Thursday, August 1, 2013

Nifty Intraday Update-I


66 comments:

Ilango said...

@ dinesh,

It should be for 5724 to 5809 initially.

Only when prices drop below "5756 or 5740", we should consider "5696 to 5809".

Once another high is made above 5809, then the retrace should be "5676 to xxxx".

J.R.Julius said...

5DH EMA@5850
5DC EMA@5813
5DL EMA@5784

IndieTech said...

Master - is it ok to say that the on-going a-b-c could end around:
1) DHiEMA (5850)+20 pts or
2) WEMA (5882) or
3) JNSAR (5881 and decreasing)

Here one can explore positional re-selling trade based on Hourly EMAs in TT?

rose mary said...

Retraced 80% of intra rise from 5775 to 5809

Ilango said...

@ IndieTech,

Once we know the structure of (a), we could understand a bit about the kind of correction that is unfolding. It limits the possibilities to devise a trading plan for "re-sell".

Yes. Your assumption is in line with the current scenario. Prices, once closes above DLEma, tend to attempt the DEma and then DHEma+20.(and remain closing below DHEma)

Ilango said...

"5777" is 38% of "5724-5809" rise.

vksoni said...

ilango sir
based on above could attempt a buy around 5764 dlema -20?

dharmu mishra said...

shukla ji thanks i made mistake in understanding

shree said...

open to high fully retraced..that also faster...40 and 30 minutes

gauresh59 said...

Namasthe ilango sir and friends,

Today’s quote received :

Wake up every morning with the thought that something wonderful is about to happen!
Just see the result of that positive thought…..you will be surprised definitely

Mukesh Honest said...

N ram, Ye sab na karo yahan, is se tumhari do koudi ki ho rahi hai..kisi tarah ki prathistha nahi bar rahi hai. sri i lango ji sabki take care theek se kar rahe hain, unki prashansha karo bajaye apni jhoothi shaan fenkne ke. agar aaj 5600 ke neeche khul jata to tum kop-bhawan me pade hote

deepak pinto said...

Sir
Thanks for ur firm reminder about mt down and st up.
The confusion in indicators is clearly confiming the above.
Could we take it that When there is a pull on both sides of trend it leads to range bound markets and chsnce for whipsaws.
Or should we simply wait for the st to play out.
Or should we go with the larger trend and trade in that tf and ignore the st trend
This is my confusion
Would be grateful if u could shine some light on this

shree said...

5808 to 5777=31*50%=15=5792 done

HARISH TAHKKAR said...

3 rd 15 M bar, Nifty FNO Bearish Shooting star Vol 885900
But price are trading > HCLEMA 5753 Look Open
and High of the Day retracements.

Prabhanshu said...

Sir, Shriram,
The recent fall from 5792 is result of bear flag in 2min chart?
If not, please suggest what we should look to identify is it a bear/bull flag?

Prabhanshu said...

Also bearish engulfing candle in 2 min chart at 5792.
Is it fine look for this kind of pattern in 2 min chart? And what other indicators we can add to validate this pattern?

anand said...

Good morning Master and Shriram,
Keep the dreams intact. Follow master's guidline.
Intraday might be anything - let's see how your Guru maharaj pleases.

Good luck for the day!

shree said...

5777 to 5808=31*161.8%=50=5758.........its below R1...and CAM H3

Sanjay Jaiswal said...

Dear Ilango Sir & Blogmates,

OI Table Update at 11:00AM, Pivot-5761, R1-5807, R2-5839, VWAP-5817

The PE writers are back for the time being with major addition at 5800-5700PE level, with 5793 as the reversal level…

Thanks & Regards

shree said...

yessssss..this was just typing next post and it is there.....5723 pivot and 5721 CAM L3...

shree said...

the day is done.....now bye for the day......squered all.....

anand said...

As if market was waiting to fulfill Shriram's dream..waterfall in last 2-4 minutes !

What a power you have Shriram ji !

Trader Junkie said...

excellent , i mean - waht do i say !!!

varun kumar said...

jai ho ILANGO SIR JI KI

shree said...

this last post....NF 5685 today?????

rose mary said...

OMG.. i just went for a coffee.. bears finished it's full meals :D

Prabhanshu said...

Wow. ..it seems 1st time I was correct in identifying pattern. But need confirmation from shriram and Sir

varun kumar said...

@ Ilango sir,
this faster retracement is also sign of strong bearishness ?

Prithvi Chidambaram said...

