Thursday, January 17, 2013

Nifty Intraday Update-III

Kumar Technicals
12:32 PM (1 minute ago)
to me
Dear ILango Sir!

Hope this finds you & family well. My Gmail id is blocked due to some error & Google will take 3-5 days so i am unable to reply all those mails which are regarding health. There was a lady from JN who mailed me about his husband cardiac problem & when i tried to reply him next day, my id was blocked. 

There will be so many mails regarding health bcoz on an avg 4-6 mails daily regarding health from JN. I have no other means to reply all them bcoz my yahoo id do not have their e-mail ids. Kindly do me a favour, inform in your post that all mails regarding health send again our yahoo id atKUMARTECHNICALS@YAHOO.COM. I am concerned about them & not feeling well so seeking your help.

Rgrds,

Kumar

43 comments:

Anonymous said...

Parimalji,

Wipro is coming down.

Any view pl.

Thanks.

Akash Patel said...

@master
when can we say it is start of green (3)?
thanks.

Unknown said...

Updated NF Chart (30 min) Possible Resistance 6068, support 6050.
http://www.fileconvoy.com/dfl.php?id=g4c92cd74a082c3bb999199373104cb3d38a6fe4e1

Madhs said...

@anmpatel

CMP closes above 6041 and opens gap up 2mw then it is start of green.

@master correct me if am wrong.

shriram said...

@ Bill Gates: Not possible.. office pressure doesnt permit... later in the evening pls

@ ilango ji: how would one approach if NS > 5057 (1.618xA{=5989-6024}+6000) ??

Unknown said...

take care longs.

chetas said...

Sir,

is it a perfect sell on rise ?

1. weekly is sell on rise, and tomorrow it should come in to play,

2. Daily also sell on rise, so Hema + 20 = 6043+20, based on that resitance zone is 6043-6063

3. R1 is 6041

4. 80% of the last fall is 6053

all factors coming together, so If I take a short now, what would be my stop loss, 6068 or 6057 ( c >1.618 of a )

better strategy would be stay on sideline now, till it resolves ?

STOCK4SURE said...

midcap index may start its action now abv 12520

Ilango said...

@ shriram,

If "b", it should limit below 6055.

If "ii", it could go all the way upto even 6065.

Only a move past 6069 would resolve it then.

High addition in PE OI & VIX not sustaining 14.16 seem to favour bullish sentiments.

manojag said...

SL as per pre market commentary:
keeping below 6055, "Sell on rises" continues.

Ilango said...

@ shriram,

Yesterday's high 6056 is a good Stop.

Akash Patel said...

@Parimalji
what's your view on IDEA?

STOCK4SURE said...

IT index at 55ema supp in 5 min charts
it may move up again and help ns to conquer abv 6054-57 range

shriram said...

presume u mean *6068 sir ??

Tks master :-)

chetas said...

one more point i noticed is,

the highs connecting 6042 (7th jan) and 6018 (11th jan ), the break out happened above the falling resitance line at 6006 levels on 14th jan, today nifty retested that previously broken falling resistnace line, hence now support at 5990 levels and from morning it is rallying

Sujatha said...

http://www.marketcalls.in/finance/understanding-discount-brokers-in-india.html

Now very much remembering "DR" ji - nd why he is often insist to go for "reliable broker" :)

aa aavoo.. aa aavoo nifty pls

chetas said...

Nf touched yesterday Value are high ( as per Sanjai sir blog ) at 6073

Sujatha said...

sir

still the "weekly HEMA + 40/50 pnts plus" is "sell on rises"??? (as nifty has exactly done the same again) is it worth for "aggressive traders"?? and if the close is around DHEMA is the chance for them?? time perrmits. tks n advance.

Rajaram'z said...

Hi,

Today morning the JNSAR triggered SELL, do we hold it till tomorrow or close it.

Can somebody please help.

Regards
RR

Ilango said...

@ Sujatha,

This strategy has worked well "most of the times". Till the trend is "firmly in place", it is aggressive play and one should apply "Stop loss" promptly if prices reverse above "6056 or 6069".

80% @ 6053 has done its job quite well today.

Ilango said...

@ Rajaram'z,

Ilango said...
@ Prasad,

When you find a "Sell on rises" emerges and JNSAR triggers, you could consider selling "on rises" @ reasonable retracements provided "you are proficient in understanding technicals and able to merge them".

OR

You could use a small filter based on the "support zone" emerging....

OR

Simply take the trades and manage with another SAR.
January 17, 2013 at 9:36 AM

Ilango said...

A baby 5 done from 6053 to 6026.

Anonymous said...

Dollar is -50 paisa.

Bad for IT & Good for NF?

Sujatha said...

sir - sorry sir..donno wat to do positionally?? (still i am not good at positional trading - doing only intra or short term) riding only the retracement levels this month. i closed @ spot 25 level. thinking of buying puts a little if it close below the "bearishing engulfing 6042" (i think that's bearish engulfing) and based on this trading the whole week :P

tks nd regards

Rajaram'z said...

Thank you sir, I missed it.

Ilango said...

@ Sujatha,

Rising wedge break down for Nifty @ 5985 and for BN around 12500.

Keeping below "6050", the break-down could happen tomorrow.

murli said...

SIR

PL TELL ME CAN I PROFIT BOOK AND SHORT CREATE IF NIFTY CLOSE BELOW 6050

Nilesh Patil said...

@Sujatha Sis,
Breakdown karwa do. :P

Que sera sera said...

Master,
Can we hold the shorts taken at 6030 overnight without hedging? Any chances of gap up to skip the Sl?

Please suggest

Thank you

Ilango said...

@ murli,

If you haven't understood my exchanges with readers, you must read through "thoroughly"

"Always start trading with these"-8 topics listed at the top right side of this blog.

I want you to be independent to take charge of your affairs. Sooner the better.

puravi said...

Average closing below DHEMA???

Mangoman said...

Many people think the JNSAR number given here is followed by Master. This is just a system.

It depends on you to take the posiiton exactly at the point.

dont think master is having a conservation, a jnsar and a aggressive intra all in one all the time...





Ilango said...

@ Que sera sera,

Take a fresh trade tomorrow, since you are uncomfortable.

Mangoman said...

That does not mean master do not follow JNSAR..but that depends on other clues long term short term etc....

Rajan said...

WOULD THE CLOSING B A HANGING MAN?

chetas said...

adjusted close around 6038, below hr and day high ema, above 5ema, above tomorrow pivot

Mangoman said...

But a rare directional comment from Master excites me..as a hard core bear...(purely fundamental reasons)

puravi said...

Thank you & bye Sir

puravi said...

Thank you Chetas

Que sera sera said...

Thanks Master,

Half answer lies in the question :)

S A M i T said...

Illango Sir,
If 5th Completed @ 6069,
A = 6069 - 5989
B = 5989 - 6052
C = 6052 - xxxx
Is it possible ??
Asked because I could not see this possibility marked by you in the chart above...

srn said...

Market closing above intraday resistance.have a nice day and greem morning and goodevning ji and all.

Unknown said...

mkt shld close tomorrow below 6007 for further declinig nifty am i right sir

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