Wednesday, December 11, 2013

Nifty Intraday Update-I


25 comments:

Ilango said...

There is also a suspected 5 waves completion from 6415 to 6287.

Keep that retracement handy, in case of a move above 6322 & 6333.

====================================
Bearish:
6351 6366 ... is 50%-61.8% retrace of the last fall from …… 6415 to 6287

80% is - 6389

If weakness is to return, it should be around 6351 6366

Strength gets confirmed above 6366 OR 6389
==========================================

This view gets negated on a move below 6287 or a trailing number.

amber said...

Sir ILango ji charan vandan and everyone good morning

Parminder said...

Master ilango and friends,
good morning to all
regards

sudharsan said...

Good Morning Master and Friends

sudharsan said...

Seniors any views on Tata steel

Ilango said...

11.12.13

comes once in 100 years....

D.S.SASAN said...

Good Morning Sir and Friends

Regards...

shiva said...

yes sir, Historical combination..11-12-13..

mayank said...

at 2 pm it would be 11.12.13.14

ITradeForProfit Daily said...

and at 2:15 pm it will 11.12.13.14.15

Sanjay Jaiswal said...

Dear Ilango Sir & Blogmates,

OI Table Update at 11:00AM, Pivot-6368, S1-6319, R1-6419, VWAP-6334

Equally distributed addition at 6300 Level, could see some range bound moves from here on, Upside resistance gaining strength at 6400…

Thanks & Regards

nissan deka said...

Hi San. Saw ur DLF chart. cud u please advise what the downside target for DLF may be if it breaks 156.80. Thankyou San

M. said...

Hello Sir, where can I find top 5 future traded contracts? I know nifty trades abt 1.5 cr shares, where can I see for stocks?

Yash and Dhan said...

Dear M
Try

http://www.nseindia.com/live_market/dynaContent/live_watch/derivative_stock_watch.htm

Sahil said...

Good Morning Sir.
A 5 wave completion from 6415-6287??
Is it like one should see 6318 as 3 and 6345 as 4??
Please help. Although i am keeping an eye on 6323-6333

Raman Kapoor said...

Dear Sir, could you please throw some light on the importance of weekly trend for today and tommorrow

Ilango said...

@ Raman Kapoor,

"Only a fair knowledge of Elliott wave" helps you to understand "Technical Analysis" in a better way in their application of choosing when to place importance on which factors, etc.

Presently, at the exhausted upmove, overbought Hour & Day TA are giving weakening indications. If prices continue to be weak, it could result in a -ve divergences in week T/F.

But if prices manage to hold DLEma(on closing basis) and reverse & move past critical numbers on the upside, weekly trend could start to assert. Such an assertion is possible only when the Day & Hour remain either oversold or buoyant.

Until then, follow the prices using Day & Hour combo.

mynac said...

New low would be need of the Hr. for any sustainable up side beyond 6300.let us see.

Ilango said...

Bearish:
6292 6294 ... is 50%-61.8% retrace of the last fall from …… 6301 to 6282

80% is - 6297

If weakness is to return, it should be around 6292 6294

Strength gets confirmed above 6294 OR 6297

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