Monday, April 18, 2011

Nifty, resisted @ channel top again, fell to 20 & 200sma.

Being highly oversold and closer to the cluster supports, Nifty rallied from 5810 at the open and stopped exactly @ Channel top as well as DHEma-5898 and started the slide without any intra bounces and ended at 20 & 200 sma. It has also closed below DLEma quite decisively.
Monthly pivot, MCEma, WLEma are @ 5685-5660/5630. The resistances faced during the current rally from 5177/5223 were @ 5600-5608 which act as an immediate support zone.
There was no evidence of buying support @ 200sma. Nifty has just exhausted itself after a near 200 point fall from the day's high. Tomorrow's price action will be decisive whether 200sma holds or not.



14 comments:

Unknown said...

Ilango Sir, I am missing how to calculate JNSAR.
Please give me how to do that,
Thanks in advance.

Parminder said...

Sir,
Your analysis says all abt u being a GREAT T.A
and we have to learn a lot

Parminder said...

Sir
Always be there as a GUIDE and MENTOR

rrknan said...

US EUROPE ALL DOWN one look forward to GARTLEY targets

Sanjay said...

Dear Ilango Sir & Blogmates,

What do u feel – Bears are in control? Option Analysis 18-04-2011

Thanks & Regards,

Sanjay Kr Jaiswal

Unknown said...

@vijay,anuj,awadesh
What do you all think, all people here are waiting for your advertisement, to join you.
Why don't you all people trade 10lakh quantity in your own tips and earn.
And if you all cant make money from your own tips than what do you think we all here are fool that we will pay you?

Where are you RG SIR?

alphabet1 said...

Caution : Nifty better fall now, else anything above 5824 can very likely see it fly this time.

And world is covering our HDFC Bank here:
http://www.fundmymutualfund.com/2011/04/hdfc-continues-to-execute-even-in.html

mynac said...

Dear jigs,

10lac QTY ? each? intraday? :))

jmoorthy said...

S&P puts ‘Negative’ Outlook on U.S. Dow is down 211 points down. We can expect more downside in Nifty tomorrow.

Unknown said...

@mynac
If their analysis is too accurate than 10lakh qut is nominal. They should do

gauresh59 said...

@Jigs,
Both Silver and gold shining........heading for target set

Sukuoo said...

PIB Chart Data Synch Tool 5.1.0.3
http://www.4shared.com/file/0pRvZFs0/PIB_Data_Synch_Tool_5103.html

Dinesh Rishi said...

Ek Nai Subah..
Ek Nai Aasha.
Ek Nai Ummid.
Ek Nai Soch.
Ek Bar Phir Aasman Chune Ki Koshish.
Kamyab Hone Ki Chahat.
Subh Ki Pehli KIRAN Ke Sath"

Good Morning

earnbymee said...

check out the latest stock news

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