Friday, August 17, 2012

Nifty Pre-Market View.

Day Trend is UP above 5348(5DEma) & 5365 (Channel).
Hour trend is down without momentum.
A close above DHEma alone can change the ST bull structure.
Strong momentum is needed if the price needs to stay within the channel.
"Divergence Traders" have spotted a -ve div developing in day charts, suggesting a "Sell on rise".
Rising 5400CE would cap the ST upsides unless there is a change.

39 comments:

San said...

Good Morning Ilango Sir and Friends

CNX - IT and BANK NIFTY Updates: CLICK HERE

SANPOT said...

Good Morning Ilango Sir and Blog mates.
Sir, along with the negative Div, the Mid Cap index has failed to rally with the Index. Bank Nifty and Metal Index also showing weakness indicating a Short Term Correction.

sanz said...

Goodmorning Family :)

NITIN KADAM said...

Good Morning Master & Blog mates,

Trend - UP

August month is been narrowest month 70% of times in last 17 years. Its an opportunity for option writers, and warning to option buyers.
- IIFL Research.

Today's View :-

http://imageshack.us/f/3/17aug2012.jpg/

Happy disciplined trading to all.

Have a nice day!

Nilesh Patil said...

Good Morning Master & Friends

ALBELA HOUSE said...

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

anmpatel said...

yesterday was a NR7(narrow range in last 7 days) day. so careful with longs below yesterday low.

saravanan k said...

Good morning Ilango Sir & all blogmates.

Rgds
Saravanan

Smita said...

Goodmorning sir and JNfamily .
Have a nice day

parminder said...

Master ilango and friends,
good morning to all
Regards
☺☺

Jagan said...

Namaste Ilango Sir And All.

Parimal said...

Namaste Dear Master and all friends
have a nice day

sandeep said...

jai hind master n all. dr sir get fit

SANPOT said...

To all the Eternal Bulls Greetings on this Day of Bail Pola----Cultural Festival in Maharashtra where the farmers rest their Bulls and are worshipped.
Today should be the Bail Pola in the markets, hope the Bulls will listen.

Parimal said...

Dear Friends
please help me understand this simple fact:
most of the times, DIIs do just the opposite to what FIIs do?
yesterday (and all days of August) DIIs net bought in large quantity while FIIs bought for a small quantity.
thanks

Parimal said...

RIL (future quote) closing in on previous high 847 made on 12.2.12

Hari_Hyderabad said...

Good morning master & JN family

Have a nice day !

Ilango said...

O & L same.

Next req. is ORB break.

Low critical for bulls.

anmpatel said...

failure to cross NR7 high 5390.25

NIFTYNINDIA said...

Nifty spot....currently crossed CAM H4..53181.....but at BB..so will wait to come it at 5 MIN MA ..approx..5377 and then if again hit CAM H4 will GO LONG forR INTRA for TGT 20 points

Piyush Sharda said...

@hari & cool
today it triggered with open ..

amber said...

SIR I LANGO JI GOOD MORNING

NIFTYNINDIA said...

or will keep watch on HEMA

cooldent said...

PS

Yes. I didnt exit yesterday.

Rajan Malhotra said...

Good morning Ilango ji and friends

Piyush Sharda said...

ok cool, congrats to u :-)

nifty rider said...

blockbuster film..ek tha bull... i mean ek hai bull

anmpatel said...

ORB broken and NR7 also suggest buy with channel support 5265 as per pre-market. waiting for close above HHEMA.thanks.

Hari_Hyderabad said...

@ Piyush Sharda

I exited yesterday on seeing negative crossover. Today took long again

Prabakar said...

Namaste Ilango Sir and JN Family

NIFTYNINDIA said...

NIFTY SPOT..5 months high...5390....very imp...

Rajan Malhotra said...

Birthday wishes to Sarvanan ji and
Kumar ji , oh yes it was yesterday.

Piyush Sharda said...

even i did same hari but cool is champion..

cooldent said...

PS and Hari

I keep a tight SL of 20 points after entry.

Prithvi said...

Good Morning Family

mystocks said...

Good morning Master & seniors

Rajan Malhotra said...

Piyush sharda ji
In hour charts , is it not more appropriate
to keep stochastics setting 35 ,3 ,3 rather than 5,3,3, as the signals in the latter one may
be fast and sometimes misleading.

Piyush Sharda said...

@rajan malhotra

there is nothing appropriate or inappropriate in markets but we have to reach only one goal make more money and lose less money.

5,3,3 setting for certain occasion of joining trends was explained by dinesh rishi . it works well but one side.

35,3,3 setting by sir is faster version of 5,3,3 setting in day by sir as 5,3,3 is at times slow. its more relevant for positional trading on both sides.

sir if this explaination has error, pls rectify



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