Thursday, May 2, 2013

Nifty Intraday Update-II


rajapvt said...

No noise in blog other than these tippers. So calm and peaceful.

Ilango said...

Corrections continue till below 5943(80% of last fall.)

Above 5943, two critical numbers 5971(multi resistance) & 5985(80% of 6112 to 5477) have been crossed.

For the day, R2: 6015 done. Part booked.

Keep retrace of 5882 to 6016 to manage trades.

Nincompoop Trader said...

waiting for 6030-55 to book and reverse


@ rajapvt

Ttppers are always big noise because they do not have nose.
Tippers patterns " Always down curving tails !
Only down trends Never uptrends
No tops ( minds ) no bottoms ( hearts )
They do not understand,we should understand.
They under sand to understand !

The_Unprejudiced_Observer said...

Good Afternoon

? 5 waves to complete on 5 min chart from 5865 to 60XX

Nincompoop Trader said...

above 80% 5985 (of 6112-5477) 1.132% of 5971-5477 comes to 6036

Sahil said...

Wow, never knew being still & silent can be so rewarding. JNSAR is really god!!!
Thank u sir for all your efforts.

Sanjay Jaiswal said...

Dear Ilango Sir & Blogmates,

OI Table Update at 1:00PM, Pivot-5921, R1-5974, R2-6020, ATP-5982, VWAP-5982

Market seems to be smelling a 50 bps rate cut and scaled 6000 with ease, good support building up around 5900PE, with OI now above 54 lacs…

Thanks & Regards

prakashbkc said...

GA Master,

Master Any view at this stage on nifty on shorter term & long term

deepak pinto said...

Above 6017 +++ another double flat running in 2 min
Below 5994--- correction may ensue

Abhi said...

Sir, any update on the conservative trade ?

divya thakor said...

now most pref. view is weekly which you mension last week?
currently 5th wave is on?

Anandha said...

Guys keep booking profits at this high point.May by EOD market may see some correction due to pulling out money from market considering the news event.

Ilango said...

@ Abhi ,

The corrective scenario ended when Nifty paused @ 5945(80% mark) and moved past it.

Conservative trader takes the entry @ 5945+.

If not done, it is better to wait for a pull back and see how the technical set up looks during such a pull back.

@ divya thakor,

When Nifty moved past 5872(80% of 5971 to 5477), it was indicated that the 5th wave is unfolding.

Nilesh said...

@ illangoji,

vix not coming down so what look like ?

divya thakor said...

if 5th wave unfolding than how to lebel wave on daily t/f?
it will count as on hourly 5 wave comleted than 5th will done?

Ilango said...

@ Nilesh,

It would mean that the rises above 5900 are of speculative nature.

Unless the RBI policy brings in a "structural change" to bring in "Investors(delivery based)", this rise would not be sustainable.

It is "event-biased".

suresh said...

atti nahi bn-f < 12670

Ilango said...

@ divya thakor,

5th waves are "swift kind" or of "Rising wedge kind".

This 5th is a swift one and attempting to label its sub-waves would be challenging as "sub-dividing" would be many.

Though Day & week are reaching overbought zone, there are no weaknesses yet. Never the prices closed below HEmas.

The trailing number should be read as "5933"(80% of day's rise)

divya thakor said...

thanks sir
thank you very much

divya thakor said...

sir sorry to disturb you again and again.
but i have a doubt.
how will we know that 5th will be truncted or complete?
will there any kind of rules that will guide us that 5th will truncted or complete?

Ilango said...

New Post Done.

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