Monday, January 20, 2014

Nifty Intraday Update-III


18 comments:

Bhanu Pratap Sarma said...

wonderful sir... and thabk u

Prabhat said...

Master says "above 6271 (5dema) - ST up, below it is down". Moreover nifty is above 6278 (day pivot) & 6280 (hrly jnsar). I personally believe now, it is intraday buy unless it breaks 6287 NF.

GV said...

market will end flat

Nifty Trader said...

Nifty today played within Daily Low EMA & Daily High EMA.

marina s rao said...

Sell on rises perfectly in play in day T/F

Bhanu Pratap Sarma said...

i sold @ 6315 tgt-6295 achieved.... bt what i am doing now buy ya sell?

Sonu Singh said...

BTST BUY NIFTY FUT CMP TARGET 6370

Sonu said...

@ Raghavendra Sir,
For learning purpose only:
For TCS, although week trend is still up, but usually week-trend asserts itself during the end of the week.
The day down-trend makes it sell and hold. And should have taken is lower. I think it might be an aberration to the moving average based trade.

GV said...

anybody guess how NS end? with reason.....

dv pandit said...

break out done above 6288, look like 6321-6330 can see tomorrow?

Raghavendra said...

@ Sonu,

I believe "trend assertion" should not be left till the end for confirmation - we can have confirmatory signals well before ( at the start of the week or by Thursday closing ). Would like to share details from past 2 weeks Nifty and BN price action.

9th Jan - Thursday : Nifty closed below week ema ( 6229 )@ 6168 and moved up on Jan 10th to 6239 ( Week EMA + 20 point range ) and sold off to close at 6171. A classic case of weekly trend assertion on last day of the week and last 2 hrs of trading.

13th Jan - Monday : Nifty opened with a 18 point gap and cleared the week ema + 20 points range ( 6210 + 20 ) in first 2 hrs of trading and stayed above this through the week and scaled to 6346. Closed above week EMA + 20 point range on Thursday and turned the week up on 17th Jan.

For TCS : From a longer time horizon - TCS was closing above MHEMA for many months and the corrections in December came to MEMA with week chart making a falling wedge. Month trend asserted in December last week and took the prices out of the wedge closing above month high ema with a bullish engulfing patter keeping positive bias of Jan.

TCS kept making a new highs amply aided by longer term as well as medium term high EMA's...The corrections on post result day - could not turn the week down despite a 6%+ fall.


anand said...

Sir
Range is still not resolved ? or we can consider it uptrend now with closing above 6300 ?

herry said...

dear sir you said morning day trand doun week trand up....? so now

Raghavendra said...

@ Herry,

At 3 PM closing : Month is UP with momentum.. Day and Week are UP without upward momentum. Hr is completely UP with momentum.

Prabhat said...

closure above 6300 is very good for bulls. 6200 PE having OI above 73L may simply say it is cealed for the series. But huge 20+ lac OI addition in 6300 PE also says the base is slowly shifting from 6200 to 6300... but its too early to say with another 2 weeks for expiry.

ITradeForProfit Daily said...

Test of DHEMA failed at least for the day

Prabhat said...

Bye all... End of a beautiful trading day with good swings with bulls utlimately capturing the day. Looks that for now the tug of war will be between 6250 - 6350 for the week.

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