Wednesday, April 10, 2013

Nifty Intraday Update-III



79 comments:

Ilango said...

@ vignesh,

We look at the next "retrace" from the TT and other critical numbers for intraday.

There are no confirmed reversals to estimate targets.

vignesh said...

Thank u for the reply sir

Ilango said...

@ Abhi,

You should have sold into rises when Nifty reached 5526(5527-DLEma at that point)

If you had sold @ 5495, the correct SL should have been either 61.8%+ few points or the 80% retrace of the last segment of the fall which would be 5507+3=5510 or 5515.

rrknan said...

5477 low for the month ?

Abhi said...

But Sir, my question is did you have doubt on the sustainability of this sudden fall ?

chetas said...

Dr sir,

tomorrow only clearing holiday, trading is there

19th firday and 24th wednesday are trading holiday

salildali said...

Tomarrow is bank holiday. But market will trade 2 marrow

mahekovoor said...

dear ilango,

"there are no confirmed reversals to estimate targets"

here targets means intraday targets?

are you suspicious of this reversals too?

for someone long at 5525ns do you suggest stop loss of 5495 today?

J.R.Julius said...

Camarilla Update : Nifty Spot
CMP@5543 (MidPoint of H4&H3)
Scenario#2
H4@5559 ↑
H3@5527 ↓

Sujatha said...

GA sir nd friends :)

rrkhan - yedhukku sir avasaram low decide panna? Katthu iruppadhu yethanai pero "nifty" yidam thorpatharku??

Anandha said...

Sir, Where do u see confirmed Reversal? is it 5547 ?

Sujatha said...

DR ji - belated greetings..but u can send sweets i will accept it.:)

looks like 5549/65/72/74 on the cards

Ilango said...

@ mahekovoor,

Only EOD signals would affect next day's prices and not the "intraday swings".

SL should now be raised to 5510 or 61.8% retrace of 5477 to the "Highs"(Presently 5550.50)

Abhi said...

I think instead of setting target, we should look two points.

5555 - 5560
5570-5580

if crossed then some strength, if not then more weakness.

Parimal said...

NF above 21hrsma

Ilango said...

@ Anandha,

Pause happens only with an EOD close above the respective 5LEma with a follow up.
Trend changes only with an EOD close above the respective 5Ema with a follow-up.

Even after these signals emerge, it is never a "close your eyes" phase. Every day price action should be followed up.

Retracements gives you strenth/ weakness of "that particular T/F".

A small 5 waves seem to be done from 5477 to 5551.(unless, it sub-divides)

Hitendra said...

21hrema crossed.

Waiting for 34hrema?

Look for resistances @ 50%-61.8% retrace of last fall @ 5546-59.
Minor strength only above 5560-80(80%).
If 5580 is crossed decisively, then the next retrace should be attempted.
By staying below 21 & 34 Hr smas, bigger falls are likely.

rrknan said...

Suj, I am only using Sujatha logic formula to is amavasya so i am suggesting it could be low and 25 th april is poornima may be high aorund that period ? what do u say.

mahekovoor said...

thanks for the quick response illangoji

Dinesh Rishi said...

Sis

Thanks

Plz order of ur choice

http://www.nathusweets.com/Sweets.asp

J.R.Julius said...

@Sujatha,
Good Afternoon.

Ganesh said...

Ilango sir,
On 14 September their was gap up opening from 5447 to 5527. Please let me whether nifty trying to fill this Gap

Indus said...

@Ilango

as per pre-market view we are at the resistance area you suggested...is this the prudent time for sell on rises with 5585 as SL for the conservative trade?

Atharva said...

Good afternoon master : Can we resell @ 5546 with sl of 5559

Sujatha said...

DR ji - "Plz order of ur choice" sure i am ur obeying student - i will order - you pay the bill pls. :D

Julius - GA :)

rrk - i didn't expect high.. expecting some retracement that's all let us see where it's resisting.. or else damn sure...it will show new low too ..



mynac said...

Afternoon Everybody,
Dear Dinesh Bhai,
Many happy returns of the day.....

Parimal said...

NF price close to 34hrsma

Parminder said...

Dineshji,
Hum bhi khade hai rahon mein
we are ready for the Sweets anytime
Regards

Anandha said...

I see support for market move at 5240. These pull backs seems to be just retracements in fall.I went short on raise.Puts giving good returns. :)

Sujatha said...

may be NIFTY FUTURE may love to see 5435 if it's not cooperating @ 5577 can anybody help to see the first one first??

Ilango said...

If Nifty closes above 5524, it would mean "Pause". Even after a pause, lows could be revisited but it generally implies a "Trading mode" and not a "Holding one".

If Nifty closes above 5562, it means a buy signal from "Day T/F".

Till the higher T/F shows a reversal by EOW & EOM, these reversals of Day T/F is not totally reliable. Hence, trade lightly during this phase.

Anandha said...

5550 seems to be acting as resistance today."Earlier supports acts as resistances"

Dinesh Rishi said...

Mynac

thanks

Parminder ji

Sweet sweet bato sey kaam chalawo

Metha and Ghee aap ko Doctor ney mana kiya hai :D

shriram said...

--> back

wow, Nifty has done a crazy dance today !

Ilango said...

