Tuesday, June 24, 2014

Nifty Intraday Update-I


36 comments:

Chetna Jethi said...

@BHARAT,,,3rd ki feeling aayi RCOM mein???

Asha said...

Good morning Ilango Sir and all the Blog mates!

Bharat Kumar said...

@ Chetna - lol. yeah!

ravi said...

@Chetna . It looks so, what is likely target by tomorrow

BangaloreCash said...

GM Master.
Pls provide update on Banknifty.
I hv short position at 15245.

Whether to hold or exit...

Thanks

marina s rao said...

Day Low : 7515.20 Day High : 7572.10 Range : 57 Points Day Pivot : 7490 Hr. Pivot : 7550

NS above HKPC ( Hepta Kilo Penta Cent).

Currently above Day Pivot @ 7550.

Above R2 for aggressive day trades @ 7555.

NS hovering around 7560.

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

More strength above D Hema @7583.

Weakness returns below Hr. Pivot @ 7550.

BOD = Buy On Dips

BAH = Buy And Hold.

marina s rao said...

Correction : More strength above D Hema @7578.

Bharat Kumar said...

@ Ilango Sir - Is there an evening star pattern developing in Infy?

Chetna Jethi said...

@ravi--i dnt know...just riding...smiling....why to worry and hurry

Prabhanshu Raman said...

GM Sir and Friends.
Seems - +ww is doing its work. 1st tgt done at 7553, tgt 2 is 7678

ravi said...

@chetna, you are correct. entered today so bit worried :)

Chetna Jethi said...

if i go by day charts EW,,target comes quite up...lets not guess...

Chetna Jethi said...

@ravi,,,relax..stoploss bataa diya hai,,utna risk toh lena padtaa hai...uske neeche nahiin jaana chahiye,,waise toh retracements ready rakho,,us se kaam chalega

Chetna Jethi said...

look at the build up in 150 calls july in rcom

Chetna Jethi said...

technically one of the strongest stocks i can see is RCOM

Bharat Kumar said...

@ Ilango Sir - Is there an evening star pattern developing in Infy?

Prasad said...

Sir,
Nifty and BN both retraced 62% of last fall?

Ilango said...

@ Bharat Kumar,

Evening star if appeared at the end of "big upmove", it has relevance.

In Infosys, it has happened after a rally of 2880 to 3339 which is not a significant rise especially after a steep fall from 3849 to 2880.

Treat it as a "ST weakness" for the rise from 2880 to 3339 and play the "retrace".

Bharat Kumar said...

@ Ilango Sir - Ok. Thank you sir!

Ilango said...

Bullish:
7547 7537 ... is 38%-50% retrace of the last rise from …… 7493 to 7580

80% is - 7510

If strength to return again, it should be around 7547 7537

Weakness gets confirmed Below 7537 OR 7510

jayant singh said...

Good Morning Ilango Sir and friends

Sharing a Bhajan amazing lyrics http://www.youtube.com/watch?v=p6JrW8e-FP0

Viji said...

Hi Ilangoji,

Does it mean that if you are short you should cover at 7547 - 7537? Also JNSR is 7562. That also suggests you should short if price crosses 7562 downside. Please advise.

shriram said...

Random words:

This price-war, i.e trading, is primarily a war within,a war against ur own EGO , ur own MENTAL BLOCKS, and ur OWN PROXIMITY (far / near) to the REALITY OF LIFE (price in this case)

How well u know ur self , the accuracy of ur own SWOT , determines ur success in the Long Term !

Ilango said...

@ Viji,

That retrace is meant for traders who changed direction after "prices retraced the last fall from 7480 to 7442 in quicker time yesterday" - to manage their trading positions.

JNSAR traders who went long on moving past 7562 should manage their positions today with 7562 - 30 = 7532, which coincides with approx. 50% retrace of last rise from 7493 to 7580.

Viji said...

Thanks Ilangoji.

Raghavendra said...

@ Bangalore Cash,

Not a recommendation - but just my view.

Ilango sir is consistently showing 2nd wave going on in BN for 2+ weeks now and are moving in a sideways channel.

Prices retraced last fall faster yesterday.
Prices as of 11 AM closing / at open - crossed BNJNSAR / Bn J10SAR
Prices closed above HHEMA at 11 AM closing.

WHY SHORT ?


Prices today

Chetna Jethi said...

KOTAK might be near a good risk reward long trade set up..anyone has a view?

STOCK4SURE said...

7560 cmp is support of 55ema in 2 min charts.may bounce from here

BangaloreCash said...

@Raghavendra,

Thanks for your view...
I'm very new to these technicals and still learning...

With the current prices I'm not sure abt hold or exit...

Any advise will be appreciated..

Thanks

sanjeev said...

Sir Bank nifty is near resistance level of 15400 with icici resistance around 1450 sbi resistance around 2680 and hdfc bank unable to cross resistance around 830.
one should go short or wait for downside. also BN is coming from 61.8 percent retracement.

Prabhanshu Raman said...

Tatasteel triangle bo happened at 530.20 t1 541 t2 558 sl 525

chetas said...


Open high same for 12.00 candle so for, nf 7584.15 and and NS 7562.95

May not mean anything, but better to watch this, if selling comes.

Today NS, Bn , sensex open low same

mridul deka said...

Sir': is there a making of a HNS position on nifty ??? shoulrers @ 7590.

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