Tuesday, October 1, 2013

Nifty Intraday Update-I


anmpatel said...

pl guide about subwaves or 3rd...when free.is this rise is iv of 3rd?

vksoni said...

intraday strength above 5767 two hour high?

Prithvi Raulji said...


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shriram said...

Looks like a 5fifer got done today as 5917-5702 NS ..

retraces to watch

100% (a) 5,917
76.4% 5,866.26
61.8% 5,834.87
50% 5,809.5
38.2% 5,784.13
23.6% 5,752.74
0% (b) 5,702

Ilango said...

@ anmpatel,

I have put 5918 to 5701 in Fibo table considering a "5-waves" may have been done.

This could have an intra week rally, followed by a week trend assertion later.

Use this info for making "intraday trades" only.

dharmu mishra said...

dear anmpatel
what i think is as per sirs ystdy pre market view gap 5688-5738 yet nifty covered till 5700 wait for that gap to fill than only expect the bounce
wave3(i) was on and today it halted at 5700 let see weather it gives completion after filling gap and goes for (ii) or it has already started with correction wave(ii) from 5700 which is yet not clear
as per sirs guidence we should not get confused in numbering waves just follow

Kiran said...

C & H pattern being made in 5 min t/f. on NS charts

anmpatel said...

thanks..23.6% done...means we could not label this as 3rd definitely right?

anmpatel said...

lol...i am follower dear but only JNSAR...ye to thoda thoda EWbhi sikh liya jay.....samay ka sadupyog....

Prithvi Raulji said...

Tomorrow market closed.

So main action start today

dharmu mishra said...

dear anmpatel
in my case anxiety rules me always but now i m working on it to controle for me giving an study approach to maket either by EW or jnsar is new but i m enjoying this kind of approach.it is having a reson to understand each and every movement of market

Nilesh Patil said...

Good Morning Master & Friends

Prithvi Raulji said...


anmpatel said...
thanks..23.6% done...means we could not label this as 3rd definitely right?
October 1, 2013 at 10:24 AM

Please,Can u tell me the reason for this is not a 3rd wave??

sarvesh sharma said...

@ shriram, is it a bull flag in 2 min and 5 min with BO points at 5735 and 5760? pole lies from 5700 -5760

anmpatel said...

can't say...but i saw the 3rd what a horror.......this is seems to be a choppy...i know i am wrong but my feeling say so...dont take it seriously. just follow...

San said...


shriram said...

@ sarvesh: yes, tho B.o is > 5750 NS

T1: 5774
T2: 5810

Pattern valid till : 5724 NS

Prabhanshu said...

@Sarvesh. .its Bull flag with bo above 5752 with t1 at 5774 and t2 at 5808 and sl at 5740

Prakash-Pol said...


Blogmates Please I am facing problem with google chart. Not getting refreshed automatically? Anybody facing this problem?

Ilango said...

@ anmpatel ,

5918 to 5701 can not be the total 3rd wave but just a part of it (3.i)

For Bulls: It could still be labelled as "ABC" correction for the entire rise of 5119 to 6143.

In both cases, the direction is down with a "rally possibility, holding 50dsma-5710".

If 80% of last fall is retraced(presently 5918 to 5701 fall), bearishness gets negated.

sarvesh sharma said...

@prakash0poi...same problem here

sarvesh sharma said...

thank you, shriram and prabhanshu

Sanjay Jaiswal said...

Dear Ilango Sir & Blogmates,

OI Table Update at 11:00AM, Pivot-5807, S1-5759, R1-5840, VWAP-5790

The PE writers are back with a bang, with huge addition from 6000-5300 level, small CE addition at lower levels, Seems like BUY THE DIPS and SELL THE RISE for the day…

Thanks & Regards

Prabhanshu said...

Shri. .don't you think that this current Bull flag is taking long time which may make this invalid. .??

sarvesh sharma said...

adding to prabhanshu's question, may i ask how much ratio of pole length can the flag breadth be taken at max beyond which it becomes invalid or taken form of some other pattern..similiar long flag small pole pattern is visible in infy daily chart with bear flag.

shriram said...

@ Sarvesh & Prabhanshu :
61.8% x Pole Hgt is the invalidation pt generally used

For Time Analysis : have no answer , currently work in progress :)

sarvesh sharma said...

@ shriram, 61.8% means if pole height is 60 points the flag height should not be more than 37 points? did i get it right

sarvesh sharma said...

thats why u have put sl at 5724,,

shriram said...

hanji ..

kindly use terms Set-up, Tgt & invalidation pts pls, as we do not give calls here , do we ? :-)

Prabhanshu said...

This time it should cross 5760 else double top and may dip till 5720

Prabakar said...

Namaste Ilango Sir & JN Family

Prabhanshu said...

Shri..oops... Thanks for highlighting this. I am not sure if my posts may sound like call/tip. I am just giving my thoughts here with reasons.
Sir, Please let me know if this is not fine. .I will restrict myself. .

Guru Krish said...

Shriram ji,>>> Many many happy returns of the day ... have a fantastic year ahead!!! .....

Good Morning Master and friends... have a great day!!

shriram said...

@ prabhanshu: was meant for sarvesh.

am a fellow student, trying to be BRUTALLY SELF CRITICAL & follow the decorum set by Master :-)

sarvesh sharma said...

i am sorry, shriram,,,wasn't surely meant that way..a novice cannot even think of it...if happened someway,,apologies..thank you for warning!
and is that your birthday, today? seems like from a message....if so, Wish you a great day and year ahead..have a big party and enjoy!

Prabhanshu said...

Thanks Shri and many many happy returns of the day. . so where is the party tonight. . ;)

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

T1 done but with pin bar in 2 min chart

Jagan said...

Namaste Ilango Sir And All.

Re-entry levels for shorts todays Dlema 5769 OR Yest. Dlema 5803.

nifty rider said...

1 Handsome Boy Class Mein Aaya….
Aur Sari Girls Dekhte Hi Deewani
Ladke Ne Aate Hi Kuch Kaha To Girls
Socho Kya Kaha Hoga ??
Thodi Jagah Dena, behan ji Jhaadu
“Berozgaari ki hadd hai!!”

ak said...

dlema and hour high ema coincides ....lets see how nifty trades around 5770

shriram said...

Thank u Guru, Sarvesh & Prabhanshu : Akkha life party hona mangta, kya ? :-)

Enjoy the Bull flag

Time for early luncheon, Bon Appetit !

Piyush Sharda said...

happy birthday shriram

J.R.Julius said...

Good Afternoon Sir & Blog-Mates, ♥
Have a Happy & Prosperous Day.
Trade Success = Faith in Backtested System + Patience + Consistent Action
Trade Mechanically, Get Rich Steadily.
Wish You a Very Happy Birthday.
May God Bless You.

Squander Star said...


Wish You a Very Happy Birthday... Hav Fun

R.S. SUNDARAM said...

Dear Shriram : Wish you many more happy returns of the day. May God bless u and ur family. Regards. Sundaram

Ravi Pillai said...

Happy Birth day.

Prabhanshu said...

Seniors. . In case of abc correction. . Wat could be the max% of a, b can retrace??

ak said...

Happy birthday shriram

m.veerasamy Maruthai said...

Happy birthday Shriram


PAT said...


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