Friday, December 7, 2012

Nifty Intraday Update-II


29 comments:

Indus said...

@Ilango

38% of fibo retrace from yesterday's rise done this morning....TT all green even on hourly....can we infer that we are on course to rise above 5950, thereby invalidating the expanding traingle and continuation of the impulse????

Ilango said...

@ Indus,

Prices have been firm and no weakness shown in hour TA which is the first to start a reversal.

Till Nifty does not move past 5945 or break below 5905, both the options continue.

Waquar said...

Ilangoji,


If it is indeed 5th wave, then W3 being the extended wave wouldn't wave 5 be equal to wave 1 (90 pts)

numchar said...

@ DR Sir

Am always there on mute :)

N Ram said...

Today's level to watch 5930. Any hrly close below 5930 indicates weakness. As already told, 5944 will be a major resistance which bulls need to overcome. Above 5950, the move will be swift. I have explained by way of chart in my blog.

HARISH TAHKKAR said...

OBSERVATION & OPINION
Bar by BAR patterns breakot breakdown
FNO 5985---5941
5941 is previous day last hour data.

Dinesh Rishi said...
This comment has been removed by the author.
Ilango said...

HHEma for this Hour is @ 5934; closing below it @ 1.00PM would be the first sign of weakness.

STOCK4SURE said...

5925 is 55ema supp in 5 min ns charts

Ilango said...

1.00PM TT & Chart updated.

Sanjay Jaiswal said...

Dear Ilango Sir & Blogmates,

OI Table Update at 1:00PM, VAH:5981, POC-5942, VAL-5903, WVAH:5907, Pivot:5942, VWAP:5966

So as said in the last update, the 5900PE writers are still better off away with huge addition at 8 lacs till now. 6000 is still the resistance for the day and the series…

Thanks & Regards

rajapvt said...

5900 PE OI reduced and put writers seems covering their writing of puts...

Manish said...

http://www.investopedia.com/terms/h/hangingman.asp#axzz2EGdhDOet

Manish said...

http://www.youtube.com/watch?v=zCkKFGq4zWQ

Govvala said...

Dear ilango sir, is negative divergence developing in hourly charts?

N Ram said...

5944 has shown its face . Cover the aggressive Shorts if no new low is made Current 5905. Hereafter 5930-5940 will act as resistance for the day. Or cover the shorts now and initiate new one later if 5933 succeed as resistance. Very difficult to tell exactly what you guys can do. I can only give levels.

rajapvt said...

If today also moves up fast, then bears even though the charts shows to sell, bears do not do it.

Ilango said...

Resisted @ 5950, Exp.triangle top;

Being supported @ 5905, Day Pivot.

Weakness below 5905 & 5890 only.

SAM said...

Dear Sir how pivot is calculated ..

Parimal said...

SAM
www.investopedia.com/ask/answers/.../forex-pivot-points.asp

Prithvi Yashashvi said...

Are yaar BIG 'C' aaya kya????

SAM said...

Thanks Parimal bhai :)

rajapvt said...

Trading below pivot level,,,

Stockgrp said...

News- Earthquake in Japan of 7.4 magnitude. tsunami warning issued.

rajapvt said...

Stockgrp: Any news alert for Nifty :-)

Stockgrp said...

rajapvt, that alert already came yesterday from BSP. :)

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