Tuesday, July 31, 2012

Nifty Pre-Market View.

Uptrend's longevity depends on today's close above either 5173 or 5189, MEma/MSma.
A move past "5213-18" would set it for larger retracement (5349 to 5033) and
a move past 5286 for a much larger retracement...(5630 to 4770).
If the day ends positively, it is most likely the week too could end favourably to bulls.
Two immediate resistances are: 5258 & 5280-86.
Two immediate supports are:5190 & 5160.
Bulls enter this eventful day with "Hour/Day/Month uptrend" on their side while Bears have "Week's downtrend " on their side.
Today's day belongs to "Month"...not the week.
It is either asserting its uptrend or set the stage for a reversal.

43 comments:

AimNifty said...

GM to All.

Master you have not mentioned any EW labels for last two days move. Either a-b-c of C.a done or 3rd of C getting completed this morning. Your thoughts Please.

shabsaif said...

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

satheesh said...
This comment has been removed by the author.
satheesh said...
This comment has been removed by the author.
satheesh said...

Namaste Ilango sir and all,

NIFTY DAY HARMONIC CHART:
Click Here

SANPOT said...

Good Morning Ilango sir and blog mates.

San said...

Good Morning Ilango Sir and Friends

NIFTY Chart analysis: CLICK HERE

Prabha Gopalkrishna said...

Good Morning and thank you Master and Seniors for all the inputs and guidance.

saravanan k said...

Good Morning Ilango Sir & all Blogmates.

Rgds
Saravanan

NEVER GIVE UP said...

good morning sir and all friends.

puravi said...

Good Morning Sir & Friends,
Warm Greetings!

Sir,
1)If this is the next leg of "C" then 5228 is crucial.
2)If we take the down move from 5349 as 5 wave then this is 4th up..and it cannot enter the territory of W1 ie:5218.
3)20DMA is 5219
4) The rise is backed by +ve divergences & reasonably good volumes.

Hence this zone 5218-5230 is very crucial for this upmove.And on the downside closing above 5MEMA is crucial..5270-5290

These are my observations but to put them into a trading plan is something I am struggling with.

Hope you could guide me as always
Kind regards & thank you

amber said...

SIR ILANGO JI GOOD MORNING

Parimal said...

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

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 5237[SELL]
L3 5196[BUY]
L4 5176[SELL]

San said...

SBI Chart analysis: CLICK HERE

Nilesh Patil said...

Good Morning Master & Friends

parminder said...

Master ilango and friends,
Good morning to all

Jagan said...

Namaste Ilango Sir And All.

Yash and Dhan said...

Good morning Sir and dear blog-mates.

Hari_Hyderabad said...

Good morning master & JN family

Have a nice day !

meignanavel said...

Good morning to all

ALBELA HOUSE said...

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

venkatapathy l said...

Namaste Ilango Sir and fellow bloggers

LV

J.R.Julius said...

Camarilla - Scenario 1
Nifty Futures
H3 5237[SELL]
L3 5196[BUY]

Prabakar said...

Namaste Ilango Sir and JN Family

Sujatha said...

One million copies of a new book sold In just 2 days due to typing error of 1 alphabet in title.

"An idea,that can change your WIFE''
While real word was(LIFE).

Goodmorning sir and all :)

Hi Praba - special GM :) when is Mr. subbu open his "colgate mouth"??? "Neelanja samapasam raviputhram yamakrajam"

STOCK4SURE said...

Rumour:
PC tipped to be new FM

Dinesh Rishi said...

Good Morning Master and copy to All

sushil said...

good morning master and blogmates

Sujatha said...

stock4 - ??? so wat is the connection to market?? but no one can find out the answer from our PM's " monalisa's smile" after all still research is "going on"

J.R.Julius said...

@Sujatha,
கொக்கொக்க கூம்பும் பருவத்து மற்றதன்
குத்தொக்க சீர்த்த இடத்து.

NITIN KADAM said...

To Continue upward rally Nifty needs to limit the correction to 5168 or max 5148, below which bears will come with force. If protected 5148-5190 , a rally towards resistances 5274-5347 is expected.

Support & Resistances for the day :-

Support :- 5148-5190

Resistance :- 5215-5274

Current Trend :- UP

Strategy:-

Initiate long near support area with small SL.

Possible Movements:-

1.5215< = >5190-5148< = > 5274

2. 5215< = > 5190< = > 5148< = > 5118< = >5077

Happy disciplined trading to all.

Have a nice day!

Atharva said...

Gm to master & all

Prabakar said...

Hi Sujatha,

Namaskaram. :)

சங்கடங்கள் தீர்ப்பாய் சனி பகவனே மங்களம் பொங்க மனம் வைத்தருள்வாய் சச்சரவின்றி சாக நெறியில் இச்சகம் வாழ இன்னருள் தா தா

Atharva said...

Update on PSC trades..SBIN short will be below 2018 bar closing below this price..
NS @ 5093 same will open short based on CC basis

sushil said...

To DRsir,
will you please tell as significant number index(SNI) for bank nifty for today.

Atharva said...

bar closing in 15 tf

Prakash-Pol said...

Good morning Master
Good morning ALL
Sujatha madam
Daily a Quote today with a Joke Nice
நேற்று கலக்கியது எருது இன்று?>?

Prithvi said...

GOOD MORNING FAMILY

anmpatel said...

@san
nice charts. thanks for writing the VALUES besides the averages. thanks.

Dinesh Rishi said...

sushil


for BN trading
one has to wait for dust to settle
after the policy is announced

cos it makes tubelights

and if the tubelight is against trend (JNSAR)
its treated as Gap and normally it get filled.

SNI is the trading price of BN
when policy is announced

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