Tuesday, September 30, 2014

Nifty Intraday Update-I


83 comments:

marina s rao said...

Day Low : 7943.75 Day High : 7968.55 Range : 25 Points Day Pivot : 7962 Hr. Pivot : 7952

NS below OK ( Octa Kilo = 8000).

Currently hovering around 7960.

NS around Day Pivot @ 7962 & above Hr. Pivot @ 7952 indicating bullishness.

NS in BOD mode in Hr. T/F & in BOD in Day T/F.

Strength continues above Hr. HEma @ 7972.

BOD = Buy On Dips

marina s rao said...

Followers of JNSAR :

Day Low : 7943.75 Day High : 7968.55 Day Range : 25 points

NS trading nearly Half a Century below TODAY'S JNSAR @ 8021.

NS just below Hr. JNSAR @ 7965

NS above Day's pivot @ 7962 & above Hr. Pivot @ 7952 indicating bullishness.

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

NS currently hovering around 7963.

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

rj said...

@ Yash and Dhan.......might be you loose your plan because of indiscipline which comes from not having 100% confidence in your strategy or Trading system , why this happened as at Justnifty blog we have so many proven systems & strategies , there could be 2 major reasons for this first- we want to squeeze every penny from market & for this we using too many strategy in our trading , second - we are using our own trading system called prediction which gives really good results only in account debits..........i suggest you & prithvi raulji & all we just use JNSAR at least for 6 months with discipline n no other thing n see the magic of getting rich ......thanks

Roshan Baheti said...

@ Sonu Ji : Is PCR giving bullish indications ?

Sanjay Jaiswal said...

Dear Ilango Sir & Blogmates,

OI Table Update at 11:00AM, Pivot-8001, S1-7963, R1-8032, VWAP-7991

The index is in pause mode waiting for the all important RBI policy, Addition is equally for the time being with 8000 level actiing as a Pivot…

Thanks & Regards

Crorepathi said...

"Trade with confidence , not with fear"
To get confidence you need to do home work thoroughly, once you have confidence you can see market as pet following set of rules and not as stray animal running unpredictably wild.
The first line of sharing is very very important insight after loosing couple of lacks and years in market .

Hitendra said...

Whats the news on RBI policy? it was at 11 o'clock. BN has suddenly fallen 100 points now.

Hitendra said...

Repo, CRR unchanged.

shriram said...

GM Master & JN Family,

Have a gr8 day !

marina s rao said...

Day Low : 7943.75 Day High : 7977.30 Range : 34 Points Day Pivot : 7962 Hr. Pivot : 7966

NS below OK ( Octa Kilo = 8000).

Currently hovering around 7964.

NS around Day Pivot @ 7962 & around Hr. Pivot @ 7966 indicating indecision.

NS in BOD mode in Hr. T/F & in BOD in Day T/F.

Strength returns above Hr. HEma @ 7974.

BOD = Buy On Dips

Sunil Minz said...

sir & friends
Good morning
even after announcements no reaction so indecisiveness !!!!

gs said...

7900 pe good addition looks base formation

sudharsan said...

Master can we re sell near 7990 weekly pivot??????

gs said...

looks like some good move in making ...bears can take to support 7800,bulls can take to 8200
range needs to be broken on either side

Roshan Baheti said...

@ SONU JI :- YOU WERE ABSOLUTELY RIGHT. MASTERS THEORY MIXED WITH PCR CAN GIVE GREAT RESULTS. NIFTY BLASTED. THANKS TO MASTER & YOU BOTH FOR THE HARD WORK ONCE AGAIN. KEEP IT UP.....!!

Sonu said...

@Roshan ji,
When in doubt, look at other charts (volume, change in OI and OI).

The change in OI is suggesting of a fight between bulls and bears for domination.
Yesterday, we had both FII and DII net buyers of equity.

Where do you think the market is going based on the above info?

Sonu said...

@ Roshan,

I think, it is still too early to choose a winner. I would wait for 8008 OI pivot:
http://www.niftytrader.in/live-nifty-open-interest/

gs said...

@sonu your view on increasing 7900pe oi

Roshan Baheti said...

@ SONU JI : THANKS FOR YOUR GUIDANCE.

Sonu said...

@gs,
I think bulls are more confident of being able to defend 7900 than 8000.

Sunil Minz said...

sir
we are below JNSAR can we short below 7975

sudharsan said...

Master and seniors views on Bank nifty also pls.............

Sunil Minz said...

sir
longs can be done above 8012-8021 only

sudharsan said...

After part booking done ...... reentry always is challenging!!!!!!!!

Prabhanshu Raman said...

