Wednesday, June 25, 2014

Nifty Intraday Update-III


35 comments:

Sonu said...

@Shriram Sir,

Another -WW in making. pt 5 to form near 7585?

SAM said...

@Rose Mary,

Do you have that ebook . ?

shriram said...

@ Sonu ,

how bout this +WW forming ? will need pt5 near 7560 NS

http://prntscr.com/3wa5w3

Sonu said...

@Shriram Sir,
1-3-5 and 2-4 lines not converging in +WW. Is it still a valid one?

shriram said...

@ Sonu: Its 100% converging. Pl try plotting it. Thats the no.1 Rule of WWs

Sonu said...

Bulls not far behind Bears @ 7600 OI addition

SAM said...

I was wondering if anyone has this ebook

YTC Price Action Trader

Sonu said...

@Shriram Sir,

Yup... It's converging but very little

shriram said...

Master,

ur pref. count, seeing the action from 7592.85 down as a "ABC / WXY " , to end in 7540-30 NS zone max to max , or done now already, sir ??

DR.SGM said...

Dear sir,since the volume traded yesterday is highest,is their any significance to yesterday's high and low.

Ilango said...

@ shriram,

Because of settlement around, normal corrective behaviour gets extended and normal reading's assistance is limited.

In the second chart, prices are closer to the lower range of the channel. In the first chart, prices are closer to the break-out point.

OI inputs could help.

Ilango said...

@ shriram,

Pref. count is in the 1st chart.

herry said...

dear ilango sir 7562 is whema and wpivot 7554 are suport...?

shriram said...

Aah.. precisely y i asked u Master :-)

OI wise, nothing much, huge money has added in July Futurz , in such a narrow price range... smells of Long Bets !

July 76/77 strikes has PCR <1 which is Bearish @ those strikes, but serious Res is @ 8K. looks like caution from bears ?

chandiok said...

7500 pcr 2.04
7550 pcr 1.65
7600 pcr 0.62

J.R.Julius said...

Price action signals not only for entry but to see the time to SOH (Sit On Hands)
Especially like today till now all bars inside to the yesterday's 3pm 1hr candle.

For this SOH day. Bye All.

NI3 said...

@Julius sir
plz elabrate...SOH

Sonu said...

@Shriram Sir,

Plz see 5-min chart. It's a clear bull flag.

Ilango said...

3.00PM TT & Chart Updated..

Sujatha said...

GA sir nd friends :)

Julius - what next is it SOL?? "Stand On Legs"!!! lol vara vara tech abbriviation-kku alave illma pochu huh..naan illama market-kku kai odinchappula irukku...super mokkaiiiiiii... adhu sari..naan illatii yarachum vall attuvanga pola...mmm. solli vainga...

shriram said...

Dear Sonu,

Am takin the liberty to say something here, w.o offending "Religious or caste sentiments"

Trading is the Business of Businesses. But it needs the good Qualities of all 4 varnas:-
1. Intellect of a Brahman (to analyse H-prob / good R:R)
2. Courage & Discipline of Kshatriya (to execute fearless & repeatedly)
3. Street-smartness of a Vaishya (understand BHAAV & place SL to protect Body Capital) ; &
4. Humility & Service of a Shudra (stay put till Min. Logical Tgts with TSL)

Ur comment " Plz see 5-min chart. It's a clear bull flag." - falls in ambit of "1"

Pls note that all PATTERNS become hi-prob only when u have DATA to back them.. This Bull Flag may very well be so, but pls next time onwards, mention the DATA / INDICATOR CLUE that backs the PATTERN (makes it more H-probb) !

J.R.Julius said...

@NI3,
During inside bars better wait to break any side.
SOH - Not doing anything.

Example SOH:

J.R.Julius said...

Nifty Spot Inside Bars & Range
http://prntscr.com/3unn4p
June 20, 2014 at 1:52 PM


@Sujatha,
Good Afternoon Boss.

Sonu said...

Dear Shriram Sir,

Apologies and thanks for sharing. Will try to incorporate these qualities.

NI3 said...

@Julius sir
Thanks a lot for explanation also of Inside bar too

Sujatha said...

Julius - hello "no bars" will work (during expiry time) out , unless u go and sit in a "bar" or "sit on a bar" hehe nifty - thiuppathike motta podum pola... pavam maga jananga...

shriram said...

+WW form ho rela hein bhidu log... trading opp. aaj to nai milne waali lekin

Have a nice day , good bye !

sometimesbullsometimesbear said...

@Shriram....Why are u suddenly on the TV news channels?????

I see some ppl demanding action against u under some Atrocities Act.....Also some people from some National Commission are raving and ranting against u......Somebody is saying u r a foreign agent trying to destabilize the country's secular FABRIC......Lalu is also mouthing some foul against u....not to mention a fat lady......:):) Whats going on....:):)

J.R.Julius said...

@NI3,
Today I didnt see chart after see this data 24/06/2014 15:00 Hi@7591 - Lo@7540 in
Sir's morning TT. All levels/bars till now come under this 1hr candle.

@Sujatha,
Ean boss kalacifying. Innaikku fulla spotla 7575 thirumba thirumba
paathu kanna mooduna 7575 thaan theriyuthu.

Guru Krishnan said...

@STB -- hehe thats good one :P

Prakash said...

சுஜாதா அம்மா

ப்ளீஸ் nifty போடுற மொக்கைய தயவு செஞ்சு நிறுத்த சொல்லுங்க தாங்க முடியல

Guru Krishnan said...

It looks like somebody wanted to buy @7557, so silently dropped it in the late evening and bought in full .. can expect a bounce tom ,, may be a gap up ???

gauresh59 said...

@ sometimesbullsometimesbear,

Have you forgotten his name ....? He is ShriRam..........

chandiok said...

Nifty did.....raat raat din din raat din din raat raat raat din din dinha today

NI3 said...

@Julius sir
Yes sir noted,,
i had observed same when you pasted this inside bar ref image on 20th June

Rahul K. Jamkar said...

Sir is it possibel that we are in ED.
http://prntscr.com/3waos5

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