Thursday, May 9, 2013

Nifty Intraday Update-I



58 comments:

Abhi said...

Sir,
Hr high ema can be SL for the aggressive sell ?

Amol Sharma said...

days high ema at 6045 in intraday good to watch out.

deepak pinto said...

Sir
After a good upmove .Selling when hr high breaks gives opprtunity. But needs quick reaction nearing hr lema is an observation

Atharva said...

Good morning Master : Is green 5th completed @ 6080

hbk said...

Gm Master......

⌚Titan to Rolex⌚

Titan : Tuu bhi waqt batata hai,
Mein bhi waqt batata huu,
Lekin phir bhi teri izzat zyadaa kyu hai ??

Rolex : Doost....
Tu insaan koo waqt bataate hai

Aur mein...
"Insaan Kaa Waqt" Bataate huuu ...!

J.R.Julius said...

For YSS friends Today Swami Sri Yukteswar's Birthday.

HARISH TAHKKAR said...

Major Swing Top & Bottoms :
Nifty Swing Top ( to day 6084 ) Previous 6019
Bottom 5928

Bank Nifty Swing Top 12783
Swing Bottom 12188

To sustain rally Bank Nifty to cross 12783 is important indicator
Break of 12188 will give larger correction.

Pattern Trading said...

Axis bank is back in support zone of 1455-60 ...

STOCK4SURE said...

Julius sir
Camarilla Keylevels - Nifty Spot
H4@6102 ↑
H3@6085 ↓
L3@6053 ↑
L4@6037 ↓

ns b/w H3 and L3

STOCK4SURE said...

a small contracting triangle developing in BN charts

12541 is support of lower T/L of triangle pattern

also 12545 is 55ema in 5 min charts

12670 is res (also probable trgt)of upper T/L

if breaks below 12510 or abv 12680 then may see a swing of 250 points more in BN

IndieTech said...

Master - Are you looking at any early indication level to identify that BN fast rise set up may not work out?

STOCK4SURE said...

sorry

12545 is 55ema in 30 min charts

Parimal said...
This comment has been removed by the author.
deepak pinto said...

Sir
Please could u tell the reason for aggressive sell below 6066
Is it because it was breakout point.

J.R.Julius said...

@Abhi & Amol Sharma,
Previous post master indicated weakness below 6065
& about aggressive SELL!

Parimal said...

a day of correction, it seems so far
today falls are faster than rises, does it indicate anything!

Ding A Dong said...

Good morning Master, Discipline, Kiran, Ragavendra, shriram, $4$ and everybody.

according to pre market commentary the market still in consolidation/range bond mood for positional or swing traders and some time back SBSB said rightly that till the JNSAR is near this situation will prevail..

have good day.

Ilango said...

@ IndieTech,

Two factors to monitor:

As long as 5 dsma does not breach 20dsma, Fast rise continues to have contention.

Monitor the retrace of last rise from 12188 to 12694; Holding 12380 is preferable.

Ding A Dong said...

@Ragavendra

according to your last day observation do you think market as seen the high and reversing or it will happen in few days?

did your study holds good for HJNSAR?

regards

Ding A Dong said...

@shriram

can you share the values of 7SMA 7EMA 7HEMA 7LEMA

thanks

Ilango said...

@ deepak pinto,

As per pre-mkt EW's expected(by me) scenario, the last minor rise from 6053 had its (i) @ 6065.40 and hence the breach of the same suggested, a corrective scenario; hence, an aggressive sell.

Only below "6019", day weakness would be evident.

STOCK4SURE said...


probably a -WW may develop in ns charts if lows of 6053(or if dips for a lower low then 6045) is protected then pt 5 may see nifty scaling towards 6100-6110ns levels near eod and then again fall towards 6040 for pt6

jay shah said...

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

anmpatel said...

good morning master and friends.

Ding A Dong said...

@J.R.Julius

I think watching camarilla levels along with catching the bounce at fibb ratios with the help of slow stoch will be a good set up for day trader...

whats your view...

