Monday, December 30, 2013

Nifty Intraday Update-III


26 comments:

Ilango said...

@ cooldent ,

11358.

Chandiok said...

there is a convergence near 5394-5398.

Chandiok said...

below convergence into support area!

Aly said...

6270 is the lower trendline for the channel

abid gavandi said...

Advice
I am readding all articles regarding new beginer & decided trade with JNSAR .
I want to use DAYILY JNSAR. If clossing value above/low JNSAR then go long/short. If this strategy is wrong then correct me please.

Chandiok said...

Pre-Market done!
Thanks

Kiran said...

21 Hr SMA and 34 Hr SMA are close to each other. Bulls should close above it. They will be in comfortable zone above it.

marina s rao said...

80 % of rise from 6259 to 6344 retraced.

NS below HrLEMA. @ 6294

Chandiok said...

@marina and below 34sma, but still is support zone as per TA, unless EW label take it to 6210

Kiran said...

6200 and 6300 PE writers are quite confident.

marina s rao said...

Is Day trend in work ?

Kiran said...

BankNifty together with several banks is doing bearish reversal pattern. Nifty also, if closes below 6289.4.

anand said...

61.8% of fall from 6300 till 6273 retraced till 6290 but not crossed...Staying below it, weak? 50% at 6287 and 80% at 6295...(Small range, just trying to appreciate Fibo levels)

Raman Kapoor said...

NS is trading below 6300 but 6300CE is trading Rs. 30 higher than 6300PE. I have a feeling that people who are long are in some sort of self-denial that the market will not fall steeply.

Aly said...

@Raman,

diff in pricing of 6300 PE and CE is because the options are priced on future contracts. NF is around 6035-6040 levels and hence CE is priced higher than PE. NF at 6300 will result in more or less same price for 6300 PE and CE

Aly said...

Nifty trying to close above 6290 - tomorrows lower trendline for alt. channel connecting 6130-6150-6170 lows ?

marina s rao said...

6299 Tomoro's Dev. Pivot

shriram said...

EOD close prolly > 5DEMA...

may be 6344-6274 fall was to retrace, 6151-6344.. will know tomo , bulls need to capture 6316 ASAP for that

Bye All !

Prithvi Raulji said...

@Master,

5Day lead indicator in OB and also EW confirm wave-B also hourly in -Div , can we sell in daily OB zone??

Raman Kapoor said...

@Aly

Thanks for clarifying. I always thought that NS is the underlying for nifty options and future is completely different entity to options

Raghavendra said...

Dear All,

Closing below 6292.8, will print a Bearish Engulfing candle pattern for the day.

Raghavendra

Aly said...

@Raman,

NS is the underlying for the options. On expiry date, options will be settled based on NS only. Its only that the market participants base their trades on NF as it is the indicator for possible market movements

Manish said...

Good observation Raghavendra thanks..

anand said...

@Raghavendra,
Thanks for this ..though margin is very small..Lets see if closing <DHEMA (today and yesterday), generating new signal is followed up tomorrow with bearish engulfing?

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