Monday, May 12, 2014

Nifty Intraday Update-I


42 comments:

D.S.SASAN said...

Good Morning Dear Sir, Bros. & Sis's,
Have A Happy Day.

One Share named SELMCl (Sel Mfg. Co.) F.V.10 B.V.43. Promoter Holding increased from 8.37 to 15.78% in Mach,2014 Qtr. ,PCB/GDR holding 44.47%,Qterly Sales appx.750 Cr in last 3 qtrs.,production line Textile General have present rate of Rs.3.55. Negative points are Dec. Qtr. Minor loss, Equity increase too much, HAVING ALL TIME HIGH OF RS. 757/.Total Assets 4276 Crore and Net Worth 1436 Cr. Experts please analyse and Comment.

shriram said...

watching cement pack & new Bank License plays, esp ULTRACEMCO & IDFC.. can do easy 20-30% up from here

Chetna Jethi said...

tisco above 424-25..80% of the last fall shall go for new year highs....

Piyush Sharda said...

@shriram
is 5 dema daily close sar experiment on or off?

shriram said...

@ PS: tats a Q for Amnp's scope now.. :-) he was tracking it.

Piyush Sharda said...

sir,

is there not a consensus of a modi govt and rally post elections? buy rumor and sell
news may become applicable post elections ( for short term to week day tf )?

Piyush Sharda said...

@shriram,
for nifty spot w/o any costs it generates 6077 points from 10 jan 08 to 4 apr 14.

shriram said...

Intra Candles r forming a Bull Flag... holding 6920, can attempt 7000... the Overhead RES zone now is 7120-200

Bell Curve maths says price is 1Std Dev > Dev.DhiEMA, but in Extended W3s.. thats not an Hi-prob indicator of Days Hi being done!

shriram said...

@ PS : nice, well then we hv 1 road map to Low Risk, Hi-prob prosperity , right there

anand said...

Observation :
Another bull flag in formation with supports near 6920-30? or a corrective unfolding from "top" 6975 ?

ITradeForProfit Daily said...

Highest weekly gains on Nifty were recorded in the week of 15 May 2009 when Nifty rose from 3673 to 4509 a gain of 836 points.

This record is in danger of being shattered this week.

Piyush Sharda said...

@shriram,

somehow i was not exited so i didnt add my feelings with results and let the reader interpret.
slippage and brokerage become substantial and in a few fy it didnt generate anything and in few fin year it generated a lot. so that will put a huge pressure on traders' psyche.

anmpatel said...

@shriram and @ PS
experiment jaari hai.....100 trade ke baad result aayega....

btw...if nifty close around 6950 on Thursday EOD i am thinking of NIL the future position and buying both 7000ce and 6900pe...for result movement...is ok?
thanks.

vignesh said...

@ Ilango Sir....

Sir your view on Bank Nifty.... Need your guidance...

anand said...

@Jai Shriram,
Nice to see your Math curve back- was about to ask how many std deviations we are away since DHema is quite far from Spot ? You take DEMA as mean for SD calculations ?(I recall you told the method but I cannot refer to it as of now and Ehlers’ book has gone above my non-engineering head :-)

shriram said...

@ PS: Thats ok. Personally, am not comfy wid MECH. TRADING as a strat..

My own view, is market is a Boxing Ring..have to be like Muhammad Ali,... Dance in, stick n jab the opponent in Hi-prob plays & move out with points & min. damage to body (capital)...

Pattern Trading suits my psyche & bank acct nicely for now... i will hv to think deeply about SAR trading, if time constraints reduces my trading ..

Ilango said...

@ Piyush Sharda,

When prices started to rise from 5119 and 5933, "Modi" wasn't in sight.

Prices had consolidated for 4-5 years and were waiting for a trigger to forge ahead.

The trigger was "end of UPA" in sight.

Modi has added to the momentum.

Post election results, there would be many "events" that would be unfolding.

We must only follow "prices" and we would be on the right side, the side of the strong money which can't hide their fattening inflows. That is our guide. FII's inflows rings quite loud and clear.

EW study suggests of a huge upmove unfolding - nothing has been negated yet. Till no negation happens, why not follow for the "once in a life time show"....

===================
A flat is underway-intra.
==================

Sanjay Jaiswal said...

Dear Ilango Sir & Blogmates,

OI Table Update at 11:00AM, Pivot-6819, R1-6967, R2-7046, VWAP-6965

Bulls are adding huge in Futures, but also selling OTM Calls to hedge their position and so the PCR has gone below 1, Stay cautious at higher levels….

