Thursday, September 26, 2013

Nifty Intraday Update-I


57 comments:

vksoni said...

Friends today is expiry
and lets have
a contest here.
September Nifty Expiry
Guessing Contest.
The rules are simple-
There are only
3.
a) Just call out the
series close for
september.
b) No wild guess. A
reason is must.
Everybody must give a
expected close
figure and reason for
that.
no range
(4000-4050) ,only one
figure
e.g.4000
c) You need to do entry
between 9:15
to 2:30, hurry up
Seniors plz contribute.

Trader Junkie said...

corrected - weekly 5ema ...5824..please revise my guess from 5820 to 5824...

Stockathon said...

Good morning Ilango Sir and Friends...

Piyush Sharda said...

esterday atharva asked a question based on indiachart comment of 5 wave from 6142-5811
'Master : Indiachart asked one qtn , I would also like to have your comment on same if you wish to..thanking you.. meanwhile 21SMA 5887 and falling'
my 2 cents
if u look at sir chart all possiblities when ew combined with ta is covered, for this possiblity of 6142-5811 scenario there will be a retace to trendline of broken channel and fall.this is covered in red count . else prices will rise to 6142+ for that green count . so ew is combined with ta and a complete logical plan is there to deal with any scenario

Piyush Sharda said...

typo, yesterday instead of esterday

Ilango said...

@ Piyush Sharda,

I did not reply for the simple reason that "I just can not see the fall from 6142 to 5811 as "i,ii,iii,iv,v".

I could see it as "abc-x-abc" or 1 done @ 5855 with a clear ""i,ii,iii,iv,v" and an irregular 2nd wave is on.

These are the two possibilities I see.

If I go wrong in my perception, it is not going to affect me at all since I have "in-built trade management principles that negate a particular view or keep it in contention with further confirmations".

Varadarajulu Venkatesan said...

Good Morning Master and JN Mates

My expiry guess is 5838 because it is just below 200 DMA, below DLEMA and also Nifty's 5850 option will have effect in this expiry.

Thanks & Regards

Bharat Kumar said...

Ilango Sir - Your observation, "If holds the above levels in the opening session, prices could rise by 73 points(5884-5811).", 'may' come into force if Nifty holds these levels for the 1st hour, or the 1st session(10-1p.m) of today's trade?

mynac said...

Expiry Guess:
5925..i.e. above WHEMA... cause Oct.NF O.I.below 2 Cr.does not indicate immediate fall "TODAY".

magna said...

My expiry guess is
5937 because it is .38% retrace.

Atharva said...

Dear Master, Piyushji, Gm.. thanking you..

shriram said...

GM Master & JN Family,

Have a gr8 day !

Prabakar said...

Namaste Ilango Sir & JN Family

My Expiry No. 5934 based on Hr. MACD.

For BNF intraday, good resistance at 10139-10159, only moving above this will give good upmove,

Ilango said...

@ Bharat Kumar,

Opening session means the "Forenoon session".

mynac said...

In first 2 Hrs.trading,Sellers unable to keep Nifty below Today's HVT 5882.60 convincingly and 9 lac intra addition @ 5900 PE ....would be first indication of Bulls intention,to cross 5900 in latter session.. Let us see... Bye for the day...

dharmu mishra said...
This comment has been removed by the author.
dharmu mishra said...

PIYUSH JI
in which time frame u go for labeling of EW for intraday movemens and trading

Raghavendra said...

Dear VK Soni sir,

My expiry number is 5955. Above developing DHEMA + 5 points.

Other reasons :
Assuming corrective fall from 6143 as "B" wave due to absence of faster retracement + Hammer yesterday.
Week trend assertion to start with prices closing above DHEMA.

Raghavendra

AJIT PATIL said...

My expiry guess is 5985 WK PIVOT-

Piyush Sharda said...

@dharmu mishra ,
sometimes i try intraday and take confirmation from sir.

dharmu mishra said...

piyush in which time frame we can look at it with ur experience

Aly said...

I think nifty will move in the range of 5880 - 5900 till 3 pm and may try 5950+ after 3 pm

Karthi Keyan said...

