Monday, September 8, 2014

Nifty Intraday Update-II


17 comments:

Prithvi Raulji said...

@Sonu,

PCR Increasing today in uptrend ,also 8100-8200 put add



Prithvi Raulji said...

Dhirubhai Dhirubhai aavya 6e,

Dhoom Dhadaka Lavya 6e

Sonu said...

@ Prithvi,

Clearly bullish OI so far with Gap up sustaining. Nothing to add at the moment. More chances of Nifty breaking above 8150 soon

Rest as master says, Follow the prices.

Amit Agarwal said...

focus upon ur sincere OI work...avoid discussion with old mental case...

Sonu said...

@ Prithvi,

PCR below 1.18 will be first sign of bearishness, if any:

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

Observation based on my experience with this chart.

Prithvi Raulji said...

@Sonu,

You mean if PCR going below 1.18 than short ???

Sanjay Jaiswal said...

Dear Ilango Sir & Blogmates,

OI Table Update at 1:00PM, Pivot-8113, R1-8154, R2-8191, VWAP-8156

Based on PE addition at 8200-8000, Dips won't come easy, the Bulls are in full control for the day, may accelerate anytime if 8145 NF is held…

Thanks & Regards

Sonu said...

@ Prithvi,

OI is not complete trading system. It has to be mixed with price, RSI, pattern.

At this time (for me), Considering RSI OB in hour and day - PCR below 1.19 would give upper hand to bears. And PCR below 1.18 could be a trigger for short position with strict SL.

Unknown said...

if Shriram on friday was correct in saying that on BNF wave C is unfolding then BNF below 16100 should target 15904. cud someone clarify please. Besides 50% fibo for the entire range on BNF currently is at 16147, it has not sustained that as yet. Also hourly 5HEMA on BNF currently is at 16146

gs said...

looks like shorts getting trapped...and short covering in last 40 minutes possible

Prithvi Raulji said...

Ohh, Future making high but NS not crossing 8150

Piyush Sharda said...

sir,
last rise now from 8133?

Ilango said...

@ Piyush Sharda,

A 5 done from 8050 to 8157, the target. Also a 5 from 7862.

But from 7540, there could be more highs possible.

Hence, we monitor initially "from 8050"... And if prices move past 8157, consider that waves are sub-dividing...

We are yet to see FII's selling.. And VIX too is quite subdued..

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