Friday, July 25, 2014

Nifty Intraday Update-III


21 comments:

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 ????
July 25, 2014 at 2:0

Ilango said...

Bearish:
7795 7806 ... is 50%-61.8% retrace of the last fall from …… 7841 to 7749

80% is - 7823

If weakness is to return, it should be around 7795 7806

Strength gets confirmed above 7806 OR 7823

Ilango said...

@ Unknown,

If prices do'nt stay below it, it would be taken as "abc" only, a 3-wave fall and we start to monitor the "Last rise retrace"..(from 7752 to xxxx)

jai bhole said...

hello sir & blogmates

good afternoon.

Guru Krish (Trading Nirvana) said...

Just to remind fellow traders ---- Coming Tuesday is a "Trading Holiday" on the account of Ramzan... so we have 3 sessions for this expiry..

herry said...

DEAR sir sbin stock view plz..

Crorepathi said...

Guru, Kolaveri message would have reached that person and many seniors who happened to see the message of him would understand :)

mayank said...

Sir,

BankNifty Jnsar for monday .

Regards

Guru Krish (Trading Nirvana) said...

Crore -- Onnum purrile.. anyways sandhosham :)

durga said...

good after noon master n blog mates
master since there is no one more low ,(below 7749)as of now can we take as fresh five may start after abc fall from 7749..(SAY --abv 7785 confirmation?)

Hemant Harke said...

Sir if today close below 7787 last highest close can this will be bearish sign ?

Ilango said...

@ durga ,

There are two possibilities presently:

Bearish: A 5 waves done from 7841 to 7749 and a retrace is on..after which the fall resumes.

Bullish: A 3 wave 'abc" done from 7841 to 7749 and the next upmove has commenced..

rashmi said...

How will v know tht upmove hs started sir?

Guru Krish (Trading Nirvana) said...

Huge addition seen in 7650 PE... and now 50% Done of 7841-7749.. and good strategy by "players" keeping NF in discount :P

durga said...

master clear now .thank you

Raman Kapoor said...

The key takeaway from today seems to be the turning down and triggering of the 5-D lead indicator and a possible closing below DHEMA.

Ilango said...

@ rashmi,

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.
July 25, 2014 at 1:12 PM
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")
July 25, 2014 at 1:14 PM

Prabhanshu Raman said...

Idfc cmp 154.80.
Closing below all day emas.
Closing below hrhema only
-ww triggered on day tf and showed it's effect

durga said...

@raman kapoor ..true --expiry game is on --counter trend trades give bestRRR trades this week .waiting to initiate at 61.8 of todays fall-- small quantity initiated

SUBASH M said...

good evening sir...

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