Wednesday, November 20, 2013

Nifty Intraday Update-III


39 comments:

Kiran said...

6163 - 50% retrace of 6114 (or 6111) 6212.
Need to close above HHEma for bullishness.

Kiran said...

This part looks like repeat telecast of yesterday...

herry said...

dear sir 6204 is iregular b wave...?

Ilango said...

Repeating:

6184 6179 ... is 50%-61.8% retrace of the last rise from …… 6164 to 6204

80% is - 6172

If strength to return again, it should be around 6184 6179

Weakness gets confirmed Below 6179 OR 6172

Ilango said...

@ herry,

Yes...as long as 6177(approx) is held.

herry said...

sir can upmove ....hold for 6171..? 80% hold

Prabhanshu Raman said...

Now follow retrace for the rise from 6041-6212. 61.8 at 6106 and 80 at 6075

Perfect evening star in making

ting tang said...

Low volumes shows the power as expected one side movement..

herry said...

6138 is morning gide so suport zone ...6114-6138....bull for 6114...?

Kiran said...

6134 last hope for bulls. All others have been broken.

ITradeForProfit Daily said...

@Master,

Does this fall confirm the formation of evening star?

Ilango said...

@ ITradeForProfit Daily,

A close below 6150 would qualify for an evening star.

SJkolkata said...

And also the start of a typical C leg or 3rd wave.

vishnu said...

JNSAR is 6108 as per TT

Prabhat said...

@Sanjay Sir: Huge shedding of 6200 PE (~10lac). Are we seeing bulls running here & there .. :) Looks like 6200 is gone for the series ... Bulls might think or protecting 6000

Prabhanshu Raman said...

6114 also gone and jnsar triggered for short. .. ???

ting tang said...

Trade with levels only , 12-13 th session from now can see unexpected levels in Nifty. ( I just refered to Nifty chart & its patterns) ...pls pls trade with levels only.

kumar said...

that is todays jnsar we have to take position according to tomorrow jnsar

Ilango said...

Wednesday, November 20, 2013
Nifty Pre-Market View.
After the week trend turned down last week while the day T/A @ Oversold zone, a ST rally emerged and prices have retraced the "golden ratio" and @ the cluster resistances of 6220-37.
Weekly trend could assert today or tomorrow.

6114-38 is the critical support zone.
============================
Weekly trend is asserting and broken the critical support.

prakashbkc said...

GA Master,

Critical support of 6114 is still not broken ?

suresh said...

at this pace nifty will break Tendulkar's record of 100 centuries
in a year and half

vishnu said...

Tommarrow JNSAR 6112 as per TT

Ilango said...

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.
November 19, 2013 at 2:46 PM

Prabhanshu Raman said...

Sir, nifty is following/in making of gartley pattern. X is 5701, A 6343 B 5973 C 6212. As per pattern point D should form below point B at the levels of 61.8-73.6% of 5701-6343... ie around 5946-5870

Prakash-Pol said...

Close will be above tomorrow's JNSAR

suresh said...

on either side:+/-

prakashbkc said...

Master,

broken Day JNSAR
& 6114

adishivam said...

@kumar
As per I understand JNSAR trading, once the JNSAR is hit, reverse your previous position. Currently, we are in buy position since 6165 NF. You have to double sell to cover existing position and create fresh short position. As per JNSAR Trading policy, one has to book regular profits at 20/100/200 points gain as per the trend.

durga said...

Master this day has shown yur objectivity.
Proud to b yur foloower. .. Good day

Prabhanshu Raman said...

@Raghva. . You mentioned some 5600 level but couldn't understand the logic of that. .

Kumar said...

Master,

Thanks a lot, Your yday's message regarding the Weekly Crane Strategy. Great...It is saved me.

Manytimes, you had mentioned the importance of the Golden Ratio. Everytime, i missed. Today, i ate the fruit.

Vaalga Nalamudan and Valamudan.

Prakash-Pol said...

Master
JNSAR triggered short and the SL of 20 point not triggered but the close is above JNSAR. how to handle this situation?

manu s said...

Nifty seems forming a H&S pattern in day time frame with LS at 6252 , H - 6343 and RS at 6212 . If right what could be targets achievable .

manu s said...

Nifty has hit the 61% retrace of the move from 6041 - 6212 at 6106

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