Monday, January 24, 2011

Nifty PreMarket View.

Aar Vee (Rajeev Verma) who follows "Applied Technical Analysis" meticulously and makes it more effective with "Open Interest" analysis has started new blogs to share his expertise to the willing students/ traders:



I wish him all the success in his new endeavours.. Good Luck to you, R.V.
Though the above chart looks simple for a breakout trading, there are few ways markets may unfold:
It could drop till DLEma-5668(+/-10) and reverse to break past 5705 or lower to move towards previous tops @ 5729-5748.
It could break past 5710 at the open, gets resisted at 5729-5748 and consolidate.
It could move down all the way down to 5645-50 zone and attempt a reversal.
RBI policy announcement may act as a short term trigger and the technicals will take over then on.
Conservative traders may attempt a long closer to DLEma and keep a 15 point for a S&R for their original position.

22 comments:

San said...

Good Morning Ilango Sir and Friends

Bank Nifty analysis: CLICK HERE

Local said...

All the best, Aar Vee, with your new blogs.:)

KM said...

GM to Ilango Sir & blogmates.

prashant shah said...

gm sir and all :)

Unknown said...

GM all. hey Tigar= kyaa khabar

shreyunik said...

Sir,
Is any filter applicable to day JNSAR if hit today?

Rajagopal said...

Good Morning Sir and Friends.

Prabakar said...

Good Morning Sir and Friends.

INDITRADER said...

Gm Illango sir & all.

manojag said...

Captain,
You are really great. Promoting team members to become captains themselves.

Unknown said...

tigar= look out for these 2 levels on the downside=
5699 and 5686, give or take 5-6 points. on the upside
5710, and 5729-30. Above 5730 and sustaining = nifty
poised to take off

Unknown said...

Dear JSL,
One av ur CHIANG'S is Born. Hats off to you
for ur relentless striving and patience with people
yet,GIVING THEM THE WINGS TO FLY

KM said...

Thanx Deepak.

Shyam said...

SOS from Rochak Parekh for Mr. KUMAR,
Sir, excuse, me. Since Rochak is still incapacitated owing to his illness – fever, A.spondaltis; he has emailed me the following message to be flashed at JN for Dr. Kumar:
“please leave a message tomorrow at JN platform addressing to mr. kumar, as per talks had with him 31st dec. with mr. kumar or through any other medium u know, stating that rochal parekh has sent u a mail regarding details of his A.S. , in case he misses to attend this mail”
Shyam Biyani

Unknown said...

sir and blogmates
i want backtesting report of cnxit index trading with
buy above and sell below 10ema of past one year i dont have
any software to backtest it so please anyone can help me
send a report on my email jigusjaan@gmail.com.
Sir hope you dont mine in this cause i am requesting here

alphabet1 said...

any blogger at Jaipur Literary Festival

Ilango said...

NEW POST DONE.

Unknown said...

Tigar= i told u

Unknown said...

Oh Boy!!! Tigar= 5727 will b waterloo. Above this n
sustaining = GOD HELP SHORTS

Unknown said...

Tigar= watch it now= eithr sustainence here, or will
drop back to 5707 -03

Unknown said...

tigar= trust u r long. this is going to b a good day
my friend.

Unknown said...

tigar= support now at 5726/45 spot. next likely upside
trgts= 5751-5767-70. below 5726/45= 5717-5698

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