Thursday, July 19, 2012

Nifty Pre-Market View.

Nifty's correction seems to have ended at MEma with
a move above 21 Hr sma; DLEma & 5 DSma after
positive divergences in the hour charts as well as the break-out of Falling wedge.
More confirmation needed in its follow up action today to scale and hold
5DEma;  J10SAR; JNSAR & DHEma.
There will be corrective pull backs for the segments of the upmove as well as for the entire upmove. Watching the market correcting within the normal retracement levels gives you confidence that the market is treading the normal path, not deviating from the reversal.
First resistances would be at previous lows @ 5258-66-73.(Coincides with DHEma-WHEma)
5267-5300 is the Gap zone clearing which more upsides while failure would cause doubts and breaking 61.8% of the upmove at any point should caution the bulls & embolden the bears.

60 comments:

Nilesh Patil said...

Good Morning Master & Friends

merc9000 said...

Ilango ji,
I am a positional trader. Is it good to rollover long positions week prior to expiry? Does rollover timing have an impact on rollover cost?
Thanks,
Merc9000

San said...

Good Morning Ilango Sir and Friends

Nifty Chart Analysis: CLICK HERE

anmpatel said...

good morning to all


@shriram
sir, can you help me to understand red and green labels in master~s chart above? thanks.

anmpatel said...

good morning to all


@shriram
sir, can you help me to understand red and green labels in master~s chart above? thanks.

SANPOT said...

Good Morning Ilango Sir and blog mates.

Traveller said...

Good Morning Master & All

Yesterday nifty outperformed compared to asian peers..as it has been doing most of the time..what it will do today :O

Rocks said...

Good morning sir and blogmates..

Cheers for lovely Thursday!!

Amol Sharma said...

Good Morning Sir AND ALL

saravanan k said...

Good Morning Ilango Sir & all Blogmates.

Rgds
Saravanan

deemis said...

@Master Ilango
Yesterday in Premarket View the SL for your conservative trade was at 5265 NS. but today it is shown that you bought at 5205 with SL at 5185.
may I request you to kindly update whenever you take any position (Buy/Sell)as per JNSAR/Conservative with reason so that I can understand the market better.

thanx and regards

Parimal said...

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

J.R.Julius said...

Good Morning Master Mr.Illango, Master Mr.Dinesh Rishi,
Seniors & Blog-mates. Have a Prosperous Day.

J.R.Julius said...

Camarilla Key Levels
Nifty Futures
H4 5257[BUY]
H3 5240[SELL]
L3 5207[BUY]
L4 5191[SELL]

J.R.Julius said...

From the Secret Scrolls
==================

There is one power within you that is stronger than any other power. This power is the Supreme Power! When you use this power it will dissolve all chaos, it will wipe out all negativity, and it will cut through every single situation, unfailingly. Any situation of negativity in your life is simply the absence of this one almighty power. You can rely on it to obliterate every negative thing, because nothing can stand up against it. You can use it on yourself or anyone else, and the more you use it, the more powerful it becomes. You have an unlimited source of this power, which is the most magnetic substance in the entire Universe...

This Supreme Power within you is Love. Send it outwards, send it inwards, and then stand back and watch what happens to your life...

parminder said...

Master ilango and friends,
Good morning to all.
☺☺

Hari_Hyderabad said...

Good morning Master & JN family

Have a nice day !

ALBELA HOUSE said...

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

Natti said...

Good morning

Ilango sir and all blogmates

sandeep said...

Gm to master dr Julius sir n all Julius sir very inspiring note

sudharsan said...

Good morning Master And Friends

anmpatel said...

will nifty hit 5251 (JNSAR) in opening gap up....wah..wah....

meignanavel said...

good morning sir and all blogmates

Amol Sharma said...

VIX index hit 16.48 low

Amol Sharma said...

VIX index at yearly low

Prabakar said...

Namaste Ilango Sir and JN Family

shabsaif said...

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

Prakash-Pol said...

Good morning Master
Good morning All.
JNSAR Hit.

J.R.Julius said...

First 5 Mins candle Reversal Pin Bar.
I will consider Bullish only above ORB.

Dinesh Rishi said...

Good Morning Master and Copy to All

bulls had a hammer yesterday :D

http://www.freebsd.org/gifs/daemon_hammer.jpg

J.R.Julius said...

