Friday, May 23, 2014

Nifty Intraday Update-III


40 comments:

A J said...

@SBSB
How much arbitrage opportunity is considered to be good and worth the money? Greater than 1 percent per month? As 1 % will be approximately 12 per cent yearly? and more if compounded.

Chetna Jethi said...

above 7340----the resistance zone of 7350-70 may get cleared...lets see the follow up has been good so far..golden ratio of last fall from 7346 is retraced and nifty above it

ITradeForProfit Daily said...

@Raghavendra,

Congrats !!!

Raghavendra said...

@ ITFPD,

Credit should go to ND sir - I only trade occasionally due to paucity of time and preferably after a large rise or fall - like post May 16th.

Share & Be Sure said...

@Raghavendra,
Thank you.

leon said...

reposting:
Satheesh Madam: Is the following long term count on SAIL right:

sail: Weekly scale:
1. - 37.6 - 74.9 = 37.3
2. 74.9 - 54.05 = 20.85 (56%) - bullish because could not even reach 61.8%
3.i - 54.05-76.1 = 22.05
3.ii - 76.1-65.1 = 11 (50% of 3.i)
3.iii - 65.1-92.85=27.75 (125% of 3.i)
3.Iv - 92.85 -84.7=8.15 (30% or more to come). Invalidated above 91.2

Raghavendra said...

Dear All,

Taking on from Ilango sir and other JN friends on "investing" side - I would like to suggest Dish TV to be added on declines or at current prices.

To my simple eyes - looking at weekly and monthly charts , Dish TV has completed 2nd wave and just starting the move in Wave 3 ( early stages ).

Wave 1 from 13 to 97 ( 2008 lows to 2011 )
Wave 2 from 97 to 39 / 43 ( 61.8% retrace ).
Wave 3 is on now ....

Stop loss is a monthly close below 39.

herry said...

dear sir can ii nd is done....?

sometimesbullsometimesbear said...

@AJ

Just google for "Arbitrage opportunities on NSE" and u will find a host of informative articles.....

U r correct abt the returns.....conservative and practical but beats the FD...

Most brokerages offer arbitrage services to HNIs....

cooldent said...

Sir

Now retrace from 7301?

Chetna Jethi said...

five waves from the lows and resistaing at 805 of the fall from 7265-7300

Chetna Jethi said...

resisting at 80% of whole fall...may be a flat and another fiver..is it??

shailesh said...

Chetna jee can we short here

Raghavendra said...

BN developing DHEMA = 15158. SBI leads BN single handedly.

shailesh said...

Chetna jee can we short here

Chetna Jethi said...

shailesh,, aapke poochte poochtey intrday trade over ho gaya...socha mat karo 5point stoploss laga ke kar diya karo

herry said...

dear sir update plz eregular b ...?
start of 3rd of 2nd of 2nd ....?

Chetna Jethi said...

shailesh
the time you waited to ask,,, it gave a 20 point trade..longs from lows..short from highs and now longs again

shailesh said...

Chetna please one more question about sail

Ilango said...

5th sub-wave from the 61.8% retrace(7300) is being done presently...

shailesh said...

Chetna jee i have long in sail at the rate of 86

Chetna Jethi said...

shailesh ji,, keep riding...110-128

Raghavendra said...

BN TT turns full green at the end of the week ( 3 PM close ). Key numbers nearer to current price.

HHEMA : 15152
DHEMA : 15158

Chetna Jethi said...

shailesh -- always trade 2 lots..keep part booking in hand OR retracements dekho....aur koi option nahiin hai dost!!

leon said...

RCOM rise today has been with huge (10%) reduction in OI in futures. Does this signify short covering? Or may be profit booking?

leon said...

sail on the other hand has added 7% in OI with rise - long build up

shailesh said...

Chetna jee rcom view please

ITradeForProfit Daily said...

BN starts to lead again.

Wish to see 7400CE writers panic Monday onwards.

Chetna Jethi said...

shailesh,, i am long...any other view??

shailesh said...

I also long but oi show something different

Raghavendra said...

@ Chetna,

On a lighter note : We were only long - long - long - long since May 9th.

NI3 said...

@Chetna and Prabhanshu
thanks for rcom discussions made some wave clearances so far!!!
thanks a lot

Sonu said...

Any views on BankNifty?
What is going on there in BN and SBIN?

ITradeForProfit Daily said...

Nifty breaches ND Sir's ATR breakout level in the late hours of trade.

Raghavendra said...

SBIN is in 3.3.3 - medium term resistances are broadly from 2845 to 2945 levels.

Chetna Jethi said...

@Raghavendra.. i am trading both waves.. have been little lucky intra shorts too.....seems like some confidence going on..and not going too close to counts has helped a lot

Chetna Jethi said...

@shailesh kya hua OI ko?

Raghavendra said...

Dear All,

Article from Zerodha - Inspirational story of Mr Joby who is quite successful in trading.

http://zerodha.com/z-connect/zerodha-60-day-challenge/winners/10th-std-pass-market-wizard-from-thrissur

Prabhanshu Raman said...

Raghavendra... I read that. .. seems like one in lakh person on this earth. Amazing

shreya puneeth said...

what is the rcom near term target in 1 or two days

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