Wednesday, June 18, 2014

Nifty Intraday Update-I


21 comments:

Bharat Kumar said...

@ Chetna - Your views on RCom and Tisco pls!

shriram said...

GM Master & JN Family,

Have a gr8 trading day !

Asha said...

Good morning Ilango Sir and all the blog mates!

Sonu said...

@Shriram Sir,
-WW in 2 min NS chart?

Manish said...

Goodmorning master and all friends,

Your "b" label seems perfect.This doesn't seems to be an impulse.Only short covering yesterday.

Chetna Jethi said...

@Bharat,, RCOM is at golden ratio of the previous fall from 157.25 to 141.6. it has already crossed..EW wise,,it may the the most bullish of all waves since 106.5 rally....


TISCO..has a resistance close to 545-555..thats should eb the target with retracement stoploss , if you are long from lows of 515-20...i mentioned the trade day before

Bharat Kumar said...

@ Chetna - Thanks! :-)

Ilango said...

Current upmove started from 6489;

1st move ended at 7553, followed by a correction to 7509

3rd wave is unfolding in 5 sub-waves, the (v)th sub-wave unfolding presently after which there would be a consolidation during which 7615 may act as a support preferably.

After the correction, the 5th wave would unfold.

Market can choose to make a diff. path; hence, follow the last rise retrace.

3rd wave being the largest, the retrace would be of 38%-50%.

ITradeForProfit Daily said...

@Master,

Has Nifty retraced 80% of the fall from 7700 to 7488 when it surpassed 7658, or do we wait for further confirmation?

ankita said...

Aaj kuch toofani honi hai.

Manish said...

May I correct the above master...

The current move started from 7489.1st move ended at 7553, followed by a correction to 7509

3rd wave is unfolding in 5 sub-waves, the (v)th sub-wave unfolding presently after which there would be a consolidation during which 7615 may act as a support preferably.

After the correction, the 5th wave would unfold.

Market can choose to make a diff. path; hence, follow the last rise retrace.

3rd wave being the largest, the retrace would be of 38%-50%.
June 18, 2014 at 10:45 AM

Squander Star said...

Good Mrng Master and Friends...

Happy Day Guys

herry said...

dear sir
Current upmove started from 6489; (7589)

Ilango said...

@ herry,

Manish has corrected it - it is 7489.

Sonu said...

38% to 50% retrace of 7509 to 7663 comes at 7604 to 7586

sometimesbullsometimesbear said...

@Toofani tho hona hi hai......

Guru ko jo Makar rashi mein pravesh hona hai kal pratahkaal mein......The greatest astro event of this year......Guru tho Guru hai......accha hi karega....acche din jo aaye hain....:):)

Sonu said...

Both Puts and Calls liquidating @ 7600 strike with the current fall.
http://www.niftytrader.in/nifty-option-oi-trend-intra/

What does it mean?

Sonu said...

62% & 80% of last fall from 7663 to 7631 is 7651-7657

ITradeForProfit Daily said...

@Master,

Anticipating reply to my question please.

Thanks

satheesh said...

Namaste Ilango sir and all,

Bull flag in 5min Tatamotors Fut. Breakout above 442.5 (futures).
Tatamotors spot 10DMA @ 440.2 and spot 5 DMA @441. Fast rise possibility bewteen 5DMA and 10 DMA.

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