Tuesday, September 24, 2013

Nifty Intraday Update-III


57 comments:

shree said...

JNSAR followers ..what is position?

Aly said...

Short with a stop-loss of 5923

sarvesh sharma said...

@ shree it whipsawed twice..i currently hold no position will surely carry a position EOD..shall tell about mine then.looking out how others taking it..sir has taken jnsar as 5923

Prithvi Raulji said...

I think aly and shree are same ID.

RS said...

@ Shree

Long at 5902 with SL of 5880

RS

Aly said...

and Prithvi, why do you think so?

anmpatel said...

@shree
3 whips done so no positions.
if close below 5923 will carry shorts...

Aly said...

If it holds 5900 approx., it may be forming a contracting traingle which may break on the upside with break-out level of 5923

shree said...

I am short in OCT option

shree said...

I am short with OCT option

shree said...

this might be final blow

Prithvi Raulji said...

@amnpatel,

R U from ahmedabad??

anmpatel said...

@shree ramji
kindly check mail...and rply when free
thanks

anmpatel said...

@pruthvi
yes. you too?

Aly said...

another consolidation day with a close around 5900 or will nifty try to resolve the range by EoD?

shriram said...

@ ANMP : ye to haadh kar di ;-)

Aijaz said...

No one can come along with us till end except our knowledge and good things we have done to others

anmpatel said...

@Shriram
again check mail pl..

anmpatel said...

@pruthvi
at bopal....tum us paar...hum is paar...infact i have many relatives at Naroda...

Aly said...

option writers must have been making hell of a money today with this volatility

dharmu mishra said...

respected shreeram sir pls guide me regarding any one TA book which u rate the best

Sandip Patel said...

thas is the why i have asked about the whipsaw in JNSAR. today so many whips.....Didnt take any trade yesterday.

Now today clearly in sell mode

Thanks to sir to give knowlege....

Prithvi Raulji said...

@anmpatel

Which broker service you use??

shriram said...

@ Dharmu:

was already discussed on 3rd Sep'13... pls start reading these. Ask doubts only after u hv sincerely read the books, else will not be useful to u @ personal level pls.

http://tradeinniftyonly.blogspot.in/2013/09/nifty-intraday-update-i_3.html

Prabhanshu said...

And double bottom?? If dlema is not broken now then bo above 5920 with tgt 5960?

Prabhanshu said...

And double bottom?? If dlema is not broken now then no above 5920 with tgt 5960?

Aly said...

Prabanshu this also gels with a=c if it is abc correction to downmove from 6142

Ilango said...

Choppiness' other name is "b" wave.

Aly said...

can the Call-Put writers at 5900 hold nifty at 5900 levels for next 2 days?

dharmu mishra said...

respected shreeram sir going throug it one by one but i thought of best book for TA with ur experience this can save my time sir

Aly said...

Dear Ilango,

i had asked a query. Repeating it again here. Please answer if time permits:

From EW perspective, You havenot considered the scenario that nifty may have completed only 3rd from 5119 at 6142 and this downmove can be a 4th (channel breach and move back into channel) and a 5th up may be pending. What is the reason for that?

Prithvi Raulji said...

@Master,

'b' Means??? 'c' upward pending??

shriram said...

@ Dharmu:

every book has something. All r best !

Rakesh said...

@Prithvi Raulji,

I think it's other way around. A was down from 6142...and may be b have to rise from 585X something....and 'c' wld be corrective down...

Ilango said...

Aly ,

It is that "form" which compels me is the "Preferred one".

dharmu mishra said...

respected shreeram sir thanks for each and every guidence

Aly said...

Thank you sir,

A triangle forming in 2 mins between 5901 and 5879

anmpatel said...

@master
can we label (a) of "b" done at 5938?
thanks.

Prabhanshu said...
This comment has been removed by the author.
Kiran said...

Oct NF with 70 points premium (Respect to current NS)

Venky said...

sir, can shorts carried for tomorrow

varun kumar said...

@anmpatel ji
What avg closing nifty?
Thanks

Prithvi Raulji said...

Venky,

Master make a JNsar and Follow Jnsar,

Why should asking this Q??

anmpatel said...

@varunkumar
i am on mobile since jnsar whips!!!
in your chart adjest...1min candle and 30SMA average it will guide u...and also tell me.!!

Prabhanshu said...

Morning star in making on daily chart if tomorrow happens to be a bullish day.

varun kumar said...

@ anmpatel ji
Sorry, I also on mobile.
Thanks

Venky said...

prithvi, normally i don't ask but today caught in wipsaws so badly and owing to near expiry bit cautious

RainMaker said...

Toady was a JNSAR day !

anmpatel said...

at least closing below JNSAR...and master also label this is b wave...

Prabhanshu said...

LV.. yes. .correct pattern name is bullish belt hold. .but since this is a single day pattern based on previous 3 day trend read that invalidation happens much. So for more accuracy I took morning star pattern which will get confirmed tomorrow.
But I am still learner so could be wrong as well.

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