Thursday, December 6, 2012

Nifty Intraday Update-III


55 comments:

N Ram said...

Go Long now Nifty may target 5880-5900 with suitable sl

Ilango said...

@ Shriram,

The fall was of 3-wave kind. Hence, 50%-61.8% is ideal(5884-94) and shouldn't breach 80%(5910).

Sai kadam said...

Sir how get out of fear during trade for ex retracing of today high @ 23%comes at 5838 so I want to take long but I am not sure about it how to avoid this type of fear

vija i said...

dudes I told if nd crosses 5885 intraday will reach 5915 v fast done in 9 min

HARISH TAHKKAR said...

Ref.to today post: 11.40
Interstating observations:5M.candles FNO.
Last tailed bearish,1st low of the day 9.39 AM
made H-L 5898-5971 (27 points).5M candle of 11.04 made new low 11.04 bullish hammer vol347000.Running candles c/o & making Hourly Bar Reversal.Previously all 5 M candles inside last bearsih tailed candle !

Kiran said...

Today's time/price pattern movement is simmilar to 5-Oct's Trading...
(Ignore freak trade from Emkay global. Also ignore 10-15 mins after NSE re-open after freak trade).

Sujatha said...

Crorepathi - i respect you and your views..pepsi totally taken out the "Kalimark" (or something i don't remember exactly ) local brand...Mr. Gurumurthy many times mentioned about some brands and their ingredients. Since 10 years i am using PEPSI & cocola for bathroom,tiles, kitchen sink etc., cleaning.. PEPSI is better than COCOLA giving good results.. in this way i appreciate "pankaj advani" very much he denied to endorse that "product" :) hats off to his "patriotism"

Kranti said...

vija i

On what basis you had mentioned the fast move will happen, may i know.. it will help.. Thanks

deepak pinto said...

Sir
As this mornings fall was voilent and retraced the entire last 5 subwaves from 5859 to 5926 it should be taken as a TL break of 2-4 and a reversal of sorts for the time being and so sell on rises is in order until the correction for the last impulsive 3 or entire 5 wave is done.

Crorepathi said...

Kranti, please read till end to get your answer.
I dont have enough information about AAP, so I cannot comment.
Corruption is part of evolved society, which we cannot erradicate, but we have to stop vested interest and monopolization.
A few powerful group are trying monopolize every thing in business, financial and even religion

Sujatha said...

Kranti - ஓவரா கத்துகிறது உடம்புக்கு நல்லதில்லை

Sujatha said...
This comment has been removed by the author.
Crorepathi said...

Sujatha,
Really, best toilet cleaners.
Nostalgia - Gold Spot...the zing thing.

mynac said...

Dear Nilesh P,
sorry for too late response...Hello..

SJkolkata said...

Why forget Campa Cola

Kranti said...

Sujatha.. I dont have anything to do with any party .. i am non violent guy.. nanthan pavam..romba sadhu.. na undu en meditation undu irruken

Sujatha said...

Crore - forgot to add - using for "flower pots" too good "insect" killer. pots r neat and fresh only i hv to trim it and some times changing the soil...v hv to pour the pepsi in "spray like bottle" and can use..

Prabha Gopalkrishna said...

NF crossed DR Master's loc 5915

Sujatha said...

Kranti ji - :) :) but nifty is not "sadhu" :( again getting wild . future is still "fishy"

Parimal said...

As swiftly it went down, as swiftly it recovered!!

shriram said...

Ilango ji,

Rounding bottom asserting ??

HARISH TAHKKAR said...

Now daily Bar Reversal too.

Ilango said...

@ shriram,

You did not correct me (I also posted it in a hurry):

The fall was of 3 wave kind. Hence, it can move above 80% also.

My comment suggested for a zigzag retrace.

N Ram said...

Good move by Nifty. Now watch 5900 to hold long and carry O/N based on ones risk appetite. to be exact 5894.

shriram said...

was going to sir,

dint want it to be mis-construed as impetulance , so kept silent & suggested this :-)

mynac said...

Dear Parimal,
But it does not helps,too much in "longer term.."when DHEMA used to come much closer to Day Close,too fast than expected..

In current situation Bulls are taking full advantage of the event...so don't want to loose their control..

N Ram said...

Just counted Nifty gave roughly 80 points from the time of post. lucky to spot the move.

anmpatel said...

sir
kindly do 3pm label update.
thanks.

Ilango said...

3.00PM TT & Chart updated

Ilango said...

Expanding triangle's top comes around 5935-40.

Parimal said...

Mayawati is to vote for the Bill in Rajyasabha (15MPs). so the market moved up swiftly.

N Ram said...

Nifty is on the verge of making highest ever hr close. previous one 5912

Nilesh Deshpande said...

Nifty hit the intial ATR breakdown target and is back in the ATR sell zone.

Indus said...

@Ilango

Earlier in the day you had suggested the correction could be expected to last a min couple days. Now resisting at 5940 levels. would appreciate an update of your views...thanks

Venky said...

Sir, can we take agreesive shorts here.

Nilesh Patil said...

@Master,
Is it Hanging Man today on Day Candel

SANPOT said...

Sir, if we join the rising trendline of the Expanding Triangle the target comes at 5990/6000.

N Ram said...

Mayawathi not relevant for people who follow technicals. Now , 5944 will be on the block lets see how the bulls overcome it.

Ilango said...

Moving above 5940, it resembles more like the 5th wave....

Indiacharts said...

wave 4 marking was a great call

jay shah said...

dear sir JNSAR is available from september 2010, any place where i can get it for 2008 and 2009 for backtesting, many thanks

Parimal said...

Dear Nilesh Patil
thanks for spotting. yes it is Hanging Man candlestick pattern on day chart preceded by 4-5 sharp candles with gaps in each one. this is very typical formation.

Hitendra said...

Sir - What are the possible targets for Wave 5?

jay shah said...

good bye dear sir , seniors and freinds thank you everyone

anmpatel said...

5700PE at 12rs.....yammi....if hanging man than....toing.....

Kiran said...

QUOTE
Ilango said...
Moving above 5940, it resembles more like the 5th wave....
December 6, 2012 3:22 PM
UNQUOTE

Do you mean completion of 5th wave. OR just 1st of 5th wave.

shriram said...

Ilango ji,

seeing as C.5 from 5549 or

C.3.5 to end near 5950-6K ??

SJkolkata said...

Sir,
Whats the interpretation of The Expanding Traingle.
If i am not wrong, it probably signifies the end of a big move.
Thanks in advance

Ilango said...

@ Indiacharts (Rohit),

Thank you.

Ilango said...

@ Hitendra,

The exp. triangle resistance for tomorrow would be 5950(approx); if it moves above it, it could target 6000-6014(Filtered 80% which BN has crossed two days ago @ 12307)

As long as Technicals are firm, higher levels will appear.

mynac said...

Bye Everybody......

Tushar said...

Hello All, Is hanging man pattern is confirmed today ?
Please guide.

THanks

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