Tuesday, December 11, 2012

Nifty Intraday Update-III


58 comments:

shriram said...

--> back

Tks sir... so, looking along newer lines... there is one ALT Bearish opt now..

that C.3 is done today @ 5964 ?

Wavelength of C.3.5 tallies internally , i.e
C.3.5 = 5549 +C.3.1(5449-5033) = 5965 ??

tks

SANPOT said...

Ilango Sir, if 5875 is broken can the Exp.Triangle be valid?

N Ram said...

all levels achieved in fact nifty gave more. now 5900 is important nifty needs to close above 5890-5900. But resistance for today 5910-5920-5930. 75% shorts covered balance holding with sl 5910

N Ram said...

What Master says is 100% correct. Nobody can predict ST movements except initiating a trade with the levels. some you lose and some you win. I won today but may lose tom. I dont know.

jay shah said...

dear sir , seniors and all freinds if anyone is using JNSAR trades only EOD after 3 pm can anyone please answer my query ? should we consider todays jnsar for trade or tomorows develping jnsar or both anyone can please guide many many thanks

Ilango said...

EW followers would do well to understand the "Characteristics" of each wave namely 1,2,3,4,5 as well as certain guidelines for each of them.

Breaking the channel, we labelled it "4" and could be in the upmove of the opening session.

Understanding the swiftness of 5th wave, we could capture weakness @ 5938 @ which point Nifty faked a double bottom in intra moves but broke it sooner.

Current scenario:

The present rise from 5875 could be a (iv) sub wave of the fall from 5965 and hence I have given a retrace for 5950(ii) to 5875(iii). Alternatively, if it is an "abc" correction, it could retrace towards the high. The early indication would be breach of 61.8% @ 5921. If not, it could start to weaken from 38% to 50% itself-5904-13.

Ilango said...

@ jay shah,

If you're following JNSAR on closing basis, you must consider only the "day's JNSAR".

STOCK4SURE said...

total O.I in 6000ce is more than 1 cr now

huge addition started in 5900ce and 6000ce more than 15lakhs and 11 lakhs respectively intraday
some unwinding seen in 5900 and 6000pe was obvious with falling nifty

Shradha Saburi said...
This comment has been removed by the author.
shriram said...

Ilango ji,

Y not consider the Simpler C.3 doen & C.4 begun option in play now ?

Smita said...
This comment has been removed by the author.
Ilango said...

@ N Ram,

You haven't understood one bit of what I said few days ago as well as what "Dinesh Rishi" subsequently pointed out.

You are still carrying on with your "Call centric activities".

If a trader can not take informed decisions based on Tehnical as well as Elliott wave studies that are shared here, he/ she isn't fit to trade the markets.

Either they, then, study and apply themselves more diligently ...

OR

surrender their money to some "money manager" who will make merry with their money....

OR

subscribe to "Paid service" & follow, atleast, their orders. The trouble here is, they start having their opinions again and mess up.

Would you help me to have my blog retain its principles, please...

Parimal said...

In the morning even though Nifty was rising, CNX Midcap Index was not rising, it kept mum and then went into negative zone. now minus 110 points.

Shradha Saburi said...

sorry extreemly sorry Sir
mistake will not be repeated again
Many Many regds

Smita said...

removed above comment as it was not correct.

Waquar said...

Ilangoji,

Are these subwaves correctly labelled -
W1 -5965 - 5938
W2 -5938 - 5950
W3 -5930 - 5875
W4 -5875 - Currently going on ..

Ilango said...

@ shriram,

It is the most simple one while in the past few days, it was distraction.

A 4th wave for the rise from 5548 broke the trendline yesterday and a 5 th wave managed to make a new high @ 5965.

The last bullish scenario of another larger 4 th wave would come into play when the day channel is tested...

Waquar said...

For all those LP fans ::
http://www.youtube.com/watch?v=ScNNfyq3d_w

jay shah said...

mamy many thanks to you mighty sir god bless

Ilango said...

"5855" is a crucial support before highs past 5900 were made.

It broke once @ 5839 but Nifty climbed back above it to make this new high.

Hence, holding 5855 is crucial for a bounce "at the least".

Prabhanshu said...

yummm....Nifty saw 100 points movement today....

Ilango said...

5 sub-waves almost done @ Day JNSAR.

Parimal said...

NF at lower BB on hrly chart.
NF is also at 23.6% of the rise from 5565 to 5986 (a few numbers here and there).

Prabhanshu said...

Sir,
"5 sub-waves almost done @ Day JNSAR"

What next..5904, 5913, 5921 shd be kept in mind?
Apologies, new to EW and going thru your write ups

Ilango said...

