Monday, May 19, 2014

Nifty Intraday Update-II


30 comments:

Ilango said...

@ raghava,

Infy is quite oversold; if it can hold 2975-3000 zone, a bounce is likely.

How the prices close today & tomorrow would hold some signals for you.

Prabhanshu Raman said...

Reposting:
Chetna, fall from 485 till 428 is in 3 waves. The last fall is from 475.40 seems to be in 5 waves, so retrace need to be calculated from 475.40. If it's 80% breached by price then we need to find retrace from 485.
Also, there is hammer and - ww in 5 mins chart. -ww triggered below 455.25 aprx

Chetna Jethi said...

@Prabhanshu,, if the whole fall was a fragment of ABC ocrrective in Tisco,,it can do anything..lets watch

Ramesh said...

ITC looks good here support @ 340

raghava said...

Thank you Master for Reply.

Chetna Jethi said...

@NI3,, Now your retracements should come handy in tisco..it approaching the levels

NI3 said...

@ Chetna,,, ok

Chetna Jethi said...

450 seems to be the right stoploss now

Chetna Jethi said...

nifty near golden ratio and dhema

krsnatrade r said...

sir,
when i click on Stocks TA on your Stock Wealth blog I am not able to download that file. how to do it sir?

bb said...

Thanks Chetna for your views on SAIL

Ilango said...

@ krsnatrade r ,

Send me a test mail to become a "JustNifty" group member to view the files. I haven't updated the stock files this week but "Nifty" and BankNifty files are updated..

prakashbkc said...

Master,
Nifty taking too much time to cross 7352 so one can assume this as corrective rise & so one should play Sell on rise theory?

anmpatel said...

@master
5min chart, 5done from day's low?
or considering the 3rd in hrly chart it can subdivide?
thanks.

Ilango said...

@ prakashbkc,

Because it has taken so much time, the 5 wave down label gets negated and the 3 wave/ abc gets confirmed.

Now, the question is whether this abc is the sub-wave of "A" and the current rise is "B"..?

If so, being a flat, it can retrace any %...

Hence, we only know the ST direction presently and not out of woods comfortably.

shriram said...

Nifty spot has bounced off the Upper TL of the MT wave channel from 5119-6415-5933 up..

Time for Lunch, Bon Appetit !



herry said...

dear ilango sir infy weekly 5th wave is done...?

Ilango said...

7245 7236 ... is 38%-50% retrace of the last rise from …… 7194 to 7277

80% is - 7211

If strength to return again, it should be around 7245 7236

Weakness gets confirmed Below 7236 OR 7211

prakashbkc said...

thanx Master for reply

It means if current rise is B then it can go max 75% of A= 7438

Ilango said...

@ prakashbkc,

"B" wave can even go 138.2%...

Only way to manage is to find "weak below and strong above" levels to capture some points in this treacherous wave. Most traders loose in this wave.

Ilango said...

@ anmpatel,

You're a bit early. 5 done from 7194 to 7277.

krsnatrade r said...

sir,
My rqust for JN Grroup Member is already accepted by you

bb said...

Prabhanshu, So in TISCO we can go long with 450 as SL for a target of 485 right?

Ilango said...

@ anmpatel,

It seems, I'm also a bit early to count a "5" from the lows..

This time the vth is unfolding from 7256.75 or 7257.55...

Ilango said...

7254 7243 ... is 38%-50% retrace of the last rise from …… 7194 to 7291

80% is - 7213

If strength to return again, it should be around 7254 7243

Weakness gets confirmed Below 7243 OR 7213

shriram said...

--> back

Bell curve maths , suggests 1 Std.Dev RES zone for NS comes @ 7310-7350 , with mean @ 7330

anmpatel said...

@master
thanks...

Chetna Jethi said...

@NI3..hopefully i cautioned you at right levels in tisco and u acted..you can re eneter here with small 2 point stoploss intra

Ilango said...

Strength only above 7280-85.

Ilango said...

New Post Done.

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