Tuesday, November 19, 2013

Nifty Intraday Update-III


Raghavendra said...

Dear All,

NR7 day in play so far. Price making a high > 6245 or making a low < 6147 will invalidate the pattern.

Expect range expansion in next 2 days.


Prabhanshu Raman said...

Inhs or double top?
If Inhs then bo above 6210 tgt 6244
If double top then bd below 6180 tgt 6158

Prabhanshu Raman said...
This comment has been removed by the author.
Sujatha said...

GA sir nd friends :)

Have a great day.


ITradeForProfit Daily said...


Do you see a possibility of yet another evening star formation on the developing daily chart?

Prithvi Raulji said...


Weekly Crane strategy Still valid ??

Ilango said...

@ ITradeForProfit Daily,

Evening star requires 3 candles & a follow up one for confirmation.

It is premature; however, monitor tomorrow's prices if today's close is "flat".

Ilango said...

@ Prithvi Raulji ,

Weekly crane strategy was to sell on rises @ or near 61.8% with a stop around 6270 and it is still valid.

Kiran said...

NR7 day as of now for Nifty, BankNifty, CNX IT, MidCap

Ilango said...

3.00PM TT & Chart updated.

herry said...

dear sir can buy hold...for tomorow.?

hardeep thakur said...

@Aly/Ilango Sir,
Nifty not breaking its morning levels(6180 -6212) but still holding 61.8%, so is it wise to hold long?


Ilango said...

@ hardeep thakur,

Based on ST trend & MT trend, part book @ 61.8%-6201; hold remaining with a SL @ 6180, day's low.

OR trail longs with 21 Hr sma.

chetas said...

average close approx at 6203,

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