Thursday, May 29, 2014

Nifty Intraday Update-II


31 comments:

SuchIsLife said...

Dear Ilango Sir,

In continuation to your earlier Delivery Stock Pick suggestions,
Can you please suggest the next lot to pick when the markets are down/ correcting.

Thank you again for the guidance

Sreeram

Ilango said...

@ SuchIsLife,

Rebuy those quality stocks that have given good returns. Add to the existing portfolio.

As stated earlier, Tata Stocks, Infrastructure stocks and RIL in dips.

Okay said...

Master,
Any specific good stocks for Infrastructure and among TATA stocks?

Rajesh Rekhani said...

@Pattern Trading, In google docs prices of stocks are updated every minute. You have to give Google code for the stock. See a sample page.
https://docs.google.com/spreadsheets/d/1DLFSfFlZOedShf2YeyEd0fImv-Rv0w45tRx_g9JYQ6k/edit?usp=sharing

durga said...

good morning master n blog mates
@anand--why do yu think they are freak? they are real trades executed that resulted in real loss.
only thing that is they are too fast-so tht yu think its freak. nothing here is un controlled.every thing is under HAWK EYES.algorithamic programmes hunt stop losses. its everybody exp as trader --tht after sl is hit markets move in opposite direction.
however i have an idea as far as stocks are concerned.for ex''=yu want to buy HINDALCO now 500at144(trading at 144.90).. buy 100 at market keep sl 144 and put yur original buy order say 500 at 143.90.yu will b surprised tht yur stop is hit and as a reward yu will get 500 below current price levl. yu can check it,ths happens only during non trending phases--sideways quite days..bye

SuchIsLife said...

Ilango sir,

Thank you will keep adding on dips as suggested.

Regards,
Sreeram

Pattern Trading said...

@Rajesh SIr.. Thanks let me try it ..
Is it possible to have it in MSEXCEL

bb said...

Ilango - kindly share the link of the quality stock which you had shared earlier. Thank you in advance

durga said...

addendum--in my example yu can ask me why nt keep order at 143.90?(500)
yu can-- but yu dont know whethr yur order is filled.yur stop los order attracts the programme n certainly overshhots by 10--5- paisa.yu can do ths wth all stocks

Guru Krishnan said...

@Durga -- That was a good Example and Info... Thank you !! :)

STOCK4SURE said...

i guess today BN may give more volatile expiry move than nifty
nifty may be manged thry IT stocks,,,,,,,,
possibility of a contracting triangle developing in BN 2 min charts
may dip towards 15150 to form busted pt5
if that happens then 15270 is BN trgt near 2.30-2.45pm

SuchIsLife said...

Hi bb,

Please go through this link where Ilango sir shared the Gems on March 17th 2014;

http://tradeinniftyonly.blogspot.com/2014/03/why-should-investing-be-any-different.html

Happy Investing.

Regards
Sreeram

bb said...

SuchisLife,
Thank You for the link.

Rajesh Rekhani said...

@Pattern
I am just a starter. Don't call me sir.
I could not do it in excel.

STOCK4SURE said...

15144 is 55ema in 30min charts

cmp 15145

may have formed pt5

fingers crossed for 15270-330

sometimesbullsometimesbear said...

@ Dr. Durga....Algo bots hunting stop losses.....I had a sl at 7383 and it was not hunted....

So why would it hunt for only Anands SL???

Pls do not mistake me query... I hv great respect for ur acumen and knowledge of the market as well as a good person........but just curious on why algo bots would hunt for stoplosses.....If anybody else also can throw light on this phenomenon it would be interesting...

On the other hand, there are back-end database administrators in any stock exchange who have real time access to data on stop loss breadth, complete order book, positions and names on either side...etc etc.....It just takes a simple SQL query....:):) ..And every human being has a price.....:):)

Pattern Trading said...

@Rajesh :)

Kind regards,
Sumit

GANESH said...

Thanks Rajesh Ji !!!

Ilango said...

vth from 6338 is unfolding.

Be prepared for retrace bounce.

Trail shorts with last fall from "7299 to 72xx"

Guru Krishnan said...

@STB -- just read an article http://bclund.com/2011/09/28/3-ways-the-exchanges-screw-with-your-stop-orders/.. :D

Raghavendra said...

Dear All,

Observations on Nifty :

Prices closed below DHEMA on 26th and since then attempted DLEMA on intraday basis but could not even close below DEMA even once.

Watch for weekly trend assertion here --> http://tradeinniftyonly.blogspot.in/search/label/trend%20assertion

When higher time frame( Week and Month ) is in BUY - lower time frame ( hr and Day ) reaches oversold zone ( hrly RSI & Day Stoch ) - higher time frame asserts the trend.

From the blog archives :
Tuesday, March 4, 2014
Nifty Pre-Market View.
Prices have closed below "ALL HEmas". It is a "trading mode" during which prices are likely to be oscillating in an effort to break the supports and gets sold at resistances.
Prices would oscillate between HEmas to HEma+20 and LEma to LEma-20. You can fine tune them with other key numbers or price clusters.
Whenever the hour trend gets oversold, weekly uptrend could assert during the week, provided prices sustain above 6160.
Hence, resistances would be 6253-65 and
and supports would be 6161-78.
EW: The fall was a clear 3 waves; hence, if prices retrace beyond 6265, the 80% of 3rd wave, it could mean two things:
A flat correction is unfolding with ranges between 6200-6300. OR
The channel break confirms "iv"th and the "v"th would unfold, moving past 6265 & 6283, holding 6212.

Sonu said...

@Ilango Sir,

JNSAR at 7291. Nifty has held the low of Monday so far. Keeping Monday low as SL for Long entry could be a good risk reward trade. What is your opinion?

Ilango said...

@ Sonu,

I have suggested to keep track of last fall retrace from 7299.

Being the settlement day, "anything is possible".

Based on previous day's technicals, we could plan the trading strategy for the first session.

This second session is all pure "guess work".

Guess no:1: If prices hold around 7258-63, it could start a "bounce". This depends on "7300 CE/PE writings".

Pattern Trading said...

Orientbank .... weekly close above 366 will be great for counter

Chetna Jethi said...

looking for a low below 7269

sometimesbullsometimesbear said...

@GK thx for the article...let me break my limited intelligence on that one and try to understand it...:):)

In fact I have come across discussions in this topic earlier too....but just curious if it really does happen....:):) Of course Anything is possible...Nothing is impossible...:):)

shriram said...

--> back

73CE OI intra adds seems over-powering @ 30.9Lacs.. may see 73PE unwinding soon ?

Pattern Trading said...

Tv18broadcast has given breakout for target of 55

Sonu said...

Thanks Sir. This month's OI is completely favoring bears for now with ultra-huge addition in 7300CE
http://www.niftytrader.in/nifty/nifty-live-change-in-oi/

shriram said...

Any views on this tukka trade plan ?

Place Buy for 7300PE May @ 5rs... CMP is 15, can hope for order fill & then hope for post 2:30 cracks ? .. or is it a bad R:R ??

Ilango said...

New Post Done.

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