Friday, June 27, 2014

Nifty Intraday Update-II


36 comments:

ToT-Amit said...

Master,

Pls share your view on TataSteel and SAIL,

Can a Long position be entered here for holding time of 7-10 days.

jai bhole said...

silentmovers4u.blogspot.in

ToT-Amit said...

Prabhanshu,

on which timeframe u found hns in Tisco.

Prabhanshu Raman said...

Bhel- big bear flag in making. Break down below 242, t1 227 sl 250
242 can act as good support also

Ilango said...

@ ToT-Amit ,

As stated earlier, Tata Steel is in a corrective mode.

Look for a trend change in day T/F to initiate a trade with a SL.

Sonu said...

Thanks Master!

deepak pinto said...

Close of the hammer broken

sometimesbullsometimesbear said...

@traders psychology and state of mind.....

Besides price action....there is a lot to learn here about "Trader Psychology" when people discuss their trades or bias for a trade or a stock or the tendency to find affirmative opinions from fellow traders or affirmative news to buttress their trades....

For eg...a trader is ready to short an uptrending stock but not willing to buy into an uptrending stock......Mind programming mystery....

Jai Bhole.......Jai Bhole...!!!.....:):)

shriram said...

BHEL : on Day TA also can be a pot.Bullish Pennant Brkout ??!!

http://prntscr.com/3wy3ml

Prabhanshu Raman said...

Tisco hns :
http://prntscr.com/3wy4j2
Bhel bear flag:
http://prntscr.com/3wy4j2

jai bhole said...
This comment has been removed by the author.
Aly said...

Banknifty has broken below the trendline connecting lows after 16th May???

ravi said...

sir niftyis ready to break 7481.

sometimesbullsometimesbear said...

@Jai Bhole...comment was not for u......:):)...just liked ur nickname....it also coincides with a mantra (supersoftware code)....:):)

Ilango said...

A 5 sub-waves done from 7532 to 7482.

Ilango said...

7501 7507 ... is 38%-50% retrace of the last fall from …… 7532 to 7482

80% is - 7522

If weakness is to return, it should be around 7501 7507

Strength gets confirmed above 7507 OR 7522

STOCK4SURE said...

a small bullish WW may develop in r com charts

msy dip below 144.3 to form pt5

trgts 147.3 till monday

in 15 day charts a larger WW is developing with trgts abv 170

STOCK4SURE said...

r com at 144,25 may have formed pt5 or may form a bit lower

trgt 146.00 near 2.00pm

and 147.3 till eod or monday open

Raman Kapoor said...

@Prabhanshu,

Could you share your thoughts on IDFC also when you have time?

Thanks

Prabhanshu Raman said...

@Raman, sure.

Nifty - bear flag in 5 mins??

jai bhole said...

not deleted bcoz of u it was by mistake i and my team have confidence in our analysis
so do not care 4 any body's comments.
i am new to blog and comment writing so learning
i have chosen this blog as i am a silent follower of Ilango sir from my initial days of trading and have learnt that views on mkts can be shared here.

STOCK4SURE said...

weird thought
today being friday and considering intraday range of 100 odd pts then ns may probably test either 7580 or 7440

jai bhole said...

nifty update on blog

Unknown said...

10 sma@ 7484. 25 sma @ 7577. breakdown or breakup at dese levels only

shree said...

Master,
I am long as per 50/61% entry rule with 80% SL....long @ 7518 yesterday..and 80% 7472 not breached......can I hold or exit before getting SL @ 80% ....(7472)
guide me please......

J.R.Julius said...

Yesterday Low Tested
1 hr key data 7507+ or 7482-
for price action trader.

Ilango said...

@ shree,

I have shown you my reasoning behind taking up each trades along with the "Bias".

For you:

If prices move past 7507 immediately, minor strength. More strength only above "7513 & 7522".

My view is clear.

Are you confident in your view.

shriram said...

--> back

Decepticon rise. may be 1 more LL to 7450-70 NS, and then a huge rise is on ?

shree said...

so better to wait for SL....right.....though it is trading below key averages, reversing position is not suggested I think...this is confusion ..so asked....please clear me if I am wrong

Ilango said...

@ shree,

I never suggest to keep a trade more than 20 points SL.

Please have your trading plan "fully ready...fully prepared" and then initiate trades.

Do not jump in and then "ask questions"- that is not a way to develop as a confident trader.

Market is just ruthless. Please.

If you are not sure, don't take a trade.

shriram said...

Master, To EW eyes, the suspect "y" leg down from 7593 can last for how many sessions in toto , as a 1time guesstimate ??

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