Monday, April 8, 2013

Nifty Intraday Update-I & II


arpitg345 said...
This comment has been removed by the author.
gauresh59 said...

Namasthe ilango sir and friends,

Today's quote received :

Life may be short or long...
But Time is fast.
No replay...No rewind....
so enjoy every moment as it comes....!!!

J.R.Julius said...

Camarilla Update:
Till now Sustain above L4.

Safe Traders can only FOCUS on Breakout
levels [H4&L4] with Proper Risk Management.

Aggressive Traders can consider it as Scenario~3
with these levels [L4@5530 & Modified L3@5550]
Modified L3=(L4+20)!

Friends, Please don't take my updates as tips/
call, just observe it as a Intraday Trend following
tool using Camarilla. So that you can make your
own trade plan using Camarilla or Any other Pivot points.

Vicky said...

Illango Sir,

Considering both the counts of wave v of 1 or Wave 3 having started, would the first count be more preferred considering that the Midcap index and the small cap index have had a wave A up and retraced not more that 61.8% of the upmove in wave B , while the nifty has made a new low in wave V of 1

Hitendra said...

GA to sir & friends.

Anyone pl send businessline view?

Ilango said...

@ Vicky,

Preference is given based on the "most obvious looking wave structure" along with "technical positioning of various t/fs".

It is evenly poised presently. Our bias has made a difference.

Abhi said...

Sir, any aggressive buy can happen here ?

Sanjay Jaiswal said...

Dear Ilango Sir & Blogmates,

OI Table Update at 1:00PM, Pivot-5573, S1-5552, R1-5593, ATP-5570, VWAP-5570

The CE writers are out of their Slumber and now are have added huge at 5500-5800 strike prices, with only meaningful addition seen at 5500PE, right now Upside capped for the day…

Thanks & Regards

Ilango said...

@ Abhi,

Yes. That is the message in the previous comment.

mynac said...

Afternoon Everybody

Ilango said...

"5540-44" must hold for any bounce to continue.

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