Monday, July 29, 2013

Nifty Intraday Update-I


Ilango said...

@ Anandha,

ST EW labels could change in a strongly trending market; they are to be read with TA & TT.

Ilango said...


I do not know the reasons for the premium.

I do not wish to know it also.

All I want to know is already in the spot prices and it has led me quite well.

J.R.Julius said...

Camarilla Follow up
Nifty Spot : Scenario#3
L3@5866 ↑
L4@5845 ↓

R.S. SUNDARAM said...

Thank you sir for immediate reply

gauresh59 said...

I’m back, thanks for the love and affection shown by all blogmates.

Thank you ilango sir for blessings me much more than I deserve.
Your mail to Mrs. Reshma definitely proved very much encouraging this time when she had got frightened too much with my repetitive severe fever which went above 5°F.
You wrote her : “Trust in God and whatever is happening, is happening for a reason.
Testing times are to strengthen yourselves.” She just used to read your mail several times during the days of fever and we noticed the positive effects of wordings.
And once again we both visualized the power of blessings and these encouraging words.

gauresh59 said...

Namasthe ilango sir and friends,

Today’s quote received :

May your day be filled with blessings,
Like the sun that lights the sky,
And may you always have courage
to spread your wings and fly.

m.veerasamy Maruthai said...


CDG said...

Dear Ilango,
considering the strong down trend and a 3rd of iii coming, 5651 can also be attempted in next 2 days. Don't you think.

Anandha said...

@Julius sir

CAM gave buy@ 10:20AM.
Shoul we trail with SL@5846?

Anand Kumar said...

Dear Ilango Sir,
Can you please expedite on reliance industries.

J.R.Julius said...

Yes! If L3 BUY done SL is 5846.

J.R.Julius said...

Previous Msg of mine gone to Spam!
If L3 BUY done at 5866 the SL is 5846.

Prithvi Chidambaram said...

can anyone have ND sir's blog address
or tell me ATR price Buy sell zone with sl

Prakash said...

Prithvi ji may be its helpful for u

Jitendra Mishra said...

respected julius sir its a downtrend market since all 5ema r broken we should sit tight with sl as sir has always told to follow the market not predict .sir i m new to all this study hence as far as i know we should wait for positive signal in hr chart like positive divergence till then just follow. sir it will add to my knowledge of learning if u explain me the reason of buy thanks

Nifty Simba said...

A very good +ww IN 2/5 m chart....expect 910 or more today...............

Sanjay Jaiswal said...

Dear Ilango Sir & Blogmates,

OI Table Update at 11:00AM, Pivot-5936, S1-5897, R1-5964, VWAP-5906

5900PE writers holding on, though NS is trading below it, huge resistance for the day building up 5900-6000, upside for the day seems limited…

Thanks & Regards

Piyush Sharda said...

as i see considering 5970-5920 as a , 1.38 is done
at 5851. it shud break to keep downtrend
going else upside risk of irregular flat?

dharmu mishra said...

dear julius sir i was watching Neuro-linguistic Programming(NLP), Hypnosis, Meditation, Law of Attraction & Metapsychics . You r superb sir we r always guided by ur market study pls do share sometime of ur meditation tech and NLP since these r of my interest great to know such a multi talented person like u.

ITradeForProfit Daily said...


ND Sir's ATR levels can be accessed at

Jigar said...

@ Jitendra Mishra,

As far as I understand the reason for buy is just because Camarilla system triggered a buy and Mr. Julius follows Camarilla system.

Either you follow a system in its original form OR you add different tools and use the combination of all and take a trade when most of them are pointing in one direction ( this is what most experienced traders do ).

So if someone is following Camarilla in its pure form he would have bought at 5866.

J.R.Julius said...
This comment has been removed by the author.
J.R.Julius said...

Camarilla Follow up
If 10.20am L3 entry done SL hit.

Prabakar said...

Namaste Ilango Sir & JN Family

Anandha said...

Julius sir, It looks nifty took support at 5845 levels ?

RS said...

Can somebody please lemme know where can I find writeup on ND Sir's ATR method


J.R.Julius said...

Yes, need penetration to confirm entry/sit on hand with 2 levels is strategy now.

SJkolkata said...

Huge buying of 6000 calls observed.
Does it go with any study or wave. What I feel from your counts the C(i) can end anytime and C(ii) up can start.
Thanks and Regards,

J.R.Julius said...


Here is a brief explanation of my theory.

The ATR (Average True Range) is formed when the Nifty forms daily lows and highs. The range expands and contracts during daily trades, thus reflecting the strength or weakness amongst the Bulls and the Bears. This formula attempts to measure this ability of the Bulls/Bears to expand the range in their favor.

Bears become weak in the zone of PC-0.5ATR to PC-0.75ATR which I term as the Buy Zone. The SL for this trade is PC-0.80 ATR which I term as the Breakdown point. The target for this breakdown is DH-1.5ATR.

Conversely, Bulls become weak in the zone of PC+0.5ATR to PC+0.75ATR which I term as the Sell zone. The SL for this trade is PC+0.80ATR which I term as the Breakout point. The target for this breakout is DL+1.5ATR.

PC is the previous day's close.
DH is the current day's high established at the time of breakdown.
DL is the current day's low established at the time of breakout.

Hope this helps.

J.R.Julius said...

Courtesy : Mr. Nilesh Deshpande

RS said...

@ Julius Ji,
Thanks a bunch

vksoni said...

ilango sir
5 wave done from 5920?

J.R.Julius said...

You can get the ATR trading excel at Google Groups JN. or Send me a mail. Best Wishes.

Tushar said...

Hello SJkolkata ,I dont have much knowledge about Options, I wish to know how we can identify that if it is a buying in option or writing ?
Thanks for your reply.

shree said...

Master where you expect 3rd of iii?

RS said...

@ Julius Sir,

Mail sent at

Ilango said...

"5843", 10 mth sma could give a pause.

If breaks 5843, it would be WLEma/ Mth JNSAR.

Resistances would be around 5900+

deepak pinto said...

The downward pressure is sustained.
The 200 dma may give a decent bounce. As we are getting into os territory in smaller tf.

Anandha said...

Dont know whether every one observed or not. 5900 CE or 600o CE price is not falling along with nifty in last 1 hour. However nifty is correcting, Call option price is not falling.Option expers, Do you think it is unwinding of shorts on calls happening? Did not check OI.

SJkolkata said...

This is very subjective.
What I have written is my sheer observation of price movements on screen. And for any kind of observations like this, I would first like to see the overall TA and TT and than take a position with TSL.
In general per lance I only observe the price movement with OI change and OI increase with +ve bias, I give credit to buyers first until the WAP is not broken.

Sanjay Jaiswal said...


Premiums not decreasing because INDIA VIX is on the rise and is up 9.06% right now :)

Anandha said...

@ Ilango & Sanjay

Where can we see resistance & support for Intraday ?I mean, above what price can we see strength and below what level we see more bearish ?

Tushar said...

Thank you very much SJkolkata.

shriram said...

GM Master & JN Family,

Have a gr8 day ahead !

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