Good afternoon Sir and friends
Sudarshan, yes its difficult but can be mastered with confidence and taking small risk. For eg. Yday prices reached till 34hrsma but was not able to close above on hourly basis. Short cud have been initiated with small sl for 50-60 points.. yday 34hrsma was at 7991 and prices went down till 7936.. isnt a good trade.

Prabhanshu Raman said...

Now today..at 12..prices closed above 34hrsma and since morning taking support at 21hrsma...so no shorts...for short we may need to wait for dhema or jnsar...
But if no positions..then long cud have initiated at 12 wen prices closed above 34hrsma with small sl...

sudharsan said...

@ Prabhanshu Raman yes have to learn a lot.....waiting for JNSAR to trigger

dinesh said...

Is JNSAR now triggered or we wait for the filter

sudharsan said...

JNSAR triggred ....................

marina s rao said...

Followers of JNSAR :

Day Low : 7943.75 Day High : 8026.40 Day Range : 83 points

NS trading above TODAY'S JNSAR @ 8021.

Initiate LONGs around NS @ 8021 with strict SL @ 7991.

NS Half a Century above Day's pivot @ 7962 indicating bullishness.

Close Shorts initiated on 23rd Sep around NS 8049 at a comfortable level.

NS currently hovering around 8026.

Note : As JNSAR HIT just now Whipsaws r possible.

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

Sanjay Jaiswal said...

Dear Ilango Sir & Blogmates,

OI Table Update at 1:00PM, Pivot-8001, R1-8032, R2-8069, VWAP-8026

RBI policy was a no-show but GDP Growth was scaled upto to 6.3%, and the PE writers took the opportunity to add huge at 7900PE Level, Bulls seems to be Back…

Thanks & Regards

marina s rao said...

Manage trades by following retrace of rise from NS @ 7944 to 8031 ( + 87 points).

More strength above NS @ 8039 (Golden ratio retrace of fall from 8160 to 7842).

NS currently hovering around 8016.

Prabhanshu Raman said...

MS Rao ji...last retrace is from 7944 or 7972. I can see clear 5 waves from 7972 till 8031

marina s rao said...

7988 7977 ... is 50%-61.8% retrace of the last rise from …… 7944 to 8031

73.6% is - 7967 80% is - 7961

Strength continues above 7988 OR 7977

Weakness returns Below 7967 OR 7961.

marina s rao said...

@ Prabhanshu ji,

I am novice in Elliott Wave counting.

For retrace calculation purpose I have taken 7944 simply as it is last 2 hour low (11.00AM) .

Sonu said...

Puts are adding like there is no tomorrow and we will never see 8000-- again in this series. But is it the true story?
http://www.niftytrader.in/nifty-live-change-in-oi/

marina s rao said...

NS above 10 DMA @ 8019.

More strength above NS @ 8039 (Golden ratio retrace of fall from 8160 to 7842).

NS currently hovering around 8025.

Prabhanshu Raman said...

MS ji...counting waves in 2 mins chart is always a challenge as Sir says. But from 7944 i cant see 5 waves till 8031. I may be wrong and only Sir can give correct rising point.
As per earlier red abc counts, if a was from 7842 to 7993, then b might be from 7993 to 7935. If rhis is correct then c cud be till 8086 as per a=c

Prabhanshu Raman said...

Fall from 8031 till 8008 is of 5 waves as a and corrective b might have done at 8027..now may b c unfolding.
This abc is for the rise i am considering from 7972 till 8031

ak said...

its writers all the way as options on both sides premium decreasing....and stoplosses for long and short both hit

Sonu said...

It was a bull trap after all the technicals and JNSAR and PCR was aligned.

Moral of the story: market may not follow technicals on announcement day!

ITradeForProfit Daily said...

Nifty found resistance at the far end of ND Sir's ATR Sell Zone and now 70 points below that level in a jiffy.

ak said...

nifty flight returned midway to base 7950

Sunil Minz said...

ak@and other friends
market follow technicals very well
Try to mix this JNSAR with Lance Beggs method of trading we all can rule the markets

Amit Agarwal said...

people making big lossses n 80% formula not helping, this is fictitious market..one day 0.80% formula will bring on roads to its users..

ITradeForProfit Daily said...

@Amit Agarwal,

For me that would be the "Road to prosperity". !!!

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Yash and Dhan said...

Again 21 HRSMA supporting.

marina s rao said...

Followers of JNSAR :

Day Low : 7932.05 Day High : 8030.90 Day Range : 98 points

NS trading Half a Century below TODAY'S JNSAR @ 8021.

Continue SHORTS INITIATED by reversing Longs @ 7991 with strict SL @ 8021.

