Tuesday, May 13, 2014

Nifty Intraday Update-II


60 comments:

marina s rao said...

Day Low : 7067.15 Day High : 7172.35 Day Pivot : 6966 Hour Pivot : 7157

NS well above HKN ( Hepta Kilo Number ). Currently @ 7160.

Day Pivot's R1 cluster @ 7125-7145 turned 2 support.

NS nearing next halt @ 7225.

NS in BAH mode till above HHema @ 7107.

For learners sake :

BAH = Buy And Hold BOD = Buy On Dips

HKN = Hepta Kilo Number = 7000

Sonu said...

Not much addition in Options. Only 7000CE rolling back --> deviation from last 2 days
Likely very ST high will be made today... in line with Sir's analysis
http://www.niftytrader.in/nifty/nifty-live-change-in-oi/

STOCK4SURE said...

A small bearish WW may develop in BN 2 min charts

pt1.14296

2.14106

3.14368

4.14279

may form pt5 in 14440-470 range near 12.45-1.15pm

trgts 14250 near eod

since opening BN had taken support of 55ema in 2 min charts(not given a break below 55ema in 2 min charts)

cmp of 55ema is 14302

BN cmp is 14314

will it /may bounce agian from 14302?????

marina s rao said...

2 min RSI near / in Oversold Zone.

marina s rao said...

NS giving chance 2 all late comers.

Board if u want 2 earn 2 day.

prakashbkc said...

According to Tony sir this B wave rally(Bear rally) with upside max target in sensex 26400 if sensex crosses then count will change. This is for info only

marina s rao said...

2 Min. RSI in oversold zone.

Hurry latecomers Train started for destination @ 7225.

prakashbkc said...

In nifty this HrHema broken

TAnovice said...

Me thinks it will be destination 7025 now till Friday..

Hitendra said...

When we say short term high likely today, is it a ST high till 16th?

STOCK4SURE said...

7101 IS 55EMA IN 5 min charts

7115 was highs in first few min

may bounce from any of this?????

marina s rao said...

A good 50+ point fall from Day High.

Still not late.

Board board all my late comers.

cooldent said...

Sir, last retrace from 7068?

Ilango said...

Largest fall since the reversal started from 6638.60.

(i)st wave may have been done at 6172; (ii)nd wave is on...

If extremely bullish, an irregular flat( or a flat) is the possibility.

Ilango said...

@ cooldent,

Yes; 7067 for the aggressive bull.

anmpatel said...

@prakashbkc
he removed nifty page...!!!

marina s rao said...

Now 5 Min. RSI in Oversold Zone.

Gr8 chance for all latecomers.

Ilango said...

5 sub-waves in the current fall from 6172 to 7101 suggests of a zigzag ahead..in (ii)nd wave.

marina s rao said...

2 min RSI also in Oversold Zone.

Good 80 point fall from Day High.

Ilango said...

Exceeded the hour correction; into day correction..

6133 6142 ... is 50%-61.8% retrace of the last fall from …… 6172 to 6094

80% is - 6156

If weakness is to return, it should be around 6133 6142

Strength gets confirmed above 6142 OR 6156

anmpatel said...

@master
in 5min chart fall look like 5 wave? can we except zigzag?
thanks.

anmpatel said...

ups....u already stated....u r BULB and me TUBELITE....ha..ha..ha...

ITradeForProfit Daily said...

@Master,

Please correct values in your last message from 6k to 7k.

thanks

SKS said...
This comment has been removed by the author.
TAnovice said...

Sir, what could be the range for day correction??

prakashbkc said...

Anmpatel sir,

Plz go through Tony sir comment as
How do u view BSE sensex rally in its C wave?
How do u view Nifty will rally in its wave & why nifty chart removed from ur stockchart?

The Sensex offers more precise chart patterns than the Nifty.
The BSE is also still displaying overlapping waves since 2011.
This is indicative of a B wave rally, and not a true bull market.

Ilango said...

7125 7136 ... is 50%-61.8% retrace of the last fall from …… 7172 to 7078.15

80% is - 7153

If weakness is to return, it should be around 7125 7136

Strength gets confirmed above 7136 OR 7153

Ilango said...

@ TAnovice,

Day corrects approx. 105 to 135.

anmpatel said...

@prkashbkc
i could not found the 26400 mark only 23400 i found...

prakashbkc said...

Anmpatel sir,

"Above what level this rally consider bull rally not bear rally.
Can Maj C= Maj A, if this possible then we have sensex rally upto 28700 Is it true ?"

possible, but unlikely
usually a B wave does not rise more than maximum 138.2% Primary A … i.e. 26,400

prakashbkc said...

