Monday, April 15, 2013

Nifty Intraday Update-III



38 comments:

The_Unprejudiced_Observer said...

@ Harish Thakkar

A couple of weeks ago, you had presented a method considering daily EMA & Weekly EMA data.
If developing Wekly Low EMA is taken, today's EOD may give a Buy Signal as per the method if EOD Close > 5 EMA > 5W DevLoEMA..Is this the correct understanding?

Sanjay Jaiswal said...

Dear Ilango Sir & Blogmates,

OI Table Update at 2:00PM, Pivot-5538, R1-5560, R2-5586, ATP-5555, VWAP-5555

So the 5500CE writers covered around 10 lacs OI from the morning, now a close above 5580, can see huge short covering in 5500CE, 5500 level looks good for the time being for Bulls, still no signs of short covering though…

Thanks & Regards

Indus said...

@Ilango

The BN has lead the charge up for 4 days now...any comments on the BN will be helpful..thank you

anmpatel said...

unable to sustain above 5573-JNSAR...looks doubtful.

Ilango said...

@ Indus,

BN, technically in uptrend, weathered the Friday gap down well.

IT sector, getting out of favour, would favour Bank sector normally.

Its internal waves are sub-dividing upwards and it must hold above 11450(approx) to continue the upmove in ST.

BN's low was made few hours before Nifty on Wednesday - an early indication.

Anandha said...

11620 seems to be the level where many shorts could be added on bank nifty. So lets watch out the sentiment.Sustaining those levels will show more strength in Bank Nifty. Stick to the guns and be ready to ride the tide whatever the direction it moves. :)

anmpatel said...

looks like nifty is in meeting with sujata sis and JNSAR!!!

Ilango said...

A "Flat" correction may be unfolding, considering the 3 sub waves of the initial fall from 5593 to 5559.

Hence, during the next move down, it is likely to hold 5555.

Ilango said...

Unless, the flat is done @ 5559 itself.

anmpatel said...

lo,
sis,
kya decide hua hame to batao!!5618/23/49/65??

anmpatel said...

@master
if today nifty close above 5DEMA-JNSAR(5573) EOD, will longs can be carry forward?

Ilango said...

@ anmpatel,

Above 5544, we have witnessed a minor strength.

At 5603-5611 zone, Nifty got sold thrice but the fall have been limited.

Above 5603-11, it would be a channel break out.

Until then, the risk of gap down based on "results" or global cues exist.

As a method trader, you take your trades keeping 20 points as SAR.

Sujatha said...
This comment has been removed by the author.
anmpatel said...

thank you master and sujatha sis.

Ilango said...

Above 5588, upmove continues.

Keeping below 5588, correction continues.

shriram said...

@ S4S,

Can see a clear -WW forming on Hr candles on NS ?

Pt 1,2,3&4 formed from 9th Apr'13 day Hi of 5603

Pt 5 shud be formed @ 5630 ruffly ?

1-4 tgts --> 5480 & lower
ETA : 8-16 Hrly bars >>

anmpatel said...

@SMO
one more thing..
mynac's KST(hrly) triggered upside and above '0' line now!!!

anmpatel said...

last time when JNSAR triggered short it was whipsawed a lot around 5920(don't remember exactly) and it gave almost 400+ point...today it also triggered so many times.... let's see this time what happens!!!

mynac said...

Dear anm,
It gave crossover above 0 @ 2 PM..

shriram said...

@ ANMP: optimal C=A tgt is also 5633

St. WKEMA @ 5638

WIll see tomo.. how the oscill / OI clues behave near this zone

anmpatel said...

@mynac
yes, ture, just pushing SMO's view on right side. but it looks like nifty will close below 5573!! so staying out. let's see at 3.25pm

anmpatel said...

closing avg is 5577.5 and falling

mynac said...

Dear anm,
Final Nifty close closer to JNSAR is called "Naro Va Kunjaro Close" :)

shriram said...

@ ANMP:

wot is "right side"

WW always unfolds to right side only with price ..

if u plot time on -ve X axis then u will get "left side" ;-)

anmpatel said...

SMOji
not that right-left, mai to sahi disha me push kar raha tha...nifty ko hilane ke liye!!!

anmpatel said...

@mynac
yep, but higher t/f is down so i will be better remain short with 20 point sl.

Manish said...

Dear Mynac,

:-)Lol......Kurukshetra war "

HARISH TAHKKAR said...

@ The_Unprejudiced_Observer said..

Yes the understanding is quiet correct,but if it is C EMA at
week end it gives better results.We can trade also this way
take entry only at 3.20.
3 PM EOD C 5581 > 5D CEMA 5565 > 5WLEMA 5555 (5582)
As per Tech-Table data.
I was away so could not reply.

anmpatel said...

5573.85....but 5555 preserved.

Jitendra Mishra said...

respected sir below 5588 corection continue sir as per my understanding this is level of 5dema as u hv shown in table so will it b correct decision to keep put for 2moro and what oter factors made u to choose 5588 number i m crawling baby in this market pls hold my hand sir wanted to learn ew i fail to understand it completly pls guide

Sidhharth Noman said...

closing ave below todays JNSAR so no longs.

anmpatel said...

closing avg would be 5571.59 below JNSAR and there was a tick below 5555.

anmpatel said...

oh...thanks master

clg is 5568.4 below JNSAR but

the last 2 min low was 5555.4 so 5555 is still preserved. very precise EW analysis...

thanks.

mynac said...

Dear anm,
last 10 minutes...almost no intra NF short covering in today's 2.20 Cr.O.I. but 4.25 lac intra short covering with price appreciation in 5500 PE yet indicates uncertainty...so let find out it tomorrow....till then Bye everybody...

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