Friday, August 22, 2014

Nifty Intraday Update-I


Ilango said...

@ Crorepathi ,

Refer BN chart in google week T/f or Day T/f. It would be quite clear that:

Current upmove's wave started from

8366.75 - 11736.25 - 1
11736.25 - 9944 - 2 (Irregular flat)
9944 - 15742 - 3
15742 - 14338 or 14709 - 4
14338(14709) - xxxxx - 5
is underway, to be followed by a correction of "larger 4th wave.." for the upmove that started from 7766.35.(7736.35 to 13414 being the big 1)

jayant singh said...

Sir the day JNSAR is not updated pls check.

nifty rider said...

bulls be cautious, bears started smelling honey......

Ilango said...

@ jayant singh,

Thank you.

I have updated it.

vksoni said...

wish to see 8000 today :-)
choti si aasha

Rajesh Rekhani said...

R Capital, Trendline BreakOut.
crosses and sustains over 571 ???

Crorepathi said...

Thank you Sir,
Because of you many of us are protected from "ullu banovaing" group which is trying reverse phycology now.

Prabhanshu Raman said...

Another ihns in nifty 5 mins. Neckline bo above 7925. Upmove cud be 21 and 60 points aprx. Sl 10 points below from bo point post trigger

gs said...

good morning master and blogmates

anyone tracking hdfcbank it is trying to breakout consolidation on 30 min charts

gs said...

hi prabhanshu
thanks for the update,
btw yesterdays ihns worked well on opening today

deepak pinto said...

1 and 2
I and ii
being done
await the obvious

Ilango said...

@ Crorepathi,

Since you seem to show some interest in EW, this is my suggestion:

EW works quite well in higher t/f as there is nil manipulation. But in shorter t/f, multiple scenarios would leave us to "choose" and when you choose, prejudices could creep in.

Hence, when in doubt, refer the higher t/f.

Sanjay Jaiswal said...

Dear Ilango Sir & Blogmates,

OI Table Update at 11:00AM, Pivot-7903, R1-7938, S1-7868, VWAP-7920

The 7900PE writers are back in action with huge addition of more than 8 lacs, downside for the day if any should be limited, Buy on Dips…

Thanks & Regards

nifty rider said...

@gs hdfc above 1068 it has strngth below 1061 weak

Crorepathi said...

Thank you Sir,
I am doing positional in BN Futures purely on EW based on day and week T/F with RSI and JNSAR for additional inputs. Still lot to learn in corrective waves, which once mastered then the "GOLD MINE" is ours.

Prabhanshu Raman said...

Sir, 5 completed at 7929 from 7882?

gs said...

i was looking for hdfcbank it has completed consolidation now broken out

Ilango said...

11.00AM TT & Chart updated.

Two retraces, one for aggressive (7906.5 to 7929)& one for conservative(7882-7929), are critical for the day. Change them when ever new highs are made.

Ilango said...

@ Prabhanshu Raman,

It depends..

From 7856, it could be 1,2,(1),(2) or 5 done from either 7882 or 7856. Keeping below 7929, pressure is on. Once you start to see (3) emerging above 7929, all doubts are dispelled.

Swami Shivkumaar said...

Dear Sir,
Day high is 7929., which makes the DHEMA 7904.

Ilango said...

@ Swami Shivkumaar,

Day's high is made at 11.04AM which will be reflected in the next update and that will be 7897.

DR.SGM said...

Dear sir,the rise from 7540 is the 3rd of 5th wave?if so 7841,the top of 1st should give i right? pls give if there is any alternate view.thank you.

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