Friday, October 11, 2013

Nifty Intraday Update-I


anmpatel said...

what about "strength" above xxxx!!

shriram said...

GM Master & JN Family,

Have a gr8 day ahead !

sandeep bhoite said...

@ Master

GM Master & JN Family :)
Can you put some light on from where this Aggresive & conservative number come from ( Is you observed being final wave of B & i done so taken 80% of last rise ) your word will matter beside I put tiny knowledge of mine EW :)

anmpatel said...

61.8 and 80% comes at 6082-6092...can we take as "strength"?

dharmu mishra said...

respected llango sir/respected seniors
6046 6017 how this value for weakness is calculated sir pls

Ilango said...

@ anmpatel,

It is strong; hence, only "weak below" is stated..

rose mary said...

dharmu mishra,

6046 is ORB breakdown level
6017 is 80% of rise from 5994 to 6107

dharmu mishra said...

respected llango sir
is this weak value generated by 6046 todays lowprice and 6017 as yestdays close price
need ur confirmation for guidence sir am i wrong somewere

Gita said...

Seeing a rounding bottom from 6143 to 6108.
Probable target on Break of 6143 is 6585 (Pattern height : 6143-5701 = 442) !

Am I missing something?

Ilango said...

6046, intraday low, coincides with the 61.8%(6049) of sub wave iii rd of (iii) from 6013 to 6108.

6017 is the 80% of the upmove so far (after the "Irregular flat correction of yesterday") from 5994 to 6108.

dharmu mishra said...

respected llango sir
thanks i got the reason for 6017 value as it is 0.80% of rise as shown by u in retracement table
thanks sir

Ilango said...

@ Gita,

The rider is "If the pattern works" and breaks out...

And remember also, if any other countering pattern develops along the way, it could damage the original's target.

Stay alert at all times.

rose mary said...


Now a days, i am trying to get levels for profit booking/re entry points myself & look for your replies.. i am surprised it is matching 3 out of 4 occasions :)

Ilango said...

Just as "5970" was a critical number, another critical zone of resistance is "6093-6112-34".

sandeep bhoite said...

@ Master

Thank you for words :) I asked for light you given "SUN Light " :)

Ilango said...

@ rose mary,


If you remain "Objective", market is a great level playing field and

an individual can do much better than professionals or big broking houses.

rose mary said...

True Sir.
My Avg return for last 3 months is 14% .... This is enough proof for your statement

"individual can do much better than professionals or big broking houses."

Keeping same disciplined momentum over long term is key though :)

Prabhanshu Raman said...

Sir, inhs on hour chart where head at 5702, shoulder from 6033 to 5982 and neckline at 6143 to 6108???

Ilango said...

@ Prabhanshu Raman,

Yes. That is another pattern with break-out happening at 5970 with a target of 250+, provided prices stay above the gap @ 6034.

Piyush Sharda said...

rounding bottom is effective at bottom. this is either consolidation/topping

shree said...

6103 to 6047 = 56 61% = 34 = 6047+34 = 6081 touched 6088

6103 to 6047 = 56 80% = 45 = 6047+45 = 6092 touched 6088

DR.SGM said...

Dear sir, at present the 3rd of 3rd is smaller than 1st of 3rd wave,so either subdivision of 3rd of 3rd or smaller 5th wave are the i right?

Kiran said...

Yesterday's high or close is giving support to many scripts. that includes infy as well.

Sanjay Jaiswal said...

Dear Ilango Sir & Blogmates,

OI Table Update at 11:00AM, Pivot-6046, R1-6087, R2-6115, VWAP-6099

The CE writers are back with huge addition at 6200CE but the PE writers are also up to it and added huge from 6200-5800 level, Buy the Dips…

Thanks & Regards

shree said...

Daily Pivot R3 6098....

Weekly Pivot R2 6102

rarely remain beyond S2/R2 levels through out the day.......let's see

raghava said...

Good Morning Master & All.

DR.SGM said...

pls read as smaller 5th of 3rd.

Stockathon said...

61.8% (6084) of the retrace for 6108 to 6046 resisting as of now.

80% comes at 6096.

shree said... far..

3335 to 3156 = 178* 80% = 13 2= 3298...touched 3300...but trading below 3298 decisively

let's see

Gita said...

Thanks Master. "If you remain "Objective", market is a great level playing field" - this is my takeaway today.

Thanks PS.

shree said...

call and put sat call red= put

dharmu mishra said...

rose mary ji
great to know ur sucess journey
such things give confidence to struggling learners like me
thaks for ur reply to my query

Fire said...

The recent moves in USDINR put in a historical perspective - Article Link

Prakash-Pol said...

Good morning Master

Can we say trading above 50% retarace of 6108-6046 fall is strength.

Aly said...

triangle in the making ? may be "iv" in play from days bottom

will nifty repeat the same pattern today of making double top and then correcting which means irregular flat and then upmove again

dharmu mishra said...

respected shriram sir
iii (i) 5877 -6033(156)
if (i)=(iii) it should be 5994+156=6150
should we consider this senario sir
am i thinking correctly sir
ur guidence is always imp for me sir

sarvesh sharma said...

@ sir, 5 waves from the low of the day completed? referring to 2 minutes chart

Prithvi Raulji said...

My fear closed my position yesterday , how could I don't trust on my study and master's great not again , only technically follow up ,

Ilango said...

@ Prithvi Raulji,

Everyone goes through this kind of "dilemma" during their trading career. Some are able to assess the damage it is doing to them quite early on and change their ways.

It could happen to anyone.

The only way out of it is to remain true to your observations which should have "objectivity" as its foundation.

Markets continue to provide opportunities such as:

Reversal points
Buy on dips during uptrend
Sell on rises in downtrend.

These above three if spotted & worked out are enough to make enduring, enriching trading life.

shriram said...

--> back

@ Dharmu: was about to post the same count, so yes boss , my eyes as of now seeing similar :-)

Prithvi Raulji said...

Thanks master
Your advise every time great

shree said...

Infy....Nifty....not crossing 80% of todays range

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