Monday, July 22, 2013

Nifty Intraday Update-II


anmpatel said...

what is the reason to change the JNSAR from 5961 to 5974?
asking for educational purposes only.
thanks in advance.

SANPOT said...

Wish yoy a Happy Guru Poornima Sir.

ak said...

as per support resistance table next target above 6055 is 6082

is it possible today itself?

shriram said...


Is the ST Top done here , or near completion ?

Any S.MACD Div. visible to u on Hr / 30mins ,sir ?

Sonu said...


You mentioned in Pre-market:
If prices move past "6096", a relook is needed. 22nd July: (Above 6096, iiird wave is sub-dividing)

Considering today's price action, shouldn't we consider bullish possibility if we break today's high?

Ilango said...

@ anmpatel,

Despite closing above "HEmas" in week & Day, the upward momentum is lacking; hence tightening the SAR.

Ilango said...

@ shriram,

In 2-min, we saw a "Pin bar" & a follow up fall from 6064 top.

But it is the "2-min T/F".

There are negative divergences everywhere.. Prices should confirm.

Until then, keep doing retrace of last rises to manage: Presently, "6004 to 6064."

anmpatel said...

I also thought about the same!!
but u applied it first..
thanks again.

shriram said...

yes master, tks

but price needs to meet Ovr.Hd Res to see trend-bend

6088-6115 NS ideal pts for such reversal ?

Ilango said...

@ Sonu,

Bias, since open & ORB, has been positive.

Weakness would be considered below 6049, aggressively and below 6035 moderately.

Presently, "6064" is resisting, the earlier highs.

Let the price continue to stay above 6038 & 6049 to remain positively biased.

Sonu said...

@ Sir,

But my question was concerning EW counts.

Since we touched 6004 in the morning. 6065 should invalidate bearish counts. Isn't it?

Ilango said...

@ Sonu,

Relook at 10.00AM EW labeling.

satheesh said...

Namaste Sir,

My Pranams to you on this occasion of Guru Purnima :)

Sanjay Jaiswal said...

Dear Ilango Sir & Blogmates,

OI Table Update at 1:00PM, Pivot-6050, S1-6026, R1-6067, ATP-6052, VWAP-6052

6000PE writers have just doubled the addition in the previous 2 hours, 15 lacs in 4 hrs of trade, 6100CE writers not very confident right now…

Thanks & Regards

Ding A Dong said...

oh it look like my 10.00 am comment went behind spam.

Hello Friends,
My Nifty Intraday Trade Plan @ Jul 22, 2013

VWAP / LTP @ 09:30 - 6022

I Buy @ or Above – 6046
Buying Stop Loss – 6026
Buy Target 1 – 6062
Buy Target 2 – 6081
Buy Target 3 – 6101
Buy Target 4 – 6120
Buy Target 5 – 6140

NO TRADE ZONE – 6026 to 6045

I Sell @ or Bellow – 6025
Selling Stop Loss – 6045
Sell Target 1 – 6009
Sell Target 2 – 5990
Sell Target 3 – 5971
Sell Target 4 – 5951
Sell Target 5 – 5932

Buying with up trend and selling with down trend at 2min chart.
Entry is based on next 2min candle close above/bellow the entry price.
Trading with even lots as 1 half is for Partial Booking & Trailing Stop for rest.
Closing the trades based on Targets, SL or EOD, which ever comes first.
Options trading based on above table is subjective.
System only Hints! Price Act + YOU React = Trade
Nifty Spot Values & No Fresh Trade after 3 PM.

Wish you all a good trading!!

Sujatha said...

GA sir nd friends :)

Happy guru pournima to all.

Julius - Can expect nifty movement at any time from now as "i am back" to business. lolz. bell ringing?? hurrey in stomach pa... will fill the gap (in stomach) take rest and see u tomrow..")

Have a great week to all.

ak said...


thrice nifty has failed to close above 6060 in 1 hour
which was the critical level in prev trade
seems selling emerges at this point

plz advice what u r seeing in market momentum

mynac said...

Sanjay Jaiswal said...

Dear Ilango Sir & Blogmates,
6000PE writers have just doubled the addition in the previous 2 hours, 15 lacs in 4 hrs of trade, 6100CE writers not very confident right now…


shriram said...

--> back

smelling a fast rise to 6070-88 NS, if 6036 is protected, in next 1-2 hrs

mynac said...

Dear Shriram,
Probably even up to 95... cannot deny..

shriram said...

Namaskaar mynac,

all fine , i hope ?

mynac said...

yes... quite o.k.

ak said...

@shriram ji
aapke mooh main ghee shhakar

aapki baat sach nikle

shriram said...

nice to hear. First n foremost is health !

@ Ak: its a suspected bull-flag forming on NS,
needs to hold Supports (i.e DHi / St.mnHi , to play out)

work out the tgts

LT is tanking tho , so choose the entry wid care ..

Nilesh Patil said...

मयंक भाउ
आल इज वेल. पाहून बरे वाटले.

mynac said...

Dear shriram,
The reason for second you and Dear Sanjay is that,today there are low cash volumes,and turnover hardly 5600 CR.up to 2 P.M.and PE writers are in full swing..

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