Monday, May 6, 2013

Nifty Intraday Update-II



59 comments:

Tushar Thete said...

@ S4S,

m trying to plot +WW pattern but not getting it, on which TF you've found? Request you to give your inputs...

Ilango said...

Nifty reached Pre-Mkt's "5925-35"(@5929) and rose as in "Sell on rises to DHEma & +20 -5967-5987(@5977)

Yash and Dhan said...

Thank you master. I was just about to comment about the pre-market view. 3 big negative news (PMI, Coalgate Cobrapost) have hit mkts today and yet it has held from a big fall.

Eidiot Wave said...

@shriram

look at the above comment from the master....

One of the hardest things about trading Elliott Wave is its degree of complexity. To make it even more challenging, there are alternates to every potential move, which basically tells the trader that if this move doesn't go up, it will go down, but he or she will know that only after the fact!

Andrastyle said...

Hey (E)Idiot why are you making unnecessary noise over here. If you dont like, please get out of here. Any of us over here didn't asked about your comments.

Manish said...

Goodafternoon master and all friends,

Master could you put more light how to infer "Sell on rises" TT being Buy on Dips as well as Bullish Week T/F.

shriram said...

@ Eidiot Wave:

Am more than acquainted with this issue. And its got to do with Human Mind more than EW

Reality of Price is best reflected by Low Pass / Hi Pass Filters , read MAs & Oscill

EW / patterns are to forecast Exits.

If u are going to trade ENTRY solely based on EW lables, w.o guidance of MAs, osicllators & OTM OI,
then it will always be a sure-shot capital burning exercise !

mmarketman said...

@ S4S,
will you plz provide your WW chart .....?

mmarketman said...
This comment has been removed by the author.
Eidiot Wave said...

hello andra babu,

point out the point of mistake rather than the plain blame.
whats wrong in my last comment.
I am dont want to be a blind learner.
you become strong only when are challenged.
I just need answers to my points.
Iam not here to condemn any one.

Ilango said...

@ Manish,

The new signal has an impact in the immediate scenario.

Eidiot Wave said...

@shriram

well said,
that's why i posted a question asking for TOP 4 mistakes to be avoided by a novice EW practitioner.

my ? is not there and same with answer.

coming back to naming ceremony...
naam me kya hai bhaiya kaam deko

mmarketman said...

@ EW
if you oppose here...you will get highly criticized......or even will be forced to leave the blog......keep silence and keep watching so many funny things....

mmarketman said...

@ EW ,
take what you convinced and leave other things......dont try to raise the issue......

shriram said...

@ Eidiot :

Naam mein " vinamraata" jhalakti hein

When TA becomes a Spiritual experience, only then will real trading success materialize.

Wont get that by trivializing ... again name is ur personal choice, I wud change it if I were trying to learn EW in true spirit tho,

rgds

Pankaj Shukla said...

I already lost 25 lakhs in trading and still counting.....
but I know everything EW, Technical, Charts, etc.

mmarketman said...

@pankaj,
Had you paper traded you would have got 500/800 points per month

Eidiot Wave said...

@MMARKETMAN

Thanks for a humble advice.
Iam not a oppose here. Just treat me as a critic.
critic getting criticized is common.
No one should waste their FORCE to push me out of this blog just a line from illango stating not to post my critic is sufficient. I respect his words.
keeping silent is the last resort (when there is no choice)for any rebel.

Ilango said...

When one is biased, he/ she sees everything coloured.

When one is objectivity oriented, everything looks crystal clear.

Nothing showed a topping except EW. Quite difficult to digest for the "subjective followers".

How you are able to combine various studies "objectively" as the prices unfold and confirmations start coming from each study, you start "flowing" seamlessly.

The moment "opinions" are expressed, you are biased and distracted.

Sounds "Funny"..eh...

STOCK4SURE said...

