Tuesday, October 29, 2013

Nifty Intraday Update-II


24 comments:

sudharsan said...

Jnsar triggred !!!!!!!!

shiva said...

Sir as per my understanding, Jnsar ,triggered on short side ,with 20 points, s/l it comes 6177,or 6174,(as per tomorrow's JNSAR)...experts please clarify, regards...

Obsessive Lover said...

how can banks rally after a rate hike?? its all illogical..
yesterdays rbi report reduced gdp forecast and increased inflation forecast..
why do the markets not react to such news??

dv pandit said...

Sir, JNSAR hit 6154 & +20 filter, 6174 also so it is clear buy?

ITradeForProfit Daily said...

@Obsessive Lover,

Remember Markets can be illogical for far more longer than you can remain solvent.

Take care with such notions and beliefs. Do not fight the market. Step aside if markets don't take your preferred direction.

sudharsan said...

Nifty near golden ratio 6187 (for entire fall from 6252 to 6079)

ITradeForProfit Daily said...

ND Sir's ATR Breakout target done.

raman perumal said...

after c wave how can u label this upmove sir

Ilango said...

@ raman perumal ,

Ilango said...
@ Prabhanshu Raman,

From 6169, there is a clear 5-wave fall with some leading diagonals in the 1st/ i waves.

If it moves past 6151(80%), the fall from 6252 may be taken as a 3 wave fall and the rise as "B"wave or next uptrending wave.
----------------------------------------------------

Label it as "abc" from 6079 as well as "i,ii,iii" presently.

Prabhanshu Raman said...

Restricted at dhema+20 ie 6212.

ak said...

options experts whats the oi scene after this upmove?

sudharsan said...

Ilango said...
Saurabh,

Getting confirmation and acting then on in these studies don't do justice to EW following:

Sub-waves from 5701 presented themselves in a reasonably readable way. Prior to the completion of 5th, prices broke the rising channel and retraced back into it.

Now prices have retraced the last rise fully.

We have two scenarios:

1. Correction for the entire rise from 5701 to 6252 and then another big upmove.(Pref)

2. An @ABC@ corrective rise completed from 5119 to 6252 and prices are reversing back to downtrend.(Alt.)

October 28, 2013 at 2:25 PM

@Master can we say the big upmove is on????

Prabhanshu Raman said...

Sir, seems iii or B completed at 6210. But out of B wave up or next upending wave. . Which is your preferred

Aditya said...

Resistance at Dev. DHEMA 6197+20 = 6217 which also coincides with 80% retrace of fall from 6252-6079

Ilango said...

@ sudharsan,

Since the fall is of 3 waves from 6252 to 6079, it could be:

corrections completed & the next big upmove is on.

OR

Correction would continue as a "flat" (a normal or an irregular.)

Hence,

only a price move above 6300(approx) would confirm the big one.

sometimesbullsometimesbear said...

Bhav Bhagvan che...Ilango Pujari che....
Aapde sab bhakat che..........
By Shriram......:):)

Keep logic aside and do this mantra japam daily.....:):):)

PS: If u have ur own time tested system then make it ur bhagvan...:):)
If u can combine it with JNSAR make both bhagavan...:):) Ek pe ek freee...Diwali...:):)

Prithvi Raulji said...

@master
Lead indicator down since 5 days but price not down , also RSI retrece and may come in momentum in upside , is these are enough for new high , only macd make me fear but JNsar is now long , wts ur view?

prakashbkc said...

GA Master,
Master , how u identify which fall retrace has to be considered for labelling accurately and which time frame has to be considered for such retracement? If possible kindly share more info about this

Piyush Sharda said...

sir dbl zigzag retracing 80% 6215?

sudharsan said...

Master Considering The weekly indicators which are in overbought zone ....can we conclude that this upmove can be a Correction as a 'Flat or irregular???

Ilango said...

Bullish:
6178 6167 ... is 38%-50% retrace of the last rise from …… 6121 to 6213

80% is - 6139

If strength to return again, it should be around 6178 6167

Weakness gets confirmed Below 6167 OR 6139

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