Friday, July 25, 2014

Nifty Intraday Update-II


34 comments:

Guru Krish (Trading Nirvana) said...

Looks like truncated ??? very impatient "bears"???

Ilango said...

If "c" was truncated at "7799.40", next fall has started from 7799.40 and retrace to be monitored for the fall from 7799.40.

Crorepathi said...

There are some people who's big ego is preventing them from progressing or learning. It's been 4 years many of us have become wiser and profitable traders, but some still struck in the same level and still blabbering. Shame on them to abuse god given IQ

Ilango said...

"Above 7796", mild strength....

Guru Krish (Trading Nirvana) said...

@Crore -- Why such sudden Kolaveri ?? :D

Ilango said...

Manoj Borse posted in the group- Advance-Decline Ratio Reveals..!!

It did give the "sell Signal" at 9.45AM today @ 7820 when Decline crossed over Advances...An additional confirmation on critical days.

mridul deka said...

UNKNOWN papaji
Toi ki marili cairn ind ? ki hol

Ilango said...

7799.40 to 7780.55, a small 5 done, followed by a corrective rise to nearly 80% at 7793.85.

Another small 5 done from 7793.85 to 7781.20. Now the 80% at 7791.30.

"contracting ranges...ahead of a big move...

Malay said...

big move downwards or upwards?

Ilango said...

@ Malay,

All the impulsive 5's were in the direction of "Down"..

Guru Krish (Trading Nirvana) said...

@Master - Timely alert :) thank you

Ilango said...

1.00PM TT & Chart Updated.

Ilango said...

For a ST reversal, prices must close below "7756"

For a MT reversal, prices must close below "7738", today..

Ilango said...

And both numbers will be tested today...most likely.

Ilango said...

Now, monitor the fall from 7790.55 to 7763.10.

Bearish:
7774 7777 ... is 38%-50% retrace of the last fall from …… 7791 to 7763.1

80% is - 7785

If weakness is to return, it should be around 7774 7777

Strength gets confirmed above 7777 OR 7785

Guru Krish (Trading Nirvana) said...

@Master -- can we also interpret, If this happens to be the IV then, 0.38- 7748 can give a hold and also shows some strength of the up-move to finish the final leg of V...

Ilango said...

The Hour channel support is "7763". 34 Hr Sma has risen to 7757 now. DEma-7756.

Any reversal attempt can happen "here" only..

Hence, monito the above retrace levels...7777 or 7785.

Ilango said...

@ Guru Krish (Trading Nirvana),

All the technicals are pointing down. Only the EOD prices would confirm it. (As of yesterday's EOD prices, everything was "UP")

Ilango said...

7756, first number has been tested.

7738 is pending....

Amol Sharma said...

nifty futures 7753 will it act as support as per fibonacci retracement and support resistance levels.

Ilango said...

Now, for the retrace of 7793.85 to 7748.60

Ilango said...

Bearish:
7766 7771 ... is 38%-50% retrace of the last fall from …… 7794 to 7748.6

80% is - 7785

If weakness is to return, it should be around 7766 7771

Strength gets confirmed above 7771 OR 7785

Prabhanshu Raman said...

-ww which triggered at 7815 has achieved its 1-4 line tgt at 7748

Ilango said...

First 5-wave fall was from 7841 to 7786.55 = 54 points.

Next 5-wave fall is unfolding from 7799.40, likely to target a min. of 7745, almost done and 7712(1.618 of 54, a bearish scenario)

Guru Krish (Trading Nirvana) said...

with every fall OI is decreasing in NF... suggesting, longs getting liquidated and fresh shorts have not entered the system yet.. is my interpretation correct ??

Ilango said...

One more low (below 7748.60) would complete a 5 from "7799.40 fall" provided prices are kept below 7774..

rashmi said...

Sir,where is the support fr reliance?

Guru Krish (Trading Nirvana) said...

@Master -- now this 5 can be truncated one ??

Sahil said...

And this may make a 3.A from 7841.(Further needs to be tested by retrace) sir?

Unknown said...

25SMA on Reliance@ 1010.45

Unknown said...

One more low (below 7748.60) would complete a 5 from "7799.40 fall" provided prices are kept below 7774..
July 25, 2014 at 1:39 PM.

Sir, wht if prices do not stay below this ????

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