Tuesday, December 11, 2012

Nifty Intraday Update-II


41 comments:

N Ram said...

5940 is the level to watch for the day.>5940 retest of 5965-5977 <5940, 5923-5900

Indus said...

@Ilango

Support at 5937 holding...plus a break out day...above DHEMA.....yet momentum stalled
Would welcome your views...thank you

anmpatel said...

@sai bhakt
for option

http://www.nseindia.com/live_market/dynaContent/live_watch/option_chain/optionKeys.jsp?symbolCode=-10007&symbol=NIFTY&symbol=NIFTY&instrument=-&date=-&segmentLink=17&symbolCount=2&segmentLink=17

Fire said...

@Prakashbkc,

Why correlate? Treat each instrument according to its own merit.

@rajapvt,

I didn't exactly get the point of your euphoric congratulations. Did I miss something?

Sai Bhakt said...

Thank you anmpatel sir.

Sai Bhakt said...

Friends,
NF went up with huge volumes but coming down with very low volume, any inputs pls?
Thanks

SANPOT said...

Ilango Sir, has the Expanding Triangle turned into an E.D., the wave "d" ending at 5920/25 levels on 60 min Nfty Spot?

Sai Bhakt said...

friends pls dont bother with my questions i exit intraday long position for now

anmpatel said...

@Sai Bhakt
dont call me sir pl. only one sir here.

N Ram said...

Nifty trading below 5940. Now , watch for resistance to hold or not. Below 5940, 5929-5900 possible. Trend reversal below 5900.

rajapvt said...

@Fire: Learning from this University and Sharing the knowledge to the other learners. I felt happy about the RSI article that you shared to all. It is enlightening the usage of RSI.

Sai Bhakt said...

NF premium increasing, back to 40.

Sai Bhakt said...

s4s sir, any ww pattern?
thanks

Smita said...

Sriram ji
Hope all is well ...
If an ED from 5839 then ,
Current fall should be lesser than the last fall which was of 62 pts from 5950 to 5888 .
So 5965-62= 5903 , preferably 80% which comes to 5915.After which again a rise of 61.8 %- 80% of last fall from 5965 to xxxx > 5903.
Anything more than 5903 means -ve divergene in hour TF and Day TF has started playing out .

Am I thinking in the right direction ?

Ilango said...

@ Shriram,

Your persistent ED Q led to an Hour chart with such a possibility:

a=5839 to 5950
b=5950 to 5888
c=5888 to 5965
d=5965 to .........5917-27
e=xxxx to .........5977..??

The above is a bearish possibility.

The other bullish possibility continues that 3 rd completing and a 4th wave correction continuing.

In both the cases, some downsides possible, the trigger being 5915 & 5890.

sudharsan said...

Master request for views on Tatamotor...can we rebuy at current levels???

shriram said...

Tks ilango ji , eyes were thirsting for these words. My Q was due to persistently high 6K CE OI :-)

@smita: hi , hru, back ok ,now ?

if ED, then yes, "d" shud fall only 61.8 to 80% of "b" ... rest as Master has explained :-)


Smita said...

Yes Shriram ji , By Gods grace .
Yes Sir has explained it already :)

Got to go Will be back by 1:30 2.

Sanjay Jaiswal said...

Dear Ilango Sir & Blogmates,

OI Table Update at 1:00PM, VAH:5947, POC-5939, VAL-5931, WPOC:5946, Pivot:5940, VWAP:5982

5900PE writers have added huge 14.8 lacs, but most important part is 6000CE writers have not given any hope to the Bulls to make inroads above the coveted level…

Thanks & Regards

N Ram said...

5940 has shown its face now if 5925-5935 is not taken out nifty can fall and test 5900

Ilango said...

1.00 PM TT & Charts updated.

Shradha Saburi said...

