Friday, June 8, 2012

Nifty Pre-Market View.

Nifty did a pause @ 5040(5043) at open and moved into 5055-5060(5060)zone as suggested yesterday.
Nifty is almost at "day's channel resistance". Overbought hour would show weakness below 5035.
A close above DHEma would continue the upward momentum.
34DEma @ 5005 & Rising 21 Hr sma(presently @ 4960) & 4984 are the immediate supports.
The kind of corrections so far have been shallow and one needs to watch how the "overbought Hour" gets adjusted or it affects the day trend.


Nilesh Patil said...

Good Morning Master & Friends,

EE done.

magna said...

Good Morning
Master .

sudharsan said...

Good Morning Master & all Friends

swing_trader said...

good morning to all


R/Ilango sir,good morning nsame 2 all reader's.

sudharsan said...

Master I am online after a long time..Very happy to be Back.. looks like Train has paused for a while and people like
me who missed before can get in now....

Mr. Sultan said...

Gd mg illango sir i m happy aapne humey dunya ka sabse kimty khazana kholney ki master key sikhayi hey and julias aapko bhi thank u verymuch

Mr. Sultan said...

Illango sir n nilesh sir if i want to trade with position , wwhat should i do? Plz suggest me, san yr analysis also good but i dnt understand that may i keep position on d base of daily chart or weekly chart?

Hari_Hyderabad said...

Good morning Master & JN family

J.R.Julius said...
This comment has been removed by the author.
San said...

Good Morning Ilango Sir and Friends

NIFTY resistance levels: CLICK HERE

J.R.Julius said...

Camarilla Key Levels
Nifty Futures
H4 5060[BUY]
H3 5045[SELL]
L3 5014[BUY]
L4 4998[SELL]

*From entry 20pts SAR instead of SL is good
as per our observation of the ranges between
the entry levels below 20pts. Personal decision
advised. Good Luck.

Parimal said...

Dear Master and all friends
May the Lord bless us all with good health and prosperity
Have a nice day of trading

saravanan k said...

Good Morning Ilango Sir & all Blogmates


Manish said...

Good morning master and JN friends !

Wishing all a Great Learning and Earning session today.

Good Luck !!!

Thanks Master for very Big Learnings this week of June and helping identifying trends since February.


Overall view for today:-

Nifty resisted at 5055 - 5060 after a gap up opening.Due to overbought hourly TA ,small correction towards 5018-4977 & then bounce towards 5100+ is possible.Breaking below 4950 is again in favor of bears.Today's closing above 5000+ will make weekly Trend UP.Crossing resistance at 5072 is big hurdle for bulls, once crossed smooth move towards 5100+.

4977-5018 - Support area .( Re-Buy opportunity. )

5042-5072 - Resistances ( Crossing 5072 , next
Immediate target 5102. & 5174)

5072 - Overbought Level ( Partial Profit Booking )

Changing your sentiments as per the trend from bulls to bears or vice versa is hardest thing, but the most required for successful TRADING. TRADING game is always against human nature,

Winning our own emotions makes our way to success easier.

Current Trend: - UP.

Possible Movements:-

1. 5042 < = > 5018 < = > 5072 < = >5102 < = > 5174.

2. 5042 < = > 5018 < = > 4977 < = >4948 < = > 4926 < = > 4904.

Two best rules for successful trading:-

1. Initiate position in the direction of trend near support & resistances.

2. Max stop loss - 30 points.

Happy disciplined trading to all.

Have a nice day!

Jiignesh said...

Nifty spot daily bbtop 5029
Banknifty spot daily bbtop 9838
Both will try to reach till bbtop


(every trader needs a trend to make money.)

Yash and Dhan said...

Good Morning Sir and blog-mates.
EE done


Ilango sir
I can not download ur exl file.its saying to login. or login bi nehi ho reha he. how can i download exl file. plzz sir help

Jagan said...

Namaste Ilango Sir and All.

dayakar said...

Pranams Gurudev.

sushil said...

good morning master and blogmates

Shradha Saburi said...

Good Morning Sir and all gems of JN
@ Rishi M
It was 4965
sorry for the delay
@निलेश पाटील
पहिला पाउस पडतो तेव्हा ..........
कविता खूपच छान वाटली
धन्यवाद !...

Prabakar said...

Namaste Ilango Sir and JN Family

Dinesh Rishi said...

Good Morning Master and copy to All

missing and is being marked as absent

dont complain if your lectures are short

SANPOT said...

Good Morning Ilango Sir and blog mates.

Nilesh Patil said...

@Dr sir,
Mail sent.

sometimesbullsometimesbear said...

@Nilesh Patil beautiful poem, Thank you.

venkatapathy l said...

Namaste Ilango Sir and fellow bloggers


A J said...

Politicians and fools arrive late. I am not a politician :D
Nice to see your pic in "My Blog List"

Dinesh Rishi said...

Nilesh Patil


Iposted on JN Group

हातातली कामं टाकुन देउन


good morning sir and all friends.

teejay said...

Good Morning IIlango Sir and everyone...

Dinesh Rishi said...


Thank Q

Yesterday enjoyed your Citys Seasonal Fruit

anmpatel said...

@DR sir
good poem, yesterday in ahmedabad good rain in my area. we enjoyed best.

SANPOT said...

