Thursday, October 24, 2013

Nifty Intraday Update-III


Piyush Sharda said...

i have a question, suppose if one trails longs to 6225, and sells below. as its support point
there is expected to be struggle there and failed breakouts. at such points many times after failed move prices renew advance and rally. how can one tackle that. if one sells anticipatory and market corrects then one can easily trail to cost but such convenience is not there for ppl
selling breakdowns

Aly said...


2 pm close is within the ascending channel. does it open up more possibilities like an ending diagonal for 5th wave?

suresh said...

sir ji,
i want to know more about 21/34 hr sma.
pl give me the link/s.
thank you

ITradeForProfit Daily said...


Does BN look like forming a double top on the daily t/f? If so what are the levels to confirm? Please guide

Aly said...

6200 & 6100 PE writing from morning. 70% of it has already unwound

Sujatha said...

GA sir nd friends

Nifty Sharukh saying - "Don't underestimate the power of 6242" :)

Crudeoil Deepika saying - "Don't underestimate the power of 5975 :)

Happy trading...

Ilango said...

@ Piyush Sharda,

If your observations are flawed with subjectivity, troubles will follow.

Even after objective approach, one must have a SL as there is no guarantee for any trade. It is in the better judgement of "Risk-Reward", gains will accrue.

Acting on one's observations is the only way to grow.

Ilango said...

@ ITradeForProfit Daily,

BN has done a ZZ @ 10901.80. That is the critical point now.

shriram said...

--> back

Going back to ysday's EW count..
If 5702-6620 was done as 1 fifer... if so, may be we r playin out an Xpanded / IRREG. Flat ??

a 6220 6117 -103
b 6117 6252 135 -131.1%

Cmin = 0.618xa = 6188 ** done for Irreg.

Generally, C does 1.618xA gives = 6085

Lets see if DEMA @ 6164 NS supports the Irreg. lable, if not can explore a Full Fledged Expanded FLAT to 6114 (WkHIEMA) / 6085

Aly said...

JNSAR near trigger?

SKS said...

@ aly

shld we cover our short @ 6139

Viral P Rana said...

ilango sir,
which jnsar should follow for trigger today's or tomorrow's 6116 or 6139 please share

shriram said...


Have 5 waves got done or nearing completion, as 6252-6144 NS , intra candles basis ?

Aly said...


please ask master. I am just a learner and write my observations here

Ilango said...

@ shriram,

6252-6226: i
6226-6239: ii
6239-6143: iii (Tentative)

It could be relabelled to have completed a 5 waves also.


@ Ilango Sir,

Do you see a 5 waves complete from 6252 to 6143 sir.
6144 is 80% of the rise from 6117 to 6252.

Ilango said...

6239-6143: iii (Tentative): it could make a low around 6130-35

Prabhat said...

Good afternoon Sujatha ma'm :)

herry said...
This comment has been removed by the author.
Aly said...

Query to pattern experts:

above 6162, can it be considered as double bottom and target of 6184??

shriram said...


Thank you. Lets c if EOD closes > Sr. DEMA, may be the clue, ?

Have a nice day!

raghava said...

Master, JNSAR hold can come again Strength?

DR.SGM said...

Dear blogmates,thr daily trend in FII traeds can be seen website,after market ending.but today their we can see the trade details 24th.???????????

raghava said...


How to calculating avg closing?

Prithvi Raulji said...


I think 5th now over , bcz (RSI turning down and also lead indicator down))
At how much now nifty correct???

Veena GK said...

Ilango Sir,

I wish to join the JN group... Please let me know how to join

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