Thursday, July 25, 2013

Nifty Intraday Update-I


58 comments:

vksoni said...

Friends today is expiry and lets have a contest here. July Nifty Expiry Guessing Contest. The rules are simple- There are only 3. a) Just call out the series close for july. b) No wild guess. A reason is must. Everybody must give a expected close figure and reason for that. no range (4000-4050) ,only one figure e.g.4000 c) You need to do entry between 9:15 to 2:30, hurry up Seniors plz contribute.

Renju S said...

80% of 5925-6093 @5960

J.R.Julius said...

Good Morning Sir & Blog-Mates,
Have a Happy and Prosperous Day. ♥

-

Camarilla Keylevels - Nifty Spot
H4@6037 ↑
H3@6014 ↓
L3@5967 ↑
L4@5944 ↓

Manish said...

Let me start this time Vk

Expiry around 5970.....Nifty completed v down and abc to follow at strong resistance of 5970

Prithvi Chidambaram said...

@ Master,

Pause means trend change???

As per discussed in past

Ilango said...

Intraday strength only above "5976".

If (v)th wave is on below 5962, it should end around "5942-44"(approx).

Any fall below it would be considered as (iii) rd wave continuing.

Jigar said...

@Aijaz,

Did you check JNSAR write up ? Why so many doubts my friend ?

JNSAR triggered yesterday, so for 2 more days that is today and tomorrow SL will be JNSAR + 20 pts, and reverse trade to longs after JNSAR + 20pts.
From Monday no need of 20 pts filter, reverse you trade as soon as JNSAR hits.

Renju S said...

VKSoni Ji,

My guess 5975 - Support/resistance of previous price action, 13DEMA and also Dev Day Pivot.

Thanks,
Renju.S

Ilango said...

@ Prithvi Chidambaram,

Pause means "Pause" ( Halt in downmove during downtrend; halt in upmove in uptrend; also called consolidation)

Trend change means "Change in the trend". (From uptrend to downtrend or from downtrend to uptrend).

They are two distinctly differnent terms.

Renju S said...

@Prithvi,

Pause may not be a trend change...It can be for the MA to catch up the price action.

Thanks,
Renju.S

dharmu mishra said...

respected llango sir could u pls tell me imp of 5976 u said intraday strength above it is it because its lema daily or something else just trying to learn pls guide

Prithvi Chidambaram said...

@Master


If nifty close 6015 today than what can we do,

Take a short with Jnsar trigger sl @6027,or going long with sl of 5987???

rose mary said...

dharmu mishra,

5975 is 50% retracement to fall from 5990 to 5958.. above is strength

Adrian Jose said...

@VK Soni,

my expiry number around: 6032.16

( Target H 4 Toby Crabel Breakout Formula - Excel)

ak said...

@ prithvi
i was going to ask same thing
hope seniors will guide us

vksoni said...

@nikunj
Reason is must

Aijaz said...

Thanks very much Jigar bhai, got it now !!

Shiv Kumar P P said...

Expiry at 6028... Earlier support now resistance

Natti said...

My expiry guess 5975. Below DLEMA

dharmu mishra said...

rose mary thanks will u pls tell me why only 50% retracement considered as strength level if it is a rule i will add it in me lesson book pls confirm

ajay choudhary said...

@Ilango sir, yesterday JNSAR was 5992 but ur today sheet showing shorted yesterday @ 6008 jnsar. i follow strictly jnsar not other study as i m new to understand them.

Jaspal said...

Good Morning Master And All
Are we running a traingle of 3-3 in iv wave?

anmpatel said...

@vksoni
my no is 5970...after yesterdays large move...should be followed by doji today...
thanks

Jaspal said...

@ Master

Are we Running 3-3 traingle in iv wave, pls reply

Sanjay Jaiswal said...

Dear Ilango Sir & Blogmates,

OI Table Update at 11:00AM, Pivot-6000, S1-5963, R1-6051, ATP-5979, VWAP-5979

The 6000CE writers making sure that Expiry is at 6000 or below it, the PE writers at 6000 seems to have given up hope…

Thanks & Regards

rose mary said...

Dharu Mishra,

Not sure why 50% only; personally i rely on 61.8 & 80% levels.. to part book or re enter JNSAR positions

Ilango said...

@ ajay choudhary,

Yesterday's observations should be clear enough to sell below 6031 as well as on rises @ 6047 or 6055.

Add more teeth to your studies.

If not grown yet, stick to your method.

Why bring up a debate...??

