Monday, June 30, 2014

Nifty Intraday Update-III


31 comments:

Ilango said...

@ Unknown ,

Since the correction in day t/f that preceded this current rise in TCS from 1999.50 or 2056 may be treated as a 5th wave. Till it shows a divergence or a price reversal, shorting it may be kept on hold.

In strong trends, prices continue to rise; hence, wait for the emergence of weakness to sell. Until then, ride the trend.

Ilango said...

Read as:

Since the correction in day t/f that preceded this current rise was of a triangle (Triangle preceding the last wave, the 5th) in TCS, this rise from 1999.50 or 2056 may be treated as a 5th wave. Till it shows a divergence or a price reversal, shorting it may be kept on hold.

Prithvi Raulji said...

@Master,

A Bull Flag in NS Daily Chart

Can you Confirm It ??

Pls

shreya puneeth said...

yes breakout happened soon it will reach 7900 this week

STOCK4SURE said...

a small bullish WW may develop in BN charts

may form pt5 near 15230 near 3,00pm and trgts abv 15310 first hr tomorrow

15274-15329-15252-15296-pr5 near 15230 near 3.00pm

Unknown said...

thankyou Sir for ur kind help.altough I m short on TCS already

Ilango said...

If holds 7595, approx., a final push towards R3-7623+ is possible.

Unknown said...

I m riding the retracement Sir on TCS now

Ilango said...

@ Prithvi Raulji,

Friday's EOD post shows the "correction v/s oscillator move" as a "Bull flag";

Prices are at the break-out point, spending most part of the day at it.

A perfect time for "Budget rally", provided prices hold above 7550 presently & higher trailing number as the prices move higher..

Guru Krishnan said...

MID point is at 7606 (7834-7378).. watch out for hourly closing..

Unknown said...

Sir: how do u personally manage 2 catch da sub waves???? is it automated??? or is it plotted manually ????

herry said...

dear sir hcl tech stock viwe..?

Ashish Agarwal said...
This comment has been removed by the author.
marina s rao said...

Day Low : 7531.60 Day High : 7610.45 Range : 69 Points Day Pivot : 7510 Hr. Pivot : 7594

NS above HKPC ( Hepta Kilo Penta Cent).

Currently well above Day Pivot @ 7510.

NS hovering around 7600.

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

Weak below Hr. HEma @7591.

BAH = Buy And Hold.

Raman Kapoor said...

A close at or above 7608 will turn the S.MACD (day t/f) up.

shriram said...

Bhaav Bhagwan che :-)

For Bears.. there is a -ve WW formin on Hr.. pt 5 will form near 7640 NS,, but the way White Tubelight has formed today.. phew i dunno

shriram said...

sorry, small re-calib. tats 7655-60 NS for suspect pt5

Prabhanshu Raman said...

Sir, is it prudent to say correction over at 7581 for the rise from 7494 to 7605. And now another set of 5 wave initiated from 7581??

intraday trader said...

master just 1 question is nifty 3rd wave started or we r in corrective waves

Ilango said...

@ Prabhanshu Raman,

7494 to 7604, a 5 wave done;

7482 to 7624, a 5 wave done.

Depending on tomorrow's price behaviour, it will be known whether from 7581, waves are sub-dividing..

Ilango said...

@ Prabhanshu Raman,

7482 to 7624, a 5 wave is unfolding.

Prabhanshu Raman said...

Thank you Sir. What price may be the confirmation point that this rise is 3rd wave (the same 3rd ehich we all are waiting). Apologies of my ignorance if you already answered this to someone else

marina s rao said...

Day Low : 7531.60 Day High : 7623.65 Range : 92 Points Day Pivot : 7510 Hr. Pivot : 7608

NS above HKPC ( Hepta Kilo Penta Cent).

Currently well above Day Pivot @ 7510.

NS hovering around 7610.

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

Weak below Hr. HEma @7599.

BAH = Buy And Hold.

Ilango said...

@ Prabhanshu Raman,

There is an alt. view:

5933-6819 = 1st
6819-6639=2nd
6639-7564=3rd
7564-7442=4th
7442 or 7482=5th unfolding...

Ilango said...

Bullish:
7570 7553 ... is 38%-50% retrace of the last rise from …… 7482 to 7624

80% is - 7510

If strength to return again, it should be around 7570 7553

Weakness gets confirmed Below 7553

shriram said...

master,

3 barely > 1 ?

Guru Krishnan said...

PCR is inching upwards now at 0.82 and MID point too --- 7609

shriram said...

THis -WW has formed ...

http://prntscr.com/3xx79v

NF OI is not aligned with it tho, Have a gr8 day !

Unknown said...

sir whts happening on the TCS coseemsunter. hard Shorts it

Unknown said...

its retracing below 61.8% sir

Unknown said...

they ate up all da premium on TCS futurs

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