Tuesday, August 12, 2014

Nifty Intraday update-III


20 comments:

Ilango said...

Ilango said...
A 5 done from 7599 to 7691(truncated 5th @ 7676)

7656 7645 ... is 38%-50% retrace of the last rise from …… 7599 to 7691

Low made "7655" -

On a small range day - 20 points.

Similar retracement strategy worked yesterday too, another small range day.

jittery said...

Prabhanshu sir,

What is happening in Tata Steel ??

nifty rider said...

weekly trend reversal.....avoid shorting

murli said...

ILLANGO SIR

FILTER ON NIFTY APPLY OR NOT ?

Ilango said...

@ murli ,

Based on my inputs so far, it continues to be "UP".

A shallow retracement of 38%-50% was suggested.

Declining channel resistance came at 7675.

Thus, it makes for a "no-filter", besides getting supports from Day technicals as we have been suggesting last two days..

Ilango said...

Weak below 7675-81.

Raman Kapoor said...

According to pre-mkt view, now Nifty can rally anywhere

vishnu said...

Sir sorry for net getting your comments properly. Sir JNSAR at 7675 . So whether the trade is to be reversed at 7675-20 or 30 . Please do guide.

murli said...

ILLANGRO SIR

THANKS

cooldent said...

Sir tomorrows BN JNSAR?

Ilango said...

@ vishnu,

JNSAR followers take trades based on "Price triggering the JNSAR number"

JNSAR followers, sometimes, choose to take trades based on "Price triggering the JNSAR number+30"

Once price triggers, they keep a filter of 30(earlier 20).

As you spend more time in the market place, you could anticipate and apply filter or no filter based on your exposure & experience in the market derived from sound technical studies, which are updated 5 times a day.

Some may choose to ignore other studies and follow JNSAR mechanically.

Raghavendra said...

Nifty Dev DHEMA = 7685

vishnu said...

Sir Thanks a lot for clearing my doubts. thanks once again for your guidance.

Ilango said...

3.00PM TT & Chart Updated.

Crorepathi said...

sir,
IN BN if 4th wave correction would be flat or contracting trainge for the fall from 15750-14300 which is A had a formed a 3 wave correction and the rise from 14339 -15550 is the B and the fall from 15550 - 14700 is the C which is .7 of the wave A and the rise from 14700-15280 level can be D and the fall from 15280-14850 would be the E which will end the contracting 4th wave which will be quote appropriate for the extended 5th wave, please confirm if this is a contracting or flat where the B will end at 15750 level

Ilango said...

@ Crorepathi ,

It does not look like a CT.

It is a flat correction, possibly with abc-x-abc. We'll know soon enough. The ST direction is UP.

Ilango said...

A pause here at R4-7734.

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