Monday, April 22, 2013

Nifty Intraday Update-II



50 comments:

rajapvt said...

No comments means no noise in market, everyone following trend. No contra trade itch started to anyone so far. This is really good to see. Silence is really good.

Abhi said...

Sir, below 5790 NS, some intraday shorts can be taken ?

STOCK4SURE said...

a -WW developing in ns 2 min charts

trgt 5805-5800 near 1.00pm
cmp 5828
sl abv 5834

HARISH TAHKKAR said...

Technicals of Reliance are too weak but if
Nifty has to make high jump this is possible
with heavy weight Reliance.

Rajvada said...

All these Monalishas attack at the same time I have observed. They all could be from one person from different IDs.

shriram said...

G.Afty JN Family,

-ww on Intra candles. tgt 5790 NS anyone ?

vksoni said...

ilango sir,
month tf down month pivot not far 5753. any chance of month trend assert?

Sanjay Jaiswal said...

Dear Ilango Sir & Blogmates,

OI Table Update at 1:00PM, Pivot-5755, S1-5713, R1-5825, ATP-5813, VWAP-5813

The 5800PE writers have just accelerated and now 5790 looks good for the day, above 5835 the 5800CE writers will run for their life, and VIX has also come down from the highs of 17.25 to 16.40 now…

Thanks & Regards

SJkolkata said...

Longs in 5700CE also seeing shifting to 5800CE, which implies that major profit booking is happening but with +ve bias only.
Huge addition in 5700PE with -ve price action justifying the same.
Regards

Ilango said...

Weak below "5808"; More weakness below 5790.

SJkolkata said...

The consolidation now should not give to breakdown unless we see the euphoria of short covering.
Currently the shorts developing will give a breakout intraday followed by the domino effect of positional short covering.
For the above, day lows should be held.

SJkolkata said...

Nifty trading in a discount is pointing towards short built up.

Hitendra said...

Should cover longs here? Its loosing ground really fast ...

Parimal said...

BN is listless, taking along Nifty, 5850 is a strong resistance for the day

STOCK4SURE said...

short term charts indicating a channel pattern developing in 5 min charts
may see a dip towards 5780-85 ns range to test lower T/L of channel pattern and then an upmove again

SJkolkata said...

Big Move again on way for the day.

Abhi said...

> 5820 NS should be SL for shorts.

Ilango said...

Holding above 5790, the "v"th of the 3rd wave from 5500 would unfold now.

Ilango said...

Read as:

Holding above 5790, the "v"th of the 3rd wave from 5670 would unfold now.

anmpatel said...

@master
upto what level the "v" can go? 1=5?
thanks.

anmpatel said...

so if we count it as 3rd only...there must be f/b 4th (time correction) f/b next upmove as final 5th to complete red A? and if 5872 crossed safely then red count negated? am i counting right? master?

thanks.

STOCK4SURE said...

Slide down today will be a false move to tempt shorts

should use the false down move to exit shorts and enter longs instead of entering shorts at lower levels.

SJkolkata said...

S4S,
Thats what i was pointing.
Cheers

Parimal said...
This comment has been removed by the author.
Parimal said...

Hi SJKolkata
thanks, would love to see your rationale, as you do always

Nitin Kadam said...

@Master,

How Come "v"th of the 3rd wave from 5670 ?

SJkolkata said...

Price and volume action in 5800CE at Rs 30.65 to 34 was unique with call prices increasing inspite of fall in nifty.
This further was justified with 1:30 data of NSE which showed sudden unwinding in OI from addition since morning.
Simple interpretation, nifty was brought down or came down for unwinding of shorts with bigger volume action.
And immediately after this Master also endorsed of 5th starting.
Cheers.

divya thakor said...

sir
how you count 5th of 3rd wave from 5670?

SJkolkata said...

Would love to century again today.....

SJkolkata said...

Would love to see century again today.

Parimal said...

Hi SJkolkata
heartfelt thanks
i could observe similar phenomenon, but not in such details, rgds

anmpatel said...

@SJ
jiyo mere sher!!!
par DRji ka support chahiye eske liye...!!!

DRji...batting ke liye aa jaiye...please.

Ilango said...

@ divya thakor ,

See the 30min Nifty chart in google finance.

5670 is the low of 4th wave though the 4 th wave as a contracting triangle ended at 5693.

From 5693:
5693-5728-i
5728-5713-ii
5713-5833-iii
5833-5795-iv
5795- on currently.

You can also see it clearly in 3 day 5-min chart.

Parimal said...

SJ
my concern wan -ve dive on hrly chart

Ilango said...

@ anmpatel ,

A wave can have 3 sub-waves or 5 sub-waves; once done, it gives early clues about further price pattern.

SJkolkata said...

Anmpatel,
Very True, we have made the pitch now DRsir should come to take the centre stage.

rajapvt said...

Interesting thing learned today.
Ilango said...
@ anmpatel ,
A wave can have 3 sub-waves or 5 sub-waves; once done, it gives early clues about further price pattern.

Thank you Master.

Parimal said...

NF between 50 and 100 DMA

divya thakor said...

sir
sorry to argue....
is it 5th of 5th wave on?
or 5th of 3rd wave?

SJkolkata said...

Parimal Bhai,
I am very sorry but during trading hours, I concentrate more on screen and look for technicals only EOD.
Other than this, only look for comments of Master to decide about my move and bias.
Regards

shriram said...

--> back

Bell curve maths says Day's Top can be said to be done in the range 5810-5840 with 68% Confidence

Need this to be backed up by 59CE OI add. now

divya thakor said...

got it sir
thank you very much

anmpatel said...
This comment has been removed by the author.
anmpatel said...
This comment has been removed by the author.
anmpatel said...
This comment has been removed by the author.
Nitin Kadam said...

@divya thakor,

I have same confusion.
Please Clarify if you got it.

Thank you!

Parimal said...

SJkolkata
please, please, dont say sorry. i know it needs immense concentration
rgds

divya thakor said...

@ nitin kadam
5th of 3rd wave is on and
sub wave 5th of wave 5th is currently on

Parimal said...

there is striking disparity between premiums of 5800CE and 5900CE

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