Wednesday, July 16, 2014

Nifty Intraday Update-I


Bharat Kumar said...

@ Raghavendra - Are you referring to the 2nd sub wave within the 3rd wave, OR the 2nd big wave itself?Cause if RCom is in its 2nd sub wave, even a "C" down here should not breach 113.5, 'if' the 3rd has started from there...
July 16, 2014 at 10:16 AM

Raghavendra said...

@ Bharat,

My view is for a larger 2nd wave correcting the rise from 50 to 165. Have a look at the weekly chart - it much clearer.

Drop from 165 to 106 as "A" of 2nd.
Rise from 106 to 157 as "B" of 2nd.
Drop from 157 to 1XX as "C" of 2nd.

Not sure - why it cannot drop below 113.5. Indicators in weekly chart are in firm sell.

Prabhanshu Raman said...

Raghavendra Sirji, my view is 2 big wave completed at 107 and 3rd big started and unfolding in 1 2 (1) (2) where start of 1 is from 107 and end of 2 is at 113.50

marina s rao said...

Day Low : 7540.35 Day High : 7571.35 Range :31 Points Day Pivot : 7507 Hr. Pivot : 7556

Currently above Day Pivot @ 7507 and below Hr. Pivot @ 7556.

NS touched cluster resistance for aggressive trades i.e. 7559-7572.

Once above 7572 next stop is 7605.

NS nearly Half a Century below D JNSAR @7598.

NS currently hovering around 7550.

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

Above 7585 mode changes to BAH in Day T/F.

Below 7534 mode changes to SOR in Hr. T/F.

BAH = Buy And Hold

BOD = Buy On Dips

SOR = Sell On Rises.

kizar khan said...

Prabhansu Sir,, +ww pattern has done or still needs to close @ 7800

Prabhanshu Raman said...

Also, if we consider the time taken by rcom to correct from 165 to 107, it looks fine to consider big 2 ended at 107.
Also we have noticed earlier that rcom do not behave exactly as others do in its 3rd wave....
But having said all this, ew is just probability and in which way it may turn, only time can teach us.. but we can go ahead with our preferred counts with proper SL

Arun v said...

Master- This looks like a small rally only, creating and filling gaps, may not be able to cross 7670

shriram said...

GM Master & JN Family,

Huge intra adds @ 75PE, bullish @ that strike if remains so..

@ Prabha / Ragha / Bharat : -WW on RCOM on Day TA.. pays to look @ 1-4 once..

Off for the day, have fun all :-)

Prabhanshu Raman said...

Kizar, +ww whipped yday but triggered again by closing above 7477 for 2 hours..
I can say 1-4 line tgts comes close to 7800

Prabhanshu Raman said...

Perfect bull flag in making in 5 mins spot. Bo above 7571.35, t1 7597 t2 7640 sl 7558 post bo

Abhi said...

can we consider tomorrow's JNSAR today ?

Ilango said...

@ Abhi ,

You could have taken the "Cue" from Pre-Mkt Trade table:

Below "7530", downtrend continues..
(Above 7530, reversal in the ST)

sudharsan said...

Good Morning Master and Friends... @ Master and Friends your views on TATASTEEL pls

sudharsan said...

Seniors pls advice

Ilango said...

@ sudharsan,

Tata steel is in its (v)th wave for the rise that started from 332. (v)th has commenced from 492.25 after the (iv)th from 580 to 492 as an "abc" correction.

Most bullish possibility would be that the 3rd wave from 388 would be sub-dividing.

Before considering the wave sub-dividing, let us wait & see how the resistances around 600 is handled.

vksoni said...

a flat correction keeping below 7572.?

herry said...

dear ilango sir can given LT viwe..?

vksoni said...

Thanks sir,
c could truncated if holds 7544.

vignesh said...

@ Ilango

Sir please give your view on Bank Nifty.......

Raghavendra said...


Agree with your alternate view. My view is completely based on Week TF and Month.

EW : The wave form does not looks like a 3rd. A ferocious 3rd of C done at 121. 4th of C going on - with immediate resistance at 130 to 135. 5th to come later taking the price to lower levels.

High- Low EMA : Month continues to be betwen high and low ema for past 10 months.

herry said...

dear sir can 7422 to 7572 count 12345...?

Ilango said...

@ vignesh,

As long as 14810 holds, uptrend continues:

14867 14810 ... is 50%-61.8% retrace of the last rise from …… 14627 to 15106

80% is - 14723

If strength to return again, it should be around 14867 14810

Weakness gets confirmed Below 14810 OR 14723

vignesh said...

@ Ilango

Thank you very much sir....

herry said...

dear sir and nifty hold 7530 up trande...and below weekness....?

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