Wednesday, April 13, 2011

Nifty PreMarket View.

Correcting Nifty coming closer to Day:S2; Week S2 @ 5746 below which the 200sma is @ 5721-25. Booking profits (Parts..!)on shorts considering the oversold Hour TA.
A word of caution would be the truncated week with the prospect of closing below 5795-(Weekly High Ema) which would turn off the weekly momentum and indicate a sell on rises.
If there is a reversal to this correction, it should emerge from here @ 5720-5745, failing which the control would shift to bears.

35 comments:

San said...

Good Morning Ilango Sir and Friends

Nifty's Riversal candle: CLICK HERE

Nilesh Patil said...

Good Morning sir and all Masters.

chetan said...

good morning sir & friends.

Parminder said...

Good Morning ilango Sir

Fire said...

Master,

Can we make a strategy then that we part book shorts in the 5720-45 zone and if in any case, 5720 breaks, we add shorts again? Otherwise, add shorts on rally?

Prabakar said...

Good Morning Ilango sir and JN Family.

Dinesh Rishi said...

These r a few wonderful pairs in dis world,
Heart n beats, Night n moon,
Fish n water, Flowers n colours,
My msgs n ur smiles.

Good Morning

Prachi said...

GM Sir and all

Prabakar said...

@Fire,

Just now saw your note. Will send you the sheet.

gauresh59 said...

Good Morning ilango sir and friends,

Today's Quote received :

Argument may win the situation, but lose the person.... Patience may lose the situation but wins the person.

It's not important to go to heaven after we leave...but it's important to create heaven in someone's heart, before we leave.

Prachi said...

Prabhakar r u maintaining excel file for calculating
rang based on volatility?

Regards

Bullish Cartel said...

Good Morning 1&all,

Good Quote gauresh

jay shah said...

gm sir and freinds

shiva said...

good morning,seniors..

Prachi said...

@prabhakar Is 2days range is 79+/-?

gauresh59 said...

I add two more wonderful pairs :

Bank Nifty n DineshRishi Sir
Nifty n Just Nifty

Bullish Cartel said...

Ilango Sir,

Action in the last few days confirming the bearish bat theory?

Fire said...

@Prabhakar,

No problem. All your help is greatly appreciated. take your time.

jay shah said...

VIX is down at opening inspit eof markets gap down chances of Sir's levels of morning holding are bright

Prabakar said...

@Prachi, Yes Volatility is 1.37 and the range is 79.75.
From 11th close 5785.7
+79.75 = 5865.45
-79.75 = 5705.95

Prachi said...

thanx prabhkar

Dhananjay said...

Reliance is going below 1000... is it a bearish sign?

deemis said...

@all
the charts and premarket view posted by ilango sir are not displayed in my browser. can anyone help
thanx and regards
deepak

Chivukula Krishnamohan said...

@Ilango, Monday JNSAR is 5845 - and we went below it. Any reason why TT is showing JNSAR as UP and bought from 5445?

POWERTRADE said...

Good Morning Sir and Warriors

Rajagopal said...

Good Morning Sir and Friends.

vaibhav gupta said...

Why sudden rise in Prices of Niftyfor very short period.
From 5783 to 5841 in no time??

deemis said...

@all
the charts and premarket view posted by ilango sir are not displayed in my browser. can anyone help
thanx and regards
deepak

manojag said...

LNT freak qoute

manojag said...

RG,
Corruption taking its toll on DMK.Cong next?

Fire said...

Nifty Hits Weekly Cam S3 & 38.2% retracement level of the fall of 5927-5835 so far.

Ilango said...

@ CK,

Corrected. Thanks.

Prachi said...

Sir cud not book profit at open
sud I place sl to cost for 50% quantity?
thanx in advance

Ilango said...

New Post Done.

nifty said...

@ vaibhav

That's because I sold BNF @ 11555. My computer broke down. Trading software got corrupted. And I wasn't able to trade at all on Mon.

For almost 20 days or so, SARs never got hit. And just when the SARs were about to be hit, the computer craps out. 200 pt rally in BNF in just 30 minutes. To hell with it.

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