Sanjay Jaiswal said...

Dear Ilango Sir & Blogmates,

OI Table Update at 11:00AM, Pivot-6063, S1-6037, R1-6102, ATP-6064, VWAP-6064

The 6100CE writers are better placed till now, but can they make the kill, or chicken out EOD, OI Table is still not weak though…

Thanks & Regards

Ankit Solanki said...

hi llango,
a close near 6020 today would also make a
bearish evening star pattern. is that correct?

Pattern Trading said...

Dear Master ..

Can you please suggest elliot count for LUPIN .. Since it's enlisting is final wave going on ??

soumen said...

@Ilango,

What would be the target and SL for the aggressive sell ?

Pattern Trading said...

Dr reddy , Lupin kissed upper end of price channel .. Cipla wedge in formation ... Pharma sector will soon be on radar ..

anmpatel said...

@rajapvt
a/c to your system your last long entry was on 15-4-2013 at 1pm candle close at 5570. amazing man....how do u manage partbook and re-entry for first lot?
thanks.

STOCK4SURE said...

ns facing res at downsloping line in 2 min charts
currently res at 6068ns

if breaks abv it then bulls may gain some momentum

J.R.Julius said...
This comment has been removed by the author.
rajapvt said...

@anmp: re-entry is near 12/34 EMA if RSI & STOCHA are above 50. Part book for 50/100/150/200 like this based on the number of lots. But I have not added this in the rules, it is optional.

rajapvt said...

@anmm: Currently it is in buy mode, SAR sell not came

Parimal said...

Hi Pattern Trading
pls check up with wockhardt which has corrected about 200 pts from top. i guess it is at support level

Parimal said...

Nifty spot is hovering around PV at 6060

Pattern Trading said...

dear parimal ..

as per trendline Support comes around 1730-40 level ..

Parimal said...

Thanks Pattern Trading
Ajanta Pharma: yesterday made 100 points and today retracing by 40- 50 percent

Pattern Trading said...

How do i find pharma index in amiborker .. i mean symbol for it ... it has outperformed .. but something is cooking over there ... same is with ITC ..and consumer index...

J.R.Julius said...
This comment has been removed by the author.
J.R.Julius said...
This comment has been removed by the author.
deepak pinto said...

Sir
Thank u for the answer.
6066 also happens to be the breakout point.

shriram said...

GM Master & JN family,

Have a gr8 day !

@ JRJ : "A large number of day traders swear by their pet indicators, wierd stochastics, combinations of moving averages, mystic pyramid Gann angles and so on."

Is it the "poor" stochastics which is wierd , or is it distorted understanding / use w.o understanding that is wierd ?

We take full liberty to use RSI / SSto / EMa , purely based on "Mind-obsv" w.o
understanding what the indicator is calculating mathematically & then lable it wierd, is it ?

Ya Allah ! ;-)

STOCK4SURE said...

a small +WW developing

6054.05
6070.45
6054.00
6068.55
6053,90

Nilesh said...

@ rajapvt

what was your sar system can u send me.

Parimal said...

Nifty: a descending triangle formation on 5mnts chart

rajapvt said...

Nilesh ji: It is already forwarded by Master to the group mail. If you have not received then Please send a test mail.

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

@rajapvt

can you confirm a bullish trade in NF on 7-5-13 10.30 @ 6011

J.R.Julius said...
This comment has been removed by the author.
Ilango said...

@Ankit Solanki,

For evening star to be effective, it should close 50% below the body of the long green candle. Hence, a close below 6013 is needed.

rajapvt said...

Ding A Dong ji: SAR Long came @5976 NF on 06/05/2013 EOD, near last candle closure.

Abhi said...

Sir, so far whatever correction happens, is this irregular type to you ?

ITradeForProfit Daily said...

Bullish engulf in 10 min daily chart on NS

Abhi said...

The low since morning 6054 not broken for the third time. So asking.

Ilango said...

New Post Done.

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