Friday, December 14, 2012

Nifty Intraday Update-II


52 comments:

SANPOT said...

Nifty has breached the resisting falling trendline from 5893. 12pm table has turned green.

Ilango said...

@ rajapvt,

If you had bought it "closer to the support", you trail it till 5874 is breached. (For trailing, you could use DLEma @ 5852 approx)

Now that it has breached, it more or less confirms a reversal.

rajapvt said...

@Thanks for confirmation. Holding the longs with DLEma, partly booked the profits.

Shradha Saburi said...

Spring board action
enjoy it if you can
regds

Sai Bhakt said...

@ GK
It has changed now, OI decrease/increase refers to buying or selling in that option. higher OI generally refers to higher selling in that option.
what i meant to say is although prices are changing but sellers are not short covering.
Thanks

Sai Bhakt said...

Ilango sir, what could be the possible targets for this reversal. already nifty has respected 5887 (80% of last fall).
Thanks

bharathi said...

@ Master,

now nifty is trading above WHEMA.

Further if it fails to clear the resistances of 5893/5891 (0.80% retracement ,weekly pivot & R1)... does it indicate any loss of momentum in this upmove?

Ilango said...

@ Sai Bhakt,

I have modified the 80% a bit to "5893" and
if that gets breached, then do for 5925 to 5839 @ "5908".

Then, the last 80% would be 5965 to 5835 @ "5940".

All these while "5839" is protected.

In case, 5839 is breached, 5825-28 or 5807 should offer supports.

As per Pre-Mkt, bulls must attempt to protect "WHEma-5871" on closing basis, if not, at the least "DLEma-5852".

J.R.Julius said...

Camarilla - Nifty Spot
Scenario #1

H4@5888 ↑
H3@5870 ↓

Sai Bhakt said...

Thank you sir, your 5871 number has helped me today intraday.

Ilango said...

@ bharathi ,

Till Nifty closes above DHEma again, we'll consider corrective phase continuing.

However, Buying generally emerges in day T/F below DLEma when Weekly technicals are in uptrend which is what has been witnessed on few days recently.

Corrective can best be dealt with by trading "Supports and Resistances" and at critical reversal points by "Part booking & trailing the remaining till a reversal when you can add more".

Ilango said...

I have replaced the (i) to (v) labels with (a) to (e) in case nifty falls again.

rajapvt said...

Part Booked 1/3 @5870, trailing rest to DLEMA.

rajapvt said...

Out of all the trades, first trade went with ease since close below DHEMA and taken supports, shorts enjoyed, longs enjoying, trailing to DLEMA. Thanks for guidance.

Parimal said...

TataMotors: above 200DMA- the long term level, it is ruling strong.

prakashbkc said...

I wish I could understand language Master comment in yellow box , then I could make some money not stopped out

SANPOT said...

50% retracement from 5841 to 5886 done at 5863.

Sai Bhakt said...

staying around day pivot.

prakashbkc said...

Congrats Rajvat u bot at support at 5840 & enjoying rest with DLema

Sai Bhakt said...

S4S sir,
any WW pattern developing?
Thanks

SUNIL PILLANIA said...
This comment has been removed by the author.
bharathi said...

@ Master,
Thanks for the reply.

Yesterdays TT had both WHEMA and DLEMA almost similar@ 5871.
Today WHEMA @ 5871 and DLEMA @ 5852.

Hope the trend assertion in weekly TF will be evident by 2.30 pm.

Prithvi Yashashvi said...

@Master

Thursday, December 3, 2009

Broadening top explained

WHEN YOU SEE A BROADENING TOP,
THE MARKET WILL EVENTUALLY DROP


you said market will drop ,and today said market may bullish??

Sanjay Jaiswal said...

Dear Ilango Sir & Blogmates,

OI Table Update at 1:00PM, VAH:5939, POC-5930, VAL-5886, WVAL:5912, Pivot:5894, VWAP:5893

5800PE Level seems sealed for this series with OI now above 94.4 lacs, so a range of 5800-6000 with 5900 as pivot till this expiry, Intraday need to sustain above 5912 for more upside….

Thanks & Regards

rajapvt said...

Thanks Prakash, just following the trend with the guidance from Master (blog). Also trying to learn the TA with the help of this blog and from Shriram (offline). I sincerely thanks for their guidance.

rajapvt said...

@Sanjay: Is 6000CE writers happy? looks like they started covering?

jay shah said...

dear seniors and freinds of the blog if anyone has dear sirs golden words collection can he mail them to me i would like to save them for posterity many thanks

chetas said...

illango sir/ friends ,

the 2 day pattern, can it be called Rounding bottom or cup and handle ? , also we have DB at 5839

charan prasad said...

Master

If possible please update the charts @ 1.00 PM

madamuniramaiah said...

@sanjay jaiswal,sir,
please teach me the meanings of
VAH,POC,VAL,WVAL,and VWAP
THANKS in advance.

Waquar said...

ilangoji,

Looks like a Fifer wave done from high from 5885 to 5860.

Sai Bhakt said...

NF premium 38. Will nifty attempt 5900?

anmpatel said...

can anyone tell me developing banknifty DHEMA and WHEMA? i am getting problem in downloading banknifty TA. thanks.

J.R.Julius said...

@Mr.madamuniramaiah,
Kindly check out JN group posted a ebook for you.

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

Kiran said...

@anmpatel,
For BankNifty,

DHEma = 12,419 (As of 1:00 PM)
WHEma = 12,192 (Same as yesterday. we have not made new high for this week today).

Sai Bhakt said...

Ilango sir,
Nifty not able to sustain above 5874, does this mean it's weakening?
Thanks

Sai Bhakt said...

S4S sir,
any WW pattern today sir?
Thanks

Piyush Sharda said...

@julius

can u post toby crabel book also?
.
and i mentioned in morning abt 123 macd setup active
below 5865

CDG said...

once it starts it will melt down towards 5801-07 for taking support

Kiran said...

This weeks candle is almost same as last week's candle. Only difference is the colour.

J.R.Julius said...

@Mr.Piyush,

pdf search : http://tinyurl.com/broleo4

1-2-3 in which t/f? (skipped!)sorry not read ur post.

Sai Bhakt said...

NF premium has come down to 33 from avg 36

Sai Bhakt said...

Nifty did not hold 5874 but holding 5867 for quite sometime.

J.R.Julius said...

@Mr.Piyush,
Additional Readings of Toby Crabel's Articles
http://www.trading-naked.com/library/%5BTrading%5D-Stocks-&-Commodities-Toby-Crabel-ORB-articles.pdf

Piyush Sharda said...

@julius
thanx. in hour tf short as per 123 macd @ 5865 sl 5925

anmpatel said...

friends
time to awake weekly trend.....
week pura hone ko aaye, last time it was sleeping...god knows this time?

deepak pinto said...

Sir
Did nifty complete a 1st extension 5 in the morning at 5839 and retrace 38 of the 5 till 5886.
if so it should hold 5856 till EOD

manojag said...

Ilango wrote in his Stock Wealth Blog today:

Friday, December 14, 2012

"BN making another high next week depends on holding 12138(approx)"


If BN to make a new high then how can Nifty stay behind.

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