Tuesday, June 24, 2014

Nifty Intraday Update-II


29 comments:

Ilango said...

@ sanjeev,

There is a retracement is on for the last rise from "7493" in Nifty; Intraday players, if experienced could take the trade. It applies to BN too.

Confirmation of a reversal comes from EOD prices only.

Oversold technicals have produced a rally; sustaining the critical retracement levels is crucial for its continuation; such tussles provide for trading opportunities for intraday.

shriram said...

Hi-prob Bull Flag forming intra , holding 7540-50 NS, can do 7600-7650 NS

mridul deka said...

Sir' is there the makin of a HNS position on Nifty ???? shoulders @ 7590 future for trgt 7460

Arjav Patel said...

we short for this level 7560 ?

Sonu said...

Nifty PCR sharply up since yesterday but still below 1.

http://www.niftytrader.in/nifty-intra-pcr/

7500 becomes the strongest resistance for now. but 7600 Calls holding too.

Rest as Master said, likely to remain in trading range.

mridul deka said...

me thinks a SUDDEN Selling like;y shortly

The_Unprejudiced_Observer said...

A long consolidation since 9.45 AM

The_Unprejudiced_Observer said...

@ mridul deka
Sudden Rise possible?

Sujatha said...

GA sir nd friends :)

Julius - hi...

sudden flat possible??? !!! hope nobody heard this "ever before" lol hehe :D

Raman Kapoor said...

Dear Sir,

Do you see a flat correction unfolding from 7580?
7580 to 7553 looks like 3 waves, 7553 till 7574 also looks like 3 waves.

Thanks

The_Unprejudiced_Observer said...

@ Sujatha
Yes... That was Suddenly Sujatha !!!!!!!!!

Ilango said...

1.00PM TT & Chart updated.

Correcting time suggests of "correcting for 7442 to 7580 rise".

Holding "7558" would mean a shallow correction-more bullish. If not, deeper correction.

Ilango said...

@ Raman Kapoor ,

A flat correction could take it to 7547, approx.

Raman Kapoor said...

Dear Sir,

Are there any fibo relations in terms of time taken by corrective and motive waves?

Thanks

J.R.Julius said...

@Sujatha,
Fancy position closed & reversed with July contract.
Boss - Adding:::
Watching 5min bar to sustain 1hr High 7568+++
or more retrace flat/ellipse/anything after 7553---.
Till TSL & Zzzzzzzzzzzzzzzzzzzzzzzzzzzzz

Ilango said...

@ Raman Kapoor ,

Know this:

Market is a highly "imperfect place" and it can make any kind of forms.

Head & shoulder fails often as it belongs to a generation of the past.

Leading diagonals used to be rare earlier but now, they frequent.

Understand this flow of change happening in a subtle way using few studies of your choice to follow the market...

Ilango said...

Now, monitor the retrace for the "last rise from 7565 to manage the Intraday trades".

shriram said...

--> back

Master,

The 0-b line is ruffly comin @ 7620-25 NS, major thrust above that to EW eyes sir ?

shriram said...

BNS has formed a i-HnS on Hr.. Tgt is 15,800

Ilango said...

@ shriram,

Above 7600, bull flag break-out as per the first chart.

Next channel res. @ 7630-45 as per the second chart.

EW has two possibilities - labelled in 2nd chart.

Moving past the next resistance line in 2nd chart will change it.

ST reversal is adding strength slowly; next step is EOD.

Squander Star said...

@ Shriram

Time frame for BNS i-Hns Pls

shriram said...

Master , Tks !

@ Squander : Hr TA

shriram said...

can check here

http://prntscr.com/3vxsc0

Sujatha said...

julius - araicha mave-dhan araikudhu..."50 dhilum asai varum" ada sivaji pattu illappa - ()nifty future pattu )7650 meladhan attam...illati...mavu pulikum

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

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