Tuesday, May 14, 2013

Nifty Intraday Update-III



17 comments:

STOCK4SURE said...

a contracting triangle within channel charts

5980 is support and 6013 is res of triangle pattern

Abhi said...

2 30 factor selling plz..

Anand Kumar said...

Yes selling is required to protect dlema and to continu with short.

shriram said...

--> back

Master,

if 6011 again resists, then should one see the form as a Corrective CT from 5970, & brkdown < 5990 NS ?

DKG said...

"Markets most probably have reversed after making continuous 17 lower highs and broke last 5 days low in just one day. As per the structure Nifty should break 5867 in next 5 days to confirm the reversal. USD looks strong and above 55.5 a huge breakout should have which would take it to new highs which would be bad for equities but positive for IT sector."

Sandip Patel said...

Day after tomorrow's JNSAR value 6035 +- 4 point. may be I am right

J.R.Julius said...

Camarilla EOD Comment : Nifty Spot
H3 Sell gave 20+10[tsl]=30pts
even in the worst cast one could booked 20pts.

Net problem too. Hope my posts may use atleast
one or two friends to understand a trading system.

Tomorrow Focus on H4 and L4 only to catch the
direction. Bye All.

STOCK4SURE said...

@Sir/Shriram

is a broadening pattern forming in ns charts

T/l joining 5999 and 6026
and line joining 5970-and 5977

support of lower T/L comes near 5980 byt trgts of upper T/L is near 6080-90

is it possible that ns may bounce from supp of 5980????/

mynac said...

Afternoon Everybody..
Dear Shriram,
There is not writing evidence @ 6000 CE,as well as today's 597zero's importance is significant..so does not look a like very big fall below 5970...let us see...

shriram said...

@ S4S,

if 5990 holds, then Simple ABC or DZZ get prominence,

then tgts for this move are 6011/25/30

Ilango said...

@ shriram,

We touched upon "Re-labelling possibilities for new highs" yesterday.

Accordingly, if you super impose BN's structure on Nifty, @ 6019 one part of upmove ended after which "a" of a corrective reached 5929 and an irregular "b" reached 6115 and the "c" is unfolding. This view will be held as long as 5925-40 is protected.

anmpatel said...

@good afternoon master and all...

shriram said...

@ ilango ji,

But that wud make b: i.e 5925-6115 > 138.2% x a (6019-5929)
Is that a valid Irreg. Flat, sir ?

@ Mynac: Namaskar, just a view on wave form, did not base on OI

mynac said...

Dear Shriram,
From screen it looks today that sellers precariously tried to push Nifty below 5970...but They were never in command,though technically they were favored.

shriram said...

yes.. mynac,
tats y the form triggers only < 5990 , not now

Ilango said...

@ shriram,

Normal irreg.flat would move away by 0.5 to 0.75% but a highly speculative atmosphere or strong bullish undertones could unfold into a 1.5%(6019+96(1.5%)=6115).

This is an alt.view considering "not yet damaged week TA & month TA.

shriram said...

ok master, thank u :)

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