Thursday, October 16, 2014

Nifty Intraday Update-III


27 comments:

ankita said...

Means all indicates the remote is in the hands of some people with liquidity driven market.

ankita said...

Still nifty is outperforming dow, europe, taiwan, australia, even china hongkong. Sign of ???? Boka i think.

brijsolution said...

Ankit..

In Nifty - 50 bunch IT & Bank stocks also..

If either bank or IT cool down then nifty can perform good in SAR direction

brijsolution said...

BN is very very small time frame 5 min..200 ema not broke,,

Ilango said...

At open, prices reached Resistances: 7892-7906(High made 7893.90)

Now, prices reached supports: 7811- 7826(Low made 7811.95)..

More falls below 7811 or till kept below last fall retrace from 7841.50.

brijsolution said...

yes now BN broke 200 on 5min chart .. now next 15600

Ilango said...

On Tuesday, 14th Oct:

At open, prices reached Resistances: 7912-7925(High made 7928)

Then, prices reached supports: 7792- 7812(Low made 7796)..

On Monday, 13th Oct:

At open, prices reached Resistances: 7880-7895(High made 7901)

Then, prices reached supports: 7825(Low made 7825)..

Trading with "Resistances & Supports" is the best way to "Beat the Markets" time and again...

adishivam said...

Will NS break 7800 and close below. ................

Ilango said...

Read as:

On Monday, 13th Oct:

At open, prices reached supports: 7792- 7812(Low made 7796)..

Then, prices reached Resistances: 7880-7895(High made 7901)

On Tuesday, 14th Oct:

At open, prices reached Resistances: 7912-7925(High made 7928)

Then, prices reached supports: 7825(Low made 7825)..

Ilango said...

Another important tool for intraday trading:

Retracement strategy.

Ilango said...
Bearish:
7843 7849 ... is 50%-61.8% retrace of the last fall from …… 7868 to 7818

80% is - 7858

If weakness is to return, it should be around 7843 7849

Strength gets confirmed above 7849 OR 7858
October 16, 2014 at 1:47 PM
--------------------------------

Prices reached 7842 & fallen by 50 points..

Ilango said...

Bearish:
7818 7823 ... is 50%-61.8% retrace of the last fall from …… 7842 to 7793

80% is - 7832

If weakness is to return, it should be around 7818 7823

Strength gets confirmed above 7823 OR 7832

Ilango said...

The sharp fall...

brijsolution said...

ok sir we all keep in mind..

Sir as we are trend follower.. now mkt oversold on daily chart but on hourly still need more candle for oversold area..

Sir can we here part book @ 7760-7770 ??

Raman Kapoor said...

Falling wedge bottom hit

Ilango said...

@ brijsolution,

I would prefer to trail at this juncture.

brijsolution said...

Ok sir...

RAMAN... yes bottem hit & break also

Ilango said...

Below 7811, the next target of 7765 also reached.

brijsolution said...

now next is 7730-7700

Ilango said...

Heading closer to 100dsma-7738..

anmpatel said...

7725 is wedge bottom in 4hrly chart, http://prntscr.com/4wnpj7

Ilango said...

Ilango said...
The sharp fall...
October 16, 2014 at 2:55 PM

brijsolution said...

my god... what a fall one way... all passion pays today..

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

bulls knocked out will take time to recover

brijsolution said...

Thanks once again sir..

Bye to all friends,,

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