Wednesday, October 22, 2014

Nifty Intraday Update-II


27 comments:

marina s rao said...

Day Low : 7974.55 Day High : 7999.30 Range : 25 Points Day Pivot : 7913 Hr. Pivot : 7988

NS NEAR OK ( Octa Kilo = 8000).

Currently hovering around 7980.

NS above Day Pivot @ 7913 & below Hr. Pivot @ 7988 indicating trading mode for the hour.

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

Weakness returns below Hr. HEma @ 7975.

BAH = Buy And Hold

marina s rao said...

Followers of JNSAR :

Day Low : 7974.55 Day High : 7999.30 Day Range : 25 points

NS trading a Century above Today'S JNSAR @ 7855.

Above Hr. JNSAR @ 7935.

Time for Part booking longs initiated @ 7872 on 20th Oct.

Continue Longs initiated around 7872 on 20th Oct with partial Profit booking / Strict SL @ 7855.

NS much above Day's pivot @ 7913.

NS currently hovering around 7983.

Note : As JNSAR long is 2 days old, Whipsaws r remote.

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

brijsolution said...

As mentioed BN negative diver on hourly chart..

BN cool down..

Next support 16347 & 16305

I Trade 4 Profit Daily said...

BN looking tired and in the red now.

Sonu said...

@Prabhanshu,
you are right 23 lac addition in 8000PE but PCR still falling down. Also note that there is no significant unwinding in CEs at both 7900 and 8000
Now use Pre-market commentary that we are nearing critical golden ratio.
Using the above 2 facts, I am only saying it is early sign of weakness and we may see some pullback. Don't expect much downside unless 8000PE starts unwinding. Action after 2:30 pm should be big and will tell us a lot about direction post Diwali

brijsolution said...

Sonu..

Waiting for confirmation in nifty hourly diver..

siddique said...

My best wishes to Ilangoji and all the members of JN on this Diwali day.

Raman Kapoor said...

It is possible that Nifty might make another high above 8000 to complete the abc from 7724. Holding of 7930 is the key here.

brijsolution said...

Raman..

yes like so..

& made negative diver on hourly...

On daily goldan ratio.. as well macd trigger point..

I Trade 4 Profit Daily said...

Fast rise setup about to form on Nifty with 21SMA and 34SMA cross over on the 15 mins chart.

Prabhanshu Raman said...

May be bull flag in 15mins...bo above 7999.30 for 20/95 points. Invalid below 7972/73

Prabhanshu Raman said...

Sonu, thanks....is it possible that above 8030-40, short covering might start?
Currently 8000ce prem is 45 increased by 13 points. So, ce writers who are holding it. ..may start covering it so that they shd not be in loss above 8030-40..
just random thought. ..

Prakash C said...

Nifty On your mark get ready
Go!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Sonu said...

@Prabhanshu,

I believe in booking profit when it's good, short covering may or may not happen. Though you have identified a high probability bull flag there.
Right now market is in OB zone, so some pullback is also possible.

Also consider the fact that Nifty is all happy and bullish partly due to good unemployment numbers from US but that also means US may end QE earlier than we think and that can change the sentiment very quickly. Noticed yesterday that US indices area also trading near the golden ratio of the fall.

Prana Swaminathan said...

Nifty is unable to cross 8000 as of now. But it may do so by EOD. Tomorrow there might be a gap up opening around 8030 and by EOD , likely to close in the negative. However, irrespective of muhurat closing , it will open in the negative on Monday and will start falling . This has happened umpteen times in the past.

brijsolution said...

Now Jindal steel.. good..

Crane now 288.. i msg when 281.50

gs said...

considering the bull flag identified by prabhanshu ,and no signs of bearishness 8080-8100 can be seen

prakashbkc said...

nifty unlikely to close above WHEMA, If market give a chance It is better to short at WHEMA+60 i.e 8060

Piyush Sharda said...

wishing sir and friends a very happy deepavali

shriram said...

@ prakashbkc : very wise words

Happy Diwali everybody & get up before Day-brk tomo :-)

murli said...

Happy Diwali to All JNSAR Family

prakashbkc said...

Shriram sir ,

Just remembering Master's lesson. Also by TT it also seems nifty unable to close above MHEMA on 31st Oct

Happy & prosperous Diwali to u & all

Raman Kapoor said...
This comment has been removed by the author.
Sonu said...

NR7 day in making. Expect big move on Monday...

Raman Kapoor said...
This comment has been removed by the author.
jittery said...

Everybody Bearish?? Market Ults

Sudhakar said...

Dear Everyone

Happy Diwali.

Sonu

Please explain, What is NR7 day?

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