Wednesday, December 4, 2013

Nifty Intraday Update-II


shriram said...


Can u pl post the internal pref. labels for the fall from 6228 NS ?

Ilango said...

@ shriram,

It makes me strain to look for....which is not right.

Nevertheless, it seems quite corrective like abc-x-abc (6229-6195-6225-(6180)...)

Alternatively, it could be waves sub-dividing which will mask an impulsive one as a corrective.

shriram said...


Thanks for ur time n guidance :-)

Can trading below DHiEMA/ DEMA , invite re-test of Channel support / St.WkEMA zone @ 6110-08

i.e where wud the WAVE FORM seem complete as WXY sir ?

Kiran said...

Today is day to watch movies (instead of intraday trading)

STOCK4SURE said...

a small bearish WW developing within larger +WW..pt5 may have formed or may form within 6195-99 range......may trgt 6184-6180 range near 1.15pm

sl abv 6202

Sanjay Jaiswal said...

Dear Ilango Sir & Blogmates,

OI Table Update at 1:00PM, Pivot-6245, S1-6226, R1-6268, VWAP-6232

The 6200PE writers are active, may try to hold Nifty above 6200 level, still within the small range, waiting for the BIG MOVE…

Thanks & Regards

Ilango said...

@ shriram,

There are times a seemingly corrective pattern breaks down into an impulsive one or a deep correction.

Break out of this wedge could keep bulls active considering no damage yet to Day signals.

Only credible pattern visible is a "small falling wedge".

"6160" is channel bottom in hour chart.

Considering doubles & triples in play in correctives, we can not state where it can end. Yesterday spread 34 points; today 22 points........such small ranges are to be "weathered out" till market shows its hand decisively.

Sujatha said...

Let the grinder run upto this week end for "special items" :) so that all can watch more movies :D

VRJ rammanohar said...

SUP 6160 N 6140

stockmarketsinindia said...

hey everybody,

just WAIT for some more days !!!!!!


shriram said...


Thanks a lot !

satheesh said...

Hi Sujatha,

very true - just watched movie "roja" :)

Ilango said...

Prices have come out of the "Falling wedge" this hour.

Strength, if any, would be known soon.

Chetna Jethi said...

five done from 6182?? 2 min tf

Chetna Jethi said... watched as retracements

Chetna Jethi said...

as well as wedge support ????

Chetna Jethi said...

2 minutes candles at top form evening star..implication not good till now..breaks all retracements

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