Wednesday, October 29, 2014

Nifty Intraday Update-II


21 comments:

Sonu said...

@Ashok,

possible but I'll not rely on that too much since we have had a gap up so the true range is more than what appears on the chart.

Sonu said...

@Ilango Sir and Seniors,
If FII and DII are both selling then who is buying? Retail investor? If yes, then how reliable this upmove is and should we expect a new high soon?

Prabhanshu Raman said...

Hi all,
tisco seems that started its uptrend...
imm resistance is at 469 and there will be falling wedge bo above 472 in daily chart.

http://prntscr.com/50vhgx

Prabhanshu Raman said...

As per ew, it might be moving up as 1, 2 i, ii

shriram said...

@ Sonu:
FII / DIIs can be NET Cash Sellers & still Pure Price / Bhaav can be kept high artificially , by driving some 2,3 hvy wgts :-)

Bhaav + Market profile.. --> Quality of Bhaav (where the Vols. kicked in) is more important, than either Bhaav or FII/DII buy sell standalone !

Prabhanshu Raman said...

IHNS can be observed in RECLTD in 60mins chart. Neckline is at 298.

anand said...

Satya Vachan Shriram ji ....!
Jai ho ..!! Long time to see your bell curve maths :-)

Sonu said...

Thanks Shriram Sir,
True but this tie it is not 2-3 hvy wgts... the advance decline ratio is also above 1.
Do you think new high is coming soon? your sense based on market and technical analysis

shriram said...

@ Anand: simple eyes -HNS wid Double RS on BNS... NL dekho @ 16,597 , kya lagta hein ?

gs said...

thanks shriram

anand said...

@Shriram
BNS is 10 years away for me... so no comments!!.:-P

I Trade 4 Profit Daily said...

Nifty respecting ND Sir's ATR Sell zone till now.

shriram said...

@ Sonu:

which is wot is to be estimated based on situation, so close to expiry, if Trend is not being supported by Real cash buying..

1 conjecture that emerges : is someone may be playing to depress 8000PE prem. to dead cheap levels & buy them in Bulk tomo, & then throw Bhaav 100pts down on Expiry day to mint 4-6x !

kumar k said...

Shrew ram bhavv means?

shriram said...

@ kumar k : Bhaav maane apado Bhagwan ;-)

anand said...

Master has marked -ve divergence on Hrly chart- trend indicator. We see similar divergences in 9Hr RSI as well (Or am I wrong with my blind eyes?)

Will they be negated if day highs are crossed and close is significantly high? Let's see.

shriram said...

the way OI is stacked up... expiry > 8K seems the most H-prob. statement a Data driven guy can make today ..

have a nice day everyone !

Ilango said...

3.00PM TT & Chart Updated.

Sonu said...

@shriram sir,
"someone" doing it looks unlikely based on OI. Lets see what happens after expiry... expiry is definitely happening above 8000

Sonu said...

the gaps on the day chart are looking similar to last september

shriram said...

@ SONU:
Join the highs of 8180-60 & see where the TL RES is.. see the 81CE OI in face of this rise too..

now tell me wot wud be a H.prob RES zone?

Post a Comment