Friday, June 20, 2014

Nifty Intraday Update-I


23 comments:

chetas said...

NR 7 developing,

Arjav Patel said...

We have to short nifty at 7549 ?

chetas said...

the last hour NS candle range was 22.10 pts , the lowest range for the last 14 candles, i do not know whether this is relevant, in hr frame

Prabhanshu Raman said...

Just word of caution to shorts, hrly close is above hr jnsar for 2 last hrs

Raman Kapoor said...

Dear Ilango Sir,

The 5-D stochastic turned up on Wed. and triggered yesterday. With the hourly technicals improving, do you see the weekly trend asserting later today?

Thanks

Sonu said...

Good Afternoon Ilango Sir,

Based on your guidance on 2 EW options 'b' or 'c' running ': Form wise it looks more like a 'b' running. What is your preferred EW view now?

ITradeForProfit Daily said...

@Raman Kapoor,

Since yesterday late afternoon, Nifty is preparing for weekly trend assertion. That is my point of view.

marina s rao said...

Day Low : 7520.10 Day High : 7560.55 Range : 45 Points Day Pivot : 7550 Hr. Pivot : 7548

NS holding HKPC ( Hepta Kilo Penta Cent).

Currently hovering above Day Pivot @ 7550.

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

Strength above D Ema @ 7560 & Monday's JNSAR @ 7571 .

Weak below D Lema @ 7530.

NS below Week Pivot @ 7589 indicating weakness & moving below W Hema @ 7547 more weakness.

Will Week trend lifts NS 2 cluster resistance @ 7571-89 for aggressive trades ?

Next 2 hours will decide.

SOR = Sell Ond Rises.

BOD = Buy On Dips.

Nanda Kumar said...

Dear Ilango Sir & Friends,

Major sideways corrections have lasted for 9-10 days in the recent past (6600-6800 and 7200-7400 range). Today is 9th day of sideway/zigzag movement and we can expect either way confirmation today or on Monday. Makes sense?

Thanks!

GANESH said...

@ Sir , GA .. If NS closes above 21 Hr SMA , with 21 and 34 converging , is it a buy with a SL of 25 points ?

marina s rao said...


NS Weak below Hr. Lema @ 7530.

Ilango said...

Daily parameters such as S.Macd & 9 Rsi are bearish...

Prices below 7589 bearish aggressively..

Ilango said...

The struggle is to save "7547"-WHEma by bulls..

Sonu said...

@Ilango Sir,

Do you see a contracting triangle developing in 2 min chart with target close to 7600? Breakout above 7565.
Perhaps to complete a 'c' - OI also supports the view with 10lac addition in 7500PEs.

J.R.Julius said...

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Ilango said...

@ Sonu,

That is not a contracting triangle;

my only observation is "even the lowest of pre-mkt res @ 7571 has not been reached"..?

Ilango said...

And the mkt has answered the question - "underlying technical weakness".

marina s rao said...

NS breaks W Hema @ 7547.

More weakness below Hr. Lema @ 7530.


Ilango said...

I haven't answered any EW Q's because "the sideways mkt action and continuing possibility of b-wave" which leads to choppy moves.

anmpatel said...

@master
at which price we can say "b" over and final "c" down starts....below 7488?
thanks.

Squander Star said...

Master

developing day low ema for banknifty pls...

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