Wednesday, October 30, 2013

Nifty Intraday Update-II


35 comments:

Aditya Jain said...

hello mr abhishek it is good that you are running such institution but please post your add somewhere else. it will be greatfull. thanks

shriram said...

+WW On NS intra

1-4 tgt : 6250-55 NS

shriram said...

** view valid as long as DhIEMA holds...

Sonu said...

@Ilango Sir,

Nifty shaved-off 80% of previous fall, which makes another high a likely scenario; but as per Pre-market, this should have completed in opening session.
How to interpret current situation?

Ilango said...

@ Sonu ,

At 9.36AM, Nifty completed its "truncated vth @ 6252.85".

A correction is on. What kind - is not known yet.

It is either correcting the

last rise from 6202 to 6254, as long as holds above 6223- Time is running out for this scenario.

OR

Correcting the entire rise from 6079 to 6254.

Ilango said...

During this correction, Nifty can make new high, if it is an irregular Flat but not too high.

Ilango said...

If the correction is of a "running kind", downsides get eliminated.

Bala C said...



@ Rose Mary

Though, what Master said is hurting, it is a fact that one day JNSAR will be gone.

How many of us are prepared for such situations ?


Veeru said...

GM Mr Ilango! Can you pl check and advise the possibility of "Double Top Busted"

Nincompoop Trader said...

Ilango Ji
My Counts
1 5118 5580 462
2 5580 5318 -262
3 5318 6143 825
4 6143 5700 -443
5 5700

1 5700 5950 250
2 5950 5825 -125
3 5825 6252 427
4 6252 6080 -172
5 6080

Your Comments please

Ilango said...

@ Bala C,

JNSAR will continue its journey. (with or without me)

Sonu said...

Thanks Master!
One more question regarding the counts in the above chart: Where is the (3) corresponding to RED (4) @ 6079 in the above chart?
Or Are we considering (4) taking the form of expanding triangle 6117-6252-6079?

Bala C said...

Master Ji,

With all respect and no offence, I do not see how JNSAR journey can continue without you.

Of Course, with your teachings of many technical aspects, we have to fall back to one of those.

Parminder said...

yes master it would be disheartening without u and ur golden comments as nobody is so much capable as u are

suresh said...

sir ji,
can sl be placed @ hr-hema + half the filter(20/2)

suresh said...

in case of short & for long hr-lema minus half filter

prakash said...

Ok i am an optimmistic soul... lets not waste the Sunlight (knowledge gaining) by thinking about the night fall now itself... Long live good souls..

Regards
Prakash

Ilango said...

@ Sonu ,

(3) green is common.

Alt. (a), (b) & (4) in red is marked.

Vishnu said...

प्रिय मित्र प्रकाश,
आमीन। ……
ईश्वर अपनी विशेष कृपा ऐसे महामानव पर बनाये रखे, जो कि मानवीय मूल्यों की धरोहर है।
गुरूवर को सादर प्रणाम।
आपका अनुग्रही ,
विष्णु

Sachin said...

nicely put @prakash :)

Ilango said...

@ suresh,

For Intraday, it would be weak, now, only below 6235-38.

Trader Junkie said...

MACD divergence on 5 min...

Sonu said...

@ilango Sir,
Does it confirm the start of (iii)?

Ilango said...

@ Sonu,

It could still be an "Irregular Flat" correction for the last rise from 6079 to 6254. (3.3.ii)

marina s rao said...

GM Master & all blogmates - M S Rao

shriram said...

--> back

the +WW tgt is done...

ITradeForProfit Daily said...

Nifty in ND Sir's ATR Sell zone

Ilango said...

@ Sonu,

it is more like 3.3.iii. gets negated below 6235.

Sonu said...

Thanks Sir.
For irregular flat, could we set a limit to the max 'c' can do?

Sonu said...

Thanks Sir,
You replied before I asked.

rose mary said...

Bala C,

J10SAR (nothing but 10 day EMA) should be good enough to continue mechanical trading.
For partbook and reentries, fibanocci retracements itself enough (at least for me)

What master thought me (perhaps to all blog mates) is believing in one System religiously is only success mantra :)

Viral P Rana said...

sir,
i can not understand this "
If the correction is of a "running
kind", downsides get eliminated."

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