Tuesday, November 5, 2013

Nifty Intraday Update-III


21 comments:

nissan deka said...

dear Illango sir , would you please throw some lights on Bank-Nifty

shriram said...

--> back

ZZ unfolding to simple Eyes thus :-

a 6341 6248 -93
b 6248 6305 57 -61.3%
c 6305 6212 -93 100.0% ** in play ??

Will need to see price action near St.DEMA 6257 & Dev.Dlo @ 6223 NS, for these to be valid...

conversely if price holds 5DEMA, can look @ 6248-6305 as a NEW 5wave UP

Kumar said...

In the expiry day, from 6250, it is bounced till 6308 in the last 45mts... thought there is huge res @ 6300 and good support @ 6200...let us see...

dharmu mishra said...

respected llango sir
sir as per hourly chart labeling we r in 3 (3) (i ) is done at 6343
3 (3)(ii) formation is going on were we hv completed (a) at 6248 and (b) is on
sir pls tell me is my understanding of chart correct or am i making some mistake

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suresh said...

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and earn: don't spread it(virus).
thanks

dharmu mishra said...

respected shreeram sir
sir as per hourly chart labeling we r in 3 (3) (i ) is done at 6343
3 (3)(ii) formation is going on were we hv completed (a) at 6248 and (b) is on
sir pls tell me is my understanding of chart correct or am i making some mistake in understanding these simple things also

Prasad said...

India's Mars campaign begins.
Jai Hind.

shriram said...

@ DHarmu: With promise that u will ask me only 1 doubt per day :-)

here is the answer..

1. If EOD close >> 6317 NS , then 6343-6248 to be considered as a ZZ done..

2. If EOD close > DHIEMA, but 6.3 / 6.4K CE OI remains High , then 6248-6305-6263-62XX to be seen as B wave towards 6320

3. If EOD close < 6257 NS, then C wave in play possible down Seeking Dev.Dlo / WkHIEMA


rrajesh agarwal said...

salute to all our scientists

dharmu mishra said...
This comment has been removed by the author.
shriram said...

@ Dharmu:

Looking London , Talking Tokyo , ya 2 peg jyada laga diye ho ? ;-)

shriram said...

Master,

Are u seeing this fall 6341-6248-6305-6254 NS, now as a DZZ , sir??

A +WW has formed on the Intra charts. but 6.3,6.4k CE OI is adding significantly.. how r u reading it pls ?

dharmu mishra said...

respected shreeram sir
thanks for ur reply
sir i will keep the promise but if there is gap of 4 days then next day i should b allowed to ask 4 query
just joking sir will try to not to disturb u in busy hours until it is very imp
thanks for all ur supports

Ilango said...

@ shriram,

I have expressed the scenario in pre-mkt.
===================================
Month has given a positive reversal signal. However, week & Day are in Overbought zone while Hour & Day TA has -ve divergences. Hence, intra month corrections would be possible.
Couple of months ago, month generated a "Hold sell" with a close below MLEma but the shorter T/F showed highly oversold conditions with +ve div and market started an intra month correction upwards, only to reverse the month trend too.
Present set up resembles exactly of the opposite in nature.
We, traders, follow the market from the shorter T/F, keeping the higher T/F in the back ground.
==================================

We need to follow up price action to confirm the same.

Until then "both" bull & Bear possibilities exist.

dharmu mishra said...

shreeram sir
sorry sir master aur aap dono ke liye mere dil me same respect hai sir wo typo error ho gaya

Raghavendra said...

Dear All,

Faster retracement of last rising leg completed. Reference google finance 30 min chart.

Last rise : 6244.95 to 6343 took 15 , 30 min candles,
Falls from 6348 to 6244.3 took 13, 30 min candles.

Raghavendra

shriram said...

@ Raghavendra..

An HNS also forming.. NL is ruffly @ 6245 NS

Tgts : 6190 / 6130 NS

Khem said...

Hello Master & other senior members,
I have recently started following JN closely. Can anyone of you please send me tech table xls.
I am not able to find any xls in above blog(its an image)

Thanks,
Khemchand

Khem said...

My email is khemchand.agrawal@gmail.com

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