Wednesday, July 31, 2013

Nifty Intraday Update-I


57 comments:

gauresh59 said...

Namasthe ilango sir and friends,

Today’s quote received :

Love is a happy thing.
It makes us laugh.
It makes us sing
It makes us sad.
It makes us cry.
It makes us seek the reasons.
It makes us take.
It makes us give.
Above all it makes us live.

Okay said...

Thanks for the probable sub-labels Master.

Rajaram'z said...

Julius Sir, What is AMI?

Kiran said...

@Rajaram'z
AMI= Amibroker.

varun kumar said...

@Julius sir,

Ok sir, Aye

IndieTech said...

Master: was going to ask about the possibility of iv ending yesterday itself - 'blue labels' by your self in this post. If iv wave possibly ended y'day - what could be possible target for "v th" wave? Also, with end of "v th" can we say "C" wave has ended?
Keeping a firm eye on TT to see if thats a workable count.

Rajaram'z said...

Julius sir/Seniors,

Can someone explain on how to do market profiling, is there any links that we can check.

deepak pinto said...

Sir
Now two nos are important.
5619 important tl support
5747 the high of the gap.
Between these the lower can be looked at as target and upper as sl.
Of all the nos in the index 5215 is the most important
Currently and is the divider between the bu and brs .

Prabakar said...

Namaste Ilango Sir & JN Family

varun kumar said...

@ Julius sir,

please send me some notes on Market Profile & Camarilla systems to understand in a better way after market hours. sorry for disturbing in market hours.

Thanks & Regards

Ilango said...

S2: 5674 done for the day.

More weakness only below this.

Badri said...

Friends and Ilangoji GM. Indianbank is quoting at 78/- much below its ipo price of 91/- on Feb 2007. Any other Bank quoting below its offer price?? just for interesting observation.

vintech said...

Hi.plz help me in understanding JNSAR, is their any document any one having then plz send it to 'sgpravin.tech@gmail.com', i just gone through the material at the RHS of this site, but can't understand completely... :-(, thanks..

Ilango said...

@ IndieTech,

I have put the sub-labels tentatively.

Fast falling market's prices tend to extend them selves.

I would remind myself that

After the 6229 top, Nifty fell to 5566 as "a/ i" wave.

From 5566, Nifty rose in a corrective wave to 6093 as "b/ ii".

Hence, the fall from "6093" would break below 5566 which would be an approximate month channel bottom of 5540(Ayg).

varun kumar said...

@ vintech

please read again & again sl no 6 'JNSAR TRADING METHOD' AND SL NO 8 'TECH TABLE READING' given on the right side of blog.

J.R.Julius said...

Market Profile Basics
http://www.4shared.com/office/C2CH2MtN/Market_Profile_Basics.htm

dharmu mishra said...

respected llango sir S2: 5674 done for the day.shall we now buy nifty with a sl of 5674 if yes what should b the target should it b 5740 which is lema of the hr thanks

Raghavendra said...

@ Shri Ram,

Add to that 5620 - 5630 is also current value of 89 Week EMA. Last 2 bottoms ( 5477 and 5566 ) concided with this EMA.

Another trend line joining 4770 and 5566 value is 5630.

Raghavendrfa

akki_tank007 said...

SIR

missed the bus when can i board the again or should i wait for a pull back

akki_tank007 said...

sir

can you please confirm if prices closes below MLEMA then the whole month would be a sell ?

Prabakar said...
This comment has been removed by the author.
Sandy said...

Nifty bouncing off from and important 78.2% retracement level

Ilango said...

Prices fell sharply below "5735", weekly channel support.

Now prices have found a temporary support @ S2 of pivot table-5674(actual low being 5676)

Retrace for last fall: 5761 to 5676:

5719-50%- almost done.
5729-61.8%

5744-80%, matches with day's high-5742.

Manage your intraday positions with "retracement strategy".

Remember to book profits quickly in "Counter trend trades" and keep "Selling on rises" till it gets stopped out by "retracement strategy".

dharmu mishra said...

RESPECTED llango sir if price is between lema and hema support and resistance should b played if we see for this month last day and support lema is 5660 and as nifty is supported by s2 shall we buy nifty 5674 with stop loss of 5660 and wait for positive divergane for the confirmation .i m a learner pls guide me if i m wrong or any other thing r to b considered thanks

Crorepathi said...

Sir,
Evening star in monthly close, anjayirathu era noor in Aug?

gangadhar said...

IF NIFTY CROSSES 5722 TRG 5760 &

gangadhar said...

if nifty breaks today;s low then target 5610

IndieTech said...

