Monday, June 18, 2012

Nifty Pre-Market View.

Nilesh Patil asks: Kindly confirm the death cross of nifty. If you find it useful then post in JN group.

Ans: Death cross is one of the indicators that shows the underlying weakness. It could whipsaw too and the current uptrend may continue.
Since we follow 5DEma and/ or Day JNSAR to show us the trend, it will get us in a "bearish mode" if there is going to be one.
A death cross happening when prices are below 200 & 50 sma is more potent than the one happening when prices are above it. Presently prices are above it. Hence, the signal to sell would be when the prices close below 50sma (5072)& 200 sma (5067) whereas 5 ema is already above these two averages and JNSAR too will climb above these two averages in a day. Thus, sell signals would come to those who follow "trend indicators" in quicker time.



39 comments:

santosh said...

Good morning sir & all JN members!

Nilesh Patil said...

Good Morning Master & Friends,
Thanks for the answer.

Prabakar said...

Namaste Ilango Sir and JN Family

gkm223 said...

here comes the 5195-5200 level and i am starting my journey towards short .

Just Huge Consistent Profits said...

Good Morning Ilango sir and friends.

Happy Trading Monday to all.

Billgates said...

@Ilango :- IS there hanging Man pattern on weekly F MACD charts in TA file(the last week's candle)..please confirm the same.

Mr. Sultan said...

Namaste illango sir i follow yr tradimg techniques but i m also interested to trade in crude oil , can u tell me that i can same stretegy use in crude? I use camrilla levels . Is that safe? I dont hav crude chart when i found i got that in ounce , do u hav any free chart for crude. Sggest me sir

saravanan k said...

Good Morning Ilango sir & Blogmates.

Rgds
Saravanan

San said...

Good Morning Ilango Sir and Friends

NIFTY Chart analysis : CLICK HERE

satheesh said...

Namaste Ilango sir and all,

Nifty Day Chart Long Term:
Click Here

Nifty Day 50 MA and 200 MA chart:
Click Here

sushil said...

Good morning master and blogmates

Yash and Dhan said...

Good Morning Sir and blogmates.
Have a great start to this week.

parminder said...

Master ilango and friends
Regards and Good Morning to all
☺☺

SURESH NIFTY said...

Hello Good Morning Ilango Sir & Blogmates,


@ Sanjay Jaiswal ,,, which is the best book to study Options?,,,apart from NSE study Material,,,

Bhushan said...

Good morning Gurudev and friends

Jagan said...

Namaste Ilango Sir And All.

meignanavel said...

good morning sir and all blogmates

venkatapathy l said...

Namaste Ilango Sir and fellow bloggers.

LV

Shradha Saburi said...

Good Morning Sir ,and allthe gems of JN

dayakar said...

Pranams Gurudev And All.

Shradha Saburi said...

repeat
अगले वीक में जब तक निफ्टी ५१४० के उप्पर रहेगी तब तक बुल की सांस चलेगी
regards!
June 17, 2012 6:21 PM

gap up and negotiating with month J10 SAR

ALBELA HOUSE said...

R/Ilango sir, goo morning n same 2 all reader's.

sushil said...
This comment has been removed by the author.
sushil said...

To ALL,
huge 7 lac addition in 5200 CA in first 15 min

sudharsan said...

Good Morning Master And Freinds.. CE and PE seeing massive writing??? seniors pls advice

sushil said...

5 lac addition in 5100 PA

bharat said...

The 5200 call seems to be losing its premium... Can somebody pls tell me why!?

Hari_Hyderabad said...

Good morning Master & JN family

Prithvi said...

Good Morning Family,

ORB HIGH:- 5189.40
ORB LOW:- 5174.00

SJkolkata said...

Dear Bharat,
This is a normal phenemenon before and after a major event. people tend to buy both call and put on expectation of big moves.
the erosion of premium in call and put is due to liquidation of that overbuilt position.

Regards,

POWERTRADE said...

Disounted rally --- with greece news just 40 points .. something fishy

Good morning sir and warriors

NITIN KADAM said...

Nifty opend with gap up till resistance area 5196.Crossing this wil lead nifty towards 5217-5255. Eventful day ahead , will bring some volatility in price. Closing above 5217 is super bullish.Below 5100 bears will enter with force.

Support Resistances :-

5130-5171 - Support zone (Buying Opportunity)

5100-5060 – Another Strong Support (Bears force will enter )

Current Trend: -UP.

Possible Movements:-
1. 5130< = > 5196< = > 5170 < = > 5217 < = > 5255
2. 5030 < = > 5196 < = >5170 < = >5130 < = > 5100 < = >5060< = >5030
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.

( Post Delayed Due To Net Problem. )

Have a nice day!

shriram said...

Mornign everyone,

Ending diagonal for Y.b.C Alt EW Lables can b thrown in dustbin now that 5168 is comfortably overtaken... :-)

have a gr8 trading day !

shriram said...

Next res cluster on Day TA @ 5191-5209 & 5257-5281

Shradha Saburi said...

todays quote recieved
Everyone has the brainpower to follow the stock market. If you made it through fifth-grade math, you can do it.
Peter Lynch

Amol007 said...

bharat said...

The 5200 call seems to be losing its premium... Can somebody pls tell me why!?

Reason :-

VIX came down from 25.54 to 22.29

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