Wednesday, January 29, 2014

Nifty Intraday Update-I


31 comments:

Anonymous said...

karthik you are a horse here in front of so called water

Nifty Trader said...

6171 is developing Daily Low EMA. A close above this today could spread panic in Bears camp tomorrow on expiry day considering steep fall Nifty saw recently & number of short positions being taken.

Prabhat said...

@Nifty trader: So you feel that nifty might attempt 6180-6190 atleast once today? I kind of feel so, but not confirmed since 48 OI is still remaining for 6200 call. I guess it all depends on how europe opens... But Asian mkts seem to be in green - atleast marginally.

Karthik said...

@ anonymous, i dont quite get you...
but it seems like i wouldnt get any answer to specific questions as most of blog mates would be very busy with analysis and their trade strategies.
Its good that this blog is unlike many others to have a motive of profiting from their calls.. but as u said i am looking for something that's unusual of this blog...

sudharsan said...

Good Morning Master and Friends...Waiting for Nifty to reach 21 hrsma at least for rentry

Nifty Trader said...

@ Prabhat

I would look for a close above or near Daily Low EMA today, because that would mean more strength & should target Daily High EMA @ 6220 minimum.

I had written my views in yesterday 's EOD post as well that a panic low has been made which should help bulls.

So lookout for a closing value today and not intra movement .

satheesh said...

@ Karthik,

If anyone can predict markets exact values - it would be wonderful - but the fact which has to be accepted that it is not possible. You have asked if market would reach yesterdays lows to exit your PE position. do you think it is possible to predict?

When you took the trade you must have had certain reason for entering it - especially with expiry tomorrow. That same reason should be valid enough for you to exit. Please please do not go by predictions.

satheesh said...

@ karthik,

also your question seems to be specific of your trades - for which only you can take the responsibility. An analysis can give you the possibilities of the flow of market - it cant be trade specific.

Squander Star said...

Karthik

When master says " 5 Waves done" or Marks a completion of a wave in the above chart... you should expect a ST reversal and book.... now market is gaining upside short term momentum by closing above Hourly High EMA...

READ THE BOTTOM OF THE TECH TABLE " CHOICE IS YOURS ALONE"

Nifty Trader said...

@ Karthik

Always remember that Options can never be an investment. So keep a small S/L on every options trade & get rid of it quickly.

You bought 6200 PE so you must also know that 40 points upward movement from here would make your options value " 0 ", and you won't get anything.

So you exit losing trade & enter fresh trade.

Also don't start loving your open positions, that can become lethal for your capital.

Sanjay Jaiswal said...

Dear Ilango Sir & Blogmates,

OI Table Update at 11:00AM, Pivot-6133, S1-6093, R1-6179, VWAP-6163

The PE writers have taken small steps to get back into the game but still need yeoman effort to move the index above 6200 level for the time being, Range bound moves possible….

Thanks & Regards

sometimesbullsometimesbear said...

@Karthik....so many answers for u....

No rocket science....:):)....Lot of rocket science on TV nowadays....:):)

Raj said...

Expiry expected between 6190 - 6210

Prabhat said...

@Nifty trader: "Also don't start loving your open positions, that can become lethal for your capital."
- very correct.

Mukesh Honest said...

karthik ji, apne trade ke baare me poochna yahan chor dijiye...apko advice na de kar apka hi bhala hoga warna aap daily poonchte hi rahenge. jnsar ke alawa yahan kisi cheej par bharosa na kijiye warna hath me 10 rupees bhi nahi bachenge...jitne jyada number aap yahan dekhoge utne hi confuse hoge...real trade jnsar hai wo bhi closing basis par aur usey 20 point manage karna seekh lijiye...yahi real mantra hai

shyamal day said...

nifty positive but reverse back 6050 level under pressure of expiry of future and option segment for live support and calls intraday future tips

and stock option tips

raj.abj said...

Dear ALL
Namasthe.....

sudharsan said...

@Master corrective 'abc' is completed?????

Manish said...

@ master

Do you still look forward to a possibility of "3" at 6500 and above considering the e wave did not materialise it should have and was an impulse ...?

satheesh said...

If the current low of 358 is supported in Tatamotors, then a swift upmove possible to 362++.
Breakdown of 358 - would lead to 350-345 levels

anand said...

@Karthik, et al !
One of the most important things Master and others are teaching us here...Have patience and trade simple.
Because keeping things Simple is the Most Difficult. And Non action is the toughest action.
No tips here- all telling you to learn and trade ! Take time..! Learn from mistakes..

Piyush Sharda said...

sir how does it look from 6086, abc done at 6170?

Karthik said...

Thanks blog mates for the overwhelming responses for my stupid post.
I learn from all your points.
Particularly analysis is for general direction, cant be specific for a single call, one should exit options quickly and most importantly don't start loving your open positions, that can become lethal for your capital...
No hard feelings at all.. i have utmost respect for this blog members ...
My expectation was some kind of healthy discussion of positions based on analysis view points particularly that can guide lesser mortals like me..
Thank you again for taking time to respond

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

@Karthik
Post your studies....if someone - and generally some here feels its worth- you will get superb response...! And even if no response.. keep learning and sharing. No hard Feelings...!! its a marathon on a mostly lonely track...don't expect spectators and applause on every meter of this distance...! :-)

mayank said...

Seema like finally auto refresh is back in google charts

satheesh said...

Karthik,

position based analysis would create bias amongst readers. It would create lots of confusion - especially for beginners. All trades are initiated based on some reason. If you are able to stick with the reason - no issues at all. Please prepare a table with coloumns -
Trade Date-,Buy levels, Sell Levels, Reason for trade , SL ,Points earned(+/-).
Stick to your reason and stoploss - you will be a real success.

But remember it is easier said than DONE :) - my experience :)

Prabhat said...

Auto refresh in google doesn't seem to be flawless... i experience lag/prices getting stuck at some intervals unless I refresh it manually.

@Master: Below what levels for today does mkt seem to be weak?

Ilango said...

@ Piyush Sharda,

It is a simple "abc" from 6086 to 6170.

It could be "abc" of A or "ABC" itself.

satheesh said...

Sir, comparing Nifty and Tatamotors charts - the count seems to go hand in hand - Is there a way to superimpose both the graphs in one same chart in excel?

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