Wednesday, July 11, 2012

Nifty Pre-Market View.

Below is the camarilla pivot points:
Yesterday, it showed:
HL35287Go Long above these
Nifty made a low @ open @ 5285 and moved above it & continued up till end.
Today, it has "5328 & 5363" for break-down & Break-out.
"Rising wedge" pattern's form is complete when it moved above 5333 and found resistance @ MHEma.
If, indeed, it is a rising wedge, it should break below 5285 & 5258 in quicker time and confirm a reversal.
It is also possible for the market to spend one more day within the channel and keeps its option open and a decisive move could be seen tomorrow.(When Infy results come out...)
HL5  5410 Immediate upside target after Break Out
HL4 5381 Break Out on the Upper Side
HL3 5363 Go Long above these
LL3 5328 Go Short Below These
LL4 5310 Break Out on the Lower Side
LL5 5281 Immediate lower target after Break Out

44 comments:

Prabakar said...

Namaste Ilango Sir and JN Family.

Prabakar said...

Dear Ilango Sir,

is there a H&S shoulder pattern formation on weekly NS. Left shoulder at 5399.7, head at 5629, Right shoulder formation in progress/may be completed today(or completed)? Kindly guide.

Rocks said...

Good morning master and blogmates..

Have a great and fruitful day ahead~~

raman said...

This is the kind of precise instructions that immature traders like me would find most helpful.
Good Morning and thank you for your keen insight all the time!

suresh said...

sir ji,
good morning.
n-f has formed 123 pattern on dnside
with 1=5700:2=4760 & probable 3=5364.if it reverses dn today

suresh said...

on daily charts

Smita said...

GoodMorning Sir and All !
Have a nice day :)

cooldent said...

sandeep said...
Sir Roger But as per camarilla which more correct
July 10, 2012 11:03 PM

Follow one which ever you are comfortable with

ALBELA HOUSE said...

R/Ilango sir Namaste n namaskar 2 all reader's.

saravanan k said...

Good Morning Ilango Sir & all Blogmates.

Rgds
Saravanan

San said...

Good Morning Ilango Sir and Friends

INFOSYS Chart Analysis: CLICK HERE

SANPOT said...

Good Morning Sir and blog mates.

Jagan said...

Namaste Ilango Sir And All.

Shradha Saburi said...

Good Morning Sir and all the GEMS of JN
Thanks Nilesh Patil and Parimal for the nice words.
regards!

venkatapathy l said...

Namaste Ilango Sir and fellow bloggers

LV

puravi said...

Good Morning Sir & friends!!!

I feel there was no UlTA trading yesterday...if we see Sir's trades he was on the buy side on Monday evening.(yesterday Trade table 2nd Lot). The risk reward ration of Buying near JNSAR was excellent especially when Nifty is in a range.

If we notice although we may have booked out yesterday @ closing. Some may have taken a short position but not Sir...All his intra trades are in the direction of JNSAR, that is some discipline & confidence.

One thing I am sure of by learning discipline & confidence from JN I am sure to fly with the wings that GOD has already provided.

Thank you Sir....and May we all have a lovely day:-)

Ilango said...

There is a change in "Conservative Trade".

SL. @ 5290.

Parimal said...

Namaste Sir Ilango and friends
May the Lord grant us PATIENCE
have a nice profitable day

Prabakar said...

Repeating
Dear Ilango Sir,

is there a H&S shoulder pattern formation on weekly NS. Left shoulder at 5399.7, head at 5629, Right shoulder formation in progress/may be completed today(or completed)? Kindly guide.

Pl. ignore if irrelevant..

Manish said...

Goodmorning master and all JN friends

Please note that big names like Tata steel,SBIN,TCS,Infosys and Tata motors have not participated in the current upmove from 4770 to 5348.

Wish you all Great Learning session today.

Good Luck !!!

Shradha Saburi said...

Todays quote recieved
They say patience is a virtue but patience doesn't have a expiration date, a due date or an estimate."

meignanavel said...

good morning sir and all JN family

Hari_Hyderabad said...

Good morning Master & JN family

Have a nice day

sandeep said...

gm master , julius,dr sir n all

bharat said...

Ilango Sir - interestingly, Tata Steel has cracked big time... Cmp 438.75 ...

parminder said...

Master ilango and friends,
Thanks master for the camrilla writeup in detail.
Regards
☺☺☺

sudharsan said...

Good morning Master and friends

Kiran said...

Found Support @ 5 SMA(5313-5318) 5-EMA @ (5307-5314)

nifty rider said...

market still in bulls grip

Ilango said...

@ Prabakar,

Weekly pattern does not show a H&S pattern.

cooldent said...

NS open low almost same

Prabakar said...

Thanks Ilango Sir for clearing my misconception.

NITIN KADAM said...

Nifty taking support near earlier resistance @ 5315 , Now Staying above it and breaking 5346-5390 is imporatant for bulls. Staying below 5310-5315 and breaking supports @ 5282-5299 will bring down nifty towards 5250.

Supports & Resistances for today:-

5315-5280 – Support Area

5346-5390 – Resistance area.

Current Trend: - UP.

Possible Movements:-

1.. 5315< = >5346< = > 5390< = > 5415< = >5445

2. 5315< = >5346< = >5280 < = > 5250< = > 5182

3. 5315< = >5346< = >5280 < = > 5390< = > 5415

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!

shiva said...

good morning,seniors..

cooldent said...

DR sir GM

Gap fill kardo pls

Dinesh Rishi said...

Good Morning Master and copy to All


Kumar Sir,

Pranaam Savikaar Ho,

http://www.youtube.com/watch?v=aSJ_jcEPOu0

NEVER GIVE UP said...

good morning sir and all friends.

Yash and Dhan said...

Good morning sir and friends.
Some computer problem hence late in class.

Kumar Technicals said...

Good Morning ILango sir & everyone!

Dear D R Ji!

Thanx for lovely song, today rehearsal day....real movie tomorrow possibly. One of my favourite song for u now:
http://www.youtube.com/watch?v=nedHQ4Q3bhs

sushil said...

Good morning master and blogmates

parminder said...

Dr Kumar aur Dinesh ji,
Pranam sweekar karein Sirji
☺☺

Dinesh Rishi said...

Parminder ji

Pranaam nahi Jaffi Shaffi Ho jaye

niftyfish said...

Good Morning to All Masters,
please give an idea where can I view the similar levels for high volume stocks.

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