Tuesday, September 2, 2014

Nifty Intraday Update-I


16 comments:

prakashbkc said...

GM Master,

in BN chart
"The 5th wave in progress and its sub-wave "iv"th to unfold today taking up all day and the "v"th could end by tomorrow.
Confirmation would be the break of 15755."

Master, Is sub wave iv th wave confirmation is break of 15755 or completion of 5th wave confirmed by break of 15755 ?

Asha said...

Good morning Ilango Sir and all the Blog mates!

prakashbkc said...

GM Master,

in BN chart
"The 5th wave in progress and its sub-wave "iv"th to unfold today taking up all day and the "v"th could end by tomorrow.
Confirmation would be the break of 15755."

Master, Is sub wave iv th wave confirmation is break of 15755 or completion of 5th wave confirmed by break of 15755 . I think 5th wave complition is confirmed by break of 15755. Am I reading correctly?

Sanjay Jaiswal said...

Dear Ilango Sir & Blogmates,

OI Table Update at 11:00AM, Pivot-8054, R1-8091, S1-8032, VWAP-8074

The PE writers are at it again, with huge addition from 8100-7700 Level, 8000 now looks good support for the day and maybe for the week, Profit booking may emerge at higher levels…

Thanks & Regards

Sonu said...

With 42lacs OI and PCR hovering near 0.3, 8100CE remains a tough nut to crack for Nifty:

http://www.niftytrader.in/

Ilango said...

A 5 sub-waves seem to be getting completed from 8007 to 8067, also R2.

Ilango said...

@ prakashbkc,

15758.85 is the ist wave for the rise from 15503.40.

Now, from 15670, a 5 sub-waves seem to be done at 16137. Let us monitor this last rise retrace to manage.

The confirmation of 5 waves from 15503 is possible only on a break of the ist wave top. However, part booking should be done periodically at iiird wave and a likely vth wave.

Ilango said...

I continue to maintain the following:

Ilango said...
@ CD G,

There are two bullish views:

1. The 5th wave from 7540 is presently unfolding and could end around 8050-80 zone, holding above 7960.

2. The 1st wave from 7540 completed at 7929(389 points), the 2nd completed at 7862 and the 3rd wave unfolds. Hence, the retrace from 7862 is critical as well as "Price formations from 7862 as a 5 sub-waves".
September 1, 2014 at 1:45 PM

Ilango said...

11.00AM TT & Chart Updated..

prakashbkc said...

thanx Master for reply

Sonu said...

There are still 2 advancing shares for every decline. Expect mild correction only:

http://www.niftytrader.in/advance-decline-tracker/

Sonu said...

OI turning more bullish:

PCR now comfortably above 1.09
Aggressive writing in 8000PE and 8100PE
http://www.niftytrader.in/nifty-live-change-in-oi/

Prithvi Raulji said...

@Master,

IN BN chart

You always mentioned ABC (C contd.)

So after completing 'C'
is bearish wave 3rd or 5th produced???

shriram said...

G.afty master n jn family,
The ihns on both ns n bns r approaching respective T1s : 8130-8170 & 16400-500

Hv agr8 day, bye !

Sanjay Jaiswal said...

Dear Ilango Sir & Blogmates,

OI Table Update at 1:00PM, Pivot-8054, R1-8091, R2-8112, VWAP-8082

The 8000PE writers are on the verge of making it a stable base for the next round of up-move, Buy all dips till Weekly VAH at 8015 NF is held…

Thanks & Regards

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