Wednesday, September 25, 2013

Nifty Intraday Update-II


34 comments:

Ilango said...

@ Prabhanshu,

Which pattern has failed??

Kiran said...

Looks like we have done High and Low of the day...

Aly said...

Dear Ilango,

5 moves down completed or one more downmove pending?

Prabhanshu said...

Sir. . none but by saying pattern may fail. .I meant I should not rely only on patterns which I think I m getting carried away nowadays

m.veerasamy Maruthai said...

GOOD AFTERNOON SIR AND BLOGMATES

Ilango said...

"5851-63" is 38%-50% of last fall.

Strength above "5874 or 5892".

Prices have taken support near earlier "cluster support zone of 5798-5816".

Ilango said...

@ Aly,

From the high of 5938, 3rd done @ 5814.

If bullish, low is done or one more low above 5798.

If bearish, as a first step, close should be below DLEma.

Ilango said...

@ Aly,

Read as:

From the high of 5921, 3rd done @ 5814.

Aly said...

Thank you sir for your response

anmpatel said...

@master
all loss covered by sticking jnsar...
thanks for being us
god bless u..

dharmu mishra said...

Respected llango sir pls explain imp of 5793

D.S.SASAN said...

Good afternoon Ilango Sir and blog mates
@ S4S : Sir your comments about bullish WW at 10.59 are still valid?

D.S.SASAN said...

@S4S : the comments were written yesterday.

Prabhanshu said...

Getting support at 5820 every time. This need to be broken for new low.

Can someone tell the current OI scene at the 5800?

Venky said...

@Dr patel, thank you for you too. I was about to close my shorts and I saw your post at 10:44 hrs. Me too covered yes'day whipsaws.

Trader Junkie said...

well, there is a bearish flag forming on 5-min and 30-min...however, there is support at 5800-5810 so needs to break that for the pattern to come into pay and give about 40-45 points from 5810 on the downside.

PE writers are protecting 5800 for the time being

durga said...

@PRABHANSHU
OI changes very fast
difficult to interpret
to make money---simplify
just follow master--do no9t check multiple parameters
ALL THE BEST

Ilango said...

@ dharmu mishra,

Spot "5798" in the above chart. You'll understand its importance.

Sanjay Jaiswal said...

Dear Ilango Sir & Blogmates,

OI Table Update at 1:00PM, Pivot-5918, S1-5872, S2-5830, VWAP-5870

The CE writers have taken over the Option Table for the time being with huge addition from 5800-6000CE level, upside if any will restrict itself below VWAP…

Thanks & Regards

Amol Sharma said...

Good Afternoon All ; Thank you very much sir.

Aly said...

descending triangle with break below 5820 may target 5800 levels

dharmu mishra said...

Respected llango sir thanks its base support of expanding triangle

Prabhanshu said...

Seems days low will remain protected.

sarvesh sharma said...

@ Ilango sir, a question about the management of trades...is it prudent to book one lot around W5EMA in this case and keep selling at resistances on bounces and if bounces do not come can we still book out one lot here and then resell on break of 5795-98..Is this the right way to mange trades and keep adding/booking profits?
thanks and regards

Prithvi Raulji said...

@Master,

At which level green abc possibility invalidate and contd to ride for iii without fear??

durga said...

WITH DUE RESPECT TO MASTER ILANGO..
@sarvesh thats the correct plan .iam doing the same
iam planning agggressive longs wth small sl also

sarvesh sharma said...

@ Durga, thank you ,, it sometimes, whipsaws...nothing else..just wanted to be sure if it can practised regular on smaller time frames like 5 minutes and 15 minutes too? what r u doing?

Kumar said...

Call writing seen @ 5850.. people playing in the counter rally should strict SL...

mayank said...

Sir,

How to read this highly oversold lead indicator chart???

durga said...

@sarvesh
just folow one principle
whateveryu do inwhateverTF ..THE IMMEDIATE HIGHER TF SHUD SUPPORT YUR ACTION
if you r against day trend rt now use small stop loss

Ilango said...

@ mayank,

You'll read it much better if you combine the Day lead indicator posted in our EOD post.

Try it.

mayank said...

Sir,

Actually i was comparing that in previous occasions when hourly lead indicator went below 10 , the bounces came .. so sharp fall from here is not expected..

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