Friday, July 26, 2013

Nifty Intraday Update-III


63 comments:

SJkolkata said...

AJ,
NSE site provides the best details as required by you.

Ilango said...

@ Shriram & satheesh,

Both are minting in TataMotors WW pattern "Shorts".

Satheesh is one disciplined trader. And Shri Ram's guidance & confirmation adds to it.

Ilango said...

I'm a "Big Zero" in WW patterns and I envy you guys.

It is just wonderful to see your application of it.

Oh..Yes, "STOCK4SURE" too is an expert in this field. And there are a few quiet followers.

shriram said...

Master,

sorry to sound repetitive ..

is a 5fifer in BN-intra, done now sir (iv did a Running Flat) ?

ur view helps make the best entry :-)

STOCK4SURE said...

Ashriram

plz have a look

a small -WW may develop in Bn 2 min charts

may move up near 10445-60 range to form pt5 and then may dip for a lower low below 10350 on monday first 2 hrs of trade

Ilango said...

@ Shriram,

I suggested "10360" to hold for intraday for a pause. It has held.

Since I do not follow its chart intraday, I can't comment more.

Nilesh said...

@ illangoji,

how u arrive 5903 for tsl for intraday

rose mary said...

Nilesh,

5903 is High for 13:00 Hour.
You may consider 5897 now, which is 14:00 hr high.

satheesh said...

Reposting:

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

satheesh said...

Thanks Sir :) It would not have been possible without your guidance. But - one confession - yet to get disciplined. :)

Raghavendra said...

Dear All,

What looked like a falling wedge on 2 & 5 min Nifty chart...has done the first faster retracement of last fall from 5887 to 5869.9. in last 3 days.

Raghavendra

Ilango said...

@ Nilesh,

rose mary is right.

In a strongly trending mkt, I generally use either the last hour high or two hour high to trail.(in downtrend)

shree said...

Hushhhhhhhhhhhh.....!!!

shriram said...

@ master : okies, tks sir !

@ S4S : sure does look a -WW , but which is the RES pt, ur seeing to stop its rise ?
Fibbo levels for retace of this fall from today's his are:-
0% (b) 10,723
23.6% 10,635.68
38.2% 10,581.66
50% 10,538
61.8% 10,494.34
76.4% 10,440.32
100% (a) 10,353

anand said...

Seems the TSL for intraday/shorts is being taken as last 2 hours high. First 5914/12 was indicated. Now 5903 (high of hour ending 1 'o clock)

Might be wrong, but that's the first idea i have or from earlier posts.
Still it might whipsaw and sit tight for 2-30 action!

A J said...

@SJkolkata ji
Thanks for replying. I need to check individually for IVs in NSE. I need all IVs listed and sorted from high to low of ATM CE and PE. Possible?

shriram said...

Hi satheesh,

yes, on TELCO -->

sell on all rises now towards 1-3-5, and SL @ 304 as discussed.

shree said...

5945-5870=75*50%=37=5907..done....

Prithvi Chidambaram said...

@Master,

Can we assume that 1 done and now 2nd start

And can we carry our short???

Please reply

SJkolkata said...

A J,

Yes Possible.
Copy paste in excel and do whatever you want.....

shree said...

NF....5974-5908=66*61.8%=41=5949 done.....

shree said...

NF....5974-5908=66*80%=52=5960.....

RS said...

@ Ilango Sir,

Long from 5920 NF. Should I carry the same ??

Please suggest

Thanks

shriram said...

Satheesh,

Saw ur new chart... on hind-sight.. pt 1 seems Dubious.. as its not the END PT of any WAVE (b of a prior ABC, or iv of a prior 5wave)

I wud wait on TELCO for a few more days

@ S4S:

is pt-1 valid in the -WW that Satheesh has shared on the JNgoogle groups?

Ilango said...

Keep last fall retracement:

From 5998 to 5870

38.0%- 5,919
50.0%- 5,934
61.8%- 5,949

Ilango said...

@ RS,

DLEma @ 5929; if it closes above it, it would be a confirmation of a pause.

But to carry a long position, there are no signals yet., they are far away- a close above DEma-5982.

shree said...

for intra taken intra values

shriram said...


BN: Lets also re-calib the Fibbo levels, just in case of a larger Retrace

100% (a) 11,286
76.4% 11,065.812
61.8% 10,929.594
50% 10,819.5
38.2% 10,709.406
23.6% 10,573.188

RS said...

@ Sir,

Thanks a bunch. got it.

shree said...

SPOT......5945-5870=75*61.8%=46=5916..done...

Kiran said...

Does this faster retrace of fall implies impulse wave is running ?