Ilango Sir what is Ur in-built trade management principles?,give it to all for moneymanagement uses

dharmu mishra said...

piyush
or we should do wave counting in hrly charts only and only observe retracement support resistance TT during intraday move of market i m new to subject require seniors guidence

Sanjay Jaiswal said...

Dear Ilango Sir & Blogmates,

OI Table Update at 11:00AM, Pivot-5878, S1-5832, R1-5935, VWAP-5886

Based on OI addition till now, most probable expiry range comes to 5850-5940, with huge addition at 5900CE and 5800PE…

Thanks & Regards

dinesh said...

Expiry guess 5952 being the upper end of the VIX range and also +30 of WHEMA &+20 of developing Day JNSAR

sarvesh sharma said...

@ shriram ji, does the rally from 5813 lookes like a bull flag in maaking in 5 min utes chart and an ascending triangle in todays price action? does that hold right or not with BO above 5895 with targets of 5915 and 5968?

Piyush Sharda said...

@dharmu mishra ji,
try first on hour then intra. always pay attention to what master says. try one thing and when u r
comfortable add new tools.

srinkr said...

@ V K Soni,
My expiry guess is 5970 based on volatility.

jvr said...

@ vksoni
Expiry at 5935 @ todays JANSAR.

Waquar said...

Ilangoji,

Does it looks like an ending diagonal in the 5 wave move from 5811 ??

rose mary said...

Master,

Would like to see if you also participate in Expiry Contest :)
I am sure it will benefit all of us.

shree said...

Expiry.....5825......S1 and 80 of 5811 to 893

Amol Sharma said...

Good Morning All. My expiry guess is 5920

shree said...

Expiry.....5825......S1 and 80% of 5811 to 5893

ak said...

expiry guess 5850 as support at 50% retrace

resiting near 5900 due to option data prices will move towards support

ak said...

@bepositive
any reasons for this number

shriram said...

@ Sarvesh,

seems a clear -WW on 5mins to me... Brk down below < 5878 NS, can show 5850-30

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salildali said...

Nifty will be at 5957 to form right hand for H & S pattern

vksoni said...

@Amol Sharma
reason?
@bepostive be nagetive
one figure with reason

Amol Sharma said...

Take care, Kahi Breakdown Na Ho Jaye Because JNSAR is down for now and nifty trading below 5 dema and negative divergence and OI ......

Ilango said...

@ Waquar,

5 done; correction to it also done @ 5864.

Next rise is on as long as 5880 holds.

Amol Sharma said...

@ vksoni sir at week Hema

vksoni said...

Request to all please dont call me sir
Thanks

prakashbkc said...

GM Master,

Retrace for the same is @ 5839-48, 61.8%-50%.. Weak below 5826, 80%.
If holds the above levels in the opening session, prices could rise by 73 points(5884-5811).

From which level price rise is 73 Is it morning low formed from 5864?

anmpatel said...
This comment has been removed by the author.
mayank said...

Expiry Guess= 5805 ( Participating first time )

1) VIX at support
2) Nifty may go upto 5 dema only in corrective mode
3) Closing below JNSAR for 2 consecutive days.
4) Fast fall set up in 21 & 34 hrsma's
5) 5800 put writers stay in contention so just near 5800.

Regards

naresh ganesan said...

EXPIRY GUESS FOR NIFTY IS 5936

NEAR DHMA.
ALSO JNSAR

Waquar said...

vksoni sir, how are you today ? :P :P

Prabhanshu said...

My take is either 5950 (mid point of broadening top) or 5750 (lower trendline of broadening top).
Since jnsar is short and 5800pe high OI which will break (expect the unexpected) and unfilled gaps need to be filled before resuming upward journey

So my number is 5750.
Note it might come by month end as well if not today. My guess.

ITradeForProfit Daily said...

My expiry guess

5780 DH - ATR (i.e. 5900 - 120 = 5780 )

Kiran said...

Do or die for Bulls in Nifty... 5 to 10 points slip could be costly for bulls.

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