Tuesday, June 24, 2014

Nifty Intraday Update-III


60 comments:

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

From the intraday low of 7553, 4th almost done and 5th unfolding..

Intraday weak below 7576-80.

Raghavendra said...

For BN traders :

BN closed above HHEMA since 10 AM this morning and closed above Dev DHEMA as of 2PM closing. Critical numbers as below.

Dev DHEMA = 15293
HHEMA = 15287

STOCK4SURE said...

will nifty test 7538 intraday today??????
..confluence of emas in 30 min charts
i guess nifty may find difficult to break abv 7600ns intraday
ns near 7590(

J.R.Julius said...

@Sujatha,
hmm... yaarukku theriyum adutha ganam enna nadakkumnu...
namma kamal sir sonna maathiri.... :))
Longla irukkumpothu siroda 1hr channel paatha konjam beeethiyaathaan irukku.
ayways strictly tsl. not feeling well. bye for the day.

Sonu said...

Bullish: 7500PE and 7600PE have combined addition of over 50Lac OI.

http://www.niftytrader.in/nifty-live-change-in-oi/

Disclaimer: The OI has been, in last few days, more of a lagging indicator than leading.

Ilango said...

If irregular flat unfolding with "b"@7593, "c" should end around 7555-60.

shriram said...

yes, tats a gr8 obsv. master, the oscill is dancing crazy + OI is turning bullish !

STOCK4SURE said...

will nifty develop into a bearish WW till expiry and after
may have formed pt3 at 7592 today
may form pt4 near 7520-7500 tomorrow
pt5 on expiry day near 7610
and then below 7400 next week

Ilango said...

Fast rise set up unfolding in day chart between 5 & 20 dsmas.

Ilango said...

Intraday strength returns above "7585".

Sonu said...

@Shriram Sir,

Though OI turning bullish but volumes for the day are not impressive for a 3rd wave 100 point rise in Nifty. Less participation.

http://www.niftytrader.in/nse-stocks-volume/

shriram said...

@ Sonu: Ur link itself confirms the Vols today !

"volumes for the day are not impressive for a 3rd wave 100 point rise in Nifty. Less participation." .. Pls specify how much Vols is Sufficient ?

Ilango said...

Weakness below 7555-60 suggests of "b" completed and "c" unfolding as shown in 2nd chart.

raghava said...

JNSAR+30 Resisted?

ankita said...

good call stock4sure, keep it up. ns never crossed 7593, it means chances of ur pt formed.

shriram said...

ok.. so things r changing on the fly.. time to be alert , anything < 7530 NS is bad for Bulls ...

Sonu said...

@ Shriram Sir,
Only 15 stocks trading with above average volumes. Remaining 100+ stocks trading with below average volumes.

Compared to the last rise ... much less. During the last rise, we saw 7-8 times average trading volumes for breakout stocks.

My understanding is: 3rd wave should have a broader participation from participants as well as stocks.

Correct me if I am wrong.

Hitendra said...

BN slides .... again !

Ilango said...

7536 7518 ... is 38%-50% retrace of the last rise from …… 7442 to 7593

80% is - 7472

If strength to return again, it should be around 7536 7518

Weakness gets confirmed Below 7518 OR 7472

shriram said...

@ Sonu: I dont know Honestly, as i hv never tracked Vols beyond Today vs Ysday type or to make sense of the Pattern (consol. / continuations have low vols, etc).

Let me obsv a few days b4 stating wid DATA to back the View.

marina s rao said...

Day Low : 7515.20 Day High : 7593.35 Range : 78 Points Day Pivot : 7490 Hr. Pivot : 7583

NS above HKPC ( Hepta Kilo Penta Cent).

Currently above Day Pivot @ 7490.

R1 for aggressive day trades @ 7525-36 to support NS in this fall.

NS hovering around 7540.

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

Strength above D Ema @7562.

Weakness below D Lema @ 7543.

SOR = Sell On Rises

SAH = Sell And Hold.

ankita said...

I have just taken long from yesterday. and will not change.
1.@ fast rise set up unfolding
2@ weak below 7556-60 as "b" completed and "c" unfolding.
3@strength above 7585.
so better sit away. because if goes down then wow, if goes up then also wow.
i cant understand master. so quit. so many options.

