Thursday, June 5, 2014

Nifty Intraday Update-III


56 comments:

Raghavendra said...

BN shows a complex diamond shaped consolidation on 30 min chart from 3rd June till now. Break out / Break down will measure about 200 + pts.

Nifty is comfortably trading above DHEMA and HHEMA as of 2 PM closing while BN continues to struggle at DHEMA ( 15332 ) and HHEMA ( 1313 ).

shreya puneeth said...

any breakout in ktkbank?

shriram said...

With price above all res, lets try some EW workouts :-

a/i 7216 7433 217
b/ii 7433 7361 -72 -33.2%


c/iii 7361 7495 134 (min. 61.8% xa , 1st tgt)
c/iii 7361 7578 217 (c=a)
c/iii 7361 7712 351 (pot. w3)






sometimesbullsometimesbear said...

Woh royi
.
.
Woh royi
.

Woh balti bhar royi......
....
..

Woh royi woh royi....balti bhar royi.....

.
.
.
.
.
Aur woh Zaaalim nahake chala gaya.......


STOCK4SURE said...

If BN would have supported nifty then shayad 7500 ke upar hota

BN in red when ns is abt 60+

15295 cmp is 55ems in 2 min charts

ITradeForProfit Daily said...

Nifty touches ND Sir's ATR Sell Zone

anmpatel said...

@sbtsbt

hamari shakshiyat ka andaza tum kya lagaoge galib,

ke ham to kabristaan se bhi gujarate hai to murde uth kar kahate hai...

"bhai salaam"....

and here "bhai" is JNSAR...

shriram said...

ATM / OTM CEs r not liquidating, while OTM PEs have added big intra..Gross is still Bearish @ higher strikes tho...
y is Option DATA out of sync. with BHAAV , as of NOW ?

How to make a Hi-prob trade-view now , any thoughts ??

vksoni said...

sir,
aggressive sell near 7471-72 for intraday?

sometimesbullsometimesbear said...

@amp.....LOL>..........ROFL>>>>kabristan...murde...aur salaaam......Craaaazzzzzy kiya re....ROFL>>.....

anmpatel said...

@ITFPD
jaane do...breakout karado...7545...

aaj to mauka bhi hai aur "time" bhi hai...yaaro..

anmpatel said...

@sbtsbt

i found a leaflet in my newspaper this morning, which read, "are u an alcoholic? call now. we can help"

i called up: it was a liquor shop offer: "buy 3 & get 1 free"....mere toh khusi se aansu nikal aaye...

ha...ha...ha...

rj said...

GA Master ..............Can you please make the 3rd c number more broad and visible so nifty can see it comfortably & find the way to reach there :)

Raman Kapoor said...

@Shriram ji

Thanks for the probable EW targets. How would you relate these targets with the fact that 75 CE has the highest OI.

Thanks

anmpatel said...

Ten Gurumantras for a cool life:

1. Money is not everything. there's also mastercard and visa...
2. One should love animals. they are tasty too...
3. Save water. Drink on the rocks.
4. Fruits/salads are healthy, so leave it for sick..
5. Books are holy, so dont touch them.
6. dont should in the office..it disturbs those who are sleeping...
7. love thy neighbour, but dont get caught...
8. hard work never killed anyone, but why take the chance...
9. why do something today when it can be done tomorrow, by someone else..
10.every one should marry because happiness is not the only thing in life...


bas aaj ka quota khatam..

shriram said...

Hi Raman,

have to give no.1 Priority to BHAAV , i guess , BHAAV BHAGWAN CHE :-)

anmpatel said...

@Raman
OI can change in a flash faster than u imagine.....

anmpatel said...

@Raman
OI can change in a flash faster than u imagine.....

sometimesbullsometimesbear said...

@AMP...heard Dinkar Trivedi;s xxx jokes...:??..:):)

intraday trader said...

master is itpossible in symmetrical triangle wave C & D at same level top

Raman Kapoor said...

A close above 7445 will trigger the MACD up.

Ilango said...

7454 7447 ... is 38%-50% retrace of the last rise from …… 7419 to 7475

80% is - 7430

If strength to return again, it should be around 7454 7447

Weakness gets confirmed Below 7447 OR 7430

Ilango said...

7432 7418 ... is 38%-50% retrace of the last rise from …… 7361 to 7475

80% is - 7384

If strength to return again, it should be around 7432 7418

Weakness gets confirmed Below 7418 OR 7384

Prabhanshu Raman said...

