Friday, June 11, 2010
Nifty Premarket View
SATHEESH: Nifty surpassed the second channel line shown and its close above the DHema (5074) indicates strength. The week HEMA 5137 will be the next resistance and surpassing it nifty would easily scale to 5200+ (Month Hema) which as per EW theory is the “c” wave unfolded. Also 5200+ would form the channel resistance shown in 3rd line - 4th line..
Retracement strategy, a must for traders.
Trading strategy that works wonders besides the supports & Resistance is " Retracement strategy ": The strategy that has wor...
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I 'll always be there for you. To make you feel that you're secured. And even if the rain is pouring hard and the sky is almost dark... -
5010-5039 supply zone proved a ST resistance. 5002 proved a break down point. 4945 to 4982 proved a corrective rise, monitored with an ... -
Trading strategy that works wonders besides the supports & Resistance is " Retracement strategy ": The strategy that has wor...
34 comments:
Good morning Ilango sir and blog mates.
The us markets after making a gap up has ended near the high of the day. So if the asian markets are trading positive till 9 o clock we may get a gap up opening as well.
Nifty daily chart is updated.
http://niftychartsandpatterns.blogspot.com/
Thank you
China inflation at 3.1% ,above expectations and above govt. target for the year.....rate increase imminent..kindly watch out for overheating in chinese economy and euro problems....though TREND IS FRIEND....keep an eye on worsening global fundamentals.
Thanks
Good Morning Elango Sir and All
Have a nice trading today..
Today's range : 5125-5170. Probable close: 5135+/-20
good morning sir..
thanks for the homework last evening :)
hi all...
Good Morning Ilango sir and all
Thank you sir. I really feel as if I have got a 10 point grade in my examinations.
gm ilango, san and everyone...
great work satheesh...
Good Morning all.
Ilango GM. Please note that your figures for Weekly & Daily EMA's are quite different from mine.
My Week High Ema is 5154 and day is 5083. Pls. revert.
GM Ilango & Friends!
GM rm!
Hi Bhope!
goodmorning sir, goodmorning friends
:)
respected ilango sir good morning thanks for ur advice today i had book my nifty at 5120. THANKS ONCE AAGAIN
Gm Illango sir & all blogmates
Hai everyone
The triangle gives a gap up. Charts updated
http://niftychartsandpatterns.blogspot.com/2010/06/nifty-triangle-break-out-gives-gap-up.html
Thank you
Good Morning Sir and Friends.
Satheesh nice,crisp and clear. (but who scored the balance 90?).
GM all!
GM sir and friends...
To me HNS pattern still valid...need to cross 5140 to invalidate hns....moreover looking at OI data doesn't seem like nifty is in a hurry to cross & sustain above 5100....rest lets see.
hi PS,
manu, now i realize ... :)
Sir family
Gm..
waiting fr tisco telecast :)
@San
very good updates paa ji..
can u explain tisco gap theory..
abv 477 u c filling of the gap?
Thanks Manu
I have updated the TATA STEEL chart in my blog. I am posting it here.
http://niftychartsandpatterns.blogspot.com/2010/06/tata-steel-inverted-head-and-shoulders_11.html
Thank you
@RG Sir,
have a look on United Phosphorus chart here..
http://tradingontechnicals.blogspot.com/2010/06/united-phosphorus-ltd.html
Thanks
Mo(n)k paaji..
realizing is good when one is old..
hi mok,
gm sir and friends
manu,
all ages are good ..
stone age to old age ... :)
San - Thank you for the chart. Very crisp and levels neatly conveyed. Thank you for the efforts.
TOT-will study. Thank you.
Tata Motors July future opened with 825 !!!
Thanks raja sir
@Rajagopal
Today SBI opened 2630. Why this kind of high
marked.
You are all very much experienced, Please throw
some light to guide us about this.
@San
Marketbhavishya.com website not working for the past
10 days. Any info about this..
So much struggle to cross 5130 that you'd think yesterday never happened.
@
sryasdmurali
you can try http://www.anirudhsethireport.com/ instead marketbhavisya
NEW POST DONE
Sryas "You are all very much experienced" addressed to the wrong person. Just completed my First Year. I don't know whether there is a trick with the "after hour" rates for buy/sale? or some error like the recent RIL-ICICI trade - about the freak quotes.
@Rajagopal
There is one level for SBI 2360 to be reach.
Instead of that somebody wrongly quoted 2630 ?
Anyhow good numbers are came
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