Friday, November 30, 2012

Nifty Intraday Update-III

71 comments:

Ilango said...

@ SANPOT,

It is a possibility. Next hour or two would confirm it.

I looked at it as an irregular correction only.

@ suresh,

I am not able to understand your question....with ut & dt..???

Parimal said...

After a steep rise from 200 of 70 points followed by correction of 50 points, BHEL is consolidating within a small range (between 240-220).

Ilango said...

@ SANPOT,

Besides ED forms only when there is exhaustion. No indications of it yet.

SANPOT said...

Thank you Sir,if ED then "d" likely to end at 5881 levels.

mynac said...

Almost 25lac intra NF O.I.addition is there which is restricting straight up move beyond day top..in-spite of higher top lower bottom every Hr.Hr.KST indicator showing sign of exhaustion...let us see..

Sujatha said...

Cooldent ji - sorryyyyyy for the delay...Many Many Happy Returns of the Day..

PG = not necessary for a room.. sitting in a "room" only hence the effect may be

satheesh- hi kuppa thottiya kanamappa...yenna kodumai??? not able 2 delete my post :( khana kanjittu varen..

Julius - mm..thala kanbichathu..thalaya pathuttu veliya vanthachu.. y fighting with anaconda?? it may swallow me too

vel - very nice name :) may lord Muruga do some "soorasamharam" on nifty

SAM said...

@master nifty is above all the number in hour frame but still u painted it in red ... please master can you suggest why it is done...

shriram said...

--> back

yes, mynac the stats rule has a %likelihood of 67% ...
so , past 2sessions, ysday & today... looks like the 33% case days :-)

In any case , outer zone for the rule is 110 pts , so this is very near the TOP for day ... ase ganit sangaat ahe :-)

Parimal said...
This comment has been removed by the author.
ITradeForProfit Daily said...

Based on yesterday's and today's comments from master, my view is one should not even think of shorting nifty until it trades 50 points below its nearest daily top.

Am I correct sir?

Prithvi Yashashvi said...

3rd wave completed @300% near 5977.

Now 4th continued????

Parimal said...

CNX MIDCAP (NSE:CNXMIDCAP)
8,150.30 +110.20
robust gain on this important barometre of Indian Stock Markets. no weakness as yet (small corrections are reversed swiftly). if any weak point comes on chart, shall certainly intimate here.

Ilango said...

@ SAM,

Which is being painted in red??

suresh said...

sir ji,
if stock is in ut and then pullback,how can v know whether ut will continue or a change of trend
i.e dt will occur and vice versa during dt

suresh said...

i.e whether there will be a bounce or a break
during pullback or a bounce(push up)

Ilango said...

@ ITradeForProfit Daily ,

Even that 50 would be bought into but its inability to make new high/ inability to move above 80% of the fall would be an ideal low risk-high reward set up, if one is having bearish ideas.

Besides these,

negative divergences;
Closing below DHEma, etc.

Prabhanshu said...

Hi Ilango Sir,

any chances of reaching R3 after ATR break out?

Indus said...

@Ilango

Refererence our earlier exchange: ORB upside breakout and ATR breakout.....5925 again???

Ilango said...

@ suresh,

ut=uptrend; dt=downtrend ......understood now.

You need to study our:

Applied Technical Analysis
It is a comprehensive study which will let you understand market internals.

There are topping patterns; topping signals from TA & TT. And JNSAR would confirm it.

jay shah said...

is anyone using the hourly 5ema or hourly jnsar for trades if anyone is ,can they please tell me the results as i plan to back test them many thanks

Kranti said...

Ilango Sir.. Do you follow Trendlines Resistance / supports on larger time frames ie., weekly & monthly? Or since our core time frame is ' day ' we dont look beyond Day trendlines except for Moving averages of larger time frames to understand higher level resistances / supports & fibo?

Ilango said...

@ SANPOT,

One major flaw in your ED.

ED in uptrend should be labelled from a 4th wave low whereas you started it from the 3rd wave top.

Revisit your label, reflect on it.

Please combine TA with EW, your understanding will get sharper.

bb said...

Ilango, is it ok to enter Tata Communications now or wait for some correction?

SAM said...

Dear sir,
number in HIGH column of hour ,day and week . (TT)

Parimal said...

A huge difference between 3.12.12 JNSAR and J10SAR 5668-5714-- i have not seen this kind of a difference since long!

Ilango said...

@ Prabhanshu, Indus,

Success of such strategies lie in the trend's early stages.

Still R2 has not reached.

Possible only if 5860 is held now.

Pankaj said...

Its topping. Probably just one more leg up towards 5897 or so, and we are done.

SANPOT said...

Thank you Sir, I was thinking it is an ED in vth of the ongoing 3rd. Accordingly now "e" should end at 5660 levels and then the final thrust up of the 3rd.

Ilango said...

@ SAM,

As a new high is made, TT shows "red". Get used to it.
As new lows done, it'll be shown in "blue".

STOCK4SURE said...

5th pt of bearish WW done now waiting for trgt of sub 5840 levels on monday

Pankaj said...

@Shriram, what do u think?

Ilango said...

Watch the volume in certain stocks when they rise and fall.

Tata Motors..

ITradeForProfit Daily said...
@Master,

A very sincere question.

The undertones of the individual stocks, tell me that we can have a bearish engulf tomorrow. This is based on a study that covers rising price rising volume and rising delivery. Today, we have seen in most stocks rising price, but is not supported by rising volumes and the deliveries have gone down in most of them.

