Thursday, December 13, 2012

Nifty Intraday Update-III


60 comments:

bb said...

Ilango,
In reality what triggers such breakdowns or upward movements? Are they any news based or algo based?

SJkolkata said...

JNSAR ki Jai Ho........

N Ram said...

Ilangoji,

Whatever you say, I am not convinced. Go and see my blog . My indicators gave sell signals 2 days before. I was only waiting for price confirmation. Today, I gave the levels which you deleted. I hope you guys saw the slide after 5880.
Nifty could not give one hour close above my level 5912 yesterday and 5900 today.

If you want you can delete this post also.

Thanks GOD BLESS YOU

Ilango said...

20 point below DLEma would target around 5835 approx.

Shradha Saburi said...

thanks mere Sai
Jai JNSAR

Atharva said...

Good afternoon master : AND PSC is 5825 with H 5833 ..let us see

Atharva said...

for Future it is 5878 with C @ 5869.35

ITradeForProfit Daily said...

@Master,

Just a academic question.

Today, Bulls have not overcome yesterday's high, and the Nifty has been trading mostly below today's JNSAR.

In spite of this how come tomorrow's developing JNSAR is higher than today's JNSAR?

Ilango said...

@ N Ram,

FYI...

We are trading "sell on rises" since 10th Dec, Monday.

If one sees too many blogs, he'll see an "empty bank a/c" one day for sure.

My critic used to tell me one thing:

You're the greatest...and to hell with all the rest.

What he meant was...if we don't apply what we have learnt and make money, we'll "only hopping blogs" and not making money.

So many have come here to "showcase their levels" and I tell them...

"Nothing is any body's level".

satheesh said...

Namaste Sir,

Below which level can we get confirmation that this is the big corrective A for the upmove from 4770-5965?

Atharva said...

Master @ : any intraday counts in 2tf..thanking you...

prakashbkc said...

Master,

what is SL for consevative trade?Is it 5902?

STOCK4SURE said...

100 point intraday move may trgt 5807.
sir
as per your analysis what levels to watch for rebound or further fall

prakashbkc said...

Master,

In BN is target of 12700 is still while nifty displaying so wekness?

amber said...

Sir ILangoji i could not understand the 5855 level kindly update thnx

Atharva said...

Sudden movement in mkt and so many qtns to master..how it works on our mind??

Manish said...

@ N Ram

You are unnecessarily spoiling the "Atmosphere" here.

Please go and take care of your"BLO>>>>>>>>>>>G."

prakashbkc said...

Fire sir,

If reading this kindly give ur on USDINR view?

Ilango said...

@ prakashbkc,

Do not read things out of context.

I'm definitely not Nostradamus.

But I had suggested weakness after "intraday rises" for BN.

That much simple knowledge is enough to 'sail thru' this jungle" every day. No need to know destinations.

We have calculated different targets for BN. As long as Week & Month trend remains up, those targets are achievable.

In the meantime, shouldn't one trade such large swings...?

Atharva said...

PSC will not break and C ended here ?? I am very poor in EW..pls do not take this as a call ...

Ilango said...

Keep the retracement of 5898 to 5848 fall to manage your positions.

50% to 61.8%-5873-5879

80% - 5888

SANPOT said...

Ilango Sir, in "ABC" correction can "C" be 61.8% of "A"? as 61.8% comes to 5830 which is also Nilesh Deshpande's ATR break down target.

ITradeForProfit Daily said...

@prakashbkc

Nifty currently in ND Sir's ATR based buy zone.

Breakout below some 5840 with target of 5818.

Ilango said...

Technical set up looks incomplete;

More lows should come in the coming days after brief bounces.

Market would now fight for "5871" WHEma, especially tomorrow.

Kiran said...
This comment has been removed by the author.
madamuniramaiah said...

Hoping taking suports of ATR levels ,5859/5943 lvls

Ilango said...

Didn't the trader who believed in "Sell on rises" benefited immensely.

Nifty touched the "downtrending 5DSMa" @ 5907 @ open(this is the rise) and travelled almost 20 points below DLEma.

Should I boast of greatness....

Nooooooooooooo

It is just a simple way of following a technical study created by great minds many years ago..

And you go on reinventing cycle..!!!!!!!

Ilango said...

