Tuesday, February 4, 2014

Nifty Intraday Update-III


34 comments:

shree said...

NS to close above 6020

Iris said...

Sir

what can be good entry point for fresh shorts. Can we say 6016 - 6035. 50% to 61.8% of 6097 - 5934

Chetna Jethi said...

respected sir, todays gap is an exhaustaion gap??? created and filled quickly and was the 3rd too???do yuo see it like this?

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.

Raman Kapoor said...

In the hourly data, nifty has been making higher lows since morning and higher highs since noon.

Prithvi Raulji said...

Who Bought at lower level??

Only FII and our blog

Raman Kapoor said...

Hourly JNSAR also triggered

shiva said...

Yes ..Prithvi Raulji..

Prakash said...

yes Prithvi bhai u r right

Prithvi Raulji said...

Please please give close above 6020

Please god

Shiv Kumar P P said...

Master.... Is there a pending 5th wave down after completing the 4th at approx. 6020-6034 levels ?

shriram said...

Master,

This is no longer a ABC... more like a big A

Prabhat said...

Closure above 6020 will give good hope for bulls tomorrow. But I feel closure above 6000 is also a good start. Not expecting too much from bulls in a single day.

Chetna Jethi said...

a fiver probably done at highs of 6018,,, 5th was was extended in between or 3rd/C extended, completed...lets see..how much and which way does the retracement comes. Your views, Please Sir!!

Ilango said...

@ shriram,

Holding 5940, complex corrective exceeded 5988 and has become either a "Reversal attempt(green-2" or a larger retrace of "either a sub-wave of the fall started from 6170" or " larger retrace for the entire fall from 6356".

We'll take one step at a time. And we'll await the EOD close for more strength.

shriram said...

Master ,

Thanks. Am estimating so based on a combo of the Wave form from 5934 up & the stability of the PE OIs ..

despite the huge opening gap down.. 59/ 6k strike PE OI did not liquidate.. some one is betting on holding the level for the next few sessions...

Ilango said...

3.00PM TT & Chart Updated.

durga said...

Gd afternoon master n all
Blogmates.

Ilango said...

5987 5980 ... is 50%-61.8% retrace of the last rise from …… 5956 to 6018

80% is - 5968

If strength to return again, it should be around 5987 5980

Weakness gets confirmed Below 5980 OR 5968

SKS said...

@ Illango Sir

Can we take home the long taken @ 5977 NS

Sriram

Ilango said...

To defend/ attack "5971", today's price action shows bull's 1st successful attempt.

"5971" holding is crucial for ST...(this week)

Piyush Sharda said...
This comment has been removed by the author.
sometimesbullsometimesbear said...

@PR
Prithvi Raulji said...

Who Bought at lower level??

Only FII and our blog

FII maybe yes..

Blog goes long when JNSAR goes long...:):)

Prabhat said...

@PR: Ditto SBSB: We are still in sell on rises. Jnsar long level is 6151.

Piyush Sharda said...

sir,
6170-6027 -3.1
6.97-5933- 3.3
3.4 going on
how did u rule out this possiblity

shriram said...

5wave count to simple eyes from 5934

i 5934 5971 37
ii 5971 5940 -31 -83.8%
iii 5940 6018 78 210.8%
iv 6018 5995 -23 -29.5% ** in play / done ?

v 5995 6027 32 (38.2% of 1-3 distance from 4)

v=i gives = 6032

Prabhat said...

@Master: Yippieeee..... :) :) Your pre-mkt advise is like whisky on the Rocks. !!!

deepak pinto said...

Sir
Looks like a bullish meeting line is being played out
Close of opposite colour at around
6000
Against trend though

Karthik said...

@prabhat:: did u come out of ur risky long trade that you discussed in morning or still waiting for this bounce to reach some distance?

Prabhat said...

@Karthik: Since I am a stubburn student, I went long in morning & later there is 1 more golden peice of advise that Master gives "Always keep part booking your profits." Since mine was against the jnsar trade, I decided not to take delivery & cover all positions. But I have a feeling that nifty might attempt 6050 tomorrow or day-after unless Uncle Dow spoils party. I have a couple longs still left which I bought last week.

Karthik said...

Thanks Prabhat. I am a greedy little being and expect similar levels of 6050/6060 from where the whole slam started during last 2 days.
I have good respect for master, other senior blog mates and wonder the disciplined approach without being greedy/fearful.. I will have to go a long way to be one of his obedient followers..
have a great evening hopefully not filled with dow nightmares!

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