Wednesday, December 18, 2013

Nifty Intraday Update-III


28 comments:

anand said...

Dear Master
NS held 50% on first instance and then 38% at 6208 on 2nd retrace. Now trying for 23%
Will breach of 6208 be considered as confirmation for failure of 5th or 50% levels?
It will be a useful idea for future bench marking since failed 5th can be more bearish, no? (Not about the extent of correction after a truncated/failed 5th)

anand said...

Typo in Last sentence : Please read as : Not "sure" about the extent of correction after a truncated/failed 5th).

herry said...

DEAR SIR TODAY LOW 6130 DONE 3RD WAVE 6238 IS 38.2% 4th wave...
and 5th doun...?

shriram said...

--> back

62PE writers on fire

anand said...

Shriram ji !
Will NS fail the 5th failure (possible till now) by crossing 6230 - DHEMA and keep momentum alive for today and tomorrow? How would you read the recent waves?

shriram said...

@ anand:

Actually, was trying to see 6130-6236 as 1 5wave w1 with Extended 5th.... & this consol. as w2!

For bear Alt. simple ZZ : 6130-6236 may be explored na, with confo. by breakback below 5DEMA/5WkEMA zone tomo itse$lf !

Waiting for Master's word on my label now

anand said...

Thanks.
Seems 5th failure is getting confirmed with 6208 not held

Bharat Kumar said...

@ Ilango Sir - Break of 6199 bearish?

Chetna Jethi said...

could not get what market says,,today...even a single word..surprise and shock

shriram said...

Also, the EOD gap @ 6237.5, 3 days back remains unfilled ,,, interesting ~


Chetna Jethi said...

so many open options ,, not good for trading...or i am too immature for this..interesting, confusing and boring...

Chetna Jethi said...

A probable abc seems done????? ...6236- 6199,,,6199- 6226 and 6226-6203 61.8% of a

prakashbkc said...

Master& seniors,

Is day JNSAR is going to be Long/Short considering tommo JNSAR of 6228?

Swami Shivkumaar said...

Nifty trading above 5dEMA AND DLEMA, so no shorts. but lower than JNSAR AND DHEMA so no long...

Raghavendra said...

@ Swami,

But Nifty is above J10 SAR , Developing pivot , 34 Hr SMA and a Bullish Engulfing candle stick pattern today ....

Case for longs may be.....:)

Raghavendra

SKS said...

Tomorrow JNSAR Trigerred?? should we go long

chetas said...

maribozu candle :)))

SKS said...

Pl confirm only 4 Min left

Swami Shivkumaar said...

@Raghavendra, there may be a case for longs. but till today morning JNSAR is in sell mode and the shorts are covered when we trade above DLEMA AND D5EMA, Considering the event I want to be more conservative. Since we are not above JNSAR and DHEMA, I thought it is better to wait it out for one more day

Kameshwara Rao said...

@Shriram, three days back gap is filled. The low of 12/12/13 is 6230.05 and today's high is 6236. I am referring to Nifty spot.

shriram said...

@ Kameshwara Rao.

Gap to be seen as diff. of Close of 1st to Open of 2nd Candle, was my understanding of the Theory

Raghavendra said...

@ Kameshwara Rao,

Gap mentioned by Shriram exits both in Nifty ( 6236 to 6237.05) and Sensex ( 20917 to 20925 )

Raghavendra

Kameshwara Rao said...

@Shriram: Oh! OK. I thought otherwise!

dharmu mishra said...

respected shreeram sir /seniors
one doubt
in TT retracements it is given as
5973 to 6415
6415 to 6130
6162 to 6236

sir doubt is why it is taken as 6162 to 6236 insted of 6130 to 6236 why gap from 6130 6162
pls solve my confusion
thanks

gaurav said...

clue from sis( sujatha ) was required

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