Friday, July 19, 2013

Nifty Intraday Update-II


52 comments:

Ilango said...

Now, "6034" is the key level, instead of 6021.

shree said...

master
now what you expect price top for 5th..as 4th abc ended....

Ilango said...

@ shree,

Please read Pre-Mkt View.

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

can we say weakness has set in?

murli said...

ILLANGO SIR

PLEASE TELL WHICH LEVEL INSTEAD OF 5993 (REVERSAL LEVEL)

leon said...

Sir
If 6021 was the day pivot and 61.8% of the last rise, what is the significance of 6034? Is it the trendline support connecting lows starting from 5927.
Thanks for taking time to read this comment.

Manish

Sahil said...
This comment has been removed by the author.
Ilango said...

@ leon,

It was expected that (4)c ended @ 6034. One could be flexible & treat "6027" as end of (4)c. Accordingly, weakness should be below 6027 or the last rise from 6027's retrace.

Srinivasan Krishnamoorthy said...

எங்களுக்கும் சொல்லலாமே அந்த மஜிக் நம்பர் என்னன்னு?

anmpatel said...

@master
5.c.4 done at 6027? in 5 min chart? downsloping tl break? start of 5th up?
thanks in advance.

ak said...

sir i went short at nifty below 5934 as mentioned it is the key number

now what would be my sl

Ilango said...

What is " the last rise from 6027's retrace".

Nifty bounced to 6041.90 from 6027 lows.

80% retrace of that rise comes @ 6030. One could choose "6030" as "weak below".

If Nifty moves higher than "6041.90", recalculate to "Trail".

This is an eg. of how you manage trades in higher T/F till targets are done.

Ilango said...

@ ak,

If you're already short below 6034, keep 6042 as SL.

shree said...

master...
prior to 6027 it came to 6036 around..if this 6027 was taken as c then what should be label to earler 6035???
please elaborate

Kiran said...

Today's fight is CNX IT(+200) vs BankNifty(-200).

Ilango said...

@ shree,

6033.55 is to be taken as (4) c.iii & 6027 as (4)c.v.

We should stop the "Minute labels" & look at larger picture.

Too close to mkt prices can get addictive & distracting too.

shree said...

on waves.....while falling banknifty was in hurry for new low....while rising ..banknifty is in hurry towards higher price....

Sanjay Jaiswal said...

Dear Ilango Sir & Blogmates,

OI Table Update at 1:00PM, Pivot-6033, S1-6000, R1-6085, ATP-6051, VWAP-6051

Though Nifty has come down from the Top, but support still exists at 6000 level. The CE writers are coming back, range bound right now…

Thanks & Regards

ak said...

bse in green and nse red for much time now
though it happens yet today its more pronounced


which index will dominate ultimately???

shree said...

ya agreee...was just curious how did you taken it as i already covered short at earlier fall..and now long .....sono distracting..
thanks

shree said...

but I was asking because....if this long is with sl of 6027...below that 6021 pivot and 6017 CAM L3..are stronger support...so not decided about sl...but now escaped I think as it is rising.....

Raghavendra said...

Dear Ilango sir and All,

Nifty moved down from 6134 to 5566 in 19 days.
Nifty moved up from 5566 to 6067 in 17 days.

A move past 6134 will mean a "Faster retracement" and implies a new move up.

Raghavendra

shree said...

6067 - 6027= 40*50%= 6047...to book longs....

shree said...

little bit early....with flexible approch

Sujatha said...

julius - came late frm temple..just hot and hot lunch ready :) நம்ம வெத்தலையும் மையும் வேலை செய்யாமலா போயிரும். hehe comment nalla irukku:)by the way will send u afterwards how i am handling with some mingling for your handling. Just my cooker whistled..donno about nifty cooker week end today 2 chances either short covering or dropping?? will it grind till 3.30PM?? huh. then i think..i think...i think...hehe remembering Yaradi nee mohini comedy :D

shree said...

now waiting for ORB.....

Trader Junkie said...

excellent - maybe done at 6060..!!!

sandeep said...

Ilango sir the blog list which were displayed on right hand side are are removed like DR sir and Vipini Sangeetha... It was very useful.

verash said...

hope it breaks 6060 this time

shree said...

late the spot trade above 6060..

verash said...

yes shree touched the ceiling so far

shree said...

then 6067 and final....towards 6100 for the day....

Prabakar said...

for BNF 11053-11040 should be held for any upmove for the day.

shree said...

what is exact high in spot today...??
please anybody tell me...and if with morning high and latest high ...

verash said...

6066.85 high today and that too in the morning only

cooldent said...

6063.95 morning, 6063.40 now

shree said...

thanks cooldent

master has taken 6067... any clue????

shree said...

so now 6045 must be protected.....6064-6027=37*50%=19

Sanjay Barua said...

Dear Ilango Sir,

Is (5) (i) complete, 1st RSI diversion appeared in 1 min chart. Please correct me if i m wrong.
Sir, a slight clarification, mostly 5th wave is seen as making zig-zag 12345. Is there any way to identify in any point to differentiate ZigZag (12345) or EW (12345) in the 5th wave.
Regards

cooldent said...

may be google chart. I gave you tradetiger

shree said...

or 61% @ 6042.....

shree said...

again below 6034 ...thinking of short is with low risk...

shree said...

ok..cooldent..

so NF orb there ..but not in spot.....

Ilango said...

Take 6063.95 as morning high.

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