Thursday, May 22, 2014

Nifty Intraday Update-II


53 comments:

shriram said...

@ Sonu:

OTM CEs unfazed in face of rise , y arent buyers selling if in gains ?

Also, -WW formed on intra candles.. 1-4 tgt is 7280 NS, enuf to erode 74CE prems for simple play (if Nifty obliges the pattern & cool-off happens) i.e ..

Chetna Jethi said...

reposting...

@prabhanshu,, give me your long term count on rcom charts day and weekly

STOCK4SURE said...

bearish WW may develop

may make a HH abv 7213ns

trgts 7265 near 2.00pm

Ilango said...

@ herry ,

Holding 141.50, it could move upto 144-45. Strength returns above 146.

Below 141.50 or if it gets resisted @ 144-45, it could correct upto 138-39 or lower..

Sujatha said...

ga sir nd friends

Nilesh ji - Still birthday celebrations going on...not back to class?? Many Many Happy Returns of the Day

Stock - pls.. correct the "figures" bit confusing

San said...

NIFTY chart analysis: CLICK Here

Sonu said...

Thanks Shriram Sir. That makes sense.

Also noticed that currently 7400CE and 7500CE have the highest OI in the table:
http://www.niftytrader.in/nifty/live-nifty-open-interest/

herry said...

thank you sir..for halping...

Ilango said...

Intraday weak below "7298-7302".

shailesh said...

sir what about tata motor

Prabhanshu Raman said...

Chetna, not analysed week chart recently but on day count basis and ew, big 3rd of 5th comes near 300 considering 3rd should be 1.618 times of 1.
1 46 164
2 164 106.75
3 106.75 xxxx

Prithvi Raulji said...

@Master,

Is there any indication call as wave 3-i??

Prabhanshu Raman said...

For running wave of rcom, I see 5th start is pending or already started from 136 (yday low). 5th may end near 155 which is same as yours. But I m not sure of entry and its sl, so but hesitant.

Chetna Jethi said...

CNH in Rcom,,, probably broken out..weekly charts are confusing me with tooo hgher targets.. dont feel like believeing

Chetna Jethi said...

7320-25 zone may trigger short covering in nifty with targets of 7358 and there after highs

Prabhanshu Raman said...

Chetna look at bhartiartl as well. It's 1st wave might have started from 305.25 and ended at 349.85 and currently 2nd is going on. 332.90/327.55/322.30 are 38/59/61% retraces. I observed rising wedge near 347 and it's target comes near 329.
This could also be one of the stock to invest. What say?

Chetna Jethi said...

@Prabhanshu,, the price behaviour looks like a 3rd??

Prabhanshu Raman said...

Wats the value of cnh break out point?

Prakash said...

Shriram ji

any reason behind the rise in Mcdowell almost 200 points up in 2 days.

Chetna Jethi said...

@Prabhanshu,,, agreed..keeping a stop of 320 on closing basis...it is a buy for sure

Guru Krishnan said...

Good Afternoon Master and friends have a great day ahead!! ... Nilesh Ji, happy birthday to you, have great year ahead!!! ...

Julius Ji -- Namaskaram!!

shriram said...

@ Prakash : Long Term CT Breakout possible > 2825 spot , tgts : 3000 / 3400 / 4000 ...

Time for sappad, Bon Appetit !

shailesh said...

shriram jee please your call is about which script

Prabhanshu Raman said...

Here it goes for rcom:
1 136 141.65 5 waves
2 141.65 xxxx if a=c, then xxx 137.65
If c= 1.618 a = 136
Then 3rd may start for 148+

Sonu said...

@Ilango Sir,

Weakness confirmed?

Chetna Jethi said...

@Prabhanshu--135.3- 137.4 zone..i am taking it as a zone rather than a level....that gives me a little room for my stoploss order...you can see in daily charts...the emas in 5 , 13, 34 and 55 zone are aligning them selves for the bull case scenario probably..i dont know i am getting too close... will wait ...
patiently

Sonu said...

@shailesh,

As Shriram Sir is off for lunch, I am responding to your doubt.

Shriram Sir responded to Mr Prakash's query --> about McDowell

Prabhanshu Raman said...

