Wednesday, June 25, 2014

Nifty Intraday Update-II


35 comments:

shriram said...

just a thought..

Monday's 75CE writers fooled the shorters.. can it be that today its the 76CE guys ? :-)

deepak pinto said...

Diamond formation 5 min getting completed
Pattern Activates below 60 and fails above 90

J.R.Julius said...

For Price Action Traders
24/06/2014 : 15:00 : 1hr Data is Mother Bar
As all other 1hr/30mins/15mins bars within the range.
Till Now.

Ilango said...

Prices have hovered above 7563, day pivot so far;

Weakness starts below 7563 towards the two key averages @ 7533-40.

Bearish scenarios open up below 7533.

Raj said...

I think if anybody does not believe in the discussion of this blog, he can simply get out of it. But no one should insult the Teachers.

sanjeev said...

MASTER
For BN HDFC sbi icici comprises around 73 percent which are unable to cross their resistances and looks week and for nifty top ten stocks which comprises around 75 percent only TCS and INFY looks strong and others weak. Even ITC has broken down. In this situation if nifty going to break out after 7620 then one should long CNX IT. is this right approach. your reaction sir.

jai bhole said...

hello sir

nifty update 12.15 p.m.

sometimesbullsometimesbear said...

@Ilangoji...great inspirational lines for reprogramming....

@anand.....LOL...that was a good one... I never knew Buffett had such a good sense of humor...

@Sunil Garg.....B+ buddy......Reprogram ur state of mind....B+....Constructive criticism is fine...but the kind of thoughts u r penning will not help u or anybody make money in the market.........

All the best and We all wish u a very profitable journey in the market.....Pls do come back with some positive thoughts....

Sunil Garg said...

Dear Pattern Trading,
My comment was not about JNSAR ,that is quite good. That’s why I visit here since long & my comment was not on JNSAR. I was talking about whole day comments, he says adapt it & I challenge prove it if you can. No personal grudge..

Mr.N ram,
I am not interested in any personal discussion with you, sorry.

Mr.Shriram,
I am not talking about your setup or anyone other setup ,I am talking about those set up which Mr.ilango gives in daily comments from pre-market to post market. Prove those 50-60 numbers, if you can prove then I will be first one to be your client on your terms. Every profit or fees talk after that only ,either its befooling practice only atleast for me now.

raghava said...

Today Low is Previous Month High.

satheesh said...

Mr. Sunil Garg - What is your problem? You are not able to earn based on his views. Yes it is never possible to just blindly follow one's views.
NOBODY who visit this blog claims that.
Be it any school college or any training institute , It is the process of understanding and applying the concepts in Practical would prove the results.

You cannot claim you have completed studying MBBS just in the 4 1/2 yrs of theory classes - they have to undergo 1 yr of internship for complete hospital training. No one can complete CA without the Article ship training. No lawyer can be successful unless they practice with a senior lawyer.

When every body are accepting all other professions - that it takes time for theoretical learning and practical learning and ready to spend 4-6-10 years in learning and then come into practice -why is it that only in this profession all wants to just be successful within days or months of even attempting to learn?? THIS HAS BECOME AN UNIVERSAL PROBLEM!!

Come into stock market and make quick gains - The most wrong perception which has literally killed many people. Then they walk off saying "the Grapes are SOUR"

Finally - Please if you are not comfortable with this platform please goaway to other wonderful platforms. Please do not voice your opinion for the sake of others.

You are not bound to this blog by any one so is the case with all - if anyone wants to get out he can very well get out.

shriram said...

@ Sunil : Why should i justify Ilango's setups. Does he need my justification? U said Ilango or his students. I am here. I am well-endowed to justify my own setups. Try me

The_Unprejudiced_Observer said...

This blog is a gem.
Just try to read ALL the posts from beginning I.e. since 2008.
And RELATE your experiences with the comments, then only real understanding of the SELF will emerge.
That will / should help evolve with the market.

Prabhanshu Raman said...

GM Sir and friends.
1st time I m reading this big comment from Sateesh mam. Mam, leave it...
Sunil bhai....if you are jnsar trader then why you are worrying about any other method. Just leave those for people like us who want to learn more. Chill man.

Sonu said...

@Shriram Sir,

Any clear patterns emerging today? I am seeing a bull flag, a bear flag and a -WW
What do you see?

shriram said...

