Thursday, June 19, 2014

Nifty Intraday Update-II


34 comments:

shriram said...

@ guru: yes. Sanjay's page is the best. I was thinking u have given a live link for min. wise MP data , hence asked

@ Sonu: recalling ysdays disc. ideal pt 5 is 7480-85 NS

And the Value Area fills :-)

STOCK4SURE said...

ns below 7519...lower T/L of contracting triangle

ITradeForProfit Daily said...

Nifty from ND Sir's ATR Sell Zone to now in ATR Buy Zone.

marina s rao said...

Day Low : 7502.55 Day High : 7606.45 Range : 104 Points Day Pivot : 7579 Hr. Pivot : 7548

NS ready 2 breach HKPC ( Hepta Kilo Penta Cent) downside.

NS below cluster support @ 7512 - 23 for aggressive trades. Next support @ 7460.

Currently hovering around @ 7515 & below Hr. Pivot @ 7548.

NS well below Day Pivot @ 7579 displaying strong weakness.

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

Strength above Hr. Lema @ 7544 Hr. Ema @7558 & D Ema @ 7566.

SAH = Sell And Hold

Hepta Kilo Penta Cent = 7500

STOCK4SURE said...

a contracting triangle also developing in BN charts

BN has some good supprt in 14960-80 range and from here may move up towards 15350 till tomorrow and then again may fall sharply in coming week(expiry may delay fall)

J.R.Julius said...

Cámáríllá Levels can be watched Now
Nifty Spot
L3@7518 ↑
L4@7477 ↓

shriram said...

look @ NF, 11Lacs OI adds.. tats 7.8% up .. may see another 30-40 pts down if it stays so ??

Bharat Kumar said...

lol.. High resistance to fall down! :-P

Ilango said...

Micro manage with the last fall retrace from 7571 to 7503.

anmpatel said...

@master
can we assume that from 7700
7700-7590-7674-7488=A
7488-7553-7510-7663=B
and from 7663-7516=a.C, 7516-7612= b.C and now c.C (it could be 200 point appx if A=C) is going on? can it be confirm with hrly trend indicator turned up and triggered?
thanks.

STOCK4SURE said...

A Larger Contracting Triangle also developing in BN 20 day charts

15500 and 14800 are levels to watch

break either side may give 900 pts in that direction

16400 or 13900 in few sessions after expiry

marina s rao said...

NS trying 2 b above D Lema @ 7523.

Hr. T/F in SAH mode.

7523 is the key number now.

rashmi said...

illango sir can u tell me where will we have expiry.i hv 4 lots nifty 7500 pe sold.

ITradeForProfit Daily said...

NF premium expanding gradually.

Ilango said...

@ rashmi,

I do not follow OI which could guide to some extent. Even the OI changes if prices trend in a particular direction strongly.

The upper band has given way to "trade in the lower band"; hence, if prices are held below 7540-70 zone, it is likely that prices could move towards 7350.

We follow prices on a day-to-day basis and this is a broad trading range and 7500 happen to be right in the middle.

7500PE having Highest OI but 7300 see some heavy activity as posted by some readers.

In a trading range, take profits whenever prices reach resistances/ away from your number on the upside.

rashmi said...

thank u sir.will keep that in mind.what is increasing premium in nifty future indicative of?

Prabhanshu Raman said...

Shri, +ww triggered in 5/15 mins nifty? I think yes

Sonu said...

@Ilango Sir,
1 more low should complete a 5-wave from day high. That could be a good entry.
Am I reading it right?

herry said...

dear ilango sir my count
7700-7488 ( A) 213 point
7488-7663 ( B ) 176 point
7663 of c unfolding
7663 - 7516 (1)
7516- 7612 (2)
7612- 7540 (i)
7540- 7606 (ii)
7606- *** unfolding... large C..?

marina s rao said...

Day Low : 7502.55 Day High : 7606.45 Range : 104 Points Day Pivot : 7579 Hr. Pivot : 7524

NS holding HKPC ( Hepta Kilo Penta Cent).

NS above cluster support @ 7512 - 23 for aggressive trades.

Currently hovering around @ 7520 & near Hr. Pivot @ 7524.

NS well below Day Pivot @ 7579 displaying strong weakness.

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

Strength above Hr. Lema @ 7530 Hr. Ema @7547 & D Ema @ 7561.

SAH = Sell And Hold

Hepta Kilo Penta Cent = 7500

Ilango said...

Sonu,

It could be a 5 OR wave sub-divides...

EOD day technicals are down; tomorrow TA of week will generate a new signal or maintain the current one.

7300-7700+ is a large trading zone. Many possibilities exist but we make a plan for each day and follow.

marina s rao said...

NS above cluster support @ 7512 - 23 for aggressive trades.

Currently hovering around 7520 & above Hr. Pivot @ 7524.

NS well below Day Pivot @ 7579 displaying strong weakness.

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

Strength above Hr. Lema @ 7530 Hr. Ema @7547 & D Ema @ 7561.

Sonu said...

Thanks Sir. Wave subdivides is a possibility but considering hourly RSI nearing OS level (assuming it is a correction only) I think it would be a good R:R entry

Ilango said...

@ Sonu,,

What if the "b" completed at day's low 7503..!!!!

Sunil Minz said...

@anmpatel
i totally agree with point and market may move upto 7430 but C suld be impulsive and must have 5
and we are in 2 of C or 3rd already started if you are right then this correction will complete near lower
trend line if you can answer me.

J.R.Julius said...

@Sujatha,
H3 -> L3
Now retrace from L3....
As u said: CAM i nammbinaar kaividappadaar. :p

Sonu said...

@Ilango Sir,
Yes Sir. In that case, no more lows. So the trade could be BOD with SL as DLEMA - 30. Whether we make a new day low or not it would be good R:R trade. Right?

marina s rao said...

NS above cluster support @ 7512 - 23 for aggressive trades.

Currently hovering around 7540 & above Hr. Pivot @ 7524.

NS well below Day Pivot @ 7579 displaying strong weakness.

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

BOD mode in Hr. T/F changes 2 SAH mode below 7530.

Strength above Hr. Ema @7547 & D Ema @ 7561.

Ilango said...

Retraced last fall upto 73.6%-7553, kept below 80%-7557.

SAM said...

Midle channel line is not ready to give up :)

marina s rao said...

NS well above cluster support @ 7512 - 23 for aggressive trades.

Currently hovering around 7550 & well above Hr. Pivot @ 7524.

NS below Day Pivot @ 7579 displaying weakness.

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

BOD mode in Hr. T/F changes 2 SAH mode below 7530.

More Strength above D Ema @ 7561 & Hr. JNSAR @ 7570.

Nanda Kumar said...

Ilango Sir & Friends, Do anyone see +WW on a 10/15 mts chart, which suggests upside above 7565 ?

Thanks

Sonu said...

OI table is not aligned with this rise:
http://www.niftytrader.in/nifty-live-change-in-oi/

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