Wednesday, September 8, 2010

Nifty PreMarket View.

If the correction is for the last rise from 5474 to 5622, it should limit itself to 38% to 50% retracement(5566-5548) for a break-out scenario from 5500. And that would be a good re-entry point to ride this uptrend. A fall below 5530 would weaken such a bullish view.
We also have our other Tech.table indicators to guide us along the way.

24 comments:

San said...

Good Morning Ilango Sir and Friends

Nifty weekly line chart is showing breakout. But the week should close above 5550 at least for the breakout to sustain on closing basis.

LINK TO NIFTY WEEKLY CHART

Thank you

Krishna said...

Ilango sir, good morning. Is it possible for you to post a long term view [starting 2003] and upto 2013/14 on the Nifty whenever you find time?

Prabakar said...

Good Morning Ilango Sir and Friends,

r m said...

Good Morning all!

EssDeeWaves said...

GM all....

ani said...

Good morning Sir and blog mates

shiva said...

good morning,seniors

u.k.Raj said...

Good Morning ALL

Local said...

gm all

Prabakar said...

GM Yoda Mam, RM and Seniors.

INDITRADER said...

Gm Illango sir & all,
Get ready for nxt strategy call tomorrow,
But I need the permision of master to post my call & its
updates,so if he permits I will post it in future.

Local said...

gm Prabakar.:)

musti, you could try linking like San's been doing. That's unobtrusive.

r m said...

Hi Prabakar. :)

mynac said...

gm everybody,
NF carrying Huge O.I.,Huge buildups in near territory of the current Nifty Future price in respective PE's & CE's, market trying hard for either side breakout,when after many days DII turned net buyer in cash segment yesterday.Interesting situation.Dear Ilango,if possible please let us know your critic's view.

Prabakar said...

Dear Sir, RM, Yoda,

Any idea when MOK sir will be back? Missing eye catching graph's. :(

Prabakar said...

Sorry i Meant Yoda Mam..

Sujatha said...

Sir,

How to calculate the "Gartley Pattern" levels in advance like fibo or other pvt? What's the levels we have to take it for X-A when calculating for Bearish/Bullish. Trying to do something on this , because it's combining with FIBO too.

Kindly guide me. Thanks in advance.

Regards

r m said...

@Prabakar

Yeah, his charts were work of art! No idea about the duration of his assignment, hope it finishes quickly.

Prabakar said...

Thanks RM Ji. :)

Ilango said...

NEW POST DONE.

@ musti,

I have stated this for everyone who visits here to participate in the discussions with their contributions with their messages without putting up any urls.

As SAN gives timely intraday chart updates, I suggested to him to put "Links" for easy access for everyone. Others could continue to post their messages.

mynac said...

The reason behind my curiosity is due to only DII buying in cash segment yesterday.Because though it is not a rule,but,it has seen previously that whenever DII had come for buying in this type of situations,means market is near to it's up trend.& FII start to sell.

Local said...

Prabakar sir,

No idea when mok'll be back - those charts of his were amazing. And his enthu was infective.:)

Local said...

mynac, do you think the FIIs made a mistake selling before and may not do it again? Someone once posted a comment that they made huge losses the last round of DII buying.

San said...
This comment has been removed by the author.

Post a Comment

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....