Monday, November 18, 2013

Nifty Intraday Update-II


11 comments:

shree said...

Master..
2 minutes intraday wave counting please....

Aly said...

Dear Ilango sir,

does this downmove from 6158 looks like a 5 wave downmove?

Sanjay Jaiswal said...

Dear Ilango Sir & Blogmates,

OI Table Update at 1:00PM, Pivot-6099, R1-6128, R2-6166, VWAP-6172

Nifty in consolidation mode after the huge gap-up, holding on to the gains till now, but need to take out 6158 NS, the R3 and the 50% retrace level for more bullish momentum…

Thanks & Regards

Prabhanshu Raman said...

Seeing huge gap ups, gives the feeling of 3rd wave.

Ilango said...

@ Aly,

It is corrective.

A 5 wave upmove done from 6041(Thursday's afternoon low) to 6158 (today's high).

Bullish:
6114 6100 ... is 38%-50% retrace of the last rise from …… 6041 to 6158

80% is - 6064

If strength to return again, it should be around 6114 6100

Weakness gets confirmed Below 6100 OR 6064

Aly said...

Thank you sir for the clarification

Ilango said...

@ Prabhanshu Raman,

It is an irregular flat correction as long as "6133" holds.

Prithvi Raulji said...

Gaps should be filled in 2days .means todays is now 2nd day

Kiran said...

As of now, NR7 day for NIFTY, BankNifty and MidCap.

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