Thanks Master - your guidance is like a torch in a dark room.

varun kumar said...
This comment has been removed by the author.
varun kumar said...

@ ilango sir,
please re-post 'retracement strategy ' as i stucked with some doubt and could not find the same into the 'Labels" posted to right side of our blog.
Thanks & Regards

varun kumar said...

@ Julius Sir
Thanks a lot sir !

Prabakar said...

Dear Crorepathi,

First 5500 then anjayirathu era noor...)

anand said...

Sir
Good morning. With reference to your last post on intra-day retaces, I have a query.
If we are not good at such intra-day- retracement strategies (for lack of fast fingers, etc), what would be the way to develop them.
From what i have followed, this works better in a trading range market (say day closings between HEMA and LEMA) but in a trending downs, these give whipsaws, especially if we cannot scalp fast.

Please share your ideas - in spare time if not today - on how to develop this tactical aspect of intraday when combined with positions.

Jai ho !

Sanjay Jaiswal said...

Dear Ilango Sir & Blogmates,

OI Table Update at 11:00AM, Pivot-5830, S1-5755, S2-5712, VWAP-5739

A huge sell-off on open saw the index below 5700, with 5700-5800CE writers piling on the agony, but some kind of corrective should unfold for the day with upside capped below 5808, Monthly POC…

Thanks & Regards

Ilango said...

@ akki_tank007,

Everyday we post our observations in pre-market and most give clear entries for a trade coupled with few intraday comments to fine tune it.

The same is reflected in the "Trade Table" in next day's pre-market post as "a trade from following".

Even today's pre-mkt had a similar such comments.

You must learn to follow a study, a method, a strategy.

Start believing.

gangadhar said...

if it is 5th down the fast fall at opening time for reversal?

varun kumar said...

@ ilango sir,
please put some light on 'retracement strategy'
thanks @ regards

Ravi Pillai said...

@ ilango sir,
please put some light on 'retracement strategy'
thanks @ regards

My request is also the same with IntraDay perspective.

varun kumar said...

@ ilango sir,
As per my understanding,
in downtrend - re- sell @ 0.618 % with sl of 0.80%
in uptrend - re-buy @ 0.618 % with sl of 0.80 %
AM i correct sir?

akki_tank007 said...

sir

I trade with Jan sar was not able to react when the no triggered. i let my head do the thinking.

Prasad said...

Sir,
Strictly following your posts.But a query.
If 5676 holds(iii completed),how much iv likely to
retrace.(considering fed announcement tonight).
If relevant,pl reply.
Regards,
Prasad

m.veerasamy Maruthai said...

GOOD MORNING SIR AND BLOGMATES

akki_tank007 said...

sir

I trade with Jan sar was not able to react when the no triggered. i let my head do the thinking.

RainMaker said...

Badri said...

Friends and Ilangoji GM. Indianbank is quoting at 78/- much below its ipo price of 91/- on Feb 2007. Any other Bank quoting below its offer price?? just for interesting observation.
July 31, 2013 at 10:21 AM



It is very difficult to say what stock is trading below the offer price, unless one keep the a list of Offer prices.

One easier way is though, you can check the Economic Times stock price pages they underline the stocks which traded for the day below the recent offer price.

Ilango said...

Retracement strategy:

With the prices that have unfolded so far:

High risk as it is counter trend:
Buy @ 50%-61.8% of last rise 5676 to 5720 with a stop @ 80% which is

Buy @ 5693-98 with SL 5685 for a target a=c (a=44; c=+44 from b)

Low risk plan would be to sell on last fall retrace:

Last fall from 5761 to 5676

Sell @ 5719-29 with SL @ 5744 for new lows.

rose mary said...

This is called Spoon Feeding Sir :)

SJkolkata said...

Shriram,
spotting any bull flag in 2 mins?

Prithvi Chidambaram said...

Ha Ha Ha,

Master given 2 trade,

Choice are our, go to main trend, wait for 5729 for short

Prithvi Chidambaram said...

@ MASTER,

How much 'b' tgt???

varun kumar said...

@ ilango sir,
my concept is very clear now with the help of given example.
Thanks & Regards

Piyush Sharda said...

thank u sir for explaining in detail
with examples. if i put my thoughts 78%/80%
retrace is a struggle many times and prices whipsaw there and continue the move. so stop shud carry
a small filter preferably. u have earlier discussed to abt applying small filter to 80%. so 50% retrace
make stop far so 61.8 retrace better. we may miss some but so be it for better risk reward.

shriram said...

@ SJK ji:

ys... brk.out > 5705

tgts: T1: 5705+ 20 = 5725 ; T2: 5705+ 40 = 5745Ns

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