Tuesday, May 20, 2014

Nifty Intraday Update-III


32 comments:

marina s rao said...

Day Low : 7247.70 Day High : 7319.30 Range : 71 Points Day Pivot : 7249 Hour Pivot : 7269

NS well above HKN ( Hepta Kilo Number ). Currently hovering around @ 7270.

Day Pivot's Resistance1 cluster @ 7305-23 stopping NS's further rise.

NS continuing since last 4 Hours in SOR mode.

Staying above Hr. JNSAR @ 7271, Hr. Pivot & Hr. Ema @ 7269 will give strength for the Hour.

Above Hr Hema @ 7286 NS changes mode into BAH.

SOR = Sell On Rise

BAH = Buy And Hold

Hepta Kilo Number = 7000

shriram said...

Master,

Direction wise, a revisit of 7150-30 NS, seems imminent before a rise, to EW eyes ?

Chetna Jethi said...

@leon, if you remember what i wrote yesterday,,if saves 299-98..we are in for a series of higher highs...keep riding the TATACOMM

Rajesh Rekhani said...

Sir,
CNX IT - looks like into longterm downtrend - "C" wave i.e. c1, c2 complete.

Am I right????

Ilango said...

@ shriram,

There are conflicting signals in the smaller T/F.

Keeping below 7365 or 7414, that is one possibility.

leon said...

Yes Chetna. However I exited around 324 out of fear (given the money lost on 16th - no stop loss :-( ). Now again not sure of the re-entry. Will wait for a directional correction in Nifty. Is this strategy correct or should I get in even now.

shriram said...

Was asking from a WXY persp.. with time to expiry nearby

Ilango said...

@ Rajesh Rekhani ,

CNX IT is doing in LT chart 3.(1).iv, the 1st being 1993 to 7593 and the (1)st of 3rd wave having started from 5845.55.

Chetna Jethi said...

2leon,, profit booking is a must for traders..i have had the bruint many times..you did a good job
be patient if it comes back ,,re enter ,,otherwise bahut oppurtunities hain..one is rcom..looking good for yearly highs

Chetna Jethi said...

just look at volumes in rcom esp in futures..any bull would love it

leon said...

Chetna JI: Thanks Madam. I was also looking at RCOM. I am waiting for it to close above 140-141

leon said...

I wanted to get in around 138 based on my studies, but did not. This is what Master says - Need to have faith in our own studies

Chetna Jethi said...

@leon,,,,we are in same boat,.,,,,HE IS MASTER!! we still have along way to go..i was in at 123....and booked out for peanuts..re entered today

bb said...

Any one have a view in Hindalco?

Prabhanshu Raman said...

I was in since 119 and booked out at 125.. not yet entered :-(

leon said...

Recovered 16th losses today. Heartfelt thanks to MASTER, Satheesh (SAIL), Chetna for TATA COMM. Still waiting for the big C for further positions.

Prabhanshu Raman said...

Bb, there was a triangle in 60 mins chart and bo was above 151.1 tgting 157 and 168 sl was at 147.85 and it gapped up today above bo pint

leon said...

C if B done. Will know on PUKKA cross of 7305

shriram said...

Decepticon signature on this rise !

bb said...

Thanks Prabhanshu for the update on Hindalco.

cooldent said...

Shriram

http://cache.reelz.com/assets/content/photos/movie/270682/270682_76.jpg

shriram said...

haha.. cool , yea tats one mean Son of a Gun ! ;-)

manas trivedi said...

@ shriram
deception signature mean?

shriram said...

@ Manas : decepticon means my neurons have got fry-ed due to lack of the ALL-SPARK today :-)

Feet up & relax wid a chilled Bud.. time to go

Good day all !

sudhin bathija said...

Ilango, how to preserve profits in this rise in the cash segment? Is it time to exit and wait or keep running and how?

Ilango said...

@ sudhin bathija,

If it is deliveries, it depends on the caliber of the stock.

Good stocks should be held in this market and they provide sudden sharp upmoves.

If you're inclined to lock some profits, do only "part booking".

Ilango said...

Dancing with "7264"...at EOD..!!

sudhin bathija said...

Yes nmdc in particular I am holding since 130 what do you suggest, and thanks.

jittery said...

@chetna stop loss in rcom please

rohit jain said...

7353 todays high not 7319

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