Wednesday, April 17, 2013

Nifty Intraday Update-II


San said...

NIFTY intraday update: CLICK HERE

Raghavendra said...

Parimal ji,

Yes, SunPharma is on a roll..

Only concern is 922 is channel top ( Source : Pattern trading ) and RSI negative divergence on daily chart. Week TF is still good.

Have seen RSI divergences failing when stocks are in Strong trends. Ex : Maruti up move from 1300 to 1640 level earlier in the year with consistent negative RSI divergence.


The_Unprejudiced_Observer said...
This comment has been removed by the author.
NI3 said...

Respected sir n blog mates,

Any body following Tatasteel seen back in action?
is right I just want to confirm

The_Unprejudiced_Observer said...

5735: wkly HEMA / DR1 / H3
Also 'Lead Indicator' possible crossing over from above 90+
Getting resisted for the completion of 3rd ?

J.R.Julius said...

Camarilla Update : Nifty Spot

Ilango said...

Intraday weakness below "5710-15".

Parimal said...

SunPharma: that is good to have negative dive, buy on dips

J.R.Julius said...

Camarilla Update : Nifty Spot
Safe Trader could wait for the confirmations
of H3 bending (Using TL in smaller t/f) or

shriram said...

Can expect a fall now to 5670-90, if no new high seen in next 1 hr ?

Oscill showing Div. on Hr / 5Hrs TA

Jay Mataji said...


as you told in the past that we are in major down trend and also you indicate wave 3rd, also wave ii in red label indicate @5765, so can we sell with stop loss of 5765 or at which level wave-ii @5765 invalidate???

Ilango said...

@ Jay Mataji ,

80% of 5971 to 5477 fall is @ 5872-Negation point.

For aggressive traders: Few points above 61.8% @ 5782.

To sell, wait for prices to close below DHEma and see how the Week numbers' colours.

J.R.Julius said...

Pls check ur mail.

Anandha said...

Nifty hit the target of 5735.Now Nifty have to see lower levels.As master suggested lets wait and watch for sell signal.Already there in few stocks like RelInfra,HCLTECH

krishna varma said...

Dear Sanjay Jaiswal Sir

What is you view on market now

Thanks & Regards

Sanjay Jaiswal said...

Dear Ilango Sir & Blogmates,

OI Table Update at 1:00PM, Pivot-5648, R1-5757, ATP-5710, VWAP-5710

The impatient Bulls are at it again, with 5700 level sealed for the day, but the 5700CE writers have still not given up hope, with OI above 80 lacs…

Thanks & Regards

sudharsan said...

Master said Intraday weakness below "5710-15".

J.R.Julius said...

Camarilla Update : Nifty Spot
Part Booking Point 5708 reached
for H3[SELL]@5728, Part Exit & TSL
can be considered.

Sujatha said...

Julius - thank u very much..shhhhhh "how many times i have to push nifty down" not's better ask nifty to get down by lift onceeeeeee mudiyalapaaaaaaaa overload work today :(

rochak - sofar no change in my view am not in long

Ashwin said...

@ shriram

booked 30 points right from ur message...

thanks a lot...

what will be the buying point now?

Debdeep said...

Nifty bouncing between 200 DMA and 200 HMA.

rajapvt said...

Why this kolevari with bears? Are you in short Sujatha? Contra trade??? No electricity, Lift won't work. It should come down in stairs only for now as trend buy in dip (ofcourse not weekly).

J.R.Julius said...

ஒரு வழியா மந்திரம் போட்டு நிப்டிய இறக்கிடிங்க.
From yesterday market close itself expected this
H3[SELL]. சின்னபையனால முடிஞ்ச ஒரு சின்ன

Sujatha said...

raja - no electricity??? pichkooooooo ask nifty to jump like "jackiechan" no offence i need reasonableeeeeee downside where i will decide whether to book out/partbook or hold

bye for timebeing

Abhi said...

I think we need to see 5680 closely
5680 - almost 50% retrace, almost start point of last 5th.

Breaking 5680, it can tgt 5669.

