Wednesday, August 7, 2013

Nifty Intraday Update-III


38 comments:

shree said...

The day so far.....
NS..5551 to 5492=59 FALL
NS..5492 to 5522=30 RISE
NS..5522 to 5488=34 FALL
NS..5488 to 5542=54 RISE
NS..5542 to 5520=22 FALL
NS..5520 to 5542=22 RISE
NS..5542 to 5501=41 FALL

May think....
NS..5488 to 5542=54 RISE
NS..5542 to 5501=41 FALL
80% rule

Aijaz said...

Sir's Pearl of Wisdom of the Day !

Believe in JNSAR and Follow just the prices. All the rest are waste...

Aijaz said...

Students, let's memorize it once again

"Believe in JNSAR and Follow just the prices. All the rest are waste..."

shree said...

http://prntscr.com/1jvag2

shriram said...

--> back

fall from 5540 - 5501, seems 5waves

Direction still down on NS, is the feel

shree said...

5542 to 5501 = 41 * 50% = 21 = 5522
5542 to 5501 = 41 * 61.8 = 25 = 5526

anand said...

@Shriram
You are FLag master...hence this query :
Does this 40 point range look like a Bearish Flag ?

Prabhanshu said...

Thanks Anand.
I am trying to figure out my problem area. For sure I m not able to implement react on live price actions. And always looking for someone to confirm. This need to be resolved to gain confidence.
Since I track market from office via mobile so it's quite difficult to track sma or ema.
I feel I should concentrate on jnsar trades now on but need to regain some amount to initiate jnsar trades.

Raghavendra said...

@ Anand,

Though its addressed to Shriram - here its how its looking now.

Upmove from 5487 to 5541 retraced to ~80% and per Ilango sir's chart update, likely "a" done - "b" going on. "c" to move upwards. Completion of "c"/"ii" will complete the Bear Flag.

Raghavendra

shriram said...

@ Anand:

If trying to re-short, better to wait till 34EMA,30mins

The formation today seems a ABC corrective . if so, optimal tgts:-

a/i 5488 5542 54
b/ii 5542 5501 -41 -75.9%
c/iii 5501 5555 54 100.0%

lets wait to see if we get the chance to short @ this zone 5555-5586 NS

shree said...

5542 to 5501 = 41 * 80% = 33 = 5534......crossed............

anand said...

Thanks Raghvendra for this!
Seems the range broken upside for now - to complete "c"/"ii"..and trend to resume ?

shree said...

its done...........

anand said...

@Shriram,
Thanks for this level calculation. You really do great job at these!
Nopes. I am not trying these intra day bounces for any contra trades / re-entries.
I accept these are not for me- these have been mostly traps- as yet. Will learn.
Better sit tight and let some intra day moves, even a minor correction like that of day before yesterday is ok.
With Master's blessings and support from other blogmates -> Not riding the ripples/sub waves lest we should miss the large wave.

Ilango said...

First sign of strength in Hour T/F is unfolding. It'll be confirmed only @ 3.00PM close above HHEma.

Hour TA shows a potential reversal in hour T/F.

For Day T/F, it will be confirmed only if prices close above DLEma-5589.

shree said...

The day so far.....
NS..5551 to 5492=59 FALL
NS..5492 to 5522=30 RISE
NS..5522 to 5488=34 FALL
NS..5488 to 5542=54 RISE
NS..5542 to 5520=22 FALL
NS..5520 to 5542=22 RISE
NS..5542 to 5501=41 FALL

May think....
NS..5488 to 5542=54 RISE
NS..5542 to 5501=41 FALL
NS..5501 to 5561=60 RISE
Rise is bigger than fall first time....since so many days....

sarvesh said...

friday being holiday,,,,tomorrow shall be the weekly close

shree said...

S1 hit,,,,CAM L3 protected well......HLEMA protected after 2 hours.....5400 pe OI increasing......BN was showing some strength getting......all this was enough......

shree said...

and this was supporting.....

shree said...

http://prntscr.com/1jve62

and this was supporting.....

Aly said...

Dear Illango,

I have only a little knowledge of EW and what i am going to propose is actually not allowed as EW and also technicals have never supported that. But Still is it possible that Fall from 6229 to 5937 was 1 then a rise to 6133 as 2, a fall from 6133 to 5566 as 3 and a rise from 5566 to 6093 as 4 and then a subsequent fall from 6093 as 5. While it is not as per EW guidelines and also technicals argue against it, I was thinking about this view keeping in mind the correction in 2011 which was very volatile (similar to what is happening this time also and also this whole fall from 6093 has been very very swift - typical of a fifth wave)? Please answer at your leisure

Kiran said...

Today SBI had a great day... Up 5%

Ilango said...

@ Aly,

Absolutely NO. It just do not conform to "Form".

We'll maintain the negative bias till weekly trend is down.

Aly said...

Dear Illango,

Thanks for answering the query. i also know that this sounded very illogical but you are the only expert whom we can sound-out our queries to

shree said...

5530/5524 imp.........5512 in extreme stage.....

Ilango said...

3.00PM TT & Chart updated.

Prices failed to close above HHEma-5551.

Got sold off @ 5551+10-20 points @ 5561.

amber said...

Sir ILango ji sent a mail to you on 5 august from omhr management@gmail.com , when time permits kindly check , thnx

Ilango said...

@ Aly,

Ask however silly it may sound.

I'll answer them objectively.

Let me add:

"C" wave need not be an impulsive sharp 5 waves all the time.

It could take many other forms too. For eg: Triangle. But we'll come to them when we see prices not conforming to an impulsive nature and technicals start to give opposing signals.
Until then, we'll follow.

anmpatel said...

@master
what is the hrly channel support now? the small blue line b/w (i) and (ii).
thanks. and can u guide what will be the good part book if we shall @HHEMA?
thanks.

Ilango said...

Hi..amber,

I read all your mails.

I'm eternally grateful to your acts of prayers.

I do the same for you in my prayers.

anmpatel said...

@master
when can we say (ii) done? below 5487.80?
thanks.

Ilango said...

@ anmpatel,

If you initiated as an "Intraday trade", book out your profits.

Below 5511, it will break.

If positional re-sell, keep it.

Ilango said...

@ anmpatel,

It is not possible to state such stuff categorically as these are sub-waves. Labeling them guides me quite well and if prices act opposing to such labels, the act of labeling compels me to look at the structure from the alt. point of view.

As I have repeatedly been saying, "Until the weekly trend gets exhausted, we should have our negative bias".

anmpatel said...

@master
thanks...it was jnsar partbooks lot's re-entry...and also break 5511...so keeping..
thanks. god bless you.

shree said...

5561 to 5508

95 %

anmpatel said...

not going to close below HLEMA...

Ravi Pillai said...

SIR
After many long days You chose to be with us near EOD.
Very useful.

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