Wednesday, July 3, 2013

Nifty Intraday Update-II


60 comments:

Sujatha said...
This comment has been removed by the author.
SJkolkata said...

Looks like "Midpoint Crisis" will give the required bounce and strength.

Ilango said...

@ 5731, DLEma - 20 = 5731.

sandeep said...

master i am sorry to ask why are we not going with direction why looking for bounce. why is it we are predicting and not following.

Guru - Trading Nirvana said...

Now at VAL (Monday), should lend support.. lets c.. if not Weekly 5662 only

shriram said...

@ Sandeep,

ur above question is from view pt of swing trader

ur prev Q to me was from pt of intra

y are we confused on t/f of trade pl ?

HARISH TAHKKAR said...

Observations :
http://nseindia.com/live_market/dynaContent/live_watch/equities_stock_watch.htm

3 Hours Market.Advance 4 > 2%
Decline 45 = 25% > 3
25% > 1.5%
Fall with huge volumes.
Rise with low volumes.
Bottom fishing in the net of bottom.
No consolidations.
Wait one hour for consolidations

Anand Kumar said...

Strong buy should emerge at 5741 +/- 10points.
regards

shabsaif said...

Thanks..............

Sujatha said...

sandeep - got confused becoz of me?? apologies..my personal sharing to a friend ..

onceagain sorry

Satish said...

Deepak pinto,very good analysis based on candlestick pattern.what is invalidation candlestick further?

July 3, 2013 at 12:12 PM

ITradeForProfit Daily said...

Bullish engulf in demand zone...on nifty spot 15 min chart

SJkolkata said...

Sandeep,
simple answer to your question is because JNsar is +ve

deepak pinto said...

Sathish
Further .let us wait for the unravelling of the charts.
For a repetition of the present scenario look at the past when stoch turned down and trend 1/4th the way up .
History is repeaing
If it does then looking at 5500

Ilango said...

@ sandeep,

Direction is down has been made quite clear with Day T/F just turning down.

As per EW, if a reversal were to take place, it should have been in the 1st hour. And the same did not happen and it was mentioned thereafter.

34 Hr sma's relevance & importance was stressed.

Prices are trading below it from 5782.

The observations at various juntures are validations of such a view.

For "Intradayers", it was suggested that if a pause/ reversal/ bounce should come, it can happen around "5772-82". ANd SL was reduced to just 10 points considering the trend.

Remember, each trader/ reader here approaches the market with their own T/F...15 min, 60min, days and so on.

Hence, while reading others' comments, make sure whether it has any relevance to "your trading strategy".

Guru - Trading Nirvana said...

Looks like, Nifty wants to clean up the unfinished business first.. so closing the gap and then go complete the C 5976-6034 :)

Kirubanandam T said...

Thanks for approval, Sir

sandeep said...

tks master , sjk, shriram ji

Nitin Kadam said...

Trade Plan Update I :

Nifty in Reentry ZOne 5755-5765.

Time to follow & execute the plan.

Trade Taken @ NF-5760 | NS-5760

STOPLOSS:- 5740 NF.

Sanjay Jaiswal said...

Dear Ilango Sir & Blogmates,

OI Table Update at 1:00PM, Pivot-5866, S2-5827, S3-5803, ATP-5786, VWAP-5786

The 5800CE writers in the last 2 hrs has made it quite impossible for the Bulls to move above 5800 for the day, a close below Monthly VWAP of 5782 will be WEAK…

Thanks & Regards

Ilango said...

34 Hr sma has risen to 5793 and is the immediate resistance.

J.R.Julius said...

@Sujatha,
Just seen ur msg!
Personally holding Intraday shorts Partbooked
with TSL. If give a PA reversal signal will exit
and reverse. Yesterday I gave importance to your 89.

ஓடு மீன் ஓட உறுமீன் (ப்ரைஸ் ஆக்க்ஷன்) வரும்வரைக்கும் காத்திருக்குமாம் கொக்கு...

Ilango said...

1.00PM TT & Chart Updated.

SJkolkata said...

Nifty wants to say something at the midpoint.
Is it crisis or bears.

Sujatha said...

julius - shhhhh signal -kku munnadiye axilatera - thiruparadhe valaya pochu.. :P remarkable rise only abv monday's low ..all the way the current no. is impt whether spot or future..if not agree with sanjay ji

J.R.Julius said...

@Sujatha,
yes few days appadi thaan poguthu.
konjam risk edutha thaan rusk sappida mudiyum.

Kiran said...

Today, SBI = Shikhar Dhawan... about to complete century from yesterday's close

jayant singh said...

JNSAR updated to "5742" in the chart hope all are watching. Happy Trading

ROBERT S said...