STOCK4SURE said...

addition started in 5700ce
chg in O.I abv 9 lakhs

divya thakor said...

five of 3 completed and correctiv wave 4 is on?

Sujatha said...

aaaaaaaa 1.30 m close should below 5682 is halwa or below 5700 is better let us see nifty not allowing me to move???

J.R.Julius said...

Camarilla Update : Nifty Spot
Google 5 mins chart
candles are price rejection candles.
Safe traders Entry
12:55PM candle Trendline Break!

Also one can handle it using google
2mins chart with 55EMA or More.

These are the simplest ways to confirm
H3/L3 trend against trades.

Abhi said...

if sustain below 5669, then 5650(pivot), 5640 (5dema). Above 5708, strength returns.

J.R.Julius said...

Great Sir. Your Targets 5670-90 reached perfectly.

J.R.Julius said...

Price Action Alert :
NF 30 mins Reversal PinBar(current bar) Seen....

STOCK4SURE said...

since O.i is not giving any clear posn yet
they have decided to play safe
5700 +/-31 pts

5669 and 5731

mil baant ke kamao aur khao

Ilango said...

5 wave fall from 5732 to 5669(61.8% of the last rise from 5630).

Hence, retrace shouldn't move past its 80% @ 5719.

Its 50%: 5701; 61.8%:5708.

Ilango said...

@ divya thakor,

You have been observing the waves quite well. Start believing in yourself more.

Ilango said...

An immediate break of 5669 would compel us to treat the rise as "abc of A" completed @ 5732 from 5477.

EOD close below DHEma would be an added conf.

mmarketman said...

5500 pe will be as lottery

vksoni said...

ilango sir c of 4th completed with irregular b?

shriram said...

--> back

cool, NS has rewarded wid a smooth fall

Supports now DHiEMA @ 5661/ St. WkEMA 5638

NiftySaR said...

Ns towards 5734 as per
SaR Lvls (D.Pvt+Fib), 15m.STOC is oversold now:
5562 < 5610 < 5648 > 5686 > 5734
NS @ 5692.25 , at 13:41:04

vksoni said...

5669 also 61% of 5630-5732

Parimal said...

Hi Shriram
thanks for your earlier post, took trade accordingly

Ilango said...

@ vksoni,

If the fall is "a" of a zigzag correction of 4, "b" shouldn't move past 5719.(Stated earlier). There is no irregular correction here.
But the minute (v) of v of 3rd struggled to make a new the end managed it @ 5632.15.

Hence, the alert about weakness below 5710-15.

There is a channel support coming around 5655 approx.. coincides with 200sma.

Two possibilities @ work

a 4th wave gets negated above 5719.

a B wave gets negated above 5750.

shriram said...

@ parimal : nice, congrats :-)


suspected 4th shud be deep since 2nd was SHallow sir ???

vksoni said...

Thanks sir try to learn

shriram said...

56PE OI nearing 1 Cr ...and Shani Maharaj > @ 5744 rejecting price for now, wow,

this is called a Celestial Sandwich ;-)

SJkolkata said...

Dear All,
As pointed earlier, my reading says that the strong hand is booking profit in 5600 calls and buying 5700 calls. Hence the addition in 5700 call can be closely monitored now for confirmation.
This is just an observation and should be further seen in light with other studies.

Ilango said...

@ shriram,

4.a had 5 sub waves suggesting a zigzag unfolding.

Is it 4th? or part of the larger correction-B for the 5477-5732 rise called A.

Looking @ Day TA, it suggests of former.

EOW should give more clues whether waves would sub-divide...

Dinesh Rishi said...
This comment has been removed by the author.
Dinesh Rishi said...

3 more trading sessions for expiry

monthly candle guess?


@Ilango Sir,

Sir, could you please post EW minute chart after the market as i am confused about zigzag correction and the neegation points.


Parimal said...

monthly candle is a hammer pattern

Anand Kumar said...

lots of if and but. very difficult to understand, Sir.
I am waiting for 5782+-10 points to have a short position, as said earlier by you or at hitting jnsar.

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