Wednesday, July 23, 2014

Nifty Intraday Update-III


16 comments:

D.S.SASAN said...

Good Afternoon Dear Sir, Bros. & Sis's.

Everyone is silent after market moved upwards , perhaps against the wishes.

Guru Krish (Trading Nirvana) said...

Why such silence... @master .. .. I think, What Crorepathi said is absolutely right... this weekend lets celebrate life :)

Ilango said...

3.00PM TT & Chart Updated.

Ilango said...

@ D.S.SASAN,

Market Moved exactly from the 61.8% retrace at 7753.

Also it did not break 7751. How it was arrived at ?

7809 to 7768 was a 41 pt fall as an "abc-3 wave structure" followed by an "x" to 7796.

Next abc was from 7796 and it should not fall below 7751(7796-41=7751) if the market undercurrent is strong.

We have been stating this fact everyday in our Pre-Mkt view to adopt this strategy:

**The strategy that has worked consistently well with low risk-high reward ratio is "Initiating a trade at 50%-61.8% retrace with 80% as SL". Adapt to it.**

herry said...

DEAR SIR banking and banknifty viwe....?

Ilango said...

@ herry ,

Weak only below 15420.

If weakness to emerge, it could be around 15540-565 which would also mean, strength returns above it.

Raghavendra said...

For BN traders :

Prices are likely to close below Dev DHEMA @ 15473 and Dev Pivot @ 15497 .
Lead indicator in day time frame is triggered - cutting below the ema line.

Prices are also closing below HHEMA @ 15525.

herry said...

dear sir maruti viwe now last week low hold and not above 61.8% last fall any given idea for maruti...

Raghavendra said...

Hanging man patter in Nifty on day timeframe

herry said...

dear sir maruti b is done now c...is unfolding..?

Raghavendra said...

Shooting star pattern in Bank Nifty

Crorepathi said...

Congrats Mates!
All Time Highest Closing in Nifty.

D.S.SASAN said...

Respected Sir, market can never go against your calculations. I was just writing about the silence of board members. I know there are some other members also who calculated and written about the market crossing 7800 around 10 days ago.

Guru Krish (Trading Nirvana) said...

@Crore -- Congrats and @ master BIG JAI HO!!

D.S.SASAN said...

July 9,2014 at 3.17p.m. Shriram Ji written: "Master, So now, better to see7807-7552 as a 5 seq.
complete."
STOCK4SURE SAID... NS TAKING SUPPORT AT t/l OF 7441 AND 7552
If channel is developing then may probably trgts 7700 till tomorrow and 7850 next week.

Prabhanshu Raman said.... Above 7477, +ww may trigger if 2 hrs closes above it. 1-4 line tgts comes to 7800+ (on July 14,2014 at 1.35 P.M.)

mynac said...
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