Tuesday, June 10, 2014

Nifty Intraday Update-I


J.R.Julius said...

Its time for me to leave.

Whoever have time during weekend watch the Market Movie
BROKE: The New American Dream.

The first 4 Minutes Preview You can See Here:

Directed by the turtle trader Micheal Covel.
You can understand a lot about Herd Psychology.
Don't be fooled by the title -- this film is TREND FOLLOWING.

Excellent Quotes & Lessons you can get from it.
One I love is
*When it comes to money & market, the worst thing you can do is act like a sheep.

Also don't miss to read the book "Trend Commandments" by the same author!
I could say this is one of the best books i've read about trading & stock market.

Guru Krishnan said...

Thank You Julius Ji.. :) always helpful!!

Ilango said...

@ Anandha,

There are few options unfolding:

Holding 7579 approx, new high possible as the 5th sub-wave of the rise from 7498.

Breaking below 7579, it could move towards 7500, approx as the 4th sub-wave of the rise from 7216.

Holding below 7683 as the "B" wave(shown), "C" is unfolding towards 7250-7200.

Each has its negation point. Only a close below DHEma would confirm a larger correction of either "iv"th sub-wave or "C" wave.

Ilango said...

Holding 7579 approx, new high possible as the 5th sub-wave of the rise from 7498.

Read the above as:

Holding 7579 approx, new high possible as the 5th sub-wave of the rise from 7361.

vishnu said...

Respected Sir
Good morning

Sonu said...

Breakout in Glenmark and ApolloHospital

Prabhanshu Raman said...

GM Sir and friends

Bear flag in nifty spot?

Prakash said...

gudmorning master and all frnds

shriram said...

OI wise, 7500 is the best support for Nifty

gaurav said...

GM SIR & All
shriram sir if close below 7500 ?

Prabhanshu Raman said...

From days high till low, its 3 waves. If prices goes above 7613, then expect
A done at 7579 and B may retrace back to any value OR,
Correction over at 7579
If prices dont go above 7613, then expect one more low. Also bear flag is in making and will trigger below today's low

prathmesh arora said...

Got the message from Nephew of Gauresh sir,

Today early in the morning while going for morning walk, wife of Gauresh Sir, (Mrs. Reshma) met with an accident with autoriksha and got head injury and has been hospitalized. Now her condition is stable.

I pray the almighty to shower his blessing for her speedy recovery

shriram said...

@ Gaurav: We will cross the Bridge once we see the River.. if NS < 7500 , obvi, PE OI will need to be reviewed

@ Gauresh : Praying for ur wife's speedy recovery , God Bless !

raman said...

Praying for speedy recovery for Smt Gauresh.

www.givmemore said...

requesting for update Sir

Sonu said...

38% retrace of the fall done at 7619. Bulls adding slowly at 7500PE

Chetna Jethi said...

overlapping waves.. B wave going on...a=c in a B is done or may do at 7622-23...if more chances of larger 5th..

satheesh said...

Namaste Sir and all,

@ gaureshji, Praying for speedy recovery of Mrs.Reshma.

Chetna Jethi said...

correcting from 7621.55...a=c ..lets see the follow up..bigger C can target 7522 at A=C

Chetna Jethi said...

break of 7600 adds to the probability of B done and C underway

Ilango said...

Dear Gauresh,

Our prayers for complete and speedy recovery for your wife's health.

We are relieved to know that her condition is stable.

Piyush Sharda said...

@gauresh bhai ,
wishing early recovery of ur wife.

bb said...

I am sure Reshmaji will have a speedy recovery. Our payers are with her.

Chetna Jethi said...

@Gauresh,,wishing a speedy recovery comes your wife's way!! God bless!

Rasendra Zala said...

Gaureshbhai, our prayer for your loving wife's early recovery.

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