Thursday, July 10, 2014

Nifty Intraday Update-III


36 comments:

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.

marina s rao said...

Day Low : 7479.40 Day High : 7731.05 Range :252 Points Day Pivot : 7596 Hr. Pivot : 7670

Currently a Century above Day Pivot @ 7596 and above Hr. Pivot @ 7670.

NS well above D JNSAR @7683.

NS currently hovering around 7715.

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

Below 7648 above mode gets negated in Hr. T/F.

BOD = Buy On Dips

BAH = Buy And Hold

shriram said...

Intra NF OI is up 9.7% as of now with rise in price, to be seen as New Money Long Addition...

EOD bhaav copy will give right pic... Option writers move slower & they have not yet panicked .. May be the CEs are hedges to Futurz longs ?

What all this suggests, is chance of a HH is strong, but it may not sustain.. lets wait for EOD DATA

Ilango said...

The EOD Lead Indicator chart says:

Below 7711-26, weakness remains.

Prices have traveled 250 points from 7479 to 7731.

If kept below 7740(in case of an irrugular 'b" in the (4)), the retrace for the rise from 7533 to 7731(3) could play out...

Guru Krish (Trading Nirvana) said...

@Sonu --- as Shriram pointed out, it can also by hedge only EOD data can tell it more clearly... tom is weekly close, and key number for now 7688..

Remember Master's words ((As long as prices close below these (21 and 34hr SMA), technicals remain weak; after a close below it, "follow up" is important; if not, trend would reassert))

Sonu said...

@Shriram Sir,

In the morning, the Calls addition in 7600, 7700, 7800, 7900, 8000 was 10+ lac
Now only 7900 and 8000 levels are holding those additions.

shriram said...

@ Sonu sir : so tats suggests Short-covering wid this rise ,,

tensun kahe lete ho, OI behaviour sensible che ne ? :-)

Ilango said...

On a day, when the spread is 250+ points, you don't sit idle with your positions.

Manage them dynamically.

Prices have fallen from 7711-26 zone, as pointed out. Prices are trading below wk.pivot & 34 Hr smas-7680-88.

Sonu said...

@Shriram Sir,

You seem to be in good mood today :)

The 7600CE OI is declining with the fall. Good sign for bulls.

shriram said...

@ Sonu : mood in our hands, always better to be light n happy .. except when some clowns come along trying to divert attention :-)

We are here to learn how to make money , then lets make that damn money !



Ilango said...

"7650" is an ideal level to complete the correction for 7533 to 7731 rise.

Weakness gets pronounced below "it", also 5DEma & 21 Hr sma.

Ilango said...

This is the retrace, the last one for the day, can make or break the "Bulls".

7690 7696 ... is 50%-61.8% retrace of the last fall from …… 7718 to 7661

80% is - 7707

If weakness is to return, it should be around 7690 7696

Strength gets confirmed above 7696 OR 7707

shriram said...

Master,

BNS again flirting with St.5DEMA ... shud close higher ideally sir, for impulsive odds ?

Ilango said...

"7661" itself is breaking.......alert..

Hitendra said...

another 100 points gone on BN ... just like that.

Ilango said...

@ shriram,

If you look at the alternative:

A 3 wave from top, followed by an irreg. flat which is mistaken as a 5 waves...!!!

And that is bearish...

shriram said...

Tks Master, saved the day !

A J said...

@Hitendra
It is tough to be sometimes bull sometimes bear!

https://www.youtube.com/watch?v=ZZwF4_-dJK0

@SBSB
:D

Ilango said...

3.00PM TT & Chart updated.

Sonu said...

@Ilango Sir,

Weakness now confirmed?

durga said...

@sonu -thank yu it was now clear prices are going into trading mode. Premium eating plans on the cards. So wn yu actually mentioned yur observation - 7600 call addition is writing . Good and early observation . Keep going

shriram said...

literally saved the day - Master hats off !!

Ilango said...

@ Sonu,

Ilango said...
The EOD Lead Indicator chart says:

Below 7711-26, weakness remains.

Prices have traveled 250 points from 7479 to 7731.

If kept below 7740(in case of an irrugular 'b" in the (4)), the retrace for the rise from 7533 to 7731(3) could play out...

July 10, 2014 at 2:22 PM

Weakness was always there; market gives a false feeling intraday. Only EOD close will confirm any reversal...

Ilango said...

Prices are closing below "Most" HEmas;

Prices are closing below "Most" close emas.

Prices are likely to close below "Day & Hr" Low Emas.

marina s rao said...

Day Low : 7479.40 Day High : 7731.05 Range :252 Points Day Pivot : 7596 Hr. Pivot : 7650

Currently below Day Pivot @ 7596 and Hr. Pivot @ 7650.

NS a century below D JNSAR @7683.

NS currently hovering around 7560.

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

Above 7571 above mode gets negated in D T/F.

SAH = Sell And Hold

sometimesbullsometimesbear said...

@AJ....Anything is possible....Nothing is impossible.....

Tough to swim against the current.....Easy to flow with the river.......:):)

Tough if one gets attached to the role.....Easy if one is just an actor.....:):)

Just flow........Let the Universe take care of the nuts and bolts.....It does a perfect job.....:):)

Raman Kapoor said...

Dear Ilango Sir,

Yesterday you had mentioned negation of ED below 7650 and possibility of a complex 4th sub-wave. So should we now consider this fall as the C-leg of the 4th sub-wave or the tentative label of 5th wave finishing at 7809 is more probable now?

Thanks

venkatapathy l said...

Tempestuous day; kept out of the market. Bye sir and friends

LV

Ilango said...

@ Raman Kapoor,

5933 to 7809, a 5 wave done.(Almost). From the price behaviour on a key event day, it does seem so. Nevertheless, FII flows in cash mkt is positive so far. Today's data will be keenly waited for.

the 4 th wave mentioned is for the rise from 4770. Before that keep in mind this 3rd wave that started from 5933 could sub-divide too.

We travel the direction when waves offer multiple options.

Ilango said...

@ Raman Kapoor,

ED gets negated when "d"(the present fall, so far 7479) goes below "b" at 7442.

shriram said...

Master,

When time permits, pls list out all the labels with alts. that seem viable to ur eyes pls :-)

Venkatesh S said...

So Ilango sir, does C wave correction still pending before any upmove?

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