Wednesday, August 1, 2012

Nifty Pre-Market View.

Nifty has dealt the month T/F appropriately as in uptrend.
It, now, needs to deal with week T/F which is in downtrend(though intra week prices are above key averages).
Whereas Day & Hour are in uptrend ("overbought Hour").
Nifty reached the Wk R2 @ 5231 yesterday.(5228 being 61.8% of 5349-5033)
Deal with the last rise from 5154 to 5235, if no new highs are made in the opening session.
Accordingly, a correction upto 5194-5185 is acceptable.(5191, being MEma)
Below 5175, it would be considered weak.(5172, being WEma)
5235-5280 is a strong resistance zone.
5145-5190 is a strong support zone.
Nifty closed above 20sma(5216) yesterday and this would be the key number for the day around which the price action would unfold....

34 comments:

Bala said...

Good Morning, Ilango Ji

vksoni said...

good morning ilango sir and blogmates

sandeep said...

gm master ,dr sir ,julius sir n all

ajja said...

good morning master

Nilesh Patil said...

Good Morning Master & Friends

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

Camarilla Key Levels
Nifty Futures
H4 5284[BUY]
H3 5262[SELL]
L3 5219[BUY]
L4 5197[SELL]

J.R.Julius said...

Good Morning Mr.Sandeep - Have a Nice Day.

SANPOT said...

Good Morning Ilango sir and blog mates.

saravanan k said...

Good morning Ilango sir & all blogmates

Rgds
Saravanan

ALBELA HOUSE said...

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

Yash and Dhan said...

Good Morning Sir and dear Blog-mates.
Have a nice trading day.

sushil said...

good morning master and blogmates

Jagan said...

Namaste Ilango Sir And All.

Manish said...

Goodmorning master and all JN friends

wish you a fruitful learning and earning session.

Good Luck !!!

amber said...

SIR ILANGO JI GOOD MORNING

San said...

Good Morning Ilango Sir and Friends

TATA MOTORS Chart analysis : CLICK HERE

amber said...

SIR ILANGO JI GOOD MORNING

Amol Sharma said...

good morning sir and all

venkatapathy l said...

Namaste Ilango Sir and fellow bloggers

LV

meignanavel said...

Good morning to all

shriram said...

morning everyone!

For a change i m on time today :-D

Have a gr8 day ahead ..

rgds

San said...

Nifty Chart Analysis : CLICK HERE

Dinesh Rishi said...

Good Morning Master and copy to All

teejay said...

Good Morning Ilango Sir and blogmates...

need feedback on following Nifty Chart I tried to analyse..

https://twitter.com/teejay_tweets/status/230506131896795138/photo/1/large

Thanks

Hari_Hyderabad said...

Good morning master & JN family

Have a nice day !

J.R.Julius said...

1st Candle Prediction:
First 5 Mins Candle Shows Possible Strong
Bull movement if not Breaking 5213 in SPOT!

J.R.Julius said...

Camarilla - Scenario 1
Nifty Futures
H3 5262[SELL]
L3 5219[BUY]

cooldent said...

DR sir

brk 450 pls

Dinesh Rishi said...

Cooldent

request Kumar Sir,

Prithvi said...

Good Morning Family

Ilango said...

Resisted @ 5240.

Closing below 5225 @ 10.00AM is weak for intraday.

Held 5216(20sma) at open.

NITIN KADAM said...

Support & Resistances for the day :-

Support :- 5190-5214

Resistance :- 5274-5347

Current Trend :- UP

Strategy:-

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

1. 5215< = >5244< = >5190< = > 5274< = > 5347

2. 5215< = >5244< = >5190< = > 5168 < = > 5148< = > 5118

Happy disciplined trading to all.

Have a nice day!

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