Wednesday, December 5, 2012

Nifty Intraday Update-I


40 comments:

SAM said...

reposting

dear Sir any target for RIL ... where long term investor can book

Prabha Gopalkrishna said...

Master Good morning
If 5903 breaks is it the completion of 5.1 or 5...
As 1 and 3 are equal can wave 5 be an extended wave.
Thank you in advance

Shradha Saburi said...

HOUR SUPPORT RESISTANCE CHANNEL 5889-5880-5866-5838-5804
NIFTY CLOSED ABOVE THE WEEK JNSAR HIGH (5810 -5820). NOW NIFTY IS IN BULLISH TREND. NO SHORTS AT ALL UNTIL IT CROSSES WEEK JNSAR HIGH DECISIVELY.

MONTH VOLATILITY IS CONSIDERED THEN NIFTY MAY FACE RESISTANCE AT 5850-5950.
Note:
Nifty again closed just above the hour channel trend lines thus these lines are become support lines. Again making room for the tomorrows opening. If Nifty opens above the close( 5889) then it will continue upward journey. If it opens in between the 5889 -5866 then we have to wait for the call,but if it opens below 5866 then it will have weakness up to the 5800. Below it will start its journey towards developing JNSAR.
Day JNSAR high and week JNSAR high have almost become equal thus it may give strong support to the Nifty.(upward move stability increased).
Posted by Shradha Saburi at 04:32

DZIRE said...

Namaste Ilango Sir & all members.

Prabha Gopalkrishna said...

@Sam STER is currently in 4c of its weekly charts.

abhinav said...

Dear Ilango Sir,
Just one question, want to know your long term view on market is this start of new bull trend or still we are in correction. When this upmove will finish, again we will start new down leg with target of something around previous low of 4500,or its just a myth now.....

Ilango said...

@ Prabha Gopalkrishna,

I have given, accordingly, two retracements in the table. Follow them; that should guide you whether 5.1 is done & 5.2 is in progress

or

5.3 in progress.

There are no technical weakness.

SAM said...

@prabha I am not sure of Elliot wave :(

Prabha Gopalkrishna said...

Thank you Master.
@ SAM..Ok go it...

Ilango said...

@ abhinav,

I have no opinions. I follow.

There are few possibilities that Nifty will halt around 6000 and start a correction;

OR move higher towards previous highs of 6350 and then correct.

Having opinions is quite dangerous. Traders just can not realise it. It makes you "rigid" in your mind that "a change in direction" is not accepted because of such opinions.

The tendency in the market is to "forecast high levels whenever mkt is impulsing up". When Nifty was going up from 4531 to 5630, such forecasts were made. But Nifty corrected to 4770 by 860 points to resume another uptrend.

Be on the right side of the market to make money.

sandeep bhoite said...

@ MASTER

There is Negative Divergence in hrly chart from RSI reading , looking at all higher time frame in buy mode , kindly guide what / how do we should look at that ??

Prithvi Yashashvi said...

@Sandeep bhoite,

Buy in dips

Ilango said...

@ sandeep bhoite,

If "Hour TA suggesting weakness with day/ week TA in uptrend", it could either be played for some intraday gains; weakness would be below either 5882-89 or 5871 only.

OR

Leave such trades.

We have suggested to part book @ 5910-30. One could re-enter @ either 21 hrsma or 34 hrsma.(These are rising)

Ilango said...

@ sandeep bhoite,

If you are concerned about "intraday swings" and also interested to trade them, the only way to make money, the best way, is to follow:

Supports and Resistances

Read Pre-Mkt's aggressive trading range; they reward you.

sandeep bhoite said...

@ MASTER

Thanks for your teaching ,, i always follow ur words to learn & that reflect in my account too :) as you always says Get rich slowly :) but for that prepare with deep knowledge & discipline ,, again thanks for teaching us

Ilango said...

