Friday, July 26, 2013

Nifty Intraday Update-I


41 comments:

J.R.Julius said...

Good Morning Sir & Blog-Mates,
Have a Happy and Prosperous Day. ♥
-
Camarilla Keylevels - Nifty Spot
H4@5959 ↑
H3@5933 ↓
L3@5882 ↑
L4@5856 ↓

Trade Wisely & Get Rich Steadily.

shriram said...

GM Master & JN Family,

Day for Week Trend to show its hand ...

hv a gr8 day ahead !

sarvesh said...

shriram ji, then nifty shall be like the dialogue of prithvi raj kapur,,
yeh week trend tumhein girne nahiin dega aur down trend tumhein uthne nahiin dega , anarkali, nifty!!

Ilango said...

@ Piyush Sharda,

Last month both BN & Nifty completed evening star patterns.

While BN's 3rd candle of Evening star closed well below the middle point of the 1st candle, it did not happen in the case of Nifty.

Accordingly, the pattern had a strong effect on BN which shed 1000 points while Nifty ended up as having a "Stalemate" kind of situation. It was clearly marked at the start of the month in both "JustNifty TA" and "BankNifty TA" files uploaded in the JNgroup.

Today's price close in Nifty would confirm whether the "Evening star pattern" that has developed in Nifty during the last 3 weeks is a valid one or a failed one. Hence, the middle point of 1st week candle @ 5921 is also crucial.

dharmu mishra said...

respected llango sir its a request why not we arrange a contest everyday for its close of end of day but participants should gv an explanation for why they think of there level. i feel with reasoning explanation by seniors it will help new learner like me to learn the way of approach thanks

sarvesh said...

Good morning, Master!!

is it always a high probability in an ABC that if A unfolds in 5 then C also would unfold the same way?? and if it unfolds in 3 then it shall follow..both being impulses?

Piyush Sharda said...

thanx for reply jvr

i think i found the answer.previous candle body 5833 6009 . mid point 5921

Prabakar said...

Namaste Ilango sir & JN Family

shriram said...

sarvesh

and we r salims stuck in b/twn ;-)

sarvesh said...

shriram ji, i second that!!!

Piyush Sharda said...

thanks for the detailed reply sir

sarvesh said...

shri ram ji, can you answer the question i asked sir about,,,??

leon said...

Dear Sir/ Friends

I am not clear if I follow the EW label given above (I am trying to learn EW, hence ignore if found too basic or completely idiotic):

My understanding is that 3rd wave should be greater than 1st or 5th. Hence can this be the possible labeling:

From 6093:
1.1 - 6093-5962 - 131
1.2 - 5962-5998 - 36
1.3 - 5998-xxx. Should greater than 131. Can go to around 5850
1.4 - to some value
1.5 - Comes around 5803.

Kiran said...

ABC retrace might have been completed.
A 5896-5943
B 5943-5914
C 5914-5944(Done or still running).


Anandha said...

GM Ilango sir.

Is there a probability that Nifty see the levels of 5970 - 5975 which is low of (i) of 1 of C?
Lead indicator shows highly over sold.

shriram said...

Sarvesh:

is it always a high probability in an ABC that if A unfolds in 5 then C also would unfold the same way??

Ans: If A is a 5wave IMPULSE, C will most prolly do 5wave Impulse or do a CT (ED 3-3-3-3-3)

and if it unfolds in 3 then it shall follow..both being impulses?
Ans: If A is a 3, C will still do either a 5wave IMPULSE or can do a CT/ED

Many times FLATs can morph into WXY or Complex Combos in such cases every wave is a 3 !

sarvesh said...

thank you, shriram ji

shree said...

Cam L3.....S1.....5803 to 6093 73%..all around 5880......

Prakash said...

thax shriram sir

Kiran said...

SBIN 10:00 to 11:00, almost all candles are black on 5-min chart, 15-min chart.

Sanjay Jaiswal said...

Dear Ilango Sir & Blogmates,

OI Table Update at 11:00AM, Pivot-5970, S1-5910, R1-6004, VWAP-5958

Bulls trying to develop support around 5900-5800 level at the start of the series and Bears adding at 6000CE, range bound trade for the day…

Thanks & Regards

Ilango said...

11.00AM TT & Chart Updated.

Pre-Mkts' "5942+ resisted;

Moving towards lower levels discussed.

EW's objectivity leads you well.

AimNifty said...

@Sanjay Jaiswal,

Big premium of 35 points in nifty futures. Any specific comment on that?

Ilango said...

Above "5915", (iv)th wave is still on.

Guru - Trading Nirvana said...

Good Morning Master and friends.. have a great and Prosperous day ahead!!...Was not in station, now back to action!! :)

Anandha said...

Sir,

Probable end of vth could be at around 5870 ?

shriram said...

Master,

5waves done intra on BN ??

Okay said...

Master
A request please,
Could you please reiterate the nifty EW proabable counts. It would be really helpful.

Regards
Deepak

Manish said...

"iv"th on above Hlema 5915 may seek 5946

Anandha said...

iv looks done @5951.75 with 3 sub waves and 3rd subwave end being a pin bar in 5 minutes chart.

Anandha said...

levels I posted are of August Nifty Futures. iv looks done @5951.75 with pin bar reversal.

Ilango said...

@ shriram,

We clarified it yesterday with validation & invalidation points.

It is in the middle of the steep fall; only a move past 10700 would negate it.

chetan said...

i think ivth is 38% of 5944 to 5898. am i correct master?

Ilango said...

@ Okay,

Enough labeling is there in "JustNifty TA" file and in "Intraday updates".

Presently, only one option is being followed & also labeled.

shriram said...

Master,

intra sir..

From days hi to now, have we finished a 5fifer?

Ilango said...

@ shriram,

It looks like a 5; but I'll be very cautious considering the strong trend.

hitu said...

ananda-5888-5817 is a gap support,so end of v can be in betwwen this range.master can give some idea.

Ilango said...

In Nifty, 5944.25 to 5897.80 is 1st wave down in its (v)th.
2nd wave done @ 5918.10

3rd wave is on.

shree said...

New low on spot and NF toooo...but not new high in 6000 pe......

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