@ilango sir
sir how can u say that ew suggested reversal in the first hour

marketrider said...

@ ilango sir,

Quantative Approach

from 5904 here maximum Rise 26 point.

so, if any rise above 26 point we should start to retrace?

with thanks

Ilango said...

@ ROBERT S,

"iv" th wave endings are often associated with "channel break & reversal back into the channel".

However, in the first hour , the channel break happened; but the reversal back into the channel did not happen. Hence, it was relabelled as "abc"of "A" corrective done from 5566 to 5904 and the treacherous "B" wave/ a reversal is on.

Ilango said...

@ marketrider,

Yes.

But treat them as "bounces" until the EOD signals change to "UP".

marketrider said...

@ ilango sir

One more thing...

5760 to 5782 takes 28 minutes and
from 5782 to 5762 takes 28 minutes (not broke last low)
more time to retrace

so probabelity to retrace should be high from here?

your view?

with thanks

Sujatha said...

julius - if it is " calculated risk" then rusk will be nice or else not :) my calculations are many.. let us see

Guru - Trading Nirvana said...

Master - in the below one which suits best for your term...

treach·er·ous (trchr-s)
adj.
1. Marked by betrayal of fidelity, confidence, or trust; perfidious. See Synonyms at faithless.
2. Not to be relied on; not dependable or trustworthy.
3. Marked by unforeseen hazards; dangerous or deceptive: treacherous waters.

SJkolkata said...

guru,
I think master pointing towards the 3rd.

ROBERT S said...

@ILANGO SIR
SIR IF WAVE A OF WAVE 4 IS ABOUT 61.8% OF THE RETRACEMENT OF WAVE 3 WOUDNT WAVE C OF WAVE 4 GO MORE!!

OR SIR COULD IT BE A WAVE 5 DOWNWARDS IF CLOSES BELOW DLEMA??

vijay ragavan said...

sir market will upside or down side ?then yesterdat this blog didnt open.heip me sir im very new to market

SAM said...

A Message Received From broker....

"Barclays, Credit Suisse, Deutsche Bank Ratings Cut by S&P"

Guru - Trading Nirvana said...

Master - In EW, is there any study which co relates with FIBO numbers like a rule book...?? for ex, now running b should do only 50% not more than that, if it doesnt then it shouldnt be labelled b.. something that sort??.. or is it already there and I dint notice? ..

ROBERT S said...
This comment has been removed by the author.
Ilango said...

@ Guru - Trading Nirvana,

More like point:3.

(Point 2 also applies)

J.R.Julius said...

@Sujatha,
Yes Boss...

amber said...

Sir ILango ji kindly update on this and the hour TA shows any bottoming, there could be a "pause". thnx

Nitin Kadam said...

Trade Plan Update II

Modify SL. to 5750

NI3 said...

Sir and all Blog mates
SBI forming double bottom on 26 june,13 it was 1892
on 28 it was buys in sbi as per cam level i worked out
and bounced till 2029 and
todays low 1896 and moving up can some through some guide whether it is pause in SBI ?

NI3 said...

SBi Low i mean was 1892

Ilango said...

@ vijay ragavan,

Never be in a hurry to make money from the market. It will deceive you.

I suggest you to "Follow the market based on a chosen study or a method". Before following, understand all the concepts of the study and its failures/ whipsaws and develop the patience and discipline.

Then, & then only "Put your money" to work.

Market will be here everyday. If unprepared, it will be unforging to our mistakes.

Read the Tech.Table instructions to know "market's direction".

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

@ Guru - Trading Nirvana,

For corrective waves, there are mostly "guidelines" and is available in all the EW books.

Ilango said...

J10SAR triggered a sell @ 5772 with a Stop & Reverse @ 5793 for the day.

Amol Sharma said...

5760 break or make today. till now force is down ...... like glacier is waiting to warm up.

suresh said...

ns watch for 5781 ??

Guru - Trading Nirvana said...

Thank you Master..indha weekend padikaradhuku oru topic kadaichiduchi...

Pradeep said...

Hi Ilango
Can we take positional trad for 5700 PE till Tomorrow , if you r in favor of bear turn?

Please to suggest

Thanks,
Pradeep

J.R.Julius said...

@Guru - Trading Nirvana,
Send me a test mail, when u free.

Guru - Trading Nirvana said...

Master - Agreed with "treacherous" even after ATR breakdown, its going like Goods vandi.. 2 to 3 days before it was like Shathabdi..whats kept for EOD is still mystery..something brewing underneath...

Ammolh said...

Trying to hold near 5771 since last 2 hours, mark which is was suggested by Master, a small Bounce may come till 5804 if, retains same.

Ilango said...

New Post Done.

Kirubanandam T said...

It is a fight between buyer & seller

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