Friday, August 24, 2012

Nifty Pre-Market View.

Nifty resisted Near the 80% mark and showed weakness thru' various -ve div in hour charts.
It fell by 55 points from 5449 to 5394 and also did a 50% retracement to 5421.
5421 - 55 = 5366.(Near Low ema/ weekly low) This is a rough calculation.
If 5390 is held, it could bounce a bit before getting lower.
FIIs have continued their buys, though sold in futures.
OI data hasn't been damaged yet for the 5400 support.
There can not be a conservative sell but only an aggressive sell .
Settlement close has always favoured the one with less pain...in this series, the bulls.
Hence, play the ST weakness but keep in mind the week/ Day trends.
"5365-WHEma", protection would boost bulls' chance for new highs.

54 comments:

sanz said...

Goodmorning Family :D

San said...

Good Morning Ilango Sir and Friends

NIFTY Support and Resistance: CLICK HERE

ALBELA HOUSE said...

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

Arun kumar sharma said...

Good morning llango sir ji and all seniors and my friends

Prabakar said...

Namaste Ilango Sir and JN Family

Prabakar said...

The highest negative closing for Nifty Futures in August series is -24.85(0.46%) on 16/8/12 @ 5382.

Let's see whether Bears have strength to break it ?!! :)

sanz said...

@ MAster as per todays Nifty Pre-Market View you said "5365-WHEma", protection would boost bulls' if it comes to that down but if it comes to 5365 in case the JNSAR itself will b get triggered !!! then it will b a Bear Ride right...

cooldent said...

Sir

Could you pls upload updated BN TA file

sudharsan said...

Good morning Master and friends

Nilesh Patil said...

Good Morning Master & Friends,

Amol Sharma said...

Good Morning Sir, All

suresh said...

sir ji,
do v have to update daily for weekly
5w-high/low/close.
pl advice.
thanks

amber said...

SIR ILANGO JI GOOD MORNING

SANPOT said...

Good Morning Ilango sir and Blogmates.

Jagan said...

Namaste Ilango Sir And All.

Parimal said...

Namaste Dear Sir and all friends
have a nice trading day

Yash and Dhan said...

Namaste Sir and dear friends.

Smita said...

Goodmorning Sir and JNfamily .

Myfunds said...

GOOD MORNING to all

Dinesh Rishi said...

Good Morning Master and copy to All

Ilango said...

@ cooldent ,

BnakNifty TA file link below:

http://www.4shared.com/office/DqZ2nOrP/01BankNifty-TA-1_by_ilango_.html?

sandeep said...

jai hind master , dr sir n all

Ilango said...

@ suresh,

When you update daily the changing week's high & low, it gives you the correct High & Low emas of the week.

Pankaj Indian said...

Today's opening is at 5392 which is second visit to the same low level. I think retracement is done now, and we shall look forward to 5502 first and then 5550.

parminder said...

Master ilango and friends,
Good morning to all
☺☺☺

Hari_Indian said...

Good morning master & JN family

Have a nice day !

cooldent said...

Hari sir

Sharekhan TT working fine???

suresh said...

sir ji,
thank you.
i will do it from monday

Ilango said...

@ sanz,

That is objectively presented studies. Hence, I suggested a filter for JNSAR if you are bullishly inclined.

Others could aggressively sell either at the open or on a small bounce. It is in a trading mode having lost the upward momentum.

jay shah said...

gm sir and freinds

gauresh59 said...

yes......if you get any problem .......restart again

venkatapathy l said...

Namaste Ilango sir and fellow bloggers

LV

gauresh59 said...

Namaste ilango Sir and Friends,

Today's quote received :

There are two ways to be “Happy”

Improve your reality
Or
Lower your expectations

cooldent said...

thanks gauresh jee

anmpatel said...

@master
nifty is daily trading mode because close below DHEMA but today is week's last day and trading above weekly HEMA so isnt it bullish till 5365 protected? thanks.

Parimal said...

Dear Sir Ilango
seeking your kind comment on BankNifty day chart forming contracting triangle, if time permits
with kind regards and thanks

Ilango said...

@ anmpatel,

If you talk of week - bullish

If you talk of Day - bullish less momentum & wobbly

If you talk of Hour - its bearish.

Amol Sharma said...
This comment has been removed by the author.
Ilango said...

@ Parimal,

BN's CT is rejected as there was a good break out yesterday and a good break down today.

Treat BN as in a broad trading range.

I have given the key levels.

Break down below 10270
Break out above 10445 or 10515.

sudharsan said...

Waiting for JNSAR to trigger....

Parimal said...

Thanks you Dear Sir for your very kind observation on BN
regards

Hari_Indian said...

@ Cooldent

Sir, after I changed the server it is working fine.

Sorry for the late reply

Hari_Indian said...

@ Cooldent

I have changed the server to 16

cooldent said...

Hari

got it. its working now

suresh said...

ns: 1st supp @ 5364

Amol Sharma said...

IFCI share fall -14.31 % ??

NEVER GIVE UP said...

good morning sir and all friends.

Prithvi said...

Waiting for JNSar@5370-20=5350 trigger.

sandeep said...

prithvi if jnsar is crossed it becomes sell with sl 5390 i hope i am right master

Dinesh Rishi said...

Hari & Cooldent

What about seat belt?

Vivek Kumar said...

It's nice posting for the particular topic, thanks for it I always search such topics, everything connected to that. I really appreciate it.

Thanks & Regards
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