Tuesday, January 1, 2013

Nifty Intraday Update-II


34 comments:

Sanjay Jaiswal said...

Dear Ilango Sir & Blogmates,

OI Table Update at 12:00Noon, VAH:5959, POC-5950, VAL-5943, WVAH:5914, Pivot:5958, R2:5994, VWAP:5995

PE writers in full control, with Nifty Future above 6000, CE writers at 5900 are giving up hope….

Thanks & Regards

rajapvt said...

Crossing 5950 firm,,,

Parimal said...

Reliance Infra: after a protracted (15 days) consolidation, this counter makes a big gain.

rajapvt said...

Profit booking @6K,,,

Hitendra said...

GA Sir,

Is there any view on Wipro by someone?

Thanks in advance.

rajapvt said...

Senate overwhelmingly approved 'fiscal cliff'

rajapvt said...

U.S Senate Passed crucial Fiscal Cliff bill to in the ratio 89:8 (Supportive for Dollar index).

Ilango said...

Rumour becomes news.

rajapvt said...

When news comes out,,,

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

@Master,

In above chart ,

you quote 'b' ,so if nifty cross 5965 than b is invalidate???

sudharsan said...

Master and friends advice on tatamotors..pls

Parimal said...

My Dear Sir Ilango
kindly help me understanding the difference between Double Top/Bottom Pattern and Rounding Top/Bottom.
the case in point is the day chart of Divi's Lab.
any reading material that you may have.
thanks and regards.

SANPOT said...

Sir, is it then Buy the Rumours and Sell the News?

Ilango said...

@ Parimal,

http://www.investopedia.com/university/charts/charts4.asp#axzz2GhvGAUFp

http://www.investopedia.com/terms/r/roundingtop.asp#axzz2GhvGAUFp

http://www.investopedia.com/terms/r/roundingbottom.asp#axzz2GhvGAUFp

bb said...

Any target for Tata Steel?

Parimal said...
This comment has been removed by the author.
Parimal said...

Thank you Sir
shall go through the same.
Divi's Lab day chart confuses, looks like Double Bottom as well as Rounding Top.
regards

SANPOT said...

Tisco has broken the Resistance of 436. Next Resistance at 455.

sudharsan said...

Master can we reenter tatamotor on dips??

Parminder said...

Master ilango and friends,
Wish u a very HAPPY and PROFITABLE YEAR 2013 and u always bestow ur love and education on us all.
Regards
☺☺☺☺☺☺+1

rrknan said...

BUY ON RUMOR SELL ON NEWS

Ilango said...

@ Parimal,

Divi's lab: Consolidating in the range of 1010 to 1200. If holds 1010, it could make another high.

Parimal said...

Thanks Sir
price of Divi's Lab is taking support of 200DMA (1024). CMP 1106-7.

Ilango said...

@ sudharsan,

TataMotors: If tatamotors is doing a flat correction from its earlier top of "320.75", it fell once to 203 and it is in the final stage of its corrective rise; being a "flat", chances of an irregular flat is possible during which it could make newer highs.

However, risk-reward is lesser now for longs compared to the earlier retracement points of 225 or 245 or 256.

SANPOT said...

Sir N.F is trading at a very high premium of 55 over the Spot. Is it justified and what does it indicate?
Kindly explain. Thanks

ALBELA HOUSE said...

R/Ilango Sir,Namaste n Namaskaar 2 alreader's.Nav -Yug,Nav-prabhat, Su-prabhat. Happy New Year.

Ilango said...

@ SANPOT,

I have no idea of the reasons for such a huge premium.

As long as prices are above "High emas", momentum would keep such sentiments.

Sanjay Jaiswal said...

Dear Ilango Sir & Blogmates,

OI Table Update at 2:00PM, VAH:5959, POC-5950, VAL-5943, WVAH:5914, Pivot:5958, R2:5994, VWAP:6000

6000CE writers are not scared though NF is trading above 6000 for sometime now, downside support getting better with each passing hour…

Thanks & Regards

SANPOT said...

Thank you Sir.
Sir I have mailed you the daily chart of HIND.COPPER showing a probable Triple Zig-Zag pattern. Request you to comment on it. Thanks.

Prana Swaminathan said...

a high premium indicates likely up move of Nifty. As Nifty goes up premium will come down due to shorting.

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