Tuesday, February 4, 2014

Nifty Intraday Update-II


raj.abj said...

for intraday calculation
w1=5933-5971 =38 points
w2 =5971-5939=31 points (38*0.82%) ????
i am a learner with (low knowledge ) ,please look at .....
if wrong forgive me ......

anmpatel said...

no idea boss...i am sticking with JNSAR with rest of position.

Ilango said...

@ shriram,

Not breaking 5940, the corrective becomes a complex one.

Iris said...

I have booked my shorts yesterday looking at huge addition at 6000 PE. with knowing that trend is still down. Should have hold the positions.

Now taken fresh short at 5968 NS with SL 5988.

Ilango said...

Prices are trading @ the "Decisive zone of 5920-65".

The "tussle" here would offer, at best, only "intra day trading opportunities" using Fibo.

Since 3 D's are driving the prices down, it is best to look out for a close above DLema or signs of "+ve div. in day T/F" for reversal possibilities. The +ve div in Hour T/F fails in 3rd waves. (at times even in day T/F).

Keep a trailing number using "fibo of your choice" or JNSAR or any of the Emas but stick to that "one study chosen".

shriram said...


thank u, since 5934-5971 seems 3.. was exploring thus

a 5934 5971 37
b 5971 5940 -31 -83.8%
c 5940 5977 37 100.0% ** in play ?

Prithvi Raulji said...

@ master,

Is SBIN completed an 'ABC'from 3500??
if you have time please take a look

DR.SGM said...

Dear sir,the corrective rise[ A] consists two set of 5waves,so that,is their any rule or guideline that the C should contain 3 set of 5 waves?

gs said...

nf opening candle has high at 6000 and low 5957.25 ....nifty future tried to cross 6000 at 10.52 am but failed ,
another attempt looks likely

lots of discussion on option oi is going own...my personal experience in its interpretation was not good...I WAS CONFUSED A LOT AND DISTRACTED
so rather than interpreting it myself i WAIT for sanjay sirs input
otherwise base my trade on masters comment only

Ilango said...

@ Prithvi Raulji,

Not yet.

Monitor the last fall retrace from 1673 for early clues.

mk said...

good afternoon
where r u sanjay sir
plz throw some light on OI positions................

Raman Kapoor said...

1 pm hourly close above the 5 hour LEMA

Ilango said...


A flat correction can have such a type of "sub-waves", 2 sets of 5's in A and 3 sets of 5's in C.

DR.SGM said...

Dear sir,pls clarify my doubt.thank you.

DR.SGM said...

@Master,thank you sir.

Raghavendra said...

@ Dear SGM,

From the blog archives :

Ilango said...
@ shriram,

How do u generally identify correctives, Pure form or wid any other aid ?

After 12345, abc comes. That is how we identify the "start"..

Then when we see a 5 in "a", we identify a zigzag in "progress".
when we see a 3 in "a", we identify a Flat in "progress"..
when we see a huge 3rd in "12345", followed by a 3 in "a" for the 4th, we anticipate a triangle in "progress"..

Then, when we see another 5 in "c" in zigzag with c=a or c=0.618x a, we identify the zigzag's "End".
when we see another 3 in "c" in Flat , we identify the Flat's "End".
when we see five sets of 3's in triangle , we identify the triangle's "End".
January 2, 2014 at 12:25 PM

gs said...


thanks for digging out useful info
i am learning ew it is much appreciated

Ding A Dong said...

sir can you please do the same comment like "start and end" for impulse too.
it will help all of us.

shriram said...

--> back

C=A is done now @ 5977 NS... Res above now is @ 34EMA,30m Dev.DloEMA , i.e 5995 / 6020 NS

shree said...

NS to close above 6020

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