Monday, June 30, 2014

Nifty Intraday Update-II


40 comments:

Prabhanshu Raman said...

Resisted at dhema+30 ie 7604

sudharsan said...

@ Master your Views on ICICIBANK pls

Best Nifty said...

Sir premarket 7605 day channel top still valid?...thanks

Stockathon said...

Dear ilango sir,

For the Day, earlier we used DHEMA + 20 and now it is DHEMA + 30 points.
Similarly for Week it was WHEMA + 40.

Kindly tell what should be the new filter for Hi-Lo EMA's for both Week and Month t/f's now ?

Guru Krishnan said...

Now the mid point is @7604 and its exactly the top till now.. by 1.00 pm lets c if this taken out by bulls or bears..

Ilango said...

@ sudharsan,

I give stock views only if time permits; Though the trend is down as per TT on Fri EOD, there is a reversal from Hour T/F; You must factor in these ST swings whether they affect the Day trend by EOD.

Sonu said...

@Guru,

Could you pls explain the below in more detail. How do you calculate 7603? Or pls share the example in excel, if possible. Thank.

"Same way take the top 5 traded (volume) of calls and puts and derive the Resistance and supports and its Mid point is always the resistance or the support for the day... at present it falls at 7603"

Ilango said...

@ Best Nifty,

7605 is the day channel top(consolidating bull flag) for today.

Ilango said...

@ Stockathon ,

Yes; we changed to DHEma + 30 lately.

For week, it may be WHEma+60.

For month, we're yet to understand the range.

Guru Krishnan said...

@Sonu --- here are the steps..

1. Take the top 5 volume in calls and puts and place it in Decending order (highest to lowest)
2. Check the respective OI
3. Multiply the OI with respective strike...
4. Sum all the products of calls and puts separately
5. Sum all the OI of calls and puts separately,
6. Now for resistance -->> (Divide (sum of products (OI*strike of call)) by (sum of OI of top 5 calls))
7. Same for supports with Puts
8. MID POINT = (resistance+support)/2

Let me know if you have any doubt.. today it coincides with DHEMA+30 so strong resistance...

ravi said...

Sir, how to find out next resistance zone if NS trades above its R1 & R2.

Ilango said...

DHEMa+30 would be "7612".

Sonu said...

Thanks Guru,

It's clear. But won't this number change frequently?

Stockathon said...

Thanks a lot Sir!

7648 ~ 80% retrace for 7700 - 7443

7623 ~ WHEMA + 60

So 7623-7648 could still be considered as a Sell range Sir ?

Ilango said...

@ ravi,

R3 for the day is 7623 as per Pivot point calculator

Guru Krishnan said...

Sonu --- Nope, unless there is a huge change in OI... have a look at this number after 9.30am.. it has lot of prominence.. Heavy algo trades get done in the open itself.. this can help to understand the trend .. so you can plan the trade accordingly..

Ilango said...

@ Stockathon,

Whether it's going to be a sell zone would be decided based on the developing "Hour & Day technicals... No guesses presently.

The_Unprejudiced_Observer said...

@Guru,
Interesting observation shared by you.
In your experience how much reliable you have found that?

ravi said...
This comment has been removed by the author.
Raghavendra said...

@ Sudharshan,

I follow BN along with its heavy weights.

ICICI Bank closed below WLEMA on 27th June. Today is Month closing day and Dev. MHEMA for June is 1398. Month trend assertion in progress.

Closing above WHEMA by end of this week will trigger reversal to larger UP trend.

Guru Krishnan said...

@The_Unprejudiced_Observer : Many times it works.. in SWOT of this trade I see the W as it needs hourly confirmation for conservative traders..for aggressive traders 15 min works..

sudharsan said...

Thank you @ Raghavendra

Guru Krishnan said...

At present Resistance is seen as 7833 and support 7375 with mid point as 7604 with PCR as 0.73.. still bearish to neutral... either PCR has to go above 0.88 or 7604 should be taken out...

Guru Krishnan said...

Your welcome @Sonu :)

Sonu said...

@Ilango Sir,

Bull flag taking shape of rising wedge?

Stockathon said...

Thank you Sir!

Will follow the price and watch the developing Hour and Day TA.

Thanks once again!

Unknown said...

TCS seems 2 have dun its Run. max 10-15 POINTS UPSIDE POSSIBLE. BUYING 2300 N 2350 PUTTS SHUD B A GOOD IDEA CURRENTLY

Unknown said...

Sir any views on TCS ????

Unknown said...

TCS intraday Lows possible below 2412

shriram said...

--> back

July NF has added 10.3 Lac+ contracts Intra ... such new money being added, suggests Buy Pressure is on... can expect 7650 NS by EOD , maybe to finish of WW T1

WW T2 s @ 7780 NS.. does not seem likely today


DR.SGM said...

Dear sir,eventhough it lacks complexity,can we consider it as abc of B ,from 7442 to 76xx.thank you.

Guru Krishnan said...

For all the "WALL" fans.. --->>> Rahul Dravid to be the batting consultant for the tour of England...:)

Excel Punter said...

Thanks for clarification Sriram. Do you manually plot data of price moving above DHema? Or have you automated it? The former method, i guess, would be cumbersome, unless you closely follow prices on a daily basis.

Unknown said...

most IT stocks seem 2 b Highly Overbought barring Infy

shriram said...

@ Excel: auto. hv kept it under wraps for now, as there is much more explore in the Guassian curve.
Hope to profit from the IP, down the line

Price if seen & plotted stand alone does not follow the Bell curve, but with certain transforms, it does approximate the Guassian Distr. & these can be tweaked per MARKET MODE (corrective or Impulsive), to give H-prob Statistical guidance once seen in consonance with Wave Quality & OI behaviour

Pl read EHLERS --> ROCKET SCIENCE FOR TRADERS for more

intraday trader said...
This comment has been removed by the author.
Unknown said...

Sir any views on TCS plzzzz

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