Monday, July 30, 2012

Nifty Pre-Market View.

Dear Gauresh...Our prayers and best wishes for your early recovery.
...........................................................................................................
Nifty continues to be trading in the downtrending/ consolidating channel.
Nifty stopped @ 61.8% of the last rise from 5033 to 5150 @ 5078.
Nifty needs to trade & close above 61.8% of the last minor fall from 5150 to 5078@5123 for minor strength.
Nifty needs to trade & close above 61.8% of the last major fall from 5258 to 5033@5172 for minor strength.(5173, also the MEma & now the WEma too.)
"4991" is the 61.8% of the last major rise from 4770-5349.....Bearish below this & the Major channel support.
The struggle will be for the Month trend in the coming two days....for "5173".

38 comments:

San said...

Good Morning Ilango Sir and Friends

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merc9000 said...

All,
Tomorrow month end. As of now,month trend has turned down.
Thanks,
merc9000

Vivek said...

Good Morning, everybody.

saravanan k said...

Good Morning Ilango Sir & all Blogmates,

Dear Gauresh, Wish you a speedy recovery & good health.
Rgds
Saravanan

Rocks said...

Good morning sir and blogmates..

Wonderful Monday ahead!!

agk said...

Good Morning and thank you Master and Seniors. Wish you a speedy recovery Gauresh.

Rocks said...

Dear Gaureshbhai..

Wish you speedy recovery to you..

suresh said...

gauresh ji,
i pray for your speedy recovery

shabsaif said...

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

ALBELA HOUSE said...

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

Nilesh Patil said...

Good Morning Master & Friends

Parimal said...

Namaste Master and all friends
May the Lord give us PATIENCE
have a nice day

Jagan said...

Namaste Ilango Sir And All.

Dear Gauresh Sir.
Wish you a speedy recovery.

NEVER GIVE UP said...

good morning sir and all friends.

sushil said...

good morning master and blogmates

meignanavel said...

Good morning to all

Atharva said...

conservative traders can book 1 lot bought as per PSC trade @ 5093

AK said...

spot went above 5150 ,,, suggest long position here?

Hari_Hyderabad said...

Good morning master & JN family

Have a nice day !

venkatapathy l said...

Namaste Ilango Sir and fellow bloggers

LV

sandeep said...

gm master, dr sir,julius sir n all

NITIN KADAM said...
This comment has been removed by the author.
sandeep said...

yes as per master JNSAR 5150 NOW BUY

Dinesh Rishi said...

Good Morning Master and copy to All

Piyush Sharda said...

gaurash ji,

my best wishes for ur good health

AK said...

thanks sandeep

Atharva said...

TSL for balance qty shifted to 5130 , 20 pts less than today's JNSAR..As it is given long...

sandeep said...

ak sir sl 5130 ns

Prithvi said...

GOOD MORNING FAMILY

NITIN KADAM said...

Staying above 5118-5150 is important for bulls to continue upside rally.Firmly crossing 5148 will brings strength.After which 5190-5217 are next major resistances. Failing stay above 5148 & breaking down towards 5118-5098 repeats Fridays scenario where break of 5078 is critical & will bring bears back.

Support & Resistances for the day :-

Support :- 5118-5098

Resistance :- 5148-5190

Current Trend :- RangeBound ( Turning Up )

Strategy:-

Initiate long near support area with small SL.
Possible Movements:-

1.5097< = >5118< = > 5150< = > 5170< = > 5190< = >5217

2. 5097< = > 5150< = > 5170< = > 5190< = >5217

3. 5097< = >5077< = > 5048 = > 5006

Happy disciplined trading to all.

Have a nice day!

Unknown said...

Dear Illango. Gm.Is there some sort av A HNS pattern immerging at 5149 zone??? Kindly throw some light

Unknown said...

on a 60 mts chart, at 12, n at 1 pm, on 27/7, the shoulders seemed to have formed.

puravi said...

Good Morning Sir & Friends!!!

Sir there is a +ve divergence in the daily charts..
also is there any reason we have not marked the end of B at 5033?

Please guide
Thank you

Yash and Dhan said...

Hourly close above JNSAR at 10:00

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