Tuesday, June 18, 2013

Nifty Intraday Update-II


47 comments:

rajapvt said...

scary predictions after JNSAR attempting long side.

STOCK4SURE said...

also a small channel is developing in ns 2 min charts

if 5830ns (lower T/L)is held then may move up towards 5855 ns levels(upper T/L)

cmp 5834ns

sarvesh said...

almost 2 hours in 10 points range..

Atharva said...

Gm to all : JNsar hit and after long time mkt has failed to give a trending move.. Always it has been noticed that most of the time we get gap opening and it moves swiftly in the trending move.. Earlier master mentioned if we dont cross 1st wave low 5870-5884 then momentum will be gathered or else I think JNSAR will give whipsaw...

Nilesh Patil said...

@Master,
Is Long term Bullish count still valid?

shriram said...

Master,

Does this look like a ZZ done @ 5863-5855, to be confirmed < DloEMA ?

or, is this rise just "A/i", sir?

shriram said...

* pl read as 5683-5855

STOCK4SURE said...

a small +WW developing now in 2 min charts

cmp 5825ns

may have formed pt5 and now may move up towards 5844ns near 1.30pm

Kiran said...

NIFTY, BankNifty, CNXIT and CNX MidCap all are NR7 day as of now.

PRAKI73 said...

Ilango sir PM view..
Nifty near its 61.8% of its last fall(5972 to 5683)-5862 and the cluster starting point of 5870.
For supports monitor the retrace of the last rise from 5683 to 5855 and "5777-5797" zone.
For Intraday traders, weakness below 5840 with minor supports @ 5811 & 5797.

So for upward move....It has to cross 5840

STOCK4SURE said...

is this a bigger channel now developing in ns b/w 5843 and 5815 ????///

PRAKI73 said...

Minor support came at 5811...this is breaking

PRAKI73 said...

Overall this did not break JNSAR filter @5805...Long trend continues..

STOCK4SURE said...

@shriram

is this a valid +WW pattern

5818-5855-5815-5843-5809-???(5864)till tomorrow

STOCK4SURE said...

5809 is support of lower T/L of larger channel sloping upwards

5825-5770-5855-5809

shriram said...

@ S4S:

if lookin to combine with EW to get a accurate lable on the WW ....

Pt1 should be Start or end of a wave.. 5818 is in-betwn Narov Kunjarova types :-)

J.R.Julius said...

L3@5827 ↑
L4@5803 ↓

Piyush Sharda said...

point can be 5829 yesterday

Guru - Trading Nirvana said...

@Crorepathi -- Bhel Puri...??? ha ha ha, I remembered the chat shop guy next to my house... :P

Piyush Sharda said...

@shriram/other wolfe followers
can u explain symmetrical/asymetrical wolfe

Piyush Sharda said...

@crorepati
bhel puri is cheap. buying levels are close.

The_Unprejudiced_Observer said...

@ AMNPATEL
Wish you and your family all the Best.
Situation handled well.
You said it rightly.. The Saturday Posts of Ilango ji is a treasure for the Soul.

Crorepathi said...

Ok agreed PS...
now my call changes to

Buy Dahi Papdi chat :)

Ilango said...

@ shriram,

"a" may have been done @ 5825 (17th 10.00AM)
"b" unfolded as a "running kind", done @ 5808;
"c" unfolding, provided 5800 is held.

suraj804 said...

Good Afternoon Ilango Sir and All Friends

STOCK4SURE said...

a small +WW developing in BN charts
trgt 11970 till tomorrow

sanjay singhania said...

i think nifty will start a move to downward direction till 5650 ns tgt from cmp

suraj804 said...

Dear Anmpatel Ji,

Wishing good to you and & your family. May God always help you in tough times.

Regards
Arvind

STOCK4SURE said...

strength in nifty sustaining abv 5838ns

sarvesh said...

respected sir, if this is c and it equals a is 5683-5825= 142 points..does that mean c should be 5808+142 = 5950..should this be the target , if 5800 is protected..your view is needed.

sir being busy, shriram can you guide on this please.

shriram said...

tks master,

@ Piysuh:

can u come out with the various EW forms where a WW can be formed ? load it on googlegroups. as said single-mind ideation has limitations...

wot S4S is hinting @ is 1-3 shud be min = 3-5 , ideally 1/2 length

Raghavendra said...

Dear All,

Nifty intra day observations on Google finance charts on 30 min and 2 mins charts.

After taking support at 30 min - 68 EMA or 1 hr - 34 EMA at 5810, Nifty is now rebounding to intra day resistance at 5840.

A potential inverse head and shoulder pattern is visible on 2 min chart with breakout level at 5840. Breakout target = 5870-5880.

Raghavendra

shriram said...

@ Sarvesh:

Tho fibbo these days doesnt give exact figs. (as waveforms r distorting due to changing market behaviour)

Cmin = 0.618xA per classic EW

lookin @ intra Charts, seems a simple Inv.HNS is forming tgts 5865-75

sarvesh said...

@ shriram,that mean .618*142 gives 5895..lets see will book one lot at 5870 though

sarvesh said...

@ shriram,if you get time, can you please guide about the min and max of B wrt to A.

sarvesh said...

5840 level's tussel is worth watching

Raghavendra said...

@ Shriram,

Quick question :

If "B" is an irregular flat per Master's count : 5825 - 5770 - 5855 - 5808.

Will "C" then be 1.618 X "A" ?

Raghavendra

Piyush Sharda said...

thanx shriram,
wolfe is independently a good tool. i dont understand why u want to merge. when we merge tools
we get high probablity entries but also remember we create an impediment bcos we take trades when both confirm. what if only 1 confirms and we miss a good trade. and personally speaking i use very less ew these days because i believe that markets print 12345 and wxyxz in such similar fashion that it becomes very difficult to remain objective (atleast for me)

shriram said...

@ Sarvesh:

again ur asssuming c started from 5815 , it may hv also started from 5770.. pl keep lower tgts in mind 1st

coming to "b" wave options are:

1. in a ZZ : b does < 80% xa
2. in a Regular FLAT : b does >80% , < 104%xa
3. in an Irreg. / Xpanded FLAT: b upto 138.2%xa

Nowdays, these fibo rules are getting routinely violated.

so pls concentrate on Channels & FORMs of pattern also

Parimal said...

Todays opening gap has been filled up

J.R.Julius said...

L3[BUY]@5827 reached partbooking price@5847.

sarvesh said...

seems like C impulsive

Parimal said...

BN needs to close above 12000 to boost the moral of Nifty

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