Wednesday, July 18, 2012

Nifty Pre-Market View.

Bulls have a "Falling wedge" going for them which could terminate either today or tomorrow.
1st support comes @ MEma @ 5173 and the next is
Daily channel support @ 5145 for the day & rising while
the hour channel shows supports around 5110-35.
Strength returns above 5225 & 5248.
Bears have the TT going for them and are pressing towards WLEma(5130) and OI data supporting their cause presently.


San said...

Good Morning Ilango Sir and Friends

Tata Motors Chart analysis: CLICK HERE

SANPOT said...

Good Morning Ilango Sir and blog mates.

Nilesh Patil said...

Good Morning Master & Friends

Rocks said...

Good morning sir and blogmates..

Cheers for the day~~


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

Yash and Dhan said...

Good morning Sir and blogmates.
Have a great rading day ahead.

saravanan k said...

Good Morning Ilango Sir & all Blogmates.


Parimal said...

Namaste Dear Master and all friends
May the Lord give us right knowledge and PATIENCE
have a nice trading day

Amol Sharma said...

Good Morning All


When yesterday market was falling VIX index also falling. now at 17.78 close. what it indicates ?

Jagan said...

Namaste Ilango Sir And All.

parminder said...

Master ilango and friends,
Good morning to all.

venkatapathy l said...

Namaste Ilango Sir and fellow bloggers


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

Camarilla Key Levels
Nifty Futures
H4 5232[BUY]
H3 5215[SELL]
L3 5182[BUY]
L4 5166[SELL]

Prabakar said...

Namaste Ilango Sir and JN Family


good morning sir and all friends.

shiva said...

good morning,seniors..

Traveller said...

Today when Asian markets are weak ...nifty will outperform ...this is how nifty behaves...and I have been observing for last many months.

CDG said...

Dear Ilango,

Good Morning. When is the confirmation that the falling wedge has finished and next move started. Is it above the DLEMA 5212 or above the 5DEMA 5226

chetas said...

The lowest resistance level as per TT table today is 5200, hr ema and 5204 day pivot, resisted there itself at the opening

BALA said...

falling wedge up to which level it will raise and how to calculate without charting software from the TT above

Hari_Hyderabad said...

Good morning Master & JN family

Have a nice day !

Dinesh Rishi said...

Good Morning Master and copy to all

Ilango said...

@ CDG,

Falling wedge's resistance line is @ 5209 & falling every hour by few points.

Falling wedge's support line is @ 5170 and falling by few points every hour.

Break of these lines in a decisive manner would lead to impulsive moves either Up or Down.

satheesh said...

Namaste Ilango sir and all,'

Important support levels:
Nifty 100 DMA - 5172
200 Hr MA - 5183

satheesh said...


Falling wedge support line and 100 DMA are same at 5170 levels!!

Kranti said...

Can someone please help me with TA of Godrej Ind.. just when it broke earlier high around 256 and was trading at 260 levels but fell big time.. Please help whether its ok to hold some medium term investment in this stock. Thanks


Good Morning Master & Blog-Mates,

Supports & Resistances for today:-

5164-5134 – Support Area

5190-5233 – Resistance area.


Sell on rise ( 5233-5212) - [ If firmly Crossing 5333-5248 then avoid shorts]

Current Trend: - DOWN.

Possible Movements:-

1. 5190< = >5233-5248< = > 5210< = > 5164< = > 5104

2. 5190< = >5212< = > 5164< = > 5104

3. 5190< = >5233< = >5263< = > 5283< = > 5303< = > 5333

Happy disciplined trading to all.

Have a nice day!


tata steel is showing strenth.

chetas said...

@ Krantu!

Sanjai has discussed the godrej stock on sunday, have a look at it

shabsaif said...

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

sushil said...

Good morning master and blogmates

Prithvi said...

Good Morning Family

sandeep said...

gm to master, dr, julius sir n all

J.R.Julius said...

For Yesterday High - Low Swing
healthy retracements
Breaking Day Low 5281

Yogesh Zanjad said...

GOOD MORNING !!!!!!!!!!!

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