Monday, August 5, 2013

Nifty Intraday Update-III


34 comments:

ak said...

sir
plz mention some thing from your vast experience about ...b waves

i know you have written it makes traders HYPER...
how often does we see such b waves....



dharmu mishra said...

Respected llango sir/shreeram ji sorry for late response i was away from my system just say ur explanation regarding my query thanks for such a beautiful explanation which increased my confidence and made me able to c and understand markets movement of waves thanks

Sonu said...

@Shriram Sir,

I haven't read about LP / HP filtering yet. I am on chapter 10, not sure if it will come later or I missed it completely.
Not able to understand most of the code in the book. Till today, I was thinking that I will probably need a charting/trading system to be able to benefit from the code. But when I saw your message about using Google finance, I was surprised and had to ask you that question.

murli said...

illango sir

please tell me silver and gold jnsar

thanks

Prabhanshu said...

There is another channel support in 5min chart if we join days bottom low with recent bottom 5670.. supports comes at 5675... which is still saved.
And now bullish engulfing pattern in 5 min chart also.

Raghavendra said...

Dear All,

Staying Below 5721 and above 5662 ( High & Low ) will result in a NR7 Day.

Raghavendra

Prabhanshu said...

Apologies if I m distracting anyone.
I am just posting my readings for my learning.

shriram said...

@ Sonu:

Main take away from EHLERS is : there are 2 market modes-

1. Hi-FreQ (CORRECTIVE/ price oscillates / vibrates & looses Energy w.o going anywhere)
2. Low-FreQ (TRENDING in 1 direction, moves a gr8 distance)
3. What indicators indicate the MARKET MODE ?
4. How to Trail ?

THINK FM RADIO ... like tuning into a station to hear LATA sing.

Similarly, if we can remove HiFreQ noise (whipsaws) from market action, we end up with the PURE MELODY OF DIRECTION / TREND !

suresh said...

waiting for ns to break 75

Sandy said...

Raghavendra NR4 & NR7 expected. Time correction on.

Iris said...

@ Sandy

Can you pls explain about NR4 and NR7

ak said...

@sandy ,raghavendra
i dont know much about nr7 setup...but have read that it means range is contracting ..and some move is building up
am i right?

sandy plz write what to expect from this observation of yours it will help new traders like me..

suresh said...
This comment has been removed by the author.
Sandy said...

Iris. NR stands for Narrow Range. I have discussed abount 4 & 7 days. there is enough material on the net on this. Basicaly a range expansion happens following such a day or next and the size may be in multiples of the range, whichever side Breakout takes place. We are now in clear downtrend and hence chances are ...

Raghavendra said...

@ Iris,

NR = Narrow range. 4 or 7 is the period.

NR7/NR4 = Narrowest price range for underlying instrument in last 7 or 4 days.

Depending on user's choice we prefer to follow 4 or 7 as time period.

I prefer 7 ( longer time period ) and typically NR7 signifies a "range contraction" after a strong trend and a " range expansion" takes place either up or down.

Raghavendra

shriram said...

@ S4S:

BN itching to show higher tgts ??

10,200-250-300 spot coming ?

Sandy said...

Sell on all rallies is the mantra. Buying Puts will be advantageous. Stacking of Puts even better. A good possibility of seeing 5400 in August!

Prithvi Chidambaram said...

@ sandy ,

Please first cross 5808 than wait for that

Sandy said...

Master is the final guide. I have exceeded my limit.

Kiran said...

NR7 also easy to play on day after NR7... Buy above NR7 day's High and Sell below NR7 days low.

Sandy said...

5800 difficult Prithvi

Iris said...

Thanks @ Sandy / Raghavendra

What are the top and bottom breakout range for NR7

Sandy said...

Iris, Keep the respective NR4/NR7 day High + 2 for upside B.O and Day Low - 2 for downside B.O.

shree said...

HLEMA...protected through out the day.......

anmpatel said...

sir
pl update 3 pm
thanks

Sujatha said...
This comment has been removed by the author.
jay shah said...

anyone can help me where to access nifty spot market profile levels? (VAL, POC AND VAL)

shriram said...

Master,

Any closing comments? ur pref. view remains Irreg. ABC in play from 5677 , or

do we see new ABC started from 5677, with A done today as :-
A: 5649 - 5721 ??

Sandy said...

For tomorrow a temporary trend change can happen only if nifty can close above today's high i.e 5721.

Hemant Harke said...

Bullish harami on day chart

Sandy said...

A perfect bullish harami happens at the centre of the last day bar. Again prices have to go above and close above that days high for a change of trend. As par bias theory trend is still down.

umamahesh said...

Raghavendra sir nr4/ib or nr7/ib also good..

ITradeForProfit Daily said...

NR7 day with extremely low volumes

PRAKASH said...

Banknifty and Icici,BOB forming Pin Bar in Daily.

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