Friday, July 18, 2014

Nifty Intraday Update-I


19 comments:

Varadarajulu Venkatesan said...

Good Morning Satheesh

Thank you very much for Tata Motors price charts.

Swami Shivkumaar said...

Dear sir,
Low is 7596.
Regards

dharmu mishra said...

respected llango sir
if todays low is not broken can we consider the (v) wave from the low of 7422

Arpit S said...

sir nifty fut. premium reduced to zero.. is it early signs of worry..specially if now the low of the day is broken

Ilango said...

@ dharmu mishra,

Redrawn channel has been broken and prices are back into the channel.

If "7602-07" is held, the (v)th could unfold..

Ilango said...

@ Swami Shivkumaar ,

Thank you. Corrected the lows.

Raman Kapoor said...

Dear Sir,

How about watching the retrace for the fall from 7649 to 7596 ?

dharmu mishra said...

respected llango sir
thanks

marina s rao said...

Day Low : 7595.50 Day High : 7634.60 Range : 39 Points Day Pivot : 7636 Hr. Pivot : 7615

Currently above Hr. Pivot @ 7615 and below Day Pivot @ 7636.

NS Half a Century above D JNSAR @7564.

NS took support @ Cluster 7594-7609 for agressive trades.

NS currently hovering around 7630.

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

SOR = Sell On Rises

BAH = Buy And Hold

Ilango said...

@ Raman Kapoor ,

The fall from 7656 to 7596 is of 3 waves. It could retrace any % and resume its corrective ways if the correction has not ended.

If the correction has ended as a 3 wave-abc-correction at 7596, it must hold 7602-07 and move higher towards 7661, 61.8% approx or higher.

saz said...

GA sir,
sir kindly clarify that Weekly sell on raise is still active till 7688 taken.
thanks
reg,
saz

Ilango said...

@ saz,

Weekly Sell on rise is active till:

Prices close below WHEma on the last day of the week &

Prices are resisted below WHEma+60 points. (Consider the rising WHEma+30 which would work out to roughly 7765)

jittery said...

Sir,

WHEMA 7765 or 7665??

Ilango said...

@ jittery,

Presently the WHEma is 7677.

For this week, even if prices go up to 7778, the WHEma + 60 would be 7718+60=7778.

For next week, we'll calculate after EOD.

Guru Krish (Trading Nirvana) said...

Serious unwinding happening in 71k PE and good addition at 73k PE no panic in 76k PE and no aggressive writing seen yet in CE's --- lets c how price reacts..

Muthu Thamizhini said...

Guru Krish,

Saw the activity in Aug 7300 put for the past 2 days? any views?

Even yesterday put buying was visible by FII...

Muthu Thamizhini said...

7600 call is comfortably outplayed by 7600 put...more put in 7600 than 7600 call..now 7700 is the serious resistance with 55 Lac OI...

Very strange that the premium for nifty nosedived even we have another 2 weeks for expiry....

Guru Krish (Trading Nirvana) said...

@Muthu Thamizhini -- I am looking only at present series...

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