Thursday, April 18, 2013

Nifty Intraday Update-III



91 comments:

shriram said...

Yes Parimal, clear Div. on hr TA

Waiting for 5725 (channel brk mentioned by Ilango) now to prove it !

Atharva said...

Master : certain level should hold..like today you just said 5732 ..that means it shld not breach ? thanking you

Parimal said...

Hi Shriram
thanks for confirmation, Nifty at R2 zone

STOCK4SURE said...

possibility of INV H&S pattern developing in Bn and NS charts


12240(last high where head may be completed
LS had been formed already
RS may form for that it may have to dip towards near 11500 levels again

similar patterns may develop in nifty too
at near 5755 head will be formed and for RS nifty may dip towards 5610ns
and this may be completed in next week and then if pattern holds may trgt 6030-40 till 3rd week of may
5755+278(ht of Inv H & S )=6033

SJkolkata said...

Master,
Whenever free just explain the importance of 5732 so that it can be used to trail trades in future.
Thanks in advance,

Ashwin said...

HHEMA @ 5733 HOLDING AS OF NOW...

shriram said...

Parimal,

The thing with oscill Div. is it needs backing of Options OI & Shani Maharaj / Guru -HiEMA

As of now options OI firmly with Bulls

so , best to sit on sidelines
and wait for either close > RES @ 5753
or Break of channel @ 5725

Abhi said...

5732 gave support.

Abhi said...

Sir mentioned this level

anmpatel said...

@nifty
5755 kudo meri jaan!!!

Atharva said...

2 nd gap filled now last @ 5850.2-5872.6

Ilango said...

@ SJkolkata,

You'll see 5732 traded in google 2 min chart twice; and it was also the 38% of 5713 to 5745 rise. Of late 38% is the norm.

Now raise the critical level for intraday to "5742".

Ilango said...

@ anmpatel,

"Relieved"...!!

anmpatel said...

weekly close today!
bullet train milegi ke express se kam chalana padega?

shriram said...

Master,

All RES are crossed ...

J.R.Julius said...

Camarilla Update : Nifty Spot
Status - Partbook - Remaining with TSL.
Reached H5.

anmpatel said...

ha..ha..
master just relaxing and enjoying.

thanks for evrything u r doing.

J.R.Julius said...

Dear JN,
i'm going to miss u all for 10 days!
tomorrow i will go for family trips.
if situation permits me will join JN
to watch TT & chat during market hours.

everyone, Have Happy & profitable trading.
Bye All.

Ilango said...

@ anmpatel,

You must trail to take maximum.

Ilango said...

@ J.R.Julius,

Everyone would miss your presence, especially Sujatha.

Have a good time.

Amol Sharma said...

5760 is day R2. Close above 5780 only invite more high till then..
have a nice weekend,

Abhi said...

Sir,

"You must trail to take maximum."

This is an art.

But I failed it again (previous was when market gave JNSAR long)in fear of loosing profit.

Will try again.

Thanks.

J.R.Julius said...

@Master Mr.Illango,
Thank you sir.

rajapvt said...

Master: Your this kind of guidance gives a lot of confidence to the newbie's and help them quite. Hope all who are gaining the profits should yell now for the gains....

satheesh said...

Sir,

Tatamotors cleared 281.65 too !!

Venky said...

sir, can we take agressive shorts at this juncture.

anmpatel said...

@master
yes. 5742.

Venky said...

sir, can we take agressive shorts at this juncture.

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

@ Venky,

Even if market for strange reasons could fall by 100 points, I would not suggest to sell.

It it had held below 5745 & broken 5725 & 5719, YES.

Above 5745 and holding 5732, it has indicated big rise.

For shorting confortable, let the market get fatter, older and vulnerable to being tripped down; then, we'll sell. That will be like "sliding down in a children's park". Easy & fun.

If it breaks 5742, a small sell with a small SL for intraday only.

I'll update these numbers; but when there is less time to do intra trading, we close our accounts.

shriram said...