However, it will end above your month end figure of 5661 and also above the JNSAR for tomorrow 5640.

How would you evaluate this view on the market for tomorrow?

Thanks & regards
November 29, 2012 9:10 PM

Sujatha said...

one FIBO No. 8 days given a rise to us..now almost v r 8th day frm low...so tomrow is???? By GOD i donno

Pankaj said...

In fact we are already done with an ending diagonal.

shriram said...

Ilango ji,

Has (iv) commenced seeking Dev.DHIEMA ?

bb said...

Ilango:
Re posting again, please let me know your views.
Ilango, is it ok to enter Tata Communications now or wait for some correction?

Ilango said...

@ shriram ,

If (iv) is irregular correction, more lows possible.

If (iv) was a running "abcde" correction, from this low of 5858(approx), it should rise.

Ilango said...

Another 26 point fall from 5883 to 5857 is being bought into...

Manish said...

@ Master

Tata motors was up 4.4% yesterday with vol.of 2 cr.
Today it is down 0.77% as of now with vol.of more than 3.8 cr as of now.

Please elaborate on your observation.

SUNIL PILLANIA said...

sir

can we take move from dec 11 low as leading diagonal

SANPOT said...

Now got it Sir, it is a running correction. Thank you Sir.

Ilango said...

@ bb,

It was meant for investment purposes and it should be managed with "Nifty sentiment".

I do not follow it daily but suggested it looking at its week chart when it was around 232.

shriram said...

tks ilango ji,

time wise it shud mature a bit , say half session, to be called a (iv), may be ??


shriram said...

Just for Laughs:-

7 Reactions To Ricky Ponting's Retirement ;-)


1. Kapil Sibal: CAG trying to exaggerate the impact of his retirement. It’s completely insignificant. Zero loss to international cricket;

2. Prime Minister: I assure the nation, the culprits would be brought to book.

3. Meira Kumar: No standing ovation please. Please baith jaiyye, shaant ho jaiyye.

4. SM Krishna: Ricky Martin's retirement is a great loss to international cricket. Even Hina would agree with me.

5. Sushma Swaraj: Motamaal kamaya hoga. No need to get unnecessarily sentimental.

6. Shahid Afridi: As a veteran, I'd say occasional retirement is good for health but he shouldn't overdo it.

7. Manish Tiwari: A prolific batsman! Arrey woh aadmi to khud sar-se-pao tak run me duba hua hai!

mynac said...

NF primium comes to 33 pts.

Ilango said...

3.00PM TT & Chart Updated.

Sujatha said...

Sir - yessssssss.. bought into as said by you.. nifty becoming "bakasuran" "gadothgajan" range-kku poyiiiiiiikitte irukku that too in highways.. nothing shakes nifty..finally expecting "the fibo turn date" atleast :)

merc9000 said...

Manish,
in case of tata motors or any other stock:
First you see volume increase with rise in prices.
Next you will see volume increase with no proportional increase in prices.
finally you will see price increases but volume tapers off.
Classic 5th wave top is nearby!
Merc9000

cooldent said...

Want to thank one and all once again for the beautiful wishes. Its an honor to be among such wonderful people.

Sir,
One movie recommendation for you. Life of Pi. Its really wonderful

Prithvi Yashashvi said...

wow,

Cash nifty Rise and future stay there

bb said...

Thanks Ilango for clarifying.

Ilango said...

@ SUNIL PILLANIA,

Absolutely NO.

Pankaj said...

@Shriram: I am surprised that the PM said something! Ha ha ha

Ilango said...

@ cooldent,

Thank you.

The book has let our imagination go wild. We'll see how "Ang Lee" has perceived and created the magic with David Cameron.

Sujatha said...

Pankaj ji - ha ha with permission of "italy mam":)

J.R.Julius said...

now 5828 become important number. Hope Monday Play may be with 5798/5828/5900. Let's see. Everyone Have a Nice Weekend. Bye for now.

mynac said...

Just look @ the cash turnover today NSE 17000 Cr.

Ilango said...

@ Sujatha,

The magic of 5th wave changes a bear into bull.

While the bull prepares itself for a changeover to bear, the bear gets trapped by its bullishness.

Being objective & being neutral while reading prices help(not remembering our positions while reading prices).

chetas said...

after decemeber 2007, and sep 2012, we are having a monthly and weekly close at 52 week high :))

merc9000 said...

Master,
Couldn't agree more on the 5th wave personality.
Merc9000.

mynac said...

Google chart shows double top formation this Hr.if new top shall not be there..

Kranti said...

Llango..Normally i dont go to movies except for these new age 3D movies... Just saw ' Life of Pi '.. Its a beautifully shot movie.. cant believe that tiger is just computer generated

chetas said...

correction, even in dec 2007 and sep 2012, there was a 0.5% correction to close the week, looks like for first time we are closing at weekly , monthly high which is also a 52 week high.

Parimal said...

Bharti Airtel may close of days's high
So should SBI
On support of 218-220 BHEL may rise further

shriram said...

Mynac rao,

BABA res @ 5910 ahead, may hold Bulls now...

Intra day candles can become a CT / ED, if 5885 -90 is HELD

SANPOT said...

Ilango Sir, this 3rd wave of the 5th is more than 261.8%. Can we expect the vth of 5 to be 38.2%?

SANPOT said...

Calculated the 3rd from 5593, Sir.

hbk said...

nifty closing at days high n ril is closing at days low ......what is this man????

mynac said...

Have a nice weekend..
Bye everybody :)

jay shah said...

many thanks sir happy weekend to all

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