Friday, December 27, 2013

Nifty Intraday Update-I

20 comments:

Hemanth said...

Master as you stated "above 6303, the corrective rally that started from 6130 would resume."
Could you please provide some more insight on till where this rally could extend based on EW.
At which level we should start terming this rally as a impulsive rally than corrective one...

Thanks for your time !!

marina s rao said...

NS above HrHEMA, Dev. DHEMA and JNSAR. Time to go long with suitable Stop Loss

amber said...

Sir ILango ji charan vandan and everyone good morning

jayant said...

need help about NSE 200 STOCK open, high, low, close daily weekly and monthly

Ilango said...

@ Hemanth,

The crucial resistances are in the region of "6326-58". How Nifty will manage that zone would be keenly watched for..
Critical support has risen now to "6259-69". Continue to close above DHEma would keep the upward momentum intact.

Raman Kapoor said...

Although nifty did not make an NR day yesterday but I think banknifty did. Its open and low is also same to day. We may be looking for a range expansion in banknifty today.

Ilango said...

Holding "6305", the vth wave of the upmove from 6259 would complete closer to 6326.

One done, monitor the entire rise of 6259 to XXXX.

anmpatel said...

@master
good morning


pl check your gmail.
thanks.

anmpatel said...

today's HA open-low same 6272...holding it power.

Sanjay Jaiswal said...

Dear Ilango Sir & Blogmates,

OI Table Update at 11:00AM, Pivot-6346, R1-6361, R2-6378, VWAP-6360

The Bulls have taken the lead on the first day of the new series with huge addition from 6300-6000PE level, Resistance developing around 6400 level for the time being…

Thanks & Regards

Manish said...

Goodmorning master and all friends,

Is there any -ve divergence you are observing alongwith the TA calculation of 6300 DHema +30 which makes you state that "v"will be complete around 6326 ? Please guide.

Piyush Sharda said...

Markets seduce greedy traders into buying positions that are too
large for their accounts and then destroy them with a reaction they cannot
afford to sit out. They shake fearful traders out of winning trades
with brief countertrend spikes before embarking on runaway moves.
Lazy traders are the favorite victims of the market, which keeps throwing
new tricks at the unprepared. Whatever your psychological flaws
and fears, whatever your inner demons, whatever your hidden weaknesses
and obsessions, the market will seek them out, find them, and
use them against you, like a skilled wrestler uses his opponent’s own
weight to toss him to the ground.
Successful traders have outgrown or overcome their inner demons.
Instead of being tossed by the markets, they maintain their own balance
and scan for chinks in the crowd’s armor, so that they can toss
the market for a change. They may appear eccentric, but when it
comes to trading they are much healthier than the crowd
-----------------------------------------------------------------------------------------------------
lines from trading for a living by alexander elder

Piyush Sharda said...

typo, its come into my trading room by same author

Raghavendra said...

Dear Ilango sir,

I could see the following reasons for giving importance to 6326 - please clarify if there are other reasons as well which you are hinting ?

1. Previous resistance
2. Unfilled gap between 6326-33 levels
3. Near Week R1
4. Day R2

Ilango said...

"6326" was mentioned on 23rd Pre-Market View.

It has come to "align" with other key numbers today..

Once a new high is made above 6319, one should monitor any reactions with the aid of "retracements", "key numbers", etc.

GV said...

Now wave v is going on

GV said...

pls some nifty genius guide me how to trade with JNSAR.pls explain with todays market...pls

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