Thursday, December 6, 2012

Nifty Intraday Update-I


DZIRE said...

Namaste Ilango Sir & all members.

sandeep said...

jai hind master, dr ji , julius ji n all

Manish said...

Goodmorning master,

How do we arrive @5801 for the expected Lows ?

Kranti said...

Manish ..5801 just the 38% retrace ( 5594-5928)

Ilango said...

@ Manish,

5801 is the 38% retracement for the 3rd wave rise from 5594 to 5928.

Another critical number would be month pivot @ 5771 which is closer to 50% retrace.

Hence, holding 5771-5801 is reqd for the next upmove.

srinivasan k said...

Ilango sir nifty come 50dma 5699 if possible

ITradeForProfit Daily said...

After a long time Nifty trading consistently 50 points below its nearest top.

Manish said...

Thanks master.

Noted and stamped.

N Ram said...

The markets did not move at all for the 3 last trading days because of the FDI issue. It was quite rangebound and we can say it is a contraction and is expected to move up or move down with the news behind us.

Watch for 5850 .

Nifty faces a stiff resistance around 5900. Further, it need to go above 5950 for further upside for a target 6015 -6050-6100.

Range 5900-5950 is important for the bulls.

My MACD indicator and RSI indicator have turned down. Unless, it turns up today, i will be cautious.

Now , Hour trend has turned down but Day and Week are intact.

Buy MINDTREE ( around 680) and Venkey ( around 478) if 5850 holds.

Sanjay Jaiswal said...

Dear Ilango Sir & Blogmates,

OI Table Update at 11:00AM, VAH:5952, POC-5944, VAL-5936, WVAH:5907, Pivot:5942, S3:5895, VWAP:5898

The CE writers have wrested back control of 5900 level, with huge addition of 8 lacs till now, seems like correction to the up-move is on….

Thanks & Regards

Parminder said...

Master, nifty is also continuously trading below WEEKLY open.


Market may have trigger of 1 hour range SLO
Now bottom SLO is best risk return trade.

Prithvi Yashashvi said...

I think 4th wave has limit up to 5937 bcz wave 1st has 90 point move so 5927-90=5937 and 3rd is extended so 5th is now normal =wave1 so the Tgt is 5927 is logically.

amber said...

Sir ILango ji any specific reason for taking 5594 as low and how much increase in OI is needed in making 5900 level as resistance thnx

Waquar said...

5594 is end of Wave 2, for Wave 4 tgt, you take the retracements of W3-W2; mostly ending at
38.2% retracements


Today important locations 5 D LEMA & 5 H.LEA.
Market makes last tailed shaped bearish candle
at 9.39 AM which makes 16 inside candles.Finally
makes new bottom with bullish hammer vol 347000
Next candle c/o top and now c/o of 5869 makes
hourly Bar Reversal.If so bounce.

SANPOT said...

Dear Ilango Sir, is Nifty spot forming an Expanding Triangle Pattern on 60 min chart?

satheesh said...

Namaste Ilango sir and all,

Sir please clarify:
1. The current downmove is the 4th subwave of 3rd which can be 38.2%, 50% or 61.8% of the 3rd wave-5594-5928 -so supports at 5801, 5761 and 5721 respctively. and another swiftupmove is pending for the 5thsubwave.

2 Only after the last possible support i.e at 61.8% is broken it can be considered that the 3rd has ended at 5928 and the corrective 4th has started which would be more prolonged?

akki_tank007 said...

sir you sd once that for Stocks we can take 5ema as SAR so my question is what should be the filtered stop loss

STOCK4SURE said...

INDIA VIX down nearly 5% with fall in nifty

generally with this type of fall VIX tend to rise
any indication???????????????

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