Wednesday, January 22, 2014

Nifty Intraday Update-II


27 comments:

Ilango said...

"Now" is one opportunity..

sony victor said...

"Now" what opportunity sir ?
plz explain or give some hint.

GV said...

@ master
i cant understand master

sarvesh sharma said...

it was the oppurtunity to go long at 6311 with a small stoploss, probably!

sony victor said...

http://imagizer.imageshack.us/v2/800x600q90/593/svf7.png

my view so far

sarvesh sharma said...

and it seems to be working
10 points in

deepak b said...

below 6311 sell nifty....

Ilango said...

@ sony victor, GV,

We have been waiting for the "NOW" moment("NOT NOW" post of yesterday's EOD) for some time to break above 6330.

At "6311", it was one such moment.

Ilango said...

6320 6318 ... is 50%-61.8% retrace of the last rise from …… 6310 to 6330

80% is - 6314

If strength to return again, it should be around 6320 6318

Weakness gets confirmed Below 6318 OR 6314

sanchjit J said...

Dear sir,
Do you see properties of a "B" wave in this rise from 240

sony victor said...

Unable to cross 6333 + cluster, & now if goes below 6300 would lead more downfall.

sony victor said...

16th jan last hour high need to cross, else again trading range comes in play.

sony victor said...

Tough/Stiff cluster of resistances (6333-6343-6358) but 6300 PE writers stands rock solid.

Piyush Sharda said...

sir how can we label from 6287.45

Amol Sharma said...

6342 weekly pivot R1. lets hit it and get me out

Share & Be Sure said...

- WW visible on 5 min chart-- pt 5 formed at 6330.... Tgt 6305/6300 (also near Cam_L3/L4).
Experienced people pl cpmment

Ilango said...

@ Piyush Sharda ,

You could label 6287.45 to 6315.7 as "i" and then waves sub-dividing...

OR

You could label 6287.45 to 6326.6 as "i" and then waves sub-dividing...

satheesh said...

@ Share & be Sure,

a -WW is visible.

Piyush Sharda said...

sir 6287.45-6326.6 looks like a 3 wave form. are u assuming diagonal here?

dharmu mishra said...

can anyone guide regarding volume participation at this level of nifty
is it strong or weak

Ilango said...

"Now" moment is slipping away again..

sarvesh sharma said...

tatasteel puts up a good show till now..sir, it seems that the first wave from lows completed today morning and second as a flat was done at 23.6%...and 3rd start or shall show up sooner...do you see a similiar picture sir?

Prabhat said...

6330 is resisted wonder how many times since consecutive 3 days.

Grrrrr....... Grrrrr..... + pulling my hair.

Prabhat said...

@Master: Looking at how the week has progressed do we give more weight to 6330 as resistance zone or 6300 as support zone?

6300 PE crosses 60 lac + OI. Given that 6200 & 6300 PE have OI highest OI as compared to any calls, can we somewhat hope that nifty is gearing up for big upmove given that RBI meet is on Jan 28th wherein mkt rumours are out that RBI might keep rates unchaged (given the lower inflation + WPI numbers)?

I know technicals should always gain precedence, but just to keep options open, I asked this question. Kindly guide.

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