Monday, July 23, 2012

Nifty Pre-Market View.

Nifty, in its short term reversal, could go only up to the 1st resistance of the 5258-66-73 and the gap @ 5267-5300 remains unfilled.
During this period, Nifty continued to close below JNSAR.
OI data, provided during market hours by Sanjay Jaiswal, presented an unusual bearish picture on Friday with across the board unwinding of PEs and aggressive writing of CEs.
Our own settlement theory of Nifty closing towards the "maximum pain area" suggested that Nifty is likely to close near the lows since it was closer to the lower range of 5169 to 5349.
A likely gap down @ MEma(5173) or below would take it to/ below WLEma(5130) and in extreme bearish conditions would attempt the "starting point of last upmove of 5125/5096".
38% retrace of 4770 to 5349 is @ 5129.
50% retrace of 4770 to 5349 is @ 5060 & 61.8% @ 4991.

41 comments:

merc9000 said...

Ilangoji,
Are we to assume uptrend over when we break 5129?
Thanks.
merc9000

Bala said...

Good Morning, Ilango Ji

Rocks said...

Good morning sir and blogmates..!!

Cheers for Monday~~

ALBELA HOUSE said...

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

raman said...

Good Morning and Good Luck to all blogmates..

San said...

Good Morning Ilango Sir and Friends

NIFTY and Bank Nifty updates: CLICK HERE

sreyO... said...

Good Morning Sir and blogmates.

saravanan k said...

Good morning Ilango Sir & all blogmates.

Rgds
Saravanan

SJkolkata said...

GM Master and everyone,
Can anyone give new address of understandingnifty.blogspot
Regards and thanks

SANPOT said...

Good Morning Ilango Sir and blog mates.

Parimal said...

Namaste Dear Master and all friends
May the Lord grant us right knowledge and PATIENCE
have a nice day
i am trapped in long positional

kat said...

Goodmorning Ilango Sir and all the Blogmates!

meignanavel said...

good morning to all

parminder said...

Master ilango and friends,
Good morning to all

Jagan said...

Namaste Ilango Sir And All.

Yash and Dhan said...

Good morning !!!!
A loud GM today because I am on the right side of JNSAR!!

Nilesh Patil said...

Good Morning Master & Friends

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 5240[BUY]
H3 5228[SELL]
L3 5205[BUY]
L4 5193[SELL]

sandeep said...

gm to master, dr sir, julius sir n all

J.R.Julius said...

Camarilla Key Levels
Nifty Futures///REAL VALUES
H4 5240[BUY]
H3 5228[SELL]
L3 5205[BUY]
L4 5193[SELL]

As GAP DOWN - Experimental Approach
Replacing Previous Day Closing with
Today Open - Paper Trade/Observation.
Nifty Futures
H4 5197[BUY]
H3 5185[SELL]
L3 5161[BUY]
L4 5150[SELL]

Hari_Hyderabad said...

Good morning Master & JN Family

Have a nice day !

NEVER GIVE UP said...

good morning sir and all friends.

Prithvi said...

Good Morning Family

Prabakar said...

Namaste Ilango Sir and JN Family

NITIN KADAM said...

Supports & Resistances for today:-

5123-5097 – Support Area

5165-5196 – Resistance area.

Current -Trend: - Down.

Strategy:-

Sell On rise ( 5214-5195 ).

Possible Movements:-

1. 5212< = > 5144< = > 5165< = >5123< = > 5097< = > 5038.

2. 5212< = > 5144< = > 5165< = >5196< = > 5123< = > 5097< = > 5038.

3. 5212< = > 5144< = > 5165< = >5196< = > 5232< = > 5261.


Happy disciplined trading to all.

Have a nice day!

J.R.Julius said...

Seems taking support/trying reversal at our experimental L3!

Just Huge Consistent Profits said...

Good Morning Ilango sir and friends.

Happy Trading Monday to all.

Good Luck.

Just Huge Consistent Profits said...

Good Morning Ilango sir and friends.

Happy Trading Monday to all.

Good Luck.

Atharva said...

Hi! GM to all...

shiva said...

good morning,seniors..

Atharva said...

I am from Mumbai silently observing block for last one year... And glad to be a part of JNSAR family..

Prabakar said...

As of now, 5100 & 5200 Call been written, OI increase by 7.6(58.75%) & 11.94(25.12%) lacs respectively.

Atharva said...

Thankful to Master and all blog mates

Atharva said...

Since hawala in fut is broken will it be prudent to buy OTM PE 5100/5000 , since it has been observed that mkt once breaks this gives a run of 170-200 pts...

Manish said...

Goodmorning to master and all JN friends !

Have a Great Learning and Earning session today.

Good Luck !!1

jayant singh said...

Gm All

Atharva fut hawala is 5151 and spot is 5149 and both have not been breached yet.

Amol Sharma said...

expecting fall upto 5096

sometimesbullsometimesbear said...

Hawala price is Hawala price. No spot or future in Hawala. It is 5149.15

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