Wednesday, December 12, 2012

Nifty Intraday Update-II


42 comments:

Indus said...

@Ilango

Two hourly closings below 34 hr sma, closing below all HHEMA and 5DEMA....early indications of a ST reversal?

Indus said...

@Ilango

Also BN as lead indicator...weak and desperately unable to hold above 34 Hr sma

Waquar said...

Ilangoji,

This Wave b is forming what kind of corrective pattern ?Are these labels appropriate::
Wave A - 5866-5924
Wave B(a) - 5924-5892
Wave B(b) - 5892-5920
Wave B(c) - 5920-5883
Currently Wave C or B(X) is on...from 5883

Smita said...

probable EW counts ..

A 5965-5865 = 100
B a 5865-5925= 60
b 5925-5892-5921-5884 ( Irregular Flat)
c 5884 -**** Equality to a ( 5884+60=5944)

Break of 5865 before making a new high invalidates this count.

Ilango said...

@ Waquar,

This is precisely what was observed earlier.... a likely new high for the day in "(c)" of b.

STOCK4SURE said...

pt4 nearly done in WW pattern prev posted
now may dip towards 5875 to form pt 5
any shorts at 5908 cmp may have sl abv 5917

Ilango said...

@ Indus,

Sustain falls are possible only after an EOD signal. Even here, there are possibilities of a counter attack.

However, simpler guideline such as "Closing below DHEma resulting in sell on rises" provides a trader with innumerable opportunities to make trades. Last 3 days are proof enough as it did on many instances in the past.

People get confused when they mix up time frames and not taking caution @ extreme conditions.

Prithvi Yashashvi said...

@Waquar,

Do you have ramki's Book??

Sanjay Jaiswal said...

Dear Ilango Sir & Blogmates,

OI Table Update at 1:00PM, VAH:5972, POC-5918, VAL-5898, WPOC:5946, Pivot:5943, VWAP:5941

Evenly matched at 5900 Level, with ceiling for the series seems done at 6000 and the floor around 5800, Nothing much in Intraday….

Thanks & Regards

Waquar said...

@Prithvi
nope, but i learnt EW from Robert pretcher's book and Balan Robert - Elliott Wave Principle, rest i read the writeup's posted here by ilangoji, if u want i can mail you these above mentioned ebooks.

SANPOT said...

Crossed the MBB at 5908. Next resistance at UBB at 5947.

Ilango said...

1.00PM TT & Chart Updated.

Waquar said...

In my opinion, you won't find anything new in ramki's ebook, wave principle is very simple, but the only way to learn it is by constant application of it...

Prabha Gopalkrishna said...
This comment has been removed by the author.
shankar said...

Ilango sir what is the ideal stop loss two hour low or threee hour low?

Prabha Gopalkrishna said...
This comment has been removed by the author.
Kiran said...

Trading close to 34-Hr SMA...

STOCK4SURE said...

emas converging in ns 5 min charts
25-30pt sharp move is expected anyside soon

Sai Bhakt said...

heavy buying visible in NF, premium close to 44

Sai Bhakt said...

s4s sir,
is WW trade still active, why anyside?

N Ram said...

Again resisted @ 5912 and fell.

STOCK4SURE said...

WW pattern has now become channel pattern so may dip towards 5880-85 range and then may move up
if breaks below 5875 then may trgt 5838 again

Waquar said...

Ilangoji,

Now it looks more like a triangle formation.
a- 5866 - 5924
b- 5924 - 5883
c- 5883 - 5914
d- 5914 - 5890
e- 5890 - XXXX (Approx 5910) and then fall...

Rajan Malhotra said...

Good afternoon Ilango ji and friends

Sai Bhakt said...

NF premium not ready to come down today, still at 44

N Ram said...

Watch for 5882 to hold or not . biased may not hold

Sai Bhakt said...

Ilango Sir,
what is the relevance of increase in NF while nifty is below yesterday's close?
Thanks

Rajan Malhotra said...
This comment has been removed by the author.
Ilango said...

@ Sai Bhakt ,

Market is at a critical stage.

Current trend, being UP, the prices are being bid higher, hence the premium.

One needs to be cautious as the current upmove has been considered as the "terminal move" of the corrective bounce.

CDG said...

@Ilango,
As per the charts above the 5884-89 region earlier provided resistance and now this region is trying to act as a Support....Correct?

Sai Bhakt said...

Thank you sir,
I am learning technicals but dont know what is a terminal move.
Regards

shriram said...

Ilango ji,

Re-phrasing ysdays doubt:

Cant C.3.v have finished @ 5965 (having done =C.3.i+5549) ??

Indus said...

@saibhakt

Terminal definition: A point or part that forms the end.

Prithvi Yashashvi said...

Short finally trigger now as per Master's

Aneesh said...

S4S
Quite remarkable.

sujay said...

@Waquar
Even it will b helpful for me if u send me too. sujaypatilsujay@gmail.com

Rajan Malhotra said...

Dear Waquar
Thanks a lot

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