Friday, September 26, 2014

Nifty Intraday Update-III


45 comments:

Ilango said...

@ Raman Kapoor,

It could be labelled as "Five sub-waves" from 8160 to 7841, considering +ve divergences in both hour & Day. The rise from 7841 to 7933 too show 5 sub-waves; hence, monitor the prices holding 61.8% & 80% at 7877 & 7860. Also 50 dsma is placed at 7885.

Stay cautious..

marina s rao said...

Day Low : 7841.80 Day High : 7952.95 Range : 111 Points Day Pivot : 7936 Hr. Pivot : 7908

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

Currently hovering around 7882.

NS below Day Pivot @ 7936 & above Hr. Pivot @ 7908 indicating bearishness.

NS above 1st support @ 7885-95 for aggressive trades weakening Bear's grip.

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

Strength returns above Hr. Ema @ 7910.

SAH = Sell And Hold

BOD = Buy On Dips

brijsolution said...

Nifty @ imp level ..

7880 WLEMA (10 points just above that level )

7920 DLEMA ( 30 points below that level )

Now which level nifty will decide.?? below day & week low ema

or

Atleast save week low ema..

1 hr to go ..

marina s rao said...

Followers of JNSAR :

Day Low : 7841.80 Day High : 7952.95 Day Range : 111 points

NS trading a Century and Half below TODAY'S JNSAR @ 8058.

NS below Hr. JNSAR @ 7918

NS below Day's pivot @ 7936 & above Hr. Pivot @ 7908 indicating indecision.

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

NS currently hovering around 7908.

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

Ilango said...

Now monitor the last rise from 7880.

saravanan k said...

S&P credit rating of India to stable from negativ
Ilango sir.
How will this news impact on the technicals

Saravanan

Prithvi Raulji said...

Acchey Din aa gaye bear ke liye

Sell in good new , Buy in bad news

Sonu said...

@ saravanan

Seems like this rise is effect of the news

Sonu said...

volatility as if it is the expiry day today.
Possibility of Gap up on Monday?

D.S.SASAN said...

Market showing the effect of RATING IMPROVEMENT.

NK said...

@Sarvanan,

It is only a outlook change not a rating change. Anyway still a good news.

NK

Vaishnav Shukla said...

Indeed 5 started...Missed a good opportunity...

Ilango said...

7937 7923 ... is 50%-61.8% retrace of the last rise from …… 7880 to 7993

80% is - 7903

If strength to return again, it should be around 7937 7923

Weakness gets confirmed Below 7923 OR 7903

saravanan k said...

@ Sonu & NK

Got excited since nf was flying as if it could change the table upside down

Saravanan

Prabhanshu Raman said...

Closed above 21hrsma at 3pm

Ilango said...

3.00PM TT & Chart Updated.

brijsolution said...

when nifty @ 7850-60.. PCR was 0.50 daily.. & nifty 50 DEMA Also.. So bounce already due..

Now imp is this low which made today.. once this low break then very very good fall can see..

So today's low major one support as well as rating news low..

Prithvi Raulji said...

Looking for sizeble Bounce ???

brijsolution said...

By this volatile mkt premium decrsing process going on..

Last expire premium was 10 point .. In this 60 point premium...

Now currently.. 30 points..

this premium decreasing give benefit to short position.

Bharat Kumar said...

Ilango Sir - Has Nifty broken out of a falling wedge?

brijsolution said...

Correction..Currently 65 points still premium

Crorepathi said...

Power of EW, i am enjoying it!
Jai Ho Elliot and Master.

Prabhanshu Raman said...

Sir, yday and today day candle looks like bullish piercing line pattern??

jittery said...

when everybody bearish market does ulta

Prithvi Raulji said...

@ Master,

abc completed @7992???

Sonu said...

This should soothe shorters :)
www.niftytrader.in/nifty-intra-pcr/

Ilango said...

@ Prabhanshu Raman,

Yes. 9 day rsi, the most reliable one shows +ve divergences. A close above 5 dema or 5dsma would suggest ST strength.

The direction has reversed just above 7841. It could be either vth wave or an "abc" corrective bounce.

Trade cautiously..

marina s rao said...

Day Low : 7841.80 Day High : 7993.30 Range : 152 Points Day Pivot : 7936 Hr. Pivot : 7949

NS below OK ( Octa Kilo = 8000).

Currently hovering around 796.

NS above Day Pivot @ 7936 & above Hr. Pivot @ 7949 indicating bullishness.

NS above 1st resistance @ 7955-61 for aggressive trades in Bull's grip.

NS in BAH mode in Hr. T/F, SOR mode in Week T/F & in BOD in Day T/F.

Strength continues above Hr. HEma @ 7951.

BAH = Buy And Hold

BOD = Buy On Dips

Ilango said...

@ Prithvi Raulji,

It depends on "last rise retrace" (7880-7993) and "making or not making a high higher than 7993".

Prithvi Raulji said...

Lagta hai stock market ko 6odna padega

i will say bye bye in short term

Ilango said...

@ Sonu,

Such a huge divergence...!!

marina s rao said...

Followers of JNSAR :

Day Low : 7841.80 Day High : 7993.30 Day Range : 152 points

NS trading a Century below TODAY'S JNSAR @ 8058.

NS above Hr. JNSAR @ 7915

NS above Day's pivot @ 7936 & above Hr. Pivot @ 7949 indicating bullishness.

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

NS currently hovering around 7967.

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

Sonu said...

Wow... Voltas is up 10%... Anyone tracking it? What is the view on Voltas?
http://www.niftytrader.in/?id=VOLTAS

gs said...

comfortably holding 7950

Prabhanshu Raman said...

Sonu.....it looks highly bearish.... :-(

brijsolution said...

Closing above Day & week low ema...

Sonu said...

@Prabhanshu,
Would you pls elaborate?

Prabhanshu Raman said...

Sonu...decrease in pcr ratio while increase in price is bearish. .

Bharat Kumar said...

@ Sonu - isnt the chart put up by you bearish? There was a massive decline in PCR while NS was rising..

Bharat Kumar said...

@ Prabhanshu - yeah, that's what was my understanding too!
@ Sonu - Am I reading it incorrectly? Pls elaborate..

Prabhanshu Raman said...

Ya man...even i am not good when it comes to OI or pcr ratios..

Sonu said...

Your reading is right on PCR decline. Most likely a flat to gap-down opening is on the cards... or perhaps I am reading little too much :)

I was asking view on Voltas... Thought Prabhanshu replied to that query... so asked him to explain :)

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