Friday, September 27, 2013

Nifty Intraday Update-III


33 comments:

Ilango said...

A 5 waves done from 5847 to 5882.

Micro manage your trades with retrace points.

5860-65 is 50%-61.8% with 5854 as 80%.

sarvesh sharma said...

sir, thank you for pre market view today and every day..it gave 3 trades in each direction for 20-25 points intra, thank you sir,, despite preparing note at night,,i am unable to draw so clear conclusions as yours..hats off the way you have earned and used your experience

shriram said...

--> back

Looks like EOW Close will be > WkEMA & DLoEMA

Supports: DLo / Dev.Wk (5855 / 5820)

Res: Dev.DayHi / Dev.WkHi / St. DEMA (5935 / 5921 / 5899)

shriram said...

And intra 59CE writers r ahead as of now...

shriram said...

Master,

can it be prudent to assume Wk EMA stabilization (pull to 5793), if NS continues to trade < Dev.Dlo EMA ?

Amol Sharma said...

5834-5829 is good area for support. joined campaign

Kiran said...

Faster retracement...

sarvesh sharma said...

sir, the ferocity of fall from 5882 looks like 1st of 3rd or still uncertainty

Ilango said...

@ shriram,

Last rise's 61.8% @ 5860 broken and the 80% @ 5854 suggests correction continuing.

For a 3rd wave possibility, waves sub-dividing is the only reason, a clear 5 was not possible from 5918.

It still could be "b" wave as the "c" would provide for "Sell on rise" in weekly signal.

shriram said...

mm.. true master, thanks for the view.

sarvesh sharma said...

thank you sir, i got my answer in your reply to shriram!

Stockathon said...

Thank you Sir for your timely alert for the retrace of 5847 to 5882 with 80% at 5854.

As 5854 was also the DLEMA as well the Camarilla's LL4 was also at 5853.

All these nos. coinciding helped to take me informed decision.

Thanks once again for giving us the Hi-Lo system.

Ilango said...

3.00PM TT & Chart updated.

shriram said...

Tonight's gonna be a good night :-)

RS said...

@shriram,

Gap down ???? or Gap up ???? monday :))

RS

Ilango said...

A 5 waves done from 5882 to 5820.

shriram said...

@ RS:

Asking me, Monday Gap up ya down ?

Thats like asking a Murga for an Anda... ;-DDdd

Jokes apart, For now the clear support is St.WKEMA @ 5793 NS ...so lets c

Prabakar said...

BNF broke Day(10018) & Week(9987) support, more lows to follow?!!! need to wait for next week.

Raghavendra said...

Dear All,

Developing Day low EMA = 5845

Raghavendra

bizagra said...

Ilango sir...closing below DLEMA....does not mean we are in 3rd down??? Do we still have possibility of c up??Thx

RS said...

@ shriram - lolz :))

Ilango said...

@ bizagra,

Both possibilities exist.

Kiran said...

4 th time in recent we have Day's low around 5800-20.

RS said...

@ shriram - lolz :))

RS said...

ab to 6000 dikhaado nifty .... pichli baar short karna reh gaya tha :)))

RS

shriram said...

@ RS:
To simple EW eyes, following ZZ form seems hi-prob, as playing out

a/i 6142 5811 -331
b/ii 5811 5917 106 -32.0%
c/iii 5917 5586 -331 100.0% ** in play

Cmin = 0.618xA = 5712


RS said...

@ shriram,

hmmm...quite possible

RS

shriram said...

Alt.. can consider

move from 5811 -5917-5820** as a ABC in play

If so, one more rise towards WkHiEMA & then a fall ??

RS said...

@shriram,

I am just banking on oversold lead indicator and gap at 6020. Otherwise JNSAR n all other averages/EW are screaming short.

jayant said...

NIFTY SPOT BELOW THE 200DMA

anmpatel said...

closing avg anybody? i am on mobile..
thanks.

shriram said...

@ RS:

Dev. MnEMA @ 5747 , beloved Shani Maharaj , is a also a Big no. comin up on Monday.

If held, it would be a Bullish close on Mnth.. so lets c wot Monday Brings!

Bye all, Have a nice weekend :-)


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