Wednesday, September 17, 2014

Nifty Intraday Update-II


19 comments:

Ram said...

sri ram ji need guidance for Coalindia im long sir

STOCK4SURE said...

extremely sorry for typo

actual no, for trgt price is 8001(not 8101)

Prabhanshu Raman said...

Thanks S4S, your scenario is still valid. Nifty below 7950 now

shriram said...

@ Ram: i dont track it actively.. cursory view on Wk TA suggests a 4th wave is in progress down from 423.7

A +WW will form once CIL hits 325-329 zone. Wave 1 ended @ 315, so for label to be valid, u can hold ur Delivery wid SL @ 315 ,

If not possible, exit & try reentry of longs near 325-328, rgds

Prabhanshu Raman said...

Sir, is there any chance that still correction going on:
A 7925 7984 7937 7991
B 7991 xxxx going
C

marina s rao said...

Day Low : 7936.95 Day High : 7990.65 Range : 54 Points Day Pivot : 7968 Hr. Pivot : 7969

NS below OK ( Octa Kilo = 8000).

Currently hovering around 7954.

NS below Day Pivot @ 7968 displaying bearish trend.

Cluster Support @ 7896 - 7918 for aggressive trades waiting for NS's arrival.

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

Strength returns above Hr. Hema @ 7986 & D LEma @ 7989.

Weakness continues below Day Pivot @ 7968.

SAH = Sell And Hold.

Prithvi Raulji said...

Is this fall comes near 7892???

Sanjay Jaiswal said...

Dear Ilango Sir & Blogmates,

OI Table Update at 1:00PM, Pivot-7990, R1-8027, S1-7923, VWAP-7985

The Index is consolidating within the Values Area of 7953-8014, and based on Option Table it may stay within this range for the day, Sell on Rise continues…

Thanks & Regards

DR.SGM said...

Dear sir,is it possible that market can reverse without completing EW formalities[for eg,failure to complete 5th wave]provided the retracement level or time correction is achieved?

Rajesh Singh said...

Concept of Slope..
SLOPE = Distance/time
Somewhere I read and just adding it here..

Normal EW says 1-3-5 are trending and 2-4 are correction..so slope of 2 should be less than 1 and 4 to be less than 3.

APPLICATION: If you see correction slope more than its preceding trend, it means correction is not over yet. Need to wait for more time before correction to be over.

Just adding this concept on IIangoji marking on wave iv, which took 2 hrs.

Wave distance time Slope
iii 130 8 16
iv 66 2 33

Slope of ‘iv’ is more..Better not to jump now for ‘v’ but to wait for some more time

STOCK4SURE said...

a small contracting triangle developing in nifty charts...............
may possibly again test levels of 7942-47 range (to form a busted pattern ala WW)and then move up for 7990 intraday............
cmp near 7948.............near 7947 is support of lower T/L
45pt move in last 45 min.............
fingers/legs crossed

gs said...
This comment has been removed by the author.
marina s rao said...

Day Low : 7936.95 Day High : 7990.65 Range : 54 Points Day Pivot : 7968 Hr. Pivot : 7956

NS below OK ( Octa Kilo = 8000).

Currently hovering around 7948.

NS below Day Pivot @ 7968 displaying bearish trend.

Cluster Support @ 7896 - 7918 for aggressive trades waiting for NS's arrival.

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

Strength returns above Hr. Hema @ 7980 & D LEma @ 7989.

Weakness continues below Hr. Pivot @ 7956.

SAH = Sell And Hold.

Prabhanshu Raman said...

S4S, i am getting 7952 as breakdown level and 7982 as breakout level. 73 points is the movement it can give.

Raghavendra said...

@ Prabhanshu,

Will add more complexity :)

Looks like a complex "B" wave in play - waiting for C up.

Prithvi Raulji said...

@Master,

5/20 fast fall making in coming days???

Prabhanshu Raman said...

Ragha ji..even i have this in mind and askes sir as well...lets c

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