Friday, July 12, 2013

Nifty Intraday Update-III


30 comments:

varun kumar said...

@ Ilango sir,
Please update the Higl, Low and close by 1400 Hrs in TT also.
Thanku

Prabhanshu said...

Hey JRJ, is it advisable to go for L3 or L4 now when market is about to close in 50mins?

Ravi Pillai said...

SIT
T T for 14 00 not updated
Ravi

shriram said...

infact Satheesh, seeing again ...

looking @ 59PE OI adds, and oscill action on Hr, a new High cannot be ruled out !

Ravi Pillai said...

SIR
T T for 14 00 not updated
Ravi

Piyush Sharda said...

@shriram,

i think the wolfe has failed

Sujatha said...

yes shriram ji - some reverse gear NIFTY FUTURE may hit 6023 if 5988 holds very fast

Sujatha said...

super dance NF 5988 make or break - 6007 inbeween hurdle..

OK..bye happy week end to all.

IIP data ko Jai Ho

shriram said...

@ Piyush:

too early to say that.. overshoots r v common, and the 1-3-5 is rising everyday

Wolfe, like EW is an approximation / obsv based.. not maths to be seen with precision na, so lets maintain a flexi view ...

satheesh said...

Tatamotors diamond pattern breakout and now above 200 DMA and JNSAR :)

Piyush Sharda said...

https://sites.google.com/site/tradingstrategiesschool/module-2-chart-pattern-analysis/wolfe-wave-reversal


an interesting read about wolfe

@ shriram done more than 1.618 of wave 3.
there may be dip but nothing suggests we go upto 5700 its more a dream. even ur observation abt osc and 5900 pe addition supports that.

Jitendra Mishra said...

shreeram ji sir i m new to technical tearms trying to understand thinks which u speak pls explain DhIEMA is it daily means todays high ema or something else and sir 5ema in chart table for monthly is it the average of 5months ema or something else

Piyush Sharda said...

pls add more a dream considering day and hour charts as we trade for 50-100 points and 2-3 days holding

Ravi Pillai said...

Here We Are NS 6000.again

Ding A Dong said...

hurrrrrryyyyyyyy good day today...

finished trading target no 2 hit @ 6003

shriram said...

@ piyush:

boss, i hv no idea if 5700NS will come or no ... all i do is state the pattern & ENTRY pt.

For now there is no SHORT trigger (as long as out of Sweet zone).

WW is pattern (like EW). Nothing in stone as far as i m concerned, like to keep it that way, pls see as suits ur mentality

Sandy said...

Caution needed for holding longs

Karthikeyan said...

Master,
Is the b wave(fall from 6013) complete?
and c is on?. Please throw some lights

Thanks

shriram said...

@ Jitendra:

sorry, meant 5Days High EMA

Jitendra Mishra said...

sreeram sir pls dhlema is it days high ema ad 5ema for month is 5 mnts average ema

Iris said...

how to find average closing price before closing

Guru - Trading Nirvana said...

Iris - 2min chart, you can use 15 SMA..(this is only approx)

Jigar said...

@ Iris,

On 1 minute chart put 30 period SMA, I think this should give you rough estimate..

Piyush Sharda said...

@shriram,
i was basing the failure on h&s breakout & 1.618 extension of wave 3 achieved. the problem is as i see after this run up there will be a dip which may leave the sweet zone. then may rally up again

shriram said...

@ Piyush;

Agreed. Thats y ENTRY rules have to be based on DATA / and,or TL break

Infact ideally, from the way Ilango trades, i feel best entries are CONTRA Near Higher RES / Support (say WkHi or MnEMAs) , esp wen we see OTM Activity

DATA / Nos. is GOD , is the feel . Patterns if work out are fantastic, but till they unfurl, they r figments of Imagination / time-pass for our idle minds :-)

Piyush Sharda said...

@ shriram,

:-( i am still not able us short on resi and buy supports. and often confirmation is late. this area
of my trading is very poor after so much time too.

shriram said...

Piyush:

to be honest wid u, i go paranoid to the extent of selling 5-10% OTMs, near Higher TA RES on all rallies, just to hv more statistical wins

Old-fashioned street-dog need / Desperation to earn works magic, like nothing else , looks a bit crass though to put it plainly :-)

Good day, nice weekend all !

saz said...

sujatha maam,

sorry for the late coming, thanks for the advice. kannathula potundaen... my nifty sl got trigered.....trade data made my day?!

have a nice weekend master and blogmates...

Piyush Sharda said...

thanx shriram , will explore it to form rules to do it

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