Thursday, October 17, 2013

Nifty Intraday Update-II


44 comments:

Aly said...

Dear Ilango sir,

Can we also look at the current movement as a triangle a-b-c-d-e ivth wave?

Aly said...

a 3 wave upmove from 6075 done?

Ilango said...

Ilango said...
Bearish:
6093 6097 ... is 50%-61.8% retrace of the last fall from …… 6110 to 6075

80% is - 6103

If weakness is to return, it should be around 6093 6097

Strength gets confirmed above 6097 OR 6103
October 17, 2013 at 11:28 AM

raghava said...

Nifty Options Fancy Numbers: 20, 50, 63, 81, 135 Now 6300 Ce Low at 20.05

Nilesh Patil said...

@Master,
http://prntscr.com/1xul39
This is also one of the possibility of 4th

Ilango said...

Ill be away for a while.

Sanjay Jaiswal said...

Dear Ilango Sir & Blogmates,

OI Table Update at 1:00PM, Pivot-6127, R1-6177, S1-6061, VWAP-6113

Not much change from the morning update, with huge addition still at 6200CE, whereas now 6000PE has also added, so range of 6000-6200 for the time being…

Thanks & Regards

DZIRE said...

Spammers are back in action and out of den after Master posted his message.

Get some life abhishekpatel & rajveerthakur .

sometimesbullsometimesbear said...

raaaaaajveeeeerthakurrrrrrrrrrrr I would advise you to read this blog daily for levels but not for NEWS!!!!....hahahahahahhahaha......:):) My friend Dinooo always says "tips are for waiters."

mynac said...

Nifty reached @ Dear Nd's buy zone,(on day trading basis) i.e.Last traded price : 6045.30

Buy Zone : From 6045.05 to 6023.05

Breakdown below : 6018.65 (stop loss for intraday longs)

Breakdown target : 5978.75

Kiran said...

6035-27 Nifty Spot possible .. Today or Tomm ?

Sudipto said...

where do u guys find ND's buy or sell zone? please give me the link to study

mynac said...

http://www.niftyrange.in/

suresh said...

ns likely to bounce around 6030

DZIRE said...

So ND's system says buy at 6045 & put Stop Loss at 6018. So that's a cool 30 points drawdown. In intraday that is too much for my liking.

And what to do between 6023-6018 ??

Pray to God or bite my nails ??

mynac said...

Tomorrow's JNSAR 6019 and probably closer to 6050 ,a day after tomo..
And normally,as market used to trade ahead of us for one to three days,so only it should not go much below today's low,if it has to go for a day....
As well as,considering intra 67 point range,it would be enough for a day is feeling...

Nevertheless "Market is supreme always and one has to follow the price only....let us see... till then bye

ITradeForProfit Daily said...

Bears need a close below 6025 developing DLEMA

Kiran said...

After long time Nifty hourly close is below it's 34-Hr SMA (6075)

Aly said...

@Prabhanshu,

you mentioned a hns earlier. what is the target and how did you arrive at the target?

my computation is hns broke at 6070 and target should be 95 points from the neckline at 6070 close to 5985

Prabhanshu Raman said...

Tgt computed as breakdown from neckline + diff btwn neckline and head
Which comes around 6020
Head at 6110
Shoulder at 6084
neckline from 6065

Prabhanshu Raman said...

Now seems like bear flag with breakdown below 6050 for t1 at 6030 and t2 at 6000-6010 with sl at 6061

shriram said...

->back

+WW on Hr TA, if WkHIEMA holds, can expect a 50-100pt bounce ....


raman perumal said...

Dear sir / seniors,
as per premarket view the target of 6040 is reached and took support at gap area and i want to know whether the channel is broken or not to confirm this as 4th wave or C wave.
Please reply.

P.Raman

Aly said...

@prabhanshu,

I am looking at it as Left shoulder at 6108, head at 6157, right shoulder at 6121

neckline with bottoms of 6046, 6056 and 6065 resp.

Aly said...

also move from 6156 looks like a descending triangle with again same targets

Badri said...

friends, could anybody give update on techtable dlema,hlema at 2pm. please

Aly said...

Downtrending channel bottom also comes at around 5980 tomorrow.

DNSHUKLA said...

Badri HLEMA at 2PM 6066, Developing DLEMA 6023

mynac said...

Dear Shriram,
AS there are lot of studies,lots of systems are there...

For medium to shot term trading point of view,(not for day trading)As per our one of Blogmates Dear Rajapvt's system the clear cut sell signal is on..(@6083) so finger crossed... let see tomorrow.Bye..

Aly said...

HNS invalidated??

Aly said...

a 3-wave move from 6040 seems to have been done. confirmation below 6065

Sahil said...

61.8%- 6075; 80% 6085
(Retrace from 6096-6041)
Above 6085 strength?

shriram said...

@ Mynac,

Am sure everyone has his own shaolin... i believe in SIMPLE EYES.
this +WW jumped out imediately the moment one saw the Hr chart.

On checking wot the OI guys r doing, it seems base building is on near 6K strike

HEnce the view Holding Higher T/f HiEMA .. good day

ITradeForProfit Daily said...

Nifty touches ND Sir's ATR Buy zone and now jumps by 35 points

Prabhanshu Raman said...

@ Aly. . I was looking at 2 mins intra chart for hns for which sl is at 6092 (last swing high from right shoulder) which is still not breached so as per my understanding hns is still valid.
Your levels for hns are from hourly Chart.. From my limited understanding is not hns pattern. Because, there is one lower level already present below considered right shoulder. As per my understanding there should not be any lower levels before right shoulder.
I may be wrong and this can be validated or corrected by sir or other seniors.

durga said...

Shriram
Can yu please tell dev,, DHEMa. and5DEMA
Thanks in adv

shriram said...

@ Durga:

6097 & 6057 respectively

Sahil said...

Golden ratio worked... :)

Prabhanshu Raman said...

Sir.. Gap exists @ 6034-46; Breaking/ trading below this would increase ST downtrend.
It filled the gap and bouncing now?? I am not sure if this increase the ST downtrend?

Prabhanshu Raman said...

Hns target missed by 12 points. . :-(

stocktrend said...

Low dema @ 6031 days low 6032..let us what happens tomorrow.

raghava said...

shriram said...

->back

+WW on Hr TA, if WkHIEMA holds, can expect a 50-100pt bounce ....

Closed @ 6045.85 tomorrow can bounce 100pts

Kiran said...

Two retracements trade following sirs retracement strategy.
1 : 6093-97 as retracement for 6110 to 6075
2 : 6068-75 (Also 34 Hr SMA) as retracement for 6096-6040.75

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