Friday, May 16, 2014

Nifty Intraday Update-I

Prices have gone through the "Roof"; Allow me some time to update the charts.

72 comments:

anmpatel said...

@master
red label negated?
thanks.

Crorepathi said...

Ilango and Modi single handedly transformed people's life!

यदा यदा हि धर्मस्य ग्लानिर्भवति भारत ।
अभ्युत्थानमधर्मस्य तदात्मानं सृजाम्यहम् ॥४-७॥

परित्राणाय साधूनां विनाशाय च दुष्कृताम् ।
धर्मसंस्थापनार्थाय सम्भवामि युगे युगे ॥४-८॥

Rajagopal said...

The roof itself is flying. Sait kush hua ?

Rakesh said...

@sir ,

first of all salute to ur hardwork and immense knowledge on EW and technicals...

just one question...what the max target u r guessing for 2day...

sometimesbullsometimesbear said...

@JNSAR Traders....Hope u had taken this bumper trade....and stuck to it for dear life.......Ur entire FY14-!5 profit is done in one trade....:):)

This is what trading is all about...:):)

Hahahahahhahahhahahahahaahhahahaha

Yash and Dhan said...

Yes STBSTB,
I have one lot from 6710 NF. Biggest trade till date for me.
Thank you "Sir" for this journey, very satisfying indeed.

gauresh59 said...

@ all,

जय हनुमान ज्ञान गुण सागर ।
जै कपीस तिहुँलोक उजागर ॥
God is Great.......................Have faith in Teacher who is manifesting Almighty.........
All is well ................


Hitendra said...

NS below 34 sma in 2 mins?

Bhushan said...

Good Morning Gurudev and friends

Congratulations to everyone for bumper profit

Crorepathi said...

2007 - got into market, made money due to beginners luck and bull market(Super excited)
2008 - Saw LC, went back to hibernate and with goal of catching next circuit(Rage and Revenge)
2009- was sitting out when double UC happened(Excited as was not caught wrong)
2014 - Caught UC that too with BN.(Just a feel good, calm and quite)

Thanks Sir for not only teaching market but to have emotional balance.

Asha said...

Good morning Ilango Sir and all the Blog mates!
Thank you sir for your continuous guidance.

Ilango said...

Charts updated; New roof fixed "to scale"..

sometimesbullsometimesbear said...

More voices pls....:):) ..For Ilangoji....:):)




Sourav Kundu said...

Dear Ilango Sir, Only one word... Respect!

Ilango said...

This day, since the start of this blog, has turned out to be the most satisfying day, especially "seeing so many accomplished traders" amongst us.

shriram said...

@ Crore : nice man, ur living up to the name :) .. 1 Q, where is the UC in 2014 ??

Forum Login said...

Ilango Sir ,

A big THANK YOU . No words can express the blessed feeling am having now.
Considering the 3rd wave subdivided since today morning , Can we track the 5 waves like below
1st done @ 7428 , 2nd done @ 7325 , 3rd done @ 7556 , and 4th is going on now ( or May be got over @ 7410 ) ?

Ilango said...

If I have taught you to count numbers and alphabets to make money, all credit goes to R.N.Elliott and Robert Beckman and

most importantly, without this connection of so many enthusiastic & passionate readers and their faith in me.

For this, I'm ever grateful.

shriram said...

U have a valuable gift Master !

u spread happiness, not just know-how :-)

rose mary said...

Thank you Ilango Sir.. i am holding 2 lots of NF from 6684 ... :)
Wonderful feel of catching this whole upmove... but i traded 1/4th of my usual positional trade quantity.. anyways feeling delighted :)

NK said...

Upper circuit for this qtr

1. 10% @ 712 points from previous close (7835)
2. 15 % @ 1068 points from previous close (8191)
3. 20% @ 1424 points from previous close (8546)

NK

sapna said...

Now for all of us who have benefited from this blog, lets not forget to pay monetary tribute to the account on the top right. Thanks Illango.

gauresh59 said...

Sir,,,,,,,,,,

I am one of them.............learnt too much ......for technicals as well as discipline and firm determination..........by co-relating spirituality with trading activity............

Prabha Gopalkrishna said...

We are grateful to you master...

Social Media Earthworm said...

" Guru Dakshina" One request to all Bloggers and members , hope most of you made money , we all respect Master. Please do contribute for his selfless service( please look at the upper right had corner"Contribute to" ). Master will still give us wholehearted support as he has been doing for last 7 years even if we do not contribute .. however in this kaliyug monetary contribution is a sign of respect . Not from your pocket but from the profit ( even 5% -10%) of your profit is good . We can keep on blogging our namaskar , greetings and respect , lets put it in kind . "Guru Dakshina" to banta hi bhai " .Acche Din Aane Waley Hain . Where do you find in any blog , wherein one puts target for everyone to see ... it is sign of deep spiritual thinking and market . ..

Ilango said...

@ Forum Login,

1st and 4th can never overlap, one of the three golden rules of EW.

Trailing is the only way to "protect".

You could use day's low, for eg.

The fact that after showing "318" for BJP & allies, the UF hasn't happened, makes one wonder whether UF is possible; hence, the suggestion to part book and "not exit entirely".

Hitendra said...

Sir - What is UF?

shriram said...

7400/500 CEs are not unwinding much...

either the written Calls are a Hedge to main Futurz longs or writers are sure, the levels > 7400 r not gonna sustain for many days ... mmm

Manish said...

@ master,

Finding you in this Lifetime is the biggest Gift we have got.Jai Ho,Jai Jai Ho !!!