Refine your retracement to 5898 to 5843 now:

50% to 61.8%-5871-5871

80% - 5887

madamuniramaiah said...

Hopeing NF may take suports @5870/5862 levels.

prakashbkc said...

Thanx Master for reply After so many days of reading blog I m trying to understand importance of diffrent timeframe trading

Always endebted to u

ITradeForProfit Daily said...

As per the Elder Ray,

Bears will have recovered all lost grounds

if NS closes above 5855

or

if NS breaks today's low again

J.R.Julius said...

NS below Camarilla L4@5860↓

CDG said...

@Ilango,
is there any S3 also below 5845. Should we take it as WEMA at 5807

IndieTech said...

BN about to hit short BNSAR!
Where was it in the morning and where it is now! Seems like I am learning a bit from Sir's approach to trading ;) Thanks a ton!

madamuniramaiah said...

S3@5830(ACORDING TO SANJAY IAISWAL,SIR)

SANPOT said...

Mcdowell down by 5%.

Ilango said...

Whenever Nifty exceeds the "equality target"(a=c @ either 5815 or 5807", the danger of larger correction or even reversal would set in.

And the followers of trend would be "comfortably placed in with advance reservations".

prakashbkc said...

Master,

your greatness in trading like sun

SANPOT said...

Sir, sorry to repeat can"c" be 61.8% of "a"?

madamuniramaiah said...

ALMOST ALL ATR SUPORT LEVEL@5943 DONE
AGAIN A DAY OF ATR LEVELS.
THANKS SIR.

Ilango said...

Last channel bottom when you connect 5548 & 5594(first two lows) would come around 5805 for tomorrow.

SANPOT said...

Considering that "B" was an expanded flat?

madamuniramaiah said...

AND ALSO OUR MASTERS S2 5845 SUPORTED.
THANKS SIR.

Kiran said...

BN missed short signal... I think it is above JNSAR as well as DEV. JNSAR.

Smita said...

Thank you Sir , I learn so much when I come here .

Regards

anmpatel said...

@master
looking hrly oversold, weekly still up and nifty might close above DLEMA, should cover short fully?

Ilango said...

@ SANPOT,

"c" can be 0.618 time; 1 time ; 1.618 time; 2.618 time.

But isolatedly, this knowledge will not help you.

Combine with your other observations along with technical readings, you'll get the most likely zone.

If it is a larger reversal, such an application of knowledge will deceive us.

I keep repeating:

Follow the latest signal given by the market till it gets tired/ exhausted.

Ilango said...

@ anmpatel,

A likely pause zone was DLEma less 20 = 5859-20=5839. "5841 done".

A pause is on.

Retracement to 5898 to 5841 now:

50% to 61.8%-5870-5876

80% - 5887

anmpatel said...

@master
please tell BN dev JNSAR for tom? thanks.

IndieTech said...

Just an observation for fellow members: I have noted for last few weeks that Defty gives a early indication of days trend (positive / negative). Since Defty is a combination of USD/INR pair and Nifty, it tends to give a good quality signal as it combines market activity of equities and currencies. Today was a good example; turned down much before Nifty or BankNifty.

Prithvi Yashashvi said...

@Master,

After Jnsar trigger, It is giving 200-300 point must.

So can we assue that this wave'c' can extended up to 2.618 time which is comes near 5664 and calculating the point reward is about 5891-5664=227 points we will get???

jay shah said...

many thanks sir bye

N Ram said...

Some great Dr mocked at me and my indicators few days back. Only Shriram came in support . Now the result is all there to see.

One last comment

See the horizontal line in the chart. Nifty may stop around that 5815-5825. Previous swing low 5838 cal also give support. Watch for support and this is not a long call. Markets, there is ST reversal. Weekly Trend is up above 5804.

DZIRE said...

9 Day Rsi is showing reading of 40 today & 3 days back it showed a reading of over 90 when nifty closed @ 5909.

Looking like in a hurry to reach oversold region.

DZIRE said...

@ N Ram

Please spend few seconds if not minutes & analyze what Ilango Sir conveyed to you in his replies .

Now don't expect him to reply you multiple times on a daily basis which always seems falling on deaf ears.

durga said...

@prithviyashaswi,just follow the trend .
dont worry about targets.(as advised by master bfore)

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