Tuesday, June 3, 2014

Nifty Intraday Update-III


41 comments:

Sujatha said...

boss - நச்சு நச்சுன்னு 10 குட்டு வைங்க பாஸ் நிப்டி தலையில கீழ வரட்டும் லிப்டில வர சொல்லுங்க ஏற்கனவே லிப்ட் பக்கத்துல தான் இருக்கு

bb said...

Why such reversal. Sujatha please write in englsih so that we can also learn.

Ilango said...

Pre-market resistance level, if trade initiated....(Anand..??)

J.R.Julius said...

@Sujatha,
Boss - Got One Lightning from H3.
:D

Sujatha said...

bb - fun :) nothing special

boss - mail sent...ur opinion pls

sudharsan said...

Reliance below JNSAR now

Hitendra said...

BNF at a discount which is odd, any inferences for the June series?

bb said...

Ok Sujatha. Even you Fun messages has some meaning and do not want to miss out on them as I do not know Tamil :)

shriram said...

supports in immediate vicinity are Dev.DhiEMA (7368) & 34EMA,30m @ 7338

& Dev.WkHiEMA @ 7328 below that

rj said...

Hello everyone & pranaam to Master..........again mkt creating doubts in traders minds pls ...pls ..pls see our JNSAR in in long so dnt short if mkt has to go down then let JNSAR guide us not our mind or ego.......thanks

shriram said...

Alt... An Expnded Flat got done @ 7374 NS ??

Ilango said...

7400 7406 ... is 50%-61.8% retrace of the last fall from …… 7425 to 7374

80% is - 7415

If weakness is to return, it should be around 7400 7406

Strength gets confirmed above 7406 OR 7415

anand said...

Sorry Master...Got Whipped in the morning ..Sitting out and wondering ! Discipline missing..and fears creeping in with self- doubt in this 2nd stage of learning...
SORRY !
only 1 hr left- not sure if to take longs or shrots...!

cooldent said...

Initiated sir

Broker called up and asked me how i knew? lolss

durga said...

good afternoon master n blogmates
@anand
resell zone coming get ready.. trade small ..come onnn

Ilango said...

@ anand,

If you have not sold at appropriate level, sitting out is fine.

Another trade that emerged was as per TT retrace at 7373-83.(in the direction of trend).

Another trade is "sell at 7406 with SL @ 7415(Against the trend - risky & aggressive)

shriram said...

Master,

An EW query.. do Expanded Flats also occur in suspect w4s (ala CTs / WXYs) ??

Sujatha said...

Anand - "Those who are afraid of new ideas are doomed before they start Try to implement something

cooldent said...

7374 from where it took support was 61.8% of rise from 7342 sir

Raghavendra said...

BN struggling below DHEMA @ 15298 and HHEMA @ 15340.

bb said...

In a day when TISCO fired, no one is talking about it? Prabhangshu Raman or Chetna where are you all?

anand said...

I will try- not givign up easily- with all of you there...!! (rest in EoD post)

cooldent said...

An BN did give early signal when it did not cross 80% of fall decisively

Ilango said...

@ shriram,

Expanded flats could occur in 2nd/4th, b wave, etc.

kishan s said...

exactly sujatha ji, if u r afraid then u will never learn or think of improving the strategy,and to loss fear in trading we need experience, experience is the best teacher in trading

shriram said...

Master,

tks. Q was how often are they seen in w4 ?? (are they as common as CTs ? )

NSB said...

sirji,

when you say rise and fall in which time frame are you referring, since couple of days I am tryingto figure out. thanks ina dvance.

Sonu said...

OI now confirms with Master's aggressive trade suggestion. PCR down with this rise.
http://www.niftytrader.in/nifty/nifty-intra-pcr/

durga said...

61.8/80..initiated

Ilango said...

@ shriram,

Exp. flat occurs when there is a strong trend. We saw so many of them from 5933..

shriram said...

Tks sir .. ok to assume they r more likely in w2 then, to be followed by aggro w3 ??

Bharat Kumar said...

Ilango Sir - Is the ABCDE correction still on? Nifty has not broken out of the channel

anand said...

Stop hit... !!

shriram said...

@ Bharat: the Channel UTL wud be near 7435-40 NS , if going for a contra short , isnt it ?

sometimesbullsometimesbear said...

@Anand......System is hanged......Press the Reset button.......Retreat for the time being......Fear is not a good emotion for a trader....

Stay back and relax for a couple of days in silence....deep breathing exercises....asanas...pranayama....light food......Read something good....Watch the environment channels.....

Keep researching the blog and the price levels.....

Get back next week on Monday....U will be fine by that time.....

Market is there till eternity......Only human beings vanish like respected Gopinathji....We are all human.....

Bharat Kumar said...

@Shriram - Absolutely! :-)

durga said...

7300 puts initiated at 61. 8
But. I kept sl 2 points below day low
So still not hit.
At least i have satisfaction of a scientific trade

Sonu said...

@Ilango Sir,

If it's a flat, why should 80% be relevant here?


=====================
Ilango said...
@ anand,

If you have not sold at appropriate level, sitting out is fine.

Another trade that emerged was as per TT retrace at 7373-83.(in the direction of trend).

Another trade is "sell at 7406 with SL @ 7415(Against the trend - risky & aggressive)
June 3, 2014 at 2:51 PM

Sujatha said...

i feel "gap down opening" atleast of 35 to 40 points??? ofcourse technically good close..remember one thing - if u r in contra trade..exit at quick gains ...without any secondary thought. IF GAP UP comes it's bit difficult to cross 7450/70 NIFTY FUTURE i.e hurdle

let us see

durga said...

NF gave evening star in penultimate hr with an inside candle fr last hr. so sell
gets confirmed with gap down/follow on selling

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