Tuesday, April 30, 2013

Nifty Intraday Update-III



25 comments:

STOCK4SURE said...

a small expanding triangle developing in ns 2 min charts
res at upper T/L near 5914

if this pattern works then trgt of ns may be lower T/L near 5840

Ilango said...

A 5 wave bounce from 5868 to 5902.

A 3 wave correction to it should be unfolding & must stay above 5875 - "It stopped at "5882"

Another 5 wave bounce from "5882" to "5917"(a=c) completed the bounce.

Keep the retrace for 5868 to 5917 ready as this bounce could be just "A" of an "ABC" bounce. Retrace will give away.

Indus said...

@Ilango

BN is the lead indicator on both the upside and downside. Currently trading below 34hr sma, dev 5DEMA and DHEMA.....could we consider a positional short at this stage?

Indus said...

@Ilango

A big request...would it be possible to get the JNSAR for MRF??

anmpatel said...

@master
kindly tell me the above explanation is in 2min/5min charts? what going on in hrly chart? trying to count and learn, but need helping hand.
thanks.

mynac said...

Though Nifty trading above 5900,No sign of writing @ 5900 PE,and intra short covering in NF....

Jaspal said...

Master the resumption of down trend would be below 61% of last rise from 5882 to 5917 am i correct?

mynac said...

NF trading with discount

RS said...

@anmpatel

Its in 2 min charts. chk google finance, clearly visible

Cheers
RS

Alpesh , Dk said...

Hi dear sir ,
confution on your last satement
Keep the retrace for 5868 to 5917 ready as this bounce could be just "A" of an "ABC" bounce. Retrace will give away.
regards
Alpesh

mynac said...

Thanks N Bye everybody...

Rouge Trader said...

@s4s

is expanding triangle valid still?

chetas said...

nf in discount in the beginning of the series !!!

shriram said...

--> back

Smelling a fall back to Dev. WkHi , if bulls cannot scale 5920 NS

Sidhharth Noman said...

is this C acting like ending diagonal?

Ilango said...

After the "A" from 5868 to 5917, the "B" unfolded as a "running triangle" and "C" is on.

Above "5943", 80%, the corrective view gets negated.

anmpatel said...

@master
pl update 3 pm, if there is change in EW labels.
thanks.

deepak pinto said...

Sir
it looks like a running correction.
which got over at 5914.60
and the thrust out.
if so we should be seeing 5868 before 5914.

view will be invalid below the breakout point at 5914.

Billgates said...

master,below 5958 monthly sell on rises continues..right or you see some different picture..plz.guide what EW view is on monthly basis

chetas said...

Average closing around 5927-5930, doji candle, long legged

J.R.Julius said...

Camarilla Update: Nifty Spot
Not a perfect cam day but combined
with price action - Good Day!

Bye All....

jay shah said...

sorry was away for the day many thanks dear raghavendraji and shrji for your help during market hours, i am highly gratefull

jay shah said...

dear raghavendraji sent you a mail , please check when your free , many thanks

Archer said...

Hi

Today markets had ended in green. Calls have gained in prices which it should. But the prices of Puts were also increased rather decreasing due to upside in market. Is it an indication of weakness in market in coming days. specially big day is near and we are at major resistance levels.

Master pls share your viewpoint on this.
Others views are also welcomed.

Amol Sharma said...

I want to know from option expert what is reason of increase in put prices rather decrease when nifty ends form ; up 26 points.
another point there is big difference between IV's of put and call.

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