Monday, June 16, 2014

Nifty Intraday Update-I


35 comments:

J.R.Julius said...

Cámáríllá - Nifty Spot
Now Notable Prices
L3
H3 or around/below prices applicable if only Strong pullback seen from day low!

Hemanth said...

Sir what is the significance of gap at 98-85 zone..does that mean if nifty breaches 6498 it would obviously fill that gap nd would reach 6485?
Thanks for your time...

Sonu said...

Pharma, Telecom, IT supporting Nifty so far... BN drags
http://www.niftytrader.in/nse-stocks-price/

Prabhanshu Raman said...

move tata steel is so fast. Both Bhel and tata steel formed HNS and triggered on friday, TS is close to its 2nd tgt but Bhel yet to hit its 1st tgt.

sudharsan said...

Good Morning all Views on RCOM pls

Chetna Jethi said...

@Prabhanshu,,we discussed abt these levels last week...it seems to be a buy here in TISCO

Ilango said...

@ Hitendra ,

In an uptrend, a gap is formed when the supply is overwhelmed by a huge demand; hence, during corrections, such a gap offers as support. When the gap zone is breached decisively, it would imply weakness till a new demand zone is established.

marina s rao said...

Day Low : 7487.55 Day High : 7548.60 Range : 61 Points Day Pivot : 7582 Hr. Pivot : 7511

NS hovering around HKPC ( Hepta Kilo Penta Cent).

Currently hovering around @ 7510 & below Hr. Pivot @ 7511.

NS gone much below Day Pivot @ 7582 displaying strong weakness.

NS in SAH mode in Hr. T/F & in Day T/F.

Strength returns above D Lema @ 7525, Hr LEma @ 7534 & Hr Pivot @ 7543 .

SAH = Sell And Hold

Hepta Kilo Penta Cent = 7500

Prabhanshu Raman said...

@Chetna - I feel another 5-10 points move is pemding as per HNS pattern. 2nd tgt is 507. Lets c.
Do you have any view on Bhel. I think 215-220 should come, wat u say?

Raman Kapoor said...

Dear Sir,

For the 14 period day stochastic which period MA is advisable for the trigger. Is it 5 day or 9 day?

Thanks

Ilango said...

@ Raman Kapoor,

5 would be better.

Prabhanshu Raman said...

Sir, do you see, the gap has given support to falling nifty and now bounce back? When we can know if this bounce is main uptrend or just a bounce?

sometimesbullsometimesbear said...

@Confused Complaining Losing money in the markets.......

1. Intraday Trading.....Takes years of study and hard work...IT IS ACTUALLY ROCKET SCIENCE.....R u a rocket scientist....No na....so study the blog and do paper trading for a few years before u start live intraday trading....Pls do not cast aspersions on a person who is giving knowledge free to all and sundry day in and day out without a break.....It is simply not done....It will surely not help u make money in the market.....

Alternatively....
.If u r gifted like the Zerodha 60-day challenge person from Thrissur who is just a 10std pass and can remember every settlement closing price for the past 10 years, then go ahead and just do it...
http://zerodha.com/z-connect/zerodha-60-day-challenge/winners/10th-std-pass-market-wizard-from-thrissur

2. Positional trading.....Advisable for trading aspirants...
Study, develop ur own system, back test it, paper trade it, and go live....

Alternatively....

JNSAR numbers are given here daily FREE without any discrimination...
Appreciate it...have some good thoughts for the person who is giving it.....and start simple JNSAR trading with filters with discipline......

3. Cash Market trading (NOT FUTURES PLS)....Again equity JNSAR nos are available on this blog....Do the needful.....

4. Long term investment..good companies with proven track record of good governance...NOT THE PENNY STOCKS OR PROMOTER MANIPULATED STOCKS.........RECOMMENDED FOR ALL.....Go back into history and total up the:
1. Price appreciation
2. Dividends
3. Rights/Bonsuses
4. Buy back offers...

Phenomenal returns.....No comparison.....and the only only way to stay ahead of inflation....


Regarding multiple studies and possibilities available here.......If u r in a buffet and u try to take every available dish on ur plate ........u know what happens......Take one at a time and what u like....step by step....

Life is full of possibilities...It is up to us to make it real..and happen...

Thank you and all the best in ur trading career....God bless.....

marina s rao said...

Currently hovering around @ 7520 & above Hr. Pivot @ 7511.

NS much below Day Pivot @ 7582 displaying strong weakness.

NS in SAH mode in Hr. T/F & BOD in Day T/F.

More Strength above Hr LEma @ 7534 & Hr Ema @ 7543 .

marina s rao said...

@ STBSTB

Xcellent advices for beginners & reminders for veterans.