Bell curve maths to Impulsing wave now

50-90 pts zone is 5750-5790, 68% confidence zone for Day's high price

Fibbo: 50% retrace of 6112-5478 = 5795

these may be pt to book out ...

anmpatel said...

@master
is there any invalifation point of red A?
thanks.

Sujatha said...

Crore - r u ready to buy gold??? trading in commodities too?? it's sell on rise na??

Sir - mm..certain "lollu comments" in Mother tongue is enjoyable..i will miss him..but when he joins i will not be "available" as i am going to be busy he can enjoy my "space" too :D
So, 5825/29/46 on the cards if at all my 89 EMA protects..it will protect on closing basis becoz of this 5738

5600 call is bonanza just a couple of days back 45-50 rs. ..mm. i am smelling "who bught" sirji i am coming



Ilango said...

@ anmpatel ,

Red A = 1st wave;

Red B = 2nd wave

Red C= 3rd wave.

Nifty is still within this A/1st wave; No invalidation is needed for few weeks.

This ABC can go even upto 6112 or end near 5850. Hence, no point.

Venky said...

@master, thank you.

Ilango said...

Now raise the level to "5754".

Anand Kumar said...

waiting for 5790 for short.

shriram said...

Ilango ji,

5waves done from 5501 sir ?

STOCK4SURE said...

chg in O.I in 5800 pe is abv 10lakhs

Sujatha said...

sir - freek comes true today itself..marathon run in BN and SBIN...looks like "rate cut" run

SJkolkata said...

Sir,
These levels u giving are for Intra trades or overall trend reversal.
Pl clarify

Nitin Kadam said...

@Master,

Now what would be the approx. Min Target for 5th?

Thank You!

Sidhharth Noman said...

o god give me patience, jai gurudev!

divya thakor said...

sir
5.1 -5693 to 5744
5.2- 5744 to 5732
5.3-5732 to xxxx

Ilango said...

@ Shriram,

The 5th is sub-dividing:

5.1:5693-5728
5.2:5728-5713
5.3.1:5713-5745
5.3.2:5745-5733
5.3.3:5733- on now...

Alt: 3rd wave itself could be sub-dividing, considering a larger retrace of 6112-5477.

Anandha said...

@Ilango sir, Is it possible that nifty make new highs of 6320 in this rally ?

salimkabani said...

Sir

should start fresh shorting as wave A might be completed here and wave B down may start.

Anandha said...

@ Sujatha,
Today I see 5780 is top out. May be next session we may see above 5800 levels.

divya thakor said...

sir
can i be a member of your group?

Nilesh Patil said...

@Sujatha sis,
Jo vada kiya vo nibhana padega.

Ilango said...

@ Nitin Kadam,

Lets just say 5825-50 is achievable.

In the meantime, we trail the positions for "intraday sake" only.

Ilango said...

@ Nitin Kadam,

Not today...!!!!!

shriram said...

Master,

Ur Alt 3rd in progress is a better bet, as if 5th from 5693 was sub-dividing,

3rd i.e 5556-5732 wudn't have Extended w.r.t 1st, i.e 5501-5593,

Am in on the right track ?

Sujatha said...

anandha - NF expecting 5808 where will get down once..but strong crossover will give 5950/6K too

nilesh ji - this 5666/60 is vulnerable(i will use this no. upto october month of this year) can buy in dip upto 5738...but for mid term i will watch as usual "89 ema" atleast NF will retrace upto 5851/888 i posted to somebody in this month only. let us see trailing my SL..will exit today..due to long week end

shriram said...

Sir, to clarify wot i meant :-)

1 5501 5593 -92
2 5593 5555 38 -41.3%
3 5555 5732 -177 192.4%
4 5732 5693 39 -22.0%
5 5693 5785 -92 100.0% * ideal 5=1 ??

Jalagamvenkat said...

@ J.R.Julius

we going to miss your "Magic Numbers"
Have a good time.

Nitin Kadam said...

