Tuesday, August 14, 2012

Nifty Pre-Market View.

Trendlines: Read here 
Trendlines have held after a brief false break in "Hour channel" but not in "Day Channel".
Trend Following: Read Here
Nifty has kept its Higher High & Higher Low (HH&HL)and trending up above trend indicating Short Term (ST) averages.


San said...

Good Morning Ilango Sir and Friends


sanz said...

Goodmorning Family.... :)

"numbers stay on in my mind longer and number is what I see on the trading screen." - Ilango

shankar said...

Ilango Sir, Two days before you mentioned about
TATA STEEL in range and support 392 but it breaks it yesterday, now it is short?

Nilesh Patil said...

Good Morning Master & Friends,
In Trade Table conservative trade sl is 5275. Do we go short now in conservative trade?
And in Jnsar Last row indicating just 25points. but that trade actually gives 52 points.

saravanan k said...

Good Morning Ilango Sir & all Blogmates.


SANPOT said...

Good Morning Ilango Sir and Blog mates.

cooldent said...

@nilesh patil

5275 is stop and reverse for conservative trade

saravanan k said...

Dear Ilango Sir,

Last close 5348 coincides with the Golden ratio(5346) for retracement of last fall from 5378 to 5294. TT is completely green, how to react to such situation, your experience & valuable inputs will be of helpful to me.


Nilesh Patil said...

@Cooldent sir,
But we are below 5275. Then how can we plase the sl for 5275.

Jagan said...

Namaste Ilango Sir And All.

cooldent said...



Nifty spot closed at 5348 yesterday!!

sushil said...

good morning master and blogmates

gauresh59 said...

@ Nilesh Patil,

We are not below 5275...........It closed at 5347...you have been mistaken.....dear

gauresh59 said...

Namasthe ilango sir and Friends,

Many Many thanks to ilango sir and all others for your wishes.......
On My Birthday.

Today's Quote received :

Best way to predict future is to create it…!!!
~Dr. Forrest C.Shaklee

amber said...


Nilesh Patil said...

Sorry Cooldent sir, And Gauresh Sir, i mistaken it.
Sorry for that Master.

Parimal said...

Namaste Dear Sir and all friends
Have a nice day of trading

venkatapathy l said...

Namaste Ilango Sir and fellow bloggers


Ilango said...

@ Nilesh Patil,

Trade table gains not updated.

Conservative trade: Only SL is given.

@ Saravanan,

61.8% is a good sell point with 80%(5361) as SL.

Remember there are always two trades at work...one with higher risk/ reward.

Hari_Hyderabad said...

Good morning master & JN family

Have a nice day !


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

Yash and Dhan said...

Good morning Sir and Blog-mates

Smita said...

Goodmorning sir and JNfamily .

anmpatel said...

what will be tom developing JNSAR sir? thanks.

Prabakar said...

Namaste Ilango Sir and JN Family

Ilango said...

Below 5DEma-5321, both day & Hour channel breaks.(Hour breaks @ 5327)

16th Thursday's JNSAR is 5308(approx, too early to know)

Bhushan said...

Good morning Gurudev and friends

Parimal said...

Tata Steel, RIL are gaining

Ilango said...

@ Shankar,

Tatasteel was getting sold off ahead of the poor results and after the results, the "short covering" may be on.

numchar said...

Inflation too high, above RBI's comfort: Subbarao

Wondering if market is aware of the fact , whats holding it up ? Or this event has already been discounted in current price.

Ilango said...

@ numchar,

In a "TRENDING UP" market, the release of "bad news" is gobbled up like hot cakes and

the same goes for a "TRENDING DOWN" market which loves "good news".

Kiran said...

BN picking up pace...

cooldent said...


BN has hit jnsar long :)

suresh said...

BN need a confirmation to come in UT

Pankaj said...

5400 Call options writers, you will ave to eat back what you are selling.

numchar said...

Thanks sir , that's interesting play of human psychology.

Smita said...

sir Up move from 5294 as seen by me
from 5294 looks like 5 wave up .
w1 5294-5330=36
w2 as flat
a 5330-5311=19
b 5311-5330=19
c 5330-5309=21
w3 is on
i 5309-5326=17
ii 5326-5316=10
iii 5316-5352=36
iv 5352-5337=15
now v is on as we broke 5352 .
After we complete this v W4 W5 should follow if the count is ok.
If we break 5336 , means w3 is done and w4 in on .

suresh said...

may be n-f high for the day is done

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