Friday, September 26, 2014

Nifty Intraday Update-I


28 comments:

Ilango said...

@ UNKNOWN,

Market changes every hour ...every day..every week.

Based on these developing price patterns, we plan our trading strategies.

Our Pre-Mkt aggressive trade levels during the current week would have given a "follower" sizeable winnings.

I do not wish to predict. However, we do "identify" the "direction". And the trader, armed with the direction and the retracement table, would travel the success path all the time.

Answers to your questions are available in the morning's first post, Pre-Market View.

Prakash Tamilnadu said...

In first hour of trade Bnifty showing lot of volatility low15204high15460 almost a 250 point move
now trading at 15368

brijsolution said...

Gm sir..

Fall from 8158 to 7877.. fibbo 23.6% 7944 & 38.2% 7985..

So 7944 imp to cross

Hourly also 7945 resistance..

Prithvi Raulji said...

NS resisted nr 34DEMA @7956

Prithvi Raulji said...

Weekly JNSar triggered yesterday

For long SL 7931-30=7901 ,
For short SL 7931+30=7961,(hourly JNsar 7955)

marina s rao said...

Day Low : 7884.85 Day High : 7952.95 Range : 68 Points Day Pivot : 7936 Hr. Pivot : 7924

NS Half a Century below OK ( Octa Kilo = 8000).

Currently hovering around 7930.

NS a tad below Day Pivot @ 7936 & a tad above Hr. Pivot @ 7924 indicating indecision.

1st Cluster resistance @ 7955-61 for Aggressive trades preventing NS's rise & 1st Cluster

resistance @ 7885-95 prevented NS's fall. Break of either of this will decide direction.

NS in BOD mode in Hr. T/F, Day T/F & SOR mode in Week T/F.

Strength returns above Hr. Hema @ 7959.

SOR = Sell On Rises

BOD = Buy On Dips

Prithvi Raulji said...

BN next support around 14972, only short indicate BN chart

Sonu said...

Tussle on between FII & DII.
Tussle on between Bulls and Bears
That tussle is also reflected in OI chart. Right now, no clear direction:

http://www.niftytrader.in/nifty-intra-pcr/

Ilango said...

Quantitative Analysis:

Prices bounced off 34 dsma-7950 on 24th by 75 pts to 8025.

Prices have now bounced off 50 dsma - 7877 on 25th/26th by 76 points to 7953 (or 7885+75=7960; 80% of last fall -7960.)

marina s rao said...

Followers of JNSAR :

Day Low : 7884.85 Day High : 7952.95 Day Range : 68 points

NS trading Century and a Half below TODAY'S JNSAR @ 8058.

NS Half a Century below Hr. JNSAR @ 7955

NS below Day's pivot @ 7936 & Hr. Pivot @ 7924 indicating bearishness.

Continue Shorts initiated on 23rd Sep around NS 8049 with comfortable TSL.

NS currently hovering around 7900.

Note : Strict SL is a must for all trades whether Short or Long.

Prithvi Raulji said...

If weekly trend supporting today than we may see again -100 point down move today :)

Prithvi Raulji said...

In Weekly
7840-7865 support area

breaking of that expect down move up to 7540 :)

Prithvi Raulji said...

Hanging Man,

latak ja belt ki tarah

Ilango said...

Last month's close was "7954". Refer month chart and the suggestion has been for a lower close for "iv".

Sanjay Jaiswal said...

Dear Ilango Sir & Blogmates,

OI Table Update at 11:00AM, Pivot-7994, S1-7918, S2-7863, VWAP-7974

The New Series starts off with a range of 7800-8200, Nifty is a Sell on Rise till 8058, the Weekly VWAP is not taken out…

Thanks & Regards

sudharsan said...

Good Morning Master and Friends....... Master having part booked .. what would the best re-selling levels? Near 7968 (61.8%) ret or 7998 21hrsma ?

Prithvi Raulji said...

RIL ,LT and SBI

Breaking support and turning bearish

More down side pending in all stocks

Ilango said...

@ sudharsan,

One selling point was 7877+75 as suggested yesterday of a "brief bounce".

Anything above 7954, preferably close to 21 Hr sma or 34 hr sma would be a sell at least till Tuesday.

Once the first part of the down move gets over, we could then look for a larger retrace for the next sell while "trading the sizeable bounce".

Hitendra said...

BN back in -ve territory

Prithvi Raulji said...

@Master,

Please throw some light on RIL chart

Wave -A completed @859

Wave-B completed @1043

Now it is in 3/C from 1043
???
now iii tgt nr 925

Pls

marina s rao said...

Day Low : 7884.85 Day High : 7952.95 Range : 68 Points Day Pivot : 7936 Hr. Pivot : 7918

NS a Century below OK ( Octa Kilo = 8000).

Currently hovering around 7906.

NS below Day Pivot @ 7936 & Hr. Pivot @ 7918 indicating bearishness.

1st Cluster resistance @ 7955-61 for Aggressive trades preventing NS's rise & 1st Cluster

Support @ 7885-95 prevented NS's fall. Break of either of this will decide direction.

NS in BOD mode in Hr. T/F, SAH mode in Day T/F & SOR mode in Week T/F.

Strength returns above Hr. Ema @ 7930.

SOR = Sell On Rises

SAH = Sell And Hold

BOD = Buy On Dips

FNO HOUSE said...

dear ilango sir BN is 16310-15771 (A)
15771-16272 (B) 16272-15204(C) and c wave is 200% done...?so abc is done...?

Sonu said...

@Prithvi,
ICICI has made a lower low than yesterday and trading below pivot. Seems like more downside.
http://www.niftytrader.in/?id=ICICIBANK

STOCK4SURE said...

a small contracting triangle of 90 pts developing in nifty 2 day charts
ns cmp near 7890 is on lower T/L of CT pattern
may bounce from here towards 7935 to test upper T/L of CT
willl be negated below 7877

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