Friday, April 26, 2013

Nifty Intraday Update-II


Pattern Trading said...

Reposting :

Tata motors update :

Price kissed blue channel today

STOCK4SURE said...

a small bullish WW developing

may dip towards 5870-66 range near 12.40-1.00pm to form pt 5 and then may move towards 5889-5906-5917 near eod

Ilango said...

@ Jay Mataji,

For selling in the larger T/F moves, look for overbought readings & divergences. If it is absent, continue to buy into dips.

Our aggressive sell was based on prices @ channel top & a 5 wave completion, followed by "Hour T/F -ve divergence & TT signals.

It is meant for intraday as larger trend is "UP"(Week & Day).

Pattern Trading said...

Lupin trading at support level of 683-685.. yesterday we have spike above upper price channel

Abhi said...

Sir, is this irregular correction going on ? If so, then we can expect more dip towards 34 hr SMA ?

Sanjay Jaiswal said...

Dear Ilango Sir & Blogmates,

OI Table Update at 1:00PM, Pivot-5932, S1-5870, R1-5984, ATP-5904, VWAP-5904

Nifty is down by around 40 points, but OI is not at all bearish with still a huge amount of addition at 5900PE, whereas not much addition at 5900CE in comparision…

Thanks & Regards

The_Unprejudiced_Observer said...

Good Afternoon

Moving towards 5855: DevHEMA / 50% Retracement
as gone below 80% of 5860-5925

Ashwin said...


u got it on the money !Congrats

STOCK4SURE said...

ns made alow of 5868 near 1.00pm

now may move up abv 5905 be4 eod(but be4 that a lower low will be tested but just near 5862-66range after test of 5880-82ns levels
probable path may be

The_Unprejudiced_Observer said...

@ S4S

Wonderful exposition on WW

STOCK4SURE said...

Sanjay sir,
isnt it strange that only addition is seen even in deep itm ce and pe?
mean to say no unwinding is seen
does it mean that no big move is possible next week and writers are confident of small range in nifty and may eat prem by keeping ns in small trading range

STOCK4SURE said...

since now ns moved abv 5889
now may see

starhoney19 said...

upstart may start after touching 5860.

divya thakor said...

61.2% retracement completed from 5924 to 5868

anmpatel said...

hello friends

80% of corrections come at 5900. lagata hai uske baad hi weekly train aayegi.

anmpatel said...

sorry 80% comes at 5913.

anmpatel said...

if we want to trade on hrly jnsar in line with day jnsar. how much would be sl? same as 20 point in djnsar?
means nifty if close above 5884 at 2pm then long trigger so sl will be 5864 or a close below hr jnsar next hour? pl guide.

shriram said...

--> back

Smelling a fall to Dhi to finish a ZZ

Ilango said...

@ anmpatel,

Intraday trading is best done with Supports and Resistances

If one hasn't got the selling level at open today, the buying level appeared in the middle of the day to offer some quick gains.

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