Monday, October 14, 2013

Happy Vijayadashami.

Last rise seen as from 5994 to 6108. Intraday weakness below 38%-6065, also 2 Hour lows. 
More weakness below its 50% retracement @ 6051.
Holding the same, uptrend continues.
Resistances continue to be @ 6093-6112-34, early peaks/ supply points. Once & if the supply is absorbed, new highs would be seen.
Happy Vijayadashami.


76 comments:

San said...

Good Morning Ilango Sir and Friends

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Bala C said...


Good Morning, Ilango Ji

venkateshspices said...

Good Morning sir & friends

rama balaji said...

GM Ilangoji & all blogmates

m.veerasamy Maruthai said...

good morning sir and blog mates

Kumar said...

Namaskaaram GuruJi and Brother & Sisters,

Good Morning. Have a Good Day. Vaalga Nalamudan & Valamudan.

NEVER GIVE UP said...

Good Morning Sir & All Friends & Happy Dushara To All.

Ravi Pillai said...

SIR
Good Morning.
Ravi

amber said...

Sir ILango ji charan vandan and everyone morning

Manish said...

Goodmorning master and all friends,

Happy Vijaydashmi to All of you.Have a Grt trading weak...

Stockathon said...

Good Morning Sir and Friends...

RainMaker said...

May this Festival season bring all round happiness.

Prakash said...

gud morning master and all frnds

venkatapathy l said...

Namaste Ilango Sir and blog friends

LV

shriram said...

GM Master & JN Family,

Happy Vijaya Dashmi to all !

vk said...

Namaste Guruji.

Adrian Jose said...

Good Morning Ilango Sir and Blogmates

Nilesh Patil said...

Good Morning Master & Friends

DZIRE said...

Namaste Ilango Sir and all members.

DNSHUKLA said...

Good Mng Sir and Friends.

dv pandit said...

Happy Vijay Dashmi to Sir & Blogmates
Taken Short position

sarvesh sharma said...

@dv pandit, pls dnt post trades.

shriram said...

1 or 2 EOD close > 6190 , & a hi-prob, that the I-HnS will trigger towards 6500 & more NS

sarvesh sharma said...

@ shriram ji, connecting line comes around 6160-70..is 6190,,you have added some filter?

Squander Star said...

Good morning master and blog mates

shriram said...

@ Sarvesh:

same line.. just need some sustaining above the line Day close basis, & the pattern may unfurl

sarvesh sharma said...

thank you,,...sir has removed the green labels on upward movement and has put only B there..little concern

SANPOT said...

Good Morning I lango sir and Blogmates. Wish you all a Happy Vijayadashmi.

sarvesh sharma said...

@ shriram,seems like sir is busy..and google charts are also not working today..please post dev dhema, and whema and mhema please

hari said...

Ilango sir,

If it is wave iii, it shouldn't be lesser than wave i (5877-6033) = 156 pts
So wave iii 5994 + 156 pts = 6150 & above

Kindly clarify

Sanjay Jaiswal said...

Dear Ilango Sir & Blogmates,

OI Table Update at 11:00AM, Pivot-6115, R1-6158, S1-6087, VWAP-6128

Huge addition at 6100PE, seems like dips will be bought for the day as no addition seen at either 6100 or 6200CE…

Thanks & Regards

J.R.Julius said...

Good Morning Sir & Blog-Mates, ♥
Happy Dussehra to All.

Prithvi Raulji said...

@master,

Can we address 5701 as a 4th and we are in 5th from there??

varun kumar said...

@ all
Please somebody post nifty hourly data for 1000hrs and 1100 hrs.
Thanks

Nikunj Dharsandiya said...
This comment has been removed by the author.
Piyush Sharda said...

6093 6083 6123 6123 10 am
6123 6125 6102 6107 11 am

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Sanjay Jaiswal said...

Dear Ilango Sir & Blogmates,

OI Table Update at 11:00AM, Pivot-6115, R1-6158, S1-6087, VWAP-6128

Still no weakness seen in OI Table though Nifty is in small red, Looks like Buy the Dip still working with huge addition at 6100PE level…

Thanks & Regards

shree said...

Nf...6145/6132... crucial...trading either side will lead next journey

Aly said...

