Friday, October 18, 2013

Nifty Intraday Update-II


Bharat Kumar said...

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

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

marina s rao said...

GM Master & Blogmates - M S Rao

Trader Junkie said...

bulls in control, not even 23% retrace...yet ...6100 PE writers in fullswing with 6200 watching and slowly unloading...bull flag on 2-min and 5-min..what more to say !?

durga said...

Time to add positions

Ilango said...

@ amber

I did not see any +ve div in Hr T/F.

Abhi said...

Sir, below 6120 ns, intraday weakness ?

Sanjay Jaiswal said...

Dear Ilango Sir & Blogmates,

OI Table Update at 1:00PM, Pivot-6090, R1-6120, R2-6170, VWAP-6145

Based on OI Table, 6000 now looks like solid base for the Bulls, holding the same can see higher levels as 6200CE writers are on the way out…

Thanks & Regards

amber said...

Sir thnx very much

sudharsan said...

Dear Master .... Looking at 5 mins chart i booked out my buy position which is had from today opening where can i get reentry level... pls guide

Ilango said...

@ Abhi,

Below 6135, weakness.

Ilango said...

@ sudharsan,

Corrections have been of either "running" or a 'sideways" only so far.

Very bullish scenario:

(i) of (5)th done @ 6153
(ii) of (5)th done @ 6129
(iii) of (5)th is unfolding.

Gets negated below 6135.

Ilango said...

Alternate could be:

An irregular wave is unfolding in (ii) of (5)th, provided prices stays below 6165.

sudharsan said...

Thank you Master...for the Reply

vikpuramstock said...

Hi Master,

Considering current economic situation and political situation, will it possible to have 3rd wave in next year? Please suggest on below wave count for the bullish view.

5119-xxxx -(i)

ITradeForProfit Daily said...

6165 also taken out. ND Sir's ATR Breakout at 6116 rocking !!!

DKG said...

ND Sir's ATR Breakout TGT 6203 !!

nissan deka said...

nifty spot trading @ the highest Bollinger band @ 6161.25. sir could you please throw some light on this.

DZIRE said...

@ itrdeforprofit

Avoid putting out your daily "fictitious" trades here. Everybody can't come and put his/her systems trade here as it will become a spam blog.

You may update your trades on ND's website umpteen no. of times daily.

And BTW just as we discussed yesterday about ND's system today he started giving only breakout and breakdown levels.???? WHY ??

Where is the Buy & Sell Zone today ?

So please for all members sake just keep trading without disturbing others here.

sarvesh sharma said...

respected sir, 5 minutes chart has better 5 waves done count from yesterdays 6033,

shriram said...

--> back

ysdays +WW tgt on Hr TA is done :-)

And now, a EOD close > 6160 NS , will trigger a larger I_HnS tgt 6350 / 6500

Ilango said...

@ sarvesh sharma,

BN shows a clear vth wave from its lows of yesterday.

Similar form can be applied to Nifty too as an alternative.

Ilango said...

Best way to micro manage it is:

6151 6145 ... is 50%-61.8% retrace of the last rise from …… 6129 to 6172

80% is - 6138

If strength to return again, it should be around 6151 6145

Weakness gets confirmed Below 6145 OR 6138

anmpatel said...

pl do not criticize anybody without properly study the system. ND sirs levels are very useful...if u have seen it in morning u got the all it is automatically update and breakout occered so it will show only that levels rest of the day..
no hard feelings. .but dont wrongly blame anybody
thanks and goodbye.

ITradeForProfit Daily said...


Kindly go through the ATR Trading to understand what is the ATR trading system.

Also please understand that a Breakout can occur only once a sell zone is crossed.

Hope you will gain some insight.

DZIRE said...

@ anmpatel

Sir ji if a system is good then comment on that blog only....right ??

Why to come and say daily on this blog that i traded on the basis of xyz system. Occasionally it is OK but daily becomes quite a distraction.

And if everything was alright with the system why are there no buy/sell zone now ?

And please if you could remember that i have never bashed out irrelevantly before and as a member we need to keep away external forces deviating our trading & which may not be liked by some members.

TAnovice said...

Dzire, if Master is letting him update on his blog, don't think you should have any problem with that. Let Master decide what external forces he wants to keep on his blog and what he wants to be kept out.

ITradeForProfit Daily said...


I have never posted any trades on this blog. I have my own blog to do that. Even when once master encouraged us to post our pre-market plans here, I did not do that.

Please note.

shriram said...

Arjun Focus on the TA pls.. Bhaav Bhagwan che .Ilango ji Pujari Maharaj che..

Aap, hum , agyakaari bhakt che , relaaaxxuh ;-)

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