Tuesday, July 24, 2012

Nifty Pre-Market View.

"5093-96"-50 & 200 Sma is the crucial support.
"5155-75"-DLEma/MEma/50% & 61.8% retrace is the resistance.
Nifty found support @ 5093-96 for some days before it moved higher to 5349 and
the same is likely to offer support failing which, the next support is likely to be 5040-65 zone.
Similarly, Nifty faced resistances @ 5144-60-95 zone during the earlier consolidation.
Larger weakness may be considered only on a firm break down of 5040.

38 comments:

Bala said...

Good Morning, Ilango Ji

sandeep said...

gm master, dr sir, julius sir n all

SANPOT said...

Good Morning Ilango sir and blog mates.

amber said...

ILANGO SIR good morning

San said...
This comment has been removed by the author.
Yogesh Zanjad said...

Good Morning Ilango sir and blog mates

San said...

Good Morning Ilango Sir and Friends

NIFTY Diamond and Rising wedge update: CLICK HERE

Parimal said...

Namaste Sir and all friends
May i have PATIENCE
have a nice day

ALBELA HOUSE said...

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

sudharsan said...

Good Morning Master And Friends

meignanavel said...

good morning to all

Yash and Dhan said...

Good Morning Sir and dear blog-mates.

Nilesh Patil said...

Good Morning Master & Friends

shabsaif said...

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

anmpatel said...

@master
good morning. can we count like below in daily chart. is it valid 1,2,3,4,5?
4770-5128 =356
5128-5048 =80
5048-5288 =240
5288-5257 =31
5257-5349 =92

big 1 over 2 started from 5349.
if yes then what will be invalidating points? thanks

parminder said...

Master ilango and friends,
good morning to all

Jagan said...

Namaste Ilango Sir And All.

venkatapathy l said...

Namaste Ilango Sir and fellow bloggers

LV

Hari_Hyderabad said...

Good morning master & JN family

Have a nice day !

Prabakar said...

Namaste Ilango Sir and JN Family

Prabakar said...

NS Open & Low almost same @ 5128.80 - 5128.65
NF Open & Low are same @ 5112

Dinesh Rishi said...

Good Morning Master and copy to All

Lets start day with "Hanuman Chalisa"

http://www.youtube.com/watch?v=q7khpJuxpF8

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

Camarilla Key Levels
Nifty Futures
H4 5155[BUY]
H3 5138[SELL]
L3 5103[BUY]
L4 5086[SELL]

raman said...

Good Morning and Happy Trading..

Prabakar said...

As of now, 1.59(4.65%), 1.18(1.66%), 2.16(2.16%) lacs of OI addition in 5100, 5200, 5300 Calls respectively.
4.85(7.72%), 1.39(4.19%) lacs of OI addition in 5100 & 5200 Puts respectively.
9 lacs addition of NF OI with price increase.
NS HVN @ 5134.55 with a high of 5139.4

Just Huge Consistent Profits said...

Good Morning Ilango sir and Friends.

Happy Trading Tuesday to everybody.

Good Luck.

From The Secret Daily Teachings

Each of us is attracting in every moment of our lives. So when you feel that the law isn't working for you because you don't have what you want, realize that the law is responding to you. You are either attracting what you want or you are attracting the absence of what you want.
The law is still working.

May the joy be with you,

puravi said...

Good Morning Ilango Sir & Friends!!!
Warm greetings!!!

Sir,
Holding 5090-95..this could be the 4th up. if so then rules says 4th does not enter the territory of 1, hence retracement could be upto 5168.
I think I am missing a point here..please correct my understanding Sir.

Or if C is over we need to go over 5205 for C of C to be confirmed??? Please guide
Thank you

agk said...

@Prabakar,
Please give us the conclusion too whether it is bullish or bearish.
HVN means high volume node... so it is bullish above that.
Thank you in advance.

J.R.Julius said...

Good Morning Mr.Sandeep. Have a Nice Day.

Ilango said...

@ anmpatel,

I am not viewing the 4770-5349 move as a 5-wave structure. Contracting price moves would be challenging to follow with EW labels. One needs to wait to get more clarity. In the meanwhile, use other studies to plan & execute trades.

@ puravi,

I haven't gone into sub-details presently as it would distract me from the main trend.

If a +ve div develops in Hour TA while Day TA reaches oversold region in a day or two(also how prices react @ 5090 zone), we'll review it for possible counter trend trade.

saravanan k said...

Good Morning Ilango Sir & all Blogmates

Rgds
Saravanan

Prabakar said...

@agk,

It will be too early to decide whether it is bullish or bearish as OI is lagging data.

Since both Call & Put OI addition is seen, as of now, it is cat on wall or more grinding at this stage. Main trend as down for this series based on EOD OI.

shiva said...

good morning,seniors..

agk said...

Thank you Prabakar.

J.R.Julius said...

5 Mins chart Last Candle Shows Possible
retracements....

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