Tuesday, October 7, 2014

Nifty Intraday Update-I

The reliable "Relative strength Indicator"

22 comments:

marina s rao said...

Day Low : 7896.80 Day High : 7943.05 Range : 47 Points Day Pivot : 7953 Hr. Pivot : 7917

NS below OK ( Octa Kilo = 8000).

Currently hovering around 7910.

NS below Day Pivot @ 7953 & below Hr. Pivot @ 7917 indicating bear grip.

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

Mild Strength returns above Hr. Ema @ 7937.

SAH= Sell And Hold

marina s rao said...

Followers of JNSAR :

Day Low : 7896.80 Day High : 7943.05 Day Range : 47 points

NS trading Half a Century below TODAY'S JNSAR @ 7985.

Below Hr. JNSAR @ 7950.

Continue SHORTS INITIATED on 30th Sep by reversing Longs @ 7991 with part booking /

comfortable trailing SL.

NS below Day's pivot @ 7953.

NS currently hovering around 7907.

Note :

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

gs said...

looks good for more fall

Prithvi Raulji said...

Looks like 7841 breaking today

Sanjay Jaiswal said...

Dear Ilango Sir & Blogmates,

OI Table Update at 11:00AM, Pivot-7990, S1-7965, S2-7946, VWAP-7949

Nifty is unable to sustain the highs, the 8000CE writers have gone ahead and the index stays a Sell on rise with reversal only above 8005 NF…

Thanks & Regards

Prakash Tamilnadu said...

HNS target achieved as mentioned by gs.

gs said...

hi prakash
thanks for the input i am not very good at identifying ,looks for confirmation from seniors

do you thing 7860 possible that would give 80 points, head 8020-neckline 7940

brijsolution said...

Gm sir & friends..

Nifty trading below DLEMA & HLEMA

7890 WLEMA

7850 MHEMA

Prakash Tamilnadu said...

@ gs
Sorry brother i posted mistakenly. Target yet to be achieved and possibilities are there.

brijsolution said...

Sir,.

Above 7915 can we see minor upmove ?

marina s rao said...

Day Low : 7883.35 Day High : 7943.05 Range : 60 Points Day Pivot : 7953 Hr. Pivot : 7904

NS below OK ( Octa Kilo = 8000).

Currently hovering around 7900.

NS below Day Pivot @ 7953 & below Hr. Pivot @ 7904 indicating bear grip.

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

Mild Strength returns above D LEma @ 7917.

SAH= Sell And Hold

Unknown said...

Foll r the counts on BNF

1.A = 16364 - 15200
2. B = 15200 - 15789 ( 50% retrace was at 15782. it did not sustain)
3. C = 15789 - 15238 ( has done 15251 so far today) ( has also done a clear 5 count subwave)
Strength if any on the larger wave counts will return only above 16782 sustaining. on the current wave strength should return at 13338, and further above and sustaining 15358

gs said...

@PRAKASH ..

i am happy to get input from all seniors

market looking for direction near 7900

Unknown said...

please read that as 15338, and not 13338. typing mistake. support currently on BNF at 15289

Unknown said...

follow the fibo retraces on the current wave to make profits. enter n exit at da fibo retrace levels, and co-incide theses levels with da larger wave 16364-15200, to make Big Dough

Unknown said...

Sir I have bin doin a little bit of studies in these holidays on EW theory. I forget the name of the Gentleman who trades on the DOW, wherein he states, that wave B as per EW theory, must attain either a 61.8 or a 78.6 % Fibo av the retrace of Wave A. the best that BNF has done so far is a 50% retrace @ 15782 ( did 15789). if this holds true, then is it correct to assume dat the 5 subwaves which have played out on BNF from 15275, are nothing but IRRITANTES, waiting for the larger fibo retrace to happen ??? if so, den 61.8% fibo on BNF should be 15915, and 78.6% should be 16131. Please throw sum lights on mu querry please Sir

Prakash Tamilnadu said...

Lot of put buying at 7900 and 8000 strikes

Unknown said...

BNF hourly Hemas as follows

5LHEMA = 15302
5EMA = 15341
5HEMA = 15383

Unknown said...

Illango Sir, would you be kind enuff to explain and set aside my confusion please

Unknown said...

BNF currently sustaining 5LEMA hourly @ 15302

Unknown said...

If BNF sustains 15371 - 83 zone, den the next trgt wud b 20% retrace of the entire wave 16364 - 15200 @ 15433

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