Tuesday, August 19, 2014

Nifty Intraday Update-I


18 comments:

Raghavendra said...

Simple observation : when ever prices moved 125 to 150 pts away from 34 hrsma - there was a time correction to catch up with this average.

Currently price is nearly 150 point away from this average.

nifty rider said...

BNF still has strength...

Bhavin Naram said...

Ilango sir, J10.SAR value of Aug 19 is not correct, In morning post it was 7736, currently it has the value of Aug 20. Pls check.

Num Char said...

Sir ,

Whats the probable count looks from low of 7540 ?

First glance looking into hourly gives the appearance that 1st wave completed at 7757 with 23% correction till 7696 and 3rd started from there subdividing and 3.iv going on now with one more impulse to complete 3 .

Ilango said...

Because the fall from 7919 to 7882 resembles a 5, it is possibly a zigzag correction. Hence,

7901 7905 ... is 50%-61.8% retrace of the last fall from …… 7919 to 7882

80% is - 7912

If weakness is to return, it should be around 7901 7905

Strength gets confirmed above 7905 OR 7912

Raghavendra said...

@ Numchar,

Or 3rd ended with 4th going on - approx 60 pts correction ( 2nd wave quantum) coinciding with support cluster between 7865 to 7855 levels via week r1, hrlema, 50 to1.8% retrace of the rise from 7817 and last evening - last hr consolidation zone.

Prana Swaminathan said...

SBI future currently at 2440 , shows a high of 2485 . Watch out for Bank stocks and BNF !

Ilango said...

@ Bhavin Naram,

In morning post the J10SAR shows the same value of 18th for 19th too.

Once the market starts, it changes based on the price closing on each hour - meaning it is developing. Only with the EOD price, the new J10SAR is established.

Ilango said...

@Num Char,

Your first observations have a lot of intuition and unadulterated observation. Cling on to it.

Develop/ maintain that approach.

Sanjay Jaiswal said...

Dear Ilango Sir & Blogmates,

OI Table Update at 11:00AM, Pivot-7846, R1-7919, S1-7805, VWAP-7903

The PE Writers are in commnad from the morning itself with huge addition at 7900 Level, Buy in Dips till VAH at 7886 NF is held…

Thanks & Regards

Prithvi Raulji said...

SBIN enter in positive bias with 13&34 EMA crossover

Num Char said...

Thanks Sir !!
Your words are blessing .

Num Char said...

@Raghvendra

You could be right , I dived into shorter time frame 1 minute which gave a feel of from 7696 to 7780 chota 1 and then correction till 7760 and 3rd started from there . ratio wise it looks 1.618 of the 1 Though shorter time frame is very subjective and fragile and view can change frequently so I use only for observation.

Hemant Harke said...
This comment has been removed by the author.
Ranganath Pandurangi said...

JN group... I appreciate if any one can share Linear Regression Intercept and Forecast calculation in Excel file please

Ashutosh Agarwal said...

1 week back all people were saying 7200-7300. Now they are saying 8200-8500 by September. I feel a better rally will be there in the year end.

ITradeForProfit Daily said...

Does any one see a +WW developing on 15 mins NF charts?

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