Tuesday, July 22, 2014

Nifty Intraday Update-I


Squander Star said...

Good morning Master & Blogmates

Ilango said...

The (v)th wave is unfolding from 7675 as suggested in Pre-Market View.

7675 to 7723 rise got retraced by just 38% at 7705.

From 7705, the target for the minor iiird wave would be minimum 7705+(7723-7675=48)=7753 and 7782(1.618 times the ist minor wave of 48 points).

Now, pay attention to the rise from 7705.

Bharat Kumar said...

@ Prabhanshu - IDFC rising wedge targets still on?

Prabhanshu Raman said...

Bharat, yes either tgts or sl ;-)

Raman Kapoor said...

Dear Sir,

This (v)th will complete five waves from 7422?


Ilango said...

@ Raman Kapoor,

Yes. A simple view is that the "v"th wave is for the rise from 7422 and vth itself has started from 7675.

Alternative would be "waves sub-dividing as 1, 2, (1), (2), i, ii "...

Ilango said...

1, 2 = 7422--7524--7459
(1), (2)= 7459--7655--7596
i, ii = 7596--7722--7675
iii= 7675-- xxxx

ankita said...

We are going to make new highs. Need one arrow to hit the target for a winner.

marina s rao said...

Day Low : 7704.80 Day High : 7748.70 Range : 44 Points Day Pivot : 7693 Hr. Pivot : 7735

Currently above Hr. Pivot @ 7735 and above Day Pivot @ 7693.

NS a Century-n-Half above D JNSAR @7583.

NS above Resistance1 Cluster @ 7711-7725 for agressive trades.

NS currently hovering around 7740.

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

BAH = Buy And Hold

money said...

is rising wedge in nifty still valid...
what are the implication

Prithvi Raulji said...


Daily MACD Trigger???

Abhi said...


BN is not moving that much. Could that make this upmove of nifty as B ?

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