Thursday, July 4, 2013

Nifty Intraday Update-III


45 comments:

Hemant Harke said...

http://prntscr.com/1dh3lz

shriram said...

--> back

to simple yes, a ABC done

a/i 5761 5823 62
b/ii 5823 5788 -35 -56.5%
c/iii 5788 5844 56 90.3%


If this fall from 5844 is a "b" of FLAT, then should restrict to 104% x (5761-5844) i.e = 5758


Any lower & new probabilites open up

OI range : 57-59 is the Vibrating zone

Atharva said...

Master here also a=c can give us 5844-145 = 5699 is my understanding right? PLs guide thanking you..

Raghavendra said...

@ Cooldent sir,

Since the price opened above H4 today, request you to share details "how" trading should have been done using Camarilla method.

Would be glad if you can give Price , entry and exit details.

Raghavendra

Ilango said...

@ Atharva,

A simple approach, as long as prices stay or close below DHEma.

As Shriram has put it, we need to get a confirmation of "b" wave being completed.

Sujatha said...

Julius - every ":transaction" has a life of its "own" :) bach gaya with 5834 weekly opening level itself . thanks to DR-ji who "taught" that one. my brahmasthiram turned on me as i hv not used properly. oops..

bye



sarvesh said...

respected sir, for the shorts taken around DHEMA , should we look to close them for EOD closing above d5ema or dhema?

shriram said...

Master,

have a small doubt here... BN WK / Day TA is firm DOWN

NS is mixed > DEMA, flirting around Dev.Wk,

how is this mixed data , to be seen holistically pls, for NS ...

Sell or rallies or buy on dips ?

Atharva said...

Master : Thanking you ..

ITradeForProfit Daily said...

30 points "re-milking" the cow done.

Ilango said...

@ sarvesh,

This is not a "Buy & Hold or Sell & Hold" kind of market.

Trade and extract some points during this "double Corrective phase of "b" wave"

Ilango said...

@ shriram,

During a corrective phase, the signals of TT change fast.

Amol Sharma said...

who traded 3 times in day wow wow.

sarvesh said...

thank you, sir! i have made profits and have closed the trade..thanks for the guidance

another question is how to manage those trades taken EOD based on the emas'? for the specific untoward opening of next day in opposite direction

shriram said...

true master,

but if u obsv. we started getting the hint only after price move.

how to pre-infer that market is in hi-prob "Oscill" Mode ?

What are ur checklist pts for this MODE CHANGE sir ? :-)

Nifty Simba said...

both things done......fall and bear trap

sarvesh said...

@ master and shriram, thats exactly my query also

sarvesh said...

my idea of booking out shorts was first target of dlema +- 10 point that came around 5885 and second was 61.8% of entire down move which came around 5819-20..,, but this move was explosive..can we premept such moves?

Ilango said...

@ shriram,

Each situation is different.

The OB readings & -ve div of Hour T/F alerted us to "Part book" around 5895.

An aggressive trader would have gone short too.

Once you know that a correction is on for the corrective rise of 5566 to 5904 which in itself is a corrective of the fall of "6229 to 5566", you prepare yourself for a "choppy market".

Only EW would alert one of such phases in the market during which "different strategy" should be adopted.

Market is continually changing. The "open minded person"(read it as objective too) would have a better result.

Ilango said...

The labeling that will be updated in 3.00PM post is a "complicated b wave" and it gets repeated few times.

Jitendra Mishra said...

as per nifty it has crossed daily ema what should b the next target

IndieTech said...

Master - how to spot end of "B"? Some general signs for learning purposes please...

shriram said...

Tks Master,

does "time of a wave" also come into ur sub-concious when u make a decision on MODE ./ and or place a lable ?

May times, in the past, notice u mention "rythmic following".
Any special obsv on no. of days / sessions rise fall of our Nifty / BN .. Many ppl who r into harmonics say that "specific nos" govern the cycle time of Major waves in an index . that each Index has its own Harmonic no. of bars to rise/fall before reversal

How do u incorp. time sir ? Is it obsv based or do u hv a sort of repetitve TIME CYCLE in mind ??

shriram said...

