Wednesday, June 4, 2014

Nifty Intraday Update-III


34 comments:

Sonu said...

Intraday, Bears seem to be losing to Bulls at 7400 strike
http://www.niftytrader.in/nifty/nifty-live-change-in-oi/

Sujatha said...

Julius - Nifty-kku "mara" kazhundudicha illa yennkka??? :( பேக்கு பேக்குன்னு உட்கார்ந்து பார்த்திகிட்டிருக்கேன் கொஞ்சம் தலையில தட்டி கீழ வர பண்ணுங்க சோலிய முடிக்கலாம்

shriram said...

Nifty is hanging in air right now..

Supports @ 7390/73 & lower @ 7331/61 NS wud be ideal zones to take bounce from ?

Sonu said...

@Ilango Sir,

Nifty staying in OB zone (far above all EMAs) with heavy volume traded in last few days and corrections are shallow at best.

Do these indicators not point to the 3rd running?

Sujatha said...

shriram ji - a small correction in the first line "along with me" :P

greedy - ideal zone to take bounce from .........7313??? too early to decide

shriram said...

Suja: tats the WkHiEMA ... tho there is no way to say right now, if it will go there :-)

anmpatel said...

@master
is nifty making ascending triangle...? resistance around 7420-25 and making higher lows? 7342-7374-7393-7401? any chance of this pattern? or my "hallucination"?
thanks.

Raghavendra said...

Dear All,

After a long time - J10SAR is looking to cross over JNSAR ( assuming current close ) by end of the day. A cross over like this previously brought lot of momentum to UP - Need to monitor the prices for next 2 days to have this play out.

cooldent said...

Shriram

Wt if its the Dlema? ;)

shriram said...

for indiv. scrip fans.. take a look @ MCX ... EOW close > 615 , can show 700- 1000 ?

SAM said...

looks like below 7400 channel and pattern breakdown
http://prntscr.com/3piwot

Ilango said...

@ Sonu,

We have also marked the rise from 7216 to 7433 as a 5-wave in the above chart. If prices move past 7445-50, you could treat it as the 3rd wave, nevertheless monitoring the subsequent last rise retrace to remain vigilant till momentum picks up.

shriram said...

Hahha.. Cool : Dev.DLo wud change if we went below todays low..

WkHi EMA remains constant till we dont log a new High, thats the Alligator & Whale tussle for u ;-)

NI3 said...

@ raghavendra sir what is the significance if J10 sar cross over to jnsar plz explain when ever find time
Thanks a lot

Ilango said...

@ anmpatel ,

You called it ascending triangle; we called it rising wedge and it has broken down.

Sujatha said...
This comment has been removed by the author.
shriram said...

Master,

Suspect ABC retrace does min. the internal "iv" of the prev 5 wave ? so 7374 on cards Hi-prob , sir , pure EW wise ?

or lower @ 7343 also on ?

Raghavendra said...

@ NI3,

Below is an old post ( ard 1.5 years back ).

============================================
- Dear Ilango sir , Shradha Saburi and All,

Observations on JNSAR and J10SAR

Since May when uptrend started from 4770,

Top is in : Day JNSAR crosses Day J10SAR on upside on Day TF (Intermediate top during the uptrend - EW1, EW3 etc)

For tomorrow too, we have JNSAR > J10SAR will have to see if it becomes true in coming days.

Bottom is in : + or - 1 day , Day JNSAR crosses Day J10SAR on downside on Day TF (Intermediate low during the downtrend - EW2, EW4 etc)

Bottom is in :

Example 1 : When Nifty made initial bottom @ 4789 on May 18, observe JNSAR and J10SAR values on May 17, May 18, May 21st here

http://tradeinniftyonly.blogspot.in/2012/05/nifty-intraday-update-iii_21.html

Example 2 : When Nifty made a bottom @5216 on 5th September, observe JNSAR and J10SAR values from 4th ,5th , 6th, and 7th Sep here

http://tradeinniftyonly.blogspot.in/2012/09/nifty-intraday-update-iii_6.html

http://tradeinniftyonly.blogspot.in/2012/09/nifty-intraday-update-iii_7.html

Top is in :

Example 1 : When Nifty made a top @5815 on 5th October, observe JNSAR and J10SAR values on 4th, 5th and 8th October values here

http://tradeinniftyonly.blogspot.in/2012/10/nifty-intraday-update-iii_5.htmNifty makes a high of 5449 on Aug 24th, Observe JNSAR and J10SAR values on 22nd, 23rd, 24th and 27th August here

http://tradeinniftyonly.blogspot.in/2012/08/nifty-ends-week-with-higher-tf-firm.html
-
Example 2 : Nifty makes a high of 5449 on Aug 24th, Observe JNSAR and J10SAR values on 22nd, 23rd, 24th and 27th August here

http://tradeinniftyonly.blogspot.in/2012/08/nifty-ends-week-with-higher-tf-firm.html
================================

Sonu said...

7410 is 61.8% retrace of last fall from 7422. 80% is 7416

Raghavendra said...

@ NI3,

Generally in an strong trend - J10SAR always leads JNSAR either UP or DOWN. When the cross over happens either UP or DOWN..have observed that a top or bottom was in.

In current case - J10SAR has been lagging JNSAR for over 10 days now. Today there is a posibility of J10SAR crossing JNSAR and may be a sign for "Trend" to continue.

NI3 said...

@ raghvebdra sir
Thanks for your prompt reply
Means current 7116 is a bottom is in place and long term trend which is up will continues in coming days
After crossing also of j10 sar correct me if wrong
Thanks

Ilango said...

@ shriram,

If we look at the hour chart, the grind is quite visible. Anything is possible.

If this correction is for the 5 sub-waves, it generally comes into the ivth of the sub-wave-7390.75-7342.15.

Prabhanshu Raman said...

girao bhai nifty ko thoda neeche.....

J.R.Julius said...

@Sujatha,
1 டோஸ் - 5 பில் ட்ரான்க்வில் போட்டாச்சு. டாடா பை பை.

J.R.Julius said...

@Everyone,
Not a good day for me.
After a long time distracted, forget my rules and lost discipline.
Ha ha. Its Happens. Bye All.

anmpatel said...

@prabhanshu Raman
it will, 34-55ema on 5min chart -ve crossed....rising wedge broken...but it will testing our patience...

J.R.Julius said...

Quote of the Day:
Never Repeat the Same Mistakes which U already Learned.

Prabhanshu Raman said...

ANM:
Mine is intra trade - have another 4 mins for this short trade. Lets c

Raghavendra said...

BN struggling near DHEMA @ 15331 and HHEMA @ 15364 again today.

anmpatel said...

@prabhanshu
mine was part book, as hrly closed below Hrly JNSAR.....pasand apni apni...ha..ha..ha...ha..

Prabhanshu Raman said...

@ ANM :-) and its coming down

But my USDINR short is open :-P

raman perumal said...
This comment has been removed by the author.
raman perumal said...

Sir thanks for the new labelling in green i was expecting this label from yesterday as wave i completed near 7425 and wave ii is started now happy that this is one of the alternative as wave i completed at 7433 and heading towards 7335 for wave ii and then upmove as 3.3

anmpatel said...

@prabhanshu...
yes spot coming down but premium increased so....!!
no idea about currency...just nifty only!!

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