Thursday, January 9, 2014

Nifty Intraday Update-III


40 comments:

Aly said...

Reposting:

@ shriram

is it supported by facts or history?

To my mind market makers are are not a single entity but a lot of people / organizations working for their own best interest in the market. Will it be possible for all of them to come together and coordinate action

shriram said...

not done any data-mining to give ua % prob , on that Aly

But if fall is a suspect corrective, often times reversals come from positions of Prem. contraction
Whether Conc Buying comes in or not will be known, only when PRICE RISES with Increase in ATM /ITM CALL PRICES

@ present context, thats 1 line of thought to consider..

Mukesh Honest said...

N ram,tum bekar hi mooh maar rahe ho yahan...koi nahi fansega tumhare paas aur tumhara record bhi ek fail trader ka hai...jyadatar level tumhare break ho jate hain...kahin aur try maro..hum jnsar se khush hain

Aly said...

for last 3-4 days, we are seeing mkts trying to upmove during 2-3pm only to give up the gains post 3 pm. Given tomorrow is infy result would the shorters cover their shorts after 3 pm or add more to it?

Aly said...

@ shriram,

true. anyways JNSAR is also down to 6221 so 6222-25 range acts as good stop loss for shorts. On the downside, i think break below 6145-48 range can be a good indicator to go short aggressively

Prabhat said...

The talk in the channels + moneycontrol is the IT & pharma sector are to pose good results. So if Infy results are good tomorrow, Im not sure, mkts my tend to cross Sanjay Sir level of 6207 NF after which it will be buy on dips .. I suppose....

@Master: Are my inferences correct or too early to say? .. I dont want to comment on OI data since they are very volatile & can change any time in a matter or secs/mins.

Aly said...

Dear Ilango Sir,

Can we now say an a-b-c done from 6148 if market goes below 6159?

raghava said...

Above DLEMA (6168) down trend pauses.

shriram said...

Repeat of ysdays humble request to Nifty

A Hammer / Reverse Shakeout be honoured today pls ? :-)

Aly said...

ok it seems mkt has decided to answer my question on its own :)

rose mary said...

N Ram Sir,

STOP ur non sense... markets doesnt need complex systems or lot of thinking... i can show u double digit return over last 6 months...it worked for me.. i just initiate position based on day JNSAR and profit book/re entry based on fibo retracements.. thats it...

Ilango,
How are you... belated birthday wishes.. long live :)

shriram said...

6k strike PE now has the highest OI in the series ...

anand said...

@Rosemary
Long time ! You must be making good use of your gains on year end vacations.. ;-) and we sat thru "low volume" days ! Cheers !!

dharmu mishra said...

@rosemary
double digit means what consistently in thousands
wanted to know just to boost cofidence
thanks

anand said...

Not crossing 6188, make the rise from day low a corrective flat one on 5 minutes/30 minutes t/f?

herry said...

dear sir you said 6178 lavel given & high 6184.15 or 6185 is 5dema so what to do..?

Sujatha said...
This comment has been removed by the author.
Ilango said...

Please.....do not react to "intruders".

Let us trade with our simple approach, simple studies...

Prabhat said...

@Master: What closure for the day should the shorts stay cautious?

shriram said...

Anyone notice a I-HNS on the 30mins chart... NL @ 6170 NS ?

nakshatra said...

And we are heading for another DOJI today.......Explosive move may come tomorrow with INFY results either side it should not be less than 100 points.......lets see

herry said...

Sorry sir but wich leval weeknees

Sujatha said...

shriram ji - already suffereing frm "spondyl" problem so donno about NL :) :D anyway lower line connecting from 5701 to 3 dec. is 6171 spot chart nearly 4 mnths

rose mary said...

Anand,

Yeah... low volumes from last 3 months.. hence low profile im IN.. haha

Daru Sharma,

Take this month JNSAR trade only... 1 lot short at 6282 NS... reversal level now at 6222... means 60 point gain... 60*50 = 3k

for 30k, one can buy 1 lot of Nifty... 3k profit with 30k capital... isn't it 10% gain so far :)

Do a back testing for last 6 months for JNSAR to JNSAR trades alone...
Catch is... Doing simple things consistently is most complex... specially in Stock market trading...

As master say... Trading is Child game :)

shriram said...

Suja:

U pl rest... y unnecessarily play humpty dumpty wid market when neck needs rest ? :-))

anand said...

@Aly
Premium back to 18-20 pts ! Now need to close below 6168 (Dev DLEMA) or better if below 6155

Aly said...

@ anand;

It was around 18-20 pts around 3 pm and has again reduced to 12-13 pts. more shorts entering the system?

Raghavendra said...

@ Prabhat,

Giving weightage to higher time frame - Even if the close is above day low ema - my idea would be safe to take the shorts home considering the Week ( down ) , Day ( down ) , JNSAR & J10SAR ( down ).

Why fear...:)

Raghavendra

anand said...

@Raghavendra,
You have a point !

Prabhat said...

@Raghavendra: I would not have been in confusion given Infy results tomorrw. During such times & given that mkts are trading with such short range of 30-40 pts in this week, the spike ups or downs will be very rapid.. it will not give time to exits shorts also ....

shriram said...

@ Prabhat:

U can consider writing an OTM PE , say 6k PE as a hedge to ur MAin NF shorts (if ur worried bout gap up)

sarvesh sharma said...

average closing above dlema??

Raghavendra said...

@ Prabhat,

Markets know something that we dont know at this point - Prior to previous 2 Infy result day both Week and Day were completely UP.

Below are the links :
Oct 11th : http://tradeinniftyonly.blogspot.in/2013/10/nifty-holding-above-1st-target-of-5979.html
Jul 11th : http://tradeinniftyonly.blogspot.in/2013/07/nifty-displayed-triangles.html

Aly said...

okay closing above DLEMA and tomorrows pivot after a long period

anand said...

So closing just above DLEMA - but Trend indicator still down, though lead indicators turned up...
CAT On the wall ..Infy will show the way tomorrow at 915 !! Systems says stay short...! Cheers !!!

Prabhat said...

@Aly: DLEMA = 6168 & tomorrow's pivot = 6172. NIfty closed @6168.35 which is just marjinally above the DLEMA & below tomorrow's pivot... Which values are to reading from?

mani said...

Dear NRam sir, most of achived trader follow some method , which method are you following, if so please explain it , please don't spoil this blog , this blog will be useful when you start learning ilango sir comment.

Prabhat said...

Lets see what happens .. the tech systems (stay short) or emotion based Infy results tomorrow. OI data for today too not favouring any bottoming signs ... puts OI seem to be spread from 6000 to 6200.

Aly said...

@ Prabhat,

i think I have misread tomorrows pivot. I stand corrected

mani said...

@NRam , I don't know intensity method, i Don't have software which give intensity, But i am following EW with RSI and Ilango sir comment, i am following this blog from couple of years, ilango is giving exact what EW waves says,

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