Monday, May 12, 2014

Nifty Intraday Update-III


27 comments:

marina s rao said...

Day Low : 6862.90 Day High : 7000.25 Day Pivot : 6794 Hour Pivot : 6985

NS touches HKN ( Hepta Kilo Number ) @ 7000.

Day Pivot's R1 cluster @ 6921-6936 2 support NS in a late fall if any.

NS in BAH mode till above HHema @ 6965.

For learners sake :

BAH = Buy And Hold BOD = Buy On Dips

HKN = Hepta Kilo Number

anmpatel said...

@master
i could not understand you last post...
can u explain it in little detail when time permit...

shriram said...

CMP is trading > 2 Std Devs. beyond Bell curve mean now... wow, all i can say is wow :-)

Ilango said...

For weakness, monitor the last rise from 6962 - only for intraday:

6993 6987 ... is 38%-50% retrace of the last rise from …… 6962 to 7012

80% is - 6972

If strength to return again, it should be around 6993 6987

Weakness gets confirmed Below 6987 OR 6972

STOCK4SURE said...

ns may have formed pt5 near 7012 but BN is lagging

modified trgt is 6960 in nifty charts

will have to move up abv 14170 to form pt5

that may pull nifty too along with it

Prabhanshu Raman said...

Chetna, I m looking at rcom like 3 minor waves are done.
113 to 119 as 1
119 to 116.80 as 2
116.80 to 125 as 3
125 to xxxx as 4th running.
So, trailing sl can be 119 for longs

There are few more scenarios, and each looks better

anand said...

@anmpatel,
I also read them as corrections first due to a-b-c but
Those are 3 possible targets for the 3rd that started from 6639 on Friday – but including the dips / corrections on the way as well.
Its 100% of 1st, 161.8% of 1st , 261.8% of 1st.
1st covered 886 points as per Master's labels.

GANESH said...

@ Sir , If NS breaks 6960 , then can we call an end of this upmove ? Please answer , as it looks a 5 up on 5 min chart from 6960

STOCK4SURE said...

tonite many exit polls will be getting declared

that may have big effect on markets for tomorrow

will tomorrow be a big gapup or gap down day????

Chetna Jethi said...

@Prabhanshu,, thank you.......today's move seems like a subwave to me,,,,somemkind of iii with in some intermediate wave for bigger move..keeping in mind the 3rd wave commencement...on a larger time frame of weekly.. I t is not showing the power of 3rd yet.....it needs to cross 130-35 zone very very quickly,,i might have to change prefferred counts to corrective, if it does not..holding

STOCK4SURE said...

life supp at 14060 now in BN(supp of T/L of -WW joining pts 2 and 4).........soon may burst be4 eod probably towards 14170+

STOCK4SURE said...

a small contracting triangle too developing in bn charts of 216 pts.
breakout abv 14100 may trgt 14315 near levels till tomorrow first few min only

shriram said...

@ S4S: on the MT, BNs tgt is 16000

Chetna Jethi said...

@prabhanshu, It can be into its 2nd minor of a 3rd intermediate...if bullish counts survive

http://prntscr.com/3ihfce

Prabhanshu Raman said...

Yes seems so. But in any ew scenario, 119 is end of minor 1 and van be taken as trailing sl
Wat you say?

ravi said...

@master, is short term top made today. Is it safe to carry longs tonight.

marina s rao said...

NS latest Day High @ 7017.25

STOCK4SURE said...

a small bullish WW

may form pt5 abv 7023 near 3.15

may close near 6990 -7000

STOCK4SURE said...

0ooooooooooops itsb bearish WW

shriram said...

master,

Consecutive white tubelights... 3white soilders kinda setup for tomo, under way ?? :-)

Chetna Jethi said...

will take 120 as tsl....it has taken support t 121 4-5 times today..that becomes very important and 120ish is golden ratio of the last rise and may be the completion of C wave of a flat which has already made a higher high than previous rally,,will be followed by a nivce iii of int 3 of major 1 targetting 130 odd levels

anmpatel said...

last hour nifty future hrly graph showing volume of 2,78,62,100.....what's this...first time seeing this much volume......

anmpatel said...

and in 1 min that is between 7028 and 7032....and nifty trading above this...

anybody?? what's the meaning of this?

Chetna Jethi said...

120 is currently the 13 period ema on 30 mkinutes charts too

Prabhanshu Raman said...

Thanks Chetna. But have you noticed, future to spot premium reduced from 75 paise to 20 paise now
:-(

Prabhanshu Raman said...

And now in discount :-( :-(

anand said...

After a correction – as identified by Master with a sideways C- done at 6968- the next 5 wave up is still unfolding and NS average closing above/ near R2 and bullish above 7K, case for holding the longs and wait for ST Top tomorrow ?

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