The chart below shows the possibility of an ending diagonal. But the same chart may get relabeled differently based on the future prices. The point of importance is around 5135.
Wednesday, January 13, 2010
Nifty PreMarket View.
An intra rally from the short term oversold levels at 5180-5190 may materialise only to find resistance @ 5235-5255 zone.
The chart below shows the possibility of an ending diagonal. But the same chart may get relabeled differently based on the future prices. The point of importance is around 5135.
The chart below shows the possibility of an ending diagonal. But the same chart may get relabeled differently based on the future prices. The point of importance is around 5135.
Elliot's Impulse waves.(Part-5)
IMPULSE WAVES :- The Basics Waves that move the market in the direction of its main trend either up or down are called Impulse waves. 1....
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5010-5039 supply zone proved a ST resistance. 5002 proved a break down point. 4945 to 4982 proved a corrective rise, monitored with an ...
28 comments:
HAPPY PONGAL TO ALL
Happy pongal to all.. Seeing Singapore nifty, we may open around 5180 or below. According to chart above,Is it advisable to go long at those levels?
hi ilango,
good mng
in ur previous views u wrote abt nifty not moving below 5197 ie the top of wave 1. but now ur talking abt some alt view.im trying to catch up with ur alt view but when it changes it has repercussions for me .
as im a conservative trader i beleive in trading less and maintaining my position for long.
in ur sunday view u mentioned that
1.not go below 5197----preferrred view
2. alt view is ---- down a-b-c.
difficult for me to follow during day hrs , as im working in a hospital.
this all is not to offend u, just to mention my worries so i want ur guidance how to mange my trade now as im long at 5210.
dr. saurabh
Hi..Sekar,
It depends on the Asian markets at 9.00AM. 5160 & below may be a good level for day trading. OR wait till 5135.
dear ilango
im also not getting ur updates in time it happens after 2 hrs.
plz tell me he right procedure to get ur updates fast.
dr. saurabh
Ilango sir,
Mangalam Ponga Inia Pongal Vazthukal and Happy Lohri. Wishes for safe and profitable trade.
Mr Ilango
sgxNifty Low is 5173 LTP 5179, has gone <5182.
pSar is at about 5150
50dsma 5048
Yesterday 3:20 you had mentioned some importance about level 5125, sir.
If falls to 5125 should we go Long from there ?
Can we Short if opens below 5182, with TightStopLoss at about 5190, aiming for the 5150, 5125 or 5050 ?
Wish you, your family & all blog participants Happy Pongal !!! :)
Moh
இனிய பொங்கல் நல் வாழ்த்துக்கள் ....
கணேஷ்......
It's very nice to see the PVT/AVERAGE levels @ chart itself...good idea sir, Thank u :)
Happy PONGAL& Happy profitable day to all.
Regards
Ilango Sir,
Happy pongal to you and your family members.
Ilango Sir,
From the Low of 4943 and high of 5310 of nifty, the fibo ratio works as below:-
23.6% 5221.65
38.2% 5169.45 |
50% 5129 | 21day MA -5145
68.2% 5088
sir iam learner, what i wish to know we can look for fib.ratio alongwith trend line and moving averages sir? kindly enlighten me when ur feeling free.
thanks mahalingam
Hi Ilango,
Happy Pongal Wishes, Your Name shows you are from TamilNadu... Can you tell me where you are from, and any contact nos.. Pl. send me on my email : anandan777@hotmail.com or anandan777@gmail.com..
For today.. Nifty can find support at.. 5150..
first cover your short postions at this level.. then go long around 5150.. for Intraday... Target of 5220..
Thanks. Anandan.R
Happy Pongal and Happy Lohri to all!
Hi..Dr.Saurabh,
For conservative longs were asked book out @ 5290 long agao. Besides last week it was suggested to write 5200 & 5300 calls. Yesterday, it was suggested to open shorts in conservative trade. All these are preMarket views.This is for the benefit of the traders who cannot monitor during the day.
There are only to methods to get the updates.
1. By subscribing to email.
2. By visiting the blog.
I am trying to update by 7.00AM.
Best regards.
Exit your longs when there is some intraday bounces.
Yes..mok,
Ideal level to initiate longs is @ 5135.
Thanks sir
with regards
Moh
Dear Mr.Ilango Sir,
Happy pongal to you and your family members.
Thanks.
Happy Pongal to you sirji.
The average support for the day ((5156+5183)/2) = 5169.50 and Nifty has bounced off that low and heading towards the Pivot @ 5228.
Hii Ilango sir, i exited my shorts @ 5187 NF. Can we take A of correction over or sud i short sell now again for 5160?
Ilango sir that means i can short again near pivot?
hi..Bizagra,
I have suggested only for an intraday trading from 5180+ to 5240+ in my Premarket view. A conservative trader, if acan monitor intraday, should book out & re-enter shorts at the above mentioned levels till the supports at the trendline comes.
So base your trading accordingly with the help of the intraday charts..
hi ilango ..happy pongal & hap. lohri..no body wishing lohri..seems no body is frm punjab n ths blog..rest i didnt rcvd lvls fr unitech..
regards
manu
Thanks Ankit Solanki for the msg and sharing info on Tata Comm. Your tgt achived shd hold or exit
hi..manu,
Unitech correction is on. Good supports around 83.0. If it can hold 78-75 and surpass 91.50, it can make some big moves. Next few days trading should give some clues.
And Happy Lohri to you.Same festival is celebrated here as "Bogi"..
Hello Illango sir,
I have a small and humble request.
With so much noises from so many on levels and entry and exit points, am getting confused since at times am unable to intrepret intraday charts with perfection.
Hence, I make a very humble request to you to raise an alert here whenever theres an opportunity for entry. I know you would not like to "recommend", so am requesting you to just raise an alert with the entry and possible exit levels. People can decide at their discretion on the trade.
I hope am making sense here.
Apologies if am demanding against your principles. But sir, you have helped us so so so much so far..we would be grateful if you could "grant" us the success also !!
Also, am eagerly awaiting your view on our request of classroom class on TA OR did I miss your reply ?
Sincere regards
SIR PLZ TELL ME ABT HDFC, ASHOK LEYLAND
Sir, I have Suzlon @ 94.20 level. may I hold or Sell?
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