Friday, May 3, 2013

Nifty Intraday Update-II



44 comments:

salildali said...

Sir. instead of impulse can A= 5937 to 5994 and B = 5994 to 5968 and c = 5968 to 5999

shriram said...

@ S4S:

Intra rise from Days Lo resembles a Rising Wedge / -ww ??

Brkdown < 5985, to 5950 , is that a possibility ?

STOCK4SURE said...

@ shriram

5981 levels to be watched

expecting a small move abv 6000
then may dip towards 5981-84 range near 12.40pm

Sambhrama said...

sanjay jaiswal is needed on OI update....

SJkolkata said...

Bang on S4S,
5980 @ 12:40pm
what next?

Atharva said...

Master good afternoon : BN is comfortable trading below 21 & 34 hrs sma..

shriram said...

@ S4s:

yup, the small -ww has played out.

If bulls cant regain 5990-96 soon, the -ww will transform into a ZZ & may see a bigger fall to Dev. Dhi ..

NEVER GIVE UP said...

GA Sir & All Friends.

Atharva said...

PSC close for BN is way up @ 12726.85.. looking at this ns will follow . the first thing moves in mkt is Money..if BN stocks are trading below PSC..NS will follow soon.

STOCK4SURE said...

i guess this dip is for writing ITM pe

Parimal said...

will 21 and 34 give support?

Atharva said...

Till JNsar does not catches price mkt will keep gyrating ..eating premium of options..expiry is also lengthiest in this series..

Sambhrama said...

@ atharva..

considering you statement... what would be your option strategy?

Parimal said...

seems 21, 34 are to be tasted today again! market is listless

shriram said...

BN is defi the weaker index...see today's clues trading < DhI & now unable to scale dev.DEMA

If Dlo gos, its headed to 12,300 (Dev. WkHi)

Cu after sapaad, Bon Appetit!

sometimesbullsometimesbear said...

Historically May has always been vacation time for markets meaning Nifty has gone on vacation 80% of the time statistically over the last 13 years. Just a vacation perspective. :):)

Parimal said...

BN: seems 3rd wave down is on

Atharva said...

Sam : I trade only NF.. no options..that too with JNSAR along with AGNI levels fr MR. Nandi for clues..

Ding a Dong said...

dear atharva ji
cn we buy ITM options?

Sanjay Jaiswal said...

Dear Ilango Sir & Blogmates,

OI Table Update at 1:00PM, Pivot-5987, S1-5950, R1-6045, ATP-5976, VWAP-5976

It has happened, but Nifty did not fall much, but have consolidated within the range of 5930-6000 for the time being with huge addition at 6000-5500PE levels, now falling below 5800 looks improbable for the time being…

Thanks & Regards

Ilango said...

Did not cross 6001(80%) but broken "5957"-61.8% of 5930-6000.

Atharva said...

DD : if you want to nr 5976..with master's given sl @ 6001.. Now SL is too big.. I do not see any adv right now.. Today agni is @ 5979..
SO these levels matches quite often..

Manish said...

BN hits the JNSAR 12469...

naresh said...

Lango sir /Shriram , day JNSAR hit , what should be the take now for longs is the trend reveresed ?

STOCK4SURE said...

5951 is support of T/L joining lows of 5868 and 5930
cmp 5953
will it bounce from here??

Parimal said...

Sir
can we short Nifty since BN JNSAR is hit?

Amol Sharma said...

@sometimesbullsometimesbear agree. vacation. mine planning going on.

STOCK4SURE said...

a channel pattern forming in 5min 3 day charts
if bounces from lower T/L near 5951 then it may be fast

Ding A Dong said...

@sometimesbullsometimesbear

can you please share the data?

Abhi said...

I think we can now try some conservative sell (if not done in the morning) keeping 50% of 6001-59xx as SL.

Parimal said...

Nifty between 21 and 34 hrsma

Ding A Dong said...

@sometimesbullsometimesbear
just 13 may's high low would be fine.

Atharva said...

Keep eye on DHEMA @ 5962 & MHEMA 5978

chetas said...

when was the last time we had a Inside day on RBI day ?

Prashant said...

This market should not be shorted even now as the daily, weekly and monthly technical are still in favour of bulls. Only intra day shorts are advisable till more weakness is visible. Because of strong TT, it may show sudden and sharp recovery in the afternoon.

sometimesbullsometimesbear said...

Ding A Dong :) u can pull historical data from this link ...it is very simple. :):)

http://www.nseindia.com/products/content/equities/indices/historical_index_data.htm

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

@sometimesbullsometimesbear
thanks for the link while i felt you have ready data and commenting based on that...

I just checked last two may's....
2012 may --- 350 points btw high low
2011 may --- 400 points btw high low

what made you to say that Nifty is on vacation?
hope you are not an option writer? hahhahahah

durga said...

@PRASHANTH,
there is weakness in strength
strength in weakness DODGE THIS
NOW WHAT?

Ilango said...

New Post Done.

Parimal said...

expected bounce from 34hr sma is not happening

Parminder said...

Posted rbi policy details VIZ a viz nifty in the group

sometimesbullsometimesbear said...

Ding A Dong:) when the cat is away the mice play....:)) I just meant May has usually been a down month --- but JNSAR will signal this beforehand if at all. We are just in the third day of the month. :)

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