My observations thus far:

Nifty has got resisted at the trendline joining 6229 and 6143 highs. It has broken down below the ascending trendline joining the lows from 5877 but not correcting much from there implying underlying bullishness

shree said...

Nf...6145/6132... crucial...trading either side will lead next journey

shree said...

its below 6135.......BN leading in fall

shree said...

Hanging man ..and follow up selling ????

Sudipto said...

when is reliance result?

Aly said...

@shree,

I am not sure if Hanging Man pattern is still vaild. Nifty has already broken above the Highs of Hanging Man pattern. My understanding is that the pattern gets violated.

further, this pattern isnot supposed to be very reliable

Rakesh said...

@ Sudipto,

Today evening around 6-7 PM

~Rakesh

shree said...

Its gone...above 6145.....only one 5 minute candle below 6135

DZIRE said...

High Volume Trade today recorded at 6106 Nifty Spot level with value of 54 lacs. On Friday Mynac observed even bigger volume trade in Nifty.

Distribution going on here considering we are trading at higher end of trading range or preparation of another upmove ??

Will wait and see.

dv pandit said...

6140 is coming if Nifty cross 6125.

Aly said...

@DZire,

given that after the HVT, Nifty has moved up, does it not indicate that the trade is on long side?

DZIRE said...

@ Aly

Well i wont treat this 20-25 points bounce as an Upmove since HVT's happened around 6100 levels and we are still within striking distance of that level.

6144 holds the key which was previous swing high.

I am not stating these observations as part of my trade.



dv pandit said...

In preparation on NR4 ?

shriram said...

--> back

@ Dzire: Flat Volume HVT price is often a close approximation to the POC (PVP of Market profile).
Generally if price is trading > POC, it will seek VAH & beyond in case of trend.

Ur right when u say 6144 NS holds the key. But pl do keep an eye on all the BULLISH patterns of the indv scrips , & OI adds @ 6k, 6.1k PE .. seem to suggest we may see an Impulse ?

ofcourse, this is all informed guess-work as of now, and valid as long as 6021-6096 gap !

Hv to wait for price to prove right, or otherwise :-)

DZIRE said...

@ Shriram

Let me be very frank here and say that HVT's doesn't constitute even a .1% part of my trading system we can only draw inference based on our previous experience.

To keep it simple one can also use it as a SAR . One stays LONG till price trade above the HVT levels and stay SHORT if prices dips below the HVT's level. Then it becomes a very simple trading system.

What are your preferred EW counts now ? I am still with "b" wave till 6144 resists. Long or short we will know with the help of TT which is currently LONG.

Prabhanshu Raman said...

If ns close is < 6103 then bearish hammer

DZIRE said...

@ DV Pandit

NR4 ??

It is NR 7, NR14, NR55 day !!!

Last time Nifty had intraday movement of less than 41 points was on 23 July 2013 when Nifty just moved within a narrow range of 32 points.

shriram said...

@ Dzire:

SAR while avoiding MIND MADNESS / confusion, has a HUGE LAG (n-1/2 bars for EMA based SAR, or slight modif. for JNSAR, based on its transfer function "k"). So every system has its +,-

EW wise:
Currently seeing sub-dividing w3 from 5877 NS.. tgting min 6128 NS.. but again standalone this EW label has no meaning (one is unable to quantify / assign any % probability, of its happening)


DZIRE said...

9 Day RSI is giving a reading of 99 today.

It was on 30 Nov 2012 that we last saw those 99 levels in 9 Day RSI .

DZIRE said...

@ Shriram

Yes SAR is good for simplicity but difficult to control mind with.

Tomorrow's opening can guide on the direction ahead and also 16th is a holiday.

Smart Option Writers will now keep rangebound days to eat premium.



RishiM said...

What is the JNSAR value for tomorrow and day after. Thanks.

Harsh Mehta said...

JNSAR for tomorrow 5960 NS

D.S.SASAN said...

Good evening Ilango Sir. Please write 2 lines about yourself. Pray for your well being.

tanayb51 said...

hope, He is well !
usually he states that he is away, but hasn't said today.
might be in some troubles !!

Varadarajulu Venkatesan said...

Dear Ilango and JN Mates

What happened to Just Nifty and Nobody is talking about this break. I hope all is well.

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