Monday, January 27, 2014

Nifty Intraday Update-II


22 comments:

GV said...

@MASTER
thanksssssss a lotttery ji... this time i got it. i got profit 5000 first time by JNSAR. i m very proud to be your student guruji. again proved JNSAR IS GOD.

marina s rao said...

@GV

B cool.

Don't b so elated. Keep Ur emotions @ bay.

Get rich slowly, quitely & surely.

Aly said...

Dear Ilango Sir,

FIBO table showing only the retrace for 5119-6347. Is it by design?

sometimesbullsometimesbear said...

@Marina...his next comment wil be....

"Friends I missed JNSAR trade because of this /that....Now what to do....:):)

GV buddy just kidding....Enjoy the gain....:):):)

herry said...

dear sir 6156 is E of 2 wave done..? above 6182 is 80% today high and low..

SKS said...

@ GV

from pongal days to profit day way 2 Go

Ilango said...

6226 6242 ... is 50%-61.8% retrace of the last fall from …… 6294 to 6157

80% is - 6267

If weakness is to return, it should be around 6226 6242

Strength gets confirmed above 6242 OR 6267

Ilango said...

Bearish:
6209 6226 ... is 38%-50% retrace of the last fall from …… 6294 to 6157

80% is - 6267

If weakness is to return, it should be around 6209 6226

Strength gets confirmed above 6226 OR 6267

GV said...

@Marina,SBSB,SKS
Hi friends..... thanks ya....

ITradeForProfit Daily said...

@Master,

Is it prudent to do similar calculation based on today's fall from 6189 to 6157 and consider strength only above 80% of that at 6182?

Will this be called conservative or aggressive?

Ilango said...

@ ITradeForProfit Daily ,

Since the fall from 6189 to 6157 was part of the fall from 6294 as the "iiird" wave, such a retrace may not work.

The intraday rise from 6157 to 6179.55 being a 5-wave structure, the "iv"th could develop as a zigzag; hence,
6171 6169 ... is 38%-50% retrace of the last rise from …… 6157 to 6180

80% is - 6162

If strength to return again, it should be around 6171 6169

Weakness gets confirmed Below 6169 OR 6162

Ilango said...

The intraday rise from 6157 to 6179.55 could also be labelled as 3-wave structure; In that case, the "iv"th could develop as a flat/ triangle. Take this also into consideration.

Sanjay Jaiswal said...

Dear Ilango Sir & Blogmates,

OI Table Update at 11:00AM, Pivot-6294, S2-6221, S3-6149, VWAP-6183

Huge addition at 6200CE, seems like a move above 6210 looks unlikely for the day, Sell all rise till todays High is not taken out…

Thanks & Regards

Karthik said...

Is it safe to hold 6200 PE as market seems less moving on downside from morning and may do a short covering for tomorrow's big day?

Prabhat said...

@Karthik: Just a thought from a small ant in the mkt. "Never ride the news/events. Always ride the technicals." In case of events, esp during the expiry, the swings were to happen, then they will be so swift & fast that you will not get time to exit. So in case you are in decent profits, boot out & stay out. Master has always advised to part book. You can always re-enter after the new/events.

sarvesh sharma said...

respected sir, please can you label move from 6158-80 in three waves,..not getting the right points for ABC

marina s rao said...

Latest Day low @ 6152.90

Ilango said...

@ sarvesh sharma,

6156.95-6173.6=a
6173.6-6170.90-6174.9-6171.25=b
6171.25-6179.55=c

Karthik said...

Thanks Prabhat. Thats what i just did.. booked small profit and exited.. As this blog seems to reverberate with a slogan "make gains - slowly,quietly & steadily". I am slowly trying to keep up with the beat..

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