Friday, October 18, 2013

Nifty Intraday Update-I


40 comments:

Ilango said...

Bullish:
6077 6067 ... is 50%-61.8% retrace of the last rise from …… 6033 to 6121

80% is - 6051

If strength to return again, it should be around 6077 6067

Weakness gets confirmed Below 6067 OR 6051

DZIRE said...

Namaste Ilango Sir & all members.

DZIRE said...

With so many HVT'S happening today in the first hour someone is really getting serious about a rally.

sandeep bhoite said...

@ Master

As price behave currently are we in (5) th wave
Calculation as (3) extended so (5) =.618 of 1 or 1=5
so as 1st is 246 points
6032 + (.618*256) = 6184 or
6032 + 256 = 6288

Is that little knowledge is valid or need any other way to look it at . Kindly guide :)

Trader Junkie said...

there is a CNH /IHNS on the daily chart , if we scale 6145 then this pattern will be triggered ...currently put addition seen at 6100 and some short covering on 6200 call...early days - but the signature is emerging !

shree said...

Master.....yesterday cloe below DHEMA and below 5 DEMA too....still BUY ON DIPS in TT..any reason????

Ilango said...

"6131" is 80% of the fall from 6156 to 6033.

At "6131", it would be DHEma+20.

Hence, 6131 would be critical to the uptrend to continue/ Downtrend to resume.

Ilango said...

@ shree,

EW

Channel

Week Trend.

Karthi Keyan said...

Bullish:

Now move to (4) to (5) minimum =(1) to 6280, also upper trend line.

suresh said...

watch ns if<6113, then i expect a fall

shree said...

Master you always say consider new signal......so why you didn't consider new signal which was sell on rise as per your earlier guidance even when weekly is up .....

shriram said...

OI wise, power changing hands to Bulls now @ 6.1k strike

amber said...

Sir ILango ji yday @ 2pm in Hr t/f there was a +ve divergence can that be taken into for this upmove, kindly update thnx

Ilango said...

@ shree,

Yes. It is true that a "sell on rise" signal is generated in Day T/F.

You sell closer to DHEma+20=6130.

You should be alert & cautious with a sell considering:

a. Channel is intact
b. Weekly trend remains UP

shree said...

ok ..thanks master....I am out of trade yet....

Aly said...

Dear shree,

As Ilango sir has said, you have to careful with sell on rise, reason being nifty is back into channel indicating this as a possible "vth" wave up.

Aly said...

Dear Ilango sir,

Is it possible that this vth wave up (assuming it is vth wave up due to its characteristics) has a good possibility of this being the extended wave, since i and iii are almost equal in size, Of course this is all being subject to prices confirming it but prima facie what is your view / belief in this matter?

Kiran said...

How about Nifty century Today ?

Sanjay Jaiswal said...

Dear Ilango Sir & Blogmates,

OI Table Update at 11:00AM, Pivot-6090, R1-6120, R2-6170, VWAP-6130

The PE writers are back and have added huge at 6100 level, whereas 6200CE writers are covering, BUY THE DIPS based on OI table with reversal below 6097 NF…

Thanks & Regards

Ilango said...

@ Aly,

I wouldn't think on those lines.

I must follow all the studies and take a collective view which has a high probability of succeeding.

Its been my experience that whenever I place more importance on "one study", I get subjected to the "whipsaw/ failure" of that study. Had I included other studies, I would have changed course.

EW forms the basic study; other studies add weightage to choosing from among "alternatives".

Unknown said...

Dear Sir. R v looking at a potential HNS formation here. Head @ 6156. Shoulders @ 6122. Difference @ 34 points. Low @ 6033 less 34 = 5999. Which alsop virtually co incides with 10 DMA @ 6002 ???. Please throw some light. Many thanks sir

Parminder said...

Master 6135 also crossed what next pls guide

Sonu said...

Good morning Master and Friends!

Ankit Solanki said...

IF nifty closes near 6100 by eod then it would form a doji in weekly charts. That would indicate one to be cautious with longs.

sometimesbullsometimesbear said...

Ilango said

"EW forms the basic study; other studies add weightage to choosing from among "alternatives".

Focus on the main dish but use the papadam achar dahi chatni raita onion lemon green chilly and other assorted side condiments to add to the taste and of course dont forget the final dessert...:):)

I am liking it......Its perfect...:):)

Aly said...

Dear Ilango sir,

I think you as a trader have achieved that nirvana which others like us are striving for. No expectations, no beliefs about the markets just follow the markets.

Hats off to you sir

NEVER GIVE UP said...

@ Ilango Sir,

5 waves completed sir at 6153 on 5 min chart?

sudharsan said...

Good Morning Master And Friends .... looks like 5 wave completed form 6033 ??

Prabhanshu Raman said...

Sir, can running (5) wave can subdivide? How to know whether running (5) can be extended one or will subdivide- any guideline in ew on this?
Also any guideline given to understand where (5) can end? Like 38.2/61.8/100% of (0)-(3) and add to end of (4) to get probable (5)?

NEVER GIVE UP said...

Its look like from 6033 to 6153 completed 5.3. & 5.5 is still pending.

Ilango said...

@ NEVER GIVE UP,

5 waves seem to be over. But the Hour TA does not support it presently.

NEVER GIVE UP said...

@ Ilango Sir,

Very right sir.Thanks.

Piyush Sharda said...

sir,
can u pls elaborate "hour ta doesnt support presently" from 6156 down of 15/10 i exited my
intra shorts very early on seeing 5 waves and it kept expending

DR.SGM said...

Dear sir,considering the downmove from 6229 to 5117 as 3wave correction,this upmove from 5117 should make a top between 6229 and 6337.is my view valid one?

Ilango said...

@ DR.SGM,

In one of the "EW alternatives", the upmove from 5119 is considered as the 1st wave.
And it has the potential to move higher.

4531-5630-1
5630-4770-2
4770-6229-(1)
6229-5119-(2)
5119-xxxx -(i)

Bharat Kumar said...

Ilango Sir - Is there a bearish engulfing on Bank Nifty on daily charts? Your views on Bank Nifty too pls.

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