Friday, August 8, 2014

Nifty Intraday update-II


Prabhanshu Raman said...

-ww which triggered at 7720, has its 1-4tgt line at 7515 aprx.

Sir, Support Line joining lows at 7216 & 7422 comes near to 7541 (close to wlema). Can we see bounce from here?

Prabhanshu Raman said...

Bb - tisco confusing me. Rite now my view is:
5th started from 494
Ii 494 to 572
A.ii 572 537
B.ii 537 569
C.ii 569 xxxx
533 & 523.6 are 50 & 61.80% retrace values for the rise from 494 to 572

bb said...

Thanks for the update Prabhanshu

Ilango said...

7570 7573 ... is 50%-61.8% retrace of the last fall from …… 7586 to 7553

80% is - 7579

If weakness is to return, it should be around 7570 7573

Strength gets confirmed above 7573 OR 7579

Ilango said...

1.00PM TT & Chart Updated.

Ilango said...

7551 7554 ... is 50%-61.8% retrace of the last fall from …… 7562 to 7540

80% is - 7558

If weakness is to return, it should be around 7551 7554

Strength gets confirmed above 7554 OR 7558

Prabhanshu Raman said...

7500pe still holding. Wlema tested... good to watch now

Ashutosh Agarwal said...

We may recover now as sbi result is looking better

Prithvi Raulji said...


Market not depend only on sbi,

Still NS trying to making bottom for next big upmove

Prithvi Raulji said...


Sbi positive only if trading above 2465

BALA said...

Experts Shriram,Sujatha -vacation?

Social Media Earthworm said...

Shriram sir has got new responsiblities in office and hence not able to devote time @justnifty ...

chetas said...

My guess what Shriram would have said : ( joking)

1) Time to apply Bell Curve maths to Nifty Spot
2) low of the day -Dev.Dlo is 70 pts . THis is the mean of the Normal Dist.
3) 1st std deviation levels are x?!_)(X**
4) day low may be in 67% confidence level

Can't even immitate sriram's briiliance, but i have a gut feeling he would have said something like this :)))

trifid1787 said...

Hi, important suggestion and an fascinating post, it’ll be fascinating if this is still the state of affairs in a few months time+
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