Tuesday, April 5, 2011

Nifty PreMarket View.

Harpreet says: Thanks a lot for the confidence shown in the study and including it as a part of premarket study no 28th march, as per the time study the pattern should be complete by wednesday or thursday, the possible completion points of CD leg remain the same. will mail you the possible targets after the pattern is completed. .................................................................................
Hi..Harpreet... I have marked 1,2,3 points on the chart and I suggest you point out the most likely terminal points as per your experience of studying these patterns.
And Thank you for sharing your efforts with everyone here.

Today afternoon session or tomorrow opening session would determine whether, the developing negative divergences remain and manifest in a break down. Failure of such an occurance would lead to bigger rises. The last major resistance for this uptrend would be 5935-5965 zone.



28 comments:

chetan said...

good morning sir & friends.

Dinesh Rishi said...

Always, try to pretend to yourself that you are happy...
Slowly it becomes your habit & finally it becomes ur nature.

END is not the End
In fact E.N.D. is
"Effort Never Dies"

If you get NO as an answer, remember, N.O. is
"Next Oportunity"

Always B+ve...!!!
Gud morning...

Parminder said...

good morning llango Sir

parminder

Prabakar said...

Good Morning Ilango Sir and JN family.

Good Morning DR sir, Nice way to start the trading day. I am a+ve. :)

jay shah said...

gm sir and freinds

BNS said...

GM Sir & Blogmates !!

DR ji Very Positive Morning :)

jay shah said...

jaijinendra prashantbhai

venkatapathy l said...

GM Sir and friends

LV

shiva said...

good morning,seniors..
DR sir, that's like a fouzi..
b+..

gauresh59 said...

Good Morning ilango sir, DineshRishi sir, and friends,

Today's Quote received :

You can close the windows and darken your room, and you can open the windows and let light in. It is a matter of choice. Your mind is your room. Do you darken it or do you fill it with light? Choice is always upon you....not anyone else....

Yuva said...

Good Morning Elango Sir and all blogmates.

Rajagopal said...

Good Morning Sir and Friends.

rrknan said...

Nifty Open High same today but at 6000

rrknan said...

Looks like NIfty may loose all the points it made yday.

POWERTRADE said...

Good Morning sir and Warriors

POWERTRADE said...

After A Long time Glimmer of hope on the horizon

Ilango said...

Price halted @ Channel resistance, traded below Hour pivot 5909; halted @ day pivot-5887.

Further falls/ rises beyond 5928 - 5887.

BNS said...

Sir is 5940 or 5965 ? the right SL for aggressive shorts
(in puts), taken overnight. Hope price confirms divergence
with lead SS (but still in OB Zone).

BNS said...

Master answered before I could post. Thanks Sir.

Anil said...

Strength of downmove will be tested at 5866 todays day high EMA and yesterdays breakout level,
huge colume came in at opening 5-10 minutes, in all heavyweights,, a profit booking by major player, seems to be in place...

yesterdays closing VWAP - 5908.5, nifty bounced from just at that level, keep an eye on it.

Just OOT,
Market rumours (not in retail segment), but huge derivative players are expecting some news coming in this week.

Prashant said...

Bearish engulfing pattern in hourly chart

Ilango said...

For aggressive shorts, revise the SL to day's high - NF5950; NS5928.

If crosses it, then resell @ 5965 approx. we'll review it later.

For the fall from 5950 to 5910NF, retracement comes @ 5925/5930/5934. Beyond 5934NF, chances of new high increases. But if it doesn't breach these levels but breaks 5910, then it'll move dn to DHEma/ S1(5855) or lower.

Ilango said...

Always Partbook in your trading. If your remaining positions hit SL(keep revising them during such reversal period or sideways mode except during trending mode), you still make money.

Not giving it to brokers/markets.

Anonymous said...

Good Morning Everybody!

Nifty is unable to hold near 5920 bcoz Camarilla operator unloaded 1 truck Nifty at that level, lets see when she is coming to cover it:)

Rgrds,

Kumar

Chandra said...

Today NF opened @ 5948 & High made 5950. This is as per by ventura's pointer trading s/w chart.
Just for info.
Chandra

Chandra said...

@ Ilango sir,
Did you received my file re-sent yesterday.?
Chandra

Ilango said...

New Post Done.

Anonymous said...

Thank you Kumar Sir. We are holding 5900 calls so far and Nifty future sold at 5715 april equal quantity.

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....