Thursday, October 10, 2013

Nifty Intraday Update-I


Stockathon said...

@ Sir,

80% Retrace of 6229 to 5119 comes at 6007.

Nifty sustaining above this takes us to the retrace of 6143 to 5701 for which the 80% is at 6055.

Also the rising wedge possibility is at around @ 6033-44.

Considering this prices taking out 6055 creates a highly Bullish scenario ?

Kindly advise.

Trader Junkie said...

IHNS on 2 min, now critical to watch 6030..ED still in play ...early morning OI data is keeping the 6000CE writers still in the game with 6100 being a HUGE wall

Sagar said...

@ Master

Thank you master for you cluster that with resistance area. Is that your observation.Its trader job to focus

DZIRE said...

Namaste Ilango Sir & all members.

dharmu mishra said...

respected shriram sir
as 6033 has resisted
any -ve div devloping which can contribute to our decisions

Ilango said...

@ Stockathon,

If 5930-5955 is protected, "ED" could still make "another high".
Presently, we'll treat it as a correction.

Tomorrow's close would have the clues to "most bullish" scenario.

Jagan said...

Namaste Ilango Sir And All.
In weekly, Cup And Handle Pattern.

Stockathon said...

Thank you for the view Sir :)

Ilango said...

A small bear flag would target 5976, keeping below 6015.

D.S.SASAN said...

Good Morning Sir and blog mates.

Prabhanshu Raman said...

Sir. Below 5950.. Rising wedge in play??

Sanjay Jaiswal said...

Dear Ilango Sir & Blogmates,

OI Table Update at 11:00AM, Pivot-6004, S1-5950, R1-6103, VWAP-6038

Right now a neutral day, with distributed addition by both the CE and the PE writers, with a small edge with the CE, range bound day in the offering right now…

Thanks & Regards

Aly said...

Dear Sir,

Perfect Call

Ilango said...

@ Aly

If it sounds like a "Call", I should restrain myself from repeating it.

Aly said...

Dear Ilango ji,

What is the value of ascending trendline for rising wedge for this hour and next hour. Want to understand the stop loss for the longs

dharmu mishra said...
This comment has been removed by the author.
Aly said...

Dear Ilango ji,

Of course your calls are not just calls, but helps us learn and navigate. I wasnot looking at the bear flag which you spotted so easily and of course once you put that remark, it gave the confidence to book out longs for reentry

Please continue as your posts points out many things which are helpful for people like me who are learning to understand the market

salildali said...

No sir.
It gives us assertion to our belief that what we are thinking at the same time is right with your timely message.

Prabhanshu Raman said...

No Sir. . I don't feel that was a 'call'. It's the experience which identified the pattern. I was also seeing the same but was not sure as flag length was 50% of pole length.. so was not convinced.. but you indirectly cleared that doubt. Thanks for that.

akki_tank007 said...

hi all
i have found this while surfing the net
the issue faced in google fiance auto refresh quotes has occurred before as well.
have a look!topic/google-finance/_-baqLhsqWk

i was wondering if we could do the same if so can some one who is familar with raising issues with google can take lead

Jagan said...

Ilango Sir,
Rebuy area is todays DHEMA or yest. DHEMA.

D.S.SASAN said...

Dear Aly, please understand the system here. There is never any call.

Ilango said...

"5955-36" is 50%-61.8% retrace of last rise from 5877 to 6032.

80% is 5908.

If strength to return again, it should be around 5955-36 zone.

Weakness gets confirmed Below 5935 & 5910.

anmpatel said...

in 5 min chart small abc done? for 5959 to 6032 rise..80% hold.

Ravi Pillai said...

I am a muff.
Your guidelines help me a lot.
But I have a long way to go.
Please ignore Comments like Alys for the sake of back benchers sports quota pupil like me.
Please Do continue to help us in simple terms as and when YOU choose

Parminder said...

Master ilango,
the retracements columns are missing in the post

ankur sharma said...

Hi Aijaz ,

Kindly provide your email id

VRJ rammanohar said...

Intra day spot 6006 RES..

Aly said...


Good initiative. Looking at this post, it seems that we need to bring up this issue with "Google Finance Guide". tried searching the email id but couldnot find it. If anyone can find the email id for google finance guide, then some of us can write email to the id and request this guy to look into the matter

Aditya said...


On Google Finance page, at bottom, there is a link "Report a problem". Please click on it and report this auto refresh problem. I have already done it. But if everybody does , then faster action may be taken by Google.

Prabhanshu Raman said...

Sir. . Is it advisable to have retrace of fall from 6032 to 5980 to check Weekness and strength??

Srinivasan Krishnamoorthy said...

I have reported the matter to google

Aly said...


thanks for this. I have also done it. Request other members also to do it

Jagan said...

Ilango Sir,
First time rebought in todays DHema and holding. expecting to move above 6014 80% retrace.
Thank you.

DR.SGM said...

Dear sir,having taken support at the top of 1st wave[5980],how do you view this intraday fall,whether as ABC or A of 4th. thank you

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