Thursday, May 29, 2014

Nifty Intraday Update-III


30 comments:

Prabhanshu Raman said...

Sir, from 7340 till day low - 5 wave done? Now can we look out for this retrace?

Guru Krishnan said...

shriram said...

Any views on this tukka trade plan ?

Place Buy for 7300PE May @ 5rs... CMP is 15, can hope for order fill & then hope for post 2:30 cracks ? .. or is it a bad R:R ??
May 29, 2014 at 1:55 PM

Shriram -- I think some guys did this in morning itself... low for the day is 5..:)

Guru Krishnan said...

@STBSTB - Yup anything is possible :):)

shriram said...

Guru : to ab, aage kya hona hein ? :-)

Hitendra said...

No upward move in the index ... it is just meandering.

Raman Kapoor said...

@Shriram ji

There is an addition of more than 13 lacs in 6800 Put of next month. What do you infer from it?

Thanks

shriram said...

@ Raman: Prima facie.. such adds @ beginning of new series, is to be seen as writing only.. support

Guru Krishnan said...

7250-7300 ke beech me expiry :P writers kush hum b kush :P

Raman Kapoor said...

@ Shriram ji

Thanks. Its interesting the support has shifted from 7000 PE to 6800 PE in terms of highest OI.

shriram said...

Ysday's HnS seems unfolding to tgts T1: 7250 / T2: 7200 , EW tgts : 7199 , 7105

Chetna Jethi said...

here comes the 5th...from 7505 or an extended 3rd or 3rd..we will know soon..but low is there below 7269

durga said...

@SBSB, i was away fr short period-
i have no evidence but lots of exp ,reg ths. soon yu too will hve..shall we hope ? no?

durga said...

iam glad some one tested my suggestion in HINDALCO..see the graph..

Chetna Jethi said...

patience for few hours and rewards

shriram said...

7199 is min.. chetna... saanse aur thodi der pakde raho !

Chetna Jethi said...

@shriram..7200-10 seems like a small support?

shriram said...

yup.. good pt.. Mn wave channel @ 7210-20 NS

STOCK4SURE said...

spotted a WW yesterday and worked perfect today
A SMALL BEARISH WW may develop in BN till tomorrow

may do pt4 near 15100 today

pt5 may form near 15200 tomorrow and as per symmetry of pattern can be near 11.15

trgts 15030 be4 eod

seems expiry will be dull and tight range
May 28, 2014 at 2:19 PM

but since pattern deviated a bit from expected pattern i got bullish for 15270-300 today

kaash i would have stuck to my fist plan

shriram said...

Master,

Any closing comments EW wise on this formation ? Tks

STOCK4SURE said...

another small contracting triangle developing with busted pt5 forming near 15000-14970

trgts 15400 till tomorrow eod or max monday morning session

Hitendra said...

Big fall in BN ...

Kiran said...

NF June's freak low 7241 and CMP not much difference...

Ilango said...

@ shriram,

The chart is simple & precise. Add to it, the weakness being pronounced in week T/F with a likely close below 7280, WHEma tomorrow.

We'll watch the last fall retrace from 7295 to 72xx presently.

Now, the filter seems to be 30 - DLEma less 30 = 7224.

shriram said...

Tks sir . Have a nice day all !

NI3 said...

@S4S which time span 2/3/5/ min ?? observed

Rasendra Zala said...

Respected Ilango Sir,
How to derive 7224 ? ( the filter seems to be 30 - DLEma less 30 = 7224)
Sir DLEMA is 7265.

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