Thursday, July 10, 2014

Nifty Intraday Update-II


37 comments:

Ilango said...

Intraday strength above 7566, 61.8% retrace & (i) wave from 7620.

marina s rao said...

Day Low : 7479.40 Day High : 7626.85 Range :147 Points Day Pivot : 7596 Hr. Pivot : 7535

Currently below Day Pivot @ 7596 and above Hr. Pivot @ 7535.

NS well below D JNSAR @7683.

NS currently hovering around 7560.

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

Below 7540 above mode gets negated in Hr. T/F.

BOD = Buy On Dips

Ilango said...

7535 7525 ... is 50%-61.8% retrace of the last rise from …… 7494 to 7576

80% is - 7510

If strength to return again, it should be around 7535 7525

Weakness gets confirmed Below 7525 OR 7510

jai bhole said...

hello sir & friends

a very very volatile afternoon

STOCK4SURE said...

a small bearish WW developing in BN charts
may do pt5 near 14840-870 range near 1.00pm
trgts 14700 near 1.30
cmp 14770

Sonu said...

Cautious buyers and panic sellers. The volumes are not impressive for the volatility:
http://www.niftytrader.in/nse-stocks-volume/

If the budget brings some good news for investor, possibility of a bounce

STOCK4SURE said...

BN may have done pt5 near 14855cmp
time 1.00pm
trgts 14680-70 near 1.30
jf breaks below it then 14600 soon

Raman Kapoor said...

hourly stoch triggers at 1pm

Ilango said...

Prices rallied from the retrace point of

7535 7525 ... is 50%-61.8% retrace of the last rise from …… 7494 to 7576

Ilango said...

Prices, on moving past 7566, the (i)st wave of the fall from 7620, confirmed a larger reversal;

It, then, retraced to 50%-61.8% retrace of the last rise from …… 7494 to 7576 at 7535-25(7532.70) and moving higher.

STOCK4SURE said...

7649 is 55ema in 30min NS charts
15121 is 55ema in 30min BN charts...
may give res to upmove

rashmi said...

as such if initiated longs what shud be d course of action sir?

Ilango said...

Now, focus on this retrace for 30 mins..

7615 7603 ... is 38%-50% retrace of the last rise from …… 7549 to 7656

80% is - 7570

If strength to return again, it should be around 7615 7603

Weakness gets confirmed Below 7603 OR 7570

Ilango said...

@ rashmi ,

Prices are in a trading mode. And the spread is high.

Hence, if able to identify a retrace point and enter into a trade, book profits periodically..

Ilango said...

Retracements are swift and reversals too are immediate.

7809 to 7479 retracement is on.

5DEma & 34 Hr smas are the immediate targets. 5DEma is done; 7683, 34 Hr sma remains, also the 61.8% retrace..

Ilango said...

From 7479,

1,2, (1), (2),(3) are unfolding...!!

Ilango said...

Now, the retracement should be for the last rise (3) from 7532.70 to 7682.2(approx)

7625 7608 ... is 38%-50% retrace of the last rise from …… 7533 to 7682

80% is - 7563

If strength to return again, it should be around 7625 7608

Weakness gets confirmed Below 7608 OR 7563

marina s rao said...

Day Low : 7479.40 Day High : 7682.20 Range :203 Points Day Pivot : 7596 Hr. Pivot : 7546

Currently above Day Pivot @ 7596 and above Hr. Pivot @ 7546.

NS below D JNSAR @7683.

NS currently hovering around 7650.

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

Below 7606 above mode gets negated in Hr. T/F.

BOD = Buy On Dips

BAH = Buy And Hold

Sonu said...

Fall from 7650 is retraced in less time. Bullish

Sonu said...

PCR has also risen with this rise: Bullish

http://www.niftytrader.in/nifty-intra-pcr/

Sonu said...

OI table becoming bullish. Only hurdle 7600CE still holding.

http://www.niftytrader.in/nifty-live-change-in-oi/

Sonu said...

@Ilango Sir,

Other than JNSAR, what other indicators we can use at this stage to manage position?

Ilango said...

@ Sonu,

Since the price pattern unfolding is of "bullish nature", trail it using "Last rise retrace"; presently, it is from 7533, quite steep.

Ilango said...
From 7479,

1,2, (1), (2),(3) are unfolding...!!
July 10, 2014 at 1:20 PM

Ilango said...

@ Sonu ,

We must act when we see our "critical number chosen" on the screen surpassing.

If we are compelled to change it too often, it is best to stay on the sidelines.

EW's key retrace surpassing gives us confirmation of reversals.

Following such signals is sufficient.

Sonu said...

Thanks Master,

Volume table also looking bullish. All sellers have now turned buyers suddenly.

http://www.niftytrader.in/nse-stocks-volume/

shriram said...

--> back

Yup, so the bounce has come, but forget a ABC, this looks a new 5 :-)

cooldent said...

Finally some rain this part of India

Guru Krish (Trading Nirvana) said...

But what happened to those additions in CE during the fall, aren't they panicked? lets c what happens at the last hour ...

Sonu said...

@Ilango Sir,

What are the next resistance levels to monitor? Is 80% of complete fall still an important level to monitor?

Sonu said...

@Guru Sir,

The 7600CE still holding on. Any clues why?
http://www.niftytrader.in/nifty-live-change-in-oi/

marina s rao said...

Day Low : 7479.40 Day High : 7724.05 Range :245 Points

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

Below 7691 above mode gets negated in Day T/F.

NS above Day JNSAR @ 7683

Stop loss for this long JNSAR @ 7653.

Ilango said...

@ Sonu ,

I think, "Shriram" has answered it quite well - No abc now, only 5.

Nevertheless, keep the trailing number handy to manage positions.

The 350 points fall from 7809 has been utilised to pick up deliveries....It should be confirmed with FII data at EOD.

durga said...

Good after noon master n blig mates
@sonu - what it means 7600 still holding. Pls explain , thank yu

Ilango said...

7680, wk.pivot & 7688, 34 hr sma must hold for this rise to continue...

Sonu said...

@durga,

7600CE has seen net addition of 620k for today:
http://www.niftytrader.in/nifty-live-change-in-oi/

With this rise the Calls OI should have decreased, ideally speaking. But this fact alone is not enough to rule-out any bullishness.

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