Tuesday, October 14, 2014

Nifty Intraday Update-II


35 comments:

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

Unknown said...

The deciding factor on BNF wud b 15772, which is 50% fibo of the entire Wave count fron 16364 - 15180

Unknown said...

Each one av Us, whether Long or Short is feelin the HEAT av VOLATILITY, primarily n ONLY bcaz, if one looks at da various Fibo levels, the difference between each Fibo level is so Great, dat punters are having a field day either side

shriram said...

Random Words:

Market behaviour is an extension / amplification of human behaviour..

Say a person is being judged by the crowd.. When the person achieves success, the crowd praises him unto the heavens. And when the same person despite best efforts, fails due to lack of ability, the crowd derides him like a sinner..
The person has not changed, in all this ..

Its the same with the Sy. Markets... when a company achieves financial success, its P/E expansion knows no limit, & when the same co. falls on bad times or takes poor decisions, the Markets wallop its Capitalisation premium !

Always pays to rem. this.. Sy. markets & valuations are a reflection of human psyche.

Be a Saint in the Trade Room :-)

SJkolkata said...

Master,
As pointed out in last instance by you, Rising Wedge seems to be showing its impact from middle path, which should be highlly bullish.
Correct me if wrong.
regards

Unknown said...

below 15772, foll r the other fibo levels on BNF
15618 - 15492 - 15417 - 15180 ( 100%) 14943 -14900 - 14730 - 14588 ( 150% ) n so on

Unknown said...

BNF ""MAY B A RIPE FRUIT """, ready 2 fall below n not sustaining 15772

vksoni said...

max correction of 18 points in rise from 7825...accordingly 7855 support

Unknown said...

da flip side is this. if it does sustain 15772, den 15914 n 16127 ( 80%)wud b the resistences. above 16127 and sustaining" God help SHORTS

Unknown said...

15802 is the 80% Fibo for intraday on BNF

Ilango said...

@ SJkolkata,

Rising wedge is bearish; where is this rising wedge..? which t/f..?

rashmi said...

illango sir,nifty is trading in a falling wedge,is that right?

gs said...

unknown sir if u can post all observations in one comment only,that would make it easier

brijsolution said...

Sir..

For Your tgt MLEMA... can say confirmed as 21 & 34 DSMA down side cross over after long time..

Also Below 7790 trade & sustain then 21 & 34 DEMA also down side crossover..

14 day RSI.. on daily & weekly negative..

MACD also negative on daily & weekly chart..

Sanjay Jaiswal said...

Dear Ilango Sir & Blogmates,

OI Table Update at 1:00PM, Pivot-7886, S1-7843, S2-7774, VWAP-7889

The Level of 8000 is turning out to be a Huge resistance and PCR just around 1, looks like the Bulls are in a small Spot of bother for the time being, Sell on Rise continues…

Thanks & Regards

SJkolkata said...

Sorry Master,
Was talking abt falling wedge as shown in chart above.
Regards

jittery said...
This comment has been removed by the author.
gs said...
This comment has been removed by the author.
gs said...

my observation as of today

sitting out till now volatility is high for my risk appetite

positional trades will be impacted by the exit poll suveys which will astart coming tomorrow evening

looking at price action a good move building up now ..on short side
reason is the candle formed on half hour chart...looks bearish...

Ilango said...

@ SJkolkata,

Do not forget the "If" in the statement. Because, corrections for the fall from 8160 to 7842 would develop into a running triangle and break down.

False breakdowns/ breakouts too possible..

If breaks out, it will be only the continuation of "B" wave ("A" being the fall from 8180) to be followed by "C" wave towards "break of weekly channel bottom". When that happens, it should become highly bullish for the 5th wave.

Until then, protect capital; trade only when confident of your observations.

SJkolkata said...

Thanks Master,
Got it Crystal Clear.

brijsolution said...

GAAR news from 1st april 2015..

Sir u want a big down day.. will it be ?

raghava said...

Tomorrow is Holiday: http://nseindia.com/content/circulars/CMTR27792.pdf

Ilango said...

@ brijsolution ,

I expect that to happen "Post Diwali".

(Timing can be tricky)

I'll be "wary" of this rise..

Sonu said...

Grinding to continue till PCR is between 1.04 and 0.98
http://www.niftytrader.in/nifty-intra-pcr/

Premium eating going on...

gs said...

watching for 1pm candle high 7884

DR.SGM said...

Dear sir,From july-8th to till this week,almost two and half month,can we look at it as a running correction? pls also clarify, a running correction in 4th wave is possible.thank you.

Ilango said...

Holding "7852", ST bullishness continues.(Held 7825, 80%)

Ilango said...

@ DR.SGM,

It is possible.

Holding above 100dsma or 7780, such a scenario possible.

Sunil Minz said...

sir
as per your calculations if any upmove mow will be counted as c of b what can be limitations count

Piyush Sharda said...

sir,
what is significance of 7852

brijsolution said...

Sir

100 DSMA in my chart come @ 7731

friends,, what is in your chart.?? if correct 7780 then i have to check settings.

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