Thursday, July 10, 2014

Nifty Intraday Update-I


22 comments:

shreya puneeth said...

any idea what will be the volatility of the market on budget time 11 AM

Venkat said...

Today will be extremely volatile ,it's better to sit on sidelines.

Prana Swaminathan said...

watch out for Bank stocks especially SBI. BNF shows a high of 15,446 !

marina s rao said...

Day Low : 7559.40 Day High : 7607.25 Range : 48 Points Day Pivot : 7596 Hr. Pivot : 7582

Currently below Day Pivot @ 7596 and Hr. Pivot @ 7582.

NS well below D JNSAR @7683.

NS currently hovering around 7570.

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

Above 7574 above mode gets negated in Hr. T/F.

SAH = Sell And Hold

Asha said...

Good morning Ilango Sir and all the Blog mates!
Sir there is some discrepancy in pivot table.

Raman Kapoor said...

A lot of focus is on budget and its volatility and the recent downmoves. Maybe we should also keep the weekly trend in mind considering the oversold hour.

Ilango said...

Nifty Pre-Market View.

Aggressively Holding above 7560(2-Hr Low), Conservatively Holding above 7547(WEma), minor rally likely....

Ilango said...

Aggressively Holding below 7654(DEma), Conservatively Holding below 7683(JNSAR), downtrend continues....

Ilango said...

@ Asha,

Yes. I have corrected it. Thank you.

marina s rao said...
This comment has been removed by the author.
shreya puneeth said...

I have stopped trading, nothing goes as per analysis

marina s rao said...

Day Low : 7479.40 Day High : 7626.85 Range :147 Points Day Pivot : 7596 Hr. Pivot : 7597

Currently a century below Day Pivot @ 7596 and Hr. Pivot @ 7597.

NS well below D JNSAR @7683.

NS currently hovering around 7500.

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

Above 7571 above mode gets negated in Hr. T/F.

SAH = Sell And Hold

shriram said...

5 waves, may be done as 7807-7479 NS...now a winding ABC retrace , may be ?

Ilango said...

Follow the Pre-Market levels to trade. These are calculated based on various inputs.

Holding the support zone at 7560-75(7559.40), Nifty rallied higher to the resistances at 7623-34(7627);

It got sold at the resistances(and holding below 7654-DEma), and moved lower..

For intraday trading, always use Supports and Resistances

Aly said...

Dear Ilango sir,

7626-7480 one set of 5 wave done? and should we monitor the retrace of this?

Ilango said...

Focus only on the last fall from 7620 presently.

@ Aly,

Not clear yet. I prefer it as "3 waves done from 7620"

Sunil Minz said...

sir
right after breaking 21&34 hrly avg breaking i have shorted the market and below7550 more lots added now put an sl just above last lot i am in good profit day i like this type of volatility.

shreya puneeth said...

still how much correction will happen as per Elliot wave?

Ilango said...

@ shreya puneeth ,

EW suggests the direction.

During a corrective phase, which the market is in presently based on Week & Day technicals, you will see volatility with prices moving in both directions.

Intraday traders, using supports & resistances, would make successful trades.

Being a larger corrective, even a JNSAR trader would be in a position to make good trades, provided they take periodic part booking and re-entering on bounces/ retracements.

Sonu said...

Bears are here for long haul... lot more downside expected
http://www.niftytrader.in/nifty-live-change-in-oi/

Sonu said...

Do domestic investors and DIIs know the market better than FIIs? FIIs have been buying consistently whereas the domestic investors and DIIs have been selling for last many days. Another question is who is the seller in this market?

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