Monday, September 1, 2014

Nifty Intraday Update-I


Stockathon said...

Good Morning Sir & Friends...

It's nice to know you are feeling better now :)

prakashbkc said...

GM Master,

It is heartening to know about ur health

Suraj said...

Good Morning Ilango Sir and Friends,

Nice to about your improved health. Let it be continued.

With Regards

Ilango said...

@ SN,

Trail with 7955, approx.

7991 7981 ... is 38%-50% retrace of the last rise from …… 7939 to 8023

80% is - 7956

If strength to return again, it should be around 7991 7981

Weakness gets confirmed Below 7981 OR 7956

Piyush Sharda said...


as per my understanding of retracement strategy is that in 3rd/extended wave this 80% tl with stop
works very well. once 3rd ends support/resi as tools become better. a knowledge of ew and a good trading plan will help in getting good results by retracement strategy. though the strategy is simple
but if used mechanically may give many whipsaws like other methods. this is my understanding. request sir to correct/add if reqd

johnrego said...

GM Master
Wish all Long Life, Good Health, Peace & Wealth.

Sanjay Jaiswal said...

Dear Ilango Sir & Blogmates,

OI Table Update at 11:00AM, Pivot-7990, R2-8021, R3-8053, VWAP-8038

The 8000PE writers are on a rampage, and now 8000 Level has been taken care off on the first day of the series, CE writers content with 8200 Level…

Thanks & Regards

Ilango said...

Intraday Weak below "8008-8004".

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