Monday, May 26, 2014

Nifty Intraday Update-III


83 comments:

shriram said...

intra +WW is formed.. the 1-3-5 trigger. to activate now is 2 nos.,5min closes > 7440 NS

marina s rao said...

Day Low : 7422.25 Day High : 7504.00 Range : 82 Points Day Pivot : 7347 Hr. Pivot : 7455

NS well above HKN ( Hepta Kilo Number ). Currently hovering around @ 7430.

In Day Pivot's Resistance 1 cluster @ 7414-7435.

NS opened the hour in SOR mode.

Strength returns above Hr. Ema @ 7446.

SOR = Sell On Rises

BAH = Buy And Hold

Hepta Kilo Number = 7000

Chetna Jethi said...

thumps up, shriram,,your WW came the closest of all the expectations...wow ,,,you do that very often...7422...hr jnsar

Okay said...

Master, does today's movement changes the BN counts (alternates comes into play?)

shriram said...

@ Chetna: Need a 1-3-5 long trigger, yet tho ....

Chetna Jethi said...

comfy above 7449-50

shriram said...

then so be it, better for me to remain mechanical about patterns,
the biggest mental trap of EXPERIENCE, is the tendency to get ahead of ourselves & start commanding the market to go a particular way ...

shriram said...

7300 PE June @ 74 seems a juicy prem to eat , for this +WW ? 2:20 close > 7440 triggers it

Ilango said...

@ Okay,

Since the fall from 16th May high was a 3-wave , there is still the possibility of a "Flat correction" continuing.

EOD would have more clues.

Chetna Jethi said...

i hope it does not give lashes too with whips

Kiran said...

NSE MidCap, which was +200 points @ 11:45. Is -177 right now (377 points move)

Prabhanshu Raman said...

If 7379 gone 61.8 then. ..

shriram said...

7379-7283 NS is the 34EMA,30m / DHiEMA zone... thats the 1st pt for pause (if NS wants to ) !

bb said...

What a fall !!

shriram said...

hahaha... Dhajjiyaan udda dee !

Chetna Jethi said...

seriously...isse kehtey hain "dhajjiyan udaana"

Chetna Jethi said...

ohh my god..kuch ho gaya kyaa?? is modi not swearing in as PM???

shriram said...

Master,

Irreg. "C" nearing end sir ?

marina s rao said...

New Day low @ 7295.30.

SOR mode in display.

NS from SOR mode to SAH mode.

Below Hr. JNSAR @ 7421. Strength returns above 7421 only.

SAH = Sell And Hold

bb said...

Some news based selling

Best Nifty said...

Sir Pre-Market 7331-41 is still valid for up move to continue.

Num Char said...

Esiliye kahte hai hai ..faulad ka jigar chaiye ...trading karne ke liye ..?

Honestly ..it made me sweat . :)

dharmu mishra said...

was that test of weak hearts in a bull market

Chetna Jethi said...

who had bought TISCO?? bhai,,, I warned about it atleast..i hope not much loss

Ilango said...

@ Best Nifty,

That was based on the last rise of Friday; subsequently, we have updated the last rises to micro manage the trade today.

It seems the "Flat correction" is continuing still as stated above.

Strength returns above "7391-7419".

Chetna Jethi said...

@shriram.... nawaj sharif has not been arressted here, i guess.....will they hang him for disrespecting MM singh?

herry said...

dear sir idea stock a,b,c is done...?

vishnu said...

Respected Sir,
Current JNSAR Please

bb said...

Ilango when time permits please explain this fall and the ferocity of it

sometimesbullsometimesbear said...

56 inch ka seeeeena chahiye... dost....56 inch ka seeeeena....:):)

Aaj soothing lotion or moisturizing cream bahut bikega.......Burnol bhie.....;):)

Sonu said...

@Ilango Sir,

Any alternate counts to explain this fall?

To me, this now seems like a 'black swan' event, which cannot be explained using EW.

TAnovice said...

Did DLEMA - 20 pts and reversed... What next??

shriram said...

@ Chetna : dont know bout that item & frankly dont care ;-)

7277 is the St. 5DEMA ... looks to be bouncing from there ?

TAnovice said...

Will it DHEMA + 20 pts. next??

marina s rao said...

New Day low @ 7269.05.

SAH mode in display.

Strength returns above Day Pivot @ 7347 & Hr. JNSAR @ 7421 only.

SAH = Sell And Hold

sometimesbullsometimesbear said...

@Sonu ..Kaala chidiya nahi hai yaaar......

This is normal basket selling...somebody has taken a few hundred crores off the table.....:):)

Ilango said...

@ bb,

As & when prices did not hold a critical lows of "last rise retrace", bigger retrace came into play and once it retraced below 7330, it amounted to a larger flat correction coming into play:

7564 to 7131=a
7131-7504=b
7504 to 7xxx = c unfolding - hence such a ferocity.

Sujatha said...

chetna ji - don't say OMG now itself, "picture abhi bakki hai" looks like

shriram said...