@ Indus,

Considering the Day & Hour TA, I would wait to resell.

5555 is the channel resistance & 34 Hr sma & 61.8% retrace of 5603 to 5477.

80% @ 5578.

Renju S said...

Ilango Ji,

Is it 5552 or 5562?
If it is 5562 whats the reason behind taking the 5EMA of 9th rather than 10th April?

Thanks,
Renju.S

Parminder said...

Dinesh ji,
Nahi sir meethe se koi parhez nahin hai

Baatein aap waise hi meethi karte ho
Regards

Renju S said...

Ilango Ji,

Is it 5552 or 5562?
If it is 5562 whats the reason behind taking the 5EMA of 9th rather than 10th April?

Thanks,
Renju.S

Hitendra said...

In down trend, up move last for about 4 hrs.

shriram said...

master,

oscill moving a lot on hr TA, Higher TA RES, time to turn down ?

Dinesh Rishi said...

Hitendra

corrective or impulsive

normally 4-6 hrs

check hrly candles

chetas said...

Dr sir, So sweet :))


@sister,

soon 5435 is coming, we fill the gap by infy is my bet,

Shriram;

is this an expanded flat correction going on, and the low was the irregular b and now in c

Abhi said...

region 1 is done. now region 2.

shriram said...

chetas: to simple eye looks like a new ABC

lets wait for master to call it.. EW is my weak suit :-)

Anandha said...

Ilango sir, Where do you think sell is adivsed. You mentioned you will wait for sell considering the DAY & Hour TA.

Renju S said...

Ilango ji,

got the answer...today is a developing 5EMA..and that can vary till the market closes..a better number would be last days 5EMA.

Is that correct?

Thanks,
Renju.S

nath said...

inv H&S breakout in rcom

Dinesh Rishi said...

Nifty @ LOC

http://www.prana.com/life/wp-content/uploads/2009/05/taft-point.jpg

Vegabond said...

DR Sir,

Kya pic hai!! :) perfect state of our Nifty..

Parimal said...

NF price above 34hrsma

Anandha said...

Many a times a trader mentality as well.Good pic.

Hitendra said...

can someone say probable close of today-NS?

as Master say:::

If Nifty closes above 5562, it means a buy signal from "Day T/F".

J.R.Julius said...

Reached the Expected High in fut near 30m TL

Anandha said...

5540-5545 seems to be probable close for the day.

Ilango said...

A running correction after the first 5 small waves from 5477 to 5551 suggests of bullish ST.

SL raised to (ii) bottom @ 5545.

NI3 said...

dear sir & blog mates,
close is 5562 is that means!
sell on rise is over?
thanks

Ilango said...

@ Renju S,

You have found the answer yourself.

That is the actual "Education".

Jitendra Mishra said...

shall we hold calls for 2moro

Amol Sharma said...

Sir inside day pattern till now. is it bullish for next day ??

Ilango said...

@ NI3 ,

Sell on rises continues till a close above HEma but the level to sell changes.

The new scenario is "Buy on dips as well as Sell on rises" till a close above HEma.

In simple terms:

Above HEma:- Hold Buy.
Below LEma:- Hold sell.
Between HEma & LEma:- Trade the supports & resistances.

By understanding TA, one would be able to trade the direction which would add sharpness to trading strategies.

Hitendra said...

Amol,
lower low both in ns/nf.
so no inside day.

Anandha said...

Sir ji, Suppose if this is the reversal, market made a low of 5477.20
What could be this reversal point from earlier rally.Please educate us to understand the probable supports for reversal in correction on Nifty after a huge rally..

anmpatel said...

closing avg anyone
thanks

Anandha said...

Nifty Future is trading with 8/- premium. What does it mean. Does it mean more selling in futures ?

Hitendra said...

Sir,
is it better to hold/buy 5600 pe at this moment?

chetas said...

day before was inside day, yesterday outside day, and today reversal :)

Renju S said...

closing avg will be around 5558-5560

Ilango said...

@ Anandha,

I do not see it as a major reversal. It is most likely to be a ST one.

Hitendra said...

Sir,
to buy/hold 5600 pe is based on----

upmove in down trend is usually not last more than 90 points.(5569.25/5477.2= 92.1)

NI3 said...

Sir,
Thnaks a lot for clarification ,
cleared all my doubts?

and concept of sell and buy ,

nitin

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

@renju S
thank you..

J.R.Julius said...

Camarilla EOD Comment:
Aggressive Trader could have booked atleast
20+20pts H3 SELL
Safe Trader Entry 5510-5500 only possible
for safe exit or -10pts Loss.

Second Trade
H4 BUY@5559
Cost to Cost exit@3.15pm
or -10

The excellent[LONG] movement could not be catched
if only traded using Camarilla.

Anand Kumar said...

Dear Ilango Sir,
Very good education today. Keep guiding us. Thanks and regards.

Manish said...

Thanks to you master for such dedicated handholding today .........

Manish said...

Expecting the lead indicator to give JNSAR at 5632 a Sell with the lead indicator also accompanying the same. :-)

Higher T/Fs still in "Hold Shorts"below 5582-85.

Anandha said...

Option analyst Mr.Sanjay,Waiting for your analysis.I see more trade on 5800 CE rather on 5700PE.Any updates on this ? which may decide the market move?

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