Thursday, April 11, 2013

Nifty Intraday Update-II



58 comments:

STOCK4SURE said...

@VKSONI

cant find any -WW pattern
plz post ur observation so that can have another look at charts

instead in intraday 2 min charts its contracting triangle making HL amd LH

may soon give breakout as apex of triangle is near 1.30pm

my guess it may break on upside towards 5601 -5605ns range

Anandha said...

Sir ji, Nifty Futures are trading at 1.5/- premimum. Does that mean more selling pressure on Index futures? or Indecision situation ?

vksoni said...

s4s,
in intra chart pt 1 is 5588

Swami Shivkumaar said...

Dear Sir, when we update the excel already 9D RSI is turning down and 14H RSI has turned down. IS this anyway significant or we just have to wait for it to close below DLEMA for shorting. If possible kindly suggest

Ashwin said...

@ sriram
Intra candles forming a Beautiful Symm??????

targets pls

Anandha said...

Below 5574, Nifty looks weak. Above 5585 it may move up.Support may be at 5545

J.R.Julius said...

Camarilla Update : Nifty Spot
CMP@5555 can be considered as part Booking level
for H3 SELL. TSL to Breakeven.

STOCK4SURE said...

@VKSONI

cant see any -WW pattern as after 5588ns it didnt made a higher high

Nilesh Patil said...

It looks like small abc done.

shriram said...

@ Ashwin:

Tgt was 34EMA,30m i.e 5551.. almost done, now if this level holds & it retrades > Static 5DEMA (5559) it can attempt another rise to finish a bull flag

sustaining below 5551, will invite bears ...

STOCK4SURE said...

addn in 5600ce and pe is nearly same
strong addition in 5500 and 5400pe

bulls may hope for a recovery

prakashbkc said...

GA Master,

Bought nifty at 5550

Vivek said...

Nifty premium has gone. it under 1 -2 points discount.

Ashwin said...

@shriram..

thanks a lot .... targets achieved.

STOCK4SURE said...

O.I in 5600pe increasing with fall in nifty

are they writing 5600pe and fall was to make prem value increase????

shriram said...

yes Ashwin.. keep track on these EMAs now

@ s4s:

while spotting WWs , pt 1 has to start anywhere with-in the pattern / wave or can be placed from outside the current wave also pls ?

Rahul said...

Dear Master,

Why we are not tracking the rise from 5447 to 5610 for retracements?

Regards,
Rahul

Rahul said...

Sorry, I meant rise from 5477 to 5610. 50% done @5543. Should we consider weakness beow 5543 and it will break 5477?

Please guide.

Thank you.

J.R.Julius said...

55% of 30min Bar = 5570
Above this level nifty may give
yesterday like reversal.
Just posted one of the WRB rules,
do not distracted by my msg.
Stick to your trades.

Indus said...

@Ilango

as per premarket conservative table, you have suggested a buy at 5535-5550....given that at these levels we would be trading near DLEMA and below the 21hr/34 hr sma, why would we be buying?
I am confused

Anandha said...

More volume is seen when price is in downside which resembles the selling pressure.Any of u see Nifty closing at 5504 if support at 5545 breaks down?

Abhi said...

small 5 wave done @5543 ?

Neyaz said...

Sir ji......nifty is towards 5535....according to ur view...thx...

Ilango said...

Nifty, after being resisted @ 5587-12th JNSAR, entering into the "Buy zone" of 5535-50 (Equals to 5542-27-50%-61.8% of the rise from 5477 to 5607).

Atharva said...

Good afternoon Master : tomorrow INFY results any inputs ..thanking you..

Navnnit said...

Shriram AND Stock4sure,

Usually WW (bullish-bearish)4th touches pivot(daily-weekly)... does that fit into the scenario ? check

Rgds,
Navnit

Indus said...

@Ilango

In view of the above observation, why is that the buying zone, given that we are in a downtrend...am unable to grasp this concept

Abhi said...

nifty & nifty future values are almost same today. Is there any significance ? Yesterday nifty future was almost 20 pts higher. If someone can explain.

Anandha said...

@ Ilango
(Equals to 5542-27-50%-61.8% of the rise from 5477 to 5607).

