Wednesday, May 15, 2013

Nifty Intraday Update-III



37 comments:

shriram said...

Bell curve maths time

Trending > DhI

Days top should be @ 6150 , with 6130-70 being the 68% confidence 1 Std. Dev spread

Ilango said...

Lessons in EW:

The correction that unfolded from 11.30AM to 1.45PM was an "Irregular correction".

See its form,

a: 6124.70 to 6107.65
b: 6107.65 to 6129.05
c: 6129.05 to 6115.25.

Note the "c" did not move below 6107.65 but ended at 6115.25, pointing out the impatient bulls.

Ilango said...

Current hour's Open & Low same.

rochak parekh said...

nearby striking distance of 160 points gain

as mentioned in the morning

OM SAI RAM

P.S. - are we in for a dummy count of 6172 seen in pre market trading, converting into reality

Rajan Malhotra said...


Rajan Malhotra said...

Good afternoon Ilango ji and blogmates
Can anyone tell authentic source of open interest of nifty and bank nifty in market hours and eod

Ilango said...

Even the filtered JNSAR @ 6042 has given 100+ points. (6147 done)

STOCK4SURE said...

if bulls could protect 6129ns then another round of upmove towards 6160 is possible

SAM said...

Lessons in EW:

The correction that unfolded from 11.30AM to 1.45PM was an "Irregular correction".

See its form,

a: 6124.70 to 6107.65
b: 6107.65 to 6129.05
c: 6129.05 to 6115.25.

Note the "c" did not move below 6107.65 but ended at 6115.25, pointing out the impatient bulls.

==============================================

Thanks Master i got my answer for truncated (C) :)

Pranam..

garaga suresh said...

6500 next move its powerwave

Anandha said...

6147 done. Now nifty may see some correction.Below 2128, may see some correction.Now if at all nifty have really an upmove, time wise correction is expected around 6130(+-20) for a day or two.This week also seems to be closing with a new high.

Nitin Kadam said...

@Master,

Hats Off to your objective view and Guidance!!

Thank You!!

STOCK4SURE said...


A +ww developing in IFCI may trgt 30.5-31 tomorrow

shriram said...

TRADING SHAOLIN & RAHUL DRAVID

In Trade , in life itself it pays to be systematic..

See the eg, of RAHUL DRAVID. No where as talented as TENDULKAR in shot-range , or as powerful as SEHWAG, DRAVID still turned out to be INDIA's BEST OVERSEAS TEST PLAYER.

Q : Why so ?

Ans: becoz he followed a SYSTEM

Short ball : Move back & across. Cover the line & then decide to weave or to hook

Full Ball : Front foot to pitch of the ball, meet below the line of the Right eye

Good Length ball : Well Left

3 simple rules followed with utter DISCIPLINE, time and time again , across countries , against all opposition.

And see what he achieved over 100 tests !

That must be our AIM as SYSTEM TRADERS :

Become a RAHUL DRAVID :-)

Anandha said...

Sorry 2128 means 6128 in my earlier post.

Stockathon said...

@ Shriram,

Nice comparison between Stock Market and Cricket!
Well said... :D

Suraj said...

Very well said Shriram ji.

Regards
Arvind

Ilango said...

Weak below 6130-35.

Vicky said...

Illango sir,

Just wondering if we should also put the DXY and the USDINR into prespective while looking at the unfolding waves

Ding A Dong said...

hi friends some one sent me this... what to say...

"wealth can not be earned its created while think of options as a vehicles to the city of wealth, if you don't believe then look at this"

http://postimg.org/image/dtdf3lx31/

when its a good day then all is well.... hhahahhahhah

Ilango said...

@ Vicky,

Those who use those charts should comment.

I'm comfortable with Nifty, BN & few stocks. It is simple enough & fits in with time available.

I do see Dollar index occasionally. Now, it is more than a year since checked on it.

Vicky said...

Thank you for the reply sir :)

prakashbkc said...

GA Master,

Any conservative trade setup now?

also, Master I taken long at 6110 Should it wise to carry tommorrow as JNSAR is 100 below my level?

peg hall said...

ilango sir which are those few stocks which u watch??

Ilango said...

@ prakashbkc,

What is your logic for going long @ 6110...?

cos' so many are predicting 6300 & 6500...!!!

Ilango said...

@ peg hall,

These stock files are uploaded every week @ JN Group.

In alphabetical order:

Icici Bank
Infosys
RIL
SBI
Tata Motors
Tata Steel.

(And my critic briefs me from time to time on few others she manages)

Prabha Gopalkrishna said...

Become A rahul dravid by just following sir....

Ilango said...

A 5 may have been done from 5992 to 6152(or 6155) as the "iii"rd wave from the lows of 5970, "i"st being 5970 to 6026.

shriram said...

Minor Fibbo Res coming up @ 6161 NS ...

Prabha Gopalkrishna said...

monthly gartley too finished at 6163 nf mt4...

prakashbkc said...

Master,

as I missed the rally And I have seen Lead indicator when remain OB then rally continue most of time.
Like this buying at 12pm & selling at 3pm is always nice idea this is my experience

Ilango said...

@ prakashbkc,

If you want to trail your longs, "6134-36" is the number.

Anandha said...

In Cricket, I like Arvind Disilva. Even when team needs to make more runs, he also play systematically, Peacefully and Calmly.Never ever see tention in him. Dangorous batsman at his time from Sri Lanka.

prakashbkc said...

thanx master for reply As always ur hand is needed in this journey.

rochak parekh said...

160000000000000000 points in nifty

as guessed wildly in morning

OM SAI RAM

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