Thursday, September 25, 2014

Nifty Intraday Update-III


38 comments:

Aly said...

Dear Ilango Sir,

Repeat: Doesnot 8025-8000-8018-7990 look like a 3-wave as the morning high was 8019 and hence 8025-7946 should be counted as an irregular b

marina s rao said...

Day Low : 7938.40 Day High : 8019.30 Range : 81 Points Day Pivot : 7998 Hr. Pivot : 7953

NS below OK ( Octa Kilo = 8000).

Currently hovering around 7940.

NS Half a Century below Day Pivot @ 7998 & Hr. Pivot @ 7953 indicating bearishness.

2nd Cluster support @ 7925-40 for Agressive trades BROKEN by NS once.

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

Strength returns above Hr. Ema @ 7967.

SAH = Sell And Hold

Prithvi Raulji said...

Big Brother trap to all little traders

marina s rao said...

Followers of JNSAR :

Day Low : 7938.40 Day High : 8019.30 Day Range : 81 points

NS trading a Century below TODAY'S JNSAR @ 8062.

NS below Hr. JNSAR @ 7985

NS below Day's pivot @ 7998 & Hr. Pivot @ 7953 indicating bearishness.

Continue Shorts initiated on 23rd Sep around 8049 with Partial booking / follow with comfortable TSL.

NS currently hovering around 7949.

Consider closing Sep Month shorts initiated around 8049 NS with 100 points profit now.

Note : As we r in Last 70 Mins. of Expiry day Whipsaws are possible.

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

FNO HOUSE said...

dear ilango sir nifty close below 8000 weekly trande is doun...?

Ilango said...

@ Aly ,

This scenario is marked in the chart-Green.

In the ST t/f, the sub-waves could be counted in either way at certain junctures...

I emphasised the importance of just turning down exhausted week trend & that one should keep off ST counter trend sub-waves..

Hitendra said...

BN Slipping rapidly again !!!!

Ram said...

master can we take long from 50 day sma please guide

gs said...

5min chart oversold

Aly said...

Thank you sir,

As yo have pointed out, technically Nifty is looking weak right now. My query was because I was trying to think from EW perspective. Why I asked was whether I was reading the waves correctly.

Even if we consider 7950-8019 as 5-wave, then in my opinion, from EW perspective we should have another 5-wave up move

Hitendra said...

BN down 400+, whats the possible target?

S N said...

Sir

Is it advisable to go long at 15320 ( golden ratio for the rise from 14709 to 16310 for bank nifty WITH A 50 POINT STOP LOSS ?


Pl advise.

Thanks

SN

Prithvi Raulji said...

HItendra,

Looks like we are in 4th wave :)

Hitendra said...

Prithvi Raulji - Any targets where one can go long?

marina s rao said...

Followers of JNSAR :

Day Low : 7912.70 Day High : 8019.30 Day Range : 107 points

NS trading nearly Century and a Half below TODAY'S JNSAR @ 8062.

NS Half a Century below Hr. JNSAR @ 7985

NS below Day's pivot @ 7998 & Hr. Pivot @ 7953 indicating bearishness.

Continue OCT Shorts initiated on 23rd Sep around NS 8049 with comfortable TSL.

NS currently hovering around 7919.

Consider closing Sep Month shorts initiated around 8049 NS with 130 points profit now.

Note : As we r in Last 30 Mins. of Expiry day Whipsaws are possible.

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

Aly said...

Ok sir, another scenario 8025-7950-8019 as an irregular 2/b wave which would mean that we are in 3/c down from 8019

Hitendra said...

BN - Monday 22nd Sep @ 16271, after 3days @ 15266 !!! 1000 points fall ...

gs said...

targets on day charts are very low for this move

Prithvi Raulji said...

looks like break 7840 today :)

Ilango said...

3.00PM TT & Chart Updated.

marina s rao said...

Day Low : 7877.35 Day High : 8019.30 Range : 142 Points Day Pivot : 7998 Hr. Pivot : 7927

NS a Century below OK ( Octa Kilo = 8000).

Currently hovering around 7895.

NS a Century below Day Pivot @ 7998 & Hr. Pivot @ 7927 indicating bearishness.

2nd Cluster support @ 7925-40 for Agressive trades BROKEN by NS.

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

Strength returns above Hr. Lema @ 7940.

SAH = Sell And Hold

Ilango said...

@ Prithvi Raulji ,

Two days ago, it was 34 dsma @ 7950 provided a brief bounce.(to 8025-75 pts)

Today, it is 50 dsma @ 7877 giving a bounce...it too likely to be a brief one...

Raman Kapoor said...
This comment has been removed by the author.
Bhavesh said...

Nifty avg till now ?

UNKNOWN said...

this is not a brief bouce sir

UNKNOWN said...

i do not agree with you

UNKNOWN said...

NIFTY IS ON ITS PATH FOR A NEW HIGH, THIS IS MY VIEW

Prithvi Raulji said...

Wt a game

Nifty Discount in old
and Premium in New

All is well?????

All in Big Brothers hand

Ilango said...

7925 7936 ... is 50%-61.8% retrace of the last fall from …… 7972 to 7877

80% is - 7953

If weakness is to return, it should be around 7925 7936

Strength gets confirmed above 7936 OR 7953

marina s rao said...

Followers of JNSAR :

Day Low : 7877.35 Day High : 8019.30 Day Range : 142 points

NS trading nearly Century below TODAY'S JNSAR @ 8062.

NS Half a Century below Hr. JNSAR @ 7985

NS below Day's pivot @ 7998 & Hr. Pivot @ 7953 indicating bearishness.

Continue OCT Shorts initiated on 23rd Sep around NS 8049 with comfortable TSL.

NS currently hovering around 7933.

ClosE SEP Month shorts initiated around 8049 NS with ABOVE 100 points profit now.

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

Prabhanshu Raman said...

Sir, why we are not considering that 4th ended at 7877 ie 50dsma? For learning purpose?

Ilango said...

Correction:
========

7929 7941 ... is 50%-61.8% retrace of the last fall from …… 7981 to 7877

80% is - 7960

If weakness is to return, it should be around 7929 7941

Strength gets confirmed above 7941 OR 7960

UNKNOWN said...

what a day!!!!!!!!!!!

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