Friday, January 17, 2014

Nifty Intraday Update-III


17 comments:

Aly said...

an IHS may be forming in 2 mins with neckline of 6289 and target of 6303

chandiok said...

Dear Ilango,
Now strenght only above 6311....there seems to be a cofluence at the price Sir

anand said...

Sharp fall envisaged in 2 minuted at 21-55 EMA converging near 6285 when NS spiked above 6290 working?
6277 not held, will 6264 or 10SAR hits ?

sudharsan said...

@Master can we take JNSAR position @ 6248 since we r in afternoon session????

shriram said...

BN closing < 5WkEMA

NS may follow suit next week..

Kiran said...

Monday's JNSAR few points away.

ITradeForProfit Daily said...

From ND Sir's website

Breakdown occurred below 6266.1

Breakdown target : 6228.1

SL for short positions : 6,327.10

Aly said...

@ sudarshan,

gap support exists at 6246-6240. may be good to wait for a while at least till closing. if closing below JNSAR & +/- pts. of days lows it may be a good bet to enter into short position with a stop loss of 20 points.

anand said...

Gap filling from 6241-6266 on opening of 15 Jan ? So 6236-41 support as per pre-market also ?

Ilango said...

6273 6278 ... is 50%-61.8% retrace of the last fall from …… 6294 to 6251

80% is - 6285

If weakness is to return, it should be around 6273 6278

Strength gets confirmed above 6278 OR 6285

Aly said...

huge unwinding seen in 63k and 62k PE

anmpatel said...

@master
BN dev jnsar pl
thanks.

Chetna Jethi said...

sir, does it look like a fiver from 6333 with another ED in sight??? time frame 1/2/5 minutes

Ilango said...

@ Chetna Jethi ,

It is either a 5 from 6347 to 6246 or the 3rd wave from 6333 is sub-dividing as shown in the chart above.

It will be confirmed based on the retrace of the last fall from 6294 to 6246 & the break of 6246.


6270 6276 ... is 50%-61.8% retrace of the last fall from …… 6294 to 6246

80% is - 6284

If weakness is to return, it should be around 6270 6276

Strength gets confirmed above 6276 OR 6284

shriram said...

@ Chetna.

More imp.. since its a 5down from 6347 ... can expect another 100 pts fall via another 5 , once a corrective to this fall is done !

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