Wednesday, May 7, 2014

Nifty Intraday Update-III


33 comments:

Ilango said...

6679 6681 ... is 50%-61.8% retrace of the last fall from …… 6689 to 6668

80% is - 6685

If weakness is to return, it should be around 6679 6681

Strength gets confirmed above 6681 OR 6685

Sujatha said...

patel ji - mm..SL hit but i closed my position @ open as spot didn't open above 6732 ( i expected gap up open @ 6732 sorry i didn't mention yesterday hereafter will mention) to add more long...it didn't happen...my NF 6710 will not give up easily (not over confident just an intution) .it;s singing like "mithun" i am a disco dancer.... as usual 20 pnts filter my SL didn't hit sofar :) feeling something fishy....NF closing below 6710 is weakness if close above 6728/6735 is good (wishful thinking it should happen)

PS : a fast break of 6710 will give u easily 6673/6651 but pls..leave it na

shriram said...

7000CE Oi has to be writing ...

Prabhanshu Raman said...

Bhel: Triangle can be observed in 30 mins Bhel chart.

Break out above 180, tgt 1- 182.5, tgt 2- 186.7, SL at 178.70
Break down below 178.5, tgt 1- 175.95, tgt 2- 171.80, SL at 179.80

anmpatel said...

@sujatha
if it's matter of my choice/wish i still not allowed to hit JNSAR short!!!!!
though we made market but it's like WIKI in movie(robots) has its own mind and it like to destroy poor traders........
let's see what market decided before "judgement day"

Prabhanshu Raman said...

Sir, from 6743 to 6668, 3 waves?
6743 6702 1
6702 6720 2
6720 6668 3 (its in 5 waves)

Sujatha said...

patel ji - am very sorry to say my wishful thinking " one gap up should taken out JNSAR' as it's not far away ...chances are there.."it's all waiting for time" :) if gap up i will be :D :D if gap down :(:( NF close around 6728/35 is good still i feel.. and @ spot trendline 6701 may protect if at all my intution is right...

STOCK4SURE said...

tomorrow may see some volatility in nifty

6650-6750 is range for tomorrow

Mukesh Honest said...

Kal jo nifty me hogi wo volatility hogi, aur aaj jo 50 points ka move ho chuka hai aur usme bhi kitne updown...ye volaitility hai ya narrow range trading ?

sometimesbullsometimesbear said...

There is a nice analysis of "judgement day" since 1990 by Brahmesh in his blog....)))))
Great work B....:))

herry said...

dear ilango sir BN above 34hsma and jnsar
can long side position..?
12738-13017 last rise 50% of 12875
todays low...

Mukesh Honest said...

jab aap ko jawaab nahi milta to fir din bhar kyon poonchte rahte ho ? aur jab milta hai to fir finger kyon raise karte ho ??

shriram said...

For EW folks... move down from 6870 , is looking a lot like a Double Combo, or WXy

W 6870 6657 -213
X 6657 6743 86 -40.4%
Y.a 6743 6668 -75 ** in play ??

GANESH said...

@ Sir , a 5 wave down done from 6720 ?

herry said...

sir plz given BN tomorow jnsar

nath said...

if 6656 breaks its breakdown of ATR range after many days

cooldent said...

Sir tomorrow BNJNSAR?

Pattern Trading said...

Pattern activated ..

shriram said...

hahah.. was about to type +WW pt 5 is formed too !

ITradeForProfit Daily said...

mini HVT at low point of the day

sudhin bathija said...

In case of a blackout
American would call the power company.
Japanese would check the fuse.
Indians peep into the neighbour's house and if it is dark there too the all is well.

Prabhanshu Raman said...

Shri point 5 is at wat value?

shriram said...

for WW traders.. the pattern will trigger long on 2, 30min candle closes > 6655 NS, let watch now

HnS guys can see 100pts down further from same NL

Kiran said...

What will be ascending triangle's target if broken on downside

shriram said...

@ Prabha: 6652-55 NS, is pt 5

anmpatel said...

@master
the up direction of big 3rd fit after election result, but is there any bearish EW possible and big down in 3rd wave down, because this type of large movement is possible in 3rd only na?
P.s. in case market surprise all and complete alt B at recent highs and after result train towards 4500??!!!
sorry for all guess works..

Ilango said...

@ anmpatel,

We'll be doing the guessing/ studying TA/EW from 13th to 15th eve....in detail.

anmpatel said...

Master

thanks. eagerly waiting.....

Arun v said...

I think -Nifty is going down to fill the Gap near 6500, so the target will be below month Ema -ie-6528 or 6369 (month Lema)

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