Wednesday, October 8, 2014

Nifty Intraday Update-I

The reliable "Relative Strength Indicator"..

35 comments:

Bhavin Naram said...

Sir,

These days you stopped posting the JNSAR table. Any reasons behind it?

Thanks,
Bhavin

Ilango said...

@ Piyush Sharda ,

We assumed, considering the technical set up that, prices would reach around 7800/7785 initially and calculated key retracements for the last fall from 8031 & arrived at 7945 & 7970 as key reversal confirmation points as of now.

One needs to update the last fall retrace to arrive at a reasonable "trailing number".

Ilango said...

@ Bhavin Naram ,

Maintaining a JNSAR table is the easiest one. You must attempt it yourself and watch yourself following it.

Only time you need to be alert and manage it is when prices are closing between DHEma & DLEma.

Having technical knowledge of trend reversals, divergences would add to your confidence to hold or add more.

gs said...

looks like nifty respecting the huge pe base at 7800,option experts comments needed

Piyush Sharda said...

thank u sir for the detailed answer.

Guru Krish (Trading Nirvana) said...

Good Morning Master and Friends have a great day .. :)

Looks like a small fight between bears and bulls can take the price again near 7900, 79K PE guys holding some position strongly...and 78K PE are looking rock solid.. lets c..

marina s rao said...

Day Low : 7826.70 Day High : 7869.90 Range : 43 Points Day Pivot : 7879 Hr. Pivot : 7849

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

Currently hovering around 7840.

NS below Day Pivot @ 7879 & below Hr. Pivot @ 7849 indicating bear grip.

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

Mild Strength returns above D LEma @ 7855.

SAH= Sell And Hold

marina s rao said...

Followers of JNSAR :

Day Low : 7826.70 Day High : 7869.90 Day Range : 43 points

NS trading a Century below TODAY'S JNSAR @ 7970.

More nearly Half a Century Below Hr. JNSAR @ 7892.

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

comfortable trailing SL.

NS currently hovering around 7845.

Note :

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

rj said...

@gs - dont trade or decide only upon option numbers as they can change anytime.....7800pe is the strongest now but from last 2 days 7700pe also added smartly once 7700pe OI took over 7800pe trend will resume strongly...thanks

Prakash C said...

Any view on this
http://awesomescreenshot.com/0333mago08

Prithvi Raulji said...

Weekly Camrilla TGT achieved

Ilango said...

@ nirtos,

We changed to "one scenario - DOWN " since 24th Sept-Nifty Pre-Market View

Breaking of 7842 confirms such a view, supported earlier by higher t/f technical reversal..

raghava said...

Master,
Give us Tradeing Idea on Tata Steel.

rashmi said...

is it getting resisted around pivot again n again,sir?

brijsolution said...

Sir..

As u mentioned 7842 imp..

Sir... below 7842 good correction will start atleast for 2-3 months is it ??

Below 7840 can we test 7650 & 7300 ??

brijsolution said...

@ raghava..

Can i share TATA Steel levels to u ?

Ilango said...

@ raghava ,

Being a commodity stock, it movements are cyclical once reverses. Presently, it is in "downtrend".

388-425 is the major support zone, to be confirmed with a "close above DLEma"..

195 to 580, a 5 waves seem to be over; 388 is the 50% retrace.

Based on these, make a trading strategy.

raghava said...

Dear brijsolution,
Please send.

Sanjay Jaiswal said...

Dear Ilango Sir & Blogmates,

OI Table Update at 11:00AM, Pivot-7915, S1-7859, R1-7946, VWAP-7884

Consolidation with negative bias after the huge fall of yesterday, stays weak till it trades below 8005 NF, the weekly VWAP…

Thanks & Regards

brijsolution said...

@ raghava....

Thanks ....

Tisco in downtrend in daily & weekly..

Tisco bounce because of weekly support @ 440.. Made low 435

Now till not break this low retrace is ON..

Trading below DLEMA as well as WLEMA..

Now HLEMA @ 439.5 & HHEMA @ 444.75..

SAR for short now as on today is 460..

Ilango said...

@ brijsolution,

Everyday, with the changes in price behaviour, market throws up few clues to "follow" it.

Each t/f carries different weightage and price rise/ fall commensurable with such technical set up.

Presently, weekly trend has turned down since 26th Sept below 8005. Subsequent week showed a high of 8031 and fallen by 200 points so far and prices have reached the zone of "WLEma less 60". Larger fall would come into prominence, if prices break below 7785, 61.8%.

I prefer to have an open mind, weigh the technicals emerging at the end of each day & each week.

Sunil Minz said...

sir
we are now about to see technical bounce and may see Lma

Sunil Minz said...

sir
because BNF is above Daily lma and if crosses 5 ema nifty has to move up at least 7900 7905
to dlema

brijsolution said...

Bank nifty trading above DLEMA & now 15460 DHEMA..

34 HSMA @ 15365..

Prakash C said...

BN reached Res area
http://awesomescreenshot.com/0623mamld6

marina s rao said...

Day Low : 7826.70 Day High : 7869.90 Range : 43 Points Day Pivot : 7879 Hr. Pivot : 7850

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

Currently hovering around 7861.

NS below Day Pivot @ 7879 & above Hr. Pivot @ 7850.

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

Strength returns above D HEma @ 7877.

BOD = Buy On Dips

SAH= Sell And Hold

brijsolution said...

Friends,, Can we see bounce in nifty with support 7845 to 7840..

Is it correct ??

Sunil Minz said...

sir
chances of technical bohnce is gone

brijsolution said...

almost 3 hr now... Nifty trading in ORB.. Grinding ..

brijsolution said...

Sunil...

yes nifty not going to cross Dlema as well as HHema..

& moving in ORB..

durga said...

@brijsolution- grinding periods are planning periods for BIG boys.so today ORB up takes to 50 dma -n down takes it to day S2.menwhile trade supports n resistances (todays) ..depending on major catchments of people (on wrong side of market)--next move unfolds.rt now there is aggressive writing of calls.the same no:s are usd for a short covering rallies in future.

Bhavin Naram said...

Thanks sir for replying to my comment on JNSAR. If I want to study more on JNSAR and want to learn how it is calculated where should I look? Thanks, Bhavin.

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