Wednesday, July 25, 2012

Nifty Pre-Market View.

23rd July 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.
24th July 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.
25th July Pre-Market View: 
Nifty faced resistance @ 5144. 
There are multiple Month/ week averages @ 5091-5124 as the crucial supports. Closing below these at week's close/ month's Close would be bearish.
Intra drop upto 5091-97 or 5040-60 while taking more time is acceptable as a corrective.

30 comments:

San said...

Good Morning Ilango Sir and Friends

NIFTY Chart update: CLICK HERE

Bala said...

Good Morning Ilango Ji

ajja said...

good morning master & friends

SANPOT said...

Good Morning Ilango Sir and blog mates.
Sir,thanks for a very elaborate and comprehensive Pre Market analysis.
Good Day.

saravanan k said...

Good Morning Ilango Sir & all Blogmates.

Rgds
Saravanan

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 5160[BUY]
H3 5148[SELL]
L3 5123[BUY]
L4 5110[SELL]

J.R.Julius said...

NS TF/30min Swing 5219 to 5108.
Retracements : 5150-5164-5177-(5193)
breaking the swing range may lead
Down : 5078-5035 / Up : 5219-5249.

Parimal said...

Namaste Master and all friends
May the Lord give us right knowledge and Patience
have a good day

ALBELA HOUSE said...

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

Nilesh Patil said...

Good Morning Master & Friends

Prabakar said...

Namaste Ilango Sir and JN Family

Jagan said...

Namaste Ilango Sir and All.

sandeep said...

gm master, julius sir , dr sir n all

Ilango said...

There are multiple Month/ week averages @ 5091-5124 as the crucial supports.

Hari_Hyderabad said...

Good morning Master & JN family

Have a nice day !

sushil said...

good morning master and blogmates

Yash and Dhan said...

Good morning Sir and all dear blog-mates.

sandeep said...

master sir i do not have any software ijust follow tech table/ pivot table which u give hrly where do find dleme,wlema,mema , i know i am embrassing everybody but pl guide where in table it can be seen

sudharsan said...

Good Morning Master and Friends

parminder said...

Master ilango and friends,
Good morning to all

J.R.Julius said...

Camarilla - Scenario 3
Nifty Futures
5123[BUY]
5110[SELL]

parminder said...

Hi Sandeep,
In the tech table
Dlema is 5150 under the daily table heading low ema
Wlema is 5143 under the weekly table heading low ema
Mema is 5173 in the table heading 5ema

Manish said...

Goodmorning master and all JN friends

Master says BN target to be below 10000.

If that is to be achieved Nifty sure to be under pressure for the day or two trading below JNSAR.

Have a Great Learning and Earning session !!!

Good Luck !!!

Prithvi said...

Good Morning Family

Ilango said...

200sma:5097
50sma.:5098.

A 5-waves from yesterday's 5144 is likely to terminate around these averages.

A pause is likely.

venkatapathy l said...

Namaste Ilango Sir and fellow bloggers

LV

NITIN KADAM said...

Supports & Resistances for today:-

5097-5038 – Support Area
5123-5166 – Resistance area.

Current -Trend: - Down.

Strategy:-

Sell On rise (5123-5166 ).

Happy disciplined trading to all.

Have a nice day!

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