Tuesday, August 5, 2014

Nifty Intraday Update-II


16 comments:

Ilango said...

From 7720, the fall has completed a 3 waves and the 4th is on; resistances being pivots 7661-67. (Home to 20 dsma, the ST key average)

Sanjay Jaiswal said...

Dear Ilango Sir & Blogmates,

OI Table Update at 1:00PM, Pivot-7697, S1-7668, S2-7617, VWAP-7701

RBI Credit Policy remained unchanged with only SLR cut by 50 basis points, and Nifty saw some huge volatility and after making a new high for the day saw huge selling and now in Red though Option Table is Neutral….

Thanks & Regards

Prabhanshu Raman said...

Tatasteel forming triangle in 15 mins.
Buy above 550.75 t1 558.80 t2 571.80 sl 546.75
Sell below 543.90, t1 535.90 t2 522.85 sl 547.95

kizar khan said...

Hope nifty will touch 7150 by this weekend as broading top . J

SJkolkata said...

WE are feeling the absence of Shriram.....
Where is he.
Issue a Red Corner Notice for him

herry said...

Holding the retrace(7659) of last rise from 7636, new upmove unfolds, supported by OS day;
dear sir this viwe is posibality unfolding or not..?

Ilango said...

7673 7681 ... is 50%-61.8% retrace of the last fall from …… 7707 to 7638

80% is - 7693

If weakness is to return, it should be around 7673 7681

Strength gets confirmed above 7681 OR 7693

vksoni said...

look like rise towards 7745-55 pssible

Manish said...

Goodafternoon master,

Good to see the crap out.Is the "iv" wave ON ?

Trader Junkie said...

Also, 6783 is 5EMA coinciding with 61% retrace - a good place for the ivth to end !

Trader Junkie said...

I meant 7683 :) ! sorry

Pattern Trading said...

My dear master ,

Hope you are doing good

kizar khan said...

Which chart need to check about 4th wave on or not ??

Ilango said...

@ Manish,

the time taken is a bit long for the 4th of this fall.

For bearishness, keep the trend indicator chart wherein an "x" wave done at 7720 and an "abc" fall is unfolding. For weakness, it should break 7648.

If prices exceed the retrace levels, accept the strength and make your trades accordingly.



Manish said...

Thank you master.

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