Thursday, January 23, 2014

Nifty Intraday Update-I


Prasad said...

If 5 completed from 6243-6350,what would be the higher side of correction(b wave).
At what pt. this view is negated.
Pl guide.Thanks.

Raghavendra said...

@ Sonu,

NR7 follow up day - range expanded to UP yesterday. NR7 day range = 32 points. Yesterday's range = 64 points.

Sonu said...

@Raghavendra Sir,

yes, minimum is done but isn't the range expansion operational for upto 2 day after NR7?

Prabhat said...

Master has mentioned 6325 to be closely watched below which weakness could set in. As of now, nifty has held above it & my perception is if nifty breaks above yest's closure, it might make another attempt to break 6350

Sanjay Jaiswal said...

Dear Ilango Sir & Blogmates,

OI Table Update at 11:00AM, Pivot-6337, S1-6308, R1-6382, VWAP-6336

The Low VIX and tight range of Option Table has just killed the volatility and Nifty is within a range of 100-120 points for the last 7 days, Hope to see some resolution in the next 2-3 days…

Thanks & Regards

sony victor said...

Sir one question coming in mind again & again.

If its a breakout then why Nifty is not rallying ?

I mean what is stopping it to rise ?

please enlighten.

Aly said...

@ sony

Its simple. market movement is a function of how the majority participants percive the direction. In a true break-out case majority either cover their shorts or take new long position. In this case, maybe all market participants donot agree to the breakout.

Aly said...

In this case, the direction will eventually be determined by who throws in the towels early - bulls or bears. Hence Ilango sir has advised cautious stance on positions

sony victor said...

@ Aly ji, well i was looking for technical part. Thanks for replying dear.

Ram said...

% change in 6400 CE OI - % change in 6500 CE OI
that is 7.3 - 2.7 = 4.6 = X


Ratio of 6300 PE OI/CE OI
that is
67/46 = 1.46 = Y

If X rise & Y fall in coming times then the market making new high in Jan contract is not possible.

Lakhbinder Singh said...

Aly Ji ....throwing towels , after wearing pants or before wearing pants???? pls clearify

sudharsan said...

Good Morning Master and seniors.....Views on Larsen pls

Prabhat said...

@Ram: Mkts making high or low cannot he predicted on OI data since it can totally reverse in seconds. It is very volaitle. OI data only acts as a hint.

Just quoting from my experience, anyways there are always experts like you & seniors in the forum.

Trader Junkie said...

longs need to be cautious for the following reasons

1. 6400 Call addition continues with PCR at 0.34 v/s PCR at 6200 at 3.8.
2. Range wise we are closer to 6400 than 6200.
3. There is consistent MACD -ve divergence across various TFs from 30 mins to daily
4. it took 7-8 days to come back to 6350 when the fall from 6350 to 6130 took 3 days

ITradeForProfit Daily said...

Anybody has a source to know OI hourly closing values for the ATM options? if you do have, kindly share it here.

Thanks in advance

Mukesh Honest said...

kripya itc, infy, tata steel, hcltech, grasim, jp associates par apna view dijiye...nifty me jnsar se kamai kuch kam lag rahi hai sabko...ho sake to ek do stocks aur de dijiyega pls pls

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