Friday, January 24, 2014

Nifty Intraday Update-I


46 comments:

Prakash said...

@ItradeFp

2nd& 3rd values are of 618 & 80?

ITradeForProfit Daily said...

@Prakash,

It is a measure of distance traveled. Either ways does not make any difference. Some would call it 0.8% others would call it 0.20%. It is one and the same.

farmzpro said...

price to watch is 6309 for resistance, if yes then around 12 noon would be a good time to watch out for people who are in short.

ITradeForProfit Daily said...

Nifty loitering in ND Sir's ATR Buy zone.

Ilango said...

6354.60-6341.65=(i)
6341.65-6353-6342.1-6350.65=(ii)
6350.65-6294.7=(iii)
6294.70-6331.3=(iv)
6331.30-(6284-92)=(v)-i

GV said...

hi friends
i m waiting for short @jnsar 6292.

ting tang said...

yesterday Nifty future volume lowest of last 21 trading days .. something cooking .. generally lowest vol event show power in 1-2 days. Trade with levels

herry said...

dear sir this formetion is 5min chart..?

Ilango said...

Waves could be sub-dividing for deeper falls below "6287".

Prabhat said...

@Experts: JNSAR short triggered @6292?

herry said...

dear sir week trand up fail...?

shriram said...

GM Master & JN Family,

Have a gr8 trading day !

Sanjay Jaiswal said...

Dear Ilango Sir & Blogmates,

OI Table Update at 11:00AM, Pivot-6350, S1-6330, S2-6303, VWAP-6316

Gap down opening saw the Bears back with huge addition at 6300-6400 level though 6300PE level still has the highest OI till now, Sell on Rise for the day…

Thanks & Regards

Ilango said...

@ herry,

Weekly- "Sell on Rises @ 6331-6371"(WHEma+40)

sudharsan said...

Good Morning Master and Friends...Jnsar Hit

herry said...

sir now i what to do wait for 2nd wave..? wich lavel

Sujatha said...

GM sir nd friends :)

6358 not taken out decesively and the 1,2 target achieved wait for 2nd target. trade with your own technicals and TSL if any bounce comes

PS : this is not a call..positional view .decesive break of 6219 will open the gate for 6050 3rd target

Prabhat said...

huge liqidation of 14 lac OI in 6300 PE. Bulls have panicked & have gone underground. Bears are rejoicing with honey.

Ilango said...

Nifty Pre-Mkt View:

Holding 6331 is essential for ST upmove (Nifty opend below it, retraced to 6331)
& holding 6287 is essential for MT upmove.(Nifty broke this suggesting deeper falls)

If deeper falls, waves should sub-divide; if so,

6290 6294 ... is 50%-61.8% retrace of the last fall from …… 6308 to 6272

80% is - 6301

If weakness is to return, it should be around 6290 6294

Strength gets confirmed above 6294 OR 6301

ITradeForProfit Daily said...

Monitoring last fall from 6331 to 6272

6284 0.2%
6294 0.38%
6302 0.5%

Trader Junkie said...

huge PE unwinding at 6300 - PCR is down to 1.1 from 1.6 - 6266 is 80% retrace...Day TA is all down now, Week developing 5EMA coming up at 6257...

Shorts to TSL now !

Ram said...

Sujatha thanks. Your Candle readings are very good.

sony victor said...

Good morning Sir & all

probably that's why i was cautious with longs.

And some members were countering me.

Earning + Learning never stops....

Thank you all.

Crorepathi said...

Taking a JNSAR position is like laying egg,
but making profit is like hatching egg
you got to sit really really tight

chetas said...

@Crorepathi

well said , wish i remember and implement this all the time

ITradeForProfit Daily said...

Next likely target 1.38% of last fall @6249

Ilango said...

@ sony victor,

If you want to make money, the final decision should be yours and you should never ever say...."I said it correct; but others didn't"....

There are two ways:
Never be in touch with marketmen;
OR
After your own analysis & exchange of observations from others, "Take your pick & stick with it & do not look back".

sony victor said...

http://postimg.org/image/vcc3cbj5v/

http://postimg.org/image/cnx9ygfr7/

two charts posted earlier. tgt almost here. 6250 +

sony victor said...

Yes Sir, your point taken. No hard feelings with anyone ji.

Regards for everyone.

Squander Star said...

Good Mrng Master & Friends....

" i am here to drink water, not to capture the river "

Good Day Guys

shriram said...

Master,

Does the whole move resemble an Expanded Flat to ur eyes?

a 6345 6243 -102
b 6243 6356 113 -110.8%
c 6356 6269 -87 85.3% ** in play, seeking 6220-30 NS ?

shriram said...

@ Squander Star:

Thats a mighty fine line :-)

The bottom line in trading is : we have to win, consistently, free from noise, good words !

GV said...

@Experts
i missed jnsar@6292.because sudden down from 6300.i watch spot and i cant order short instantly. any other method u follow to trigger jnsar?

ITradeForProfit Daily said...

@SquanderStar,

Well said mate.

Abhi said...

Squander Star, nice words.

BALA said...

To day JNSR hit so 6292+20 is the stop loss for to day . For to morrow stop loss is to morrow JNSR. Is it correct.Often doubts are coming

gauresh59 said...

@ GV,

you can put alert in your terminal for few points above and below our trading level, and when it buzzes, you watch price movement and take action accordingly....if once it buzzed, and bounce back, put alert again .....

satheesh said...

Namaste Ilango Sir and all,

@ Sony Victor, I was the one who countered you. Anybody has to be cautious with their positions. That doesn't mean that we are not confident. That was my point of view and I mentioned it.

Still I am bullish till 6250NS breaks.

Squander Star said...

@ Shriram & ItradeforprofitDaily

our motto is to make money.... being quiet and taking whatever we get works... dreaming kills...

learnt a lot from master and you guys

thanks a lot ...

Ilango said...

@ shriram,

One such label is done on the chart.

Multiple scenarios require "choosing" or "stepping back till clarity".

Prices closing above DLEma would help the "Flat scenario" at the minimum.

Avi Panda said...

Madam targets are based on FIB Ratios?
How to arrive?

GV said...

@prabat
i missed jnsar hit short because of watching spot. now i m not short. what to do?

sony victor said...

Koi baat nahi Satheesh ji, countering is good. I dont mind ji. :) Stay Happy - Stay healthy.

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