Friday, December 21, 2012

Nifty Intraday Update-III


47 comments:

Swami Shivkumaar said...
This comment has been removed by the author.
Prithvi Yashashvi said...

If market want to turn negative , today it must give close below WHema

Prabhanshu said...

Is it advisable to buy 6000CE at 6.7 and 5700PE at 2.5?? (Considering a big movement in either side??)
Max Loss: 465 (1 lot for each)

Hitendra said...

Sir,

As some one pointed out,
is it possible NS may close above WHema= 5984.

In uptrend mkt, nifty make a pause after 3 weeks rally & that has already occured on last Friday.

So to resume uptrend, it has to close above last week close.

Simply guessing.
Thanks.

SJkolkata said...

Prabhanshu,
Not recommended cause of time erosion.
Regards

Ilango said...

@ Stockathon,

Target calculations depends on various factors and "contexts" & combination of time frame.

Only EW study comes closer to achieving it. Even in this study, certain calculations could go wrong if waves start to "sub-divide".

Better would be a combination of TA + EW.

There are patterns such as triangles, H & S have certain calculations for targets.

"Following" in the absence of above is the safest one.

Prithvi Yashashvi said...

21 & 34 hour sma crossover seen in hourly chart

ITradeForProfit Daily said...

After 20 sessions, Elder Ray Bear Power overtakes Bull Power now.

Dinesh Rishi said...

Prithvi

http://fccmilton.files.wordpress.com/2012/11/shivering-clip-art.gif?w=640

anmpatel said...

@DR
lol....
barabar hai.....long to mare, short to bhi mare....kambal dal ke sona chahiye.....!!!!

shriram said...

--> back

If tracking Down from 5965 as a 3wave... the 1st levels for bounce have come (if DZZ or Irregular FLAT) ...

suresh said...

ns if <5833 then can c 5806

anmpatel said...

5846 80% broken now which retracement sir??

Stockathon said...

Dear Ilango Sir,

Thanks for explaining what to follow!

I have just started taking interest in studying EW, though have no idea how long it will take to grasp it.

Also as you have always said that Pattern following gives the best trade setups, I will concentrate on that too.

"Following" in the absence of above is the safest one.
Sir I could not understand the above line, request your guidance.

Thanks!

gkm223 said...

1. 4531-5630=1099
2. 5630-4770= 860
3. 4770-5965=1195
4. 5965- ***=5***?????

Ilango said...

3.00PM TT & "Chart" with EW Updated.

anmpatel said...

sir if time permits pl do 3pm update.
thanks.

Hitendra said...

Close below 5840 would mean wave 5 not extending as per wave count attached.
Here since 5=1 and 3 is extended [1.618 times wave 1] its a perfect fractal.
Extentions are usually in one of the impulse waves only rarely in two but bubbles
have seen 5th extentions so one has to make sure its not the case. Failure to hold
this level and failure to go above 5950 should rule out extentions in 5th.

Rohit lattest comment.

anmpatel said...

ups....
sorry sir......

Ilango said...

"Following":

Following what your studies show....& not what you think.,

Following what the prices indicating by way of making HH & HL or LH & LL or stagnant in a range....& not what you think.,

Following a well thought out trade plan....& not the hearsays...

ITradeForProfit Daily said...

Nifty seems to have taken support of developing 21EMA @5842. A move above 5860 is needed now.

Hitendra said...

IT Sector roaring?

Safe bet.

After, Tata steel (metals), now a turn of IT's?

Dinesh Rishi said...

its rounding top

a break below 5840 NF will be bad for market

http://stocata.org/ta_en/images/patterns4_4_60.jpg

Stockathon said...

Dear Ilango Sir,

Fully understood the meaning of "Following".

And will try and do that in the best possible way.

As you always say "Get Rich Slowly and Quietly".

Thank you so much for guiding!

rajapvt said...

FEEL THE PRICE one of the days Ilango was mentioning. Only couple of the readers looks like went short at JNSAR price.

Ilango said...

@ Dinesh Rishi,

"Timely" chart..

ITradeForProfit Daily said...

Seems Nifty future will today close with a discount. Watch out.

Dinesh Rishi said...

Sir

will try to post actual NF chart

this weekend

its just pattern

anmpatel said...

@rajaji
count me in bears today both nifty and banknifty.......now banknifty also going to close below WHEMA.....
master also teach me rich QUIETLY also...
thanks.

wallacebaba said...

Friends confirm BNF shorts triggered!

Prithvi Yashashvi said...

@anmpatel

Now Confirming this is wave-3 or Not??

IndieTech said...

BN, which was outperforming Nifty till now, is under pressure today... it's weekly EMAs and Daily JNSAR have turned negative. A significant weight in Nifty, BN may be indicating whats next for Nifty!

jay shah said...

thank u sir by everyone happy weekend to all

shriram said...

Smelling a bounce next week .... either here or from WkEMA

Bye all !

anmpatel said...

@Prithvi
conformed sir.....

Hitendra said...

shriram,

i am with ur thoughts.

Hitendra said...

that may last up to 5th jan.

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

If NIfty spot had closed at 4841

we would had a perfect Marubozu

just missed by 3 points

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