Anmpatel sir,

these r comment on sensex by Tony sir in his weekend post ...I have pasted what he had written No change word by my side

GANESH said...

@ Sir , Many places you had mentioned 61xx ... Should I read it as 71XX ?

marina s rao said...

Weak Bulls scared away ?

Ilango said...

@ GANESH,

That was an error.

We must start to get used to "7" now.

anmpatel said...

@prakashbkc
ok..i see...thanks for guidance.
and pl dont call me "sir"
there is only one sir here...Master Ilango...

deepak pinto said...

Is an island being formed?

deepak pinto said...

Looks like a faster retrace of last 5 upto wave 2.
Sub 7080 must eventually come

GANESH said...

@ Sir , Thx :-)

Raman Kapoor said...

@Deepak Sir,

Do you expect sub-7080 levels today itself or later in the week.

Thanks

TAnovice said...

Sir, if time permits, my I request you to take a look at charts of Aurobindo Pharma?? Stock seems to have caught everyone's attention since Rakesh J mentioned about it in his interview a few days back??

marina s rao said...

Blessed r the Traders who boarded the Nifty Express @ 7090.

A good 35 points in pocket.

Ashutosh Agarwal said...

Can anybody look into BHEL, how does the stake sale news which was done in march @165 makes it to go 13% up.

http://www.moneycontrol.com/news/buzzingstocks/bhel-at-15-month-high16stake-sale-buzz_1084642.html

marina s rao said...

Day Low : 7067.15 Day High : 7172.35 Day Pivot : 6966 Hour Pivot : 7111

NS well above HKN ( Hepta Kilo Number ). Currently @ 7123.

Day Pivot's R1 cluster @ 7125-7145 turned 2 support resisting NS after Mid Day fall.

NS far off from next halt @ 7225 temporarily.

NS will b back in BAH mode once above HHema @ 7127.

For learners sake :

BAH = Buy And Hold BOD = Buy On Dips

HKN = Hepta Kilo Number = 7000

anmpatel said...

@master
in zigzag b retrace to 80% most of the time, m i right? and in irregular flat no such limitation?
thanks.

sometimesbullsometimesbear said...

Will they declare Emergency...and annul the election results...:):):)

Hahahahahahahhahahahhhhhhhhhhhhhhhhahahahahhahah

Hahahahhahahahahahahahahahhhhahhahaha

Dont forget the three potbellied gentlemen from weekend post....:):):)

I amaaaajust joooooooooooooooking.....:):):)

SKS said...

@ SBSB

Chidu is probably saying that the mkt is up not because of modi but for UPA III

ITradeForProfit Daily said...

@SBTB,

Yet another joke.

RaGa is praying for rains on the 16th of May. He is hoping to win by Duckworth Lewis method.

marina s rao said...

Only Indira Gandhi had the guts 2 declare Emergency.

No1 else can declare the Emergency including all future PMs.

Ha Hha ha ha ha ha ha ha ha ha ha ha ha ha ha ........

chetas said...

@ITFPD

hahahahahahahahah

Ilango said...

@ TAnovice ,

RJ has talked about it in Aug.2013, it would have been useful.

Now it is at a critical juncture:

Either this 3rd wave from 138.35 extends...

OR

the larger 4th wave commences.

shriram said...

-->back

7180 NS has provided RES as suspected ....

Pays to do fav. activity.. OTM CE writing :-DDDddd

TAnovice said...

I was looking at shorting it and hence wanted your confirmation.. Thank you Sir

Ilango said...

@ anmpatel ,

It should not retrace 80%, approx. It could be 38% or 50% or 61.8% depending on the strength & weakness in the market. Corrective phase reveals a lot more.

sometimesbullsometimesbear said...

@SKS....Hahahahahahaaaaaaaaaaaaaaaaaaaaaaaaahahah

hahahhaahahahahahahahahahahahahahahahahahahahahah

STOCK4SURE said...

Sir

any probability of contracting triangle developing now as per EW analysis

may do 7155-7090(tomorrow)and then may breakout from pattern near 7130 for 7235

sometimesbullsometimesbear said...

@MSR...U never know...Do not underestimate Italians........:):)

@ITFPD...Raga should seriously think of getting married now...:):)

anmpatel said...

@master
thanks. just worried about the developing day candle...

Ilango said...

New Post Done.

SKS said...

@ SBSB

Thats not possible. Baba R......dev is not free to take coaching classes for Raga for u know what

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