Thursday, December 19, 2013

Nifty Intraday Update-III


27 comments:

sudharsan said...

Will Jnsar to trigger buy again ????

anand said...

@Sudarshan,

When NS does it- it will do it..
Seems - Right now its testing for -WW / Slingshot mentioned by Shriram... :-)
Or Master's 21-34 HrSMA levels for shorting again...(For the quicker ones who part booked gains on earlier dips)..
:-)

shriram said...

Ok, so we hv a -WW on intra,

formed by pt5 @ 6193 and ENTRY activated below 1-3-5 @ 6187

1-4 tgts : 6155 / 6130 NS, lets c what the pattern does now

sudharsan said...

MASTER SAID
@ sudharsan,

Trend is "UP" but a consolidation is on as long as prices do not close below WLEma. Until then, prices stuck between HEma & LEma, it is in a "Trading range".

It is sell on rises initially and once that selling brings the prices down closer to WLEma, it, then, becomes a "Buy on dips", based on shorter T/F technicals.

Sujatha said...

STB - may be his jathagam is with "kala sarpa yoga"??? after certain age it will blast only upside :) i think even for "mukesh ambani" . (mukeshji not completed his MBA) these kind of people hv good wealth and mass popular. even in ordinary people v can see - they r very rich and popular among the in and around areas..but "down to earth people" nobody can match with superstar..born "styleman" :D :) .."in west/north rajesh khanna" :)

May GOD give him more strength to act with "Junior AAradhaya" too :D :) ha ha


anand said...
This comment has been removed by the author.
Ilango said...

6180 6176 ... is 50%-61.8% retrace of the last rise from …… 6163 to 6197

80% is - 6170

If strength to return again, it should be around 6180 6176

Weakness gets confirmed Below 6176 OR 6170

anand said...

Jai ho Shriram!
You are the master for WW... ! We need some weekend tutorial with illustrations where you can share the power of your "simple eyes" to locate 1-2-3-4-5... and no A-B-C.
We shall rename it SW (Shriram Wave) :-) (Certainly with permission from Master)

sometimesbullsometimesbear said...

@Suj....Rajesh Khanna was also too good......Kishore Kumar's voice gave him an additional booster.....lovely songs....

These ppl are from gandharva loka who are born on earth to entertain......and of course they are in gandharva loka coz of great karma....

Earlier only kings and ministers and other friends of theirs used to be entertained....In kaliyuga anybody can get entertainment...with an internet connection and a computer....or even with 150 bux spent in a multiplex....:):)

shriram said...

Anand, Relax !

Follow master's JNSAR. Simply Spot &Trade patterns along JNSAR... trail the position to cost now & simply sit tight, ..

we can celebrate once the 1-4 is done, becoz that is when the RISK of 20pts SL would be Justified by getting 30-40 pts in REWARD..

SAINT IN THE TRADE ROOM, v v important lesson from Master , Shanti !

anand said...

Sure Shriram;
Core remains same..as per Master's ideas.
I am not following the WW or trading it. But we Love to see someone putting thoughts/patterns in practice and how it works out - like your and patterntrading's WW, ND Sir's ATR, anmp's HA, Aly's wedges/flags, etc
I don't use them, but as a student I would like to learn the other tools and what better way than in real time !
Thanks to all here !

shriram said...

34DEMA, Dev.Dlo EMA support net coming up @ 6155-58 NS

More below that

shriram said...
This comment has been removed by the author.
shriram said...

Master,

To ur eyes has C.iii commenced @ 6197 NS sir ?

raghava said...

Master,
Support with DLEMA can carry Longs?

Ilango said...

@ shriram,

It is labelled accordingly.

You spotted the bear flag as it was forming. It kept itself below Hr.JNSAR though it closed above 21/34 Hr sma briefly.

Last fall retrace needs to be monitored to manage trades....6197 to 6158...retrace @ 6178-82 & 80%-6189.

raghava said...

Please Reply me sir.

shriram said...

ok, will try to sit tight & see this, to its logical end then

Thanks sir !

Bye all , hv a nice day :-)

Ilango said...

@ raghava,

Which Long? when it is taken? Trade based on which T/F?

Bharat Kumar said...

Ilango Sir - Is the bearish engulfing pattern still valid?

Ilango said...

@ raghava,

If it is based on my "Only bullish scenario", holding 6110, it could rise as in a "Flat" correction, the overnight risk remains considering a close below 5DEma.

Ilango said...

@ Bharat Kumar,

Weekly bearish engulfing is still valid and

the sell on rises too.

sudharsan said...

Master Thank you for the Advice.....weekly Sell on the rise worked out well

Bharat Kumar said...

Ilango Sir - Thanks for the response! Looking into the same maybe we'll see a Big Red Candle tomorrow! :-)

raghava said...

Master, I had taken based on DLEMA and Vix is 16.7 and now covered 3/4 th. Thanking you sir.

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