Rajagopal said...

"UF" certainly not United Front today !!!

Crorepathi said...

Jai Shriram!
technically 10% is UC and which was clocked by BN but I dont know why they did not close trading

you are amit shah of Ilango :)

dharmu mishra said...

Respected llango sir,shriram sir
Thanks for guiding for each of my baby steps in the path of market trading

mayank said...

Sir,

We are grateful to you for all the teachings,discipline and focus and not to get affected by events .
No words are enough to mark your greatness !!!!!!

Regards

shriram said...

@ crore: damn, ur makin me sound sinister :-P

200 pts fall from days high, but the wave has "Decepticon" signature all over it !

Holding today's Open-Low can bounce again ?

D Anand said...

UC - upper circuit ; UF - upper freeze

ITradeForProfit Daily said...

On Monday had suggested, this being the highest ever rise week.

Got it right this time it seems.

anand said...

@Shriram
the 200 pts correction is in 3 waves form ? How your "simple" eyes see it?

Hitendra said...

what does it mean though when referred as "Upper Freeze"

STOCK4SURE said...

sir
last leg upmove was 534 pts from 6638 to 7172

so adding 534 to 7080(7078) comes near 7614

may be possible trgts for intra near eod

marina s rao said...

GM Master & Blogmates.

Wish all peace.

shriram said...

hahah.. yaar Anand : ab meri "simple" life ko, kitna mushkil banaane ki sochi hein ? ;-)

fall seems hi-prob corrective ZZ , provided days LOW holds... is wot i meant.. more highs possible.
Also, OTM CEs are not unwinding.. so that suggest upsides will be FLEETING,

EPHEMERAL like the wind, we can feel it, sense it, enjoy its caress, but try catching it in ur hands :-)

satheesh said...

Namaste Sir and all,

Sir, thanks for ALL you have given us. Also thanks to all Blogmates for your valuable inputs. once again PRANAM.

anmpatel said...

@master
no word to say for your commitment...
Dhanyawad...

leon said...

Sriram Ji/ Chetna Ji: TATA Comm breakout? RCOM not breaking out, good for exit?

Rajesh Rekhani said...

Tisco a 5 looks complete from 388 to 485..

STOCK4SURE said...

Bn cmp near 15290

support of 55ema in 2 min charts near 15272

may bounce from here

murli said...

ILLANGO SIR
BANK NIFTY NEXT SUPPORT AND RESISTANCE

STOCK4SURE said...

14950 is 55ema in 5 min charts

Chetna Jethi said...

@leon--I think, patience holds the key

shriram said...

@ leon : Chetna is TELECOM Minister here :-)

+WW has formed on intra candles.. 1-4 tgt is 7450-500 again , damn.. 1st time am seeing an intra-pattern with such a crazy-wide range... phew !

sometimesbullsometimesbear said...

@Sanity returning to the market...:):)

Now Modi and team need to perform...))

BTW I was hedged today....(hv never discussed my trades here in deference to blog rules)...:):)
The saving grace was I caught the exit poll rally...:):)

anand said...

@Shriram,

We are seeing so many thigns frist time ! and Master's "Satisfaction" to see "good students" is ..... Really I cannot describe.! Jai ho !

Chetna Jethi said...

double bottom and correction done!!

Chetna Jethi said...

@shriram ji---- aur koi nahiin mila leg pull karne ko..i am only --HOME minister!!!

anand said...

@CJ,
Your favorite, Flat corrections (?) with this range also look like ZZ. From 7083 till 7563, the retrace is not even 50% (at 7300)...so lets hope Shriram's Wolves go Howling ALL THE WAY to Master's Targets.

shriram said...

Anyone has a view on GS Goldbees ? Its trading @ the 61.8% Fibbo of prev. rise & fall is suspect 3wave ..... ??

Pattern Trading said...

Pranam master .. charas sparsh

SJkolkata said...

Pranaaam,

JAI HOOOooooo.

Chetna Jethi said...

@LEOn...rcom ko aane do above 130--it will shoot to 140-44 ....have patience..this ios only ADAG stock that has not participated..IT shall

Chetna Jethi said...

@anand..7430/40 ke upar jaane do--din mein taare nazar aayenge aaj hi

satheesh said...

Sail has given an excellent breakout !!!

anand said...

Observation :
a 20 pt Bull flag in formation from 7380-7400 range, with pole from low of 7352 ?

STOCK4SURE said...

small(???)bullish WW developing in ns and BN 2 min charts

may form pt5 below 7340 and 15150 near 12.45pm

trgts 7400-7500

trgt 15600-15700

near 2.00pm

ravi said...

@satheesh maam, thanks. y'day i closed my positions too early. what could be likely targets u see

Prabhanshu Raman said...

RCOM - Inverted HNS is forming. BO above 130, T1 132 and then 136 , SL 129 post bo
IDFC - Ascending triangle, BO above 126.85, tgting 127.70 and 129

Hemanth said...

@anand Breakout point please and Targets for the same?
Thanks for your Time

Raghavendra said...

Thanks Ilango sir and to many JN friends ( Satheesh madam, STBSTB, Gauresh, Stocks4sure, Shriram, Pattern trading, ITFPD, Gauresh ) who contributed immensely to my trading journey for past 2 years.

Chetna Jethi said...

inv HNS in RCOM?? which time frame?

sometimesbullsometimesbear said...

@Dear Raghavendra.....Ilangoji would rightly say....

It is U and U alone and the Credit goes completely to U alone.....:):)

Hum tho kuch bhi nahi hai...Humaari kya aaukat hai....:):)

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