Wednesday, February 5, 2014

Nifty Intraday Update-II


27 comments:

Magesh Waran said...

goodafternoon illango sir and blog mets,

prakashbkc said...

Shriram sir,

Can we term this rise from 5962 as 5 wave as 5962-5983 as i 5983-5964 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...

reposting..

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

ITradeForProfit Daily said...

80% of today's fall retraced

prakashbkc said...

Thanx Shriram sir for developing new pattern on nifty

Nifty Simba said...

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

Sanjay Jaiswal said...

Dear Ilango Sir & Blogmates,

OI Table Update at 1:00PM, Pivot-6015, R1-6072, S1-5980, VWAP-6007

Still within yesterdays range, unable to move and sustain above 6038 though the 6000CE writers have covered more than half from the last update, VIX above 19.45 is Weakness for NS…

Thanks & Regards

shriram said...

@ Prakash:

New kidhar? its one of the oldest patterns of classic TA ... was unable to see clear EW labels, hence resorted to simple TA

Time for sapaada now , cu all @ 13:30hrs :-)

Manish said...

Pre-market view today :---"5971" would continue to be the number to conquer besides the DLEma..
Until a close above 34 Hr Sma, view the rises with suspicion.
34 Hr sma still to be conqured...

ITradeForProfit Daily said...

NF struggling to remain in positive zone

Prabhat said...

Another day of Master's superb pre-mkt advise & weakness/strength levels during trading time.

@All: What is the 34 hrsma level?

prakashbkc said...

Shriram sir ,

I mean to say Pattern is not new, as u have seen this developing cup & handle pattern & telling on this blog

Ilango said...

Nifty Pre-Market View:

Holding above 5948-56, ST bounce could move towards 6015-6025 zone..
========================================
Nifty made a low of 5962 (Held above 5948-56) and has made a high of 6017(6015-25 zone).
========================================

Not rocket science....Kids stuff.

Piyush Sharda said...

sir ,
5 wave labelling to star from 5962 or 5964

Ilango said...

"5971", the critical number has been discussed on several occasions including during this fall from 6356.

And today, the 200dsma has come upto "5971".

Ilango said...

@ Piyush Sharda,

5964.

Ilango said...

@ Piyush Sharda,

This would mean more highs during the day, holding 5984.

nakshatra said...

34 Hrsma on NS is at 6032.

Piyush Sharda said...

thank u sir. 5984 wud be 61.8% 5964-6017. cannot relate any other no.

Sujatha said...

GA sir nd friends :)

http://prntscr.com/2po0ry

PS : remembering January month concept

bye

ganya said...
This comment has been removed by the author.
Janak said...

awaiting that D-D-D trend to assert itself.........

RS said...

@ Janak,

IF D-D-D trend keeps on asserting itself everyday (by EOD), markets will generally go in one direction only thats D.. (every EOD close lower than previous EOD) and somehow markets don't function that way.

Take ur call. No offence intended.

Cheers
RS

SKS said...

@ Illango sir

Shld we wait for 6025 NS to recreate shorts??

Ilango said...

Ilango said...
@ Iris,

A first 80% (5988) has been surpassed.

Hour trend with +ve div has asserted and Day would turn up if prices close above 6020.(DLEma)

Look for next larger retrace from 6097 to 5933 and Hour TA should be OB when prices reach that fibo point and close below HHEma for conf.
February 4, 2014 at 2:21 PM
===============================================
Hour trend is up & not yet OB. Trail it with 5984 or 5971.

shriram said...

--> back

Master,

as an alt. can u see 5 waves done now from lows of 5962-6021 ?

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