Thursday, May 15, 2014

Nifty Intraday Update-III


50 comments:

Ilango said...

@ Sonu,

80% doesn't work in 2nd waves.

Hence, 6092 should be treated accordingly.

2nd waves could retrace even 99% and reverse.

marina s rao said...

Day Low : 7082.55 Day High : 7152.55 Range : 70 Points Day Pivot : 7111 Hour Pivot : 7103

NS above HKN ( Hepta Kilo Number ). Currently hovering around @ 7100.

Weakness continues till below Hr. EMA @ 7106.

NS started the hour in SOR mode.

Below Hr. LEMA @ 7092 NS enters SAH mode.


For learners sake :

SAH = Sell And Hold SOR = Sell On Rise

BAH = Buy And Hold

HKN = Hepta Kilo Number = 7000

anand said...

Information :
Zerodha has withdrawn Cover and Bracket orders for tomorrow =. NO intraday product at the open. May offer later in day.
Other brokerages may follow to discourage Highly Leveraged Margin Products for intraday.
and worse if Margin requirements increase.
Wish all of you safety and gains....(And God Bless me too...)

A J said...

If you are content and consistent with 100 points that's wonderful. You need 8.3 points of nifty per month to get 10 percent return on Rs 50000 i.e fixed deposit return. Hundred points is way too much and exceptional return if consistent.

What if i ask you to reduce it to 50 points in month. Your consistence will improve and stress level will go down. And still you will get a decent return. With multiple lots and margin you can achieve your monthly money target.

But often we come across people saying I can easily get 20 points per day intraday, that is 20*20 = 400 points per month. How many can consistently do that?

Nilesh Patil said...

@sudharsan,

TCS is on 34dema good risk reward ratio for buy. cmp 2180

Nilesh Patil said...

@Master,
is this wave doing time correction?

Chetna Jethi said...

tisco ---flat correction....

sudharsan said...

Thank you Nilesh

Sonu said...

Thanks Master,

Does it look like 3-wave done from 7131 to 7091?

shriram said...

yes. AJ, i gave practical & true nos. have never been able to scale > 150 pts a month ... in any 1 month wid this strat tho.. thats 1 downside of writing options

Plateau sort of has been achvd. Will be forced to trade Futurz for more pts, which am not comfy doing right now :-x

Nitin Kadam said...

@Master,

Your view pully or gully? :-)

Is it same scenario like 2009? or results were declared on Saturday in 2009 ?

Thank You!

Ravi Pillai said...

Shriram
Third wave done for NS ?
PL advise
Ravi

shriram said...

@ Ravi,

Third from where pls?

sudharsan said...

Only Problem is TCS is below JNSAR now

Ravi Pillai said...

7131 to 7091
Am I wrong?
Ravi

sometimesbullsometimesbear said...

@AJ...ur feet are firmly on the ground...and ur fundas seem very clear....Just curiosity,...but my experience has been that most who have made it.....have paid tuition fees to the market in the past.....does that apply to u also...????

@Dear Shriram...Congratulations to u tooo....U r the challenge Winner of JN.....:):)

I think we should have such challenge contests here also....Would motivate folks...:):)

shriram said...

@ SB: nothing bout being winner, want financial freedom ..
want to be a free man , lots to do in life, than just sitting cooped in an office for a life-time :-)

herry said...

dear sir now holding 7090 can 2nd is done..?

A J said...

@SBSB
Yes of-course paying "tuition fee" is basic requirement to gain knowledge it seems :D.
I started around mid 2007. Got trapped in January 2008 fall. Loss was due to averaging a leverage trade in stock future!!

gkm223 said...

means need to cross 7153 today.?

sometimesbullsometimesbear said...

@Tathastuuu....and It will happen....:):)...Just persevere....:):)...Wish u the very best...

“Take up one idea. Make that one idea your life; dream of it; think of it; live on that idea. Let the brain, the body, muscles, nerves, every part of your body be full of that idea, and just leave every other idea alone. This is the way to success, and this is the way great spiritual giants are produced.” Swami Vivekananda ....Posted by Prakash Reddy a few days back..:):)

Ravi Pillai said...

