Monday, October 28, 2013

Nifty Intraday Update-II


Saurabh said...


What level will confirm that the 5 up is over, is there are possibility that this is still 4 down with 4a, 4b done and 4c in progress, and 5 up is still pending ? Still in learning phase so need some handholding..


Sonu said...


What is the min 'c' can do in ZZ? Is it 0.618 * a?

In that case, 0.618 * a comes close to 6100.

Ilango said...


Getting confirmation and acting then on in these studies don't do justice to EW following:

Sub-waves from 5701 presented themselves in a reasonably readable way. Prior to the completion of 5th, prices broke the rising channel and retraced back into it.

Now prices have retraced the last rise fully.

We have two scenarios:

1. Correction for the entire rise from 5701 to 6252 and then another big upmove.(Pref)

2. An @ABC@ corrective rise completed from 5119 to 6252 and prices are reversing back to downtrend.(Alt.)

Akshay said...

@ Realist
How one JNSAR hit today ??

Ilango said...


There was a consolidation between 6050-6100 during the rise from 5701 to 6252. Look for new signals from Day/Hour to support the possibility of a support forming. If no signal emerges, it could go lower.

It is difficult to judge how a correction would unfold.

Presently, it is considered as a correction with in an uptrend.

Ilango said...

6121 6126 ... is 50%-61.8% retrace of the last fall from …… 6143 to 6099

80% is - 6134

If weakness is to return, it should be around 6121 6126

Strength gets confirmed above 6126 OR 6134

cooldent said...

sir what is developing BN jnsar

Unknown said...

Dear Sir, S Macd got triggered and turned down. Can you please confirm the same

shriram said...

--> back


has NS finished a ZZ down from recent 3days prev tops (if holding MnHiEMA) ??

Ilango said...,

a- done at 6126, b-at " 6175; hence, keep the retrace for last fall from 6175 and look for supports, if any around 6050.(+/-)

Ilango said...


If closes at 6113, day s.macd would trigger; it has already turned down on Friday.

shriram said...

Thank u master :-)

Unknown said...

Thanks for the confirmation Sir


raman perumal said...

Dear sir,
If this is c of A wave than why the lables should be in green as there will be a B wave upwards and C wave downwards, so the count should be in red, this is my doubt please clarify

arvind Kapur said...

Dear Sir,
What are values for S MACD, that are represented in your chart.

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