Friday, December 20, 2013

Nifty Intraday Update-II


28 comments:

Prithvi Raulji said...

@Master,

Dev.JNSar For BN???

shriram said...

62PE OI adding huge now .... ysday it was the 62CE guys

sudharsan said...

Master Said....


A few points to remember:

Last day of the week: "6162" is relevant to keep the weekly trend UP.

FII's have been buying heavily in the last two days.

VIX has been quite subdued below 18-18.5 for some time.

Ilango said...

Monitor intraday trades with the last rise from 6177.

6211 6205 ... is 38%-50% retrace of the last rise from …… 6177 to 6232

80% is - 6188

If strength to return again, it should be around 6211 6205

Weakness gets confirmed Below 6205 OR 6188

prakashbkc said...

Bot on break of today JNSAR (6211) but bot actually triggred at 6219(NS) & 6240 NF Lets see Yeterday totally bold out

Ilango said...

@ Prithvi Raulji,

11410(approx)

Prithvi Raulji said...

@ DR Sir,

Kaha Ho Aap, Bullish market main Dikhte hi Nahi

SJkolkata said...

Some sort of B wave or 2nd wave. getting totally confused of the direction.

shriram said...

@ SJ kol:

Seeing 62PE adds & CE liquidation, may be time to re-look bullish count...

prakashbkc said...

Shriram sir,

Are u do intraday or positional or JNSAR or all three kind of trade in NF?

sudharsan said...

Can we hit a Century today?????

CDG said...

Dear Ilango,

Huge negative divergence in day 9 RSI even if we close here (6225) for the week. is this rise a suspect of a trap?
Regards,

Ilango said...

From the lows of 6177, the vth wave is unfolding now. (If holds below 6248; if not, bullish wave sub-dividing continues)

shriram said...

@ prakashbkc:

nothing fixed , i do OTM writing based on pattern brkouts (preferably along JNSAR / WkEMA).. and try to trail every trade > cost + brok +Tax

If trend blesses, trade converts to positional ,else TSL hits


Ilango said...

@ CDG,

9 day rsi does not have -ve divergence. But it is trending down from OB zone to OS zone and presently below the midpoint.
Similarly, slow macd is trending down below the triggerline.

Whenever prices rise while the oscillators are down below their trigger line, the rises are suspect as was proved yesterday.

Today being the last day of the week, weekly trend and its oscillators would take precedence over day oscillators.

To safeguard trader's profits, we suggest to monitor their trades using the "last fall retrace" or "last rise retrace" whichever is relevant.

STOCK4SURE said...

are some negative div developing in ns 2 min charts?????

prakashbkc said...

Shriram sir
it means u never trade in NF?

shriram said...

@ Prakashbkc:

yes, i NEVER trade NF as am not comfy wid idea of Giving money to market..
but as risk of writing is Infinite , need to b careful with choice of strike & v strict with 20pts SL , and ENTRY only on PATTERN spotting

More after sapad, Bon Appetit !

CDG said...

Thanks Ilango.

At the same time please note that Week 9RSI and even 14RSI will trigger and trend down with a close even at 6235.

Sahil said...

Good Afternoon sir
-ve divergence on F.macd on 5 mins. We have resistances from 6237-6261.
My question is should one wait and look for prices going above 6248(Wk.pivot) or should one be ready to part book at these resistance since -ve div. present.

shree said...

Shriram
you never trade nf ..then you do it in option or equity only???

Ilango said...

@ Sahil,

The price rise from 6151 to 6237 can be labelled as "abc"(3 waves); hence, one could part book.

Because it has the possibility to make a 5th, we suggested to monitor the last rise(3rd wave) from 6177...

Only when 61.8%-80% retrace of that breaks, bearishness would return..

Ilango said...

Deep falls have, often, been accompanied by FII selling and VIX rising.

Both are absent in the present scenario; hence, our +ve bias since opening..

shriram said...

--> back

@ Shree: OTM option writing... as a part-timer, so its slow moves suits mentality.. aim is to somehow win more n loose less, and allow every trade to come > cost +brok +tax

since risk is Infinite in writing , v v imp. to keep hard 20pts SL and trade Patterns

Unknown said...

sir is there a HNS formation on tataMotor. head@376.50, shoulders@ 376????

Unknown said...

for a likely intraday trgt of 359 or so Sir???

Aly said...

Dear Ilango Sir,

An abc done from 6237?

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