Tuesday, May 20, 2014

Nifty Intraday Update-II


33 comments:

shriram said...

shriram said...
7132-7320 seems a ABC "b" to simple eyes , seeing it as 5 is difficult for me... as of NOW..

Lets wait for master's new labels by IIIrd update
May 20, 2014 at 12:08 PM

marina s rao said...

Day Low : 7247.70 Day High : 7319.30 Range : 71 Points Day Pivot : 7249 Hour Pivot : 7267

NS well above HKN ( Hepta Kilo Number ). Currently hovering around @ 7270.

Day Pivot's Resistance1 cluster @ 7305-23 stopping NS's further rise.

NS continuing since last Hour in SOR mode.

Staying above Hr. JNSAR @ 7266, Hr. Pivot @ 7267& Hr. Ema @ 7269 is indicating strength for the Hour.

Above Hr Hema @ 7293 NS changes mode into BAH.

SOR = Sell On Rise

BAH = Buy And Hold

Hepta Kilo Number = 7000

Saurabh said...

No one tracking Mcdowell ? :(

Jeetendra Mistry said...

For McDowell: Till yesterday Close
HEMA LEMA CEMA
M 2781 2464 2617 BD BPL
W 2757 2652 2690 X SS
D 2703 2632 2654 X SS

Chetna Jethi said...

Tisco if is in a B wave have touch 80% of A from 485-428..

anand said...

Sir
A stupid query :
- the 21 HR SMA you post is different from the 21 HR Closing Average (with recent update) in TA File.
- Certainly the one you post work as better / clear support. Since both use same closing numbers, Its logical to get same results (insanity :-)....or the SMA you post is with some look ahead period ?
- I would just select the recent 21 closings and see the average in excel's bottom bar....however this excludes any trend/ forward period lookup.

STOCK4SURE said...

@saurabh

mcdowell may trade in some tight range for next few days

may trgt abv 3060 probably in july

2680-2710 is immed resistance and 2592 is support

bb said...

Chetna - How about Tata Communications?

shriram said...

7400 CE OI has increased the highest intra.. level seems sealed for next few days

Sonu said...

Significant CE writing after many days. Expect range bound moves till expiry
http://www.niftytrader.in/nifty/nifty-live-change-in-oi/

Ilango said...

@ anand,

The 21 Hr sma being posted/ updated every hour is for the next hour "approx"..and it is reasonably a good critical number for "intraday trading"..(aggressive trader).

34 Hr sma works well for a conservative trader...or as a reliable follow up signal for the aggressive trade.

Ilango said...

An EOD close above "7264" would make the "RSI" 100; hence, the obsession to stay above 6264 today - observe the intraday chart..

Sonu said...

@Shriram Sir,
BHEL up 6% after high volume were traded in early morning session.
http://www.niftytrader.in/nse-stocks-volume/

marina s rao said...

An EOD close above "7264" would make the "RSI" 100; hence, the obsession to stay above 7264 today - observe the intraday chart..

Ilango said...

@ marina s rao,

Must "MODI"fy how we read numbers......

: )

marina s rao said...

Day Low : 7247.70 Day High : 7319.30 Range : 71 Points Day Pivot : 7249 Hour Pivot : 7271

NS well above HKN ( Hepta Kilo Number ). Currently hovering around @ 7270.

Day Pivot's Resistance1 cluster @ 7305-23 stopping NS's further rise.

NS continuing since last 3 Hours in SOR mode.

Staying above Hr. JNSAR @ 7269, Hr. Pivot & Hr. Ema @ 7271 is indicating strength for the Hour.

Above Hr Hema @ 7288 NS changes mode into BAH.

SOR = Sell On Rise

BAH = Buy And Hold

Hepta Kilo Number = 7000

vishnu said...

Respected Sir,
Namaskar
No able to understand your last comment please do explain and oblige. As in 9 Day RSI in TA the blue line is in ground level . Pls explain.

marina s rao said...

Master,

:)

Not only entire India has 2 get "MODI"fy for better.

marina s rao said...

Typo : Not only trading numbers, entire India has 2 get "MODI"fy for better.

Bharat Kumar said...

@ Ilango Sir - Considering the recent history, a reading of 100 again would be bullish isnt it?

Ilango said...

@ vishnu,

9 day rsi is based on the gains/ losses made in the last 9 days EOD.

A close above 7264 would make it "gains for 9 consecutive days", thus making 9 day RSI to be 100.

What it implies: there is sustained buying pressure and any corrections would not last long because of the "inherent demand" as evidenced by this sustained buying.

vishnu said...

Thanks a Lot Dear Master for your timely explanation. Thanks .

herry said...

dear sir below 7264-7254 weekness....?

Raghavendra said...

Dear Ilango sir,

NSE website shows the high as 7353.65. DHEMA would then modify to 7286.

http://nseindia.com/live_market/dynaContent/live_watch/live_index_watch.htm

DR.SGM said...

Dear sir,pls give ur view reg about the possibility of a leading diagonal from friday's low and subsequent ABC correction from today"s high,thank you.

leon said...

Shriram: 3 White Soldiers in TATA Comm today? If so, what is the significance of that pattern?

Ilango said...

@ Raghavendra,

NF high is 7347.60 and the google spot chart shows "a traded price of "7319.80" at 10.08AM.

Ilango said...

@ DR.SGM,

If 7210 approx is held, such a view is possible.

shriram said...

--> back

Muhammad Ali time for trading style improvement... market is ur opponent

Float like a Butterfly & Sting like a Bee, ur hands cant catch, wot ur eyes cant see :-)

shriram said...

@ Leon : Am not tracking so closely. Pls address Telecom Minister.

leon said...

Sorry - It cannot be 3 white soldiers as the closing was never near the highs

Ilango said...

New Post Done.

Post a Comment