Monday, November 19, 2012

Nifty Intraday Update-II


25 comments:

mojib said...

can anyone provide IEOD DATABASE FOR NIFTY ,BANK NIFTY AND NIFTY STOCK WITH BACKFILL FROM YAHOO IN AMIBROKER FORMAT

DZIRE said...

@ mojib

Database available here

http://www.tradewithme.me/data-archives-for-technical-analysts.html

shriram said...

Ilango ji,

Rounding bottom / CT forming on Intra , sir ?

sandeep said...

master some guidance/views at this moment as u understand it. if possible

Ilango said...

@ shriram,

That is a view from a bull for a possible reversal which is necessitated by the "more time needed to adjust the technicals".

The weekly charts give a bit of scare with "Rsi-both 9 & 14 periods" breaking down from overbought zone. One need to remember these higher T/F weaknesses in mind while taking any contra trades which "must" have a small Tsl to safeguard the trading account from emotional decisions.

chetas said...

Illango Sir,

the swing low after 5815 was 5585 level,

Today the price is consolidating, but below the previous low.

Is this consolidation below the breakdown point of 5585, be viewed as bearish.

today the rally from days low, got resisted at 38.2%/ day pivot. my understanding is only if price sustaining above day pivot should be traded for long side.

is my understanding correct, please guide

rrknan said...

Some of you may have noticed, PE's prices have not gone up and CE's prices are stagnant. ?

shriram said...

Absolutely sir,...

Asked u for playing the 0-2 trednline to support 1 time, basically

chetas said...

Illango sir,

on the bigger picture,

A= 4532-5630, so C = 4770+1098= 5868.

But i saw sensex had already reached the A=C trgt, A= 15108-18120, C = 15748+3388= 19136, reached on 5th october, is this has any relevance form EW point of view.

Pankaj said...

NS is defining 5562 as a support line by touching it again and again.

Sanjay Jaiswal said...

Dear Ilango Sir & Blogmates,

OI Table Update at 1:00PM, VAH:5640, POC-5602, VAL-5569, WVAL:5594, Pivot:5604, VWAP:5584

Bears making sure that 5700 level remains out of bounds for the Bulls with huge intra addition and now OI above 87 lacs, Bulls stills not very sure to overcome 5600…

Thanks & Regards

Ilango said...

@ chetas,

During corrective phase, a previous low gets broken as in a zigzag. It need not be bearish all the time.

Prices have been trending up in a channel from 4770 to 5815. A "decisive" break(false break downs are common in 4th waves) of this trendline would be bearish.

This week & next week's close(includes month's close on 30th Nov) would reveal more & clarity will emerge.

For intraday, often pivot plays an important role and when it coincides with other critical numbers, it becomes more relevant. The last number in TT averages is 55 DEma-5587, weak below it.

chetas said...

Thankyou sir, for the clear guidance :)

shriram said...

Ilango ji,

If the "false" brek , violates the 0-2 line (4770-5216) , should we assume new DOWNTREND ?

Or re-draw a new 2-4 line or wait for the wave to Re-enter the OLD channel ?

Ilango said...

@ shriram,

I have accordingly suggested 5535 as a SL for "aggressive longs" as the trendline support reached almost.

In sensex, it has breached and trying to re-enter the channel.

However, we do not redraw the channel normally. This will help in identifying subsequent weakness, if any.

anmpatel said...

@master
at which price sensex will enter back in channel?
thanks.

Parimal said...

Nifty bracing to break Friday's low, very weak Nifty indeed

CDG said...

Every one is lookiing it differently...
To me it seems that each low (now till 5550) is being actively bought into !!!!
Do anyone else has the same view point...

STOCK4SURE said...

A SMALL BULLISH WW DEVELOPING IN NS CHARTS
pt5 formed near days low
pt 6 trgt price may be near 5597 near 11am tommorow

rajapvt said...

@CDG: View is different based on time frame and the setup they trade with. Master signal is aggressive buy. Conservative traders yet to enter longs.

Parimal said...

Dear CDG
i do agree with you. yet, strength is very much lacking

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