Tuesday, September 23, 2014

Nifty Intraday Update-II


13 comments:

Ilango said...

Odds favour "B" wave completed at 8160.

Monitor the last fall retrace to manage trades.

Prices once again got resisted at 8157-61 cluster as it did yesterday..

3-hr low broke at 8114 after 12.00PM to suggest weakness.

Most technicals seem to align for downsides; however, being the settlement week, choppiness is likely. Hence, trade cautiously.

marina s rao said...

Day Low : 8037.80 Day High : 8159.75 Range : 122 Points Day Pivot : 8124 Hr. Pivot : 8072

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

Currently hovering around 8065.

NS Half a Century below Day Pivot @ 8124 & below Hr. Pivot @ 8072.

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

Strength returns above Hr. Ema @ 8104.

More Weakness below D Lema @ 8034.

SAH = Sell And Hold

SOR = Sell On Rises

CDG said...

Dear Ilango,
If Odds favour 'B": completion. how are you looking at C wave. is it a 5 wave or it has to be a 3.
Regards,

Aijaz said...

JNSAR shorts taken at 8049 should have a stop loss of 8079. They should reverse to JNSAR longs at 8079 with a SL of 8049.

marina s rao said...

Followers of JNSAR :

Day High : 8159.75 Day Low : 8037.80 Day Range : 122 points

NS trading above TODAY'S JNSAR @ 8049.

NS Half a Century below Hr. JNSAR @ 8124.

CLose LONGs initiated on 18th Sep.

NS Half a Century below Day's pivot @ 8124 indicating bearishness.

Time for shorting as NS is around 8049 with strict SL @ 8079.

NS currently hovering around 8055.

Note : As JNSAR is very fresh Whipsaws are highly possible.

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

FNO HOUSE said...

dear sir jnsar hit so week trade is doun...? ans me plz

Ilango said...

@ CDG,

It is early times.

All the 3 scenarios listed in Pre-Mkt view had "downsides" - ii, (b), C...

Today's EOD close & Friday's EOD close would tilt it in favour of "one" of the above "three".

Your question: whether "C" would be 3 or 5 sub-waves.

Since the fall from 8180 to 7925 showed a 3 wave structure, we presume it to be a "Flat" and hence, 3-3-5.

If a truncated "5" completed at 8161, it will be a fresh correction.

Hence, more time & confirmations needed.

The fall from 8160 suggests of a 5 wave structure..

marina s rao said...

Day Low : 8008.10 Day High : 8159.75 Range : 151 Points Day Pivot : 8124 Hr. Pivot : 8047

NS just above OK ( Octa Kilo = 8000).

Currently hovering around 8015.

NS a Century below Day Pivot @ 8124 & below Hr. Pivot @ 8047.

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

Strength returns above D Lema @ 8032.

SAH = Sell And Hold

NI3 said...
This comment has been removed by the author.
NI3 said...

@ M. Raosir
Our stop loss for short taken @ 8049 level will remain as it is or it will change
Thanks in advance
Nitin

marina s rao said...

@ Nitin ji,

Stop loss for shorts taken Today @ 8049 or below continues to be @ 8079 only.

NI3 said...

@ M. S. Rao sir,

Thanks a lot sir once again for prompt replay.

Himansu Mehta said...

Dear sir,
Perhaps it is a coincidence that your health faltered and Nifty turned volatile.
Your appearance on the Blog,( momentum) has reduced.
Since your relative strength has weakened. May it return soon.
Hence, your average rate of appearance on the blog will go up.
Our support for you.
Regards
h.mehta



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