Thursday, January 30, 2014

Nifty Intraday Update-II


32 comments:

Ilango said...

@ SJkolkata,

You see the retrace table of 5119-6347 which has 5588 & 5365 as 61.8% & 80%, below which 3rd wave(up) gets diminished as the 2nd wave can retrace even 99% also. But such a study will not be of much use for trading strategy.

We found the direction, initially for "E" wave of contracting triangle, then to a=c @ 6071 & simultaneously @ 5971-200dsma.

200 dsma decides the LT scenario.

We need to look for strength, if any, when prices move towards 5971.

Present prices suggest of weekly downward momentum gaining, though 1 more day's EOD price alone would confirm it.

At such moments, we have a trailing nos for strength.

"6189" was for the current week - week's high as well as 26wkema.(a key average in s.macd calculation)

vksoni said...

Friends today is expiry and lets have a contest here.
January Nifty Expiry Guessing Contest.
The rules are simple- There are only 3.
a) Just call out the series close for January
b) No wild guess. A reason is must. Everybody must give a expected close figure and reason for that.
no range (4000-4050) ,only one figure e.g.4000
c) You need to do entry between 9:15 to 2:30, hurry up

dv pandit said...

GA Ilango Sir & Blogmates.
Expiry@6053 at 12pm pivot.

Piyush Sharda said...

sir,
6044-6063 3 wave or 5?

sometimesbullsometimesbear said...

Yuva Josh....No rocket science.....very expensive ad campaign....No rocket science to guess where the 500 cr is coming from.....

so I will check with high command and then give my expiry guess.......:):):)

STOCK4SURE said...

my guess for nifty's expiry close is 6031........34ema in weekly charts


may probably dip towards intradays low of 6018

navtash said...


Ilango said...
For intraday, keep the retrace for the fall from 6157 to the lows being made during this hour..
January 30, 2014 at 10:26 AM

sir , pl confirm that the intraday levels are taken from 3pm high/low and 11 am low /high

Guru Krishnan said...

Anybody for the below Runs in bangalore??? Bull run? power run? or Nifty run??

http://www.investothon.net/run_category.php

gaurav said...

sir is there a + div in hr chart

gaurav said...
This comment has been removed by the author.
Sanjay Jaiswal said...

Dear Ilango Sir & Blogmates,

OI Table Update at 1:00PM, Pivot-6134, S2-6066, S3-5998, VWAP-6057

Equally matched OI at 6050, Logically an Expiry around the level would be beneficial for both the CE and the PE writers, but a test of 6000 or 6100 is on card…

Thanks & Regards

vksoni said...

my expiry guess 6093
between 6087-6100 retrace of 6157-6044

Share & Be Sure said...

Ilango ji, Can it also be considered as completing 5 in Hrly instead of c down or 3rd down continuing in the light of Hrly Stoch highly OS and possibly showing +ve Divg till 6044 is held?

Share & Be Sure said...

I mean completing 1(comprising 5)

Maddy said...
This comment has been removed by the author.
Prakash said...

my guess is 6114 becase market is hourly oversold and also golden ratio (6157-6044)

Ilango said...

From the highs of 6170(29th), the vth sub wave in progress; gets negated above 6060.

Ilango said...

@ gaurav ,

Yes. There are +ve div in Hour charts. But these may be considered "only" for intraday strategies.. and only when prices move past 6060 presently; OR on the completion of this "v"th sub-wave.

SJ_2013 said...

Nifty may close at 6097

jvr said...

@ vksoni,
My guess is 6087. (.38 of the last rise ). JNSAR is down trend and market is oversold condition

rk said...

my guess is 5960 as it the 200 D SMA and the fact that today daily ATR brk down level of 6062 is broken opening a down move till the target of 5960.--Rama

Ilango said...

(iii)rd of the vth sub-wave of the fall from 6063 is unfolding....

dinesh said...

my guess 6065( .23 retrace of the fall from 6157)

Prabhat said...

NIfty closure @6040 - low of the day. Also from OI data - 6050 call has 33 lac OI additions> so closure might be just below it

m.veerasamy Maruthai said...

My Guess is 6057. .23% RETRACEMENT OF THE MAJOR RISE FROM 5119-6347

Prabhat said...

@SBSB: (Sometimesbullsometimesbear) - yaar u have a very long name ... please abbreviate it :)

High command: What did Madamji say?

sony victor said...

Good afternoon Sir and my dear blogmates

My expiry tgt is 6046 based on OI of 6050 & 6000 CE/PE

6026 is AB = CD pattern in focus being in downtrend.

http://postimg.org/image/oqkognwy7/


Aly said...

Ilango Sir in form today - identifying even minute waves :)

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