Thursday, September 18, 2014

Nifty Intraday Update-II


hari said...

Master, if the fall from 8180 to 7925 is abc, Banknifty showed clear 5 wave down, could it be C wave ?
Pl clarify

Anoop said...

Sir pl clarify my query posted yesterday. Thanx and regards!
"Sir in first chart 6870 is shown as 1 but in 3rd chart its been shown as b? Pl. clarify it. "

prakashbkc said...

GM Master,

"8057 would negate five wave structure " What does it mean? which five wave structure r u refering?

shriram said...

Lets add Stats power..

Bell curve maths says, Day's Hi shud be formed in the range
8120-8160, with Hi-FreQ Mean of the Distr. @ 8140 NS !

68.2% Chances , as always

Ilango said...

@ hari,

BN too did a clear 3 waves - see Stock wealth

Ilango said...

@ Anoop,

It does not matter. You can choose either. Only when the "iv"th wave unfolded, it would have mattered but the 'iii"rd was so huge, it became irrelevant.

S N said...

BN hit JNSAR and just reversing down 20 points...Normally, it is common when JNSAR is nearing ..Any expert views..



Sanjay Jaiswal said...

Dear Ilango Sir & Blogmates,

OI Table Update at 1:00PM, Pivot-7989, R3-8085, R4-8133, VWAP-8065

The 8100-8000PE writers have just taken control of the Option Table and a close above 8100 looks very much on the Card, Buy on Dips…

Thanks & Regards

Ilango said...

@ prakashbkc ,

8057 was marked "i"st wave from 8180.

"ii"nd was marked at 8114.

After the "iii"rd fall to 7925(7940), the "iv"th exceeded "i"st wave low; hence, the 5 sub-waves was rejected and the fall was treated as "abc".

marina s rao said...

Day Low : 7939.70 Day High : 8094.00 Range : 154 Points Day Pivot : 7968 Hr. Pivot : 8070

NS Above OK ( Octa Kilo = 8000).

Currently hovering around 8080.

NS a Century above Day Pivot @ 7968 displaying bullish trend.

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

Strength COntinues above D Hema @ 8063.

Weakness returns below Hr. Hema @ 8043.

BAH = Buy And Hold

STOCK4SURE said...

time for alarm bell
some caution in longs
ns in res range
fingers crossed for a sharp fall towards 8020 intraday

marina s rao said...

Followers of JNSAR :

Day High : 8094 NS trading above TODAY'S JNSAR @ 8071.

Reverse SHORT trades entered on 11 Sep '14 to LONGs with SL when NS @ 8041 or below.

Time to consider taking LONGs with strict SL of NS @ 8041.

NS currently hovering around 8086.

Caution : As JNSAR is just 2 Hrs. old, whipsaws are possible.

Strict SL is a must for all trades.

Prithvi Raulji said...

if sbi breaking 2623 in cash than easy going above 2700/2750 in ST

hari said...

Thanks Master, I meant the same

S N said...


When time permits, please clarify, whether this wave 5 can be an extended one, since wave 3 ( from 7862 to 8180 = 318 points )was just 75% of wave 1 ( from 7540 to 7968 = 428 points ). What should we look for the same ? Thanks.


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