As long as it trades below 4915, downward pressure will be on...
****************************************************************
VIX based range for the day is "4835 - 5000". (My critic is betting on the lower side in the first half based on 5-minute -ve div..& he feels the bottom may be in already for the first part of the down leg).
"Mok" has sent the following MP profile chart showing the support band where buying should emerge, failing which downtrend will resume. Holding the support band, the short term uptrend should continue. "Shai" of "VTrender" too has a target of "closer to 5000" for this settlement day based on MP profile, VIX-volatility & Open Interest data interpretations.
Satyam sit of "Niftydimystified"(In our blog list) has shown this chart with a likely top for this short term reversal to 5022. He has a convincing calculation for the lows that have been made so far.
Different methods, different approach and it points UP....now what the market has to say..??
50 comments:
Hai everyone
Nifty's Descending broadening wedge broke on the down side on 25th. Now it has got back into the pattern again.
http://niftychartsandpatterns.blogspot.com/2010/05/nifty-descending-broadening-wedge-break.html
thank you
Sir,
After 3g auctions,anil ambani groups of company is in need of cash.Further ,the non competitive clause is no longer is in vogue.Mukash Ambani is going to buy in Rcom and RNRL some thing to nearer to controlling stake and give cash to anil ambani .Market has given a thumb down to facilitate the purchase of share by Mukash group. Either it may go down further to further facilitate for acquiring or go up depending upon the relationship with market and political big people according to their requirement etc etc - news going on market and telecom circles -watch this stocks -any body can give some thought on TA-Disclaimer- News based -risk is involved- brokers may want to unload the positions or so on-trade very cautiously-like nifty (Illango) if any body having detailed table ,market profile , etc etc enlighten with opinion etc
Dear Ilango,
Good Morning,
Only 2.27 Cr.NF roll over for next series is the plus point for bulls otherwise I do not see any up side for Nifty today.The few points here and there will not make any difference.NF 200 DMA is 5000 today and It is and will not be easy task for bulls to go beyond 5000 in today's environment.I will look first 4893 and then Dear AAR VEE's 4840.To day,on the last day of expiry addition of approx.30 to 50lac is expected in NF next series.It would be deciding factor for this series in coming days.Let us see.
good morning all
@mynac,
Beginner here. Can you explain rollovers and its relevance for the market ? "for dummies" details will be helpful. Appreciate your help.
Thanks
gd
Good Morning Sir & classmates.
Good Morning to ALL
Good Morning..
All my seniors, classmates and Master...
SIL
Good morning everybody.
@RG, please check - yesterday's cash market buying cannot be sold today. This per SMS from ventura.
Good Morning Sir and Friends.
@Shr
u r right..
"Due to the same day Exchange settlement, shares purchased on May 26, 2010 will not be available for ATST sell on May 27, 2010."
Dear golfdude,
For here,In simple words rollover = taken/kept positions in the scrip/index.At the end of the day it is used to adjust by NSE,on the intraday squaring off the positions and the final O.I. is published by them in the bhav-copy.For example yesterday's June NF was 2.27 CR. at 3.30 and in the bhav copy it is 2CR means 27 lac was squared off in the intraday trading.
sir & family
Gm..
sir no views on tisco..
Ilango sir yr trade table still showing conservative sold @5182??
Dear golfdude,
Regarding the relevance.It is observed previously that on the last day of expiry ,30 to 50lac O.I. used to get added in the Next series.So at present it is undecided that whether it will be added bet.4900+ range or -4900 range.At present 600000 are added below 4900 so let us watch the remaining day's action.
GM Ilango and Friends!
Good morning Ilango Sir and all
Sir, opening price?
Knowing today will be volatile and bumpy ride.. resisting and reminding myself NOT TO feed the brokers..
Wait for masters command and keeping pre-market view in mind..
SIL
good mng dear ilango sir,
and all blogmates,
@mok
plz provide the link for MP and VP AFL CODE for amibroker and how to set it up.
any help is appreciated from blogmates.
@prashant
spot 4915.15
future 4916.00
sir
5029 is the last swing high if we touch that
it will confirm change the ll lh pattern
thanks sir,
its a laboratoty output.
drsaurab, hi, talk to shai, he did.
GM MOK
hi WW
prashant sir,
lets see if sir says 4923.75
Nifty is trading near the "resistances - 4925-4935"..above this 4950-4960-strong resistances(Day High ema).
So far it touched VAH(4898) at the open and moved higher.
@Ilango,
Sorry Ilango, didn't ask for your permission....Please check out my intraday trading system. Please giveyour valuable suggestions to make the blog better.