NS below Day's pivot @ 7962.

NS currently hovering around 7953.

Note : As JNSAR HIT and reversed just now Whipsaws r possible.

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

prakashbkc said...

GA seniors,

Kindly update 21hr SMA, 34 hr SMA Please?

Sonu said...

@ Amit Agarwal,
One man's loss is another man's gain in trading. You should be happy that we are going down this path.
Go and make money with your methods and plz... plz... plz... for God's sake "GET OUT of HERE"

shriram said...

Simple eyes:

If 5waves down from 8031 NS, then shud end near 7910-25 NS

ITradeForProfit Daily said...

@Shriram,

7910 also ND Sir's Buy Zone

Ilango said...

I changed the format to emphasise on "Allow the ST action to exhaust while keeping your focus on MT technical to have the right perspective.." this morning.

Reemphasised with:

When you initiate your trade based this way, there will be tremendous level of discomfort as your secondary studies would not be confirming and the counter trend moves are swift & powerful to unsettle even the experienced.

And the chart shows" Resistances from 8025" with a redline.

Few days back, I suggested, Nifty will close below 7954 and whatever was available above "is your profits"..

"Road less Travelled".

Please join me...your new companion.

brijsolution said...

@ prakashbkc...

Hourly 21.. 7955 & 34 ..7958..

Daily 21.. 8053 & 34 ..7987

prakashbkc said...

Master,

Kindly update chart waiting since 12

Nilesh said...

market behaving like this 7900 put was not written but actully bought, if they bought than mkt
will go below 7800 sure. still 7900 put was not unwounding.

brijsolution said...

Nifty looks going for major trend reversal below 7840..

brijsolution said...

tomorrow last day for trading .. then tuesday will open mkt.

heavy volatile nifty ..

prakashbkc said...

Master,

I m following u from last two years,

May GOD enlighten us to follow ur footsteps sincerely in this financial jungle

Crorepathi said...

Sir,
Oh Gosh!!!
You are always creative in nurturing us, last time was, some fisherman avatar.
Sooper sooper sooper ji
Heartily welcome new companion

Raj said...

So much volatility - Is market being ready for a big move in either way.

brijsolution said...

DLEMA 7925 nifty bounce from there..

rj said...

Master,
You are a super star what a way for a new entry......heartily welcome .
May GOD bless you with health, happiness & prosperity

brijsolution said...

Yes Raj,,, Me to have fear.. but trend is friend.. & trend is down..

sudharsan said...

Sir 3 pm update pls..................

Sunil Minz said...

@amit aggrewal
no one is here to loose money most of us mix well this method with other day trading method friend
the best one is GAURESH in this arena see his method of trading @MYTRADINGTECHNIQUE.THEN COMMENT

brijsolution said...

Sir,,,

Still nifty in trading range ??

Hourly.. daily & weekly .. nifty in between all this High & low Ema

anmpatel said...

@master
from your comments i understand this only. hrly macd is up right now. we should wait it to align day and week macd which are down. right?
thanks.

gauresh59 said...

@ Sunil Minz,

Thanks for the compliments......
It is the result of blessings of
(a) teachers like ilango sir, DR sir, etc. and
(b) Almighty
with which it has become possible for me to follow my disciplinary rules.
Simply taking positional trades as per system and then
on the strength of that positional trades, rotating some of the position and fund as per the intraday trend with partial booking of profit or loss whatever may be the situation.

Yes always prefer to remain the follower of Three Monkey Disciplinary rules of Mahatma Gandhiji. Always prefer to remain all alone in the office during market hours. That is the real truth......

Hemant Jadhav said...

@Sunil Minz
Kya aap Goursh ke customer hai?
ye finance jungle hai
koi master nah koi student nahi

Sunil Minz said...

@Hemant
i am not anyones customer
since last 10 years trading the jungle bahut kamayaa aur loose bhi kiya
rule and trick dekhne aur sikhne ki chiz hai
try to be humble and try what i am saying

Hemant Jadhav said...

@Sunil
bachoo! you are last 10 years in stock market but for me you are idiot only
not developed, I have seen rise of the just nifty blog since foundation and now looking fall also.
I have seen many so many so called experts that time came here like you (dr , kumar technicals, gouresh etc) , praised the master and trapped unknown countless newbies, plundered their wealth, but themselves became penny-less, addicted to the wine and drugs .
so please do not praise anybody here,
may god bless you!
get praised by the master ,opened paid services,trapped

kalyani said...

nse site showing fii selling but http://www.cdslindia.com/publications/FIIDailyData.aspx site showing fii buying . any body pl clarify ?

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