@Master,

Not today...!!!!! haha Lolz ;-)

Can you please explain logic of 5825-50 ?

Thanks a lot !

Ilango said...

@ shriram,

You're good in maths; Mine more in "looks".

Yes., moving above 5785 would compel one to take the 3rd extn..

shriram said...

Master,

as we speak ur 3rd is coming out :-)

Ilango said...

@ Nitin Kadam,

5825=50 was once a strong support and broken after a struggle.

Prices would love to move towards such a zone...like iron to magnet.

ITradeForProfit Daily said...

Nifty 12 points away from ATR Breakout target of ND Sir.

Ilango said...

Trail...Trail...Trail;

Follow..Follow..Follow..

Anand Kumar said...

Today was "AK-47"
weekend target achieved.
Now my belief is that from monday the downward journey shall start for target of 5285-5320
Regards

shriram said...

Amazing sir.. u were bullish all along from 5501 , Salute !
:-)

Parimal said...

NF above 50DMA
tomoro mrkt closed

Ilango said...

5733-5794, a 5 done.

Manage with retrace of 38%-50% only.

Sujatha said...

nitin - another one from 4770 5825 is 78% retracement expansion is 5829

Ilango said...

5771-64 are 38% & 50% must hold....

Adrian Jose said...

"Prices would love to move towards such a zone...like iron to magnet." Thanks a lot Sir.

charan prasad said...

Rumor that surprise RBI rate cut that too 50 bps has anyone else heard this rumor..... newbee's don't trade on this rumor

rochak parekh said...

SALUTES SIR

GRAND SALUTES

OM SAI RAM

shriram said...

Master,

shud we look DOWN for 38.2%-50% of 5501-5794 now ?

The 50% (6112-5478) Fibbo zone is Resisting ...

nath said...

hindalco if close above 94 would be positive for the stock

cooldent said...

jnsar does more than 200 points


...............as usual no comments

Anandha said...

Best way to protect profits is book profits today itself thinking of Long week end and nearing expiry of this series.Market says it make a new high. :) 5800 may be next week.Like we have Psar for trend reversal we have two important days, expiry & RBI news in coming weeks.

Ilango said...

@ shriram,

Only when we see a bruise first, we'll look for "cuts".

Nitin Kadam said...

@Master,

Iron to Magnet.. Loved it :-)

Thank you!

@Sujatha mam,

Thank You .. !

By the way your targets might be very big as always.;-)
Just hope your ulata view dont come into play now :P

shriram said...

yes sir, no doubt!

Bye all , cu fresh on Monday, happy wkend :-)

anmpatel said...

@cool
cool down. I did it in morning only!

anmpatel said...

@cool
cool down. I did it in morning only!

rajapvt said...

Glad that atleast more comments today, anyone say 'Cheers' for the JNSAR trades profits,,,, getting rich fast, is it not?

cooldent said...

anm

Im always cool :D

anmpatel said...

@smo
thanks 2 u also boss.

let me guessing!

though against our policy

A may complete@ 5825-50. intra week B and again near next week and C may start to change monthly trend and then big 5th!!!

stay with JNSAR

thaks master, DR and all seniors sp suja sis.

Aly said...

It seems nifty dropped back after touching the lower trendline of the channel of previous upmove (4771 - 6112). It was the same trendline from which nifty turned back last time at 5754

Nilesh Patil said...

@anmpatelji,
which big 5th?

Crorepathi said...

Thanks Sir.
Sujatha, I only do ONLY option writing...even in fantasy I don not do anything else :)
Have become super disciplined after coming here.

DNSHUKLA said...

Thank you Sir for your teachings in this week. Learnt a lot and no doubt earned a lot.

Aly said...

Closing is at dot 61.8% retracement of last fall of 5971 to 5480

karan said...

Illango Sir - this is my first post - have been following your blog for the past 2 months - new to technicals as always followed fundamentals so par

But u r the greatest Guru/Teacher one can have - wish knew about this blog earlier - thanks and hope to learn lots from you and other senior members

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