Thanks in advance..
hourly 9-rsi is approaching overbought territory
one should sell @ 4940 Sl 4955 target 4910
Ilango sir, conservative longs have 4845 as sl??
sir
""""""""My critic is betting on the lower side in the first half based on 5-minute -ve div..& he feels the bottom may be in already for the first part of the down leg)."""""""
clarify a bit more"" what s first part f d downtrend""
and is it a confirmed "C"
Hi Ilango,
Look for buying in the dips @ either 4885 or 4865 or inbetween(4872-Low ema) with a SL @ 4845. Resistances are explained by "aar vee" in the comments(4945-4965) and if it surpasses, it could go all the way sharply to 5000+.
As long as it trades below 4915, downward pressure will be on...
HOW TO READ THIS CONFUSED STATEMENT. 4845 STOPLOSS IS 40 POINTS FROM 4885 AND 4915 BELOW ITS RISKY MEANS WE ARE STILL IN DOUBT, 4945 HAS GOT BIG RESISTANCE. LOW MADE 4897... SO WHO IS LONG ? WHO IS SHORT AND HOW TO UNDERSTAND YOUR CONFUSED VIEWS..
All others who understood, suggest how to read this..
Regards
Hai everyone
NIFTY HOUR FORMATION OF A TRIANGLE WHICH WILL DESCIDE THE DIRECTION OF THE TREND.
http://niftychartsandpatterns.blogspot.com/2010/05/nifty-hour-developing-triangle.html
THANK YOU
@uac,
@uac
what i read it as
buy closer to dlema 4873 if it reaches there, tomorrow
table will have a long conservative trade then provided
closing not below 4845.
if it doesnt get to 4872 then closing above 4985
u have to get into longs
Hi..uac,
I am sharing my thoughts here..If it confuses you, stay clear off it.
If you genuinely have some doubts, ask a specific question..If I can, I will answer you.
The problem here is - you have already judged me ...So whatever you ask should not matter anymore.
You want "entertainment", go to a busy "fish market".
@ manu,
"First phase of the down move is over - meaning the fall from 5400 has ended @ 4786 and a larger retracement may be on targeting more than +226 points from the low...a temporary bottom may be in.
Oldy got rusty...hahaha
Wow Ilango, just a genuine crtitic u cant answer, and u ask for more critics.
It was not expected from ASSUMED TO BE GOOD ANALYST...
4830 in trade table, 4830 pivot support, 4835 vix based range, 4845 stoploss ( decided by master).. & the best part is no one bought it hahaha...
No weakness in sight yet...
U do a mistake and i will expose it. There are lot many like you who first wins the people faith with few pet(rons) (Net face of them is hardly visible)..and once the followers are big list, you shoot them in one go...
Haunted
except Nifty touching the Upper Bollinger band..which may produce a reaction..
NEW POST DONE.
hey UAC
and i can tell u exactly where that FISH MARKET is
, they actually spend such a boring life throughout day over there, they wud literally LOVE to hav a joker like u in between them
Dear Mr. Elango
Shall I buy nifty at this level 4939.
5012 level u r expecting now when we have already rallied 150 points... with no buying position...
what a fake ...
@san,
whatever my understanding is that triangle pattern shud have lh
and hl. it is not there in the pattern, better to draw channels
Guys..
Nifty enter the RESISTANCE Zone explained by AARVEE... 4945-4965...
SIL
sethu solrathuthan naann ninaippathum,
palaya uravugalil onru anbu thollai kotukuthu yenru thonrukirathu
thanks sethu
Mr.uac,
So many times Ilango sir told that he is just presenting his views... and decision is depends on individual perception...
Please keep attitude of "All is well"
If u want u can argue with sir for difference in view but dont insult any body...
keep ur mind cool while trading....if it is not thn say "All is well"
wish u Happy and profitable trading...
All
Shangai(+6,
Nikkie(+86),
Hangseng(+143) moved into green though with
FTSE slight negative -15,
DOW is +51
just an observation
SIL
@All
UAC may be a slow learner or his way of presenting his doubts / query might be offensive to many of us - still why castigate him.
Let us be generous and give him first benefit of doubt. Let us re-explain to him in kinder-garden language what and how to interpret the levels and comments given by Ilango, which Uac asking.
Even then Uac continue to create discord, then he can be banished from our thoughts.
Maybe, someone who understands Ilango insights well (and there are few here who do it very well) may like to help Uac, for once.
With due permission from Ilango.
Thank You
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