Wednesday, December 18, 2013

Nifty Intraday Update-I


shriram said...

5.4Lacs intra 61PE OI adds b4 event, fake or real support ? mmmm..

Ilango said...

6154 6148 ... is 50%-61.8% retrace of the last rise from …… 6130 to 6178

80% is - 6140

If strength to return again, it should be around 6154 6148

Weakness gets confirmed Below 6148 OR 6140

Suraj said...

Good Morning Ilango Sir and All Seniors & Friends

dharmu mishra said...

respected shriram sir
RBI announcement at 11
is this put OI related with that
whats your view

shriram said...

@ Dharmu:

fake sense of support may be?

dharmu mishra said...

respected shriram sir
thanks for your view

shriram said...

@ Dharmu:

One DATA study is not 100% sufficient to fully define the market.. am just placing 1 obsv here, pl combine along with Master's guidance on the TA ...

Raman Kapoor said...

@ Shriram Sir, 6200 PE has also added over 4L shares. With decrease in price could this be understood as put writing

Raj Chowdary said...

Sir, Does the +ve divergences in the hourly time frame in this oversold region, signal that there is a higher probability of market retracing the last major move ?

Piyush Sharda said...


vix has fallen, jan puts have become cheaper too, 5 waves complete as observed by sir,
so writing may also be some bull effort.

shriram said...

@ Piyush:

possible.. wot bout OTM CEs behaviour this series & next?

Sanjay Jaiswal said...

Dear Ilango Sir & Blogmates,

OI Table Update at 11:00AM, Pivot-6177, R1-6201, S1-6137, VWAP-6184

Just before RBI policy statement, the level at 6200 is perfectly matched, range till now 6181-6211, breakout or breakdown can give 20-30 points in a hurry…

Thanks & Regards

Piyush Sharda said...

next series i do some trading in so observation on screen experience

shriram said...


yes , seems good news coming

What is the Higher Strike CE Obsv u hv seen ?

Piyush Sharda said...

was observing 6300 pe jan series. they became very cheap this morning.

ITradeForProfit Daily said...

6195 6183 supports to be watched now

ITradeForProfit Daily said...

EOD close above 6180 will form a Bullish Engulf in demand zone on the daily chart. Watch out for that too.

shriram said...

@ piyush:

ok, tks for this insight

Ilango said...

6208 6199 ... is 38%-50% retrace of the last rise from …… 6162 to 6236

80% is - 6177

If strength to return again, it should be around 6208 6199

Weakness gets confirmed Below 6199 OR 6177

1/ A : 6130-6177
2/ B: 6177-6162(as a flat)
3/ C: 6162-6236.

Hence this last rise retrace & 1st wave top(6177) are relevant here on.

anand said...

Dear Master
In the spike at 11, longs triggered for SAR (You have been hinting since morning and even if we can follow only the critical levels to reverse or act, it should be good)
The spike took NS till 6238 only (38% of the fall from 6415-6130 in the fib table), should this be read as signal to SoR still or BETTER to be biased to longs since 5DEMA crossed and DHEMA was also breached..

Seems I am answering as well- for my doubts- since bias is upward now and trend may reverse with larger retraces of 6142 saved this morning... Just trying to make sense of few conflicting signals, which hopefully shall be resolved by EOD!
- I am just sharing thoughts - pardon my poor brains!--

Kiran said...

A deep towards 34 Hr SMA might give good buying opportunity.

Ilango said...

@ anand,

The objective reading of TT & TA:

@ Start of this week:

Week: Sell on Rises but in uptrend
Day: Downtrend oversold zone and it lasted 5 days till date.
Hour: Downtrend...but showed distinct +ve divergences.

Finally, a clear 5 waves down(while compared with BN which often leads & more clearer & less manipulated).

Two scenarios at work:

A counter rally to the 5-wave fall. which will have its "A", an untradeable "B" and a C. It is not yet clear whether it is going to be a "Flat" or "Zigzag".. This is the reason we are observing the sub wave of "A" from 6130 rise.

(2)nd wave done; next impulsive upmove is on. OR (2.a) is done & (2.b) is on..

SKS said...

Hello Seniors

Is the JNSAR Trigerred?/ should we take 6248 or 6227(18/12/13). If 6227 then Long and SAR Trigerred. Can anyone confirm please.

Ilango said...

Nifty Pre-Market View.

Initiating trades @ the probable supports/ resistances would make low-risk-high reward trades.

Part-booking makes the "Kalla" swell.

Small-time-business men don't make perfect sales but profitable ones; Profit precedes everything else.

SKS said...

@ Chetna

Should we take 6248 or 6227 JNSAR Daily

shriram said...


A Hi-LoEMA / EW combo doubt..

If EOD manages a close > DhIEMA @ 6227 NS, and the candle forms an Engulfing Bull on Day,

wud u change the pref. labels of the fall 6415-6129 NS to a ZZ ??

SKS said...

I think JNSAR is short at 6207 with SAR @ 6227 right??

Chetna Jethi said...

i am sorry to take tomorrow's JNSAR,,,,but thats the personal choice,,,if one is tarding with strict sar's jnsar is 6248 which is short and hour jnsar is long

anand said...

Thanks a lot Master for an elaborate response !

Now that - tentatively- Hour an day has turned up, we should not hesitate in acting/reversing.
(It was a big mind block for me till 2-3 months back and now improving with detached SL and action)

Now as we look back, Hour reversal was indicated earlier when
- HRLEMA was being held
- Lead indicator turned up
- and then HRSAR triggered but the "event risk" would keep us from acting against the "day down, hr down and week Sell on Rise"

More skill and faith in following above and certainly the 5 wave completion/identification required but I hope if we persevere, we shall reach that confidence level.

Seeking your blessings!

Ilango said...

Holding 50% @ 6199;

Holding 6190, 5th wave would open upwards.

"6190" would be a critical number for weakness, if any. (Till 5th is complete; then on, the entire rise's retrace need to be considered)

Ilango said...

@ shriram,

We are still picking up clues; the first one will show itself, if another high is made today.

In any case, we can't write off any scenarios just yet. A 300 pt fall ending with clear + ve div in Hour & OS Day, requires some change in bias...

anmpatel said...

@ master
what is "kalla"? money? profit?

Raman Kapoor said...

Nearly 12L shares added in 6200 PE. This level may not be broken for the day. This also coincides with the 6199 (50%) level as highlighted bi Sir.
Highest OI shifted to 6100 PE from 6000 PE

Piyush Sharda said...

galla- cash counter of businesses

vishnu said...

Respected Master
Sir the 50% 6199 also coincide with developing DHEMA 6218-20 = 6198.

DR.SGM said...

Dear sir,is their a possibility to consider the today"s bottom as the end of 3rd,and rise to 6235,as zigzag 4th,and the current fall from 6235,as the start of 5th wave targeting 6100-6110.

prakashbkc said...

Master on weekly chart bearish engulfing candle formed ? Is it failing?

Prem said...

@ master
Down trend + positive global cue = sell on rise
Down trend + RBI positive news = ?????
Please advise master... Your view and guideline is very usefull to match the events with wave...please....

herry said...

dear sir tomorow JNSAR HIT..?

herry said...


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