Tuesday, October 14, 2014

Nifty Intraday Update-I


34 comments:

Prabhanshu Raman said...

+ww and probable IHNS:

http://prntscr.com/4w04gf

brijsolution said...

Prabhu..

Now nifty 7870-60 support ..

Below that only looks weakness..

vishnu said...

JNSAR hit on upside and now on down side at 7912-30 =7882 .

marina s rao said...

Day Low : 7861.20 Day High : 7928.00 Range : 67 Points Day Pivot : 7860 Hr. Pivot : 7889

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

Currently hovering around 7880.

NS above Day Pivot @ 7860 & below Hr. Pivot @ 7889 indicating indecision for the Hour.

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

Strength returns above Hr. HEma @ 7898.

Mild weakness returns below Hr. Ema @ 7858

SOR = Sell On Rises

BOD = Buy On Dips

Prabhanshu Raman said...

Sir has mentioned earlier manier times that if JNSAR stuck between lema and hema, then trade lema -hema

marina s rao said...

Followers of JNSAR :

Day Low : 7861.20 Day High : 7928.00 Day Range : 67 points

NS trading nearly Half a Century below TODAY'S JNSAR @ 7912.

Just above Hr. JNSAR @ 7860.

Continue SHORTS INITIATED Today below 7912 with comfortable trailing SL.

NS above Day's pivot @ 7860.

NS currently hovering around 7873.

Note :

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

Prabhanshu Raman said...

I can find below trade options for intraday based on EW and Retrace Table. These are not recommendations, just writing it here for tracking purpose:
1. 5 waves completed at open (or few more plus points). Could have shorted at open keeping small SL for 30-40 points tgt.
2. 5 waves done at 7861 from 7928. Could have go long keeping 7860 as SL for 50-61.8% of last fall
3. Since, I am considering 7796-7928 as 1 and currently its correction is unfolding as abc. a done at 7861 from 7928. b on going. For c, shorting can be done between 61.8-80% keeping 7929 as sl for 50-61.8-80% of last rise from 7796.
4. With point 3, correction might be over and long between 61.8-80% of last rise keeping sl below 7796 for new highs.

Please note that these are not tips and Sir, please delete this comment if you find this as recommendation. I am just trying to put live examples using EW and retracement table.
Please suggest your points to enhance/enrich these trade set ups.

brijsolution said...

What mkt,,volatile...

One day up ..One day down.. with good amount of points..

brijsolution said...

Prabhu..

78.6% now of 7796 to 7927..

Ilango said...

@ Prabhanshu Raman,

Go ahead; think aloud; state your observations as it is...

A 4th wave correction is on...

Prices are stuck in a falling wedge or a "Triangle"...

Prices have provided few good trade entries at these support & resistance lines...

Downward bias remains considering the "Trend"...

It is difficult to catch tops & bottoms but once a suspected top or bottom is seen, make your entry and trade those points..

Decisive move once one of these "extreme lines" is broken.

Sanjay Jaiswal said...

Dear Ilango Sir & Blogmates,

OI Table Update at 11:00AM, Pivot-7886, S1-7843, S2-7774, VWAP-7892

The Index is getting weaker by the minute, though Support at 7800 remains strong, Sell on Rise till 7924NF the Weekly VWAP is taken out convincingly…

Thanks & Regards

brijsolution said...

Nifty @ Day low ema .. will it take rest & again bounce,,??

SSLT recover all loss almost

Prabhanshu Raman said...

Thank You Sir.
Can not see clear 5 waves from 7895-7825, so cant comment whether c done at 7825. If make new low then clear 5 waves can be observed from 7895.

brijsolution said...

Prabhu..

Till not cross 7860-70 can we assume 5 wave will get ?

S N said...

Sir

As requested earlier, Pl confirm the target for the lowest point in week channel FOR NIFTY and Bank nifty which you indicated in Pre-market review. Thanks.

SN

Ilango said...

@ S N,

Weekly channel bottom is quite far away;

2nd wave took about 14 weeks of correction.

4th wave is into its 6th week.

It would be a deep correction towards MLEma, preferably by Nov.

Since it is a corrective phase and a bear trend, the prices would come down in stages with one sharp downmove during this 14+ weeks of corrective phase..

Ilango said...

Read as:

Since it is a corrective phase and not a bear trend, the prices would come down in stages with one sharp downmove during this 14+ weeks of corrective phase..

Sunil Minz said...

blogmates
when waves are in abc in zigzag i mean not inpulsive averages fail you can read in any classical books so at this time you play levels of high ema low ema range type and daytrading is the best play at this juncture and you will see easy money

Amit Agarwal said...

Your pre mkt is correct, low-high ema is correct, jnsar is correct but fact is dat jnsar trader losing money since long. More over u did not update on crucial juncture, nor u dare to show live trade. Jnsar traders are in pain but u r alwaz in gain..

Raman Kapoor said...

Sir,

Are you counting 2nd wave from 6415 or 6343?

Raman

Raman Kapoor said...

Thanks Sir,

So if 2nd wave was 6415 to 5933, it took 8 weeks (09th Dec to 04th Feb) and not 14 weeks. Please correct me if I am wrong.

Thanks

Sonu said...

Change in OI chart shows bearish mood today:
http://www.niftytrader.in/nifty-live-change-in-oi/

But PCR need to go below 0.98 for more downside today (observation based on PCR EOD chart)

Ilango said...

@ Raman Kapoor,

Weekly line chart shows 14 weeks.

See 14th Oct-Nifty Pre-Market View

Unknown said...

BNF as per Gauresh"s blog HEMA @ 15708. pivot @ 15600. LEMA @ 15377. %LEMA @15598

brijsolution said...

Unknown..

Present BN HEMA is 15665..

shriram said...

GM Master & JN Family,

i-HnS visible on 30mins chart

If ysdays Swing Low of 7797 is protected, RS will be formed & brk.out wud be a 30mins close > NL @ 7900 NS

Pattern tgts : T1: 7970 ; T2: 8000 NS


Lets see how this suspect pattern evolves..

Alt.. EW folks can play for C.5.e to seek LL close to 7790 NS & a big bump upo from there..

Keep eyes on DATA before forming a trade view today .

Unknown said...

As I see it, of the entire Wave from 16364 - 15180 on BNF, 50% fibo is at 15772. This will decide the fate of things to come. Should it not sustain above this, then a fall upto 15180 which is 100% fibo, 123.6% - 130 - 150 - 163.6 - 173.6- 200 etc would follow thru. It is my personel opinion,that BNF will close this series at or below 15600

Unknown said...

I beg ur pardon. please read BNF closing in my opinion at 14600, and not 15600

Unknown said...

It took 27 days from sept 11 to 8th oct for BNF to retrace from 16364 to 15180. If this time frame is anything to go bye, probable Lows MAY b breached n NEW Lows wud b set up before this expiry

S N said...

Sir

Thanks a lot for your clarification.

Best is to follow simply JNSAR and keep our cool.

I need to go a long way to understand the channel concepts.

Thanks again

SN

gauresh59 said...

@Amit Agrawal,

You said : Your pre mkt is correct, low-high ema is correct, jnsar is correct but fact is dat jnsar trader losing money since long. More over u did not update on crucial juncture, nor u dare to show live trade. Jnsar traders are in pain but u r alwaz in gain..

Will you please explain how JNSAR not gave any return.?

As per me, if implemented properly, any SAR system is giving return. If not got any return, then there must be some mistake in implementation, not in system.

Please note that each SAR system insists on partial booking of profit and one has to do that to exploit the maximum benefit of the system.

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