Wednesday, April 10, 2013

Nifty Intraday Update-I


Parimal said...

Hi Hitendra
how bounces are created? they are created after a significant fall/rise when traders book profit. after booking profit, traders wait for right opportunity to re-deploy the fund, this creates consolidation mode.

J.R.Julius said...
This comment has been removed by the author.
J.R.Julius said...

Camarilla Update : Nifty Spot

H3@5527 ↓
L3@5463 ↑

Aggressive Traders will use levels Directly.
Safe Traders need Confirmation of Resistance@H3
or Support@L3 using TL or Technical Indicators
before entry!

Parimal said...

yesterday Nifty and Sensex were moving in 1:4 ratio, today also seems to be the same.

Anil said...

@DR ji,

Many many happy returns of the day...
God bless you...

Manish said...

Goodmorning master and all friends,

Wish all a Great Day !

Nilesh Patil said...

is there any +ww formed in nifty?

Nilesh Patil said...

BOB is ready to bottom out?

DR.SGM said...

Dear sir,good morning.

Parimal said...

Hi Nilesh Patil, thanks
will have a look at BOB, a significant stock.
yes, very low, yet to find positive indication like +ve divergence etc.

STOCK4SURE said...

@Nilesh sir
+WW is developing in daily charts
pt 5th formed
now ns needs to sustain abv 5603ns(lower T/L of WW pattern)
trgts 5780
option data is not supporting this view

if ns do not go below yestedays low today then an upmove towards eod may be expected towards 5557

ITradeForProfit Daily said...


ND Sir's levels can be reached at

Nilesh Patil said...

It has a falling wadge or +ww forming. near 50% larger retrecement and 600 is rock solid support.

shriram said...


Gap zone is 5528-5435..
All rises are being sold into, master has said waves may be sub-dividing, though we dont know if its C or 3 right now from 5971

if C, then C=A ,i.e 5523 is done

To simple eyes following count may be unfolding, for further tgts :-
123.8-138.2% : 5416-5352
150-161.8 % : 5300-5246

For reversal from this MT downtrend, min EOW close > Wklo needed

satheesh said...

Namaste Ilango sir and all,

Belated Wishes DR Sir :)

@ S4S
can you please give the vertices of the +WW and the TF. Should your sentence read as 5503 rather than 5603??

Ilango said...

If the day's price structure is a corrective one, the possible "abc" would be:

a: 5487-5536
b: 5536 to 5490.10 (almost done)
c: 5490+49=5539(approx).

5560 was the strong resistance of yesterday's intraday chart.

Sanjay Jaiswal said...

Dear Ilango Sir & Blogmates,

OI Table Update at 11:00AM, Pivot-5539, S1-5456, R1-5584, ATP-5513, VWAP-5513

Evenly matched day till now after the huge Bear move of yesterday, 5500PE writers are holding on and 5600CE not giving an inch, could be range bound for the time being…

Thanks & Regards

Parimal said...

TataSteel at the lowest level on week, day charts

shriram said...

@ s4S,

-ww on intra BN candles... pattern seems cleaner there than on NS

DR.SGM said...

Dear sir, the FII's have poured ahuge sum of money in february when the index was at the looks contrary to the concept of'smartmoney playing' at the top and seems that the smartmoney caught trapped by the supremacy of market.pls give your valuable opinion reg this fact.thanking you.

STOCK4SURE said...

@ Shriram

possibly may move up abv 10970 once and then may dip to retest days lows of 10889 near 1.00pm

what ur views abt -WW???

shriram said...

@ S4s,

similar view

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