Friday, May 3, 2013

Nifty Intraday Update-I



52 comments:

Rouge Trader said...

Good Mrng Master & friends !!!

Rouge Trader said...

OTM Puts flying but 17 lk buyers in 6300 call Looks we might be in for a surprise move if 5950 holds...!Good Day Guys

sandeep said...

Good morning master have a nice day

Jaspal said...

Greetings Great Master and every one

rajapvt said...

Rouge Trader: 5400 PE buyers above 10lk. They can be speculator buyers in 5400 PE & 6300 CE.

DR.SGM said...

Dear sir,can we assume that 3rd of 5th or wave A of B is over.

deepak pinto said...

Sir
5962 dhema
5962 38% of last rise as per tt
Days low 5965

Watershed 5962

STOCK4SURE said...

unwinding started in ITM calls

Big Brothers may be knowing some inside news and unwinding their written call position as some positive news may be coming out from RBI policy

addn in 6000pe too

may not announce sharp rate cuts but nowadays mkts reacting more on gudelines announced

Rouge Trader said...

@rajapvt

previous close 5999

6300 ce 17.65lk buyers 300 points above PC

5400 pe 10.99lk buyers 600 points below PC

yeah... speculators but it might be smart money too... lets wait and watch!

shriram said...

BN saying something.. u-turned to < below DhiEMA & now trading < DEMA

OTM PE OI may be eye-wash... beware

Ilango said...

Holding 5965 presently.

Above 5977, intraday strength possible.

Indus said...

@Shriram

Agree with your observation....BN has proven to be the lead indicator for upside or downside moves in the nifty. Do u think a short is prudent now?

J.R.Julius said...

Good Morning Everyone ♥,
Magic Numbers for trading don’t exist, but a trader who can follow the trend using relevant numbers can do Magic.

Camarilla Keylevels - Nifty Spot
H4@6059 ↑
H3@6029 ↓
L3@5970 ↑
L4@5940 ↓

By watching Camarilla levels, You will start to Notice the Market in a new perspective. It is not a Holy Grail, But a Map.

shriram said...

@ Indus:

yes to my eyes

Parimal said...

that is right, BN is the Lead Indicator

J.R.Julius said...

Camarilla Update : Nifty Spot
CMP@5955 (Mid Point of L3 & L4)
Scenario#3
L3@5970 ↑
L4@5940 ↓
*Paper Trade/Backtest Rules - 20pts SL - Partbook 1:1 - Remaining TSL using TL/MA

Parimal said...

Hi Shriram
thank you very much

mmarketman said...

CRR unchanged...REPO cut 25 bps

Rouge Trader said...
This comment has been removed by the author.
mmarketman said...

disappointing....market expected 50 bps

mmarketman said...

5.7 GDP expected current year by RBI

mmarketman said...

this is also disappoinment

shriram said...

hi parimal

See HCL too :-)

mmarketman said...

RBI bearish on growth

mmarketman said...

Room for further easing was limited....RBI

Ilango said...

"Event", out of the way, it would be the technicals that would lead the way.

Manish said...

Goodmorning master and all friends,

Well said master..:-)

prakashbkc said...

GM Master,

Ilango said...
"Event", out of the way, it would be the technicals that would lead the way.

Technical means DHema level to be watched or else?

If possible kindly share view on BN

Sambhrama said...

as master said....
market is back on track out of hype....

lets enjoy the clam trades with clean technical...

Ilango said...

@ prakashbkc,

Technicals: What does the TT shows..?

Chart: Prices reached channel bottom & the mid point of 21 & 34 Hr sma-5919-40.

STOCK4SURE said...

addition in 6000 and 6100pe

have they deliberately brought nifty down to write more pe at some higher premium
5988ns

considering if lows had been made and near 100 intra range then possiblity of ns may test 6020-30 range

Ilango said...

Retrace for 6019 to 5930 are:

0.618%--0.736%--0.80%
5,985......5,996.....6,001

Sambhrama said...

based on the price action today...
the given levels are...

6824.37
6151.61
6100.80
6069.66
6040.98
6017.85
6001.31
5987.54
5977.88
5968.21
5956.24
5936.90

happy trading......

STOCK4SURE said...

5926 is 55ema in 30min charts

San said...

SBI Intraday update: CLICK HERE

Abhi said...

Sir, looks like a 5 wave forming from 5930. Does it imply strength?

prakashbkc said...

thanx master for reply

Amol Sharma said...

look at 200 min MA 5 min chart,

Abhi said...

Sir,

Conservative trade short triggered. What would be the SL. 6001 (80% retrace ?)?
Sir, plz suggest on this.

Ilango said...

If prices don't dip below 5961.45 and move above 5993.60, it would indicate an impulsive 5-wave move. But the move past 5993.6 should happen soon. If not it would fall into a corrective rise.

Ilango said...

@ Abhi ,

Conservative traders: Asked to part book @ 6025-42; Trail with 5976.

Only Aggressive traders: Sell.

If sold, 80% is a safe SL.

As long as prices are within the channel & above 21 & 34 Hr smas and EOD close is above DHEma, "Buy on Dips" should continue.

Sambhrama said...

hi everyone....

what is weekly channel top?

STOCK4SURE said...

sir
what will be trgt of ns if it moves abv 5994ns now??
cmp 5989ns

Amol Sharma said...

one doubt is put call ratio

Ilango said...

@ STOCK4SURE,

By moving above 5993.60 to 5996.85, it shows a 5-sub-waves from 5930.(I would have preferred a bit more as it could also be labelled as "a" & "b" in progress).

Now we look for retrace for 5930 to 5996.85 and if 61.8% holds(5956), then 6030-42 is possible for the day.

shriram said...

--> back

looks like DloEMA has supported BN

Ilango said...

New Post Done.

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