Thursday, September 18, 2014

Nifty Intraday Update-III


17 comments:

Ilango said...

@ S N ,

You're calculating the wrong one because your 1 at 7968 has been overlapped by 7925; hence, it is not a 5 wave structure.

What we have marked is:

7422 - 7841=1=419
7841 - 7540=2=301
7540 - 8180=3=640
8180 - 7925=4=255
7925 - xxxx =5= could be anything.

Prabhanshu Raman said...

Good noon Sir and friends.
Sir, at what price red ABC may get negated and we can consider that green 5 is unfolding.

S N said...

Sir - Thanks..

SN

Ilango said...

@ Prabhanshu Raman,

As an "irregular flat" could go higher than 8200++.

Hence, this will not help.

But the "form" of "B" will be different from "5" and that is the only one which could "help"..

Aijaz said...

Wave 5 gives a target of 8395 or 8683 or 9153

Ilango said...

8114-28 are the cluster resistance in Hour chart, a minor one.

S N said...

Let us Hope Nifty and BN cross next milestone..Month pivot @ 8114 and 16204..

Regards

SN

Prabhanshu Raman said...

Thank you Sir.
Now last rise shd be from 8095?

shriram said...


We are nearing the Std Dev.1 zone.. 8120-40-60 NS, for the Day's hi to form here @ 68% prob.

S N said...

Sorry, week pivot for BN @ 16204.

Regards

SN

Sonu said...

Heard on Zee: India's rating upgrade possibility by S&P in next 48 hours was the trigger for today's upmove.
Is it a good idea to stay long with news driven upmove?

Num Char said...

Sounds like this will attract the flies(bulls) to fire to be burnt :)

"The Reserve Bank of India will announce the Fourth Bi-monthly Monetary Policy Review, 2014-15 on Tuesday, September 30, 2014 at 11.00 a.m."

ankita said...

Dow always reacts next day of fomc.

marina s rao said...

Followers of JNSAR :

Day High : 8114.85 NS trading well above TODAY'S JNSAR @ 8071.

Train left. Now consider taking LONGs with strict SL of NS @ 8041 only on retracement to 8071 areas.

Otherwise wait for next opportunity. Don't try to board a running train.

NS currently hovering around 8110.

Time for booking partial profits in Longs or follow with a comfortable TSL.

Caution : As JNSAR is just 4 Hrs. old, whipsaws are possible.

Strict SL is a must for all trades.

SUBASH M said...

good evening master...

Nidhi Singh said...

Today's morning NIFTY OPEN -33.70 POINT DOWN @ 7940.80 and SENSEX OPEN -79.32 POINT DOWN @26551.97 at Epic research.

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