Monday, July 28, 2014

Nifty Intraday Update-II


22 comments:

Squander Star said...

Master,

Bank nifty view pls

Sahil said...

Sir, From 7800 a 4 got completed at 7759 OR is this subdivision from 7791?

Unknown said...

Sir, ur views on Cairns wud be most highly appreciated

Ilango said...

@ Squander Star,

BN has often led the "direction"; it had closed below DEma on Friday and is moving towards WEma-15157 which is its last support..

Guru Krish (Trading Nirvana) said...

Looks Like DLEMA will be tested ...

Ilango said...

@ Sahil ,

2-min sub-waves is best left to an individual's observations.

Squander Star said...


thanks a lot " Master "

Sahil said...

I actually stay on 5 mins. I am more comfortable with this but sometimes I get mixed up..

deepak pinto said...

Sir
Is the Well channeled upmove from 7422 in the form of 3 x 3 x 3 ?

Ilango said...

Holding 7734, monitor the retrace of 7759 to 7734 and if exceeds 7754, then the retrace of 7800 to 7734 may be considered..

Ilango said...

@ Unknown,

I have given Cairn's broader view few days back.

Micro view needs studying the charts with TT which isn't available.

Saurabh said...

Master today is the birthday of the Legend - R.N Elliott (28 July 1871). Thanks to him for giving this genius tool - EW :)

Ilango said...

@ Saurabh,

Thank you for this info.

We celebrate him here everyday by honouring his studies...his years of hard work.

Crorepathi said...

On the occasion of R.N Elliott birthday, thanking him for this wonderful study, it makes you to see orderliness in randomness. Thanks Sir for introducing and educating.

Unknown said...

@ crorepathi = yaa yaa karrect !!!!!!!!!. kelaa

Sunil Minz said...

ilango sir

which JNSAR should we consider now 7729or 7704 please answer

Ilango said...

@ Sunil Minz,

You must make this choice based on your experiences...

I have been advocating the use of other studies to be incorporated with JNSAR trading. And those studies need time & application to become master at it.

There are simple JNSAR traders who initiate a trade as soon as it triggers and some use a filter of 30 points and some add a "close below or above" as an additional confirmation.

Since I do not follow thru' individual's position, my comments with out a follow up would strand the reader; hence, the need for independent decision making ability.

You start with simple JNSAR trading and keep improving your handling of JNSAR with your "month's & years of experience". No rule should hold you back in improving your performance as long as you keep it "simple & easy to follow".

Sunil Minz said...

ilango sir
thanks a lot
as a rule a=c but 61.8% is also considered isnt it sir

Ilango said...

@ Sunil Minz,

I have stated the common occurances though various other % happen. By observing the sub-waves as well as critical numbers, we could readjust our expectations.

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