Thursday, June 5, 2014

Nifty Intraday Update-I


38 comments:

Kiran said...

Do we have ABC completion from 7425 (3rd June high @ 2)

Prabhanshu Raman said...

GM Sir and friends.
Rcom bo happened above145 , t1 150 t2 158 sl at 142.5
San, for hcl tech, if day closed below 1333 today as well then it will be highly bearish

shriram said...

GM Master & JN Family,

Some Random Thoughts that came up...

What are we doing in Tech. Analysis scientifically speaking ..

Aren't we simply modelling the speculative behaviour of Valuations ?
What is "BHAAV" ?
Its a number reflecting Present Supply meets Demand equilibrium (as of NOW). This equilibrium is based on FUTURE Expectation of the Buyer & the Seller at that moment in time (psychology)

So what is a PRICE CHART then ?
Its the plot of Expectation (psychology) of Buyers & Sellers @ different pts in time.

What are we analysing then from such TIME PLOTS ?
We are analysing PATTERNS formed by such Expectation... The assumption is that these PATTERNS Repeat becoz Human Speculative Psychology is generally constant..

By modelling Repeatable , Hi-prob Behaviours , we hope to be in a position to profit..

TA is then simply put, the GRAPHICAL ANALYSIS OF SPECULATIVE BEHAVIOUR .... the Modelling of the Speculative Foam & Froth , long after Price has attained escape velocity & left behind, the gravitational (logical value for money) pull of the Book Value of the scrip.

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Have a gr8 trading day !

prakashbkc said...

GM Master,

Any view on RIL as it dipped from 1145 to 1060 nearly 10% drop Is it right time to buy?

prakashbkc said...
This comment has been removed by the author.
anmpatel said...

@shriram
100% agree....
so is the EW...humankind behaviour...

Ilango said...

A simple "abc" should limit the rise to 7389-94.

raghava said...

Taken support @ 5EMA 7360

Squander Star said...

@shriram

AWESOME ! CHEERS

J.R.Julius said...

Sir,
Now 80% applicable with 7405+

Anandha said...

Sir ji, Prices are well below DHEMA, HRHEMA. With Hourly and Daily indicators are over sold. Having last week weekly bearish engulfing bar, can we expect a weak trend asserting attempting to touch weekly Low EMA once the Week HEMA broke down?

Stockathon said...

Good Morning Ilango Sir and Friends...

Ilango said...

@ Anandha,

Though weekly generated "Sell on rises", we have seen the follow up missing in strong trends. Besides prices are quite far away from WHEma. However, the sell on rises has happened when prices reached the channel top.

If prices hold either 7339 or DLEma, uptrend could resume moving past the 80% of last fall.

This is a critical stage whether corrections are of shallow nature or deeper kind.

Ilango said...

Staying above 7389 displays strength...

Bharat Kumar said...

@ Chetna - Targets for Rcom pls!

Bharat Kumar said...

Chetna - Thanks! :-)

Stockathon said...

NS above CAM L3 @ 7391
But 7391 comes in the selling zone as per retrace of 7415-7361

sometimesbullsometimesbear said...

@Shriram...."Expectation (psychology) of Buyers & Sellers @ different pts in time...............Price has attained escape velocity & left behind, the gravitational (logical value for money) pull of the Book Value of the scrip"

I like the way ur thought process works......out of the box.....Very interesting....Good stuff to munch on and think on the beach today evening............Thks a lot buddy.....:):)

Asha said...

Good morning Ilango Sir and all the Blog mates!

Prabhanshu Raman said...

Stockathon, if you are firm believer in cam then no issues. This system helps you to take profit and stop losses via sl. It generally works against the trend to catch quick gains.

shriram said...

75 CE has the highest Gross OI ... 74 strike PCR is < 1 ... need to see how this develops

@ SB : Tried to keep an open mind, but then my brains fell out ;-)

Cu guys later, good day!

anmpatel said...

@all friends
is there any legal procedure if your broker square off your position by mistake/careless ness?

anmpatel said...

@master
5 done from day's low?

Prabhanshu Raman said...

Sir, I am in dilemma. This generally happens during trading time. Need inputs.
Based on last retrace I m expecting that nifty may go down. But at the same time Rcom gave break out. Now not able to decide whether I shd take position in rcom or not thinking that if nifty goes down then rcom may also dip and can buy it later at lower value rather than now. What to do in this kind of situation

sometimesbullsometimesbear said...

@AMP...

During the 1998 days the staff at my broker's office used to switch client codes and shift their loss making trades or lesser profit making trades to some other client book.....and then give some bolbachan to the client while confirming the trade after market hours on the phone.... I dont know whether this is still possible today or whether they still do it today.....or whether ur trade matches this broker mischief.....

U can check ur trade on the NSE website if it helps.....

Legal options....just forget it if it is a small amount.....Better use that energy and effort on trading rather than lousy justice system......

During the 2008 crisis Sharekhan had a tough time battling such cases where they had forcibly squared some HNI positions.....Dunno the outcome of these cases...

STOCK4SURE said...

BN has res near 15272


anmpatel said...

@SBTSBT
no that was not that kind of bluffing...he was putting SL in diff a/c holder's account. he also put sl in my account in morning fall sl hitted so he called up me....and amazingly i bought at lower price as it was JNSAR position only 2 lots....actually he made me some profit which i could not made!!!
but this kind of mistake can harm also na....that's why i was asking...

Stockathon said...

@ Prabhanshu

I'm more of a JNSAR trader, but once part booked I have to take help from other TA methods for re-entry.

Along with Sir's Hi-Lo Ema method, I also like to trade based on Camarilla.
And after seeing J.R.Julius back with his CAM levels thought of taking a trade based on it.

Also today's CAM L3 is at 7391 and Sir said strength above 7389, so it helped to go Long (in the direction of Trend)

Ilango said...

@ Prabhanshu Raman,

Nifty is in corrective mode only, not in downtrend.

Stocks will follow the main trend as per ther TA

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

@AMP.. Relationship officer ko maaf kardo...galti hoti hai....contingency fund me adjust kar deneka....:):)...

Better still try feeding the orders urself .....If u are in the op theater with sodium pentothal syringe in hand....u can tell the lovely nurses to feed ur order for u....:):)...Just kidding...:):)

Prabhanshu Raman said...

Thank you sir.
Stock- agree with you.
Nifty may touch 7412 (resistance line in 5 mins) and then come down near 7392-7395. From days low its moving up in channel

shreya puneeth said...

Any breakout in DLF above 225? for target 260

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

@SBTSBT...
ha...ha..ha...good idea will try....

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