Thursday, April 1, 2010

Nifty PreMarket View


Though "shorts" exited @ 5250NF yesterday, Exit @ 5260-5265NS as "Hourly" is oversold and there is a possibility of reaching 5305+(B of 4th) or higher to 5400+(5th wave). And read the earlier post suggesting good liquidity favouring uptrend and hence short term "Longs" are advised.

"I may not be available most time...will drop in to update".

32 comments:

r m said...

Good Morning all!

manojag said...

Ilango,
GM,Are you still holding conservative shorts as per your chart above with a revised stop loss of 5330 NS or you are advising exiting CS at 5260-65.Could you please clarify. Thanks.

Viren said...

GM All.

Value Areas :
Nifty- 5280-5267-5257
BN- 9490-9519-9529

amrender said...

ilango & all
good morning
pl give vah,poc & val of nifty.
thanks
amrender Gill

Sunil Sehgal said...

Manoj,

Ilango means we should exit shorts ard 5260-65 and SL till then is 5330.

sunil

amrender said...

thanks viren

Anonymous said...

Hi Manoj,

May i know what is full name for NS and CS. I know only NF means NIFTY FUTURE :)

Ram

Babu said...

@Ram
NS- Nifty Spot
CS- Conservative Short
i think

arpitg345(gauresh) said...

good morning ilango sir and other blogmates

-arpit

KGovind said...

Ram

NS = nifty spot
CS = conservative short
AS = Aggressive short

Just a joke. Ram you do not know mych about nifty.

manojag said...

Sunil,
thanks

Anonymous said...

Govind,

Thanks. I am learner to F&O and trying something in Options market. :)

I am open to ask some silly questions like this, please bear with me :)

Ram

Viren said...

Reliance (fut) is strong. Up 10 points from 1080 levels noted by Illango yesterday.

satheesh said...

Good morning Ilango sir and all.

@ viren,

VAH POC and VAL of tatasteel please

SMALLTRADER said...

BABU sir,


Any update on tcs please

Niftybaaz said...

GGGood morning ilango sir and other blogmates
i have exited my shorts at open and now long @5280
regards
vikram

Viren said...

Satheesh,

632.3-632-631.7.

satheesh said...

Thanks viren

satheesh said...

Viren

One small doubt. the values of stocks eg., tatasteel - you give is based on EQ or futures?

manu said...

sir & family
GM
sorry missed the action ystrdy..
our mangoose short(mynac) s bak..wll wait fr his lvls..nywys shai..d co-relator.. posted good work..

Viren said...

Satheesh,

tata steel i gace you is EQ.Not much of help today. TS is up big today.

manu said...

@viren pa ji..

unitech tf-expiry ..val?
thnx fr live commentry:)

satheesh said...

Viren,

Will the adjusted VAH POC and VAL values at say 3.15 pm to 3.25 pm vary much at EOD? If it is not so then will it be correct to take entry the same day itself?

shr said...

@Viren, Yesterday in reliance there was an internal transfer among the promoter groups amounting to 38% of their total holding.This was informed to the exchanges few days back.

Babu said...

@SmallTrader
I executed TCS SF@822, my broker says stay shorted, but keep stop loss as 803.85. so following it

Niftybaaz said...

dear viren

is it ok to remain in long position in nifty
according to you

regards
vikram

Viren said...

Thanks Shr,

That explains it.Because Illango pointed out the volume in the stock, but I didn't see it in the future.The future picked up only much later, but not the entire vol.

Sathhesh,

The figures are finalised at closing bell.

Manu,

On a 6 month TF, VAL is 72 and POC is 74.So right there, careful here.

Ilango said...

= = == = = = = == = == =

NEW POST DONE

= = == = = == = = = == =

Prabhakar said...

Good morning Ilango Sir and all blogmates

manu said...

@viren
oh thts ws realy at right time..

plz gv ur view and cn u post a chart on vtrender for ths ..careful on upside..wht s vah?

manu said...

viren
thnx fr all i forgot..

SMALLTRADER said...

Babu sir,

TATAMOTORS,JINDAL SAW AND TISCO UPDATION PLEASE

Post a Comment

Retracement strategy, a must for traders.

 Trading strategy that works wonders besides the supports & Resistance is " Retracement strategy ": The strategy that has wor...