@master,
How to we deal ,do long for c or do sell for v or 3rd iii

Sonu said...


nifty could not breach 80% @ 5703

Randhir said...

Dear Sir,

Any possibility that current fall is wave B of 4 as wave 2 was zigzag. Thanks is advance for reply.

shree said...

just a clue...NF....5803 to 5761.9...in 5 minutes..volume...9,13,550.....and...5770.30 to 5738.25 in 5 minutes...volume.....9,67,850........think over it....

Sandy said...

ZZ gets retraed more than 81% proved.

vikas kumar said...

@ N Ram
are u Dog ? your behaviour is like dog.
kutte ki punch 12 saal tak bhi nali me rakho rahegi tedhi ki tedhi... Fir vo thahra kutta ..kantna aur bhokna to uski fitrat hai....
if you are not dog then from now onwards you name should not display here and if you are dog then fine .

Prabakar said...

Namaste Ilango Sir & JN Family

After 9961 BNF, i am seeing next BNF point 8881 in Month TimeFrame. Will BNF reach there are reverse in between or from here? Only time can answer :)

Anandha said...

@ Ilango,
Do we see 4th completed and vth is on its way down for 1 of C ?

Okay said...

"Do not interact with intruders."
"Do not interact with intruders."

Ilango said...

Since the move from 5676 to 5809 is of 3 wave structure, prices are likely to trade in "5675-5810" as a flat if it is a 2nd wave.

If (iv)th is completed @ 5809, prices would break below 5676 towards 5651, MLEma.

rose mary said...

Bear markets are real Fun!!!
I am taking rest for rest of d day.. such a volatile markets are not my cup of tea :)

Prabakar said...

correction.

next BNF point 9881, then 9840 based on previous support and resistance

Prabakar said...

BNF 9881.50 was the low on 03/09/2012...

Rajaram'z said...

What a roller coaster !!!

RS said...

Ilango Sir,

Can we assume (b) finished and (c) started?

Thanks

STOCK4SURE said...

ns at 5736

55ema in 2 min charts at 5743

will nifty face res again near this level???????

Ilango said...

@ RS,

"b" waves are deceptive & complex and they don't end in a 5 wave fall; hence, it is likely, it will continue in a sideways range as suggested above.

Prabhanshu said...

Sir, what price will negate iv wave possibility? If it crosses 61.8% of fall from 5809 to 5677?

RS said...
This comment has been removed by the author.
RS said...

@ Ilango Sir,

Thanks....got it

anand said...

Wow !
Its like RBI Days when from 11 'o clock such volatile moves happen. What is happening today?
Flats are really tricky and unnerving!

as Master said - Deceptive and complex.

IndieTech said...

Master - Nifty make a double bottom around 5675 (y'day and today). Is this notable significance?

Anandha said...

@Ilango Sir,
5618 is possible in any means, It looks triangle support.

Randhir said...

Dear Sir,

The fall from days top shows abcxabc on 1 minute frame seems its 3 wave. May be too early to decide. Need you inputs. Thanks in advance for reply.

saz said...

GM sir and blog mates,

is there any problem with NSEL and brokerage, becoz i have cash at religare...i see there is some commotion..... anybody knows the detail plz clariify.....
thanks

shree said...

index date time O H L C
NIFTY,20130731,09:37,5681.90,5685.30,5678.80,5685.
NIFTY,20130801,11:29,5690.35,5690.35,5677.15,5687.15

5678 TO 5808 = 328 minutes.......
5808 TO 5677 = 100 minutes.....

Guru Krish said...

Yesterday VAL (NF) was 5721, one time support is always given at (val-20)..today it worked well :) till now low is 5701 in NF...till now made a high of 5795

Anil said...

Dear saz,

its nothing but a news to create panic.
http://economictimes.indiatimes.com/markets/stocks/market-news/national-spot-exchange-suspends-trading-amid-fears-of-default/articleshow/21517910.cms

Ilango said...

@ Prabhanshu,

A move below "5676" would validate (iv) being completed @ 5809.

And a move past "5809" would confirm 2nd wave continuing.

Prasad said...

Sir,
IV still running or V truncated at double bottom.
Your views pl.
Thks

Guru Krish said...

Now trading above VWAP

Manish said...

@ Master

A contracting triangle being formed ?

"C" to give breakout above 5810

Manish said...

5800 and 5700 put writers more active till now as compared to 5800 call writers

Post a Comment