Tuesday, January 21, 2014

Nifty Intraday Update-II


24 comments:

herry said...

Dear sir sensax high 21302 is 80% ...todt high

Ilango said...

@ Aly

trendline connecting 6244-6274 is broken.

But

Trendline connecting 6140 & 6244 is not broken and its value would be approx...6282, 80%.

raj.abj said...
This comment has been removed by the author.
Ilango said...

@ Unknown,

Tata steel may have commenced its 5th wave.

5.i is done from 370 to 383 and
5.ii is unfolding.

As long as it holds 373-375, upmove is on.

Amol Sharma said...

I am expecting from here the bear will get thumbs up lets wait and watch.

raj.abj said...

@raj.abj
Dear ILango sir,
Good afternoon,
we are very lucky to have a master like u, for regular updates....

Aly said...

Thank you for your update

interesting to see the trendline connecting 6347 and 6333 highs around 6298 in the chart. How important is this line?

raj.abj said...

if its break6298, from deep low it would act as resistance .

Ilango said...

@ Aly ,

If it is a break-out (yet to be confirmed), prices retrace back to the break-out-trendline and move higher. Moving back into the trendline would keep it back in trading mode again.

Unknown said...

Thankyou Sir and many thanks

Ram said...

Sri ram any views on dlf sir

shriram said...

@ Ram: No idea on DLF

Ilango said...

6314 6318 ... is 50%-61.8% retrace of the last fall from …… 6330 to 6298

80% is - 6324

If weakness is to return, it should be around 6314 6318

Strength gets confirmed above 6318 OR 6324

Sanjay Jaiswal said...

Dear Ilango Sir & Blogmates,

OI Table Update at 1:00PM, Pivot-6300, S1-6268, R1-6352, VWAP-6325

The CE writers have taken control of proceedings with Huge addition at 6400-6500CE levels, much of the addition at 6300PE from the morning has been liquidated, Weak below 6297NF…

Thanks & Regards

Prithvi Raulji said...

6200 call OI -7%
Wt indication abt that???

Shiv Kumar P P said...

Big 4.20 lakhs OI reduction in 6200PE when the market is moving UP...

Fire said...

Nowadays Master frequently repeats the 61.8%-80% level of all the moves to show the importance...a most valuable lesson taught by him. Sometimes it looks like sheer magic, like the current fall from 6318. Thank you Master.

Prabhat said...

seems like today is all options decay day ... boring... day ... booooo.... :(

marina s rao said...

GM Master & all blogmates.

Profitable day 2 all

Karthik said...

prabhat, i still hold some good amount of open 6350 CE lots @ 46. any advise?

Prabhat said...

@karthik: Not sure my friend. You had the opportunity to exit today with profit & you did not? The more time nifty fails to move past 6330, the more it starts to decay given that expiry is nearing. Why trade at odd spots (like 6250, 6150, 6350 while you have 6100, 6200, 6300) which have very less OI. Take this as a lesson - never trade in options with very less OI - most times you end up getting trapped.

Can't say. I think you can keep 6300 NF as SL. If this is broken, then it will test 6250 NF.

Karthik said...

Ok. Thanks for the input on trading on lots with huge OI. I learnt that pretty badly this time.
My big dilemma is how long can i keep my position open with 6300 NF as SL? This friday or till expiry? because the technicals seems to be little non decisive on the breakout/breakdown for this series. It might be a honky-donky ride for both bulls & bears..

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