Friday, June 6, 2014

Nifty Intraday Update-III


34 comments:

shriram said...

@ Sonu : About Time , i will not be able to say.. but does it matter ?

The moment the pattern forms & the 1-3-5 triggers, we will have to decide to ACT or LET IT GO (based on OI behaviour @ that moment)..

till then its OBSV mode :-)

Prabhanshu Raman said...

At 7546, -ww formation might be possible.

Sujatha said...

GA sir nd friends :)

"There are two kinds of failures. Those who think and never do, and those who do and never think."

Declaration - ."i infected by both" :) :D now slow recovery :P

Have a great week end



saz said...

GA Satheesh mam,
could you please post tatmotors technicals...
thanks reg,
saz

shriram said...

Master ,

TO EW eyes are 5 waves done from 7361 NS ?

herry said...

dear ilango sir today last day of week and day trande is (green) up and week trande ( red up )....? mince

gauresh59 said...

@ Sujatha,

(1)Think...........and Do not do ....
(2)Do................and do not think

in both there is one negative....task
if one keep similarity in both the task as under

(1) Think............and Do....
(2) Do and .........and Think

or

(1) Do not think...........and Do not Do ......
(2) Do not do .............and Do not Think.....

Try this ...and find out where is infection........

Ilango said...

This applies to Trending(Bull) market:

"The reason is that a man may see straight and clearly and yet become impatient or doubtful when the market takes its time about doing as he figured it must do. That is why so many men in Wall Street, who are not at all in the sucker class, not even in the third grade, nevertheless lose money. The market does not beat them. They beat themselves, because though they have brains they cannot sit tight." - Jesse Livermore

Ilango said...

@ shriram ,

Presently, waves are sub-dividing as shown in the chart.

anmpatel said...

@ITFPD
aaj to ATR breakout or tgt le aao bhai!!!

sometimesbullsometimesbear said...

@..RJs mother of all bullmarkets...

....Now get ready for prebudget rally....:):)
.......Then postbudget rally.....................:):)

STOCK4SURE said...

30min more to end days trading

cmp 7557

30 more needed

will nifty do 7587??

chhoti si aasha!!!

anmpatel said...

master aur sabhi bhaiyo aur behno ko nifty ka naya life time high mubarak ho.....

shriram said...

a/i 7216 7433 217
b/ii 7433 7361 -72 -33.2%
c/iii 7361 7578 217 100.0% ** almost done !

anmpatel said...

@S4S
i am expecting ATR break out tgt....7656...hula...la...

shriram said...

Alt.. label : if tracking the rise from 7132 as a 3wave

B.a 7132 7504 372 -86.1%
B.b 7504 7216 -288 -77.4%
B.c 7216 7588 372 100.0% ** again just 16pts away !


Prabhanshu Raman said...

Pls pls... rcom ko batao yaar....nifty aag baras raha hai....kuch to sharam kero rcom....

Sujatha said...
This comment has been removed by the author.
Prakash C said...

3 lac 7500 CE OI reduced within a minute

Ilango said...

The common mistake of "Smart trader": (Who always think he/ she is right).

In taking the counter trend trade, they are lulled by the market.

And when the market reverses, they have no momentum or alertness or humility to accept and reverse to get back into the trending direction.

Thus, they are always either "0" or "-".

Chetna Jethi said...

@PRabhanshu....hahahahaha...kya baat hai boss..ek dum sahee bola...isko toh chullu b har paani do..abhi tak yearly highs pe hona chahiye thha..yeh "modi":fy ho gaya hai ya iska modification ho gaya hai

Raghavendra said...

As of 3 PM closing BN TT turns all green. Key number as below. Closd above dhema and hhema

Dev DHEMA : 15411
HHEMA : 15512.

BN also follow Nifty in terms of faster retracement. Last fall from 15568 took 5 days and rise from 14709 to 15576 took 4 days + change.

SBIN needs to close above 2711 to be above DHEMA
ICICI bank needs to close above 1484 to be above DHEMA.
HDFC Bank needs to close above 822 to be above DHEMA - though it looks to close above DEMA today.

Net net - key BN stocks are turning up and should bring in the momentum.

prakashbkc said...

Master I havebot 8000 JulyCE at38 . Kindly any advice

gauresh59 said...

@ sometimesbullsometimesbear,

only rally ....rally ..........whatever you name it ....!!!!!!!!!

STOCK4SURE said...

NS 7587

i rest my case

now from monday new innings start for 7645

IPL khatam hua to kya hua

nifty to hai

shriram said...

still no pt5 on BN ... lets c on Monday .

have a gr8 weekend everybody !

Sujatha said...

sir - a small correction "it's not a common trader" it's "ego trader" i believe either they hv 2 come out of their "position: or "to reverse"

sometimesbullsometimesbear said...

@PRaman....Anilya 2G mein andar jaayega....Cheater mentality hai......Ullu banaoing.....Better stick to Tisco Tata Motors...Tata tele.....:):)

satheesh said...

Namaste Ilango Sir and all,

@ Saz, I have been held up in personal commitments and not able to update regularly. Whenever I find some important technical aspect I just post it here. Shall try my best to update this weekend.

As of now, 70.7% retr is done considering 453-407 leg @ today's high of 440.5.
Considering 467-407, 61.8% retr is at 444.

Holding 429-430 (today's Low was an excellent place to have inititiated a trade) EOD approx 10DMA is a must for this move to continue.

Moving above 444, it could travel upto 455 - 80% of retracement of the leg 467-407.

sometimesbullsometimesbear said...

@Gauresh....Rally ya antirally....both sides are profitable for an SAR Trader.....:):)...Basically no bias....

But rally is more preferable ....no need to waste too much time tracking long term investments....and also rally is good for all citizens in general......

Positive moves are always good for a positive mind and vice versa......

Avoid negativity...ego...cribbing and cynical thought groups.....::):):)

The one thing I like about Ilangoji is he is a perpetually positive...like Namo...:):)

Raman Kapoor said...

@S4S,

What is the significance of 7587 NS?

Thanks

Chetna Jethi said...

@Prabhanshu,,, can you look at any alternate bearish patterns in rcom? if not then jesse qoute is for both of us..ITS JUST TAKING ITS TIME

Raghavendra said...

Dear Ilango sir,

From the lows of 5933 - most or all of the strong up days are from "Intraday" rallies rather than - with a strong gap up open and then a rally.

From a general perception of having strong gap ups in 3rd wave this move in 3rd is quite unique. Have you seen anything like this in past 20 years ?

Post a Comment