Monday, July 2, 2012

Nifty Pre-Market View.

Happy Birthday to dear Srini Harkara (One of our oldest readers).
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The upmove from 4770 to 5124/5144 had pull backs of 53 & 65 points along the way.
5315-5340 zone would be first resistance zone.
5220-5251-Wk & Day Pivots are expected to act as supports.
Parminder has spotted a rising wedge pattern from the lows of 4770 of this current uptrend and Nifty is hovering around the upper resisting trendline of that rising wedge. We'll consider it as the TA start to merge with that and the prices continue to keep themselves within its boundaries.
One of the highly rewarding trading strategies is "Pattern spotting", the most recent one being the "ascending triangle".

42 comments:

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

Camarilla Key Levels
Nifty Futures
H4 5349[BUY]
H3 5323[SELL]
L3 5271[BUY]
L4 5245[SELL]

Personal Decision Advised.

Jiignesh said...

Many many happy returns of the day and very Happy Birthday Srini Harkara

Bhushan said...

Good morning Gurudev and friends

Happy Birthday Srini ji

Nilesh Patil said...

Good Morning Master & Friends,

Happy Birthday Sriniji

Prabakar said...

Namaste Ilango Sir and JN Family

Prabakar said...

Dear Srini Ji,

Many More Happy Returns of the Day

Just Huge Consistent Profits said...

Good Morning Ilango sir and friends.

Happy Trading Monday for everbody.

Good Luck.

saravanan k said...

Good morning ilango sir & all blogmates.

Happy birthday Mr.Srini Harkara

Rgds
Saravanan

viji1975 said...

Dear Srini Ji,

Many More Happy Returns of the Day

Rocks said...

Good morning master and dear blogmates..

Have a great and fruitful day!!

San said...

Good Morning Ilango Sir and Friends

Nifty and India VIX Charts: CLICK HERE

sudharsan said...

Good morning Master and friends

Shradha Saburi said...

Good Morning Sir, and all the gems of JN

sudharsan said...

Good morning Master and friends

ALBELA HOUSE said...

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

Suraj said...

Good morning Ilango sir & all blogmates.

Happy birthday Mr. Srini Harkara

Regards
Suraj

SANPOT said...

Good Morning Sir and blog mates.

Prakash-Pol said...

Good morning Master
Good morning All

Prabha Gopalkrishna said...

Good Morning and Thank You Master and Seniors for all the inputs and guidance.
Happy Birthday Sriniji.

Parimal said...

My dear Sir Ilango and all friends
Soulful Prayer for PATIENCE and Lord's GRACE
have a nice day of trading

parminder said...

Master ilango and friends,
Regards and good morning to all.
Thanks Master for guiding
☺☺

Dinesh Rishi said...

Good Morning Master and copy to All

Happy Birthday Srini ji

parminder said...

Happy☺ Birthday Srini Harkara ji

navtash said...

Many many happy returns of the day and very Happy Birthday Srini Harkara

meignanavel said...

good morning sir and all blogmates

venkatapathy l said...

Namaste Ilango sir and fellow bloggers.

Happy birthday Sriniji.

LV

Yash and Dhan said...

Good Morning Sir and all blog-mates.

Jagan said...

Namaste Ilango Sir And All.

Happy Birthday Srini Harkara sir.

Hari_Hyderabad said...

Good morning master & JN family

Happy Birthday Srini Harkara Ji, many many happy returns of the day

shabsaif said...

Good Morning.............
Happy Birthday to Srini...............

Prithvi said...

GOOD MORNING FAMILY

NITIN KADAM said...

Good Morning Sir & Blog-mates,

Till nifty is holding above 5213-5217 levels it is strongly bullish. Crossing resistances 5311-5370 would make Nifty’s path clear towards 5445-5520.Re-Buy opportunity near supports 5213-5243.

Supports & Resistances for today:-

5285-5311 – Resistance area.

5213-5143 – Support area. ( Re-Buy Opportunity)

Current Trend: - UP.

Possible Movements:-

1.5285< = > 5243< = > 5311< = >5340< = >5370.

2.5285< = > 5243< = >5213< = > 5311< = >5340< = >5370.

3. 5285< = > 5243< = > 5213< = > 5190< = >5168< = >5138.

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!

sandeep said...

gm to master, drn julius sir n all

sandeep said...

sorry gm dr sir

ELECTROCRAFT SYSTEMS said...

lets try this bear call spread
sell Ce5300 @ 93 and hedge it with buy CE 5500 @24.5. Net premium received 68.5 less brokerage.
this is in anticipation that nifty will not go above 5300 in this expiry.

Dinesh Rishi said...

Happy Birthday

Kalpana Chawla

(July 1, 1961 – February 1, 2003)

http://en.wikipedia.org/wiki/Kalpana_Chawla

NEVER GIVE UP said...

good morning sir and all friends.
Happy Birthday to Srini Harkara Ji.

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