Friday, June 15, 2012

Nifty Pre-Market View.

Nifty,breaking below 5121,has logged into a corrective mode.
Above 5084(34 HrSma), it would gather strength and staying above 5095(21HrSma) would confirm the same.
In other words,5084-95 is a resistance zone.
Nifty needs to cross to establish strength.
Has 5047 completed the 2nd wave or could it fall again to 5015-23 zone as envisaged earlier??
The Answer would be given by the market alone when it deals with(or fails to deal with) the 5084-95 zone. Nirav Patel suggests a 5-wave completion @ 5144. In such a scenario, the fall to 5048 is "a" of 2nd and today's rise would be "b" and another "c" is likely.
If you are a bear, 5110> x
If you are a bull, >5065.



79 comments:

Nilesh Patil said...

Good Morning Master & Friends

Shradha Saburi said...

Good Morning Sir and all gems of JN
@निलेश पाटील शुभ प्रभात
सकाळीच मार्केट मध्ये ? पहिला नंबर लागला.

ALBELA HOUSE said...

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

Mr. Sultan said...

Nilesh sir camrilla is 100% best caculater or wht? I dont think it fails, wht u say ? Suggest me sir i started tradimg from last month n most of its working but some tim price moves below h3 first 15 min then moves above after 2 hour so what. Should i do? I panic n book my loss sometim.

anmpatel said...

@master
good morning
sir please explain this

If you are a bear, 5110> x
If you are a bull, >5065.

Mr. Sultan said...

Illango sir i always follows yr charts plz help me for this problem

San said...

Good Morning Ilango Sir and Friends

NIFTY Chart analysis : CLICK HERE

Just Huge Consistent Profits said...

Good Morning Ilango sir and Friends.

Happy Trading Friday to all.

Nilesh Patil said...

सुप्रभात श्रद्धा सबुरी, हो काल कामामधून वेळ मिळाला नव्हता अभ्यासाला म्हणून सकाळी जरा लवकर उठलो.

Yash and Dhan said...

Good morning Sir and dear friends.

Nilesh Patil said...

Mr. Sultan,
I don't follow camrila levels. i watched it for additional confirmation. If you fallow JNSAR it will be better. But i can't deny the success of camrila levels which is used by Sujata Sis, and Julious. They are great in using that tool. I suggest you to go with Masters premarket view with jnsar. There is one simple method introduced by Shriram also.
You just read and understand 3 trading rules told buy Master. 2 days just read that rules and memories it in back of your mind. In starting you must stick to your one method or blindly follow JNSAR. so you will get confidance. Don't mix to many methods for trading. Follow which suits your study and trading style. DR sir is best for positional long trading. Mynacji and Sanjay Jaiswal sir is very good open interest analysis t, Sujata sis, and J.R. Julious is great camrila trader, and Opensource Kumar sir is a good swing trader. If you find all are correlated with different systems but there conclusion is same about market and making consistent success. I would like to mention also San sir and Fire sir. They are silent but there study and charts are very helpful. So Choice is yours.

saravanan k said...

Good Morning Ilango Sir & Blogmates.

Rgds
Saravanan

SANPOT said...

Good Morning Ilango Sir and all blog mates.

Nilesh Patil said...

sorry typo mistake read Opensource as a Of course

Dinesh Rishi said...

Good Morning Master and copy to All



Mr. Sultan

I cant help you in this regards

cos I dont do intraday trading

Intraday has different rules and if one can always be on toes he should only do intraday

Intraday will reward you with money is not sure

but few thing you will get for sure

1. Specs
2. Piles
3. Lowerback pain
4. No social contacts
5. Saint type life away from family

Indiacharts said...

You usually keep all corrective counts open so why is the recent rise wave 1 and not 1/a?

Nilesh Patil said...

Dr sir,
Very true. :)

Prabakar said...

Namaste Ilango Sir and JN Family

Dinesh Rishi said...

Welcome Back Kumar Sir

स्वागत है आप का
मिलिटरी स्टाइल मे

http://www.youtube.com/watch?v=kovFUWyNB-0

Jagan said...

Namaste Ilango Sir And All.

Parimal said...

Namaste beloved Master and all friends
May the Lord grace us with PATIENCE!
have a nice trading day

venkatapathy l said...

Namaste Ilango Sir and fellow bloggers

LV

venkatapathy l said...

Dinesh Sir

Too much abd it is blunt.

Love you

LV

sushil said...

good morning master and blogmates

Dinesh Rishi said...

Shri Ram ji

Pranaam savikaar ho

thanks for FRAMA, have star market it will open on
weekend

Regarding SMA & EMA

I have done lots of research and will mail you logic this weekend, somewhere detailed research is published will digout this weekend.

I came to conclusion that EMA is for day Trader
and for Swing trader SMA is better

KISS is

Exponential moving averages will turn before simple moving averages. Simple moving averages, on the other hand, represent a true average of prices for the entire time period. As such, simple moving averages may be better suited to identify support or resistance levels.

http://stockcharts.com/school/doku.php?id=chart_school:technical_indicators:moving_averages

Kumar Technicals said...

Good Morning ILango Sir & everyone!

Dear D R ji! Thank you so much for warm welcome in military style, this song dedicated to you...

http://www.youtube.com/watch?v=5XOi1GzOgfc

Bunty said...

One Interesting link for read to my respected Master and fellow blogmates

Who Loaned Greece the Money?

http://demonocracy.info/infographics/eu/debt_greek/debt_greek.html

meignanavel said...

good morning to all

shabsaif said...

