Tuesday, November 19, 2013

Nifty Intraday Update-I


27 comments:

Trader Junkie said...

the bullflag seen on 30 mins yesterday has done its first target at 6200, also 61% retrace and now holding this, will approach 2nd target at 6240. Critically holding this 61% retrace we might see higher retrace of the bigger fall, and dare-I-say - on-wards to a newer high !

There is a bullflag now on 5 mins too(within a bigger bullflag on 30 mins) , B.O 6210, target 1 : 6230, target 2: 6250..Fail below 6185.

VRJ rammanohar said...

Spot trades above 6208 next res,n targets are 6245 and 6265

Ilango said...

Another "irregular flat correction" will get completed:

a:6210-6186
b:6186-6212
c:6212- xxxx

Once "c" gets completed, another round of upmove will unfold.

Gets negated below "6180".

herry said...

dear sir your update wave c is open...? his tgt of 6269 ( 80%) ...?

naresh ganesan said...

@herry
sir told c will complete above 6186 level.
next wave will be tgt 6269

Sanjay Jaiswal said...

Dear Ilango Sir & Blogmates,

OI Table Update at 11:00AM, Pivot-6199, R1-6246, S1-6170, VWAP-6224

Nifty consolidating in a narrow range after the Big up-move of yesterday with Bullish Bias, Buy the dips till 6183 NF is held…

Thanks & Regards

Ilango said...

Name a frontline stock that has doubled in less than 4 months.

SKS said...

tata steel nearly doubled

cheeku said...

Ilango ji

Is it Tatasteel

SKS said...

on Aug 7th TISCO
made a low of 195 today high of 391.55

Ilango said...

@ SKS,

Not "nearly"; it did double from a low of 195.30 to 391.55 from Aug.07th to "This morning"...

SKS said...

yes sir just confirmed the low of 195

Ilango said...

"Cyclicals" stock investment is an unique investment strategy as the "cyclical rotation in prices" provide for excellent opportunity.

The stock file identified the bottom around 190-200.

Ilango said...

@ Prabhanshu Raman,

If it was a flat, it should not break 6192. If it does, a correction of some other kind may be unfolding..

Ilango said...

For trading purposes, "6186" is critical..

prakashbkc said...

GM Master,

How u know bottom in tata steel at 190, In present marketany stock like tata steel?

Sonu said...

@Ilango Sir,

would break of 6186 indicate weakness?

Prithvi Raulji said...

Master recommended Tatacomm for investment long time ago

DKG said...

please find below the list of stocks which should give you market outperforming gains in the years to come. We strongly believe that the BSE Sensex will hit the magical figure of 40000 before the FY 2016 – 17. There are a lot of potential stocks and it was tough to short list. The following stocks will give market out performance. These stocks have to be accumulated over a period of time. Stop losses nor the targets have been mentioned because these stocks have been picked with a view of BSE SENSEX 40000.

1) Bharti Airtel

2) Eclerx

3) Escorts

4) Havells

5) HCL tech

6) ICICI Bank

7) SSLT

8) Torrent Pharma

9) Tata Comm

10. Zee Enter.

Anandha said...

Sir, Its been long time posted something here. I was locked my hands to type something due to technical issues. Hope all our family is doing well here and getting rich slowly. Ilango sir, you are Unique in market. I tried to learn discipline from you. You make 5 postings a day and a lesson to learn on week ends without any selfishness. Appreciate your attitude. You are giving ppl how to fish rather giving a fish. Sir ji, I learned EW from your charts and your basic material. Shree ram sir also helped me to learn more.

dinesh said...

Another "irregular flat correction" will get completed:

a:6210-6186
b:6186-6212
c:6212- xxxx

Once "c" gets completed, another round of upmove will unfold.

Gets negated below "6180".

If it was a flat, it should not break 6192. If it does, a correction of some other kind may be unfolding..
November 19, 2013 at 11:34 AM
Sir,

Can we say c completed at 6187. Did not break 6186 but 6192 broken.
So confused is it the different type of correction on or the upmove after end of c

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