Tuesday, October 22, 2013

Nifty Intraday Update-II


17 comments:

kat said...

Good afternoon Ilango Sir and all the Blogmates!

Kiran said...

6220 NS showing it's value, But still no big sell-off seen.

Sonu said...

@ Shirram Sir,

+WW on 2min and 5 min still valid?

shriram said...

@ Sonu,

On 5mins cant seen any +WW,

As far as 2mins, guess the form is morphing into a ABC FLAT (had posted Q to master)
If so, and a C wave is playing down from 6220NS, it shud stop near 6160 NS'

Uske nicchu reversal ...

Piyush Sharda said...

@shriram
sir's chart from update 1 mentions the (flat) possiblity as i see it

Ilango said...

Bearish:
6200 6204 ... is 50%-61.8% retrace of the last fall from …… 6218 to 6182

80% is - 6211

If weakness is to return, it should be around 6200 6204

Strength gets confirmed above 6204 OR 6211

shriram said...

@ piyush

there is also a chance this fall is a Retrace to 6164-6220 (as long as Dev. DHiEMA holds)

Let see wot price shows ahead

suresh said...

sir ji,
after these weakness and strength how to arrive at tgts-both sides

Bharat Kumar said...

Honestly, looks more like a time correction...

Kiran said...

Again correction could run until 2:30 to 2:40 and then bounce

Bharat Kumar said...

Ilango Sir, Seniors - Is there any -ve divergence seen on hourly?

Prakash said...

2day boring market

durga said...

@bharat
it is there...but day still strong
so not that effective so far

durga said...

@bharat
time correction can lead to disappearance of divergence.
so then again once hr falls in line with day----momentum picks up on upside..
you need to wait let them resolve ..all the best

herry said...
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