Monday, December 9, 2013

Nifty Intraday Update-I


19 comments:

Hemanth said...

Dear Blogmates..Can any body post the link or content of what sir has discussed about Gap-ups...Exhaustion Gap up,Continuation Gapup etc...few months ago....

Prithvi Raulji said...

@ Master,

Should we believe that 4th finished at @6354 and now 5th start???

D.S.SASAN said...

Good Morning Sir and dear Friends.

amber said...

Sir ILango ji charan vandan and everyone good morning

kat said...

Good morning Ilango Sir and all the Blogmates!

Ilango said...

@ Prithvi Raulji,

The "ii" wave took more than a day; hence, iv will not end so soon. (Unless it unfolds as a running correction- which is doubtful now).

There is an alternative possibility of 5 waves done from 5973 to 6415 (or from 6030-6415).

Sanjay Jaiswal said...

Dear Ilango Sir & Blogmates,

OI Table Update at 11:00AM, Pivot-6297, R2-6349, R3-6402, VWAP-6409

The Bulls with a huge Gap have decimated the Bears for the time being, though the 6400 and above CE writers have not covered much OI, the NS high at 6415 has to be taken out or Profit booking could start…

Thanks & Regards

Kiran said...

BN at important juncture, current low should be able to hold for the day.

STOCK4SURE said...

a small +WW pattern may develop in intraday nifty charts

ns may get support near 6345ns cmp to form pt3

may move up towards 6365 near levels to form pt4

then may again dip towards 6330ns to form pt5 where it may be bought aggressively with sl below 6312(expected near 2.30pm)

trgts abv 6376ns

vksoni said...

@Hemanth
Ilango said...

@ dharmu mishra ,

Gaps happen when demand exceeds supply suddenly. Reasons could be many.

Gaps also reveals the underlying strength. Hence, they are classified as:

Break out gap:

the first one. In the current scenario, from 5448 on 4th sept close to 5554 on 5th sept opening.

Runaway gap:

Prices for the second time gap up and run away higher. In the current scenario, today's gap so far. It should hold the opening lows to qualify.

Exhaustion gap:

Prices continue for another gap but unable to sustain, giving away the underlying supply exceeding the demand, thereby a reversal.
September 10, 2013 at 9:37 AM

sometimesbullsometimesbear said...

Kiran motabhai....the low will hold...:):):)

daiyamt said...

Ilango said...
Gaps happen when demand exceeds supply suddenly. Reasons could be many.

Gaps also reveal the underlying strength. Hence, they are classified as:

Break out gap:
the first one. In the current scenario, from 5448 on 4th sept close to 5554 on 5th sept opening.

Runaway gap:
Prices for the second time gap up and run away higher. In the current scenario, today's gap so far. It should hold the opening lows to qualify.

Exhaustion gap:
Prices continue for another gap but unable to sustain, giving away the underlying supply exceeding the demand, thereby a reversal.
September 10, 2013 at 9:37 AM

Aly said...

I think today closing will be very important. If nifty holds 100+MHEMA at closing which would be roughly 6370, then we have a good chance of seeing new highs

Raman Kapoor said...
This comment has been removed by the author.
Prithvi Raulji said...

Everybody in long now with new highs,

Now we will see ......................................

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