Friday, April 26, 2013

Nifty Intraday Update-I


anmpatel said...

good morning master and friends.

congratulations. keep it up.

sandeep said...

gm master , dr ji n all

Debdeep said...

Good Morning Ilango Sir and friends.

divya thakor said...

is there any possibilyty for X wave?
if current rise is X wave than how much it will retrace of W wave?
what will be the negeted point for wave X?

vksoni said...

anmpatel ji

kat said...

diamond pattern might be formed in 5 min google chart.

Ashwin said...

trendline broken... waiting for a confirmation below 5870

vksoni said...

ilango sir mini 5 wave done from 5925 to 5879

shriram said...

GM Master & JN family,

Have a gr8 day!

Parimal said...

as Master has said yesterday, correction / consolidation can be of 100 or more

anmpatel said...

repeating ydays Q. negation point for red A is 5985? 80% of 6112 -5477?

Stockathon said...

@ Master

Nifty made a low (5879) lower than 5883 and has rebounded up to 5888.

As the first "sell into the retracement" comes to 23.6% (5890).

Would it be prudent to wait till 38%-50% is retraced sir?

Nilesh Patil said...

Alternate of Red A?

1) X done, and double zigzag may started or may start.
2) green big 5ths 3rd done and 4th is on.
Is it valid counts?

SJkolkata said...

Dear All,
Simple observation again to share :-
1. Nifty OI is at 1.55cr against 2.1cr yesterday. Everyone knows that this accumulation of OI was done in the range of 5485 to 5540 in april series. And now that the OI is reduced implies very easily all the longs accumulated had been let go for expiry at the highest levels. Now a days the heavy weights have started playing expiry game since it had become very difficult for them to buy or sell the positions due to lack of retails. Can backcheck what happened in January(highest) and March( lowest).
2. They have also started to make OI by buying their directions in Call and Puts as observed in April series.
Till now buying interest with heavy built up is seen in 5800PE.
So please keep a track from this angle on OI built up in nifty from lowest levels as well as series of Call-Puts.

Sanjay Jaiswal said...

Dear Ilango Sir & Blogmates,

OI Table Update at 11:00AM, Pivot-5932, S1-5870, R1-5984, ATP-5906, VWAP-5906

Good support building up intra-day at 5900, with huge addition from 5900-5700PE level, resistance taking shape around 6000 level, though early days…

Thanks & Regards

STOCK4SURE said...

emas converging in 5 min charts
5889 may be probable resistance till ns retest 5864ns levels and then upmove may start again towards eod for 5917ns
cmp 5880ns

Parimal said...

anybody pls give PCR ratio,

Atharva said...

Gm to all : BN has already filled yday gap..waiting for NS to fill..

shriram said...

Time to see one degree Higher Supports / RES

Supports :
Dev. Dhi / 34EMA,30m /21hr - 5856 / 5853 / 5854

Res: MnHiEMA / old Fibbo zone : 5950 / 5911-20

Dinesh Rishi said...


at right col of this blog u will find

"Nifty Open Interest/ PCR (Live)"

under heading

"Live Markets to watch"

Ilango said...

@ anmpatel,

Since the fall from 6112 to 5477 is of 3 sub-waves, the retrace can be any %, even 100%++ also.

Ilango said...

@ Stockathon,

The best trades are @ retrace of 50%-61.8% with a SL @+80%

Ilango said...

@ Nilesh Patil ,

As said this morning"s Pre-Mkt view, Day/week TA seems to be intact. A close below 5856 today would weaken the day TA. Only then, should be touch upon those scenarios.

Presently, we are only commenting for "Intraday moves".

STOCK4SURE said...

ns very near to res of 5889ns
cmp 5887.5

Parimal said...

Thank you Dear DR
very nice view

Nilesh Patil said...

Thank You Master

PCR IS 1.137

STOCK4SURE said...

if ns could not break abv 5889-92 range now then may expect 5866 now
cmp 5886

Stockathon said...

Thanks a lot Master.
Will act accordingly.

shriram said...

Sensing a small dip to 5850-60 zone NS

Holding this level for 1 Hr, a bounce can unfold to higher levels > ysday ....

Parimal said...

Hello Nilesh Patil
thanks a lot

DKG said...

Nifty has crossed 61.8% retracement but Sensex has retraced only 61.8% of the fall. I had suspected that Nifty may not fall before April clearing due to creation of huge shorts in Nifty & BankNifty at lower levels and the same happened yesterday. Now Nifty may remain volatile in sideways range for some time to create distribution pattern before starting next leg of fall. Upsides seems limited and one may buy puts or sell 50% Nifty futures on every rally. Balance 50% should be sold on confirmation of reversal.

STOCK4SURE said...

if ns didnt break below 5838ns then fractals are indicating of a big upmove next week
may be retest of 6100-6112ns levels
reason:RBI policy

Pattern Trading said...

Tata motors update :

Price kissed blue channel today

Jay Mataji said...

@ Master,

as u said that .best trade is near 50% to 61.8%.

so can we sell at this level as 80% sl 5985???

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