A J said...

@SJkolkata ji
Thanks again. That will be tough though.

sarvesh said...

this is tussle with advantage bears for sure...rest 40 minutes still to go..yeh to sach mein anarkali ho gayee, shriram ji

shriram said...

Master,

Both NS /BN entering some kind of Time/price Corrective sir?

Pl guide on "Market-Mode" on Hr TA, based on wave form

SJkolkata said...

AJ
No Not at all,
In the site its presented very well.

satheesh said...

Shriram,

Check group Gmail. I have posted an exhibit of perfect Bearish wave given by Bill Wolfe

Ilango said...

There is a "tiny +ve div in Hour chart" while a major reversal is being confirmed in week TA if it closes below 5921 or 5942.

Prices don't go down in one straight line and they react to various T/F's technicals.

Hour T/A has attempted a reversal holding "5870". Treat it as a ST bounce as long as "5870" is not broken. Initially we monitor "5998 to 5870 falls' retrace".

rose mary said...

Master,

Consider nifty closing around 5900, protecting crucial 5970-60 levels... should we carry full quantity of JNSAR holdings OR carrying half quantiry is good?

I think choice is as per individual risk apetite, but still like to hear from you.. which is wise decision!

shriram said...

Thanks master :-)

there is significant intra OI adds. @ lower OTM PE strikes that add to the view

@ Satheesh : replied.

@ Sarvesh:
Mughal-e-azam channel se bahar nikloge to "Kya super-cool hein hum" Dekh paayenge, kyun ? ;-)

Ilango said...

@ rose mary,

The cues were in the morning's Pre-mkt write up and the chart.

A 1st wave done @ 5870 either from 5998(this means (i)st of 3rd) or from 6093. Hence, some part booking is alright.

dharmu mishra said...

respected llango sir were can i c the level in TT above indicated by u as DLEma @ 5929 i can c this level as pivot at 11:00 given by u pls guide me sir

Ilango said...

"5880" is 80% retrace of the 5 wave upmove from 5870 to 5919.70.

sarvesh said...

5880(80%) broken ans 23.8% retrace also done

Ilango said...

@ dharmu mishra,

Read these:Tech.Table Reading

shriram said...

Sarvesh:

This fall 5920-5876 , appears Hi-FreQ on the Oscill, and has not made a LL....

dharmu mishra said...

could any one pls guide me were DLEma @ 5929 is located in TT or were to find it

anand said...

@dharmu mishra

4th last column in TT above shows LEMAs for month/week/day/hr (column head is Low EMA)Clearly seen is 5929 for daily section and today's date.

Ilango said...

@ Prithvi Chidambaram

A major bearish pattern is being confirmed in weekly chart.

Shorts are safe.

prakashbkc said...

Master,

Today Lots of comment from ur side to JNmates query

"Master's Comments , JNmates Lesson"

Thanx

rose mary said...

Tuesday, RBI Policy Meeting!

Ilango said...

@ dharmu mishra,

Learn thoroughly; Let it take few months to even a year.

Walk in the market with confidence.

You should not be trading "looking for any ema".

Once prepared well, the journey will be enjoyable & enriching.

dharmu mishra said...

Anand and llango sir thanks sorry to disturb u ad sir for these simple things i m a slow learner ad new to this kind of study thanks
Respected sir LLango sir were can i find the elliot waves video tutorials which were there on right side pls guide sir i m working hard to lean completed all 8 points of start trading with this which r beautifully explained by u thanks sir

dharmu mishra said...

respected llango sir thanks for ur guidence i will try to learn it thoroughly thanks for ur encouragement sir

shriram said...

Wish all a happy Weekend !

Master, waiting for tomos education, bye all :-)

sarvesh said...

bye shriram ji!!

good bye master, please resolve my problem of not getting access to just nifty group,,i am feeling without my arrows

anand said...

@Dharmu Mishra ji :
No need to be sorry- we are all classmates ! ;-)
As for study materials, keep searching ,keep learning but BE there in the market...! real trading / some losses will make the learning faster!

For video tutorials search www.4shared.com or some other source.
Good luck !

Raghavendra said...

Dear All,

Observations on IT stocks :

Day TF RSI negative divergence on Infy with a shooting star pattern today.

Week TF RSI negative divergence on TCS

Raghavendra

ravi said...

ilangi sir I had short gold at 27100 is it safe to hold short .pls advice

dharmu mishra said...

Anand thanks for supporting

SJkolkata said...

Ravi,
I am looking at Gold Prices and Charts for last few weeks and my observation is towards Bullish Side.
You should exercise caution is my suggestion.

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