74 PEs have liquidated but .. 73PCR still >1 , Bullish @ that strike, just yet ?

arvindkering said...

Sir
Tomorrows JNSAR for BN

Chetna Jethi said...

@sujatha,,,agreed...was not well prepared for it and took the money off table late...god saved

Ilango said...

@ arvindkering,

14942.

shriram said...

Looks like Dev.WkhiEMA / St.DEMA combi @ 7277-80 NS has acted as support ....

Kiran said...

black swan ??? No way, black swan = LC several times..

bb said...

Thanks for the update Ilango and that 7XXX is scary as it can go down below 7269 by expiry.

Bharat Kumar said...

@ Sujatha - More downside expected!? :-o

shailesh said...

chetna jee inw view about idea

rj said...

Dont panic its a great time to re-enter as JNSAR in long go ahead take longs

Prabhanshu Raman said...

I m stuck with nifty long... :-(

marina s rao said...

NS above Day Pivot @ 7347.

Sujatha said...

chetna ji - god saved..that's good words..feeling gratitude is good..:) "Sornakarsha bairavar"
on the way to "bears" in coming days too??? looks like sell on rise???

rj said...

@Everyone please rollover your longs only 20 points premium next contract .........thanks

sometimesbullsometimesbear said...

@rj = rakesh jhunjhunjhun......u r on dot.......:):):)

sometimesbullsometimesbear said...

@rj....again...u r on dot....:):) Great going..:):)

rj said...

@sbsb thanks nooooo rakesh ,now i am sweating...haha

Ilango said...

3.00PM TT & Chart updated.

shriram said...

@ rj: tats worth noting down,. but June options OI is not really bullish, r u seein that in unison ?

rj said...

again 7450 nf on cards ............

Chetna Jethi said...

@sujatha ji,,, pls dont add suffix "ji" to my name....i request you on that please....sell on rise if it rises....am looking for the same option..but weekly and monthly scales might save it ...few other world leaders markets not showing good signs too

marina s rao said...

Century from Day low completed.

Chetna Jethi said...

i am expecting weakness but nothing like dumping in markets....will be a buyer soon.....may be little later too

Chetna Jethi said...

confused as always

rj said...

@shriram.....i am a pure JNSAR trader my eyes are not in a habit of see lot of other things.... no dis respect to any other or your study

shriram said...

@ rj: ur pt was on Roll-overs based on NF prems.. JNSAR was not a part of the obsv, i assume ...

June contracts 74 CEs @ 17.4 Lacs are > 74PEs @ 7.5 Lacs (As of Now) ... thats a sign of ST RES ?

rj said...

@master - does today low will have same importance as its swearing ceremony like low of 16th as you said earlier low of 16 should not break now & it didnt love to hear again something like that now...thanks.......wating for master's 3rd tgt

marina s rao said...

Day Low : 7269.05 Day High : 7504.00 Range : 235 Points Day Pivot : 7347 Hr. Pivot : 7356

NS well above HKN ( Hepta Kilo Number ). Currently hovering around @ 7360.

NS above Day Pivot @ 7347.

NS continuing in SAH mode.

Strength returns above Hr. LEma @ 7379.

SOR = Sell On Rises

SAH = Sell And Hold

Hepta Kilo Number = 7000

Crorepathi said...

Weak hands
Weak hands
Go away...

We have huge rally ahead
because "Dar ke aage jeet hai"
aur "Ban raha hai Modi Sarkaar"

rj said...

@shriram.....i am very bad at what you are master of in a laymen knowledge the thing i know that JNSAR in long & on 16th june premium was 45-50 points & today i was able to rollover exact 19 points difference..thanks

shriram said...

@ Rj: pl dont be sorry , the mis-comm. is entirely mine !

Mis-interpreted ur obsv. as a OI obsv (seems u were talkin from the view of purely managing ur Futures Longs)

Chetna Jethi said...

event days are being sold like this 16th may ,,,26th may...any significance??

Sujatha said...

chetna - :) :)

bharath - mm.. yes..feeling -ve ness only, .would like to see some "gap down aye namah!!!" for a change :D :)

Ilango said...

@ rj ,

Keeping below 6376-6401(approx), corrections would continue.

Today's low is closer to tomorrow's JNSAR.

I would consider "6193-7207" as critical support zones. If correction could end above it, bullish upmove will follow.

If not, the correction can get more time & price consuming..

sometimesbullsometimesbear said...

Take away of the day....

@ rj said... i am a pure JNSAR trader my eyes are not in a habit of see lot of other things.....

Sahi hai dost....I am sure u made Ilangojis day.....All the best....:):)

Ilango said...

Read as "7193-7207"

rj said...

@Everyone in so much awesome volatility still nifty didn't touch even today's JNSAR.....jai ho thanks Master

rj said...

Thanks Master......& sbsb

Kiran said...

Monday was like this, How volatile next Friday going to be...

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