Thanks & Regards

shriram said...

@ Anand: Price is currently > 1 Std Dev away from mean (70pts) ... and forming a suspect bull flag.. its an indication of strength

marina s rao said...

Day Low : 6862.90 Day High : 6975.70 Day Pivot : 6794 Hour Pivot : 6923

NS well above BRN @ 6900.

Day Pivot's R1 cluster @ 6921-6936 now providing support.

Crossing 7000 Today is a forgone conclusion.

NS in BAH mode till above HHema @ 6877.

For learners sake :

BAH = Buy And Hold BOD = Buy On Dips

SAH = Sell And Hold SOR = Sell On Rises BRN = Big Round Number

anand said...

Sir
Very timely you have mentioned this. Soem of us may be relating your write-ups with "clear Modi wave" etc but some may recall your "MAP" of the market drawn more than a year ago (referred by DRji once) as well where I remember you saying something like " After the correction - till 4550 on the max down side marked - a strong upmove may continue for months" and even UPA end was not in sight with only economy slowing down !
This has strengthen my faith at least...and "prediction" looking plans are not predictions at all.

shriram said...

@ Anand:
When u become Michael Schumacher.. driving a Ferrari V10 @ 350kmph is a breeze.. Master, is the schumi of the EW Masserati :-)

anand said...

@Shriram
: -) :-)

You pick really apt words...! (Have not been a car lover- Now I am getting some inspiration and if I can ride this one....training under Master and his Pit crew members (?) like you ...hehehe...)

marina s rao said...

Day Low : 6862.90 Day High : 6975.70 Day Pivot : 6794 Hour Pivot : 6945

NS well above BRN @ 6900.

After well needed pause now NS is aiming HKN ( Hepta Kilo Number ) @ 7000.

Day Pivot's R1 cluster @ 6921-6936 now supporting NS.

Crossing 7000 Today is a forgone conclusion.

NS in BAH mode till above HHema @ 6904.

For learners sake :

BAH = Buy And Hold BOD = Buy On Dips

SAH = Sell And Hold SOR = Sell On Rises

BRN = Big Round Number HKN = Hepta Kilo Number

Piyush Sharda said...

@anmpatel do u have an idea how long will 100 trades of 5 dema on daily closing basis will
take?

anand said...

A Running flat done till 6928 from 6975 and bull flag unfurling ?

Abhi said...

Sir,

This is my first facing trading during election time.
Need your guidance.

From today evening, exit poll will start. Is it better to unload longs by today ? From the past experience, what is your suggestion ?

shriram said...

hahha.. yeah, all we need to do is stay in his "Slipstream" , Learn how he goes about handling the Straight-lines (TRENDS) & kerbs / braking zones (CORRECTIVES) ....

Do it right & before long, we might just end up wid a podium finish, alongside him :-)

Piyush Sharda said...

thank u sir, was asking from perspective of partbooking/part hedging jnsar.

gauresh59 said...

jalasa karo bhai.............jalasa...................

shriram said...

yeaah.. coommon bulls .. :-))))))

marina s rao said...

NS latest Day High @ 6988.25

NS roaring 2 cross Hepta Kilo Number @ 7000.

Will it go past HKN b4 12 Noon ?

Raman Kapoor said...

Dear All,

Does anybody know some tips to boost one's self confidence and self belief.

Thanks

Amol Sharma said...

Nifty near 7000. Sensex near 23500. what next ? Greed is near peak. Is it time to unload some profits ??

Ilango said...

Bull market rises on a "wall of worries"..

Let there be worries all round..

All kinds will be floated around to snatch the "candy from the innocent retail baby".

========================
Flat's "b" done..?
========================

anand said...

Observation and lesson revision:
Lead indicator turning down but above trigger and in strong move can remain in OB for a longer time.
May be laying a trap to go short based on indicators...
Now 6957 to become support? Earlier resistance zone while making flag?

shriram said...

Master,

Expanded Flat forming ?

Ilango said...

@ shriram,

Yes..Irregular..undertone bullish in ST...till tomorrow's opening after exit polls.

STOCK4SURE said...

a small bearish WW may develop.may have form pt3 near 6988ns.may have done pt4 inear 6959 or may do a little lower......pt5 may form near 7010 near 1.30pm and then may dip towards 6930

55ema in 2 min charts is 6952ns

Rajaram'z said...

Master, for those who had missed an entry into this - will we get another chance.

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