Wednesday, September 25, 2013

Nifty Intraday Update-I


J.R.Julius said...

Good Morning Sir & Blog-Mates,
Have a Happy & Prosperous Day. ♥
Success = Faith + Patience + Consistent Action.
Trade Mechanically, Get Rich Steadily.

Trader Junkie said...

call writers are at it at below 5ema, hiema...break of lema (5880) should be watched.

Prabhanshu said...

Sir, we saw Breakout after expanded triangle or broadening top. After Breakout, trend supposed to be reversed and should break the lower trendline of triangle that comes around 5750.
Is this scenario still applicable? If not then why?? Please suggest.

Ilango said...

@ Prabhanshu,

You're asking me to Predict.

All we know from the recent past was:

A triangle formed ahead of a top; and top was made @ 6142 after that triangle.

Current fall could be:

A correction for the 5-wave upmove from 5119 to 6142.


A reversal for newer lows below 5119.

As long as prices keep above "5738", also 20dsma, corrective scenario in contention.
This week end prices would have, hopefully, a new signal to resolve this.

Since closing below DHEma, it is consolidation.

Consolidation for what?-Going up or going down?? We do not know.

But following, we'll know.

anmpatel said...

break of 80% 5872 will confirm this is "c"/3rd down tgting 5810?

STOCK4SURE said...

a small +WW developing

may have formed pt5 near 5869 now

trgt prica is abv 5940 near 2.00pm

Raghavendra said...

Dear All,

Absence of faster retracement of last rise.

Rise from 5798 to 6143 = 42 , 30 min candles. 1030 AM, today complete 42, 30 min candles and prices did not break 5798 making this a corrective fall.


Aly said...

Dear Ilango,

What would be the value of the lower trendline in daily timeframe for today?

RS said...


5 min TF????


Sanjay Jaiswal said...

Dear Ilango Sir & Blogmates,

OI Table Update at 11:00AM, Pivot-5918, S1-5872, R1-5960, VWAP-5903

The 5900CE writers have taken control of the level for the time being, with huge addition of more than 12.5 lacs till now, PE writers are not much active…

Thanks & Regards

Prithvi Raulji said...


how could you get tgt?? a= how much point,from where??

Ajit said...

200dma - 5841
taken some profit!
done for the day

shriram said...

GM Master & JN Family,

have a gr8 day !

Trader Junkie said...

call writing now seen at 5900 as well...

Trader Junkie said...

there is immediate support at 5800 ...

Atharva said...

Good afternoon Master !! Any guideline for part booking .. week 5 ema 5813...
thanking you

Prabhanshu said...

Thanks Sir. ..I was not trying to predict but to understand the behavior of patterns. But at the same time I should understand that patterns do fail and better is to follow trend

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