Nifty is at hours multiple support trend lines
let us see!
regds

Vijikrishnan said...
This comment has been removed by the author.
STOCK4SURE said...

nifty trading very similarly as on 7th dec
near 5910 is also supp of T/L joining last 4 days lows

Sai Bhakt said...

s4s sir,
any WW pattern sir?
thanks

STOCK4SURE said...

now ns may move up towards 5919-5924 range

Ilango said...

ED scenario rejected below 5905.

The only other bullish scenario is "another 4th the wave commencement".


Ilango said...

For ED followers:

ED takes a long time to form with less price participation but with more time taken.

The perceived "d" leg was swifter from 5965 and retraced more than 5905(80%).

Indus said...

@Ilango

I am confused....holding above DLEMA and JNSAR
Do positional longs continue?

CDG said...

just short of the JNSAR Short. if not today then perhaps tomorrow. After big moves JNSAR to wipsaw a little (quoting Ilango)

prakashbkc said...

Shardhaji,

JNSAR hit?

Prithvi Yashashvi said...

@Prakashbkc

Take a long side with JNSar sl 5880-20= 5860.
Also target pending 5977.

Shradha Saburi said...

Dear prakashbkc

TREND OF NIFTY LEVELS ALL IN SPOT FOR
11 DEC 12
DAY JNSAR HIGH 5926
DAY JNSAR 5869
DAY JNSAR LOW 5812



VOLATILITY STOP LOSS 5820


WEEK JNSAR HIGH 5825 -5835
WEEK JNSAR 5685
WEEK JNSAR LOW 5545 - 5535

NIFTY CLOSE 5908.90 DAY PIVOT 5906
HOUR SUPPORT RESISTACE CHANNEL 5897-5901-5908-5912-5916
NIFTY CLOSED BELOW THE 5926(DAY JNSAR HIGH). HERE NIFTY DID NOT CROSS DAY JNSAR HIGH BUT DAY JNSAR HIGH CROSSED THE THE NIFTY DUE TO THE RISING JNSAR. HOUR RESISTANCE SUPPORT TREND LINES HAVE GOT COMPRESSED INCREASING THE POSSIBILITY OF BREAKOUT.
NIFTY CLOSED BELOW THE DAY JNSAR HIGH SO IT HAS MAX POSSIBILITY TO GO TOWARDS DAY JNSAR (5869). SO NIFTY HAS GOT BEARISH TINGE FOR ST.
TINGE WILL LAST UPTO THE 5926.
SHORTS BELOW 5897 STL> 5926
LONGS ABOVE 5926 STL< 5897
INBETWEEN NO INTRADAY BECAUSE LINES ARE COMPRESSED.
Note:
If gone down always have feelings of that you are stealing lions prey from the lions den when he is feeling sleepy.
upto the 5820. so chupke chupke. and chota chota.


Posted by Shradha Saburi at 05:13

Ilango said...

@ Indus,

Ilango said...
Having moved past R2-5938(also 38% retrace of 5888 to 5965) and R3-5955, breaking R2-5938 would be a sign of weakness.
December 11, 2012 10:50 AM

-----------------------------------

The above observation was made considering the nature of 5th wave.

If acted on such an observation, there will not be any confusion.

I'm as ignorant as you. I do not know where the market is headed. Whether upmove has ended @ 5965 or whether after a consolidation, another high is likely - - no idea at all.

But I'm confident of certain structures, certain triggers, certain patterns. Once the move ended @ 5965, I promptly put a retracement table. That is a cue for intraday correction.

While we trade these short term moves, we'll keep our eyes on higher T/F triggers for possible larger weakness. Accordingly WHEma @5871 would assume importance in the coming days & especially on Friday.

Indus said...

@Ilango

Thank you very much.....the above is very helpful

jay shah said...

dear sir , seniors and freinds if we are using JNSAR EOD and taking trades only between 3 to 330 pm should we consider todays jnsar or tomorows develping jnsar number or both which is best? many thanks to all

Parminder said...

Thanks Master for all ur commitment and inputs to train us for being self independent.

STOCK4SURE said...

India VIX is up just 0.6%
no sign of any panic yet
can nifty recover all its loss till friday???

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