Monday, December 10, 2012

Nifty Intraday Update-I


47 comments:

hbk said...

Good Morning Ilango sir & all blogmates.......
@ dr sir.....http://unbfacts.blogspot.in/2012/11/amazing-love-story-in-22-pictures.html

Parimal said...

Sandeep
Ramki Sir has off late revised his target of Sensex (from 18600) to:
December 3, 2012 at 12:40 pm
allow an overshoot to 19820.

akki_tank007 said...

@Sandeep Koppula

parimal is correct ramki has revised it to 19820

DZIRE said...

Namaste Ilango Sir & all members.

akki_tank007 said...

hey i wanted to ask if anybody over here has read ramki's book cuz i want to buy it but i am not comfortable of this ebook format. so i need reviews for this book

shriram said...

Morning master & JN Family,

If counting C.3 from 5033
C.3.5 = 5549 + 416 (C.3.1) = gives 5965

BullFlag Tgt T1: 5980, Channel Resistance above @ 6018-6044

These levels 5965/80/6018-44 may see the end of this Upmove if indeed it is a C.3.5!

cheers

Sandeep Koppula said...

@ Parimal and Akki,
My bad. Thanks for pointing that out. I just checked his comments section and realized that Ramki corrected it :)

Regards,
Sandeep

Parimal said...

Sandeep
also consult the Nifty TA file of Sir Ilango, see Wkly S.Macd line chart of EW counts. He has drawn a similar target of 5the wave to around 6500.

Kranti said...

akki_tank007

Me too need details.. is it readable only in a Kindle?

also if someone can tell us about the book quality it will be helpful

Shradha Saburi said...

Nifty side ways movement may continue for some more time
I will do some my work
Bye Friends See you again.!

Parimal said...

Kranti, Akki
let us not promote Ramki Sir in Ilango Sir's blog.

akki_tank007 said...

Parimal

I am not promting i am just asking if somebody has read it if yes than how goo is it

akki_tank007 said...

@kranti
it is readable in kindle ipod and in you pc as well but for pc you need to install a software called Adobe digital editions

Sandeep Koppula said...
This comment has been removed by the author.
raghu said...

@ Akki---I have read and its a good book..i downloaded it from some site for free..its only available in soft format..
@Parimal-- let ppl talk..nobody is undermining Illango ji..

Sandeep Koppula said...

@ parimal
Sorry. I will be deleting my comments.

Parimal said...

My Dear Sir Ilango
I humbly request you to kindly take pain to write on EW you are so very good at. Just not that you very nicely integrate MAs, EMAs, Price Patterns, Classic Chart Patterns, Several crucial Indicators etc. which nobody else does.
regards

Hari said...

Good morning master & JN family

Have a nice day !

prakashbkc said...


"also consult the Nifty TA file of Sir Ilango, see Wkly S.Macd line chart of EW counts. He has drawn a similar target of 5the wave to around 6500."

Is tr true Master gives target of 6500?

Sandeep Koppula said...

Yes, I would love to see a book published by Master with all the compilations of his vast technical knowledge. Hope Ilango Sir obliges.

As master says, it is the basics and the strong understanding and application of these basics that matter.

Parimal said...

prakashbkc
thanks for correction me. true, Master does not give any targets. he just gives probabilities. it was my slip of tongue.
thanks again.

hbk said...

@ sandeep Master already had published an ebook in the right corner menu of this blog....


Regards

amber said...

Sir ILango ji and every one good morning

shriram said...

Ilango ji,

if 4th has ended SHALLOW @ 5839,

Can 5th be doing an ED(abcde) instead of regular i ii iii ??

Exploring this Opt. becoz up-moves from 5839 onwards resemble 2 sets of ZZs ... ??

Ilango said...

For those who wish to master Elliott waves, a simple reading:

Elliott wave in 4-Parts

For those who wish to master Technical Analysis, a simple reading:

Applied Technical Analysis

For those who wish to master a simple method for financial gain, a simple reading:

JNSAR
JNSAR- a SAR Method
JNSAR for Options Trading



Sunita Mishra said...

@raghu
can u plz share the link from where u downloaded the book and if u dont remember plz send it to my id.
thanx

Sanjay Jaiswal said...

