Wednesday, January 29, 2014

Nifty Intraday Update-II


14 comments:

Prabhat said...

@Master: What the levels for intraday weakness for today?

Ilango said...

@ Prabhat,

Since the rise from 6086 to 6170 is a 3-wave structure, it could be a "Flat" which would mean a trading range of the same.

Besides these, 6130-40 provided crucial support on 2 recent occasions. Now the attempt to stay above "it" is on. There will be sellers between 6163-89, last two day's highs.

hence, break below 6130-40 could be taken as weakness. Trading during "pause" requires very careful trading....as in a "b" wave.

If not, simply flow with the trend till it bends.

Prabhat said...

Thanks Master. Got it.

Prabhat said...

As of now, nifty find it very tough to cross 6160 itself from which was the level from which it fell @~11:20 am. I guess move above it only a bounce may come up Master's level of next resistances.

Bhanu Pratap Sarma said...
This comment has been removed by the author.
Kiran said...

NR7 Day as of now...

Sanjay Jaiswal said...

Dear Ilango Sir & Blogmates,

OI Table Update at 1:00PM, Pivot-6133, S1-6093, R1-6179, VWAP-6160

Huge addition at 6200CE and 6100PE levels, the index could stay in this range till Expiry…

Thanks & Regards

ITradeForProfit Daily said...

Nifty futures moving into discount now

marina s rao said...

GM Master & blogmates.

Have a profitable day.

anand said...

And google charts back to its non-auto-refresh status...!! :(

mayank said...

again auto refereshing after a brief halt !!!!!

shriram said...

--> back

looks like 62CE adds , are a direct displacement from 64,63CE unwinding ?

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