Friday, May 23, 2014

Nifty Intraday Update-II


33 comments:

STOCK4SURE said...

WW update

below 15060 fall can be fast and swift towards 14960-940 range near 1.00pm

STOCK4SURE said...

sir,
nifty first leg of fall was from 7365 to 7323=42 points...if 7348 is high of retracement (near 60%)then may do 7348-42=7306
am i on right path?/

Ilango said...

@ STOCK4SURE,

It is possible.

Asha said...

Good afternoon Ilango Sir and all the Blog mates!

ITradeForProfit Daily said...

Nifty lingering in ND Sir's ATR Sell zone since morning.

Share & Be Sure said...

@ITradeForProfit Daily
You are reporting ATR zones very diligently. Will you please share your experience of following this strategy?

Rahul said...

Did anyone notice Axis bank June future is trading at Rs. 8 discount to May future and only Rs. 2 premium to cash? Any views?

prakashbkc said...

Master,

In strong bull market if iii wave sub divide does it breach i wave top?

chetas said...

@ rahul,

one reason could be , axis bank 20rs/- ex dividend on 12th june 2014

ITradeForProfit Daily said...

@Share & Be Sure

Read about ATR trading on http://www.niftyrange.in

Rahul said...

@ Chetas

hmmm...did not notice that.

A J said...

@Chetas
So if we buy stock and sell futures and hold till next expiry, how will the trade go?

prakashbkc said...

Master,

Trendline shown in chart from 7172 to red (a) top What it means , Is it wave iii top?

herry said...

dear ilango sir bhel stck viwe..?

prakashbkc said...

Master,
I missed the Lower TL Apology for my query

Share & Be Sure said...

@ITradeForProfit Daily
I have read that. ND had won the expiry contest and he shared this strategy then.
Just wanted to know your experience regarding win/ loss ratio, consecutive gains / losses etc. if you have studied / followed.
Thanks in advance

Prabhanshu Raman said...

Sir, ii done at 61.8%?

raman perumal said...

Sir is the fall from 7365 is of 3 waves targeted not 38% but 61.8%

ITradeForProfit Daily said...

@Share & Be Sure,

That is already published on my blog.

chetas said...

@ AJ

Normally on ex date , the scrip would fall by the amount of dividend and the future may not fall on the ex date. So the premium gets re instated.

never really did this as a strategy , my understanding is not much profit in this strategy

Share & Be Sure said...

@ITradeForProfit Daily
Ok. Will go through.
Thank you.

chetas said...

@ Aj

Continued :

Lets say buy Axis 250 qty At 1850 = 463000 out flow
and Short Axis June at 1851-52 levels

The trade would end like :

1) dividend inflow of 20
2) loss in cash stock to the extend price falls on ex date
3) As the premium may get reinstated after ex date, in june futures, the arbitrage oppurtunity will not be there

even if Axis goes up in these days, the gain in cash will be off set by loss in futures

Thanks for asking the question, it is more a answer to myself :)) I am sure you are aware of all this

Chetna Jethi said...

@Prabhanshu,,,, this is 3rd of 5th of 1st of BIG 3rd..148 or there abouts might arrest it in near future

herry said...

dear is nifty hold 61.8% can 3rd of iind is done...?
weekly trande is up...

bhel stock viwe...5th is done..?

Chetna Jethi said...

7299 is golden ratio of rise from 7260-7365 and 34 ema of 30 min time frame

Chetna Jethi said...

nifty got to 7300 and bounced..lets see if follow up comes

A J said...

@Chetas
I think we will get 20 rupees as profit under any circumstances. Only things is, we need a lot of money to take delivery and futures and wait full expiry. But that's how arbitrage works right? there is certainty of return. 100% probability scenario.

I didn't understand your 3rd point "As the premium may get reinstated after ex date, in june futures, the arbitrage opportunity will not be there"

Dividend gets declared, stock falls by same price, futures falls to stock price as expiry is reached.

sometimesbullsometimesbear said...

@Axis...not much arbitrage opportunity here....

There are real time arbitrage softwares available in the market...Brokerages are into it bigtime.....Capital intensive.....

chetas said...

@Aj,

Ah yes , so indeed there is guaranteed profit on expiry. and as you say lot of capital to stake.



Kiran said...

When you buy stock futures, you are betting on spot closing price of stock on expiry day. So, as of now, futures of june has already deducted 20 rs from spot price.

Raghavendra said...

@ Share & be Sure,

ATR results :

I occasionally trade ATR but do maintain a log ( live and paper trade ). From start of 2014 - total of 90 trades yielding 700+ points.

Ilango said...

New Post Done.

leon said...

Satheesh Madam: Is the following long term count on SAIL right:

sail: Weekly scale:
1. - 37.6 - 74.9 = 37.3
2. 74.9 - 54.05 = 20.85 (56%) - bullish because could not even reach 61.8%
3.i - 54.05-76.1 = 22.05
3.ii - 76.1-65.1 = 11 (50% of 3.i)
3.iii - 65.1-92.85=27.75 (125% of 3.i)
3.Iv - 92.85 -84.7=8.15 (30% or more to come). Invalidated above 91.2

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