Thursday, August 8, 2013

Nifty Intraday Update-III


45 comments:

Ilango said...

ak said...
sir
i have taken short position as the trend is sell on rises
plz advice what would be sl for shorts
August 8, 2013 at 1:24 PM

At what prices, you took the "Shorts".
What was the reasons, the entry point reasons?

How are the factors doing now after your shorts.?

anand said...

Sir
For the day 5 waves done from 5510 to 5566 and now an irregular correction with B touching 5567 again?
A simple count i try :
(1- 5543, 2 at 5512, 3rd at 5563, 4th at 5543 (just a top of 1) and 5th at 5567, A-5542, B- 5567 again)
also making double top?

Jigar said...

@ Ilango Sir,

Can we consider 5721-5487 retracement in current scenario ?

5604 (50%) - 5631 (61.8%) levels to short

ak said...

sir
i took shorts at resistance 1 mentioned in tech table,that is 5558
as the trend is sell on rise

thanks for the reply




Jigar said...

@ Sir,

Even 34hrSMA is also in that range

Prabakar said...

For rest of the day, BNF should hold 9854-60, 9838-20, below this downmove may continue

anmpatel said...

@s4s

pt 5 fix ho gya kya? ke abhi baki hai??
thanks.

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

G.Afty Master & JN Family,

Sensing a ABC ZZ got done here, or nearing completion ..

a/i 5492 5561 69
b/ii 5561 5508 -53 -76.8%
c/iii 5508 5570 62 89.9%

C=A zone is 5577 NS

Prabakar said...

Advance RAMADAN WISHES TO ALL to all.

Have a Nice Weekend.

Ilango said...

@ Jigar,

"5570", hour channel resistance.

"5576" is 38% retrace.

anmpatel said...

contd -ve divergence in 5 min chart from 5561 high...
t/f 5 min
stoch 5,15,5
rsi 9,9

can anyone agree??

dharmu mishra said...

dear friends could anyone explian me in above chart hour and 35hr D;21 and 34hr(in red color)sma its meaning as far as i understand top chart is hourly with 21 and 34 hour sma crossover but what is this 35hr represent to .and fullform of ST thanks

shriram said...

huge intra OI add @ 57CE, significant adds @ 56CE also...

OTM CE activity suggests ceiling is being built @ 56-57 Strikes.

Hr Oscill behaviour suggest this Rise 5492-5570 is Hi-FreQ & losing ENERGY (about to invite the next wave down).

Need to see how price behaves near DLo / 34EMA,30mins combo zone now, EOD basis...

satheesh said...

Prabhakar - your ramadaan wishes reminded me of tomorrow's holiday :) So, today is EOW !!!

Jigar said...

Thanks for replying to my query Sir :-)

anand said...

Jai Shriram !

So with this "trend remains down" ?
and even if day closes above DevDLEMA, the week down would suggest to follow the "downtrend" only ?
Or time to cover shorts with Close >DevDLEMA today?

sanchjit J said...

@ Shriram

That was reassuring :)

anmpatel said...

@sathees
yes madam...weekends...and week trend is missing!!!

shriram said...

@ Anand:

I am not sure how u trail a Swing-trade.. so in ur position, i will say follow 5DEMA if ur short from way above.

Wrote this from Fresh trade Entry view-pt , small SL, gr8 set-up :-)

satheesh said...

@ anand,

Close above Day LEMA can be considered as a pause in the current trend rather than trend reversal.

ak said...

jai shriram

sir thanks for your analysis it hepls to guide new traders like me...
and we learn much

ak said...

@s4s
sir plz update about WW pattern
thanks

shriram said...

TELCO has fallen out of a long TL support @ 280 spot..

Symm. trig Breakdown on Wk TA, any one ?


Swami Shivkumaar said...

Option premium eating day. NS struggling at DLEMA

anand said...

Thanks Shriram, thanks Satheesh !
Need to remember "pause" vs "reversal"!
In a normal move, following EMAs, closing above DLEMA would ask for putting small longs/covering shorts; however due to strong downtrend - week as well, i would go with 5DEMA to confirm even the "strong" pause!
this also seems to be in lien with EW labels and we are still in the 3rd wave/Large C down (taking pause near/at last major low of 5477 in the week)!
Thanks again !

ak said...

now above DLEMA comfortably

anmpatel said...

@master
if nifty break 5570..hr channel resistance...will it consider as 4th or is there any alternate EW count....
asking because todays count (intraday 5min) confused me???
thanks.

SJkolkata said...

Premium in Nf down to 20rs from average of 35rs in this series and good fight for the 5600 level.
Low volume day in NF but huge additions in options suggesting of some built up and whoever wins this fight will take the cake.

shree said...

NS...Y'day's high surpassed......

Ilango said...

3.00PM TT & Chart updated.

shree said...

closing above DLEMA????

shriram said...

Master,

5wave done (c = a @ 5577) from 5508 ?

Prithvi Chidambaram said...

Remember
4th wave always breaking the channel

Ilango said...

@ shriram,

The sub-waves are choppy & not clear.

Prices, having opened with Open & low same @ 5510, has trended up based on Hour TA for the day.

Now the struggle would be for DLEma-5563.

anmpatel said...

@shriram
very good...salute bro..u r next to master in patterns and EW..
thanks.

ak said...


hoping for some downside next week,let the power of weekly tech come in to play

bye all enjoy your holidays

Amol Sharma said...

open low was same and stayed up all day.

satheesh said...

Shriram, as per my charts - the yesterday's Low 271.8 hasjust touched the support line of the triangle.

Both Day LEMA and WEEk LEMA is 278. Sir has shown in his charts both bullish and bearish possibilities from these levels in monthly charts. Hoping for a close below 278 for more lows. Else again a tussle between 278 - 290 (200 DMA)-also week triangle resistance - is possible next week.

satheesh said...

BTW - did you notice the huge volumes today - much greater than yesterday - So definetely some big move is on cards.

shriram said...

Master : thanks sir:-)

@ Satheesh: thanks.

SJkolkata said...

Satheesh,
'Nifty Future volume today is only 103 lakhs as compared to 181 kahs yesterday,
Its a very low volume day.

Ravi Pillai said...

Now the struggle would be for DLEma-5563.

SIR
DLEma Holding.
Hopefully waiting to close
my
BASIC JNSAR based trades profitably
AGAIN

Ravi Pillai said...

5565

Moved above by a whisker

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