Tuesday, October 15, 2013

Nifty Intraday Update-I


29 comments:

Ilango said...

Please do not post any other site's links.

anmpatel said...

@master
pl guide why we should change retracement from 6103 instead of 6088 as per pre-market?
thanks.

VRJ rammanohar said...

Sorry i wont post any other link..it was on good intention

Viji said...

Google charts are not working... Any other reliable sites giving real-time charts? Appreciate your help.

Ilango said...

http://www.nseindia.com/ChartApp/install/charts/mainpageall1.jsp?symbol=Segment=OI&CDSymbol=CNX%20NIFTY

ITradeForProfit Daily said...

Nifty touches ND Sir's ATR Sell zone at 6155 and sheds more than 60 points.

Kiran said...

Friday's low (Low of Hammer) is 6046.4. Above this longs can hold, below it can generate more sellers.

Ilango said...

Tuesday, October 15, 2013
Nifty Pre-Market View.

A sharp rise at the open would invite profit booking considering the OB nature of short term.
--------------------------------------

Ilango said...
ORB @ 6133-6154.
October 15, 2013 at 9:33 AM

Viji said...

Thanks to Ilangoji and VRJ..

Ilango said...

Last rise from 6088 to 6156 has been retraced in faster time.

Any retrace is a "sell on rises" till "6140" or "6156" is not crossed.

rose mary said...

Yes Sir,
exited 75% of longs with avg price around 6125 :)
Now will add longs only above 6140 (80% of retracement to intra down move so far) & day's high

Ilango said...

Ilango said...
Please do not post any other site's links.
October 15, 2013 at 10:06 AM

Sanjay Jaiswal said...

Dear Ilango Sir & Blogmates,

OI Table Update at 11:00AM, Pivot-6134, R1-6164, S1-6113, VWAP-6141

The CE writers are back in action, with huge addition at 6200CE, the PE writers still holding on, reversal on a close below 6041 NF…

Thanks & Regards

NEVER GIVE UP said...

@Ilango Sir,

5 waves completed sir from days high?

Ilango said...

Bearish:
6107 6118 ... is 50%-61.8% retrace of the last fall from …… 6156 to 6057

80% is - 6136

If weakness is to return, it should be around 6107 6118

Strength gets confirmed above 6118 OR 6136

Aly said...

Dear Ilango sir,

Has nifty touched the ascending trendline at 6056?

Ilango said...

@ NEVER GIVE UP,

It looks like a 5 done; hence, the retrace strategy.

Ilango said...

@ Aly,

34 Hr sma 6041(rising by 3 points an hour) coincides with the "Trendline".

If (4)th is "there", a break & a reversal for (5)th is likely.

If "B" wave done @ 6156, selling continues towards 5800.

NEVER GIVE UP said...

@Ilango Sir,

Thanks Sir.

jagannathan said...

sir,two days back you have mentioned that b wave be very fast and may reach 5800 and below.I s this correct now?

Aly said...

Dear Ilango sir,

Thank you very much for your response

Ilango said...

@ jagannathan,

Keeping below "6136", "B" @ 6156 wave remains in contention and the "C"'s travel towards 5800. In a very bullish scenario, "C" may take a different form, a sideways kind.

sarvesh sharma said...

@ILango sir,, but anyways C would minimum do .618% of A is it a guideline or it happens as a minimum rule

anmpatel said...

@master
the correction today occur in 5 waves so can we expect a zig-zag (5-3-5)?
same as we did in 3 waves down a flat(3-3-5)?
thanks.

prakashbkc said...

Master,

How one should get confirmation that this fall is C wave ?

Prabhanshu Raman said...

On breaking 5950, it can be confirmed that this is not 1,2,3,4,5 wave count?? As from 5950, 1st wave territory starts and 4 th wave can't breach it.

anmpatel said...

@master
the correction today occur in 5 waves from 6156 so can we expect a zig-zag (5-3-5)?
same as we did in 3 waves down a flat(3-3-5) in previous week?
thanks.

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