Thursday, December 27, 2012

Nifty Intraday Update-I


45 comments:

J.R.Julius said...

★★★ Nifty Spot Intraday Numbers ★★★
↑ Buy Zone/Upside : 5932-5951-5971-5990-6009-6029
↓ Sell Zone/Downside : 5904-5885-5866-5847-5827-5808

Intraday Numbers based on 30 Minutes ORB - Filters may be added with ORB in some special conditions - Levels Clustered using Gann angles for Trailing & Part Booking easily. Stoploss 20pts or swing sup/res in 5 minutes chart or ORB. Personal Decision Advised.

Mangoman said...

Any expiry prediction contest guys?

DZIRE said...

Namaste Ilango Sir & all members.

gauresh59 said...

Namasthe ilango sir and friends,

Today's quote received :

Look back & get Experience!
Look Forward & See Hope!
Look Around & Find Reality!
Look within & Find Your self.

Dinesh Rishi said...

Good Morning Master an copy to All

Manish said...

Goodmorning master and all JN friends,

December series high 5965 and low 5825.

140 points range.

BN breakout above 12540 should resolve the issue is my take.


Shradha Saburi said...

Today's quote received :

Look back & get Experience!
Look Forward & See Hope!
Look Around & Find Reality!
Look within & Find Your self.
December 27, 2012 10:22 AM
lot of thanks Gouresh
no one else can give such a nice quote here than you!
Look within & Find Your self.
point is noted down to remove the fear.
regds!

sandeep said...

jai hind master, dr ji, julius sir

J.R.Julius said...

@Mr.Shradha Saburi,
Expecting Your valuable Post & Advise Regarding 'FEAR' in this Weekend. Thanks in Advance.

J.R.Julius said...

@Mr.Sandeep♥,
Good Morning - Have a Nice Day.
Jai Hind.

gauresh59 said...

@ vShradha Saburi,

I am just sharing the quote received from my teachers everyday.....

Credit goes to my teachers ....not to me, dear.

suresh said...

sir ji,
if stock/index is > dhema & >dhr-ema,
where could the next probable tgt be ?

sudharsan said...

Good Morning Master and Friends

Sanjay Jaiswal said...

Dear Ilango Sir & Blogmates,

OI Table Update at 11:00AM, VAH:5926, POC-5913, VAL-5884, WVAH:5926, Pivot:5902, VWAP:5913

Based on OI addition till now a dip below 5900 in Future looks less, an Expiry around 5900 is the best the Option writers can think of…

Thanks & Regards

ITradeForProfit Daily said...

HHEMA 5914 defied again this hour also.

Ilango said...

11.00AM TT & a new chart updated.

STOCK4SURE said...

Sanjay Sir
O.I in 6000ce increased by 24 lakhs till now
cmp 0.20
is it indicating a buying???

STOCK4SURE said...

sorry its 45 lakhs now

suresh said...

sir ji,
awaiting your reply please

SAM said...

Dear Sir,

I have one doubt...

Y it cant be labelled as

A: 5839
B: 5965
c: 5839
D: 5939
E: 5843...

Kindly reply sire once you are free

prakashbkc said...

GM Master,

YEsterday u said At 10 am TT shows buy, prices close above all no of Hr TA D
Did u mean price close above all these nos as follow-
Hr JNSAR, Hr Pivot, Hr J10 SAR, HHEMA, HEMA ?

Ilango said...

@ SAM,

http://www.elliottwave.net/educational/basictenets/basics3.htm

SAM said...

Dear Sir ..
:

I saw Triangle pic .. But got more confused.. Still not able to make out y it cant be .. whats wrong if we label it that way ...

I always get confuse while labeling A wave of triangle...

Ilango said...

@ suresh,

TT generates signals.

And if higher numbers are available in the TT, you would find them as minor/ major resistances during an uptrend depending on technical position of diff. T/F and vice versa in downtrend.

Presently, prices are almost above all the numbers.

Targets are possible based on patterns or EW or fibo table.

"Following the prices" would lead you to higher profits, a habit worth cultivating....comes quite handy during strong trends...up or down.

SAM said...

movement from 5839 to 5965 also in 3 wave ... :(

SAM said...

Sir ,
Is it because we are in uptrend you are giving preference to bull market descending triangle diagram

suresh said...

sir ji,
thank you,
got my answer to the querry

Ilango said...

@ SAM,

Triangles in uptrend has start from a high point and triangles in downtrends must start from low point.

Only an irregular flat correction could have a high point in its (b) wave during uptrend (For eg:5548 to 5638 was the i st wave where as the 2nd waves (b) made a new high @ 5643 during an irregular flat correction on 22nd Nov - such irregular correction gives you the clue about the impatience & strength of bulls) and low point during downtrend.

SAM said...

One more reason i got confused is because throw overs and false breakouts are common in E wave ... which actually happened where point D is labelled..

Please sir help me to clear my confusion ...

Ilango said...

@ SAM,

Such triangles could become a "Reversal" as well as "Continuation" patterns.

Spotting them helps to understand market's mind.

Ilango said...

@ SAM,

You want to "Predict" and hence, the confusion.

Follow the prices, there is no confusion.

You could choose to take a bet on one of the options based on other factors such as FII's data, OI data, VIX, Tech.table, JNSAR and so on.

OR Choose to "sit out" till the range is resolved with a break out or a break down.

SAM said...

But Sir .. as per edward and magee book descending triangle are mostly bearish pattern .. In that case is it suggested to change the preference count of triangle.. how we decide in that case which label is correct ...

Sorry to bother with my questions are childish ...

Ilango said...

@ prakashbkc ,

When you get a "Buy signal" with a close above all or almost all nos in Hour TT when the technicals are "Oversold", the risk-reward is favourable.

SAM said...

Thanks Master ..Golden words ... It is one of my biggest mistake i keep on making .. predicting the price movement .. and burnt my fingers many a times ..

Ilango said...

@ SAM,

For Bulls:

http://www.leighdrogen.com/some-descending-triangles-are-powerfully-bullish/
===========================================
For Bears:
http://books.google.co.in/books?id=wklriRw9a1oC&pg=PA762&lpg=PA762&dq=descending+triangle+by+edwards&source=bl&ots=MUVSYOGU83&sig=CTx5orfWBnSVBRB9-ZSYMjjX_LI&hl=en&sa=X&ei=xefbULviA4m8rAeTlICQBA&ved=0CC8Q6AEwAA

=======================================

Allow the market to resolve it. It is critically poised.

SAM said...

@ master ..

I was impatient and restless since many days for this triangle question ...

I got my answer ...

"Triangles in uptrend has start from a high point and triangles in downtrends must start from low point."

Thanks .. Thanks .. Thanks a ton

CDG said...

WHEMA very good support since morning.....

SAM said...

Thanks Master again ..

Que sera sera said...

Master,

but if we consider 5823 as a wave of triangle and draw trend line from there, it will be more of a symmetric triangle rather than descending one.
how to decide master, which one to follow..bit confused

thanking you

Ostrichtrader said...

5900 NF gap support.....however Hour nf charts has a trendline resistance @5930--5945 levels.the triangle/falling wedge doesn't seem to get resolved in a hurry

Ostrichtrader said...

Also the target of FnP or triangle....both patterns seemingly here are giving different targets...there is some confusion in Bull camp...which may fail this pattern

Billgates said...

Ilango,
what about negative divergences on daily and weekly charts.This is first time i am seeing negative divergences not acting or may be tommorow they may show effect.
What will be negation point for weekly negative divergence shown in your TA file.

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