Thursday, October 30, 2014

Nifty Intraday Update-II


24 comments:

Prabhanshu Raman said...

Sir has removed -ve div from MACD chart :-)

FNO HOUSE said...

sir monthly trande is up..?

Saurabh said...

Ilango Sir, what is the probability of 4th wave being over at 7724 and this being the 5th wave instead of B of 4th.. kindly guide ?

STOCK4SURE said...

a bearish WW may be developing in ns 2 min charts

may have formed pt4 now near 8145ns levels

pt 5 may form abv 8157 near 12.40pm

trgts 8140 near 1.15pm

Raman Kapoor said...

@Prabhanshu,

How are you seeing the up-move from 7986. Does it look like a 5-wave structure with 5th currently going on from 8052.

Thanks

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

Nifty Futures lot size decreased from 50 to 25 per lot.

gs said...

anyone tracking bpcl ,it is lagging in nifty rally

gs said...

bears have gone to sleep?

Prabhanshu Raman said...

Raman,
Not able to make much but seems 3rd gng on from 7986. 3rd started from 8052 and to complete 5 from 8052.

btw, 8150CE writers started covering their shorts.

Sanjay Jaiswal said...

Dear Ilango Sir & Blogmates,

OI Table Update at 11:00AM, Pivot-8080, R2-8118, R3-8156, VWAP-8125

The 8100PE writers have made sure that Expiry will be above the level, the CE writers are on their way out, and maybe above 8150…

Thanks & Regards

Raghavendra said...

Dear Ilango sir,

Request your views on faster retracement in a "B" wave scenario.

The downmove from 8161 ( Sep 19th ) took 17 days to 7724 and the upmove from 7724 to 8165 took 8 days.
The downmove from 8180 to 7724 took 26 days and if Nifty crosses 8180 in less than 26 days this would also qualify under the faster retracement.

prakashbkc said...

From which month Nifty Lot size is decreased from 50 to 25

anand said...

1st correction of 20 pts in the day from 8167...

dinesh said...

lot size change nov onwards

Raman Kapoor said...

Open-High same for this hour (8164.35)

Kokonut Kurry said...

@ Anand: Is that the black swan candle?

Ilango said...

@ Raghavendra,

Yes..Faster retracement for the 8161 - 7724 is done.

What is more relevant is identifying the direction and trailing if possible. With complex "B" waves, trailing would become unmanageable. Mercifully, the current rise has been consistently keeping above 2 - day low and poised to make new highs..

Labeling will take a "pause" to assess the pattern.

prakashbkc said...

thanx dinesh for info

Prabhanshu Raman said...

+ww in 2mins chart. point 5 at 8146, 1-4 tgt line at 8165

Raghavendra said...

Thank you sir.

One of the criterion's Vivek Patil considers on "start of a new leg" is the faster retracement.Wanted to check what will be the criterion to remove the "B" and consider the current upmove as "5".


Prakashbkc,

Note from zerodha on lot size changes : http://zerodha.com/z-connect/zerodha/bulletin-latest-at-zerodha/lot-sizes-reduced-for-various-nse-fo-contracts

Ashok said...

@ALL
2 min chart macd in neg teritory

gs said...

no expiry day contest ,that was good

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