@ sandeep bhoite,

Simple study is enough but deep understanding of that simple study alone can give you knowledge.

Knowledge is of no use absolutely....

unless...

You act on them...apply them...make it part of your trading/ investment plan.

No one can do that for you. Only you can, if you're determined.

Are you hungry enough to get rich??

Parimal said...

Tata Motors (future) is ruling at 277. it has immediate resistance at 200 DMA (286) which it attempted previously to cross at least four times but in vain.

Sanjay Jaiswal said...

Dear Ilango Sir & Blogmates,

OI Table Update at 11:00AM, VAH:5922, POC-5912, VAL-5902, WVAH:5907, Pivot:5915, R2:5937, VWAP:5945

A gap-up opening, but nothing much to show in the option table in reference, with PE writers not much active. 6000 Level still looks like strong resistance…

Thanks & Regards

Parminder said...

This hour closing below HHEMA

Guru Krishnan said...

@Ilango Ji > Great post once again! Thanks a Ton!

suresh said...

ns < 5893 fast fall & > 5922 fast rise
candle close basis

rajapvt said...

@suresh: hourly candle @12?

Parimal said...

SBI on a bing again today. as if no holds barred.

shriram said...

Ilango ji,

C.5.3 in last phase, max another 30pts UP ?

Rubber band is getting over stretched ....

Ilango said...

If 5.2 done @ 5894 & 5.3 has commenced, then 5897 should not get broken.

If it breaks, either 5.2 is postponed to a little lower level-50% to 61.8% @ 5889-82.,

OR

(v)of 3rd is done @ 5918. In such a case, break of 5871 alone would confirm.

In simple terms,

weakness below 5897 for 5882-89;
More weakness below 5871.

Presently the resistances would be "5906-10";
strength above 5912.

Prithvi Yashashvi said...

Sare indicator positive ,

Lagta hai bada zatka aane wala hai

deepak pinto said...

long till 5870.20 is broken as that is the high of the 1 or start of the 2 subwave of the current impulsive 5 of the 5 of the 5 starting from 4770.
or it could be read as 1 of the 5 of the 5 of the 3 starting from 5217.
either way it could extend and so it is either long or long on dips or wait for the levels to show reversals

bb said...

Blogmates:
Is there any site where we can get a list of stocks crossing their 200DMA on a realtime basis or atleast EOD basis?
Any suggestion is welcome. Thanks in advance.

regards
BB

sandeep said...

master u really give confidence with ur words great

sandeep bhoite said...
This comment has been removed by the author.
Arun v said...

Thank you master G for timely comments, Yesterday u mentioned that, 2nd set not showing enough strength, so calculated that there will be retracement from opening high, as like I asked in the morning, exit longs at 5917 and shorted and covered at 5895 (Gap filled)now went long from there and trailing at rising HHema.

sandeep bhoite said...

@ MASTER

Sure Sir ,, acting always on my study & its wonderful journey now & ahead ,, I always keep myself on your feet as a student for that & words are not enough to show that feeling :) as I said you are my Rich Dad .. :)

Prabha Gopalkrishna said...

@bb
http://www.crnindia.com/support/dma1.htm

sandeep bhoite said...

@ MASTER

Yes... absolutely Sir.. :) Would lIke to stay hungry ,foolish., & learner for a life :) Adopting knowldge from You ( RICH DAd ) to satisfy my hunger :)

shriram said...

tks ilango ji,

by C.5.3 wot i meant was the EXTD wave Up from 5594 , but ultimately 5871 - 5850 hold the keep evidence to determine , as u said :-)

tks

Parimal said...

My Dear BB
you may visit TopStockResearch.com

bb said...

Dear Prabha and Parimal:
Thank you both for the response.

regards
BB

STOCK4SURE said...

sir,
Is it possible as per EW analysis that nifty may trade for few more days in tight band of 5949-5858 levels with days trading range in 40-50 points only

Post a Comment