Tuesday, July 22, 2014

Nifty Intraday Update-I


14 comments:

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?

Thanks

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...

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

Prithvi Raulji said...

@Master,

Daily MACD Trigger???

Abhi said...

Sir,

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

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