Friday, May 17, 2013

Nifty Intraday Update-I



62 comments:

shriram said...

GM Master & JN Family,

Looks like a Simple ABC Flat in play , will be confirmed if NS holds 6150-54 ....

@ Piyush:
No, not this one. In a +ww , always pt 2 is > pt 4

Piyush Sharda said...

thanks shriram,
it looked to me as in most of illustrations 2<4. but i found it mentioned nowhere
that 2<4 for bullish wolfe

Ilango said...

Not able to move past 6185, attempt to reach DHEma & lower is possible.

==================================
Will be away for a while.
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akki_tank007 said...

A view from Bond King Bill Gross ( justification for current rally in stocks all over the world)
from an interview with Bloomberg TV earlier today: "We see bubbles everywhere, and that is not to be dramatic and not to suggest they will pop immediately. I just suggested in the bond market with a bubble in treasuries and bubble in narrow credit spreads and high-yield prices, that perhaps there is a significant distortion there. Having said that, it suggests that as long as the FED and Bank of Japan and other Central Banks keep writing checks and do not withdraw, then the bubble can be supported as in blowing bubbles. They are blowing bubbles. When that stops there will be repercussions. It doesn't mean something like 2008 but the potential end of the bull markets everywhere. Not just in the bond market but in the stock market as well and a developing one in the house market as well."

VK said...

does not look bearish at all. Nifty did not fall in 5 waves?

Ashwin said...

@sriram

abc targets pls

Parimal said...

Sensex is not able to gain , what does this imply?

Anand Kumar said...

This is MT4 Data for hourly-nifty(nos. indicated here is either low or high)
A:6193
B:6161
C(a):6193- 100% of AB
(b):6152- 127.2% of BC
(c): 6177- 61.8% of (a)(b)
D(d): 6145- 127.2% of (b)(c)
: 6137- 168.2% of (b)(c)
Regards

STOCK4SURE said...

a small +WW may develop in ns 5 min charts

may dip in 6153-6145 range to form pt 5 near 12 noon and then may move up towards 6200-05 range near 2.30pm

Parimal said...

Sensex is loosing faster!!

Anand Kumar said...

5 points may be added to the aforesaid data to get the nifty future value. Hence target of D(d) may be in range of 6142-6150(NF)

Sanjay Jaiswal said...

Dear Ilango Sir & Blogmates,

OI Table Update at 11:00AM, Pivot-6173, S1-6148, R1-6203, ATP-6173, VWAP-6173

Fight on for 6100-6200 range domination, with 6100PE and 6200CE writers holding on, Bias is still positive, Buy the Dips should work for the time being till 6100 is not breached…

Thanks & Regards

Piyush Sharda said...

@stocksure

points / 1-6158,2-6189 ,3-6154 , 4 6178 5 expected in bullish wolfe??

Ding A Dong said...

Ding Dong... its comedy commentary time...

head lines...

look like bears sold out of cash and just waiting for bulls to give some changes to exit hahahah and if any body short in the market, for them there is special manthra for chanting...

"bears kill bull bull, bear kill bull bull, bull bulbule go away, bearbere win win"

shriram said...

--> back

Move from 6187 NS (ysday) seems like a ABC nearing completion

If Dev. Dhi@ 6147 is held, bulls may show next upmove to 6.2K

afzala.com said...

Dear ilango is this rally is the last leg of rise from dec 2011 4750
af

STOCK4SURE said...

too many +ww developing

if didnt break below 6140 then may see trgts 6200 near 2.00pm and 6235 near 3.30

Ding A Dong said...

$4$.... please check it would be +MM HTF charts...
coz mantra is on hahahahah

Nilesh Patil said...

@s4s,
Bring it today before 2pm. pls

cooldent said...

those with S4S say aye!!

STOCK4SURE said...

YESTERDAY 6100ce made a freak high of 329.2 and closed at 127.1

are we going to witness same price in 6100ce on our terminal soon?????

chhoti si aasha

STOCK4SURE said...

emas may soon converge in Bn and IT index 5 min charts

big move may start after that

Piyush Sharda said...

till it clears 6178 another can develop i think

STOCK4SURE said...

nifty shd move abv T/L joining days highs for strength

t /l joining highs of 6188-6178-6168

sometimesbullsometimesbear said...

Sonu Verma jaaa kabutar jaaa jaaa jaaa.....

nath said...

jp assosiates and ibrealestatates if closes positive today,would be a good breakout on weekly closing basis

Anandha said...

6135 seems to be possible if global markets continue weakening.

Anandha said...

@sometimesbullsometimesbear

Nice song... :P

Stockathon said...

Is there a FLAG in formation in 5 min charts ?

shriram said...

@S4s:

Take a look again,

+WW pt 4 has been formed @ 6168 ,

guess one more retest of 6140-45 NS & then we finish pt 5 ??