Dear Ilango Sir & Blogmates,

OI Table Update at 11:00AM, VAH:5966, POC-5952, VAL-5938, WPOC:5946, Pivot:5949, VWAP:5942

CE writers for the time being made sure that 6000 won't be toppled in a hurry, with OI above 90 lacs now. Bulls seems sure off 5800 level right now, intra range bound right now…

Thanks & Regards

Sunita Mishra said...

@raghu
my id is sunitamishra.772@gmail.com

anmpatel said...

@master
good morning
for 30min t/f which setting do u advice for macd and slow stoch to capture max movements. i am back testing with rsi(9), macd(5,10,3) and slow stoch(8,3) with 5ema for strength and 21-34ema cross. trade direction above/below 5DEMA.
thanks.

Kranti said...

akki_tank007

Thank you

Ilango said...

11.00AM TT & Chart updated.

chetas said...

Krantu, why bother about so many books, just going through all the materials available in our blog is enough. Sir, has already given just the essence of whatever is needed in the Indian market contect. If you read too many books, your knowledge will go up but you have to still filter out many data and arrive at a strategy, the filtered strategy is whet we get every day from sir, just we need to follw with dicipline and keep looking at the bank account balance growing.

of course many time we will fail, fall down and get stressed, we can always come back to the blog and get back on track.

especially today keep looking at your bank balance :)

CDG said...

@Ilango,
I sometimes get impatient to jump into all these"out of the scope" discussions.
But the best thing and the golden words on your blog is "GET RICH SLOWLY AND QUIETLY".
For me these words are working and so i don't give a damn about others......

chetas said...

cdg,

understood, thankyou for reminder

Kranti said...

Chetas.. I never overdo reading.. That period was over long time back.. I am too old for that kind of reading..sometimes i try to buy few books if they are written by experts and read just due to interest .. just like that Volume Analysis by Buff Pelz Dormeier.. It was so facinating to read a book like that..

prakashbkc said...

GM Master,

U have given intraday sell on rise , on day trend u have bot at 34 Hr sma, this confusing me as it appears to me divergent view?
If time permit can u kindly explain such type of taking trade?

SAM said...

dear sir,

how you will enter a trade is a share is trading between 21hr and 34hr moving average.. how you will decide which side to enter ...

anmpatel said...

@NP
as per your char Bankbaroda given breakout!! good observation bro. thanks.

anmpatel said...

reposted

@master
good morning
for 30min t/f which setting do u advice for macd and slow stoch to capture max movements. i am back testing with rsi(9), macd(5,10,3) and slow stoch(8,3) with 5ema for strength and 21-34ema cross for signal. trade in direction above/below 5DEMA.
thanks.
December 10, 2012 11:02 AM

when free pl guide. not urgent, but your feedback is must.

anmpatel said...

@NP
LT is also trying to reverse after two days correctin. just waiting to close above 5EMA in 30min t/f.
thanks.

Ilango said...

@ prakashbkc,

JNSAR re-entry is based on that day's Resistances, in case of downtrend, and supports, in case of uptrend.

On Friday, the pre-mkt supp was @ 5885 and the rising 34 Hr sma came upto 5889 @ 3.00PM and hence such a trade.

However, aggressive trade is for "Intraday" mostly and it is based on the current TA which has turned to "Sell on rises" based on the close below DHEMa on Friday.

anmpatel said...

two high volume trade on 5913, 5916 few min back. also matching with opening high volume trade.

Ilango said...

@ anmpatel,

I haven't done any technical trading based on 30 min T/F. For short term, I'm using the hour T/F and the TA parameters are available in the "JustNifty TA" file.

I used to monitor the 5-min charts earlier but stopped it long ago.

Presently, observing the 2 min google candle charts to understand the sub-waves but taking a view based on multiple T/F technicals.

Sustained rise is possible only when larger T/F logs into up mode which we have seen in the last 2 - 3 weeks.

Similarly, sustained fall will be seen only when the larger T/F TA logs into down mode.

anmpatel said...

@master
thanks. i got your point.

@NP
thoda bada wala smile karo bhai...

Waquar said...

ilangoji,
Expanding triangle possibility will get negated at what value ?
Currently the 61.8% ret of the last rise is at 5881, could intraday longs be attempted at that level..

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