What is the 5474 we saw yesterday in this rally ?

Ilango said...

@ Indus,

Ilango said...
@ Nitin Kadam,

BUying at appropriate levels would make the trade viable with a very small SL.

It is to be taken as a bounce for the fall of 5755-5477.

61.8% comes @ 5649 which is a resell area.

Under the above situation, one should hold on to shorts and add around that zone. Buying level, if emerges around mid session, may be considered with strict SL and EOD prices must close above 5561(DEma.)

==========================================

If you can bear to see a rise from 5477 to 5649 and hold your shorts, you may ignore the intraday swings.

Most of our comments during intraday is aimed at understanding the market swings and capitalise on it such as:

Selling at open;
Buying @ 5569-61.8% retrace of last rise from 5546 to 5607;
Selling @ 5587-WLEma/MLEma/ 12th JNSAR
Buying @ 5535-50 zone.

shriram said...

@ Navnnit:

"Usually WW (bullish-bearish)4th touches pivot(daily-weekly)..."

will need to check this obsv, before analysing further. will come back after a few days of obsv

Indus said...

@Ilango

Thank you

Anandha said...

@Abhi

When there is a sentiment that the nifty may go up then people will show interest in buying. As interest in buying increases price may go up which will result in pay more premium for Nifty futures than Nifty value. When profit booking is in place it may be more or less flat with nifty which happened from morning today.trading 2 to 5/- premium.When there is a view on nifty slip to lower levels then future selling happens which results in Nifty future trades in discount. Hope this gives an idea. Experts & Gurus, please correct me if I'm wrong.

Ilango said...

Weak below "5552-55".

Anandha said...

@Ilango,

Sir ji, could you please give such levels to SBI as given for Nifty with buy zone?

Ilango said...

Premiums & discounts of NF will never help you. Just ignore it.

Follow your own studies; that discounts all the "reasons".

Dinesh Rishi said...

Nifty

http://fc04.deviantart.net/fs71/f/2012/172/1/d/pendulum_with_tail_by_khawlaalali-d54aktt.gif

Ilango said...

@ Anandha,

Presently, I could just barely manage "Nifty".

Abhi said...

Thanks Sir.
Thanks Anandha.

Anandha said...

Nifty may not move much from current levels. Trading is very flat.Stick to JNSAR with out any temptation or disturbance. Range bound session for another possible.

STOCK4SURE said...

after hitting sl of longs are they moving to hit sl of shorts

divya thakor said...

sir
if 5587 triggered than sir its jnsar buy or wait for 5650?

J.R.Julius said...

Camarilla Update : Nifty Spot
TSL exit for H3.

Next levels Can be considered
if price reached 5596.50 [mid of h4&h3]
then scenario#2

STOCK4SURE said...

nowadays most of the times Korean news is planted to make markets fall

jabki korea kospi green mai tradekarta hai

seems missiles are directed towards nse/bse only

Abhi said...

divya,

I am not very experienced/successful trader.
But I can advise you one thing. You are mixing up two things. JNSAR & Conservative trade. If you have that much capital, you can trade both. But dont mix. Every trade has its own merits.
1. Above 5587, according to JNSAR , its buy.
2. As Sir mentioned - "If you can bear to see a rise from 5477 to 5649 and hold your shorts, you may ignore the intraday swings."

suresh said...

ns if > 5578 ,then
likely to c 5596/5610

Neyaz said...

@abhi sir,thanks .....learned soemthing ....

Guru said...

VIX is contra for this rise..longs should be careful?

J.R.Julius said...

@Divya Thakorji,
Important JN Links:
http://www.4shared.com/office/lV2nOh8f/Must_Read_Articles.html

Kiran said...

VIX might rise due to INFY results coming tomm, creating lots of straddles in INFY and NIFTY.

J.R.Julius said...

55% WRB reversal strategy worked today also.

shriram said...

Intra Bull Flag Brkout ??

if ys, py. tgts 5575+55 = 5630

Nilesh Patil said...

Bank nifty on the verge of falling wage breakout

durga said...

@JR. JULIUS
what is 55%WRB?PLEASE.adv,,tks..

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