Friday, December 28, 2012

Nifty Intraday Update-I


37 comments:

J.R.Julius said...

★★★ Nifty Spot Intraday Numbers ★★★
↑ Buy Zone/Upside : 5906-5925-5944-5964-5983-6002
↓ Sell Zone/Downside : 5879-5860-5841-5822-5803-5784

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.

DZIRE said...

Namaste Ilango Sir & all members.

anmpatel said...

@master
which price triangle breakout this hour??
thanks.

Ostrichtrader said...

Triangle upper trendline very close....with these volumes :(( its prices being printed up ...not a genuine rise....we may spend the entire day in this 20 point band

HARISH TAHKKAR said...

Observation & Opinion :
Mrket shows all buy triggers,
I prefer to leave the trade or wait for its cool down as it is not worth risk.Being Bank nifty
spot & fno stretch 5 M area.

marketrider said...

@ ilango sir & blogmates good morning

ITradeForProfit Daily said...

Initiated intraday short at 5906 as per ND Sir's ATR sell zone.

Piyush Sharda said...

@julius

the change in premium is so huge that it upsets
calculation in intraday
ie today premium was 40 points in correction and on 5904 breakout it went to 47 points. i have observerd such difference is usual. shud we have
intra levels(like what u post) in nf or ns

Ostrichtrader said...

Market makers are going to play swings eating premium....no genuine trader will play big...considering fiscal cliff meet on sunday...Its impossible for the market to break down today...its in the interest of Operator to keep the price here itself+/- 20

Debdeep said...

80% of yesterday's high and low is 5917.58

marketrider said...

@ ilango sir

at the time 10:00 am
5865 to 5905 looks 5 waves.
now looking 5th wave is running from 5894.

sir,
my question is : we should take trade at end of the 5th wave. how we confirme 5th wave complete and A wave start.

with thanks

rajapvt said...

@Mynac: 50 points premium?

Debdeep said...

Contracting diagonal triangle in 5th subwave?

Prabha Gopalkrishna said...

@Marketrider
5 will end at 38.2% or 61.8% of 0 to 3 ....Courtesy Ramki..

IndieTech said...

Just checked few stats yesterday - Dec 12 High-Low range is lowest atleast in last 36 months! Also, Oct to Dec 12 High-Low range almost half of the average for preceding 11 quarters. India VIX is at 4+ years low.
Any thoughts? Does it sync with EW studies? Any historical experience of such contracting range? Sir and blogmates, please share thoughts...

Shradha Saburi said...

ये 5900 कब मुजे छोड़ेगा
मेरा गम कब तलक मेरा दिल तोड़ेगा
http://www.youtube.com/watch?v=eFa-FuCkVU4
regds

Sanjay Jaiswal said...

Dear Ilango Sir & Blogmates,

OI Table Update at 11:00AM, VAH:5955, POC-5937, VAL-5926, WPOC:5931, Pivot:5944, VWAP:5943

The PE Writers have taken the lead with huge addition seen at 5900-5300 levels, small addition seen at higher level CE with resistance developing around 6000…

Thanks & Regards

charan prasad said...

indie VIX was low before 2008 crash and high before the rally of 2010....fellow traders if am wrong comment on this

abhinav said...

Dear IIlango sir Good mrng
Yesterday you wrote 2 scenario as follows

Market could move either way:

Scenario A: Market does a lower high @ 5930 - 5955 and reverses with a close below critical averages.

Scenario B: Market holds 5855-75 zone and breaks past 5925 towards 6000-6150 and then commences the fall.

after that you wrote
For Scenario A, the "resisting should happen by tomorrow if not done already" and "the break down should happen by Monday or Tuesday".

It happened yesterday that marktet made low high and closed below HEMA and DEMA. and resisting today at that trendline

Should we consider scenario A in Play.

Ostrichtrader said...

for reminding us of these words....@abhinav you get a BEAR HUG from me........

Ilango said...

@ abhinav,

Both the scenarios are @ work.

Just as the resistances have held as per scenario-A, the supports too are holding as per scenario-B.

Break above 5912 would tilt it towards scenario.B.

Break down below 5880 would tilt it towards scenario-A.

prakashbkc said...

GM Master,

How u manage both consevative trade & JNSAR trade?
Do u trade JNSAR in near month fut & conservative in next month fut?

akki_tank007 said...

market is waiting for some news to react and it will move out of this range when it gets some news form across the atlantic (cliff)

rajapvt said...

@Ostrichtrader & Abhinav: Views can change quite often in complex corrections. Picture change every now and then. Feel the price factor (JNSAR as per the hourly/daily time frame) and trade accordingly. Just stay on right side.

Kumar said...

@ charan prasad
Volatility Index is a measure of market’s expectation of volatility over the near term. India VIX and Nifty is inversely proportional. It means, now it is very much low it is indicating for the Break Out and waiting for the US Cliff Signal. Experts can throw some more light on this.

akki_tank007 said...

and the cliff wont be resolved on dec 31 it will only resolve when market corrects which forces the politicians to resolve

rajapvt said...

Very interesting: https://www.stephencovey.com/7habits/7habits-habit1.php
http://www.ndoherty.com/circle-of-influence-circle-of-concern/
http://experiencelifefully.com/your-circle-of-influence/

Debdeep said...

Look like another rounding top under formation like yesterday.

S N said...

Sir

Just a curious question. As per JNSAR , it turned to sell @ 5887 yesterday. We are supposed to hold the short accordingly. If so, what made you to go long at 5930 jan futures yesterday itself ? was it based on EW or any other reason ? Regards

SN

J.R.Julius said...

@Mr.Piyush,
30 Mins NS chart
PA Signal for Intraday:
Key Levels from Mother Bar 5910[BUY] 5893[SELL]

Ilango said...

@ S N,

As we anticipated & observed a 5 wave upmove from 5845 to 5931 yesterday at open, the pre-mkt had a suggestion to buy into the retracement. Owing to the settlement unloading, it fell deep but did not break 80% @ 5862.

It was based on EW.

Ostrichtrader said...

@ SN ..................is Ilango sir......long??????????? Sir ,please update....and enlighten

Ilango said...

@ Ostrichtrader,

Sell on rise initiated @ Pre-Mkts 5906-13 zone and it will be reversed to "Longs" again above "5912" with SAR @ 5895..

Ostrichtrader said...

Now my head is in the sand.......I can see stop loss being hit even before it has.....I was till now hiding behind The Ilango ...........:(

Piyush Sharda said...

@julius

in 30 min chart that bar is maribozu in 10-10.30 bar. if low of bullish maribozu breaks its bearish

posted a query abt nf/ns for u

Ostrichtrader said...

Sir, although you are against the concept of calls in the market......can there not be a colour code somewhere here......which tells us whether your current position in the market is Green or Red...........only that much.....I mean most of the time we traders look like 2 headed Hydra ...looking both north and south

Post a Comment