Hello Friends,My Nifty Intraday Trade Plan @ Jul 17, 2013VWAP / LTP @ 09:30 - 5985I Buy @ or Above – 5988Buying Stop Loss – 5968Buy Target 1 – 6003Buy Target 2 – 6023Buy Target 3 – 6042Buy Target 4 – 6062Buy Target 5 – 6081NO TRADE ZONE – 5968 to 5987I Sell @ or Bellow – 5967Selling Stop Loss – 5987Sell Target 1 – 5951Sell Target 2 – 5932Sell Target 3 – 5913Sell Target 4 – 5894Sell Target 5 – 5874Buying with up trend and selling with down trend at 2min chart.Entry is based on next 2min candle close above/bellow the entry price. Trading with even lots as 1 half is for Partial Booking & Trailing Stop for rest.Closing the trades based on Targets, SL or EOD, which ever comes first.Options trading based on above table is subjective.Nifty Spot Values & No Fresh Trade after 3 PM.Good day to all :-)
sir,if 6038-5911 appears to be a 3 wave then the 61.8 % sell sl 80% will it be a high prob short trade?in case of 3 wave 80% will most likely be hit
Ilango said...BN's fall from 11812 to 11066 shows a 3 sub-waves;Nifty's fall from 6038 to 5911 showed a 3 sub -waves.The crucial 5 structure is missing in these falls.July 17, 2013 at 9:55 AMGM Master Does it mean this fall is corrective one ORit mean 5 wave structure is still pending Kindly explain
5953 :- 5 Dema getting now.
Dear Sir, please chk your email. I have sent email to you.
In the absence of clear sub-wave structure, I have taken the fall from 6036(truncated high while BN made its high 11814) to 5911as the "i"st and "ii"nd is on.Only on a move past 6030, we'll reject this view.Sustaining "DLema", a bullish possibility exists of going past 6100.We'll touch upon it if prices close above DHEma.
Observe the beauty of levels.5803 to 6038 retrace 38 5949 tommorrow ob line break50 5920 todays61 5892 yesterdays.Coincidence. Destiny . Design .manipulation????.
thank u sir
@Julious Sir Mail sent
Good morning Ilango sir & all...
Dear sir,Taking yesterdays case..Fii and dii both were net sellers in cash market..around 300 cr each..Nifty opened gap down and then slowly clawed its way back..So my doubt is net net market moved up intraday and fii dii were sellers..How does this happen??
Namaste Ilango Sir & JN Family
Namasthe ilango sir and friends,Today’s quote received :Never lose your happiness.Problems will come and go,Problems are an external situationWhich have come from others,And they will come and go.Happiness is your own propertyAnd you always keep somethingThat belongs to you only.
@ Obsessive Lover,What did FII & DII buy or sell?How much weightage such stocks have on the index?Without these details, it will be a futile exercise to co-relate price moves.But the "selling" act itself adds to ST weakness as long as prices stay below recent highs.
ORB Range @ 5969 to 5988
@llango,Can't access jn group. Sending test mail.
@ Ilango Sir,One more query regarding the wave structure: Yesterday fall to 5911 was a gap down and it happened in first 10 mins after 'market open'. How to see whether it is a 5-wave fall or 3-wave fall?Thanks.
@ Sonu,Read my earlier comment @ 10.17AM.If taken from 6038, it would be a clear 3 waves.But combining BN, Nifty made a truncated high of 6036 when BN made the new high @ 11814; hence, if we take the fall from 6036, it would be a ist wave.(Sub-waves not to be looked for in such a sharp decline)
Dear Ilango Sir & Blogmates,OI Table Update at 11:00AM, Pivot-5949, S1-5865, R1-6053, ATP-5986, VWAP-5986The 6000CE and 5900PE writers the ones who have taken the lead, overhead resistance right now around 6000 and huge support at 5900, consolidation on…Thanks & Regards
GM sir nd friends sir :) today "adi madha pirappu" adi kathula ammiye parakarache, nifty konjam parandha thappu illadhane sir!!!Vidakande - yesterday's nifty future figure pls. according to you..bhv copy is showing freek quotes. tks n advance.regds
Sujatha,yesterday high and low both were freeks.Actual figures are high- 5979.70 and low - 5916.40
is jn group ad just nifty group different
nifty is above 50% of the total fall
kaduvule, i will join laterbye
master,For NS : Looking @ the behaviour of Oscill on Hr & OTM PE OI, seems wave "C.v" may have started from 5911 ysday ?Once Above > Dev.WkHi will seek St.MnHiEMA +,- 20-30 pts again ?
@ shriram,EW: in sell mode;TT: Sell on rises mode.JNSAR: Long till above 5922; traders could use the levels to "Trade their positions".
HNS in 1 Min chart. To invalidate this ns should not move above 5985Some one can confirm if I am right?
mm.. tks master,But The Hard data on Nifty spot, i.e Hr Oscill. signature & OTM CE/ PE OI adds , doesnt seem to be in line though for a fast fall on NS i mean.. will need Selling pressure & WkHIEMA to resist, to give a DIRECTIONAL MOVE here
@ Deepak PintoNovice think - CoincidenceBeliever think - DestinyTech. Analyst think - Design strugglers think - it manipulation
Resisted at 61.8 retrace level was good point to enter shorts
@ shriram,EW: As long as prices sustain 61.8% to 80% of last rise, EW suggests of another attempt at new highs. as an "abc-x-abc"(Bullish scenario). (50% done @ 5921 yesterday)TT: Remains in Sell on rises, a weakening of momentum indicated.Once prices close above DHEma, it could be the bulls in the action.OI: Presently firm @ 5900; needs to watch any unwinding or addition happening."5970" break is the 1st sign of weakness returning;"6001" break is the 1st sign of strength returning.
true master,focussing on the same, thank u :-)
resisted at 5990 with a small fall to 5975 is probably an indicator that 61% is resisting...which also probably lends authenticity to the wave count...Weekly TA might not assert itself until late tomorrow and friday ?For now seems like a godo short from 5990 onwards...
Camrilla triggered a short term sell now ! with the break of 5970
Shriram sir, Oi in 6K CE added 9 lakh If trhis addittion goes to 14 lakh then can we say bullish scenario get negated
@masterin 5 min charts 5 wave done from 5930 to 5989?thanks.
Observation in option chain..Levels which are sealed in option chain eventually give up and give up fast..In current series its 5800..This goes in sync with the big fast C wave coming up..Also BN leads Nifty..Trigger for this may be todays bernanke's speech..
@ Prakashbkc,for now the Cum. 59PE & 6k CE OI is highest.. Intra adds as u say are higher @ 6K Ce, suggesting selling pressureNeed to see how NS behaves near St.5DEMA @ 5953 & 34EMA,30mins @ 5966 , before forming a ViewAs said, 1st form a view, then search for Entry pt & then choose the right weapon (trade Instr.)
And yeah, not to forget jnsar short trigger is not far..
New Post Done.
Thanx Shriram sir for reply usually I see At any strike price if addition more than 14 lakh then strikeact as ceiling for nifty Sir , this is my observation only I may be wrong I m a slow learner