Tuesday, December 17, 2013

Nifty Intraday Update-II


19 comments:

mynac said...

Afternoon Everybody

anand said...

Dear Sir,
Would you attach any significance to today's overthrow in the old hourly channel drawn?
Should it be treated like a small 4th wave and again if 6142 is breached the down impulse will be confirmed ?

Currently we are again at pivotal 6164 (support from above/resistance if breached) and since morning a tight range with Flat moves- also a 4th going on?

anand said...

Oops- You just marked iv in the chart..! Answered before the question !

Ilango said...

@ anand,

Nifty made two "supports turned resistances in the last two days @ 6185 & 6165".

Now see the intraday chart:

Prices opened @ 6185, attempted to move above it but failed @ pre-Mkts' res/ DLEma.
Subsequently, prices remained below 6185.

Now prices are testing the second number @ 6165. This too could fail...

"+ve Global cues" in downtrend are opportunities to "sell". It happened again.

Now, the 2nd session would develop a new technicals.

anmpatel said...

hello Master and Friends

can anybody give me JNSAR for 22,25,26,27 Nov 2013 for Nifty.

thanks.

Sanjay Jaiswal said...

Dear Ilango Sir & Blogmates,

OI Table Update at 11:00AM, Pivot-6184, R1-6199, S1-6164, VWAP-6197

The writers not taking undue risk and keeping it neutral for the all important RBI policy tomorrow, Bias still remains down though the 6200PE writers holding on in anticipation…

Thanks & Regards

Ilango said...

@ anmpatel ,

22-Nov-13 6,114
25-Nov-13 6,112
26-Nov-13 6,106
27-Nov-13 6093
28-Nov-13 6,079
29-Nov-13 6,074

Ilango said...

1.00PM TT & Chart Updated.

anand said...

Yes Master! System always work...
Though its market time and not the wekend post, we can now see follow your remarks a but better now.
I must admit that one of your earlier guidance on "Not to watch nifty in other markets or global markets" help to remain calm in the morning even when we see SGX etc on tv in the morning.
The mental fear or greed generated by these have been a pain in the past (both side, whether losses or gains).
Certainly the TA works and thanks to you - even a 150 pts gap last week was not raising any heartbeats even if we were short or long - thereby controlling the panic and greed, since idea was that system can fail once but if we follow consistently, it will pay.

Today also when opening below 6185-> It showed system work- no need to sweat watching sgx/analysts pointing 50+ point gap up etc, as long we follow TT and signals generated.

Thanks again for this great gift which help in other areas of life as well.

anand said...

@anmpatel :
Welcome Doc ! After quite some time.
Hope with these JNSAR values, you are updating your workings and we start getting your HA numbers and see them in action!...Long time! :-)

Raghavendra said...

Dear Ilango sir,

Request you to provide EW labelling to BN charts in today's EOD post.

Raghavendra

anmpatel said...

@master
Thanks.





@anand
today HA open and high same at 6190!!

anmpatel said...

@anand
sorry typo today HA open and High same at 6199...

anmpatel said...

@anand
for your interest only
http://prntscr.com/2bskfh
first colum is DATE
next four column is Nifty OHLC value and
last four column is nifty HA OHLC vlue...
i found HA little bit delaiyed (1 to 1.5 candle) so i tuned up JNSAR and HA simultaneously.
thanks.

Prabhat said...

@Master: Thank you for your wisedom: "+ve Global cues" in downtrend are opportunities to "sell".

I was making mistakes of buying during such +ve cues for intraday gains. Such takes are much risky than selling at such junctures for positional gains.

anand said...

Thanks anmpatel !
Though I am yet to learn the HA, but at least we know one practising doctor and can see it in action :-)
Another Rocket Science practitioner - Mr Sriram is busy today... his sniffing for a rise /fall and simple eye views are awaited.

Chetna Jethi said...

now 6175 a probable,,,support turned resistance.........be watchful of the price behaviour...

anmpatel said...

@anand
there is no big deal in HA its a trend following system like JNSAR...so i trade on JNSAR and just check trend with HA...like our DR said long above sar and short below sar....in HA green candle is bullish and red candle is bearish....

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