Shriram
I wish U where U want 2 Reach.
Good Luck.
I read somewhere:
We are all in the Gutter.Only Some of us are looking at the STARS.
Ravi

anmpatel said...

80% people all around.....gen public to tv experts talking about 7500,7800....will market surprise all????

God please save my JNSAR position.....thanks in advance...

sometimesbullsometimesbear said...

@AJ....Perfect....:):)...Its nice to see good people succeed.....Thks for sharing ur experience and also the link from Zerodha....All the best...:):)

anmpatel said...

niftyji...esse to a66a hai ek bar 7050-7070 aai jate..corrective wave to khatam ho jaate...

haa...haa...ha...ha..ha....

Chetna Jethi said...

sir, correction done now??? a flat one

shriram said...

Master,

Durga mentioned a CT possibility developing down from 7172 NS..in the morning.. Do u see it that way too , to EW eyes ?

Ramesh said...

C&H on 30 min charts TChem , Looks good with sl 295 -

Ilango said...

Retraced 99% & reversing...!!!

shriram said...

hahah.. tubelights again !

anand said...

7085 - almsot 99% !!

Nagaraju G said...

Voww.. 99% and reversed :D

anmpatel said...

@master
after almost 3day now nifty trading above HHEMA...is it early indication of awaited 3rd in hrly?
or need to past 80% 7155?
thanks..

STOCK4SURE said...

7142-7152-7162???

Chetna Jethi said...

dicey, if does nt cross 7130-35

STOCK4SURE said...

7117 is res of T/L joining intraday highs

sust abv 7117 may see 7142

abv 7142 will trgt 7162

7142 is res of 3 days highs at 7172 and 7152

anmpatel said...

@chetna
yes...todays high to low 80% is 7139...

Chetna Jethi said...

7135 se waapis....

leon said...

chetna Ji: Any views on RCOM

Chetna Jethi said...

7104 stoploss for longs intra initiated

marina s rao said...

Day Low : 7082.55 Day High : 7152.55 Range : 70 Points Day Pivot : 7111 Hour Pivot : 7094

NS above HKN ( Hepta Kilo Number ). Currently hovering around @ 7121.

Weakness till below Hr. EMA @ 7100.

NS started the hour in SAH mode.

Above Hr. HEma @ 7119 NS enters BAH mode.


For learners sake :

SAH = Sell And Hold SOR = Sell On Rise

BAH = Buy And Hold

HKN = Hepta Kilo Number = 7000

Chetna Jethi said...

@leon-- It is giving me the idea that if it breaks 121..should be shorted and otherwise it should take support, not give a close below 123 and shoot up 129-30 was a nice resistance and it has played its part...we wont get to make a move unless we have old positions..it is a risky day tomorrow esp for high betas like RCOM...I hold longs and currently not comfortable but will continue with my positions

Chetna Jethi said...

rcom is probably the only stock with shorts in the system

Chetna Jethi said...

SIR, a quick one---do you see the cash positions being hedged by shorts in futures in nifty?

Ilango said...

@ anmpatel ,

We have been able to follow this (3)rd wave and its (i) and (ii) so far fairly well.

Nothing has changed to think "otherwise".

Since "results" will be out during market hours, surprises, if any, could be handled.

Until then, let us ride this (iii)rd that seems to have started from 7082.

anmpatel said...

@master
thank you very much...
lastlly as per two days back premarket view..u told jnsar will rise to 6931..but its lagging...should we use J10SAR for tom..
thanks. in advance.

leon said...

Thank you very much ma'am. I am seeing an abc correction today in RCOM and taking support at 5DEMA and closing above it. I am long. I hope I am correct.

Chetna Jethi said...

@ Leon,,, your are welcome, sir !!! i hope we are correct and Rcom, as shriram says, agrees with us

Venkat said...

General Elections to Lok Sabha and State Legislative Assemblies of Andhra Pradesh, Arunachal Pradesh, Odisha and Sikkim

Trends and result will be available from 8:00 AM onwards on 16th May, 2014

Volatility will have it's thandav tomorrow
Children, pregnant ladies and Weak heart do not even watch market

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