@mmarketman,

coordinates of smaller + WW pattern
1.5942
2.5972
3.5937
4.5957
5.5928

coordinates of a larger +WW pattern developing

1.5936
2.6000
3.5928
4.5976
5.symmetry wise may trgt 5920 near 2.30-2.45pm
6.may trgt 6020 till tomorrow or wednesday opening first hr

mmarketman said...

@ S4S,
thanks....but I would have been more thankful if chart had on your blog...but thanks I will draw it as per your stat...

STOCK4SURE said...

a smaller -WW done its trgt

missed it just saw it now

1.5957
2.5928
3.5963
4.5954
5.5976
trgt 5950 near 12.20

mmarketman said...

@ EW,

keeping silent is the last resort (when there is no choice)for any rebel..........nice....best....

at least history will register you rebel.....next followers will get benefit of it....that is also not less but rather major contribution....

anubhuti mandloi said...

the gold an silver prices are on upside other commodity like base metal, agri commodities shows bearish trend today get free commodity updates , NCDEX Tips, commodity gainers and losers, gold news visit

Anand Kumar said...

What is displaced moving average. If any one have idea of it, please let me know. What is the best setting for hourly/ daily chart.

shriram said...

Master ,

Holding 61.8 % - 80% of 5929-5976 , can we see a bounce ?

mmarketman said...

analysis and trading are two different.....good ANALYST cannot be always a good TRADER......

Sanjay Jaiswal said...

Dear Ilango Sir & Blogmates,

OI Table Update at 1:00PM, Pivot-5964, S1-5922, R1-5990, ATP-5956, VWAP-5956

The PE writers have taken the lead with huge addition at 5900 level, based on OI, its becoming a buy on dip market right now with the Weekly VAL as the reversal level…

Thanks & Regards

J.R.Julius said...

Camarilla Update : Nifty Spot
H3[SELL]@5963 reached partbooking Level@5943.
And this is TSL time for remaining positions.

Eidiot Wave said...

@illango,

the "subjectivity disorder" as been treated well, thank you.

Hope the "objections" during the journey of "Objectivity" needs better treatment.

Initial "opinions" (biased/not cleared/colored) are the one which lead any one towards the strength to make "Statements"

yes its really "funny" as i enjoy this journey while some one, some days back said rightly that "its fun to hang out with illango".




Suraj said...

Respected Ilango Sir,

Please update 1pm hr ema.

Regards
Arvind

Ilango said...

@ mmarketman,

You are not going to help anyone with your depressing comments here.

I remember very clearly that you were stopped from commenting here.

You won't change. You are only here for the "fun" of it.

Your attitude isn't going to inspire anyone.

Leave it.

mmarketman said...

Ilango.... I am not you student....and will not be....but remember so many on you blog are accepting my views also but, those are in minority..I have received one mail saying same thing....if one has expressed then there might be at least 5/10...day will come when fact will prevail that ANALYST cannot be always a good a TRADER.....

mmarketman said...

and the person appear with my view I will support him ...not to oppose this blog but to support his views....there might be different SCHOOL OF THOUGHT ....one has to accept it...you are taking it tooo personal...and I am taking it as academic.....
think with my vies also.....other side of coin always exists....
thanks in advance....

mmarketman said...

@ EW,

Hope the "objections" during the journey of "Objectivity" needs better treatment.

right .......

SJkolkata said...

mmarketman/eidiot,
why do you all come and intrude where you are not wanted and entertained.
I simply dont understand, what all proof is required to prove the supremacy of knowledge here. Time and again Ilango sir had given interactive details and the markets have danced according to his studies.
Either learn and accept or atleast dont be a problem child.
this is a request cause the energy is diverted towards this negativity.

gauresh59 said...

dear mmarketman,
It is a disciplinary rule of an analyst not to share his own real trades to any one nor to ask any one for any trade to take...., then how one can come to know that "An anyalyst cannot be always a good TRADER..?"

mmarketman said...

@SJ...
the point is........on the every tune of market whether HE takes every trade ?.....Success in ANALYSIS is not success in TRADE....that is my point.....

enough for me......

manojag said...