Camarilla - Scenario 2
Nifty Futures
H4 5257[BUY]
H3 5240[SELL]

shivanGupta said...
This comment has been removed by the author.
Sujatha said...

GM sir and all :)

this hammer may "deceptive one" to trap??? so as a caution little applied reverse gear for intra. nifty need some cool off i believe??? but mkt listen??

J.R.Julius said...

@DR Sir,
Yes Sir - I placed Reversal Pin alert for
Intraday Scalpers. May be 20-30pts down
Possible after Pin Bar of 5 mins as per my
past observation. The Real Bear only below
Yesterday Low. Thanks for the Candle Readings.

Have a Nice Day...

NITIN KADAM said...

Supports & Resistances for today:-

5232-5190 – Support Area

5262-5303 – Resistance area.

Above 5303 Bulls will come back with full force.

Strategy:-

Short with a small SL,if resisting clearly at 5250-5262 zone.

Buy with a small SL , If Crossing 5262-5283 firmly.

Current Trend: - Turning UP.

Possible Movements:-

1. 5248< = >5233< = > 5262< = > 5283< = > 5303< = > 5333.

2. 5248< = >5233< = > 5262< = > 5210< = > 5190< = > 5164.

Happy disciplined trading to all.

Have a nice day!

Yash and Dhan said...

Good morning Sir and all blog-mates.
Welcome to a new JNSAR long.
Hope this sticks.

shivanGupta said...

reposting
sir today's move upto 5258 is iii of 3rd from 5169 or 5th wave from 5169 finished @5258

Sujatha said...

to go back to previous "menu" 217 is good where 34 ema also there it seems

Dinesh Rishi said...

मुश्किल है

parminder said...

Julis Sir, thanks for the observation

Nilesh Patil said...

@Sujatha Sis,
This is for you.

http://www.patnainfo.in/images/Dosa.jpg

Sujatha said...

DR - ji - y???? this mkt s for "chotta traders" like me not for "big bulls" like sir u and kumar sir shriramji etc.trading market sirji.. BNF weak below 694 am watching nifty future which is weak below 240/30 if the candle close @ 10 am is my assumption. ofcourse mkt may slap me :D me ready with my "cheeks"

Rajan said...

@Ilango SAR & seniors
Since macd and rsi are sell on day tf. would it be better to sell on the jnsar.

anmpatel said...

nifty unable to stay above JNSAR, DHEMA....

Traveller said...

@Suja ...let first 5280 come, I need to book my longs..waiting patiently for it so long.

Sujatha said...

nilishji - wowww super.. had it morning now ordered a small mini idlis for intra. let me see

J.R.Julius said...

अपने स्वयं के रास्ते में नदी बहती है!

saptharshi said...

Yesterday in Premarket View the SL for your conservative trade was at 5265 NS. but today it is shown that you bought at 5205 with SL at 5185.
may I request you to kindly update whenever you take any position (Buy/Sell)as per JNSAR/Conservative with reason so that I can understand the market better.

thanx and regards

PK said...

GM master,

In JNSAR Trades table jnsar value is 5235 and in TT table it is 5251. Can't figure out the logic pl explain

Rgds

Sujatha said...

Nilish ji - booked out my puts as NF showing good close... it may touch 280/90 even 300 also i believe

J.R.Julius said...

Above 5263 in Futures Minor TL Break
Supportive for Intraday BULLS

Prakash-Pol said...

@PK The No in chart is J10 SAR
JN SAR is 5251.

saptharshi said...

@Master Ilango sir
May i request you to kindly update whenever you take any position (Buy0/Sell) with reason so that i can understand the market better. please reply sir

Nilesh Patil said...

@Master,
In TA file your red count in month shows ii and green count shows C. What is the invalidation of red ii ?

Sujatha said...
This comment has been removed by the author.
Prakash-Pol said...

@ Saptharshi
Yesterday in pre-market view Master denoted the Consevative tr. at 5265 NS. Later He changed to 5196 and 5226. Hence He traded at 5196 Ns-5205 NF. with a SL of 20 points.

agk said...

@Saptharishi... reposting Master's words of yesterday for conservatives to go long..
Ilango said...
@ shriram,

ED is still valid as the supporting line for the current hour is @ 5168.

It's also possible for a false break down and a reversal. These are aggressive views.

The conservative one is to attempt longs above either 5196 or 5226.
July 18, 2012 11:15 AM

saptharshi said...

Thanks Prakash-Pol .agk

Post a Comment