Friday, July 5, 2013

Nifty Intraday Update-I


39 comments:

Hemant Harke said...

-WW
http://i.imgur.com/PVE1x40.png

Anandha said...

Hemant Harke, Time taken from 1 - 3 and 3 - 5 does not satisfy -WW.

Correct me if I'm wrong.

SAM said...

@Jitendra Mishra I am sorry but I do not want to demoralize you...

But trading in NIFTY INTRADY ... and that too with 3400/- Capital is dangerous.....

One trade gone wrong and you can not trade nest trade...

Hemant Harke said...

@Anandha
I never worked out WW with time
this WW matches with sir's 1st option

Prabhanshu said...

Hi JRJ,
H3- 5876 due to gap up?

Anandha said...

@ Julius sir,

Any change in CAM levels ?

sandeep said...

gm , master dr ji julius ji n all

Prabhanshu said...

HL5  5946.79
HL4 5921.40
HL3 5906.10
LL3 5875.50
LL4 5860.20
LL5 5834.81
??

Amol Sharma said...

Today first half Intraday move not able to understand so watching retrace-ment as sir said.

J.R.Julius said...

@Mr.Anandha,
Extended Levels
XH4@5922 ↑
XH3@5905 ↓
XL3@5871 ↑
XL4@5854 ↓

*Individual Observation & Independent Decision Advised.

Amol Sharma said...

5848.2 - 5852.30 looks like Island area. I am right ????
I think nifty will move towards this area soon.

Ilango said...

Strength "again" above "5895", 80% of "5900 to 5872".

Weakness below "5856-58", so many critical numbers in TT.

Intraday major support @ 5828-32(200dsma/ WEma)

SAM said...

Low Volumes... on JN today

Kiran said...

AxisBank on big run Today...

Ilango said...

11.00AM TT & Chart Updated.

Ilango said...

Only if it is a zigzag correction from day's high, 5895, 80% is relevant.

If it is a "Flat", prices may stagnate between "5866-5905" before a decisive move.

Iris said...

Has anybody noticed 5300 PE prices. Trading at yesterday close prices instead of such Gap up. Any comments from option expert ?

Guru - Trading Nirvana said...

Good Morning Master and Friends.....in two days I traveled 500 odd KMS from TN to KTK.. looks like NS too following me :)

Nilesh Patil said...

@SAM,
Everybody is watching that when movement will come? when we get a good setup to trade?

STOCK4SURE said...

WHema at 5924

nifty may possibly close near it today for trapping bulls(as a -WW developing in 30 min charts and days high may form pt5

trgt price may be 5760-70 range next week

SAM said...

Thats.... true... Nileshji..

Kumar said...

@ Iris,

It is the nature of the OTM PE....And they are expecting the market would come down...if someone enters at the current level then they would caught...

Be careful before enter into the OTM PE...

If you watch, most of the OTM PE went low and immediately bounced...

When the market touches the HIGH ...that time enter into this ....It is 10000% danger but it would give nice returns...when you get 10% returns then sold immediately...

Since this is the rangebound market and hugh gap up in the bear market.....everyone is expecting to come down...who knows nifty can touch 5868(Month EMA)...Yday you had seen the volatility of the market.

I am not an option expert...just sharing my views...

Have a Good Day

shriram said...

beautiful -WWs forming in BN and NS

suspected pt 5 in BN ruffly near 11,540-60 spot

lets c , near 1pm if so, might be great place to go contra short

Iris said...

Thanks Kumar Sir

I missed the opportunity to buy 5300 PE today at 2.70. was driving that time. would have given excellent profit today.

Better luck next time. As master says " Market are always here.So no need to hurry. "

NI3 said...

@ Kumar
will you please tell me what is OTM
i do trade in option
Thanks in adavance

Anandha said...

Is nifty not yet point 5 of -ww now ?

Iris said...

Shriram Sir

What is expected pt 5 for Nifty

amber said...

Sir ILango ji charan vandan and everyone good morning

shriram said...

@ iris,

On NS, the 1-3 line says pt 5 shud form near 5900 NS.

ideally for a reversal it should also meet a Higher T/f RES or Prev Supply Area..

that zone is WkhiEMA +,1 20pts

So ruffly 5905-5925 Ns

SJkolkata said...

Just Sharing what I feel I can see from prices.
Nifty is getting accumulated for last 3 days and going in strong hands. There have been massive call option buy by a few Hedge Funds( as per reliable info ) which can be seen by the figures of FII option buying and increase in OI of calls. They have made sizeable position in 5700-5900 calls.
Bank Nifty which is acting as laggard can give a good momentum with some short covering creeping in banking stocks i.e Uco yesterday and heavy weight Axis today ( increase in price with reduction in OI).
Nifty from all TA angles and JNsar is +ve, so looking for contra trades other than scalping can be injurious to Health and Wealth.

Kumar said...

@ Iris,

Dont Call me Sir...

Dont worry...Again You would get it..

Before get into the position watch and watch and watch for few months..and do paper trading ...this is very much important...and have enough money if you caught in the trap to average it and overcome from the huge loss.

As you said, follow master's golden words...then lakshmi would come to your home....

@ NI3,

OTM - Out The Money...

If you want to know more about the options then check the following URL

http://www.optiontradingtips.com/



Kumar said...

Master,

March 7, 2013 NS - 5863 and VIX - 13.07

Today

NS - 5880 - VIX - 18.72 ...

It means, sell on rally is good for this series.

Please share your opinion.




Anandha said...

@ Ilango sir,

Is there a possibility of 5855 - 5845 in any means today? I see that price as target from 2 minutes chart.

Iris said...

@ Kumar

I think averaging in a losing trade is not a wise decision. I have lost heavily in past due to this. Better to trade with SL in mind.

Coz for an average person like me. Its hard to stay focused when you are loosing and you pump more and more money in that trade and finally instead of looking where markets are going and change your trade you loose all your money.

Crorepathi said...

I think Kamadhenu is kicking, till now it's hard to milk the cow...
Shriram,
How to catch the C?

Amol Sharma said...

this week nifty resisting strongly at 5900.

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