Wednesday, June 11, 2014

Nifty Intraday Update-III


shriram said...

BN is playing Tiki-Taaka .. a Lionel "Messi" chart :-P

marina s rao said...

Day Low : 7589.05 Day High : 7700.05 Range : 111 Points Day Pivot : 7640 Hr. Pivot : 7617

NS well above HKPC ( Hepta Kilo Penta Cent).

NS momentarily hits HKHC (Hepta Kilo Hepta Cent).

Currently hovering around @ 7620.

NS below Day Pivot @ 7640 showing signs of weakness.

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

NS wii b in BOD mode once above Hr. Lema @ 7615 in Hr. T/F.

Strength returns only above day Pivot @ 7640.

BAH = Buy And Hold BOD = Buy On Dips.

SAH = Sell And Hold

Hepta Kilo Penta Cent = 7500

Hepta Kilo Hepta Cent = 7700

anmpatel said...

BN bhi kamaal chij hai...kal wo nifty ko upar nai jaane deti thi aur aaj nifty ko niche nai jaane deti...

Stockathon said...

Thanks Sir!

Retraced exactly from 61.8% @ 7625.
Now waiting for a move towards 21 Hr Sma @ 7638

marina s rao said...

NS trying 2 go above Cluster Support 1 @ 7612-7622 for Today's aggressive trades.

Failure 2 break the above Suppport turned Resistance may drag NS to Support 2 @ 7565.

Weakness deepens once below D Ema @ 7584.

For now keep watching 7612-7622 level & Hr. Pivot @ 7617.

shriram said...

prev. swing 7216-7700 has done 8,1/2 sessions... if suspect retrace,

min.Time of fall = 0.382xRise Time = 3 days from today ?

intraday trader said...

sir 1 question which level will confirm that 5 wave or B wave completed n we r in corrective ABC wave

Stockathon said...

@ J.R.Julius

This mid point idea is a new one for me.
If it has worked for u then it must be worth considering.
Thanks for your inputs.

GANESH said...

@ Sir , Are the retracements around 80 % now a days ?

marina s rao said...

Day trend trying 2 ascertain ?

Above 7627 NS will b back in BAH mode in Day T/F.

deepak pinto said...

Short s covering again

Sonu said...
This comment has been removed by the author.
Sonu said...

7600PE writing aggressive during last fall.

Expect a close above DHEMA

Prabhanshu Raman said...

Huge addiotion in 76kpe and liquidation seen in 75 and 76k ce. Huge addition in 77k+ce
Need to see how nifty moves now

Prabhanshu Raman said...

Now above 21hrsma... seems today's low done. . 7579 saved. .
Can we expect another high? ??

Ilango said...

3.00PM TT & Chart Updated.

shriram said...

On the 30mins chart a HnS is formin... NL brk.down is 30mins close < 7600

Pot. Tgts : T1 : 7560 , T2: 7500 NS

Worth tracking tomo ... Have a nice day all !

Prabhanshu Raman said...

Sir, can we say iv over at 7589?

Prabhanshu Raman said...

Shri, not getting clear shoulder values? Please suggest

Prabhanshu Raman said...

Sir, another ques. In 1st chart, 21hrsma is turning up after going below 34hrsma? If 21 crosses 34 in upside, then is it valid scenario for fast rise set up?

Ilango said...

@ Prabhanshu Raman,

21 should be trending up: Yes
34 should be trending up: yes
21 should turn down: No
21 should turn up again above 34: No

Hence, No fast rise set up.

Chetna Jethi said...

@Prabhanshu,, if negative crossover happened with price,, it cant be fast rise....emas should not cross with price going down and then rise above the "kissing: averages....that makes it fast rise

Prabhanshu Raman said...

Thanks Sir and Chetna.
Another quest. Based on today's day candle, whether hanging man pattern confirmed?

chetas said...

closing avg running at 7627, lets see whether closes above hema.

Shriram, I was just noticing that, it seems the H&S , bear flags are all seem to be trap, like how it happened with BN., hopefully this time it works, carrying short after long

anmpatel said...

now this looks like final down leg of "c"......from 7645.

chetas said...

HEMA 7626.84, close 7626.85,

raghava said...

Nifty spot Closed @DHEMA

Ganesh Paudel said...


Bharat Kumar said...

@ Ganesh - That's Magic you know... :-D

chetas said...


NS closing price is based on last 30 mts average traded price. The adjusted price is given by exchange based on the average price.

An easy way to know what will be the adjusted closing price,

plot 30 period simple average of nifty in your trading software
in period choose 1 minute
the 30 period line will show the expected close
in settlement days, this tactic does not work , the NF last traded price is reliable on expiry day

hope this helps

Ganesh said...

Dear Friends,

I am a newbie in trading. My name is Ganesh. I started reading Elango Master's writings from Apr 14. It's a great service done by Elango Sir and all the members in educating with valuable knowledge.

Could someone explain the strategy that should have been followed and deduced at 1100 and upto 1400 hrs as per Elango Master's chart.

I am bit confused on the trend indicator four principles. Please explains in simple terms so that all the members could have clear understanding.

With thanks Ganesh

Soniya Chhabra said...

Is there any relation or similarity between the Intraday Nifty Updates and Intraday Stock Tips or they are totally different.

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