Tuesday, December 17, 2013

Nifty Intraday Update-III


40 comments:

Ilango said...

(v)th started from 6184.50 at 11.52AM.

The iiird of (v)th is unfolding presently..

Ilango said...

i: 6184.50 to 6161.35
ii:6161.35 to 6171.95
iii: 6171.95 to xxxxxxx

(above 6163.70, this labeling gets rejected...)

Social Media Earthworm said...

Master , what a timing ... Great education

Ilango said...

5th/(5)th// vth/ (v)th waves are often swifter and if spotted well, gives you instant money.

Once in a while, it is alright to get rich quickly...but quietly.

herry said...

dear sir labeling mins..?

prakashbkc said...

GAMaster,

In TT all rows in RED, then why SELL arrow not shown 35D chart?Any specific reason...

herry said...

dear sit 5th wave done (6145)

Nitin Kadam said...

Master batting in full form :)

Ilango said...

@ prakashbkc,

The last arrow is "Red"....why repeat it?

Chetna Jethi said...

if not subdividing,,iii probably completed at 6146..1.62% of i

anand said...

But 6146 is again obstructing the wave ;-). 2nd attempt since yesterday..
Will NS succeed this time ?

Ilango said...

iiird from 6171.95 could end around 50 dsma-6143-6139, S1. (As long as stays below 6163.70)

prakashbkc said...

Master, thanx for reply

Chetna Jethi said...

thats a better count from master, sorry

Ilango said...

iii rd done @ 6141.60 (@ 6139-43 zone).

Now for ivth & vth, provided ist low-(6161.35) is not breached.

Ilango said...

It is also highly possible that what we are witnessing could be the 1st wave of the 5th wave, sub-dividing. Hence, once the 5 sub-waves are done, manage with retracements for potential resistance forming again.

When you look at technicals, there aren't any bottoming signs yet visible.

Swami Shivkumaar said...

Dear Sir,
Now we have broken 6142.. is there a possibility of heading towards 6090
If time permits please suggest.
Rgds

Ilango said...

@ Swami Shivkumaar,

All I stated was "No technical sign of bottoming is visible", meaning weakness persists.

This is "our" observation. It could be biased or wrong.

Prices are hovering @ 50dsma-6143 & 61.8%-6142 but not finding buyers...!!!-that is weakness to me. We trail for the day @ 6161 as stated earlier.

Ilango said...

3.00PM TT & Chart updated.

Chetna Jethi said...

sir, 5 probably, done at lowest point of the day after a flat 4th?>>>

Swami Shivkumaar said...

Dear Sir,
Thanks for the reply.

Ilango said...

@ Chetna Jethi,

Let it slide lower...It is challenging now to label further..

dharmu mishra said...

respected llango sir
which should be the next level to be considered as support
t

Ilango said...

Locking day's profit with a trail now @ 6144-47.

Prabhat said...

@Sanjay Sir/Master: I am not able to understand the intent behind ~10L OI additon in 6400 CE? I dont see a meaning for bears to write since they will not gain much by its decay? Can anyone please explain?

Ilango said...

@ dharmu mishra,

Average table shows 6099-55dema.

TT shows 6090-WLEma; Wk.J10SAR-6117-27.

Hence, 6090-6127, as far as week TA is concerned..(You could subtract a filter for WLEma.

Kiran said...

Today, Nifty went up only to touch Day Low EMA and go down. 1st Hour high was never crossed.

Chetna Jethi said...

booked a fraction earlier...count went wrong,,all my mistake

Ilango said...

@ dharmu mishra,

In a downtrending market, look for "Resistances" to stay put since supports are meant to be broken..

In an uptrending market, look for "Supports" to stay put since resistances are meant to be surpassed..

Ilango said...

@ Chetna Jethi,

Even in labeling the 2-minute chart, take a few steps back and see the whole form. (The 5th looked too small @ 6145 zone..)

dharmu mishra said...

respected llango sir
thanks for explanation of the supports on the lower side

dharmu mishra said...

respected llango sir
thanks for guideing me to see nifty in the correct way by giving imps to resistance levels
insted of supports
thanks sir

Chetna Jethi said...

sir, a very basic mistake,,you are right...

Ilango said...

@ Chetna Jethi,

You made money & learnt something again.

That is better than paying a fee to the mkt.

dharmu mishra said...

respected llango sir
i am blessed to have a teacher like you who correct at each and every mistakes commited by me.
thanks

Stockathon said...

Dear Sir, thank you so much for guiding us thru' live markets.

It is so interesting to learn TA with you.

Thank you once again.

Magesh Waran said...

thanks illango sir, for your whole day market support, yesterday i ask you where to download excell chart after market closing, you had send me a link , i get in to that but it shows a requesting page to join in justnifty group, pls sir once again advice me where to download it or other wise if you accept me as a group member then only i can able to download it, pls pls if its like that kindly accept my request, pls sir , i am awaiting for your valuble reply sir,

Chetna Jethi said...

@sir, thank you.,.that's right...but repetition of mistakes should not be my habit..i repeated the one i usually make because of my hurriedness..thank you for the encouraging words..i shall always improve under your guidance.

mahekovoor said...

it is challenging to label further.hats off to you.inspite of thorough knowledge of market,your humility is something very rare

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