Price behaviour of airtel or rcom?
Btw 3rd of c of 2 done at 138.. one more low pending for rcom

Ilango said...

@ Sonu,

If you see the retrace table, it has held the last rise retrace.

shailesh said...

prabhu jee can we by rcom arrount 137 fot tgt 148+

Sonu said...

Thanks Master.
Will wait for weakness confirmation below 7291.

Ilango said...

@ Sonu,

It could get weak by staying below 6316 & breaking 6303. - very aggressive strategy for intraday..

Above 6316, strength " continues"..

sometimesbullsometimesbear said...

@Ilangoji...me thinks probably u might have to think on the lines of a mega merger deal.......between

JN and SW....:):)

Synergy, all products under one roof, time management, and customer satisfaction....:):)

Chetna Jethi said...

@prabhanshu,, i am talking of price beahviour from 105-142 in rcom

Prabhanshu Raman said...

Shailesh...keep sl at 135.90..my assumption as start of wave 1 from 136

sometimesbullsometimesbear said...

Read SW as Stock Wealth.....

Of course listing is a distant possibility too...:):)

SKS said...

@SBSB

any possibility of pref allot @ PAR

ITradeForProfit Daily said...

@Master,

You mean 7316 and 7303, isn't it?

Ilango said...

@ ITradeForProfit Daily,

Yes... Keep slipping on "7"..

sometimesbullsometimesbear said...

@SKS I got ur nice wishes email on 16th....was too busy....:):) Belated thks...:):) Hope u made it big on that day...:):)

Guru Krishnan said...

@Master -- I too agree with STBSTB .. :)

Ilango said...

@ sometimesbullsometimesbear,

One of the best time for deliveries based trader/ investors. Instead of paying attention to the ST moves, one should look at Day/ week charts and park their funds in good quality stocks.

The 5 stocks we suggested sometime back as a model portfolio is doing quite well. SO did many of our readers' suggestions.

Unfortunately, "Time" is the constraint for me.

anmpatel said...

@Master
EOD which price lead indicator turn up in daily chart?
i am off PC so giving some pain to you. sorry for that.

on lighter side:
keep practising to press '7" now asap other wise when u became use to it nifty will enter in "8' or you can directly press"8".
ha...ha...ha..ha...(laughing budhdhas...)

sometimesbullsometimesbear said...

@Ilangoji....:):)....Yes u had suggested delivery and some stocks during ur Nifty 10000 blog post a few weeks back (Those who might have missed it can do a search for Nifty 10000)....Completely agree with u on the higher timeframe focus.....Perfect....

I understand the travails of analyzing the index and stocks and managing a blog and updating it regularly without fail..... It is very very time and energy consuming......Time alas....!!!

I just casually mentioned about merging SW and JS since there is a lot of focus on stocks on this page nowadays.....which is in fact good and very informative too......Some of our friends here are really doing some painstaking analysis....Wishing them all the best...:):)

SuchIsLife said...

Dear Ilango sir,

Can you please any more quality stocks to the previous list of 5; I invested 40% of my capital in them since 2months, in good profits already;

i think its just the begining and more to come.

Thank you for your guidance and teachings;

Sreeram

sometimesbullsometimesbear said...

@amp....hahahhhahahahaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaahahahhahahahahahah....Three potbellied laughing men in the market place....:):):)

Ilango said...

@ anmpatel,

Turning up, it will do with a close around 7300; but triggering will need more upsides..

Ilango said...

@ SuchIsLife,

I'll update soon.

shriram said...

--> back

Readyin for a "dubki" to 7280-60 NS ??

anmpatel said...

@master
one more:
is some kind of abc-b-abc going from 7319.55...last down leg of c going? in 5 min chart?

@SBTSBT
remembering them give some relaxation in such a corrective phase....when direction is not decided both in market and in life too...

Ilango said...

New Post Done.

anmpatel said...

@shreeram
no "dubki" please...it is already on low level of oxygen since 16th top....pl save 7291....and upmove....resume..

bb said...

Ilango - A suggestion - Do not know that if time will permit - you can guide on breakout stocks also. May be you can guide only and someone like Prabhanshu, Chetna can post such charts and you only provide your view.
Please feel free to reject the idea based on your convenience. Just a suggestion as small investors like me are getting benefited with such breakout calls.

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