Wednesday, January 8, 2014

Nifty Intraday Update-I


25 comments:

Option Millionaire said...

Good Morning Ilango sir and all .

God Bless.

Magesh Waran said...

GOODMORNING ILLANGO SIR @ BLOG METS

Aly said...

Good morning Ilango sir and blogmates,

A downsloping channel drawn on daily charts for the downmove from 6358 connecting lows of 6211 and 6171 has upper trendline at 6198

Trader Junkie said...

one more upmove to complete yet another 5 waves...!! 6200 PCR is slowly falling...

nakshatra said...

@Trader Junkie implications on NIFTY of 6200 PCR is slowly falling ???

Trader Junkie said...

@ nakshatra - if resisted around 6200 then downside chances - remember 6193-6210 is retrace cluster resistance, Also 6208 is D5EMA.

dharmu mishra said...

dear trade junkie
how you use PCR in your trading will you pls explain when you have time

Prasad said...

Sir / Seniors,
symm. triangle forming in 5 min charts from 6153?

gauresh59 said...

Namasthe ilango sir and friends,

Today's quote received :

A small (.) can stop a big statement,
But few more dots (….) can give a continuty.
Every ending can be a new beginning.
“Think +ve”


Prabhat said...

@Dharmu mishra: I am no expert (maybe wrong also - Master or Sanjay Sir can guide you). As per me, for a given spot, if put OI > call OI, then we have bulls trying to protect the spot from further fall. If call OI > put OI, then bears are trying to protect the spot from further rises.

Note that writes gain by the decay of the premium.

Sanjay Jaiswal said...

Dear Ilango Sir & Blogmates,

OI Table Update at 11:00AM, Pivot-6210, S1-6159, R1-6246, VWAP-6203

Battefield has shifted to 6200 Level, with the 6300CE writers sitting pretty, but not a single stike on PE side looks secure for the time being, it's Still a Sell on Rise…

Thanks & Regards

dharmu mishra said...

dear prabhat
thanks for sharing ur knowledge of this subject

Prabhat said...

@Sanjay Sir: With 6300 CE OI it seems clear that it might be sealed. But it does not look decisive that bears are interested to move to 6100 spot. But on the other side, 6000 PE has got ~50lac OI which conveys ... "somewhat" base already formed for the series. But I am curios for your comments on 6100 PE & 6200 PE since they too have ~44 lac + OI. Are bulls trying to give some sort of support to 6100 spot?

Anonymous said...

market will eventually move towards 100 sma

vksoni said...

@s4s
intra -ww target 6145 approx?

RishiM said...

So PCR falling is bearish while PCR going up is a bullish indication ?

Is there any book you can recommend to analyse option data as sentiment indicator rather than option trading ?

Ilango said...

Weak below "6178".

STOCK4SURE said...

@vksoni

7179ns is cmp is 55ema in 5 min charts

may lend some support for nifty to move up towards 6195-6202 intraday

as per my guess ns may not dip below 6162levels intraday now on

Prabhat said...

$Stocksure: Nifty got resisted twice @6190 today & once yesterday at same levels. What is your point behind saying that 6162 will suport for today? Is it based on the low for today?

Prabhat said...

@master: 6178 breached. As per your pre-mkt advise "Weakness continues below 6156 towards 6130 & 6095." Can we see 6156 >> 6130 >> 6095 :)

STOCK4SURE said...

in BN a bearish WW may develop

may soon get support near 11050-55 to form pt4(55ema in 5 min charts)

pt5 may form near 11160 near eod and trgt price may be below 11000 but will come tomorrow

Prabhat said...

@Master: Can we say intraday strength only above 6184? Why - support levels from (10:30 - 11:30) same acting as resistance later till 12:30 & finally the fall. Also, 6178 is exactly the level of the biggest "down" candle in 2 min chart. How accurate can your levels be :)

Himansu Mehta said...

sir,

long term Nifty monthly as 4531 as A

6415 as B

Now as down C

in that case how do you label form 2252 oct 08 low to 6338

and 6338 to 4531 ?

pl. reply

thanks

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