@ Prabhanshu,

If you're new to EW, no need to participate now. Get yourself thorough with the study and start seeing waves in the chart...prices.

Make sincere attempt to remain "objective" and never "emotional".

Only by being detached, could you make trade entries.

Shradha Saburi said...


Hence, holding 5855 is crucial for a bounce "at the least".

Thanks a lot Sir
many many regds

Ilango said...

Whenever a "5" is done, market reverses direction in a 3 wave move and if

that is a reversal, another counter "5 wave" is likely.

In either case, upsides. This is the essence of it.

shriram said...

yup,cant agree more, tks ilango ji :-)

Ilango said...

3.00PM TT & Chart Updated.

Indus said...

@Ilango

Despite the many mistakes I make, your guidance is much appreciated...however, I follow JNSAR diligently and if I am not able to take advantage of intra moves, following the direction of JNSAR has been very rewarding in holding trades...

I ask many questions of you, but believe me the learning is exponential...thank you for your indulgences

satheesh said...

Sir,

Can you please give the JNsar of tatamotors?

anmpatel said...

@master
can you explain JNSAR in closing basis? means today nifty close above 5863(TT) or 5880(chart) carry long? is this the right way?

SANPOT said...

Sir, BHEL retraced 50% of the rise from 219 to 248 (ABC correction} at 234 where it has also formed a double bottom on the Hrly chart.

Indus said...

@Ilango

A digression - bank nifty continues to hold its support at 34 hr sma....any comments from you would be helpful

CDG said...

@Ilango,
Will they now fight for the DEMA to make it there side at the close

Prithvi Yashashvi said...

@Master,

5-sub wave completing time frame 15min??

Indus said...

@Ilango

Referring to your comments above, will a breach of 5911 be considered an "abc" correction towards a new high????

Shradha Saburi said...

Nifty should close above 5900

Ilango said...

@ satheesh,

276.60.

Did you notice that it closed below DHEma on 10th & got sold off.

Smita said...

Thank you sir ! Keeping the retracement of move from 5965-5865 handy.

Ilango said...

@ SANPOT,

Follow up on your observations. I do not follow stocks.

@ Indus,

BN has been the strength for the current rise. As long as it remains strong, Nifty would tag along.

Debdeep said...

Hi anmpatel,
As I understand today's JNSAR is 5863 which didn't even touched so no need to bother. Closing basis means, suppose nifty moved beyond 5863 say 5853 but immediately reversed and prior mkt closing 2-3 mins before trade above JNSAR then we have to reverse the position as on closing basis nifty is above JNSAR. Now what if nifty closes between today's and tomorrows JNSAR and a gap down on tomorrow. As soon as mkt opens below tomorrows JNSAR reverse your position.

Ilango said...

@ Prithvi Yashashvi ,

I watch the 2 min candle chart during "intraday" for such EW observations and 5 waves were clear from 5965 to 5865.

It could be the end of "4.c" (Bullish) or

the end of 4.a(bearish)

Shradha Saburi said...

Its yummy !!!!
JAI JNSAR!!!!

chetas said...

avg closing based on 1 min 30sma is coming around 5898( increasing )

shriram said...

Reverse Shakeout Candle or Inv. hammer on DAy TA ??

Debdeep said...

Now regarding the filter part. The day on which it reverses we maintain our position using a 20 points filter. So say if tomorrow JNSAR triggers our JNSAR for longs would be JNSAR for day after tomorrow + 20, say 5895 + 20 = 5915. Now if we hit 5915 tomorrow itself our JNSAR would be 5915 - 20 = 5895. Now if 5895 too triggers JNSAR would be 5895 + 20. Manage your position till day end and check if you are positioned correctly on closing basis. Ilango sir pls correct me if my understanding differs from the actual method.

suresh said...

EW; knowing the guidelines and patterns is one thing
BUT implimenting them during mkt hours needs
lot of patiences and PRACTICE

jeetu said...

could any one tell me what is wave trend ad how to use in trading

shriram said...

also EOD close A = 5DEMA.....

mmm.. very very interesting !

CDG said...

Can anyone confirm did the average close is below 5896

Shradha Saburi said...

nifty hour close itself is a last support .
below it is JNSAR so I partly booked
regds

mantri deepak said...

Its good to be here, very nice post, the content is amazing, keep posting friend it will be very helpful for everyone, Thanks for sharing. I really liked it.you can also read Check nifty

mantri deepak said...

Its good to be here, very nice post, the content is amazing, keep posting friend it will be very helpful for everyone, Thanks for sharing. I really liked it.you can also read Check nifty

mantri deepak said...

Its good to be here, very nice post, the content is amazing, keep posting friend it will be very helpful for everyone, Thanks for sharing. I really liked it.you can also read Check nifty

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