swing slows off course after few points away.

i went trrough 2b setup of suri dudella u uploaded. i feel its modified version of elliott wave after wave 5 there is a correction which it aims to capitalise. however in the illustration of the article the author doesnt mention abt few whipsaws which would occur. ie in uptrend before swing low is actually formed many times prices move to and fro and that would give whipsaws. did u observe it??

Piyush Sharda said...

typo it catches most swing lows/highs of course

STOCK4SURE said...

Sanjay Siis it not possible that ns may close abv 5800 todaya as heavy writing in 5800pe is on more than 26lakhs written today

sujay said...

Thanks Illango Sir,
Your blog is full of education.Wud like to learn all TA techniques 1 by 1 reading all yur pages.
Thinking to trade according to JNSAR orJ10SAR.
Will u reply on my understanding on following Sir, whether it's crrect or not?
Today's JNSAR is 5621 & J10SAR is 5673 ---
Means if Nifty moves down either of this level then shud i initiate my short trade in 2 lots?
Or if tomorrow Nifty breaches below 5638 OR 5673(JNSAR & J10SAR for 30/11/2012) i shud initiate my short trade in 2 lots?

J.R.Julius said...

@Mr.Piyush, Yes. Thanks for your inputs. 1hr chart will too good. 30mins too fine. If Price fall below 5777 its 2B in 1hr chart 6th Nov Res.

sujay said...

Will anybody reply my query posted earlier?

Parimal said...

Dear Sujay
dont catch a running train, a falling knife.
wait for the next opportunity. when Nifty (spot) moves above/below JNSAR, take a long/short trade accordingly with 20 points SL for initial two days.

cooldent said...

Sujay

jnsar for today is 5621 so if it breaches then we go short today with stop loss of 5641.

before taking jnsar trades pls read about it.

sujay said...

Respected Parilmal Sir,
Thanks for yur valuable advice.
M aware i might b creating noise while all r busy in trading now, jst asked whether my understanding is correct or not?
By the way can i catch u later when u'll b free so that i can ask any help or doubts?
Thanks.

anmpatel said...

hello friends
can anybody suggest share that have price below 100 and had good swing moves like..JPASSO, RCOM.
thanks.

Parimal said...

Dear Sujay
you are most wellcome. i shall be available and shall reply as per my limited knowledge with objectivity.

Hitendra said...

NS Closing in on 5800.

sandeep bhoite said...

@ MASTER

As In buy from JNSAR ,, now today have to rollover but DEC Future are in 40 points Premium what is perfect idea to rollover or simply do at closing asking because no correction yet ..

anmpatel said...

@ND
good morning sir,

i have one Q. is that 21-34 EMA will work on 30-min t/f with any stock? or it will work with only 5min chars?
thanks.

sujay said...

Thanks Parimal Sir.

Parimal said...

My Dear Julius
on day chart SBI is exactly at 21 and 34 DSMA. may face some resistance here. let us wait and watch. major hurdle at 200DMA is overcome.

Piyush Sharda said...

@julius,

what i understand by my reading of 2b, we cant take
5777 on 6th nov and breakout today. the author clearly mentions 5-8 bars retracement and then breakout again. however b/w 6th nov and today a multi week low is made.

the author uses 2b pattern in 5 min charts. there i feel few whipsaws were present which he didnt mention.
http://www.surinotes.com/Tradestation/articles/suri2B_TJDec2007.pdf

cooldent said...

anm

Nilesh bhais reply

yes it will work on stocks also

Ilango said...

@ sandeep bhoite,

Intra corrections are of 10 pts so far; whenever you find more than 10 points drop, wait & roll over.

Rolling over done at the early stage of a break-out would be the right way to do. Keeping it to the last day would limit one's choices.

Ilango said...

Apply 90-100 points from yesterday's close or today's low for even today.

Parimal said...

My Dear Shradha Saburi
Good Morning
after quite some time NF is above daily Kumo and Tenkan-Sen is giving a positive cross-over to Kijun-Sen which may be quite significant.

J.R.Julius said...

@Mr.Piyush,
Yes I agree. 2B pattern is not much different to price action fakey bar set up also not much difference with double top/double bottom etc.

What I understand is If we can identify 1hr/30min bar as reversal bar whatever the name for the strategy, it may give low risk high probability returns.

Anyway i take your valuable observation/comment - will gothrough the pdf again.

Nilesh Patil said...

@anmpatelji,
It is also work best on Hourly charts for stocks.

sandeep bhoite said...

@ MASTER

Thanks for ur valuable words ,, done same last time but missed this month & specially today its bit diff to cover 40 points of range ,, but will act on your word now onwards for this things

anmpatel said...

@NP
@cooldent

thanks. but google provide only max 30min t/f. and my software needs renewal. thats why i ask specifically for 30 min.

bb said...

@Parimal:
Airtel target intact right?

sujay said...

Thanks Ilango Sir for yur prompt reply.
I understand yur busy schedule at trading & mentoring the queries of fellow traders.
Thnaks for yur links provided.
May i ask any doubts if i don undrstnd after finishing the market?
What time i shud mail u for the same?
Thanks for yur support .Sir.
Today i came across the pic "http://4.bp.blogspot.com/-XhnHlVscHRI/ULbCFOSrSHI/AAAAAAAAnR0/28-3BrrImMU/s1600/1.PNG"
but was bit confused to understand.
Thanks Sir jeee.

Prakash said...

Shradha Saburi sir
how did u calculate DAY & Week ( High, Low JNSAR )
plz explain when u have time

Ilango said...

"5800" PE writers would become active here--- around 5800+/-20 points.

Shradha Saburi said...

Dear Parimal very Good Morning
exactly!
Nifty may consolidate here to give upper break.
Nifty(F) should close above days upper bollinger band today. now it is touching to it.
Many many regds!

Parimal said...

My Dear bb
Airtel charts (both hrly and daily) yet do not show any weakness on any of the four widely indicators i am using. Parliament has to vote in favour of FDI in retails.

sujay said...

@Cooldent
Thanks Cooldent jee. I didn't read yur prompt reply earlier, so sorry to delay the thanking respond to u Sir.

Ricky Albert said...

As per Federal bank technical research report one should go short in this

counter. Federal bank is looking quite weak at current level and is expected to fall

further. Positional traders can go short in Federal bank from current level for good

gains.

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