Thursday, May 9, 2013

Nifty Intraday Update-III



24 comments:

chetas said...

@ JRJ,

Cam mid point also 6069 :)

Abhi said...

Today hr close never happened above Hr High Ema.

shriram said...

--> back

Master,

Is this a ED forming, pt "e" under way ?

Parimal said...

Hi Shriram
if this is ED (as some pointed out) what could be trgt of 'e'!

shriram said...

Hi Parimal ...

50%-61.8% x 6025-6085 from 6054 ..

c 6025 6085 60
d 6085 6054 -31 -51.7%
e 6054 6084 30 50.0%

Either done @ 6085 or 1 more small top @ 6091..

Ilango said...

@ shriram,

If "ED", it could only be from 6025 but is incomplete. I don't see it that way.

chetas said...

shriraa,

hopefully very small e,

now below sirs 6069, cam mid point

below NF VAH 6072, lets see whether yesterday POC 6059 gets broken

STOCK4SURE said...

channel support NEAR 6044NS

shriram said...

master,

Quick re-calib
..

Can this be the ED done ??

a 5929 6070 141
b 6070 6025 -45 -31.9%
c 6025 6085 60 42.6%
d 6085 6054 -31 68.9%
e 6054 6084 30 50.0%

shriram said...

Hi Chetas..

If Dev. Dhi EMA goes, then ED is done , is the feeling...

wot r u seeing?

The_Unprejudiced_Observer said...

Appearance from 5500 to 6085 is as if early stage of rounding top ( A Quadrant)

Parimal said...

is the hanging man being played out!

Abhi said...

Wish - Close below DHEma today, break 6000-6019 by this week.

chetas said...

@ Shriram,

yes watching the same,
Dev Hema, we are currently there.
also 6100/6200 ce addition gives some confidence

Parimal said...

NS at 21hrsma and DHEMA

DKG said...

Sell signal will confirm by Nifty Future closing below last days low which is now 6025.

Parimal said...

Shriram/ Chetas
should i go short pls suggest!

shriram said...

Parimal,

Close may b > DHi .. better to see afresh tomo, wid no positions

Also OTM PE OI is still high

Lets wait for master's i/p on the Wave count now

Abhi said...

now moving abv 6062-6065 will not be good for selling.

chetas said...


Parimal,

Average closing looks like above hema, avg running at 6049, would not fresh shorts now,

Jitendra Mishra said...

if it dosnt cross 6060 i will go will sell position for tomoro

sometimesbullsometimesbear said...

JRJ "The Idiot and the Moon" :):) Good one. Thx for the mail.

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