Wednesday, December 12, 2012

Nifty Intraday Update-I


54 comments:

satheesh said...

Namaste Ilango sir and all,

Sir Month, week Day and Hour Pivots seems to be in range 5901-5910. So only a desicive move above 5910 would give more upsides. Is it any Bullish indication? -or can we just take it to be the major resistance as Nity is trading below 5900 currently?

satheesh said...

Please read the above as *Is there any Bullish Indication?

SANPOT said...

Ilango Sir,on 60 min chart Nifty spot, RSI-14 day is showing a double bottom at 43.76 on 6th of Dec (price 5838) and 44.15 (price 5865) yesterday. Also the lower B.B is at 5870, M.B.B at 5909 and the U.B.B at 5948. Can we consider weakness below 5865/70 and strenghth above 5948 and range bound between these levels?

Sai Bhakt said...

premium in NF increased by 10 points

Arun v said...

Mass buying in 5900, 6000ce options, trail shorts, RSI down

varun kumar said...

Dear llango sir
As per fibb. Down move has been triggered below 5907 ?

Bhushan said...

Good morning Gurudev and friends

Ilango said...

@ Manish, satheesh,

Pivots keep rising with momentum in uptrend and whenever prices dip below pivots after a sustained run, it gets supports and rally higher. When it finds itself weaking at an opening session without reaching R1, that would be an early indication of weakness and market's susceptibility to move towards S1 or lower.



Ilango said...

@ SANPOT,

Do not read oscillators in that fashion; it would mislead you.

Observe them for strenth/ weaknesses or trending up/ down & for divergences.

Your levels are reasonable.

5927-5939 resistances with 5945 as negation point;
5881-88 as supports with 5877 as negation point - as per fibo table.

Nifty has done both resistances(5925) & supports(5892) close enough.

Now for some guessing work.....

Smita said...

Sir 80% of move from 5925-5892 comes to 5918 . Can we say move above 5918 would negate the bearish views .

Arun v said...

smelling another new high today, is it 5977?

Ilango said...

@ Smita,

My simple understanding was:

If bullish, the fall from 5965 to 5865 was "c of 4" and 5 should start to unfold.

It started from 5865 in an impulsive fashion in "i" but got fizzled out in "iii". Hence, ST bullish view negated.

Being confirmed as a corrective bounce, 5865 to 5925 could be "a" and a frustrating "b" wave is on, to be followed by "c" which means a high past 5925 is possible in this corrective upmove provided 5892 is held (In an irregular flat, even a new low is possible before making a new day's high).

prakashbkc said...

GM Master,

Master today also on 10am chart developing JNSAR
taken. Yesterday also 2 pm chart Developing JNSAR taken I traded on yesterday on this JNSAR (5880) by creating short & carrying & when I see today ur Pre market trade table actually u bot at 5870.
I m unable to understand this. kindly explain how to trade in such situation

Hari said...

Good morning Master & JN family

Have a nice day !

Smita said...

Thank you Sir for the guidance .

Regards

DZIRE said...

Namaste Ilango Sir & all members.

amber said...

Sir Ilango ji yday you had mentioned for a up move to happen 5855 has to sustain i could not understand that level kindly update thnx

Sanjay Jaiswal said...

Dear Ilango Sir & Blogmates,

OI Table Update at 11:00AM, VAH:5972, POC-5918, VAL-5898, WPOC:5946, Pivot:5943, VWAP:5939

After a huge volatile day of yesterday, it’s a dull day of trade with not much aggressive writing by either party till now…

Thanks & Regards

Sujatha said...

GM sir nd all :)

Rajini awards goes to "oscar"

Twitter follows "rajini"

Shiva - Mera "trishul kahan hai"?
Parvati - rajinikanth legaya
Shiva - kyun??
Parvati - "Maggi"Khanne ke liye

why market not moving either side - Still "rajini" didn't give any "instructions" to mkt


shriram said...

Rounding Bottom on Goo-fin 5min candles..

can seek 5960 ...

rajendra shinde said...

