Friday, October 18, 2013

Nifty Intraday Update-III


28 comments:

shriram said...

reposting...

shriram said...

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

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

October 18, 2013 at 2:04 PM

shriram said...

To simple EW eyes

a/i 5119 6143 1024
b/ii 6143 5700 -443 -43.3%
c/iii 5700 6333 633 61.8% (this is minimal tgt)

Copt = A = 6724 NS

Lets c wot price shows ahead !


DZIRE said...

@ Shriram

Wah Wah Wah Wah.

Trader Junkie said...

@SHRI !!! Moment of truth beckons us ! - Focus ARJUN Focus :D

shriram said...

@ TJ: yo.. all my life, thats been prolly the only 1 thing, i hv ever been good @ :-DDD

Trader Junkie said...

6200 level unwinding intensifies ....4.5 lac call unwinding, 8 lac PE addition....baki bhagwan malik hai ab

shriram said...

Bull attack now mounted on 6.2k strike

Trader Junkie said...

6200CE - 6 lac, 6200PE + 12 lac !!!! march on

salimkabani said...

Respected sir,

I am reader of this blog. I tried at my level best to learn from this blog when time permits. As far as I understand on completion of wave 5 there would be correction. one should book profit book there. May I right? please guide.

shriram said...

चेन कुली की मेन कुली :-)

ITradeForProfit Daily said...

10 points remaining for ATR Breakout target

Ilango said...

@ salimkabani,

Spotting of 5 sub-waves in a "fast rising 5th wave" is quite challenging.

Take a step back:

What do you see in day T/F??

5119 to 6143 as the 1st wave;
6143 to 5701 as the 02nd wave.
5701 to xxxx as the 3rd wave unfolding.....

Always get the total picture.

raghava said...

Master, Can carry Long positions to Monday?

Ilango said...

@ raghava,

Two options:

1.Part book closer to 6200; hold remaining with a trail @ 6150.

2.Trail @ 6140.

shriram said...

Another Bhunder-phool day !

Have a nice weekend , everybody :-)

salimkabani said...

Thanks a lot for ur valuable guidance.

Sir,

I presume wave 5 is of 250 points equal to wave 1. so target would be 6033+250=5283 approximately. Please ur guidance.

Thanks a lot in advance.

salimkabani said...

Sorry typo mistake 6283.

ITradeForProfit Daily said...

Nifty missed ND Sir's ATR Breakout target by just 1 point.

salimkabani said...

Sir,

If 6229-5119 is ABC and this upmove we consider it as X if it retrace less than 6229, chance of fast fall possible?

This upmove from 5700 may be 5th of X?

Please light on this issue.

I heartly thanks for ur valuable guidance as it is not available in market..............

Ilango said...

Bullish:
6165 6157 ... is 50%-61.8% retrace of the last rise from …… 6129 to 6201

80% is - 6143

If strength to return again, it should be around 6165 6157

Weakness gets confirmed Below 6157 OR 6143

salimkabani said...

sir

when time permits please guide on these issues.

sometimesbullsometimesbear said...

Shriram said

"Bhaav Bhagwan che .Ilango ji Pujari Maharaj che..

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

Shriram u made my day :):) Jai Shri Ram. :):) All smiles smiles and only smiles.....

jayant singh said...

@salimkabani ....... hope the typo "5283" is not a" Freudian slip"

jayant singh said...

" Freudian slip" means ..... you want to type something ... but type really what you want

Trader Junkie said...

My heart felt thanks and respects to Ilango Sir , Mr.Professor (Shri Smo) and Sanjay dada...you guys have corrected my system !

Much respect

Aly said...

Dear Ilango sir,

Nifty has closed above the trendline connecting 6093 and 6142 previous highs. On the charts it looks like an Inverse Head and Shoulder. It has very bullish implications as the head to neckline distance is approx. 1000 points. At the same time it is said that if a HNS pattern fails to materialize, it has very bearish implications.

Can you please share your experience / studies regarding this if any?

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