Flies gets attracted to jaggery. Even if you shoo them away they will keep coming back.
They are capable of carrying over 100 pathogens, such as those causing typhoid, cholera, salmonellosis, bacillary dysentery, tuberculosis, anthrax, ophthalmia, and parasitic worms. Some strains have become immune to most common insecticides.

SJkolkata said...

mmarketman,
who is interested whether Ilango takes trade or not. Everyone is interested in his knowledge and sharing. Rest everyone is exercising their own judgement and pulling the trigger in the market. Whether Profit or loss, also largely depends how you act and ofcourse some luck and your stars.
In my more than 20yrs in markets i have seen 2 people together, both acting on the same call, 1st earning a fortune in that since he booked out at the right time and the 2nd loosing his fortune in the same trade. Take HFCL as an example in 2000-2001.
So please learn if possible and dont try to peep in everyone's balance sheet.

Eidiot Wave said...

@SJKOLKATA

Hope you are looking at it from a -ve angle.

I clearly respect illango, for best of his knowledge.

My "contradiction" is with EW.

Just trying to "ride the horse" with the help of "Jockey"

CDG said...

Dear Ilango,

due you see any negative divergences developing in the Day Indicators

Sidhharth Noman said...

There is only one relationship Guru and Shishya, if someone knows then take profit why give gyan, no point in making it a academy. Illango sir's effort is a great act of compassion, he is not trying to prove anything but only showing the correct path in this world of chaos. But sometimes i think demons are also necessary to make ones resolve and ones faith in his guru more firm.

mmarketman said...

Success in ANALYSIS is not success in TRADE.

this is my point......I will stop here....at least till the person like EW anyone else raise the point...

Sandy said...

oo's to disturbances

Sandy said...

Market open for special session on Saturday May, 11 from 11 a.m to 12.45 Hours

Ding A Dong said...

@Sandy

if you give your OO's to disturbance then WHAT you do for other things hahhhahahahah

just ignore them yar, focus on what Master is saying, what ever is happening i believe that it will make our belief on Master will strengthen.
as Sidhharth Noman said- But sometimes i think demons are also necessary to make ones resolve and ones faith in his guru more firm.

shriram said...

--> back

Falling wedge under formation on Hrly candles .. UTLs @ 5960-70 to be taken out by bulls , to entertain upmove chances,...

discipline focus said...

@Ilango,

'TO MEDITATE IN A BUSY MARKET PLACE'

keeping aside all the learning I got from your teachings, the monetary gains, the confidence and discipline.

Just that one line has made a huge difference..not only in trading..but in life as a whole

At times like these, I can't but marvel at the strength of that line.

To everyone in this blog ..including marketman ..just once try to find the meaning of those lines.....I am sure it will help....in bringing clarity

regards
Discipline

Ding A Dong said...

@discipline focus
wow man... timely one dude...

sanchjit said...

@Marketman

Successful traders need successful analyst's around them .

vksoni said...

ilango sir
Triangle in hour chart upper line approx 5970 and lower 5930 approx. triangle height 90. can we initiate conservative trade based on this.mean buy above 5970 and sell below 5930

mmarketman said...

@ Sanchjit

100% agree.....but analyst shows entire journey of his study as success ...and trader in practical get less than that...that is reality.....because moneys is involved of trader and not of analyst.....

mmarketman said...

@ Snchjit
and one more reasont to get trader less is practicality of each and every trade

divya thakor said...

sir
is it possible that corrective A will be a triangle and e is on?
triangle type correction ever possible in A wave?

suresh said...

Beautiful things happen in your life,
when YOU distance yourself from all negative
things.

STOCK4SURE said...

in 30min charts T/L joining lows on 22nd and 30th april

supp at 5930-35 range for today

also a broadening pattern developing in ns 30min charts
near to lower T/L now

if takes support and move up to test upper T/l then may trgt 6070-90 range...my guess is nifty may get tire near 6090-95 range this series

Ilango said...

New Post Done.

Post a Comment