Thursday, May 8, 2014

Nifty Intraday Update-II


40 comments:

Guru Krishnan said...

BALA --- I would def recommend Avira Anti Virus.. its free for home use.. its very good for me

Ilango said...

@ anand,

You simply check the hour chart to see where the prices took supports in the recent times and you'll find the answers to resistances.

One cycle lesser sub-waves details too provide clues; add to it the developing TT numbers.

1st session, thus, is figured out; what happens next is a lot of guess work..

anand said...

Now from 6688 another 5 wave down [ the 3rd from 6743/21 ?] with 3 done near 6655 and 4th possible till 6665 and then 5th down?

Ilango said...

Once again, Global cues
help us in initiating a trade in line with our market's technicals.

Sujatha said...

http://www.avira.com/en/download/product/avira-free-antivirus

AP - friends - Is it OK @ Vizag/secunderabad/hyderabad?? no problem for travelling?? tks n advance.

STOCK4SURE said...

13015 is 55ema in 5 min charts in BN

may do some small bounce from here

rock said...

Respected seniors cooldent , stbstb , ganesh I'm sorry if I broke rules of our blog...

Manish said...

Goodafternoon master and all friends,

@master : Is a 5 wave complete at 6647.10

anand said...

Thanks Master ! (Good to know that I am not totally off the mark ! But certainly your "Guess" is Not just guess! )
=== sharing observation in continuation of last ===
And the down move continues with NF reaching yesterday low of 6671, NS yet to break 6643 but the entire retrace of the day => a corrective move (Flat type?)...sustaining below dev DLEMA or 6680 to give more bearishness? Let see!

vksoni said...

Ilango sir,
Fast fall setup between 21-34 hr sma?
Headed towards 6578-88?

marina s rao said...

@ Bala ji,

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Currently I am using.

May 8, 2014 at 12:07 PM

jvr said...

@ Sujatha sis,

No problem in travel in Hyderabad. I think even in Vizag may not.

Ilango said...

6663 6668 ... is 38%-50% retrace of the last fall from …… 6688 to 6647

80% is - 6680

If weakness is to return, it should be around 6663 6668

Strength gets confirmed above 6668 OR 6680

bb said...

Sujatha - Hyderabad is fine and temps also not that bad. Welcome to AP

STOCK4SURE said...

6661 IS 55EMA IN 2 MIN CHARTS

6668 is 55ema in 5 min charts

and 6678 is 21ema in 30min charts(which has given resistance earlier today near 6689)

Nilesh Patil said...

@Master,
Is it looks like falling wadge on hour?

Sanjay Jaiswal said...

Dear Ilango Sir & Blogmates,

OI Table Update at 1:00PM, Pivot-6701, S1-6652, R1-6730, VWAP-6691

The CE Writers are back and have added huge from 7000-7200CE Level, though not much action seen around 6700 level, playing the waiting game, Sell on Rise continues…

Thanks & Regards

GANESH said...

GA Sir , A 5 down over from 6682 to 6640 ?

Ilango said...

@ Nilesh Patil,

No falling wedge is visible.

If prices hold around 6624-36 zone(low done 6638), probability of a reversal as shown in green (2).

As discussed in Pre-mkt, a 5 wave fall could take it lower...

Keep track of last fall from 6660.20 for strength..

Prabhanshu Raman said...

2 30 min candle closed below 6655, so +ww invalidated and hns comes into picture
Currently took support at mhema 6636 as per pre market

sometimesbullsometimesbear said...

@rock dear.....be comfortable....aaaal is well....))

rock said...

Aaal is well !

Tushar said...

Hello Ilango Sir,
Though Nifty retraced more that 80% but seems to be resisted at 38 %(6658) for last big fall of 6688-6639. and thus it may contain its downtrend..
Is my understanding is correct?
Please guide.

Thank You,
Tushar


Tushar said...

one addition : Nifty retraced more that 80% of last fall from 6660.20.

prakashbkc said...

Nifty hr not closes above Hr JNSAR so far today

Ilango said...

@ Tushar,

Yes..

Ilango said...

@ Tushar,

6688 to 6639 retrace is what relevant presently.

prakashbkc said...

GA Master,

Tony sir once mention in his blog when asked about reason of nifty labelling of B wave as he considered this entire rise had overlapping characterstics

gs said...

sujata sis any bullish scenarios ,
will help much thank

shriram said...

--> back

The 1-3-5 is facing major "whups" ..ooops whips :-)

And see the Strat. placement of EMAs.. Dev.MnHi @ 6636 & Dev.WkLo @ 6643
Keeping Reversal players on tenterhooks !!

ATM / OTM PE OI is not liquidating in face of this fall .. next support cluster is the MT TL @ 6660-70 NS

Damn , how much more DATA can 1 crunch !

shriram said...

read as "next support cluster is the MT TL @ 6560-70 NS "

gs said...
This comment has been removed by the author.
shriram said...

Master,

Is the whole fall from 6870 NS, seeming like a Complex -Double ??

Ilango said...

This retrace would be critical for both Bulls & bears:

6650 6648 ... is 50%-61.8% retrace of the last rise from …… 6640.55 to 6660.25

80% is - 6644

If strength to return again, it should be around 6650 6648

Weakness gets confirmed Below 6648 OR 6644

prakashbkc said...

Master,

For any 3rd wave to come is sharp fall in 2nd wave is must I m asking this as i mostly see in Tony sir blog and ur blog in large time frame 3rd wave always follows sharp fall in 2nd wave & that 3rd wave is really stronger in nature . This sharp fall is missing till now in fall from 6870?

STOCK4SURE said...

NIFTY AT RES OF 6661.....55ema in 5 min charts

also 13020 cmp of Bn is 55ema in 2 min and 5 min charts

will nifty fall again for a LL?????

anand said...

@Shriram,
You are yet to use yoru simple eyes for EW labels on 2 minutes...here :
- a flat going on in 6640-6660 more liek ABC done (C on 2 minutes from 6657 till 6640 (after 6638 done low)) can and X going on for double flat ? or....what? its a 2nd of 3rd beginnign from fall from 6689 or 2nd only going on....hehehe..!

Rightly how much data can 1 crunch !!?

sony victor said...

Dear ILANGO Sir & blogmates

http://postimg.org/image/uk90n61yn/

the lower trend line shown in the chart is drawn connecting 6684 & 6656

& today it has touched exactly on the lower trendline @6638

does it make sense ?

Ilango said...

New Post Done.

STOCK4SURE said...

trend line res near 13035 in Bn joining intradays high

joining 13095 and 13060

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