Wednesday, November 6, 2013

Nifty Intraday Update-II


13 comments:

Rahul said...

Can anyone please help on how to calculate DHema, DLema, WHema and Wlema.
Thank you.

Swami Shivkumaar said...

Dear Sir,
Closing number is 6224 and 6258 in Day, Week and month
SK

dv pandit said...

6214 not yet hit. Its a buy?

anmpatel said...

@master
TT update only in hrly column....
thanks.

Rahul said...

Dear Ilango Sir,

Request you to explain what you mean by
"When prices move below Hema and closes: Sell on rises to Close Ema (which Ema???) or Lema-"

Raghavendra said...

Dear All,

Prices are reversing from Day Low EMA - 20 point range with an ending diagonal in 5 min chart.

Raghavendra

Raghavendra said...

@ Rahul,

Example from yesterday' trade

1. Nifty moved below 5 Day High EMA range ( High EMA - 20 points ) to 6247 initially and then rose again to High EMA + 20 points ( 6290 + 20 points = 6310 . High made 6305 ) before selling off again and closed below High EMA and 5 Day EMA.
2. After closing below these EMA's - nifty today rose again to 5 DEMA ( 6268 , if we consider Muharat trading session as one full day ) or High EMA range ( 6290 - 20 points ) and sold off again to Developing day low EMA range ( Day low EMA + or - 20 points ).

Raghavendra

dinesh said...

Now touched dlema +20 and reversing

dinesh said...

Dear master,
Closing below 6234 at 2:00 can a JNsar short be in order with channel support at 6180 the tgt the min target

Rahul said...

Dear Raghvendra,

Thank you for the explanation.
Please confirm if 'DLema' means '5 Day low ema' and 'close ema' means '5 Day ema'.

Regards,
Rahul

Prabhanshu Raman said...

INHS in 5 min nifty spot chart??
NL at 6250, Head at 6219, LR Shoulder - 6230/6232.
Target - aprx 6278-80

Raghavendra said...

@ Rahul,

Yes - Day EMA is 5 Day EMA. Low EMA is 5 Day Low EMA. High EMA is 5 Day High EMA.

Raghavendra

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