Friday, August 22, 2014

Nifty Intraday Update-II


24 comments:

Ilango said...

Weak below 7915 for "Intraday".

Ilango said...

@ DR.SGM,

We'll follow one segment of upmove by one. "7841", previous high, a resistance, would act as a support in case of a fall.

gs said...

nifty grinder...
sujata sis your views

Ilango said...

Retraced 61.8% of the rise from 7882 to 7929.

Not breaking 7899, it is likely the 5th from the lows of 7856 could be unfolding towards "Broadening top".

Weakness continues till below 7916.

Sanjay Jaiswal said...

Dear Ilango Sir & Blogmates,

OI Table Update at 1:00PM, Pivot-7903, R1-7938, S1-7868, VWAP-7920

The 7900PE writers are in full command with huge addition for the day and now PCR around 1.00, Range bound moves still on…

Thanks & Regards

Ilango said...

1.00PM TT & Chart Updated.

Prabhanshu Raman said...

Sir, pls give ur view on below given link. I think its ihns pattern (purple lines) in 60 mins chart. Neckline currently at 7925-29

http://prntscr.com/4f93m6

Raman Kapoor said...

Dear Sir,

Are there any ways by which one can differentiate between consolidation and distribution?

Thanks

Piyush Sharda said...

sir,
after the low of 7900 what is significance of 7915?

Ilango said...

@ Prabhanshu Raman,

It is not well formed.

Ilango said...

@ Raman Kapoor,

Volume could reveal to some extent.

Divergences could signal weakness/ strength ahead.

EW could help some.

But there is no fool-proof method.

Ilango said...

@ Piyush Sharda,

7916 is the 1st wave of the fall from 7924. Hence...

Piyush Sharda said...

thank u sir, so many tricks and tips u use consistently everyday but somehow still it clicks
to me only after u wrtie.

nifty rider said...

kya weeklly gapdown hoga?

Ilango said...

At a critical "inflection point-7899"...

Ilango said...

Last fall fast-retrace from 7912, 7900 is the next watch.....

Prabhanshu Raman said...

Thank you Sir for your guidance

Ashish Agarwal said...

Last fall from 7912 retraced in faster time!
Ilango Ji- hats off- you really breathe the Nifty!

nifty rider said...

one more chance to turn bear from bull

Ilango said...

@ Ashish Agarwal ,

All glory to Ralph.N.Elliott.

Now weak below "7908 or 7905"; holding these new highs possible.

TAnovice said...

A few days back, Illango in his pre market view had mentioned that markets will faced a minor resistance near 7927 before moving up and see how beautifully it has worked today... Hats off Sir to your analysis and guidance... Makes me often " when will we grow up"...

FNO HOUSE said...

dear sir BN next resistance ..? 15815- above...?

Post a Comment