Re-calib the EW

If ABC , then St. MnEMA is the next RES @ 5859 approx.

a/i 5761 5844 83
b/ii 5844 5786 -58 -69.9%
c/iii 5786 5869 83 100.0% * in play ?

SJkolkata said...

Shriram,
Study of W.D.Gann is very helpful in finding the important dates as well as important numbers for future movements.
But that's predictive and Master is against that.

TAnovice said...

Thank you Illango sir to forewarning us about the treacherous B wave... Would not hv been able to equip myself so well for the trades today without ur support... Thank you for providing me with a first hand experience.. Now, I understand why this wave is called treacherous... Thank you once again...

Ilango said...

3.00PM TT & Chart Updated.

shriram said...

SjKol ji:

GANN sq. of 9s is one empirical method, which i hv explored , but not satisfied as co-relation is not satisfactoy.

Am talking more on Time Cycles / Rythm,that Ilango ji captures in his lables..

Gives feeling there Must be some set of nos. governing wave cycles - Index specific i.e

mynac said...

Afternoon Everybody,
Considering 5800 PE writing,Bulls would like to close Nifty above 5845..Let us see..

Ilango said...

@ shriram,

"Time", at best could just be a guideline. You know, how these guidelines are to be used - they aren't totally dependent but help a bit.

Only while blogging and to emphasise certain points, I may have drifted into calculating time by days or hours.

I believe, "Form" takes into account "everything". It'll come to you as you expose yourself to markets of various time frames with an open mind. That will transform you closer to the "Rhythms in the market".

Crorepathi said...

Milked original A2 milk from Kamadhenu
Thank you Sir.
Jai ho...

shriram said...

mmm.. indeed so.

thank u Master, for sharing ur shaolin :-)

Jitendra Mishra said...

llango sir as of now nifty is above dhema how to go for next day position weather to hold call if it remains so or to consider something else to b on safer side

Ilango said...

Follow your chosen study and its reasons for holding or not holding a position.

JNSAR-Long.

TA-Part hold; part trade.

EW; Trade.

Jitendra Mishra said...

thanks for ur guidence llango sir

stranger said...

@julius sir, how to handle camrilla levels when there is gap up or gap down opening????

rajapvt said...

5800 PE @59 lakhs OI, where as 5900 PE just @19 lakhs, 6100 PE onwards OI is reducing.

SJkolkata said...

Dear All,
JNsar pe kar aitbaar, Daulat Beshumaar.

Sitting patiently with longs in-spite of the volatility.

Shiv Kumar P P said...

I am finding an Inverse Head & Shoulder pattern on Nifty hourly charts with neckline around 5930 levels.... Break above 5930 H&S target around 6200... What is your view Master ?

Hemant Harke said...

Ilango said...
If you want me to share my observations here, then

please...

stop interacting with "intruders".

It is your encouragements that make them come here and attempt to disrupt the smooth exchanges.

I have repeatedly requested "Not to interact with these people".

It is upto you and you only.

Badri said...

aarambichutangaiya. kosu tholla thaanga mudiyaleye.

Manish said...

@ Mynac Bhau

there was deliberate attempt to keep Nifty above DHema as I would feel...

master has already labelled B ending around 5700..in the 3 pm TT.US markets are closed today....

TC

mynac said...

Dear Manish,
Whether it is deliberate or not...the close is always close...cause to push Nifty up it requires Money and it has given it's reflection..

When DHEMA starts to rise fast and Nifty want to trade above it...then Bulls are left with NO OPTION than buying..

Bye..

rajiv malik said...

quote for the day

Correcting oneself is correcting the whole world. The sun is simply bright. It does not correct anyone. Because it shines, the whole world is full of light. Transforming yourself is a means of giving light to the whole world.
-- Ramana Maharshi (1879-1950)

Ravi Pillai said...

We all are aware how anxious we were till we got our re entry.
Let us maintain DISCIPLINE.
Till date Only observation from Mr. ILANGO to this problem is : Do not interact with INTRUDERS. nothing more
Choose the path to your own destiny or PERIL.
Ravi

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