Friday, July 26, 2013

Nifty Intraday Update-II


42 comments:

shriram said...

thank u master :-)

Okay said...

Got it Master. Thanks.

STOCK4SURE said...

5880 IS 73% and 5861 is 80% retracement from 5803-6093

will any of it lend support????

cmp 5889

chetan said...

thank you very much master.:-)

satheesh said...

Namaste Sir and all,

100 DMA - 5857
200 DMA - 5850.

The above corresponds with the green 1 marking :)

shriram said...

10184-377 spot is the support zone in BN

prakashbkc said...

Plz one more push to nifty to reach it at 5875

Rajan Malhotra said...

Dear Ilango ji Namastey
There is clearcut positive divergence in daily charts of bank nifty future. Another it is coming close to POC of yearly profile of bank nifty future. your advise is required at this juncture.

Ilango said...

@ Rajan Malhotra,

A strict stop @ 10360, attempt an aggressive long for "Intraday only".

Ilango said...

For Nifty, "sitting tight" is the only way out. Trail @ 5912 for intraday.

Rajan Malhotra said...

@Ilango ji
Thanks for the reply .
Where I can see intraday and eod figures of
open interest of nifty and bank nifty

prakashbkc said...

thanx master for timely advice

RS said...

Ho Ho Ho

N Ram Jiiii....You just couldn't resist coming bak

Sandy said...

http://www.nseindia.com/live_market/dynaContent/live_watch/get_quote/GetQuoteFO.jsp?underlying=NIFTY&instrument=FUTIDX&expiry=29AUG2013&type=-&strike=-

For Rajan Malhotra

Ilango said...

Did you take advantage of it....????
------------------------------------------------
Friday, July 26, 2013
Nifty Pre-Market View.
Bounces, if any, would have to deal with "5942-71", WEma, DLEma & the critical resistance again.
A pause for intraday is possible around 5870-85, 5mth & 30Wk Smas.
A close below 5942 would confirm a weekly reversal and a close below 5921 would confirm a bearish "Evening star pattern" in the weekly candle chart.

Ilango said...

5857-Wk JNSAR
5859-Wk 26Ema
5858-MEma.

shree said...

Cam L3 ..expecting to work here.....

Chandiok said...

Yes Ilango ji,
Did resell today morning :-)
However would it be prudent to cover at the pause or wait for EOD pattern to emerge?
Thank you

Ilango said...

BN holding "10360" & Nifty holding "5870", a small pause..

Ilango said...

@ Chandiok,

You could either trail it with "5903" or book profits here.

Still 2 hours to go and in a strongly reversing market.

shree said...

BN bounced well

Ilango said...

Read as:

Still 2 hours to go and in a strongly "trending" market.

prakashbkc said...
This comment has been removed by the author.
prakashbkc said...

yes yes yes Master

I do followed ur path earned money & experience
Thanx from bottom of hesrt

Keep guiding us

A true discipline
May God bless & cherish u to ur goals
May God also help me to keep humble

Sandeep Koppula said...

Sir,
You mentioned an "intraday" pause. Or can it be for a day? Retrace upmove if Nifty closes above 5890 and then a big fall later?

Thanks,
Sandeep

Mukesh Honest said...

n ram, Umar bhar tum Yun hi galti karte rahe,
Dhool Chehre pe thi aur Aaina Saaf karte Rahe...

sarvesh said...

jesse rightly said,, sitting tight is the most difficult job

shree said...

NF 5916/5923 imp.......one 5 min..must close either side.....to next journey for the day

Ilango said...

@ Sandeep Koppula,

Once s.macd triggers down, it is very difficult to change the direction though brief bounces possible.

Our perception of a close below either 5921 or 5942 is on the way for a week bearishness.

Month close is still 3 days away. Month has its tryst with "5858" to confirm a larger bearishness. In the intervening period small bounces possible. Hence, treat them as corrective bounces only.

Either one sits tight or part books & trails the remaining.

You need to experiment with your style that suits your temperament.

See the "JustNifty" icon......have a bird's eye view of things to take the maximum from the markets. Market says, presently, the maximum is on the downside.

anand said...

Sir,

The seagull really gives the large picture. Not to forget your MAP of nifty and the wave counts!

Market is the master, and you show us way to serve it !! Surrender to it !! and it will shower its blessings...in the long run !!!
Jai ho !


satheesh said...

Tatamotors near 100 & 200 DMA

shriram said...

--> back

yes satheesh :-)
but now a clean -WW short wid possible close <5DEMA.. look for all rises to short !

A J said...

@Option traders
Is there any free source that can give me Option IVs for stocks options? I need some kind of alert for high and low IV of various stock options for buying and selling options. Thanks.

satheesh said...

Tatamotors -what a fall!!!!

Sandeep Koppula said...

Thanks a lot Sir!

"Bird's eye view" keeps it simple. :) Great suggestion Master.

satheesh said...

Shriram,
The current Low is at the line joining the points 2,4 of -WW. May be a bounce from here :)

10 DMA 20 DMA 50 DMA 100 DMA 200 DMA
293.32 290.46 293.52 289.67 289.51

Chart updated in gmail group



Bhavesh said...

Respected Ilango can you clarify in your hourly chart of above which indicator used.Thanks in antiipaion.

ravi said...

sir I had cover my short at 5875 which I had made at 5920 now 5910 can I sell again



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