Monday, November 11, 2013

Nifty Intraday Update-II


35 comments:

vksoni said...

ilango sir,
A flat abc done sir?
retrace of 6162-6089

RS said...

@ Ilango Sir,

Has lead indicator crossed upwards in the hourly chart, as per the latest data ???? will be of help

Thanks
RS

Ilango said...

@ RS,

I stated it better a little while ago:

Presently, holding the current lows, minor bounce is likely.
November 11, 2013 at 11:39 AM

RS said...

@ Ilango Sir,

Thanks a bunch.

Prabhanshu Raman said...

INHS in 5min NS Chart. Breakout above 6122 with target of 6156.
Head - 6187, L/R Shoulder - 6108/6109, Neckline - 6121-22

Sanjay Jaiswal said...

Dear Ilango Sir & Blogmates,

OI Table Update at 1:00PM, Pivot-6193, S1-6159, S2-6131, VWAP-6148

6100 Level for the time being is saved by the Bulls, but the CE writers are pressing on, a move above 6177 in Future can be some comfort for the Bulls…

Thanks & Regards

GANESH said...

@ Sir , "Minor Bounce" - did it just happened ?

sometimesbullsometimesbear said...

Ilango said:

"Never hesitate to reverse your positions"

A very very imp mantra for traders and should be meditated upon silently during trading hours

Most traders get stuck because of the four poisons (Source cannot be reproduced here)
Surprise/Fear/Hesitation/Confusion.

Thx Ilango...:):):) Another one of your golden words of wisdom

Prabhanshu Raman said...

Sir, Can we say 5 waves completed for the rise from 6087-6141:
1 6087 6107 20
2 6107 6091 16
3 6091 6121 30 (3rd shd not be the smallest)
4 6121 6109 12
5 6109 6141 32
a 6141 6126 15
b 6126 xxxx (xxxx = 6126+ 0.618*15 = 6135)
c xxxx yyyy (c=a => xxxx-15 ==> if xxxx=6135, then yyyy (c) = 6120)??

Ilango said...

@ GANESH,

It is happening.....

It will continue as long as 80% of rise from day's low "6087" is held, presently "it" being "6098".

Prabhanshu Raman said...

80% (6147) of 6162-6087 is saved
61.8% (6141) of 6174-6087 resisted the upmove for time being?

Ilango said...

6115 6108 ... is 50%-61.8% retrace of the last rise from …… 6087 to 6142

80% is - 6098

If strength to return again, it should be around 6115 6108

Weakness gets confirmed Below 6108 OR 6098
-------------------------------------------------------------------------
6125 6133 ... is 50%-61.8% retrace of the last fall from …… 6162 to 6087

80% is - 6147

If weakness is to return, it should be around 6125 6133

Strength gets confirmed above 6133 OR 6147
-----------------------------------------------------
These are the current retrace boundaries.
I'll be busy.

sudharsan said...

Thank you Master .......

sudharsan said...

Weekly JNSAR 6074..... love to see it hit today

nissan deka said...

BNF sustaining 10883 now will target 11088, if any shorts get built up at that level n on the downside BNF does not breach 11020. then BFN will close on days high

Aly said...

Nifty has completed minimum 48 points for this downmove from 6142 to be considered as 5 of the downmove from 6343 to 6087

Sujatha said...

GA sir nd friends :)

Nifty looking for a short term bounce ..looks like - limit for the dance floor No. 121/162/6200. downside supp - 6080 (solid) liquid one is 6058/6033/6000/5992. all spot levels. valid only for another 3 days. Apply your "reverse gears" whenever required and move ahead. Use the nos. for support/resistance.

bye - take care

herry said...

dear sir now 6093 low so what to do..?

nissan deka said...

shorts being FED I think at current levels, mrkt likely 2 move up

nissan deka said...

BNF above 10968= no resistence for da day

nissan deka said...

if BFN does not cross 10968@ BWARE !!!!!!!!!!!!

herry said...

dear sir plz cliear can nifty 5 wave is over..& start a.b.c corective...?

Kiran said...

4th consecutive session to close near day's low.

Kiran said...

5th not 4th : 5th consecutive session to close near day's low.

dharmu mishra said...

respected shreeram sir
is nifty taking support at 34dema and indicator is in oversold region
shall we think of a bounce from here

dharmu mishra said...

dear kiran
if the possibility of 3.2c completed and 3.3 starts than
looking at oversold condition and 34dema support bulls r preparing for bounce/rally

chetas said...

avg clsoing as of now at 6081, lets see whether we manage a close below 6079 ( rbi low)

raghava said...

Master, Any Bounce from here? Because WVWMA is current price.

chetas said...

avg closing approx now at 6079.45

sometimesbullsometimesbear said...

@ Dharmu....Let JNSAR do the thinking....:):):)

sometimesbullsometimesbear said...

@ Chetas wish u all the very best on ur new venture....:):)

dharmu mishra said...

sometimes bullssometimes bear
thanks yaar u r correct

chetas said...

@SBSB thank you very much

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