Friday, July 11, 2014

Nifty Intraday Update-II


27 comments:

Arjav Patel said...

i have buy the nifty 7566 so we hold the nifty or exit it so which level we exit ?
Please advice it.

Raghavendra said...

Ilango sir,

Can the current wave - going now be - 5th of 5th of lower degree ?

NI3 said...

Sir as per premarket post for bullish ST.
Conservative hold above 7495 minor bounce possible ?? Is this valid now also

marina s rao said...
This comment has been removed by the author.
marina s rao said...

Day Low : 7495.30 Day High : 7625.85 Range :130 Points Day Pivot : 7593 Hr. Pivot : 7535

HKPC broken momentarily.

Currently below Day Pivot @ 7593 and Hr. Pivot @ 7535.

NS more than a Century-n-Half below D JNSAR @7679.

NS currently hovering around 7510.

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

Above 7541 above mode gets negated in Hr. T/F.

SAH = Sell And Hold

Ilango said...

@ NI3 ,

Around 749(Keep a filter of 5-10 points), a 5 sub waves being done from 7596.

It, now, depends on the quality of bounce...

shriram said...

G.Afty Master & JN Family,

have a gr8 trading day !

Ilango said...

@ Raghavendra,

When in doubt, refresh the google chart and go on verifying higher T/F from 5 min to 30 min to day to understand the wave positioning as well as alternative scenarios while keeping in mind the changes in technicals in diff. T/f.

If multiple scenarios emerge, trade with lesser qty or wait it out.

From day's high, I see 3 waves so far. 7626 to 7549; 7549 to 7596; 7596 to 7495 or a bit lower.

NI3 said...

@ Ilango sir
Thanks a lot sir

Bharat Kumar said...

@Prabhanshu/ Seniors and Ilango Sir- Is RCom a buy at current levels?
The stock's fallen down over 20% in the past week now.
Also is it unusual for a stock in its 3rd wave to behave like this or a correction of this sort is usually normal..?

Ilango said...

Now focus on the quality of retrace for the last fall from 7536 to 7483 and then a larger retrace from 7596..if strength returns above 7522.

Ilango said...

Filter below 7495 has exceeded - weak.

rashmi said...

sir volumes at the low point of d day were higher than usual at 7481,nifty future.what does it mean?

Ilango said...

@ rashmi,

Probably a short covering at yesterday's low of 7479...

Ilango said...

OR at the break of 7479, yesterday's low, new short signal generated and more shorts added - price behaviour will reveal the truth....

Remaining below 7510-20, intraday cluster would be weak..

rashmi said...

another big spike in vol at 7525 spot nifty,probably some buying?

Prabhanshu Raman said...

Rcom at 121.... it won't go below 113.60... low might be done at 120.60...take your call and trade

herry said...

dear sir below 7505 panic...?

Ilango said...

@ herry,

You'll never panic if you have a SL for your trades....

Ilango said...

@ herry,

You have understood the retrace concept well.. Good for you.

Ilango said...

Last fall from 7536.35 is almost retraced fast .... another 0.35 pts..

herry said...

dear sir BN viwe given plz...?

herry said...

dear sir nifty not above last H high

Raman Kapoor said...

i-hns formation after 12 pm today with neckline at ~7633?

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