We are advancing with experience; should we remain in kindergarten..?

Prabhanshu said...

Mine take on expiry is 5944, pause range mentioned by sir

dharmu mishra said...

rose mary thaks 4 sharing ur exp

rama balaji said...

My expiry no is 6015,Camarilla HL3 & 0.618% of 6047 to 5963

Anand Kumar said...
This comment has been removed by the author.
ajay choudhary said...

its not a debate , just a genuine query. got my answer.

ALBELA HOUSE said...

@ V K SoniJI,Expiry 5950 above WEma.

satheesh said...

Namaste Ilango Sir and all,
Sir with your permission:
@ Prithvi chidambram,

METHOD 1: Usually first two days after JNSAR triggers a 20Pt filter helps in continuing the trade. From third day onwards no filter would be applied.

Method 2: Just follow the EOD close and intitate trades based on whether JNSAR has closed above or below it.

Method 3: Trying to make possible combination using TA/EW.
Currently, today’s JNSAR – 6006
5 EDMA – 6019
5 DMA – 6021
10 DMA – 6011
If Nifty manages to close above or @ 6015 – then it would have closed above 10 DMA and Day LEMA – indicating a pause in downmove but momentum would be lacking as it closes below 5 EMA/DMA. If it closes above 6021 – then it would be above 5 DMA, 10 DMA and JNSAR – but below filter. Considering EW option - as Sir mentioned yesterday – the B wave is supposed to have completed and the C has just started yesterday. My choice would be to wait for the Filter to get trigerred if I were to reverse the trade today. Moreover today being expiry – volatility can just eat away the stoplosses – and continue its journey downwards.

So choose your method. Choice is always yours 

Prithvi Chidambaram said...

Can anyone tell me that

Bear flag tgt in bank nifty @10300

11800-10800 = 10200

shriram said...

GM Master & JN Family,

BN supports @ 10,642-19 spot. EOD close < below that & 10,300 beckons

Have a gr8 day!

magna said...

My expiry no is
6042 .62% of current fall 6094to 5958.



Renju S said...

@Prithvi Chidambaram,

Not able to get it...

What do you mean by ...
11800-10800 = 10200?

Nikunj Dharsandiya said...

@vksoni
my expiry no 6100
i am expecting final leg up (e) to abt 6120, provided 5957 hold

Anand Kumar said...

@VKSONI
ABCD: 5998-5959-5979-5940.
Hence expiry @ 5940 NS.
Regards

Prabakar said...

Until NS holds 5965-5952, intraday fall may be contained

rose mary said...

Prithvi chidambram,

If you are worrying about whipsaw because of expiry volatility, look to reduce short holdings on retracements.. reduce 1 lot on break of 80% retracement of fall from 5991 to 5958 AND reduce 1 more lot on break of 61.8% retracement of fall from 6047 to 5958.. if JNSAR with filter triggered switch to longs... if not re-enter shorts on break of important levels again...

Being expiry day, we need to manage positions.

Jigar said...

@satheesh,

Thanks for explaining !!

ak said...

@sateesh
thanks for explaining in detail

Prithvi Chidambaram said...

@Shriram,

Now this is clear that we are in wave-3 or some alt.view with you???

jagannathan said...

My expiry guess is 5939 21dma

shriram said...

@ Prithvi,

wave-3 from where?

Can be a 5th down from 11,812 nearing end as well ...

keep eyes on Aug OTM OI

Prithvi Chidambaram said...

@Shriram,

I want know about nifty's wave

Prabhanshu said...

Big fight at 5960 level.

Prabhanshu said...

Already double bottom at 5958 in 2 min chart

shriram said...

@ Prithvi,

with EW , everything is a "possibility"

So is this a w3 for sure from 6093 if ur referring, then BRUTAL HONEST ANS: I DONT KNOW AS OF NOW !

Hard Data gets pref. for ST set-ups to me. EW lables will not enjoy that priority

madamuniramaiah said...




WEEKLY suport 1 @ 5939 so my
EPIRY IS 5940
THANKS


Iris said...

Master

Pls reply to my query regarding wave structure as time permits.

May be my questions are too stupid but your feedback will help me learn more.

Prabhanshu said...

Can someone tell me how to manage sl in NF based on NS price. Frequent Change in Nf premium may hit my sl sometime.

SGRaman said...

My expiry guess: 5970.(spot)
Reason: Since yesterday NIFTY has spent most of its time around this level. In the weekly chart, end of last week, MACD gave buy signal.

Sandy said...

Hourly is sufficiently OS.

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