Wednesday, July 31, 2013

Nifty Intraday Update-III


35 comments:

anand said...

Sir/Shriram :
Flags targets really follow Shriram's commands (almsot everytime)!
Time for counting :

Now can we consider 2nd wave done (a (5676-5720),b(5720-5690),and c(5690-5734)) till 5737/5734 at 61.8% (text book - 2/3rd retrace) and now 3rd to begin?
Time to ride the slope sitting tight?

Anil said...

since we gap down on 24th below 6050 levels, todays the third time we tested hourly high ema.



rk said...

Sir one more ED on 2 min time frame?

Piyush Sharda said...

sir,
does it seem to u 3 over or one more low to
complete 3

shriram said...

@ Anand,

This rise 5677-5739 NS, seems a simple ZZ (or corrective or HiFreQ or Vibratory / Unstable wave)

shud see downside unfold now.. as long as 5750 NS remains unconquered, is the feel

More, lets wait for Master !

Ilango said...

If moves past "5744", 80% of last fall, it will be considered as "(iv)"th wave in progress.

dharmu mishra said...

respected sir shriram ji should we gv imp to 5759 as it is j10sar for month may b nifty heading towards it ad should watch for positive div pls guide

anand said...

Thanks Master !
Thanks Shriram !

Clubbing fibo, EW and EMAs help keep the head in place despite retrace of almost entire fall.
Let see 230 effect- it goes for (v)th (after (iv th) or a large (iii) - for today's waves and also past of the 3rd labeled on the charts.

anand said...

Also,
a fast fall setup emerging on 5-minutes with 21, 55 EMA converging at 5715/5716.
Has worked most of the time in trends. Lets see.

anand said...

oops! seems first the gap will fill (good for trend to be intact) and then some action.

shriram said...

Flag T2 also done... time to be ultra-cautious,

esp with MnCl now almost certainly < Shani Maharaj

shailesh said...

shri ram jee can we by nifty above 5750

brajesh singh said...

Ilango Sir Should I exit from Short.

anand said...

@Shriram:
Shani Maharaj =? (WLEMA or MEMA)

J.R.Julius said...

SHRIRAMJI...................................................................................................................................................................................................................................................

shriram said...

@ Shailesh / Dharmu,

Lets follow Ilango ji's advice of giving highest priority to Highest T/f

So the latest signal is.. Mn is closing < 5MnEMA, but > 5MnLoEMA

Is this to be seen as Oscill. or TRENDING DOWN on Monthly T/f, that is the ROOT Q !



shriram said...

@ JRJ : ;-)

@ Anand :
MnEMA = Shani , Wk = Guru, Day = Budha

--> Master
Closing comments / Guidance pls, for carrying over shorts :-)

rk said...

If it was ED next 15min it will experience violent fall

anand said...

@Shriram : Jai ho !
Thanks for sharing the code :
Premium reducing, more shorts being added ?
3rd on 2 minutes in progress ?
Large 3rd extended now ?

ak said...

@rk
another chart pattern too points to a fall
but due to month close need to watch carefully

Ilango said...

@ shriram,

Prices are closing way below DLEma.

If "5700" is protected, there could be bounces ahead.

EW: a likely pause. (It could also be a deceptive one for a deep cut)

TA: Down

TT: DOWN

JNSAR: DOWN.

shriram said...

Master

Thank u sir :-)

@ Anand:
Can this lable & projection be outlandish ? i dont knwo, but EW shows various possibilities !

One of which is the Simple, Humble Extended w3

a/1 6229 5566 -663
b/2 5566 6093 527 -79.5%
c/3 6093 5020 -1073 161.8% **

**in play

Will it come ? Bear Dream if it does :-)

anand said...

@ Shriram :
If we remember big picture - MAP drawn by master and Month, week, day and all 3 (TA/TT/SAR) down, nothing should be impossible.

Also, master mentioned the simple label to touch at least the last low in 5500s.
Today we might have lost on the retrace, but the deception indicated may work out tomorrow!
Also your Budha effect to start :-)
I wan to follow the studies- no matter how impossible it seems. No brains !

Amen to your dreams!

Kiran said...

Bernake event ahead... stay cautious .. irrespective of your position is long or short.

anand said...
This comment has been removed by the author.
Ravi Pillai said...

Rose Mary

Sila maramadaigal like me badly need pvt tuition Konar Guide and

spoon feeding also.

All sports quota

dharmu mishra said...

Respected llango sir and shriram sir pls guide me for learning EW basic pls teach me baby steps for it and how to gv approach to it one by one . thanks

anand said...

I cannot forget Master' comment last time when markets fell after Benrnanke's comment and signals of down was given a day or 2 ahead.
=========Ilango said...=======
Even before Ben ka baap could open his mouth, 
"followers" of EW knew the direction....
"Trend followers" of TA knew the direction....
"followers" of JNSAR knew the direction....
Goli maaro newswalonko...they are just late always...
May 23, 2013 at 9:59 AM
===============================

rk said...

Sir is it likely to be pause for wave 4? I was expecting wave 3 finish at 2.618*wave 1. What the strategy to be adopt here on?

shriram said...

Intra watchers,.

hi-prob -WW on NS & possible WXY (DZZ) done intra on BN

Bye all !

Prithvi Chidambaram said...

@ Master,

How much tgt for (IV) now???

prakashbkc said...

Master,

today candle a hammer?

varun kumar said...

wht is avg closing ?

Trader Junkie said...

we have seen this so many times in a strong trendin g market that it gaps up and down to cover its journey....

Also, events just seem to line up accordingly..

Tonight and hence tomorrow will be interesting !!!

Bye all

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