Thursday, July 31, 2014

Nifty Intraday Update-III


22 comments:

Aditi Ekbote said...

My expiry no. is 7795- reason being week pivot and day hi-ema coinciding

sudharsan said...

Expiry below 7731 dlema

chetas said...

my expiry guess, 7890, trgt for the strange looking IHS 7799-7707-7799, reposting because the earlier one not visible

Ashish Agarwal said...

Reposting: :)

Today is most likely an Inside day to yesterday's upmove, which in itself is bearish. Combine this with Daily and Weekly technicals which are bearish. On adding EW view, whichever way you count 7840 ( as irregular B top or 5th wave top), the downmove should be faster than upmove of 7422 to 7840. Therefore, you are looking at 7400 levels by end of next week.

Please note: The above is only a view. Gets negated above 7840.

vishnu said...

Todays JNSAR needs 7747 -20 for trigger or at 7747 the same has been triggered pls do confirm.

suresh said...
This comment has been removed by the author.
Ilango said...

The Golden Trade: (High made 7774.55) & Low made closer to VIX lower range of 7735.(7741)

Ilango said...
7772 7774 ... is 50%-61.8% retrace of the last fall from …… 7784 to 7759

80% is - 7779

If weakness is to return, it should be around 7772 7774

Strength gets confirmed above 7774 OR 7779
July 31, 2014 at 1:33 PM

Prabhanshu Raman said...

resisted at golden ratio of the rise from 7708 to 7799

Rajaram'z said...

Sudharsan

JNSAR triggered yesterday with a SELL @ 7729, added 30 point filter for the same and we should been long from 7759. Now we will wait till 7717 (Todays's JNSAR - 30) to go short until then we are long.

raghava said...

Sir
What is the Support?

Ashish Agarwal said...
This comment has been removed by the author.
Ashish Agarwal said...

For those following JNSAR and are short, should probably keep this hour high (7770, aggressive trade) or 2 pm high (7784, conservative trade) as SL.
In any case, Ilango Ji is the best guide!

sudharsan said...

Master said,
Alternatively, it could be unfolding as an "expanding triangle" or "Broadening top" in which it could fall towards 7400 by either holding below 7825 OR, move higher towards the pattern top around "7880" and fall...

Ilango said...

@ Rajaram'z ,

The "clue" to not to use filter today may be taken from "Pre-Market's - conservative-7743".

Ilango said...

3.00PM TT & Chart Updated.

Aly said...

Dear Ilango Sir,

While JNSAR is short, Nifty not breaking through yesterday low. Can it be taken as sign of some strength or as Ashish pointed out it will form inside bar with larger bearish implications?

Ilango said...

@ Aly ,

When in doubt, pay a visit to 9 period Rsi - Day or Hour which will help you to resolve this issue.

From OB zone, this has turned down two days ago but it triggered "Today".

Aly said...

Thanks for clarification, sir

Post a Comment