Sujatha said...

julius - neram ketta nerathula 'not well"??? :P CAM - a KOKKA!!!! this month is trader's paradise?? it's sooooo "fancy no" :) :) get up from bed

adutha ganam enna nadakkumnu... - very true..today is "pradhosham" eashwaraaaaaa

Share & Be Sure said...

Overall trading volume is at ALL TIME HIGH today !!

herry said...

dear sir now jnsar is short..?

STOCK4SURE said...

will nifty test 7538 intraday today??????
..confluence of emas in 30 min charts
i guess nifty may find difficult to break abv 7600ns intraday
ns near 7590(
June 24, 2014 at 2:08
NS near 7540ns
may show some small bounce from here
may do a LL tomorrow in 7520-7500 range

Sonu said...

@ Shriram Sir,
I am also tracking the volumes only for last few days. Usually I use it for confirming the trends strength and to carry-over the position.

Additionally, this rise was not in line with global cues - Did you track the news: "Dubai Index down 8% today"

STOCK4SURE said...

7567 is hurdle now

shriram said...

Master,

Do Irreg. Flats happen in suspect W2 ? How often ?

shriram said...

@ Sonu: no , my philosophy is slightly diff.. only concerned with Nifty DATA (Bhaav / Options OI / NF OI / Patterns)

ankita said...

stock4sure is rocking, kindly do some technical remarks with tgts and supports and resistances. thanks stock4sure.

Sonu said...

@ Shriram Sir,

Woh to correct chhe... Bhaav bhagwan chhe... as you always say :)

ankita said...

dubai is crashed by near 30% in about last 1 month. may be due to their internal matter. but india is going up due its internal matter.

shriram said...

Bhagwaan is sayin Bulls will be in vogue for a few sessions then :-)

Num Char said...

@Ankita

How about you add some reasoning when you comment on your position or so !

Just a thought , Sir adds a reasoning to his comments in live market , he talks probability only .You can add your thought and reasoning may be it will make the discussion constructive .

Hope that makes sense .

ankita said...

stock4sure are u sure tomorrow 7500-20. ?? 7567 res broken now.

Ilango said...

@ ankita,

You quit; not because of many options but becos you don't see them in perspective:

1.@ fast rise set up unfolding - It is in day T/F
2@ weak below 7556-60 as "b" completed and "c" unfolding- It is for the entire rise from 7442-7593.
3@strength above 7585 - If a person has taken a short during the intraday corrections, this is a reversal or SL.

ankita said...

@ num char - i have not blamed anyone , just read my comments twice. due to so many options i quit. so read once more my comment, thanks.
everyone is responsible for his own position, and do not blame others.

Prabhanshu Raman said...

Ihns will trigger above 7593, t1 7646

ankita said...

so many confusions for me master.i will try to catch all these .
thanks sir

Piyush Sharda said...

sir,
i have a question. with the observations that u have made today, can u give an illustration of a possible trading plan.

SAM said...

7596 sai upar close karwa do :)

ankita said...

i just want to take postion after if nifty will cross 7620 (80%) with strict SL.

Piyush Sharda said...

i didnt read ur earlier comment sir before posting.

ankita said...

fast rise trigerred.?

Raghavendra said...

BN attempting to break the falling trend line. 2 hr closes above 15375 will trigger upsides to 16000+.

Another attempt to close above Dev DHEMA @ 15293.

anmpatel said...

@master
instead of strength return at 7585...can we take 80% 7582 broken(last fall retrace from 7593)?
thanks.

shriram said...

Float like a Butterfly & Sting like a Bee. Them hands cant catch, wot the eyes cant see !

--> The best trade plan u can think of :-)

Have a nice day every one !

durga said...

GOOD afternoon master n blog mates
resell zone approachimg

ankita said...

resell may be a bad idea, new high is waiting if 7620 ns crossed.

durga said...

keeping 80
percent--7620 as sl

chetas said...

average close running at 7573 levels, and increasing. DHEMA at 7585 levels

ankita said...

two things says avoid short,- fast rise between 5 & 20 dsmas
- strength above 7585.

ankita said...

if tomorrow opens above 7620 and move towards 7700 speedily then.?

anmpatel said...

@ankita....
take some deep breath.....markets are fore=ever...

Prabhanshu Raman said...

2 patterns
1. Ihns in 15 mins bo above 7594, t1 7648 t2 7740 sl 7567
2. Neg ww may form near 7600, 1-4 line tgt 7550

chetas said...

Average close now at 7577-78, below hema

ankita said...

gap up tomorrow. with 30-35 points

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