Friday, April 8, 2011

Nifty PreMarket View.

Weekly range being "5833 to 5944", trading on Friday is likely to be within this zone only as a "pause week" within the uptrend. Bulls would look to defend few numbers tomorrow - 5855(3-day low); 5834(DLEma) and 5825(JNSAR).
Bears, presently not active, would attempt to keep Nifty below 5886(Day Pivot);5896(DHEma); and 5906(Previous day's high).
Nifty needs to close above 5869 to stay in uptrend(only for day as week TA will remain up) and a close above DHEma would bring back momentum.

Aggressive Traders SL may be revised down to 5930 or 5945.

32 comments:

Parminder said...

GM llango Sir

aktainwala said...

HI ! Good day to All

Daily PIV , mid point of yesterday range &
yesterday close same 5886.
S1 and yesterday low same 5866
R1 and yesterday high same 5906

Simply said 5866 - 5906 can be today's BO
range. Mid point / PIV 5886 the SL for both
sides.

Thanks To Ilango and all for the inputs.

Ashok

Dorai Raj said...

Hi Ilango:

Can you explain how to interpret the data given in the last tabulation under '' 2.a : Aggressive Trade(Intraday)''.?
Also, the moving averages in your charts are displaced by how many bars to the right?
Appreciate your advise.
Raj

Unknown said...

Good morning Ilango sir, thank you for updating the
aggressive trader stoploss.

shiva said...

good morning,seniors..

Dinesh Rishi said...

Successful people R those who r always focused,
determined and work with one single aim,
one single motive of life

! TO WIN !!

Good Morning.

gauresh59 said...

Good Morning ilango sir and friends,

Today's Quote received :

Dad took his son to a village to show poverty. After the trip he asked his son about poverty,
Son replied:
We have one dog, they have four..we have small pool, they have long river….we have lamps, they have stars….we have small piece of land, they have large fields….we buy food, they grow theirs.
The boy’s dad was speechless.
Then boy said:”thanks dad for showing me how poor we are…”
Life is all about how we see, interpret & accept things.

Instead of Thinking about what you are MISSING.....
Sometimes it is GOOD to THINK About what you have that many are MISSING...

jay shah said...

gm sir and freinds

chetan said...

good morning & goodday to sir & everyone here.

venkatapathy l said...

GM sir and friends.

LV

Dinesh Rishi said...

BN completed NR7 , today weekly candle

big move expected

Prabakar said...

Good Morning Ilango Sir and JN family.

shr said...

Good morning Sir and friends

Lakshmi said...

@ Dinesh Rishi,

Is the big move expected in upward direction?

Fire said...

@DR,

So can a trade based on ORB breakout be taken today in BN?

Anonymous said...

GM Sir and all.

Dinesh Rishi said...

Arvind

very Simple

whats STT (Short Term Trend) of mkt

whats direction of JNSAR?

Rajagopal said...

Good Morning Sir and Friends.

chetan said...

dinesh sir,
what is NR7?

Dinesh Rishi said...

FIRE said...
@DR,

So can a trade based on ORB breakout be taken today in BN?

No I will never recommend BN for intra-day Trading

its moves are wild

Dinesh Rishi said...

Narrow Range 7

Friends make use of Google :D

Santa and his wife were to go for party
Santa could not find his shoes

Santa opened his Laptop and started smiling

His wife asked switch off and find your shoes we r getting late

Santa Replied wait Honey I am goggling shoes

Sujatha said...

Good morning sir and all :)

Thank you Kumar sir. Please hold the upside. will join later

Alert - Again v reached the same impt level in both the indexes. Anybody pls. solve the puzzle. sir don't leak :)

Ananyavrat said...

crude now @ 111 almost...
markets surely not wanting to go up today...
i think we should hold our aggressive shorts today might be the day.... waitng for ilango to confirm the trade

Dinesh Rishi said...

Sis Suj

Cat on Wall?

Fire said...

@DR,

Thanks.

Ananyavrat said...

looks like 5855 and below coming up this time?
finally negative divergences play up?
waiting for ilango's confirmation....

cooldent said...

5906, 5896 now 5886 Sir has already given the numbers

chetan said...

thanks dinesh sir.

Anonymous said...

Dear Sujatha!

I hold it so long but now Nifty saying me enough is enough...when Cam operator is not here me to support than why u r trying to hold me?? So now Bears shud dance....weekly close so Gurrilla war will remain on whole day.

Sujatha said...

DR - yeah i am sitting with the cat :D whenever the cleaner index not resisting @ high shorting. Nothing secret. Just I am kidding, but nobody is replying what is that?? It’s nothing but FIBO nos. No confusion in “jumping which side” as of now it’s downside jumping only :

Ilango said...

NEW POST DONE.

Rajagopal said...

Will there be a Crude shaddow? Regarding Crude my understanding is :

When USD made ATH at 106 Apr MCX was at 4919. Now new high is up by 5 USD (@111USD) which means MCX must be beyond 5200. But it is still at 4900. Soooooooooooo... If our market corrects, FII profit book, Rupee weakens Crude will be at ???

Just to be cautious on the Fluid Gold.

Don't blast me if my observation is kiddish. I am the ever green retarded kid of this family.

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