Nilesh Patil said...

@Master,
I think 5th wave is subdividing, and currently it is 2nd wave in zigzag. Is it a valid count?

DKG said...

S&P

We have been in search for wave V in S&P to end for quite some time. I have raised the targets a couple of times. Now with yesterdays halt we have a 5 wave complete on the daily chart in the 5th wave of the entire 9 month rally at the upper end of the channel. In other words a critical point has been reached from where a major sell off can be expected in the near term back to at least 1535 to start with. Whether the fall has already started or forms an ending diagonal at the top is another question but we are now at a dangerous place from the US stock market perspective until something changes or new evidence shows up. On the weekly charts too most world market are at the upper bollinger band resistance and could get pushed back downwards.

Source: IndiaCharts

shriram said...

or in EW terms

"C" down from 6188 is playin out as an ED... shud end @ 6140-45

divya thakor said...

@s4s and all
is it called ww on nifty daily chart from 4530?

shriram said...

have we witnessed truncated "e" within C ??

Will blast > 6165 NS

Time for Sapaad, Bon Appetit !

SJkolkata said...

Shriram,
Can you see any flag pattern on the 30mins chart.
Thanks in advance.

Anandha said...

Bajaj auto towards 1850 and ALBK towards 132

Sanjay Jaiswal said...

Dear Ilango Sir & Blogmates,

OI Table Update at 11:00AM, Pivot-6173, S1-6148, R1-6203, ATP-6171, VWAP-6171

First time after many days, a CE addtion is highest for the day, will the 6200CE writers hold on till end of day, right now range bound day in the making…

Thanks & Regards

STOCK4SURE said...

BN may give the required momentum to nifty

STOCK4SURE said...

too much erosion in option prem since yesterday

yesterday 6400ce and 5900pe combined prem was 33

not its near 22

STOCK4SURE said...

emas converging in 5 min charts near 6162
cmp 6162

bulls have made too many knocks at wall of 6167ns

next attempt can be decisive

its now or nevr for bulls

chal dhanno

Ding A Dong said...

@$4$

too much erosion in option prem since yesterday
yesterday 6400ce and 5900pe combined prem was 33
not its near 22

this look like missile is set to fire after 2 to 230 or many be in next week(Tuesday)….

But on which side?????????????????


I am just playing a Joker now by taking straggle with 6400CE + 5900PE it’s a perfect entry day and 10% is out on the trade any time would be great day to exit!!!! Is that going to happen ???????

shriram said...

--> back

Saare Saand Bhai log ko adv mein

Happy Bail Pola ;-)

STOCK4SURE said...

6163 is supp of T/L which was prev res line
cmp 6168

Parimal said...

Put-Call value decreases in 3rd week

shriram said...

@ SjKol:

Its seems a 3wave for now as long as it holds 6145..

so yes to Bull Flag on 30mins , provided Dev. Dhi Holds !

Ding A Dong said...

@Parimal

Put-Call value decreases in 3rd week

what it suggest?

Ding A Dong said...

kisi mahapursh ne kaha hai ki....

"never short a flat market"

shriram said...

BN made a new high, but nS not following

Looks like we may be topping out soon, in the next 1-2 days.. keep eye on OTM CEs for any evidence of writing activity

Prakash said...

haaaa sahi baat kahi hai ding dong bhai

STOCK4SURE said...

at supp of T/L joining lows after 11.30am
6159ns

RS said...

@ Stock for sure

Am repeating Divya Thakor's question...

Can u notice a -ww in weekly charts starting from 4530 till date ??

Thanks

Amit Chaudhary said...

Hi Llango,

Today Nifty opened 18 points above the previous day's close and this rally will be maintained through out the day. Nifty might cross the yesterday's level of 6,169.90 points. What are your views about this rally?

Regards
http://www.dreamgains.com

RS said...

Assuming that after today we will get a weekly candle and our pt 5 which is above 6112 i.e. pt 3

STOCK4SURE said...

small bearish WW developing
may trgt 6143 near levels near 2.30pm

STOCK4SURE said...

@RS
will update later after seeing charts

a big bearish WW is developing though i didnt remember exact coordinates

plz excuse

Anandha said...

@ Julius,

No substitute to CAMERILLA it seems. Working good in range bounce markets. If one can book partial profits then, taking few number of trades will make accounts green slowly & steadily.

Now I wait to see Nifty break L4, so that I can go aggressive shorts.

hourlytrading said...

No master,no trading.

Ding A Dong said...
This comment has been removed by the author.
Ding A Dong said...

@anadha

with you 100%%%%

share some profit yaaa... hahahhaah

Ding A Dong said...

-Div has noticed on 15min NS chart with MACD
+div has spotted ( great achievement on option chart which only I can do hahahahhaah) 15 min 5900 PE chart with MACD

you are free to take your call....

Ilango said...

New Post Done.

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