Thursday, July 18, 2013

Nifty Intraday Update-I


rose mary said...

Trading Plan
BUY 12.5% @ 6006 with SL 5981
Add 12.5% on break of 6042
Add 50-75% more on break of 6096 (plan for converting to positional trade)


BUY 12.5% @ 5945 with SAR 5921 (reverse with 100% quantity as JNSAR triggered)

Note: Currently having no positions, trying to catch JNSAR train :)

Sandeep Koppula said...

Good morning Master and other noblemen!

When was the last time BankNifty(dangerously bearish, below MLEMA) and Nifty(topping out) displayed this kind of extreme behavior ALONG WITH or some other sectors(defensives such as FMCG, pharma) trying to hold Nifty up?

Seems like the last final burst to pull the retail junta into believing (or fooling??) that they can hide their money in few sectors irrespective of the valuations.


Gurus of JN who have experienced complete market cycles,
Please summarize these kind of discrepancies and sector rotations in the last 20 years?


ankita said...

kya prev low bhi todega?

Sandeep Koppula said...
This comment has been removed by the author.
m.veerasamy Maruthai said...


shriram said...

GM Master & JN Family,

BN below 10,829 spot i.e ysdays Swing low per DOW THEORY, next tgt is fibbo @ 10,619 ..

ZZ wave Channel RES now @ 11,250 spot

have a gr8 day !

Prabakar said...

Namaste Ilango Sir & JN Family

BNF heading toward 10788 & if continues to fall then may expect 10125.. based on previous support & Resistances

Sonu said...

@ Sir

21HrSMA and 34HrSMA are converging and currently lending support.

How to interpret this situation? How much importance should be given to these SMAs if they are converging, such as now?

Prabakar said...

If 10840 BNF is held, seems a possibility of intraday upmove

Ilango said...

Please ignore "Intruders' comments";

Go by your own observations supported by senior's contributions here.

These intruders have low self-esteem and come here for validation of their self worth.

Yesterday, they were peddling real estate;

Today they peddle in stock markets.

Fickle minded should never be trusted.

Become independent.

It is fairly easy.

Sonu said...

@ Shriram Sir,

Yesterday you mentioned:

Oscill. suggest 5990-5928 fall may be corrective in nature.

If Dev.Dlo Supports @ 5918 NS & 59PE OI is stable, casino game enrty is ON.

I am learning TA. Yesterday I noticed that Oscill is one of your forte. Would you kindly share some knowledge on reading Ocsill and how you draw the above conclusion?

Many thanks in advance.

Nitin Kadam said...

Today's Support & Resistances :-

Support :- 5955-5920-5870-5840-5795
Resistances :- 6000-6030-6090.

Bulls will come back if closes above DHEMA+20(5995).

Bears will rule below DLEMA-20(5895).

If this range (5895-5995) is not resolved then play the range or stay away till break-out/down.

Trend : UP .


Caution: Volatile market expected.

BUY Re-Entry Trade :

I) 5940-50.

Maintain max. 20 Pts. SL.

Positional Shorts Only Below 5870.

Happy disciplined trading to all!
Have a nice day!!

shriram said...

@ Sonu:

Am also learning TA :-)

Sincere Study of Rocket Science for Traders, by JOHN F.EHLERS ,

single window system for admission to Trading Nirvana Univ. !

Sanjay Jaiswal said...

Dear Ilango Sir & Blogmates,

OI Table Update at 11:00AM, Pivot-5967, S1-5936, R1-6002, ATP-5992, VWAP-5992

The PE writers have made it sure that the Index don't go much below 5900 for the series, intra dips if any will be bought…

Thanks & Regards

Ilango said...

@ Sonu ,

Presently these two smas are @ 5974-77 and intraday low is @ 5976.

Break of it would lead to falls.

Sustaining it, prices could attempt 6013-25 or higher.

That is how much this convergence relevance.

shriram said...

infact @ the cutting edge of TA.. there r Algo-trading researchers @ NYU Stern,

who r into exploring Genetic / Evolutionary Algorithms to search for Global Maxima /Minima in a Data Set.

Still others r trying to apply Bayes Statistics to find Hi-prob ENTRY Triggers.

Some ppl r even exploring Quantum Physics to apply to Stock market prediction-modelling

basically, we r just @ the tip of this huge vast ICE BERG that is TA :-)

Sanjay Jaiswal said...

@ Friends - Bank Nifty Spot Yearly Profile View:

Sanjay Jaiswal said...

Namaste Ilango Sir,

Seems like my Intra OI View at 11:00 AM has gone to SPAM :)

Thanks & Regards

suresh said...

shriram ji,
could u please give pdf link for the book
written by John

Manish said...

Hello shriram

Would it be possible for you to upload the book by JOHN EHLERS in JN group ?

gauresh59 said...

Namasthe ilango sir and friends,

Today’s quote received :

Life is Beautiful.
One Day, One Hour and One Minute
Will not come again in your entire life.
Avoid Fights, Anger
And Speak Lovely to Every Person.

shriram said...

have uploaded on, link is this.

Its a top-seller @ Wiley Finance Publication.

Also can download all his papers / seminal algos @ this link

CDG said...

Dear Ilango,
I am a silent follower of your blog and you might have noticed just raise occasional queries directed to you.

But today i had observed something which i thought to bring to your immediate notice. I find that there is a huge -Ve divergence in RSI (14 period) and even at current price it has triggered its signal line.

Thanks and Regards

Sujatha said...

Y this kolaveri grinding??? grinding for a "wedding meals"???? veg or non-veg?? anybody

Srinivasan Krishnamoorthy said...

why don't you screen those "intruders" for the interest of others?

ITradeForProfit Daily said...


Download it from here

Sandeep Koppula said...

@ Shriram/ Master,

Here's my share of contribution to JN Group and learners: 1-2 GB collection of COMPLETE Finance ebooks. It might also contain e-Books that I used for my CFA exam.


jagannathan said...

You are correct.But we can concentrate only on pre market view and sirs comments

Sujatha said...

என்ன சார் நீங்க நம்மால பாகிஸ்தான் சீனா நேபாள் னுட்டு எதையுமே தடுக்க முடியல இங்க என்னத்த பண்ண hehe :) sir yevalothan pakkarathu

Guru - Trading Nirvana said...

@Sandeep - Thanks a ton.. thats a whole lots of books :) wish I could be Rajini of Robot to scan it to my head :P ... Thanks once again..

SJkolkata said...

For everyones interest, can you please tell, you wanna go up the hill or drive the Ferrari down.

Ilango said...

Prices are being pressed to keep it below all HEmas at this hour.

shriram said...

@ Sandeep Koppula:

its a Fab collection of books , u hv there !

Thank you :-)

Sujatha said...
This comment has been removed by the author.
Sonu said...
This comment has been removed by the author.
rama balaji said...

its not wedding feast, aadi feast,prior to 1st aadivelli

NVE said...

ILANGO SIR Mkt May test 5940 if it breaks 5960

NVE said...

To day Reliance is not at all supporting NIFTY and selling pressure is clear at 5996-6004, Buy only above 6006 for TGT - 6033, SELL Below 5968,SL-5996,TGT - 5944

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