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

dayakar said...

Pranams Gurudev And All.

parminder said...

Master ilango and friends,
Regards and good Morning to all
☺☺

Prithvi said...

Good Morning family,

parminder said...

DR kumar and Dinesh ji
SSA with Regards
☺☺

anmpatel said...

DR sir
Nilesh sir
Kumat sir
Shri ram sir
can anybody explain
If you are a bear, 5110> x
If you are a bull, >5065
thanks

Prakash said...

Good Morning Ilango Sir and all mambers

Nirav said...

Thanks sir for appreciating my effort

Regards,
Nirav Patel

subho said...

GOOD MORNING ILANGO SIR & ALL BLOG READERS...

NITIN KADAM said...

Again Nifty entered into tricky zone, Closing below 5100-5130 keeps this UP trend intact whereas closing below 5060-5030, bears will take the control.

5060-5080 - Support zone (Buying Opportunity)
5030 – Another Strong Support (Reverses the trend, Level For Fresh Shorts. )

Current Trend: -UP But Tricky, Closing will decide the trend.

Possible Movements:-

1. 5055 < = > 5080 < = > 5100 < = > 5130 < = > 5171

2. 5055 < = > 5080 < = > 5030 < = > 4988 < = > 4963

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!

subho said...

DEAR NILESH SIR@ SIR YESTERDAY U TILD ME USE SS ON 60 MIN CHART.... BUT HOW TO USE SS... ?? PLZZ EXPLAINED

Hari_Hyderabad said...

Good morning master & JN family

Ilango said...

@ Indiacharts ,

Very valid one.
I'll do it right away as the 3rd birth has unusual pangs..not the type associated with emergence of 3rd.

shiva said...

good morning,seniors..

parminder said...

Hi,
Stalled again at the levels by Master 5085-95
☺☺

ravi said...

Subho brother, kindly use small letters please.

Dinesh Rishi said...

subho

u have Trade Tiger

if yes download Teamviewer

I'll do setting for you

POWERTRADE said...

Good Morning Sir and Warriors

subho said...

thnx @dr sir...

NEVER GIVE UP said...

good morning sir and all friends.

Prithvi said...

Indiacharts (Rohit sir)

Good morning Indiacharts (Rohit Sir)

parminder said...

Open and low is same today

ravi said...
This comment has been removed by the author.
Kumar Technicals said...

Dear Pam!

SSA....

Dear Dr.Akash Patel!

As i understood, 5110 must be border limit for shorts & 5065 for longs. Rest Master will tell better so i am also waiting his views upon ur query:)

bb said...

Can we short here?

Prithvi said...

ORB HIGH:- 5096.45
ORB LOW:- 5069.55

parminder said...

Dr kumar,
Good Morning and thanx for the clarification of the masters Golden letters.
Rest we are novice so we leave it to him
☺☺

durga said...

@nitinkadam ji,now as per TT it is sell on rises.As per jnsar it is still in long mode.please clarify wt you mean by current trend in your post.thank you.

parminder said...

Master ,
i know i am Novice bt as time passes by and 50 and 200 Dma are nearing each other with very little Gap will it not be a DEATH CROSS by next few days.
Regards
☺☺

parminder said...

Dinesh ji,
Hamari bhi setting kara do market se pls
☺☺

Dinesh Rishi said...

subho

I bow 2 u

Man ur such a simple and innocent like a child

Plz delete ur ID Password post

and mail me ur cell No. I will ring you

Nilesh Patil said...

@subho,
Setting which i used given by DR sir, I m ready to give but i will just tell you. Dr sir will teach you how to use it.

@anampatelji,
fall from yesterdays high is almost 61.8% reached
if it is b of 2nd you may short here with sl of 5110 of Masters premarket view.

Prabhat said...

@Master: I wanted to confirm. I guess from you pre-mkt views & looking at the 1st 30 mins of opening, I guess if one is bearish for the day, he/she can short nifty @~5090 levels with 5110 as SL for tgts of yest's low.

But if one is bullish, then one can go long here with 5065 as SL.

Shradha Saburi said...

nifty scaling down trying to grab support.

Nilesh Patil said...

@anampatelji,
Also refer TA files count. It will help you better to understand it.

Dinesh Rishi said...

parminder ji

अगर मार्केट से सेट्टिंग करनी है तो लाइन मरना सीखो

learn how to draw trend lines

Lolzzzzzzzzzzzzzzzzzz

anmpatel said...

Nileshji
KT ji
thanks

parminder said...

Dr ji,
aap ko line de to raha hoon aap phone hi nahin uthate
Regards

Prabhat said...

@Sujatha Ma'm: Today is weekly close & trend assertion day. So what are your levels of closure?

@PT: Tab se request kar raha hun ki nifty ko aaj 5000 se neeche close keejiye..

Nilesh Patil said...

@Parmindarji,
SSA, I m also waiting to see that what happens.

parminder said...

Pt , where are u long time no see no post no levels
kahan ho bhai
☺☺

subho said...

@dr sir ...any problem sir????

Manish Chogale said...

Nice Lines Dinesh
"अगर मार्केट से सेट्टिंग करनी है तो लाइन मरना सीखो"

Kumar Technicals said...

Dear subho!

Open blog is not right place to post e-mail id, Trader id & passwords. Thats why D R Sir suggested to talk you on phone:)

subho said...

dr sir@ check mail

subho said...

dr sir & kumar sir & nilesh sir.... really i am new bee..my age only 24+..... thnx to suggest me sir

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