Tuesday, July 9, 2013

Nifty Intraday Update-II

Honestly, I travelled the stock market for 21 years of which I struggled for almost 80% years.
I have attained a reasonable amount of clarity, thanks mainly to "Keeping away from marketmen & market talk".
I wonder, how many will understand this.
Most still come here for the "Nasha" and they sure get it in unlimited quantity.
It is only the serious & sincere ones who focus to "unearth the riches unlimited".
A doctor studies for so many years and practices still more for many years before he can reasonably understand human body and treat it with focus and objectivity. When he practices, it looks simple but the "reaching took many years".
How many years you are willing to give?
How much pain you are willing to take?
How much sacrifice you are willing to do?
How much responsibility you are willing to own up to?
Learn soon to identify the helping hand here & everywhere.


Okay said...

Master, Shriram...
Your opinion on BN counts would be helpful.
Is it following the same ABC pattern as that of Nifty...where C is currently on-going.
Or Some other count is relevant as of now.

My apologies for repeating this comment again Master.

Bhushan said...
This comment has been removed by the author.
rajiv malik said...

love you for your forthright and inspiring views dear ilango ji.....warm regards

Bhushan said...

Namaste Gurudev and friends

aggressive sell below 5830?

Sujatha said...

சார் / கடினமாக நல்ல கேள்விகள் / என்னிடம் தற்சமயம் விடை இல்லை, கொஞ்சம் நன்றாக யோசித்து உருப்பட பார்க்கிறேன், நன்றி

jay shah - thats good ..nifty doing 'your meditation" since morning..that too deeply :(

Julius - yenna imsaiyo..வெண்டக்கா மோர் குழம்புல விளக்கண்ண விட்ட மாதிரி இதுக்கும் சுளுக்கு வந்திருச்சா ஒரு சைடாவே பாக்குது

Mukesh Honest said...

shriram said...
@ SJkol ji,

yes... the TA as EOW now, suggests the same.. 100-200 pts up possible

Wk is maintained up 2nd EOW again

Bye all, Happy Weekend !

July 5, 2013 at 3:20 PM

Shriram ji, apki niyat par koi shaq nahi hai, aap sachhe aur achhe insan hain. apka ye comment apko aur jimmedaar banayega...maine apse koi shikayat nahi ki aur na hi karunga...ye mera paisa aur mera decision hai tabhi mai yahan kuch seekhne aur trade karne aata hun..

shriram said...

@ Okay:

My feel: BN is doing a ABC FLAT , while NS is doing a ZZ

Holding 5DEMA today, will be a Bullish Island Reversal on BN , tgting 11,600 /11,900 spot in next 2-3 days

Flip side: Close < 5DEMA, will invite gap filling & trip south.. take ur pick

A J said...

If gold goes up - don't buy gold
If rupee goes down - don't sell rupee
Just buy crappy PSU IPOs - WTF

Market is not a place meant for proving your nationalism :D

shriram said...

@ Mukesh Honest:

The idea of my view was to look for buy on dips.. where to take ENTRY is a totally different ball game.

Pl read holistic. First form a VIEW & then search for ENTRY, not ulta

Sujatha said...
This comment has been removed by the author.
dev raj said...

Thanks for your views and guidance sir..

anand said...

You have told and asked very relevant things ! Easy money is never easy and we forget that it takes years to become a pilot , a doctor, en engineer or even a Chartered Accountant but we rush to become traders!

Patience is the key. Thanks for being there and making us learn how not to lose our heads when all around you are losing theirs. Daily gains/losses will happen and may continue for a long time.. Survival first and then winning comes! Market is master!!

J.R.Julius said...

Good Afternoon.
பொறுமை எருமையை விட பெரியது.
வெயிட் ப்ளீஸ்.

Okay said...

Thanks Sriram.

chetas said...

in the last 10 days we have 7 gap up and downs (only gaps > 10 pts considered ) , which were never filled on the same day, i think this is very rare, may be today's gap will be filled , let see

shriram said...


Ascending CT "winding B" still, or C started ysday , whats the preferred lable to ur eyes sir , as of now ?

Sanjay Jaiswal said...

Dear Ilango Sir & Blogmates,

OI Table Update at 1:00PM, Pivot-5815, R1-5858, S1-5787, ATP-5860, VWAP-5860

Steady addition at all PE level from 5900 to 5600, whereas overhead resistance still good at 5900 with 6000 now will act like a ceiling for the series…

Thanks & Regards

deepak pinto said...

Abc done from morning
A good upmove from 52 onwards should unfold is feeling

Ilango said...

@ shriram,

Till prices move past 5900, "B" completion can not be complete.

Perfect place to do guessing works.

If triangle, generally the "d", like the ivth wave breaks the channel and starts the last leg-"e" to complete the triangle and the "B".

Let me put it this way:

If "C" has commenced from 5776, it should not break below 5820(approx).

If it does, then the triangle continues and 'd" ended @ 5865 and "e" continues.

I prefer "C".

Karthikeyan S said...

Shriram said,

"The idea of my view was to look for buy on dips.. where to take ENTRY is a totally different ball game.

Pl read holistic. First form a VIEW & then search for ENTRY, not ulta".

Well said. Even after judging the direction of the market correctly, I had burnt my fingers on many occasions, as the entry point was not correct.

Recently, Shriram had elaborated on the conditions to be met for a high probable entry. Newcomers like me have to go through that and the various posts of Master on this blog repeatedly to find our own trade plan.

STOCK4SURE said...

some strength only abv 5847ns now

Prabakar said...

Namaste Ilango Sir & JN Family

Prabakar said...

Dear JRJ,

Erumain pakkam, vadaka illa therka'onu sonna udaviya irukkum.. :)

J.R.Julius said...

As per me 5852+ Spot is Long Confirmation for intraday with Affordable SL.

Selling may be below 5EMA.

jay shah said...

dear sureshji please google vipassna and every centre has a elaborate website you can get all the details there global pagoda near essel world is a centre for vipassna

varun kumar said...

@ Ilango sir
Good Afternoon
Sir I need hourly data of NS of last 06 month . Sir if you or anyone have the same then kindly send me. I will be very grateful.

Thanku very much sir.

shriram said...

--> back

Master, thank u for the view :-)

Ashish Agarwal said...

thanks Ilango Ji. Looks like, ur preferred view in play.

pravin said...

@varun kumar,
kindly send me the test mail. I can help you.

Sujatha said...

meditation -



varun kumar said...

@ pravin ji
I have sent the mail. Kindly check when time permit. Thanks

deepak pinto said...

Now 44 must hold for upsides

Ilango said...

New Post Done.

Jay Mataji said...

Tomorrow 's JNsar for BN?

Ilango said...

@ Jay Mataji ,


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