Friday, January 10, 2014

Nifty Intraday Update-III


40 comments:

ITradeForProfit Daily said...

Advance declines crossover from advance to decline

CDG said...
This comment has been removed by the author.
CDG said...

Dear All,
What could be the reason for this swift movement?

Raghavendra said...

@ CDG,

One way look at it is the Week trend assertion. Nifty closed below 5 Week EMA and till yesterday prices were below it.

Prices moved slightly above this EMA and "trend" is asserting at the last day of the week - last 1.5 hrs of trading

anand said...

So ultimately large trends working ! 6190 broken... Lets break 6130 also .>!

anand said...

5 pts premium -> are we near expiry? ;-)

herry said...

dear sir now what to do...more weeknes...?
& suport..?

Ilango said...

6207 6215 ... is 50%-61.8% retrace of the last fall from …… 6239 to 6175.45

80% is - 6226

If weakness is to return, it should be around 6207 6215

Strength gets confirmed above 6215 OR 6226

dharmu mishra said...

respected llango sir
wave c or iii wave till what level we can expect this to be completed

Mukesh Honest said...

n ram, bheekh gidgida ke mangi jati hai ladke nahi..agar tumhe kuch chaiye hai humse to jhuk ke mango tabhi milega warna aise hi tumhe dutkarte rahenge hum sab aur tumhare msgs to history ban jayenge

Prabhat said...

@Master: Since JNSAR hit @6221 I went long & put SL 20pts below it. It got whipsawed out. Can you pls make me aware of my mistake?

shriram said...

--> back

Bulls unable to conquer 34DEMA, now fighting to save St.5DEMA ... BEARISH !

Aly said...

@ Prabhat:

there is no mistake. It is market movement and it has whipsaws. Since we had put a stop-loss we reverse the trade when it moves in opposite direction

You follow a system. No system can guarantee 100% trades in profit. There are bound to be whipsaws. infact more no of whipsaws imply huge move in JNSAR trade directions

anand said...

Shiram
even if Infy was not volatile...NS behaved as for an event day .100 PT range expanded and now 5 pts premium in first 10 days of month!
So, no matter what is USDINR or even Vix or events...Systems and trends of t/f work ?

Aly said...

3 pm coming. lets see which way nifty moves - down or up?

Muthu Thamizhini said...

great...system is always like that...prepare to put some money on the table when you want to make money....Aly is right....

shriram said...

@ anand:

yes.. better to a DRAVID than a SEHWAG
SYSTEMATIC WORK-ETHIC BEATS RAW TALENT, OVER THE LONG RUN !

The move from 6140-6239 might have well been an Exp. Flat C... will know wot happens by EOD
For now, price is struggling to control 5DEMA

Ilango said...

@ Prabhat,

If there is any mistake, it is the expectations that the trade will be successful because it is based on sound study & planning.

Market can & will do anything.

We need to be prepared for any eventualities.

You did the right thing of reversing the trade.

Why it whipsawed....because of higher T/F, week Down.

CDG said...

is this consolidation or Assertion

shriram said...

@ CDG:

Wk may close < WkLO also.. in that case BIG BIG ASSERTION :-)

CDG said...

the bears seem to clear what they want. Close below WLEMA !!!!!

Ilango said...

Read Pre-Market View again:
==============================
Weekly trend, being down, the sustainabilty must be monitored using "fibo numbers".
=============================
We did the monitoring with:

Ilango said...
6224 6220 ... is 50%-61.8% retrace of the last rise from …… 6208 to 6239

80% is - 6214

If strength to return again, it should be around 6224 6220

Weakness gets confirmed Below 6220 OR 6214
January 10, 2014 at 2:00 PM

dharmu mishra said...

respected llango sir
as per day chart
we are in compltion of ii of 3 wave were 3 i is rise from 5973 to 6415 442pt
now in hrly chart todays low is 6140 which is almost 61.8% of wave 3 i
now the rise from there
can we expect 3 iii
or am i getting confused some were pls guide and correct me sir

Nilesh said...

@ sir,
if close above wlema 6154 than a bounce can it be possible on monday?

herry said...

dear sir i righting 2 times you said morning sell on rise...bellow 6270...

shriram said...

If WkLOEMA is saved.. atleast bulls will hv a chance.. WK and Day though r closing DOWN..

Surprisingly the 61/62PE OI is still stable ..

Ilango said...

@ dharmu mishra,

Your EW is one of the possibilities. If prices sustain 80% of the current rise @ 6160, it can happen.

OR if it sustains 6073, into the next week, it can happen.

This 3.ii correction completion should be monitored in the coming two weeks, if it is 3.ii.

Ilango said...

@ Nilesh,

One of the guidelines of TT is: It is a trading mode as long as prices close below HEma & above LEma. Accordingly, it is in trading mode in week T/F as long as prices hold WLEma less 20 points.

SJkolkata said...

Shriram,
FIIs have been buyinf PEs for last 6-7 tradings.
As per records available with nse.

dharmu mishra said...

respected llango sir
thanks for giving your precious time

Swami Shivkumaar said...

Dear Sir, I reversed my longs when we broke 6214.. Thank u for your updation.

Nilesh said...

thanks sir,
i just miss to sell at dhema +20 @ 6219+20 , but a lesson will be remember.

shriram said...

@ SJK : Thanks, did u see the 11.8Lacs OI liquidation @ 57PE ? Whats the logic there .. more downsides ?

CDG said...

weeks's high and low were both made on the last day of the week.........

anand said...

Another great week ! Though more like a conductor in a bus !....Travelling a lot...Going nowhere! Today especially ! :-)
Thanks to all for support and guidance !

Prabhat said...

@Sriram @SJK: Me too having the same doubt. Why would one liquidate 13lac 5700 PE at such low strikes? Also this is the highest OI change for the day. I never get to understand such moves.

If the PE writers fear the spike of premium at such low strikes, then the OI remains not much changed for 5800 & 5900 puts. Does that not affect ..?

Prabhat said...

@SJKolkota: How do u get to know that FIIs have been buying puts? Can you please point me to the link in nseinda?

shyamal day said...

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