Wednesday, May 2, 2012

Nifty Pre-Market View.

"5271-61.8%"-is the immediate resistance above which 5305-80% & 50sma @ 5312. A close above 50sma would add strength to the upmove and inability would add to the doubts. "5222"-Mondy's intra double bottom & 5DEma is the immediate support breaking of which could be the first aggressive signal of weakness and the next minor support @ 5215(5DSma).
It's a "5215 to 5315" tussle.

26 comments:

Nilesh Patil said...

Good Morning Master & Friends,

Yogavidya by Parimal Devnath said...

Namaste beloved Master and all friends
May Lord bless us all!
have a nice trading day

Sanjay said...

Namaste Ilango Sir & Blogmates,

Bulls are trying to take control of the OI Table, but some more work needs to be done; Option Analysis for 30-04-2012

Yearly, Weekly & Monthly Profile Charts and Values

Duplicated at Wordpress Site

Thanks & Regards,

Sanjay Kr Jaiswal

dayakar said...

Pranams Sir,
Good Morning to All.

Jagan said...

Namaste Ilango Sir and All.

Nifty futures said...

Namaste Ilango Guruji,

GOOD MORNING to YOU & to all members of JUST-NIFTY family...

Prabakar said...

Namaste Ilango Sir and JN Family.

Asha said...

Goodmorning Ilango Sir and all the Blogmates!

Billgates said...

hi ilango sir,
April has come to and end and so can u please
throw some light on monthly trend now.can u show on charts
EW labelling on monthly charts and where we are heading.
please show some monthly EW charts if possible during day or
in EOD posts.

thanks in advance.

venkatapathy l said...

Namaste Ilango Sir and fellow bloggers

LV

J.R.Julius said...

Good Morning All,
New Blog Visitors:
Learn JNSAR before Trade
.

Camarilla Intraday
H3 5265& L3 5231 may play today.

Today L4 5215 & 5DSMA same!

Bhushan said...

Good Morning Gurudev and friends

INDITRADER said...

Gm Illango sir & all.

J.R.Julius said...

Camarilla
Watch Key Levels
H4 5282
H3 5265

Parminder said...

master ilango, good morning
Regards
☺☺

SANPOT said...

Good Morning Master and all blog mates.

Ilango said...

"5280" resistance of "aggressive trade table" is holding. More upside possibility "only" above this as per "EW".

shabsaif said...

Good Morning................

Piyush Sharda said...

sir,

61.8% gone at 5271 80% retrace at 5305. i am not
able to understand 5280 in connection with ew

Ilango said...

@ PS,

If it is just a counter rally to 5342 to 5155 fall, we could assume that an "abc" bounce is done from 5155 to 5280.(A 3 wave)

If it is a new uptrend, then the first set of 5 sub-waves from 5155 to 5262(or today's 5280)is done and an irregular "ii" wave correction may be on which should hold above 5215-5222 zone for the current bullishness to continue.

But if the market breaks above 5280 soon, then we presume the "iiird" wave is underway.

Prabhat said...

@Master: Does break of 5255 sound the 1st sign of
bearishness where one can short untill 5215 zone which is
the level of buy again (I am mentioning an aggressive
strategy)

Piyush Sharda said...

thank u sir. a far sighted approach for day trade

Unknown said...

@Sir and friends
Our dear Gauresh's father is not feeling well from past many days and he is hospitalised, And we JNFAMILY must pray for his speedy recovery.

buggie advani said...

@ Gauresh
I will pray for your father's speedy recovery

Ilango said...

New Post Done.

yogeshvislot said...

good morning and pranam sir!

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