Sir, yesterday's close above 5020 was the positive confirmation of the uptrend. Also Nifty had a Gap Up opening which sustained through out the day indicating of a strong Impulse wave. Also the prices closed above the upper Bollinger Band again indicative of a strong Trend.
After 5090 next resistance zone can be between 5125 and 5200 which previously acted as strong support zone.

sometimesbullsometimesbear said...

DR thanks for posting Nilesh Patils lovely poem on google groups with english translation.
Its truly lovely. U made my day!

Bhushan said...

Good morning Gurudev and friends

A J said...

Cool, rest can salivate...

Prabhat said...

GM Master & to all friends.

One thing to notice. When all world mkts are red, Spain & Italy are always green when all world mkts are green, they are always red.

Looks like spain & Italy are the item boys of world mkts.

Anyways, mereko kya karna hai unko lekar. Are mera yaar PT, kuch bhi karo lekin nifty ko aaj 4960 ke neeche close karo..

@DR Sir & Kumar Sir & all other bulls - please take a break from mkt today. Bears want some time to recover & make thier presence.

Prithvi said...

DR Sirji,

ॐ श्रीं ह्रीं क्लीं
त्रिभुवन महालक्ष्म्यै
अस्माकम् दारिद्र्य नाशय
प्रचुर धन देहि देहि 
क्लीं ह्रीं श्रीं ॐ ।
Thanks for money mantra

numchar said...


Salivating ..we could manage to get some here at premium.

Prakash-Pol said...

Good morning Master
and Good morning to all

Prakash-Pol said...

Cam sell trggered at 4998

sushil said...

SIR i want to join google group. request mail send please accept it.


aap ko very very thank u

Dinesh Rishi said...


whats ORB of today

you can use NF values only

The problem with yesterdays trade was
it was trade against trend

IF JNSAR is long short trade is to be ignored

Ilango said...

Staying above 5005-5010 zone would suggest ending of "green iv" and start of "v" towards new uptrend high.

Dinesh Rishi said...

If the OBR range is too big

one need not to keep SL of High or Low

20 point SL can be applied.

shabsaif said...

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

Prithvi said...

Dr sir,
Yes it is big gap
So i didn't post today

Thanks for taking care and guideline

Ilango said...

@ sushil,

No mails received.

nifty rider said...

do we consider ydays high as st high?

sushil said...

Spain Downgraded to BBB as Fitch Forecasts Slump Through 2013

Kumar Technicals said...

Good Morning ILango Sir & everyone!

Thank you Master for adding D R Ji's blog in MY BLOG LIST.

Dear D R Ji, lakh lakh badhaaiyan...where is party tonight?

Dear Prabhat! Wrong request, i already entered in PT's camp yesterday at 5052:)

anmpatel said...

where should i put green 'v' approximately? thanks

Dinesh Rishi said...


my Master says there should be "consistency"

dont worry for gaps news etc.

parminder said...

Master ilango ,
Gud Morning

nifty rider said...

market is supreme.either one of two recent lows is false or one of two recent tops.

Shradha Saburi said...

bulls are protecting 5000
for the bigger upmove

parminder said...

Dinesh ji , Dr kumar and all blogmates
Good morning

Dinesh Rishi said...

Kumar Sir

Thank Q

Your party on the way

it cheating u entering bear camp chupkey chupkey

SANPOT said...

Sir, what does Green iv mean?

Ilango said...

Please stop predicting....

Start following....

Let your "sharing" show some "reasoning".

Don't spill your "Guts" here.

J.R.Julius said...

Camarilla Intraday - Trade1
Nifty Futures
L4 4998[SELL] triggered with 20pts
SAR instead of SL.

anmpatel said...

nifty resisted at hrly lema.....5028. oh god please give hrly close above lema

mynac said...

Dear anmpatel,
And 5028 is today's high volume trade value since opening...:)

anmpatel said...

OMG. then only god can save me. little bull.

Bunty said...

Any one trading in MCX Commodity? i need vah/poc/val levels of scripts like crude oil, nickel, copper,etc. Does this method(levels) works..

Kumar Technicals said...

Dear Pam!

Good Morning:)

D R Ji!

Thank you so much, its mouth watering. Mai chupke chupke kahan gaya bear camp me, 5050-5100 multiple resistance area so maine chote safar ke liye PT se dosti kar li. 5125 ke upar fir se aapke camp me ya 4950-4975 ke beech dheere se baapas aa jaunga:)

Sujatha said...

GM Sir and all :)

Start following....

இது மட்டும் நான் ஒழுங்கா பண்ணாலே போதுமானது ஆனா அப்போ அப்போ கழுதை ரேஞ்சுக்கு உதைக்குது புத்தியும் மனதும்

Bunty said...

i email id : please reply ASAP.

SJkolkata said...

Dear Mynac,

pl enlighten how do you find high volume trades.

Regards and thanks in advance.

parminder said...

Dr ji ,
congrats on the inclusion of the Blog

anmpatel said...

Dear mynac
OI 1605400 se 16217850 hua. and nifty also increase form 4992 to 5000 now. does it sugeest longs added? pl guide.

parminder said...

Dr kumar,
hamein bhi apni sharan mein ya kisi bhi camp me to
le lo

SANPOT said...

Ilango sir the "b" of 'iv'th, forming a triangular correction?

cooldent said...

DR sir


Enjoying the monsoons in kerala. So beer will not do for me.

kerala nifty said...

derar gurus
sir how can join google gruop

parminder said...

master todays open and high same

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