Thursday, June 13, 2013

Nifty Intraday Update-II

Only when trust happens, "Following" is possible.
I did not mean here for you to trust me but "Trust in Yourself"

22 comments:

DKG said...

Anandha said...

Nifty 6000 PE made the range of 125 to 135 which we were looking for 2 days. Hope it is good to book profits.

@ DKG,

Do you still beilieve that 6000 PE can make 250/- ?

However there is a chance that Nifty may see 5850 levels before up move.But I do not like to take that risk after reaching my targets. If crosses 135 and closes then will take 1 or 2 lots of 5600 PE by EOD. What do you say?
June 3, 2013 at 1:31 PM

Hi Anandha,

Look at 6000 PE........

chetas said...
This comment has been removed by the author.
DKG said...

Anandha said...

Nifty 6000 PE made the range of 125 to 135 which we were looking for 2 days. Hope it is good to book profits.

@ DKG,

Do you still beilieve that 6000 PE can make 250/- ?

However there is a chance that Nifty may see 5850 levels before up move.But I do not like to take that risk after reaching my targets. If crosses 135 and closes then will take 1 or 2 lots of 5600 PE by EOD. What do you say?
June 3, 2013 at 1:31 PM

Hi Anandha,

Look at 6000 PE........

chetas said...

@Shriram,

Reposting


Something interesting i came across, which may be you are already aware,

From the Low of 5477, to the high of 6229, we took 26 trading days for 752 pts , excl the saturday trade. So on average 28.9 pts per day.

The fall from 6229 till 5683 has taken, so far 19 days , if we including the common day on 20th may, which is included in rally days also. The fall is 546 pts , on average 28.73 pts,.

we have retrace so far 73% and time wise also 19/26= 73%. So looks like we are retracing the entire rise almost in symmetry with time and price .

At this space , we can easily go near April lows by 24th.

I want to watch how the NS reacts at 80% levels, which is also the wedge support.


I have no EW views, i only follow masters label and your comments

Parimal said...

Dear Chetas
very nice observation. Cheers!!

shriram said...

hi chetas,

sorry for delay, was in trade

Ur obsv is v good.. one simple layman obsv, in a wave once the color of Candle Real Bodies say white starts occuring > Black (on that T/f)

its the simplest & most basic indicator of TREND is the feeling :-)

@ S4S: do u see a -WW complete in BN / NS intra, pls ?

ankita said...

if inv h & s 5730 tgt.

sandeep said...

nobody body mentions ND sir stop loss

Sanjay Jaiswal said...

Dear Ilango Sir & Blogmates,

OI Table Update at 1:00PM, Pivot-5776, S1-5743, S2-5714, ATP-5715, VWAP-5715

A repeat of yesterday, but now with 5700CE, 20 lacs added for the day, up-move if any will be short lived one. Sell on rallies….

Thanks & Regards

prakashbkc said...

Till now any hr closing is not below 5700
Has anybody observing this ?

Any significance of such kind of movement?

Guru - Trading Nirvana said...

Prakashbkc -- yes and also good volumes to support that number, lets c...

rock said...

Hi chetas good observation..im also observing same issue..in fact i won our blog expiry contest by using same formula(http://tradeinniftyonly.blogspot.com/2012/01/nifty-uptrending-ends-settlement-firm.html)...

sandeep said...

dear master u say to us to trust ourself fine but u do not update charts that becomes problem because we depend on charts as we do not have any tools . so pl consider this as request

Jagan said...

Namaste Ilango Sir And All.

@ Sandeep Sir.

Whenever a break out occurs Days High and Days Lows is SL
for ND Sir's ATR.

Guru - Trading Nirvana said...

Sandeep - Charts are updated along with TT (latest 1.00Pm)... moreover, I would suggest "you" to manually update the excel provided by master. this will bring in more confidence.. trust me, i am actually doing it now and feeling the difference...

peg hall said...
This comment has been removed by the author.
anand said...

India Vix heading up (19.5 +) and 2:30 Approaching.
Fast fall expected now and if 5690 is not saved for 5 waves to be completed (as mentioned in chart), should we see new lows for the day?

Parimal said...

Hello BB
look at the TataSteel chart, due to positive divergence on hrly, a rise is given and now fully sold out. be with the trend.

bb said...

Hi Parimal,
Question is where will it stop falling?

Parimal said...

Dear BB
TataSteel: when day chart will have positive divergence and end of 5-waves along with other TT components.

suresh said...

ns if < 5696 then watch for a fall (expcted)
till 5647

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