Thursday, May 29, 2014

Nifty Intraday Update-I


44 comments:

Rajaram'z said...
This comment has been removed by the author.
Rajaram'z said...

Master/Sr's

There is a fast fall setup occurring in 21HR and 34 HR SMA's converging at 7344 - does it look good.

Ilango said...

@ Rajaram'z ,

For a fast fall, both averages should be trending down with 21 below 34. 21hrsma, then, must move up towards 34hrsma but turn down before reaching 34 hrsma and that set up is called "fast fall". That is not the case presently, though averages are trending down.

Pattern Trading said...

Good afternoon master and all blog mates :)

Raman Kapoor said...

@Shriramji

Your thoughts on today's OI additions and expiry range please?

Thanks

anand said...

Hello everyone..
Just expereinced somethgin for the first time in life...should share.

You see the freak high in June NF at 7377....! I was hit in that with Stop-Loss Market order..
am told that there was shapr volume increase at 9:24 in June NF and my SL of 15-20 pts was executed at 50 pts above...!

This is the risk with SL-Market orders.
With SL- Limit orders, the prices jump the limit price and then also I have seen losses in the past (so not the frist time with SL Orders!)

Well- any advices..or this is part of life as a trader?

Pattern Trading said...

@All is it possible to automatically update particular column of excel with EOD closing price

SKS said...

7241 jun low recd now

SKS said...

with vol of 3.7 lac

rj said...

GM sir , does bear flag pattern got active yesterday you told below 7297 ...

Ilango said...

@ anand,

If you have conviction, there would still be opportunity to get back in, provided the event was of a freakish one.(as in your case today)

NI3 said...

Dear sir following comment is still valid or it was for just the day
Thanks a lot
Ilango said...
@ pradeep sangatramani ,

While we look for a bear flag, a bullish "Leading diagonal" too takes similar form; hence, we must keep track of critical highs & lows for directional moves.

On the upside above 6357
On the downside below 6297, presently.
May 28, 2014 at 11:26 AM

anand said...

now with 7241 low -> so another freak trade on lower side...seems today is the day... expiry palying : 7241 NF and 7377 NF range..?

Haaa...Thanksto Master - these events also do not give that pain....: -) All in a day's game..!!

Kiran said...

June NF... Freak high... and now freak low.

SKS said...

june low is not freak look @ the volume

anand said...

Yes Master... I am back...! Thanks to you..! (In the ring with JNSAR hitting)
Also some readings in recent time helps me..includign your weekend bonueses..

I could have been hit at 7241 low (80-100 pts !!) ....someone must have taken that hit on longs ...Well- part of life...!! Am glad I have a story to tell how freak trades hit "real" traders..!

And learnt it in real time.....!! Another addition to memory lane... Cheers !!!

Piyush Sharda said...

@anand,
when u put limit sl order how much difference u keep b/w sl and price?

Rasendra Zala said...

Respected Sir, for short which JNSAR consider 7271, dev.JNSAR 7291 or tomorrow's JNSAR 7306 ?

rj said...

Master you said that if this correction continues dlema - 20 to 30 points than its ok ...this view still valid...thanks

cooldent said...

Rasendra

Todays jnsar is 7291

shriram said...

73 CE writers taking command @ 73 strike ...

Chetna Jethi said...

two days low 7275,, more weakness below it

Rasendra Zala said...

Cooldent Sir, Thanks.

Manish said...

Day's Support 2 7284 hit

NI3 said...

Dear Frind plz some one tell me vix index importance
as in pre market
VIX range for the day is 7262 - 7397
so 7262 will act as a support it means???

sometimesbullsometimesbear said...

@Anand .....saved by a whisker's breadth...:):)

Either these could be algo bots or biggies rolling over huge quantities at least that is what the 10.37 low trade shows.......we dont know....

Another interesting thing to note for JNSAR traders on this blog is the 10.37 freak low in June futures is somewhere very close to the time that JNSAR got hit.....

And also that u made a cool 500 plus points profit for the May settlement...:):)

rj said...

NS double bottom made @ 7281 & 7285 , todays support 2 comes at 7285 , two days lows at 7275 if anyone applied (i did) jnsar -20 points comes at 7270 so take all this in mind & i think reversing jnsar in shorts only with 20 points filter will be good...thanks

Anandha said...

It looks Nifty is getting ready for W reversal. Check Intra 2 minutes. Can we expect pull back till 7312 once again ?

shriram said...

June series also... 74/75 CE writers appear to be consolidating a Short Term CEILING above

Ilango said...

@ NI3,

Yesterday itself, I updated the intraday weak below levels.

In Pre-Mkt, suggested "weak below 7314", even for conservative traders.

Further updated about retrace coming at 7320-25 for a sell, the best strategy.

This is the most simple way to deal with a corrective market.

NI3 said...

@ Sir Thanks a lot
I under stood your point very well

anand said...

@Piyush Sharda ji;
This is another art we have to master...(Waiting for inputs from Master!)

SL- market with 20 pts => Order goes when 20 pts hit at market price
SL- Limit : I usually keep trigger and limit price same thoguh 1-3 pts shud be the diffference..with limit price at 20 pts ?

And then change in premium compounds the problem where spot is not hit its SL and NF hits...
All in all - its experimental and probability - as is the entire game.

These are dificult choices...
BUT NOT PUTTING STOP IS CERTAINLY THE WORST CHOICE.... and moving the stops is next worse...!
So I am not sure what to say on this part yet...maybe after some years..

Prabhanshu Raman said...

Dlema at 7280 providing support? Also jnsar in between dhema and dlema... so b careful of whips...

Ilango said...

7303 7308 ... is 50%-61.8% retrace of the last fall from …… 7325 to 7279.95

80% is - 7316

If weakness is to return, it should be around 7303 7308

Strength gets confirmed above 7308 OR 7316

Prabhanshu Raman said...

+ww in rcom 5 and 15 mins. Will trigger if 2 5 mins close above 144 tgting 148. Sl also same after trigger.. close below 144 for 2 5mins else keep at 143.
Ihns will also form uf goes above 148.25 in 15 mins chart

hello said...

sir june fut low 7241

Piyush Sharda said...

@anandji
u already know the answer
--------------------------------------------------------
I usually keep trigger and limit price same thoguh 1-3 pts shud be the diffference..with limit price at 20 pts ?

this should solve in 99%+- cases but in 1 % sl order will still get jumped over.

anand said...

Observation:
Seem the suspected HnS on 30 minutes in NS by Shriram sometime back formed its (weak / drooping) shoulder yesterday ? and NL at 7257-90 is precariously holding the neck?
Lets see..

anand said...

Thanks Piyushji for the confirmation....

We all know answers.to our problems :-) trouble is implementing them !
Let me try this...now onwards?

But freaks will happen (Remember Nov 2012 ? (or was it 2013) When NS dipped 1000 pts but NF was cool)...so no choice here..!! Part of this river....some mountains do come to scale in the flow ;-)

shriram said...

For EW Folk :-

W 7564 7132 -432
X 7132 7504 372 -86.1%
Y.a 7504 7269 -235
Y.b 7269 7344 75 -31.9%
Y.c 7344 7109 -235 100.0% ** in play ??

Y.c(min) = 0.618xY.a = 7199 NS

A +WW also will form pt 5 on the Hrly chart @ ruffly 7180-70 NS ... lets c

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