Monday, June 24, 2013

Nifty Intraday Update-III


21 comments:

Raghavendra said...

Dear All,

ATR breakdown today : Intra day target at 5515 - 5520.

Not sure if we will achieve it as the breakdown happened after 2 PM.

Raghavendra

vksoni said...
This comment has been removed by the author.
Renju S said...

Ilango ji,

Can we say a 5th wave is in progress from 5860 in 30 min chart?

Thanks
Renju.s

A J said...

Crorepathi and SBSB
Will checkout that blog, though I like simplicity.
But I don't understand what's "vedic tech" about Kedarnath (you mean temple construction?)

Ilango said...

@ Renju S,

It resembles a vth wave from the fall of 5863 and has entered the pause zone of "5548-83".

However, one needs to be cautious of "sub-dividing waves which can trap traders". Hence, any attempt to play counter trend moves should be restricted to "intraday only".

Ilango said...

@ Renju S,,

You could also monitor the retrace of last fall from 5624 to 5566.

5595-5602-50%-61.8%; 5612 being the 80%.

Ilango said...

This is one of the best trailing method.

Guru - Trading Nirvana said...

INDIA VIX 21.25 up by 11.66 %

Sahil said...

Now the patience required will be tested.

Renju S said...

Ilango ji,

Thanks...simply loving it...both the approach and how to look at various price action possibilities.

Thanks
Renju.s

Sujatha said...

sir,

this kind of fall may create"+ve div" on daily chart??? i feel 5585 will protect on EOD basis

Nilesh Patil said...

@DR Sir,
Pls come and save the bulls.

Raghavendra said...

Sujatha Madam,

RSI Positive divergence on 9 day and 14 day is already present based on 20th and 21st Price actions too.

Raghavendra

Amol Sharma said...

much more downside. need more 100 points.

Sujatha said...
This comment has been removed by the author.
Sujatha said...

crude + nifty - equally moving ??? :) almost including today's low slight difference

Ilango said...

3.00PM TT & Chart Updated.

Sujatha said...

raghavendra - tks

nilesh ji - mm..very tough if 5585 not protected on EOD basis. still nifty-bears romance is strong :P when the relationship will break?? :) count the fibonnaci week

Raghavendra said...

Sujatha madam,

Also add the 89 Week EMA at 5575-5585.

Price bounced from this EMA in April (Weekly closing basis of 5522)

Raghavendra

sarvesh said...

reliance closing at highest point of the day..nifty hitting its support zone..might be the end of short term pain..no trade today..complete failure..

good afternoon, sir!the quote you mentioned by jesse livermore haunted me like anything today...

Post a Comment