Tuesday, October 7, 2014

Nifty Intraday Update-II

The reliable "Relative strength Indicator"

39 comments:

marina s rao said...

Day Low : 7883.35 Day High : 7943.05 Range : 60 Points Day Pivot : 7953 Hr. Pivot : 7898

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

Currently hovering around 7895.

NS below Day Pivot @ 7953 & below Hr. Pivot @ 7898 indicating bear grip.

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

Mild Strength returns above D LEma @ 7913.

SAH= Sell And Hold

shreya puneeth said...

If it break 7842. Then it's confirm it will reach 7700

marina s rao said...

Followers of JNSAR :

Day Low : 7883.35 Day High : 7943.05 Day Range : 60 points

NS trading nearly a Century below TODAY'S JNSAR @ 7985.

Below Hr. JNSAR @ 7938.

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

comfortable trailing SL.

NS Half a Century below Day's pivot @ 7953.

NS currently hovering around 7893.

Note :

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

Unknown said...

BNF has good supports currently between 15317 - 15325 zone. hourly Lows r getting higher

Ilango said...

@ Unknown,

There are "running corrections" which retrace hardly 23.6% - 38% and continue to travel in the direction of the trend, making newer lows in downtrend or making newer highs in uptrend.

Correctives do not follow any rule.

However, there are guidelines which are useful in normal markets. For eg: After a 5 wave decline, you identify "zigzag" and it does not retrace 80% which help in creating a "short" with a proper SL.

A 3 wave decline suggest of a "Flat" correction which could retrace any % and thus prepares/ forewarns the trader.

brijsolution said...

will this time nifty close below WLEMA ??? After January 2014 nifty never close below WLEMA..

Almost more then 9 months over...

Will bears come wit storm ?? Trend is friend..

Unknown said...

Can anyone See an INHS formation on a 15 mnt basis on BNF ??? or M I seeing it wrong???. small resistence at 15355-60 range, beyond wich likely targets wud be 15437 - 15474 range. Cud sumone plss check and tell me also. thankyou in advance

brijsolution said...

Nifty have two choice .. 7915 above bulls happy & below 7890-95 bears happy...

2 hrs to go..

Sgx nifty made low 7800 in holidays

Unknown said...

IHNS, sorry,not INHS

Unknown said...

Thankyou and Understood sir, but what according to you wud be a corrective measure/rule to follow ??? I do understand that its a pretty stupid Question 2 ask. However I m askin nevertheless to understand how I may co-relate the counts n waves

Unknown said...

If I am correct in seeing this IHNS formation on BNF, the right shoulder formation wud be sumwhere here around 15314 - 17 . thereafter any sustaince is Going to push BNF higher. I m still waiting for anyone here 2 tell me n correct me on my views please

Raghavendra said...

Dear Unknown,

You have a view - you know the pattern boundary - you have the sl - you have the invalidation point.
why wait for confirmation/correction/views :)

Prithvi Raulji said...

@ Master,

Can we counting A fall from

8180 - 7925 wave - 1
7925 - 8161 wave-2

now
8161 -8065 3(1)
8065- 8159 3(2)
8159-7842 3(3)
7842-7999 3(4)
7999-**** IN PLAY 3(5)

PLS

Unknown said...

On 1/10/, FII'S sold 63 cr , while DII'S bought 155 cr, making it a Nett buy of around 90 cr, dis is as per NSE website

Unknown said...

I m with you on ur view point Prithvi. I m assuming the very same but on BNF

Unknown said...

one sided movement likely on BNF either side of 15317 - 15352/60 range

brijsolution said...

Europe & india .. moving around day low... Ftse imp 6500 -6505 level..

Us mkt fut @ low .

brijsolution said...

Sir..

Now can we book part book @ 7850-60 ??

Unknown said...

WHoooooooo!!!!!!!!!!!!!!!!!!!!!1

Unknown said...

Longs in play on BNF ?????????????

marina s rao said...

Day Low : 7872.75 Day High : 7943.05 Range : 71 Points Day Pivot : 7953 Hr. Pivot : 7893

NS more than a Century below OK ( Octa Kilo = 8000).

Currently hovering around 7875.

NS below Day Pivot @ 7953 & below Hr. Pivot @ 7893 indicating bear grip.

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

Mild Strength returns above D LEma @ 7895.

SAH= Sell And Hold

gs said...

can someone guide how option oi picture is dev.
oi experts

brijsolution said...

Nifty near to month high ema @ 7850..

Raman Kapoor said...

Lets close below 7909 today!!

marina s rao said...

Followers of JNSAR :

Day Low : 7861.55 Day High : 7943.05 Day Range : 82 points

NS trading a Century below TODAY'S JNSAR @ 7985.

More than Half a Century Below Hr. JNSAR @ 7921.

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

comfortable trailing SL.

NS nearly a Century below Day's pivot @ 7953.

NS currently hovering around 7869.

Note :

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

gs said...

master your comment that market will fall in stages as monthly is still bullish request you to write more on that

retrace can be taken as guide ?

STOCK4SURE said...

A + WW may be devloping in nifty charts
may have formed pt4 near 8031
pt5 may form below 7760 till friday
trgts 8150 next week

gs said...

STOCK4SURE is it on day charts or hourly?

brijsolution said...

This 30 mins so crucial.. will bounce nifty & save 7880 above close ??

Or break below 7850 & close below that

gs said...

@brij it looks oversold on 30 min and near crucial support...lets wait and watch

Hitendra said...

Nifty century on downside !

Raman Kapoor said...

A close below 7866 will move the S.MACD (day) in negative zone. It has been positive since 26th Feb 2014.

Hitendra said...

Raman - what's the implication of that?

brijsolution said...

@ GS... yes its oversold,,, but it can remain oversold... After almost 9 months nifty @ imp Month high ema... So better follow trend,,, contra trade be dangerous..

Prithvi Raulji said...

'C' WILL TRUNCTED TOO :)

gs said...

@brij will keep that in mind

brijsolution said...

Nifty close below all low Ema frames except month...

Tomorrow ORB so so imp.. If ORB save then good upside can see..

brijsolution said...

Sir..

Final comment pls on market..

Post a Comment