Monday, July 21, 2014

Nifty Intraday Update-II


21 comments:

Ilango said...

@ cooldent ,

Yes, It is a 5.

80% at 7714.

marina s rao said...

Day Low : 7681.35 Day High : 7722.10 Range : 41 Points Day Pivot : 7648 Hr. Pivot : 7691

Currently Above Hr. Pivot @ 7691 and above Day Pivot @ 7648.

NS a Century-n-Quarter above D JNSAR @7566.

NS in Resistance1 Cluster @ 7695-7713 for agressive trades.

NS currently hovering around 7695.

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...

@ cooldent,

Notice that prices retraced to 61.8% at 7706 and fallen. The SL for that trade at 80%-7714 could now be changed to 7710, 61.8%+4.

Lower it to cost after few minutes.

If it plays out a=c; it will be 7706-41=7665.

SP said...

@All the critics and Learners,

Master has just shown how to plan the actual trade...low risk high reward, initial stoploss, trailing SL and targets everything is given....nothing will get simpler than this!

Ilango said...

@ Prabhanshu Raman,

You spotted a stock for a sell based on -ve div.

The prices came closer to R1:167, making a high of 166.65 and fell below day Pivot:161.90.

This is weakness for intraday...

Being an uptrending stock, one should wait for EOD close below 5DEma for confirming further weakness and sell on rises..

Ilango said...

If prices do not breach 7681, low of the day and move higher, it would mean that corrective rise for the 5 wave fall from 7722 to 7681 is still continuing and it is possible that it could move closer to 7714, 80% and then weaken..

In such a scenario, the SL should be maintained just above 7714.

This is for "intraday trades" only...

Abhi said...

Sir,

These days open-low/high no much working..Volatility is the reason ?

suresh said...

Sp ji,
could u pl elaborate on your statement

suresh said...

Master has just shown how to plan the actual trade...low risk high reward, initial stoploss, trailing SL and targets everything is given....nothing will get simpler than this

bb said...

@ Prabhnshu - Is Tisco a sell with 550 as the tgt ? What is your analysis?

Prabhanshu Raman said...

Thank you sir. It worked. Now macd triggered down in 60 mins chart as well.

Bb- tisco made small rising wedge in 15 mins snd was sell at 567.15 sl at 570.65.. t1 560 t2 549..
Didnt post earlier as wad not able post its chart

SP said...

@Suresh ji,

He identified the probable fives from 7722 to 7681. Then initiating the trade near 50-60%(7702-06) fibo retrace with initial SL just above 80%(7714) . If its playing out a=c then target is given@7665. hence low risk high reward trade. also given instructions on trailing SL after prices moving in favour...trailing will help increasing gains if its in 3rd instead of c....hope it clarifies..

vksoni said...

irregular type correction.Holding 7676 c could move towards 7717.

bb said...

Thanks Prabhanshu for the update.

Ilango said...

Last fall from 7699 to 7676 should be used to trail at 7691-94 for 7665 target, if not booked or part booked.

marina s rao said...

Day Low : 7676.25 Day High : 7722.10 Range : 46 Points Day Pivot : 7648 Hr. Pivot : 7697

Currently below Hr. Pivot @ 7697 and above Day Pivot @ 7648.

NS a Century above D JNSAR @7566.

NS below Resistance1 Cluster @ 7695-7713 for agressive trades.

NS currently hovering around 7680.

Drifting lower & lower to fill the gap created in Opening.

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

SOR = Sell On Rises

BAH = Buy And Hold

Prithvi Raulji said...

@Master,

Is MACD Trigger On Upside

Prabhanshu Raman said...

idfc fall is in 5 waves from 166.60 till 160.60. Also hr macd triggrred down.
Expecting retrace till 80% of fall then again 1 fall to complete correction

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