Kudos.

shriram said...

GM Master & JN Family,

the HnS tgts for NS & BNS are done.. EW wise, the fall from 7576 has done > 1.618xw1 , so qualifies as a W3 & can show some more downside to finish a 5 ?

Holding 7470NS, can be a sideways market for the whole of this wk vide "b" retracing 770-74XX ?

Alt. View: 1set ABC fall is done @ 7490 NS today & we may either see a 5 up or a Side-ways WXY for the reminder of June14 ..

Have a gr8 trading day !

Raghavendra said...

@ STBSTB,

Completely agree with you - Observations shared by Ilango sir at different times during the day along with TT and Hr charts updation - are for different "trading strategies" followed by "different style of traders".

Its the trader's discretion/judgement to use them and make use of it.



Sunil Minz said...

As we are in definite up trend it is always very difficult to play opposite i mean maintain shorts but discipline is discipline until todays jnsar is not taken out we have to maintain shorts.as per therules

Aly said...

Good morning ilango sir and blogmates

@ STBSTB

could not have put it in better words

J.R.Julius said...
This comment has been removed by the author.
J.R.Julius said...

@sometimesbullsometimesbear,
Good thoughts indeed. Avoiding Intraday is good for capitals.
In the same time i could say few things if someone think they
miss positional entry, they can do trend based entries using
retracement ratios, observing pullback price action, even with cam/any
pivotal numbers or Moving averages! if one have a trading itch on
counter trend the risk should be very small and the reward should be
above it or should exit as scalp. Nothing is impossible to a willing heart.

One can win even with extreme mad entry if the exit is good.
By not understanding this simple thing everyone losing in Intraday.
Those who understand this will use proper money managements else
they dont enter intraday. Those who wish to win must watch this video
to get the idea why they fail?:

https://www.youtube.com/watch?v=Z3oLXTNTXuM

shriram said...

@ JRJ: thoda jyaada to nai bol diye ;-)

ENTRY is everything in trade... becoz the SL is to be kept fixed for ideal Risk Mgmt.
Accurate entry --> low %chance of FIXED SL , getting popped

No.1 rule :-)

marina s rao said...

4Day Low : 7487.55 Day High : 7548.60 Range : 61 Points Day Pivot : 7582 Hr. Pivot : 7514

NS above HKPC ( Hepta Kilo Penta Cent).

Currently hovering around @ 7525& above Hr. Pivot @ 7514.

NS much below Day Pivot @ 7582 displaying strong weakness.

NS in BOD mode in Hr. T/F & in Day T/F.

Strength above D Lema @ 7525 & Hr Pivot @ 7536.

BOD = Buy on Dips.

Hepta Kilo Penta Cent = 7500

shriram said...

-WW forming intra.. pt 5 near 7550-55

1-4 tgt 7500 .. time to go, have a gr8 day everyone !

J.R.Julius said...
This comment has been removed by the author.
Raghavendra said...

JRJ sir,

Speaking of a counter trade entry with low risk : Today was with BN between 14850 to 900 levels.

5 Week EMA @ 14891
Week S1 @ 14885

shriram said...

@ JRJ:
Random ENTRY is meaningless when evaluating Risk-Reward. And R:R is the basis for JSUTIFYING EXPOSURE OF BODY CAPITAL / TAKING A TRADE

Gotta go, ciao

jai bhole said...

good morning everybody

J.R.Julius said...
This comment has been removed by the author.
NI3 said...

@ Prabhanshu sir Bhel HNS Stpl @246.8 or shifted lower?
thanks a lot sir

gauresh59 said...

@ J.R.Julius,

One can earn in intraday only if he has
(1) enough capital to take muliple trades...say in 3-4 scrips simultaneously
(2) enough knowledlge for technical levels
(3) proper psychological mind set to follow disciplinary rules with patience and firm determination power without any fear and greed.
(4) capacity to act fastly.........during the trading hours

In the absence of any of the above mentioned factors....the results will be negative. Means one must be equipped with all the above mentioned factors to succeed.

J.R.Julius said...

@Mr.Gauresh,
Pranams - Thank You sir.

Squander Star said...

@JRJ

NEENGA SONNATHU ROMBA SARI... INTRADAY EXITS DEFINE THE PROFITS...
NAAN ITHA PANNAMA MISSED MANY... GOOD POINT.... PUT IN UR INPUTS.... IT GOOD

Prabhanshu Raman said...

@NI3 - Yes, but there is +ww pattern is formed which will trigger when prices close above 239.50 for 2 15 mins, see below
http://prntscr.com/3taei2

Tgts cud be 247 and 260, keeping SL at prices closing below 239.50 for 2 15 mins post trigger

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