Friday, October 17, 2014

Nifty Intraday Update-I


gs said...

priuces are so comfortable below low emas ,looks bulls have given up


Good Morning Sir & All Friends.

vksoni said...

Good morning ilango sir and seniors...

Ganesh IC said...

Good Morning Sir & JN Family

Sanjay Jaiswal said...

Dear Ilango Sir & Blogmates,

OI Table Update at 11:00AM, Pivot-7818, S1-7717, S2-7656, VWAP-7785

The CE writers are right on Top, with huge addition at 7900 level, though below 7800, the PE writers at the level holding on may bring some relief rally…

Thanks & Regards

Ilango said...

New Low would complete a 5 from "7868"..

Change the retrace once this 5 gets done.

Ganesh IC said...

Some EW observations:

1) Maximum correction during last one year upmove is 440/480 points for wave-2 and 380 points for wave-iv; => chances of ST bounce (Diwali) near 7700-7740 zone

2) For this, sub-minuette wave-v should end in the above zone, and today's close should be above DLEMA/ WLEMA (7800 +/- 20). Friday 2.30 pm efffect.

3) Election Results (Mah/Har assembly) on Sunday, impact on Monday ?

gs said...

can target 7760..just watching as volatility is high

Ilango said...

(v)th sub wave for the fall from 7868 has started from 7758.50.

If so, one more low is needed without breaching 7740.20.

If not, (v)th sub wave for the fall from 7868 may have started from 7750.05.

Ilango said...

All these are happening at "Pre-Market's support zone of "7709-7728".

Ilango said...

Now, the retrace to be considered would be for "7868 to 7724"

7796 7813 ... is 50%-61.8% retrace of the last fall from …… 7868 to 7724

80% is - 7839

If weakness is to return, it should be around 7796 7813

Strength gets confirmed above 7813 OR 7839

Ilango said...

If taken "long" at support zone, manage with SL at 7729 or "last rise retrace from 7724-xxxx"

Ilango said...

7748 7744 ... is 50%-61.8% retrace of the last rise from …… 7732 to 7763

80% is - 7738

If strength to return again, it should be around 7748 7744

Weakness gets confirmed Below 7744 OR 7738

Ilango said...

Low made 7746 and if moves past 7763, that would be a 5 from the low of 7724. then on, manage with the "last rise retrace from 7724 to "xxxx".

Prabhanshu Raman said...

Good noon Sir and friends.

Sir, waves subdividing for upside??

Ilango said...

@ Prabhanshu Raman,

Most likely, if they climb above 7791 now. If not 5 done from 7724 and a small correction..

New lows are still possible; hence, remain alert with your sl to reverse.

Ilango said...

7751 7744 ... is 50%-61.8% retrace of the last rise from …… 7724 to 7777

80% is - 7735

If strength to return again, it should be around 7751 7744

Weakness gets confirmed Below 7744 OR 7735

Prabhanshu Raman said...

Sir, by another low i understood.. ie 5 waves from 7927 will be done if another low is done. For this prices shd not go above 7825 ie i wave from 7927.
what is the importance of 7791

kumar k said...

master ji,

Month 12345 ABC

week ((i))((ii))((iii))((iv))((v)) ((a))((b))((c))

Day (i)(ii)(iii)(iv)(v) (a)(b)(c)

hour i ii iii iv v abc

is this correct?

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