First sign of weakness, if any, would be below 5820.
Thursday, April 21, 2011
Nifty PreMarket View.
If today's opening session makes good progress and moves past 5890-5900, it would be a smooth breakout.If it hesitates near R1-5886-5895(Daily Channel resistance), then a pull back is likely. How far it pulls back and finds support considering long weekend, market could keep us guessing for most part of the day. Pull back upto WHEma-5850 would not alter uptrend. Break-out, whenever occurs, will face resistances @ previous tops @ 5925-5945.
First sign of weakness, if any, would be below 5820.
First sign of weakness, if any, would be below 5820.
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....
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5010-5039 supply zone proved a ST resistance. 5002 proved a break down point. 4945 to 4982 proved a corrective rise, monitored with an ... -
If the steady FIIs inflow reflects in the prices, 5405 should be protected going ahead and market may encounter minor corrections and keep m...
31 comments:
thank you very much for your constant support everyday.good morning to you & all friends here.have a nice day.
good morning SIR.
Thanks for ur views and support as always
Good Morning Ilango Sir and Friends
Nifty Week with a Descending Broadening Wedge: CLICK HERE
Good Morning Sir.
I have downloaded Tech.table yesterday from the link JustNifty TA(20). But I couldn't find JNSAR column in that excel file. It has J10.SAR. Am I missing something here?
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Good Morning Ilango Sir and Friends
Good Morning Ilango Sir and JN Family.
VGM DR sir, I am going to try OREYO today. :)
Prabakar VGM
lets start with this
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Good Morning Ilango and oldies.....
JUST TO REMIND YOU ALL THAT TODAY IS 21ST APRIL AND
"RAJANDRAN" IS WEDDING "VIDHYAA".
My best wishes to them.....
@Ilango, if you think, this post is irrelevant here in this blog, you please delete it.
Thanks & Regards,
Thanks DR sir. Greedy for Big one!!! after yesterday's SL hit. Gave long leave for Adamant.
GM SIR N BLOGMATES
Good Morning ilango sir and friends,
Today's Quote received :
Future is not what we planned for tomorrow.
It will be the result of what We Do Today...!!!
Life is 'X + X + X'........
Yesterday is Xperience......Today is Xperiment..... &..... Tomorrow is Xpectation.
So use your Xperience in your Xperiment to Achieve your Xpectations.
gm sir and freinds
Sir,
Should we keep a filter for JNSAR today?
Shreyunik. yes with filter 5800NS
Thanks cooldent.... I was asking esp because pivot is at same point and Sir has also mentioned weaknes below 5820. Hence , slightly concerned.
sir ..gm..
DR.. BN entering the zone again..will it this time
ssa i missed
good morning,seniors..
Manu SSA
mushkil hai :D
Master,
Nifty resisted at @5894 daily channel resistance exactly as stated in pre-market.. Any reason to think of failure to break it once more?
Goodmorning Friends and Master. Nifty might fill the gap of 5857 spot [yesterday's top], near to which WHEma 5850 lies as Master said.
Good Morning Ilango & DR:
I am enjoying your daily postings .
Keep it up guys.
Raj
Gm Sir, and JN traders,
As mentioned pre mkt view open/Resisted at 5894 ,so long week end 5850,breaks 5780 possibles...?
@ Jay,
Thank you very much for reminding us of "Rajandran's (Market calls Blog)"marriage.
We join you in wishing him "A very happy married Life".
FIRE,
breakout is imminent today or monday...
so its best to hold longs and add on dips?
@ Fire,
There are always sellers at "Resistance points". They challenge the bulls.
TA as studied from "Lead indicators" of Hour & Day looks good for continued uptrend.
There are times the pull back could be shallow. And there are times they pull back to the nearest support which are presently 5850-5867(Week & Day High Emas).
There are minor cluster supports for NF @ 5865-5875 zone.
Ilango,
should we hold long with stoploss 5850?
Master,
Sometimes physical health also affects mental condition too. Perhaps thats why feeling a bit shaky today. In times like these, your guidance seems all the more precious. My gratitude!
SBI made a high of 2832, which is the exact resistance. A move above that may push the BN higher.
New Post Done.
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