@ Sonu:
Bull Flag valid as long as Dev.WkhiEMA holds..
-WW too small a T/f to trade

Bear flag , where ?!!

Rajagopal said...

"Shiva Puja is being performed here everyday and no "Bear" will be tolerated.."

Got it Sir. Very hot in Chennai. Beer(s) welcome.

chetas said...

Sunil Garg!

Why any one should prove it to you.

If you want to be sure, I would suggest paper trade for one month , and then come with your results.
Since you need to be convinced, dont you think it is a good idea , you do the homework yourself
Paper trading based on ilango pre market, and intraday comments.

If after that trial, you come with your observation , comments or critics , then we will talk about it.

I will tell you one observation , sir mentioned, when two days ago markets reverse :

Quote:

Ilango said...
Last fall from 7480 being retraced swiftly...
June 23, 2014 at 3:03 PM

This comment should have been enough for a trader/ student who is short to reverse/ exit his short or part book'/ trial. But whether a trader will act or not is not in Sir's control. Infact i did not act and paid heavily for that, but i did learn from the mistake.

I do not have the time to prove you, I am already convinced, if you need to be convince , you need to do the home work yourself.

gauresh59 said...

Learn to see the difference between constructive and destructive criticism

Appreciate the constructive criticism which is always related with subject, theory, and factors affecting to it.

Ignore the destructive criticism which creates distrust, confusion and negativity even for the subject itself.

- John Douglas

Sonu said...

@Shriram Sir,
Not sure about bear flag but if you count from the day low, it appears to be making one.

-WW: though on 2 min but targeting new lows in 7540-7550 range. Keeping SL at 7585 makes for good R:R trade. What do you think?

J.R.Julius said...

@Sunil Garg,
'adapt it' - whats wrong? its a high probability trading idea with 10pts/less stop mostly.
All data here are clues - maps. One can make use of it or ignore it. If one want
proof on one particular data/studies why don't he/she observe it for a month or more
to come to the conclusion instead of challenge.

shriram said...

@ Sonu: I really cant see a Bear Flag

As for the -WW , u can try ur luck.. my rule is to see on min. 30mins t/f. That way , for fixed 20pts SL, the best R:Rs emerge, even if the WW doesnt achv full tgt

Time for sappad, Bon Appetit!

Sonu said...

Bulls catching up with bears at 7600 level:
http://www.niftytrader.in/nifty-live-change-in-oi/

@ Rajagopal: Maybe that's why master said: "no "Bear" will be tolerated"

Sunil Minz said...

do not reply to one who do not understand it, this is a free blog site of sharing and we all have tested llango sir advice no one i repeat NO ONE has narrated elliot wave explanations hourly like llango sir
i have read many books of technical analysis right from martin pring to john maggie and basseti no one will give you such analysis of weakness and strength as we all know we are traders and our profession is SELL THE WEAKNESS AND BUY THE STRENGTH
llango sir just carry on please!!!

Raghavendra said...

Simple observation:

Prices are hovering in a 25 pt range since the open - which is not sustainable till EOD.
A sharp move is likely in next 1.5 hrs.

Previous 2 instances which i can recall - has triggered sharp upsides, once was in Feb and second was in April.

Need to watch if history repeats - though sample size is quite small.

chetas said...

better in the future, when a situation like this arise, we have a code word like BTIC (Better to ignore Comments ). they will think is its btst or something,BTIC BTIC...

chetas said...

@ raghvendra,

to my eyes, intraday looks like descending triangle, with 7564 as break down point,

chandiok said...

Sir is there +ve divergence in 35hr D?
Thanks

Sunil Minz said...

weakness below 7533 and strength till above 7563 buy and sell as you wish in which time frame is yours decision.
Thanks sir

Guru Krishnan said...

@Shri -- This time 76k CE are really looking for a business..IV/VOl/OI everything is in their favor

Raghavendra said...

@ Chetas,

I see a diamond consolidation pattern on 30 and hr charts. Break out / Breakdown range is 50 pts.

Sonu said...

@Guru Sir,

Means Bearish? Kindly explain the meaning of IV/VOl/OI

Sagar said...

during failures/downtime one starts doubting even their own abilities, no wonder these guys doubting masters....grow up guys! Understand this simple funda. Failures has shaken your beliefs, but counter it with TRUST, I'm sure you will come victorious one day....journey continues....

shriram said...

--> back

@ Guru : Its just 1 day left for expiry... anything goes now... Situational awareness pls :-)

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