Friday, June 21, 2013

Nifty Intraday Update-II


38 comments:

J.R.Julius said...

@Sujatha,
Enna 6699 train numberaa? :p

Sujatha said...

aaaaaaaaaaa 5699

Aditya Jain said...

sir a bit confuse what is the selling level. i missed jnsar although i purposely missed i stayed out because of the meeting

Crorepathi said...

Sriram,
That's why said it's for advanced trader you could see the plight of plain vanilla JNSAR with heterogeneous traders here.

Ilango said...

Preferable re-sell area has been 21 - 34 Hr sma and in some cases LEmas with a 20 points SL.

The alternative, since JNSAR is quite far away from the current prices, is to wait for the next JNSAR Signal.

rose mary said...

Aditya,

As per sir's earlier interationcs, 21 Hr SMA or DLEMA can be used as re sell area.

Renju S said...

Ilango ji,

Can you explain more on the faster retracement part you explained in pre market view. I didnt get that clearly.

Thanks
Renju.s

STOCK4SURE said...

5683 was prev lows

5683 +/- 5 may give rest to upmove

shriram said...

@ Crore:

This word "advanced" is v subjective.

Any trade will have %prob failure, if TA is inaccurate or SL is bobbed all over the place

SAR based trading take the "thinking" out of trades, but has its weakness wen the wave turns within the lag time of the SAR on that T./f.

Again boils down to TA / ENTRY accuracy ultimately...

Sahil said...

S4S how abt day's pivot? 5686?

Ilango said...

Last major rise was 5477 to 6229 which took 26 days.(172 Hours)

The current fall from 6229 has consumed 25 days.(171 Hours at 1.00PM)

Not retracing the last rise in faster time would make it a "Corrective" and bulls would attempt a come back.

There are two zones, this attempt, could emerge.

1. At weekly channel 5615-25 - is happening today.

2. At monthly channel 5540-50, in case the above fails to hold next week.(Last week of the month)

J.R.Julius said...

Smooth movement from L3@5626↑ to H3@5686↓

amber said...

Sir ILango ji kindly update re - sell @ LEmas refers to hourly or day thnx

Ilango said...

Re-selling is preferred for the trader who has part-booked.

Nifty, from weekly channel support, assisted by oversold Hour TA has moved past "yesterday's last hour high-5665 initially and now attempting the "earlier low-5683" & the next resistance is the band of "5683-5706", the intraday sideways range of yesterday post gap down and DLEma is positioned there @ 5695.

rama balaji said...

Julius bhai,
5686ku mela close agi,then down vara venama

Ilango said...

1.00 PM TT & Chart Updated.

amber said...

sir thnx very much

Sanjay Jaiswal said...

Dear Ilango Sir & Blogmates,

OI Table Update at 1:00PM, Pivot-5680, S1-5609, R1-5719, ATP-5649, VWAP-5649

Boundary for the expiry has been set for the time being, with the ceiling at 5800 and tentative base at 5600, intra 5700 is huge resistance…

Thanks & Regards

STOCK4SURE said...

Sir,

any possibility of close near lows (may be near 5620ns)

5696 will be strong res for intraday

Ding A Dong said...

dear J.R.Julius just wanted to say thanks...

thanks for everything...

sarvesh said...

observation 50 min and 200 min ema consistently providing support in 5 day 5 min chart..does it play a role? seems like..lets see.50 ema above 200 ema and price hovering around it and moving up

SJkolkata said...

S4S,
Are you feeling or seeing of this probability?

Ilango said...

OI Table shows almost equal addition in 5700CE & PE which translates into "5700 becoming a pivot for the remaining 4 days of the settlement".

Prices would react from "5683-5706" zone. But how far...only market would reveal.

prakashbkc said...

GA Master,

I have bot June 5800PE when nifty is at 5790 on 18th,
I have squared off 40% yesterday at 3:25pm For remaining portion I want to keep SL
As,nest week is expiry how should I approach this option May I take JNSAR as SL. As I m doing such type oftrade first time in option. Any advise for me

Jay Mataji said...

In a daily chart Nifty making new low but 9dayRSI not with that

J.R.Julius said...

@Rama Balaji ji,
http://prntscr.com/1b3k2r

Ashish Agarwal said...

Ilango Ji,
Thanks for the below statements:
"Last major rise was 5477 to 6229 which took 26 days.(172 Hours)

The current fall from 6229 has consumed 25 days.(171 Hours at 1.00PM)

Not retracing the last rise in faster time would make it a "Corrective" and bulls would attempt a come back."

This has been on my mind since couple of days. Adding to the slower retrace by bear is the potential + divergence on daily in RSI and Slow MACD.

Guru - Trading Nirvana said...

@Julius ->> Just to confirm, do you use 2min for confirmation?

Parminder said...

Nifty retraced exactly from 5686 of the last rise at 80& which was at 5687

Anandha said...

@ Julius sir,
Morning itself felt going by CAMARILLA levels today. It worked out well. Nifty proved again to be a good Boy.

Tata Motors also acted well as per CAMARILLA today.

Sahil said...

61.8% and 80% retrace of the last rise: 5643 and 5631.

Market resisted at 5686 hence crucial numbers:
5664,5646, 5605-5611

Nitin Kadam said...

Trading Plan Update:-

Re-Sell Entry Zone reached. @ NS-5680 (5675NF )

Keep Trailing to cost or SL to Cost + 5 to 10 pts.

Sujatha said...

Ananda - u too a good boy hehe CAM NIFTY FUTURE L3 is 5618
low made 5617.... no need of any indicators

Sahil said...

Major fib. retrace (5477-6229) 80% at 5627...

Nitin Kadam said...

Trading Plan Update:-

Keeping atleast 20-25 pts Profitable TSL is wise strategy now.

Next Support Zone :- 5615-20.

Anandha said...

@ Sujatha & JUlius,
I observed CAMARILLA works far better after a day when Nifty have huge move in either direction.Bcz nifty gets into consolidation mode after huge move with good volitility. So Using Scenario #1 gives two opprtunities with 1 long and 1 short. Where cAM trader can gain double the move of Nifty by EOD.

Planning to use on GOLD Contracts in MCX. Still under evaluation. Scenario #1 is working there as well for last 3 days.

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