October IIP at 8.2% vs Estimated 5.1%.

Arun v said...

Is this news is capable for a new High today, anyway longs trailing just above buy price, will hold till EOD-do or die, no loss or huge profit- that's it.
The Index of Industrial Production (IIP) for the month of October likely expanded at a robust 4.9% versus a contraction of 0.4% in September says an ET Now poll. The consensus range of the poll stood between 1% to 7.5%.

Manish said...

@ Master,

Thanks for your teachings again.

anmpatel said...

@SMO
5960....yummi...
is there any reason other than JNSAR, to hold last lot??

Sai Bhakt said...

will market remain like this till rbi meet, 1 day up 1 day down?

N Ram said...

Level for the day 5912. Nifty > 5912 , 5925-5950-5965. Nifty < 5912, 5880-5850

Ilangoji,

I have given only the levels. You can delete it if you dont want this also.This is as per my view of the markets.

shriram said...

@ ANMP:

Strength of pattern, not Evidenced ...

may be converting into a CnH , who knows ? :-)

chetas said...

why suddelny IIP at 8% double the market expectation. because they want retail/ news followers to buy now, so that they can distribute, in a bull market, this kind of news should have given 50pt rally, but not even touching day high,

ha ha , remembering the past how i used to buy on good news only to huge losses :)

chetas said...

shriram, do you see this as rounding bottom, forming at this high level ?

I was seeing it as trying to make 61.8 retrace of yesterday fall and failed, and gave back 50% and retried to go above days high , now only time will tell whether is a RB or DT in small time frame

would be good if a H&S forms, ha ha

Manish said...

BN weakening now below 34 hour sma at 12338.

Regards master

shriram said...

Hi chetas,

Intra 5mins pe jaise dikha vaise likha re baba :-)

its invalid now... bulls ahve to protect 5896 & try to form a INtra day CnH ..

below 5896, we may be finishing 4.c as an Expanded FLAT min 5864

And all these r Bullish lables, the main Bear lable will activate below Wk EMA @ 5820 :-P

prakashbkc said...

N ram sir,

Any view now on nifty & BN

N Ram said...

@prakashbkc

see my blog

CDG said...

@Ilango,
the lead Indicator (14D) has spent aabout 9-10 days in OB region and is ready to come out of it by today itself or tomorrow.
the moment it happens, combined with JNSAR Short trigger, it will be a really scary scenario for Bulls. Clock is ticking..

Prithvi Yashashvi said...

@DR sir,

12.12.12 and 12.12

Tushar said...

Hello Sir, If we see the market performance of Nifty since one year before last general election (2009), It was total bearish. Although there were some other triggers like Lehman Brothers, Satyam etc.. Do you see such things forming in terms of technical? PLease reply when every you are free.
I am sorry if I asked irrelevant question.

Thanks
Tushar

N Ram said...

@prabhakar

Sorry. See my blog for charts. My view is

Below 5912-5900, I see markets dropping. Since there is a sideways movement, there can be whipsaws also.

N Ram said...

If you had observed the price, it just went 5 pts above 5912 and could not stay above. It could not take out morning high also. Let's see .

Smita said...

Sir 5 waves done from 5921 - 5885 ?

STOCK4SURE said...

a bullish WW may develop in nifty charts
nifty may move up till 5905-08 range and then may drift down again for lower lows near 5875(pt5) near 1.45pm and then will move up again for trgts abv 5930(pt6) till tomm

Sai Bhakt said...

NF premium increasing

ratnakar said...

12:12:12 on 12.12.12, Sau sal ka ek mahan pal.

abhinav said...

Dear Sir,
JN SAR triggered should we go short now...

shriram said...

S4s,

do u see a Bearish WW forming >>?

chetas said...

abhinav

today JNSAR 5878,

only tomorrow5888,

shankar said...

Ilango sir what is the ideal stop loss 2 hours low or 3 hours low?

chetas said...

todays game is in NF premium,

Post a Comment