Sir, I have 1 query related to retracment strategy. Say if we bought at 61.80 keeping sl at 80%. Then should we change our position from buy to sell at 80%. If yes, then what should be my sl?

GANESH said...

@Sir , GA , BN -> Sell on rise ?

Ilango said...

Upward momentum returns above 7460-66.

Sonu said...

@Shriram Sir,

Highest volumes in 7500CE but the addition is miniscule. This should explain the uncertainty in bear camp.
Bulls on the other hand look more confident with steady rise in OI in PEs
http://www.niftytrader.in/nifty/nifty-volume-traded/

anmpatel said...

@SBTSBT
nope...never heard.

Ilango said...

@ Prabhanshu Raman,

Following comment was made since the prices have closed EOD above key averages; hence, intraday falls generally are unsustainable; besides the 'abc" bounce, if bearish, should have limited to 7394.

Ilango said...
Staying above 7389 displays strength...
June 5, 2014 at 10:42 AM

-----------------------------------------------------------------------------
These reversals should be used in combination with higher T/f TA.

STOCK4SURE said...

last dnmove was from 7414-7360=54 pts........
7475-54=7432 near NIFTY may form channel support

Prabhanshu Raman said...

Thank you sir. Just like the recent one strength only above 7460-66

Aly said...

Dear Sir,

Is it possible that we may a bit longer consolidation period... similar to what happened in December & Jan this year.

shriram said...

@ Sonu: yes.. but as we saw with the EW calc. FORM wise min. C comes to = 7495 , so cant short this market now ... no way

Ilango said...

@ Aly,

Quite relevant. Until prices move past 7564 by a good %, correction could continue in one of many forms - flat, combinations, running kind, etc..

We are following sub-waves minutely for "intraday trading purposes". With huge spreads on most days, this works out well.

SKS said...

sir
7564 or 7464??

ITradeForProfit Daily said...

NF premium squeeze at higher levels happening.

Sonu said...

@Shriram Sir, With your EW counts and OI being bullish, no shorting for me too... :)

sometimesbullsometimesbear said...

@AMP ...google karo and download them....jovial person like u should not miss it...though xxx it is okay....sort of desi gujju environment...all is fair in fun and play....:):)

Ilango said...

@ SKS,

7564, high of 16th May.

shriram said...

Common.. lets c 75XX :-)

anmpatel said...

@master
can u guide about banknifty? why it is lagging...
thanks.

Prabhanshu Raman said...

Pls rcom ko yaad dilao ki uska break out hua hai.... jago rcom and upar bhago

J.R.Julius said...

@Anmpatel,
Yesterday BN inside.
Y.High/Y.Low not broken till now.
Should Break either side!

Chetna Jethi said...

@Prabhanshu....hey raam,,isne toh pakaa diyaa aaj.....yeh meri samajh se bahar hotaa jaa raha hai iska behaviour

Ilango said...

@ anmpatel,

BN is deceptive but once starts, it moves fast. Holding 15145 is important in ST.

J.R.Julius said...

@Anmpatel,
Mother Bar Range - 15414 - 15149
Previous Msg typo Err Yesterday Range.
Read it as day before yesterday.

Prabhanshu Raman said...

Chetna ji... culprit is ihns in making as well. It's breakout above 149.55

ITradeForProfit Daily said...

Panic at 75K CE writers camp.

J.R.Julius said...

Sir & All,
Thank You - Bye

anmpatel said...

@JRJ
yesterday low 15171.15, its broken na...todays low is 15152.4

J.R.Julius said...

@Anmpatel,
Mother Bar Range - 15414 - 15149
Previous Msg typo Err Yesterday Range.
Read it as day before yesterday.

Chetna Jethi said...

prabhanshu,, isko toh bhagwaan hi breakout karwayega...yeh toh speculative se "ITC" type fundamental moves de raha hai..isko achcha nahiin lagte yeh sab..

Prabhanshu Raman said...

Hehe.... it check your patience to the core. And doosri taraf tisco... rukne ka naam nahI le raha hai

Time to short usdinr I think. .. Let's c

anmpatel said...

@Master and JRJ
thanks.

Raghavendra said...

@ Anm ji,

I trade BN while looking at 3 top BN stocks - HDFC Bank , ICICI and SBIN constituting 70% weight.

When all 3 stocks are in one trend - prices takes off either UP or DOWN. For past 2 days SBIN is closing above DHEMA while ICICI and HDFC Bank are above 5 DEMA but below DHEMA.
Hence the struggle in BN.

ICICI & HDFC Bank are making a sideways consolidation after the large rise in Day time frame. When it completes - BN should fly off.

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