Thursday, December 13, 2012

Nifty Intraday Update-II


57 comments:

Sai Bhakt said...

nifty should break 5887 this time?

Sai Bhakt said...

addition in 5900 ce is 3lakh more then 5900 pe

Sai Bhakt said...

S4S sir,
Is there any WW pattern developing on your charts?
Thanks

Billgates said...

what about negative divergence on s macd chart

Ilango said...

A consistent stay below 5DEma/5DSma @ 5894-5898 is the first sign of weakness.

As long as higher T/f(Week & Month trend is intact (UP), the correction could be slow towards 5800 where series' PE at its highest.

Ilango said...

Another sign of weakness is the averages "turning down".

5 DSma turned down yesterday @ 5907 and today's high is @ 5907.

Billgates said...

what about negative divergence on s macd chart

N Ram said...
This comment has been removed by a blog administrator.
Sai Bhakt said...

nifty has given a double bottom pattern intraday like it did on 11th at 5938 and then broke it with a bang

Sai Bhakt said...

Very similar chart pattern but with low volume, will it go down or not?

Ilango said...

@ N Ram ,

Posting only levels without any basis is what we term as "Calls giving".

Every posting should contain the basis/ study which should be aimed at empowering the reader to adopt it in their trading & make them independent.

STOCK4SURE said...

SaiBhaktji
probably a small bullish WW developing
a lower low is formed in ns(pt 3)may move up again towards 5893-97 range
may dip below 5880 to form pt5
then may move up near eod for 5905
my guess contracting triangle in 5 min charts has given a false breakdown

Billgates said...

ilango pls explain possible negative divergence on daily s macd in ta file and its significance

Sai Bhakt said...

NF premium is not giving in still at 40.

N Ram said...

Dear Ilango,

These levels are posted after careful study and as per my system which was designed after years of hardwork and monetary losses. I have demonstrated here for the last 2 days. If that is the case BYE and thanks for everything.

J.R.Julius said...

Dear Friends,
I've posted Toby Crabel's Breakout formula+ Excel file for learning purpose in JN Groups - Check this out.
Regards,

JN Group

https://groups.google.com/forum/?fromgroups#!forum/justnifty

Ilango said...

@ N Ram ,

Still you do not understand anything.

You have worked hard and now you have found the art of trading.

Do not cripple others with your "Ready made answers".

Let others make their journey with their "two feet".

There will come a time to take the assistance of "eight feet".

anmpatel said...

@S4S
fast rise setup in BN 5 min chart. can you confirm sir? no trade just for study.
thanks.

prakashbkc said...

GA Blogmates,

Conservative trade intiated......

anmpatel said...

banknifty given buy 21-34EMA crossed and also trading above 5DEMA. Sl would be swing low around 12300.

Sandeep Koppula said...

@ Ram

If audience or display of knowledge is what you crave for, you have moneycontrol where there is lots of call giving.
If knowledge or empowerment of others is your aim, you have JN.

Regards,
Sandeep

anmpatel said...

in 30min t/f chart.

Sai Bhakt said...

Dear Ilango sir,
Ashwin Gujral on ET Now once said notice increase/decrease in NF premium while taking trade, since then i monitor NF premium and have noticed that it actually works most of the times. Posting it here is confusing or helpful/no impact sir, pls advice.
Accordingly i will continue/stop posting it.
Thanks

Sai Bhakt said...

Watching news while trading was before joining JN, now i dont watch it and will advice others too not to watch as the person on the channel giving call will not be available when the trade is going against.
Thanks

Ilango said...

Intraday strength above "5896", Day pivot as well as the trendline of the contracting triangle.

Resistances continue to be @ 21 Hr sma(5901) & 34 Hr sma(5907).

STOCK4SURE said...

5893 is contracting triangle upper T/L
may resist there again
cmp 5890ns

Ilango said...

@ Sai Bhakt,

I have no experience of "the effect of premium changes in NF on the Nifty prices".

You may share it "as long as there is fair amount of consistency in it".

If it helps in adding conviction to a trader, why not?

But remember, it is a responsibility and not to be taken lightly.

Whenever you sense it becoming redundant, Stop it without notice.

STOCK4SURE said...

5900ce and pe addition in O.I is nearly same but thr is addition in ITM pe of 6000 and 6100
but some small unwinding in ITM ce of 5800 and 5700
is it any indication of a small bullish move near eod???

Sai Bhakt said...

S4S sir,
but 5900 ce has added 2 lakh more then 5900 pe?

SJkolkata said...

Testing of patience of both Bulls and Bears going on, before the final attack.
Just waiting to see who wins.
Being objective as the Master teaches have taken JNSAR short with stoploss of filter 20pnts.

STOCK4SURE said...

nifty may trade in very small range so that 13,34 and 55ema may converge again in 5 min charts
then may come a small dip below 5877

Ilango said...

Impulsive sub-waves unfolding from the current lows.....

Nilesh Patil said...

@Master,
c may end in ed and now 5th may start. confirmation above 5905 only. Is it a valid view?

Ilango said...

@ Nilesh Patil,

That is a possibility which hinges on "5896" breaking followed by 5908 and 5882 being protected.

www.moneypower.com said...

master what is its meaning
Impulsive sub-waves unfolding from the current lows.....

Debdeep said...

Dear www.moneypower.com very nice way to share your blog id. :)

Raghavendra said...

Parimal ji, Illango sir and All,

Observations on TCS

Important support level : 1165 to 1206

@ 61.8% of rise from 1048 to 1440 at 1198
@ 50% of rise from 900 to 1440 at 1170
Change or polarity : previous resistances turning to support : 1195 to 1205.
89 Week moving average : 1175
Sideways Range breakdown target (San's blog) : 1164
Oversold (<30) in 14 day RSI
EW terms : We might have ended impulse 3rd of 3rd at 1440 and 4th in unfolding. A of 4th done at 1261, B of 4 done at 1348 , C of 4 is in progress and we might have completed sub-wave 4. Subwave 5 is due..and might be with a positive divergence.

Raghavendra



S A M i T said...

B.e Completed
C Started..
can do (-)98 ..

Shradha Saburi said...

fierce battle is on my friends
soon it will be resolved
be watchful at the EOD if not resolved
regds bye

Ilango said...

a=5965 to 5865.

b=5865 in a triangle, may have ended either @ 5915 or 5907; hence,

c=5915-100=5815 or 5807.

bb said...

What a fall suddenly!!

Ilango said...

"5855" breaking would lead further downsides.

5855 has been a critical support earlier on few occasions.

STOCK4SURE said...

can 5840-45 may lend some supp T/L joining 7th dec and 11dec lows

STOCK4SURE said...

near 12300 is supp in Bn
T/L joing last 2 days lows

Sai Bhakt said...

Huge addition in 5900 CE, NF premium down to 29 from avg 40

Sai Bhakt said...

But not much reduction in OI in 5900 PE, It is cheap as per current nifty price

Sai Bhakt said...

5855 broken? or do we have to wait till eod?

Sai Bhakt said...

NF premium increasing a little bit now at 36

Sai Bhakt said...

Now 5855 acting like resistence

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