Thursday, August 14, 2014

Nifty Intraday update-II


34 comments:

Ilango said...

@ Prabhanshu Raman,

The time factor will come into play now. If it does not go higher to make a new high, the correction would be more than 58 from 7781.

Squander Star said...

Master,

Bank nifty levels pls

Unknown said...

Foll were the waves on BNF.
1. 14984 - 15040
2.15029-15105
3.15105 - 15055
4. 15044 - 15093
5. 15093 - xxxxxxx

Unknown said...

BNF mean average @ 50% on these 4 waves is at 15060

Prithvi Raulji said...

After long time BN sustain above JNSar,

Sonu said...

@Ilango Sir,

RSI is sustaining in OB zone, which is a signature of 3rd wave. With firmness in broader market and huge retail investor participation, doesn't it indicate that we are in 3rd wave?

Plz enlighten.

ramesh said...

Mid Cap and Small Cap stocks are under performing to NIFTY. Is it possible to nifty to make higher levels and sustain there. Kindly give your views Elango sir

Ilango said...

It was suggested 7750 to hold for newer highs.

It was also suggested, at 12.24PM, that the time factor to resolve a minor ivth wave(holding 7750) to have a newer high...

Ilango said...

@ Sonu,

State the T/F..

Bhavin Naram said...

I think the JNSAR numbers mentioned above are not correct. They have been shifted by 1 day. Pls check.

Ilango said...

@ Squander Star,

It is available both in EOD & Pre-market posts in Stock wealth

ITradeForProfit Daily said...

Looks like failed to make a new high NS

Prithvi Raulji said...

Banking stock getting strenght

Ilango said...

Weak below 7760-65.

Unknown said...

on BNF 15086 wud be crucial now

Sonu said...

@Ilango Sir,

Thanks.
I was trying to clarify on the 2 EW options you shared. hourly RSI in OB zone. Nifty making higher highs and higher lows (also in hourly).
Does it tell us that we are in 3rd?

Ilango said...

@ Bhavin Naram,

Thank you.

I have corrected & updated.

Prabhanshu Raman said...

Sir, still not able to make new high and able to save 7750..very confusing...

Ilango said...

@ Sonu,

The two options are for higher t/f- day & week.

The current rise from 7540 has been so far a steady rise similar to the one from 7422 to 7841. Sub-waves are a bit difficult, though I have attempted to update them.

Ilango said...

@ Prabhanshu Raman,

Take a look at the chart above. Very less confusion.

As updated earlier, the weakness below has been shifted higher to 7765.

Unknown said...

BNF 25SMA @ 15159.60. so b careful here

Squander Star said...

Master,

Bank Nifty looking for a Larger Retrace from 15417-14709 61.8 comes @ 15147 & 55DAY @ 15187. these two are the immediate resistance above this WKHEMA 15333 would be the target... am i right master pls guide

Ilango said...

@ Squander Star,

am i right master pls guide....

Only market can guide you by way of holding "last rise retracements".

You can only follow as long as certain critical levels are held.

Good luck to you.

Unknown said...

SLide on BNF upto 15105 and below possible now

Ilango said...

Bering the last day of the week, WHEma, presently at 7766 is critical.

Squander Star said...

Thanks a lot master....

Will stick by the rules...

Unknown said...

BNF probabal RISE upto 15161 n FALL

ITradeForProfit Daily said...

@Unknown,

Your comments are inclined towards predicting and not following.

Raghavendra said...

BN minor intraday resistances from 15170 to 15180 by way of Day S2 @ 15179 and Week R1 @ 15170

Unknown said...

MORE PRESSURE on BNF below 15105. 50% retrace of the current Wave being 15133. and 80% being 15161

Unknown said...

BNF below n sustaining ONLY BELOW 15105 will target 14992 and lower

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