Friday, May 10, 2013

Nifty Intraday Update-II



36 comments:

STOCK4SURE said...

abv 6061 bulls will gain strength and may move up to retest 6080

suresh said...

ns if < 6050 can touch 6035/30

prakashbkc said...

GA Master,

"BN's TT gave a "sell on rises" for the second time."

Sir BN gives only today sell on rise first time when it has given second time? kindly clarify..

Ding A Dong said...

hi friends....

how to identify the strength of a trend?

Ilango said...

@ prakashbkc,

I stand corrected.

BN has given in the past 8 trading days, yesterday's was the 4th time it closed below DHEma.

Ilango said...

how to identify the strength of a trend?

Depending on prices above HEma of "which T/F".

For eg: Prices closing above MHEma is strongest trend.

Prices closing above WHEma but below MHEma is stronger ..

Prices closing above only DHEma but below WHEma & MHEma is only a bounce.

prakashbkc said...

thanx Master for reply

truly Master yesterday is 4th time .
Master any conclusion drawn in out of 8 day 4 sell on rise though fast rise is also around the corner?

HARISH TAHKKAR said...

Observations :

ODIN daily charts of CE 6100 the day before yesterday yersterday,today highs & lows are almost same.
Likewise PE 6000 high & low same.
Bank nifty to cross swing high of 12783 to sustain rally.
Heavy weight RELIANCE too weak to lift the index.
To day is weekly close.

Ding A Dong said...

Thanks a lot Master.

Ilango said...

@ prakashbkc,

As long as prices don't close below DLEma, this is to be seen as consolidation for another round of break-out.

Ilango said...

A break-out from the consolidating range may have started from 6047.

STOCK4SURE said...

an inv H&S in making in 5 min 3 day charts

may move towards 6120 if sustains abv 6081

Sanjay Jaiswal said...

Dear Ilango Sir & Blogmates,

OI Table Update at 1:00PM, Pivot-6059, S1-6028, R1-6080, ATP-6071, VWAP-6071

The 6100CE got active on expected IIP data, will they able to survive till EOD, 6000PE writers are holding on, buy the dips did help…

Thanks & Regards

STOCK4SURE said...

is it possible that lows of 6025 may be lows of next week also
i guess todays low may take some days to break below

STOCK4SURE said...

5930-6080-150pts

6040+150=6190

shriram said...

quick peek b4 sapad..

looks a Bull Flag Brkout from 6080

Tgt T1: 6080+ 45 = 6125

Cu all @ 14:00, Bon Appetit!

vksoni said...

ilango sir v th complete? aggresive sell?

Ilango said...

Holding 6067-73 is crucial to continue this upmove that started from 6047.

Pattern Trading said...

Ilango said...
how to identify the strength of a trend?

Depending on prices above HEma of "which T/F".

For eg: Prices closing above MHEma is strongest trend.

Prices closing above WHEma but below MHEma is stronger ..

Prices closing above only DHEma but below WHEma & MHEma is only a bounce.

--------------------------------------------

There is so much we learn here everyday ... Please accept my pranam master ...

marketrider said...

@ ilango sir,

Namaskar

sir, mostly u said "Weakness below it" and "Strength above it". this means if we are in trade then we should stop out our trade at that number? or this mean we should be concious.

with thanks

Ammolh said...

Very true Ilango Sir,

This would make a bounce till 6247

http://postimg.org/image/55785gh2l/

Parimal said...

Dear Master
during the present upmove, price has bounced from 21,34 hrsma for three times.

Ilango said...

@ marketrider,

Those were for intraday traders. For positional traders, "6019" was suggested to be critical.

The same may, now, be revised to 6040.

Ilango said...

@ Parimal,

Having faith in such numbers helps one to manage one's positions. The reason why it finds a place in the JNSAR TT of pre-mkt view.

marketrider said...

sir,

after making new high(crosssing 6084 ) , you revised to 6040.

with thanks

ITradeForProfit Daily said...

Nifty trading in ND Sir's ATR Sell Zone with ATR Breakout above 6107 for 6152

Ilango said...

@ Ammolh,

Amazing are the simple trendlines and how one could use them for break-outs as well as trailing positions.

Ilango said...

A small triangle consolidation completing holding above "6080" for the next target of "6108-6110".

Parimal said...

10/05/2013 13:36:29 : Please note a special live trading session is been conducted by both NSE & BSE dated May 11, 2013. Market Timings are 11.00hrs to 13.15hrs. Deliveries purchased (both NSE/BSE) on May 10, 2013 will not be available for selling on May 11, 2013 as the Pay-in /Pay-out for both the settlements have been merged on May 14, 2013.sharekhan

Ilango said...

6080, not holding,

"6066-72" must hold for upmove to continue.

Failure would be a potential reversal possibility.

Amol Sharma said...

slipping below 6068 looks critical

Parimal said...

Dear Masster
but i get nervous at such a juncture!!!

shriram said...

--> back

Master,

iv of upmove from 5947, has done an Xpanded FLAT ?

Holding 5970, to tgt new top ?

Ilango said...

New Post Done.

Dinesh Rishi said...

Shriram

tgt new top ?

All time high de do, plz

Parimal said...

they say that Sensex 20000 is a psychological number!

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