Wednesday, February 5, 2014

Nifty Intraday Update-I


Trading For Living! said...

@ sometimesbullsometimesbear

Thank You!
Just a small attempt of understanding market.

Any Suggestions are welcome.

Prabhanshu Raman said...

Hi Sir,

Request for your guidance in RCOM EW counts in Daily TF when time permits.

1 - 45-92 (47)
2 - 92-50.2 (42)
3 - 50.2-150 (100)
A - 150-105(45)
B - 105-167 (62)
a - 167-127 (40)
b - 127-140-121-137.45 (10)
i.c - 137.45-115.5 (12)
ii.c - 115.5 - xxxx (unfolding) - Follow retrace for the fall from 137.45-115.5 to get xxxx?

Kiran said...

As pre-market says, corrective rally are lasting only 6 to 8 hrs.

Amol Sharma said...

intersting nifty on 5 feb 2013, one year back, closing price was 5956.90.

Prabhat said...

@Master: What is the levels for strength/weakness for nifty (intraday) ?

Raman Kapoor said...

@ sometimesbullsometimesbear

Thanks for your reply yesterday. I am afraid I still could not find the formula for JNSAR. Could you help me out with this.

Kiran said...

@ Raman Kapoor
JNSAR formula is propritery formula found by ilango sir.

sometimesbullsometimesbear said...

@Raman dear....the intention in a lighter vein was to just make u go through earlier discussions on trying to know the formula....I hope u have gone through them...

The moral of the story is simple

Why worry about trying to calculate JNSAR when Ilango is giving it to us without asking anything in return and selflessly and religiously without a break for the last five years....!!!!

When everybody else on earth is trying to make the simple u have the complicated made so simple......

Just apply it! Just do it!

Have a nice day...:):):)...Luv.

Prithvi Raulji said...

@ Master,

If we reached @6060 , than possibility of tgt of 5800 get nagated??

Crorepathi said...

JNSAR is not a formula, it's an IDEA,
It's to empower traders,
It's a system in it self,
It can create huge wealth for those who dream big.

Raman Kapoor said...


Although I had gone through the JNSAR posts but after reading your message I thought I may have missed it so I read them again. No offence taken.
I have full appreciation and regards for Sir but I always prefer to learn and do things myself and not depend on others. Had no idea that it was a proprietary number.

Ilango said...

@ Prabhat,

The rise from 5933 - 6018 was a 3-wave.

Hence, this fall could be a simple/ complex "b" wave to be followed by "c" wave towards 6035, if 5946-58 is held(approx)

OR prices are back to their "trending mode".

"b" waves are the frustrating one unless you adopt to the small trading zone of 5950-6000 approx.

Sanjay Jaiswal said...

Dear Ilango Sir & Blogmates,

OI Table Update at 11:00AM, Pivot-6015, R1-6072, S1-5980, VWAP-6001

Huge addition at 6000-6100CE, sustaining above 6014NF won't be easy for the time being, Sell on Rise continues…

Thanks & Regards

Ilango said...

@ Prithvi Raulji,

If prices remain below 6051 or not close above DHEma, prices would trend towards MLEma less 60 points which would work out to 5800. This is based on present technical set up.

If prices behave differently, we'll look at the structure in the changed scenario and not until then.

gs said...

sir plz update 11am data

Prabhat said...

@Master: Thanks. Yeah its a very frustrating day where there is no clear direction emerging now. Its like nifty is very heavily oversold, so I am expecting a small 100-150 pt bounce from lows made yesterday. But same time anything above 6000 is getting sold, but at the same time nifty is not breaking 5920 either. Looks like it will remain so for another couple of days.

Very tough to enter into new positions.

Mukesh Honest said...

Sriman prabhat, shriram aur raghvendra ki knowledge aapse 10 guna jyada lagti hai par prediction comments apse 1/10 kam aate hain unke so kirpya aap bhi prediction par kam aur trade par jyada dhyaan de, parinaam sundar ayega...kal aap long ke baare me likh rahe they jabki jnsar short hai ye humare jaise jnsar followers ko darata hai..

Crorepathi said...

Jo darane se darthe hain, wo darpok hothe hai,
hamesha dar ke aage jeet hai
hamne yhaan dar ko jeet ne ko seekha.

Piyush Sharda said...

6013-5962 3 wave or 5?

Ath Shree said...
This comment has been removed by the author.
ITradeForProfit Daily said...

Monitoring today's fall from 6013.5962

5981 0.38%
5987 0.50%
5994 0.62%
6003 0.80%

Piyush Sharda said...

i think ans to my q is in ans to prabhat ,

shriram said...

G.Afty Master & JN Family,

have a gr8 trading day !

Prithvi Raulji said...

In to TA ,

6089-90, 5 numbers,
JNSAR/ J10SAR/DHEMA/Weekly Close /Monthy Close

Lets hope we will get there

Prabhat said...

Wonder why people keep commenting about others. Keep it simple. You cannot control the world around you, but you definitely can control your own self. Believe in what you do, be confident, seek advises from experienced & the wise & "ignore the rest of them".

Ding A Dong said...

Prabhat its like a jukebox :-)

prakashbkc said...

Shriram sir,

Can we term this rise from 5962 as 5 wave as 5962-5983 as i 983-5964 as ii 5964-6003 as iii with 6003-5994 as iv , 5994-xxxx as vth With ii as abc x abc correction so iv may be simple correction?

shriram said...

@ Prakash:

Will side step EW for a bit, To simple eyes.. a nice CnH may b forming..

B.o on 15mins close > 6010, Tgts: 6010+ 50 = 6060 NS

Trading for living said...

After reading this blog....I am almost sure that markets can neither be tamed,nor predicted and not even's a myth . 5971 BEING A CRITICAL NUMBER ,breached about 45 points above that level....dunno if anyone can trade this. It's easier to see in hindsight not while trading......

Trader Junkie said...

6000PE @ 75 lac OI - highest - 6000 might well prove to be the base for this series !

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