Friday, August 3, 2012

Nifty Pre-Market View.

Correction is on....known once the resistances have held.
When the correction would end..??..
today in the morning session or would drag into Monday?
a perfect day for the week's downtrend to assert with Overbought Day/ Hour.
Below 5225-Day pivot, it is weak & gets weaker below 5189...bearish below 5160.
Bulls reversal only above 5231 & 5240 or above the 80% retrace of the fall from 5246.
Is it correcting the last rise from 5154-5246 or the 5033-5246.
"5172" holds the key...80% & WEma.
"5189" is the first support-61.8% of 5154-5246 retrace & 34 Hrsma.

48 comments:

San said...

Good Morning Ilango Sir and Friends

TATA STEEL Chart analysis : CLICK HERE

Bala said...

Good Morning, Ilango Ji

niftygann GANN said...

@ Dear Blog mates

I would like to share a ATR AND ADX trade set up rules - if any one is interested plz mail me with the subject ATR And ADX mail id niftygann@gmail.com

Have a great day

sanz said...

Good Morning Family...

SANPOT said...

Good Morning Ilango Sir and blog mates.

ajja said...

good morning master & prentice

saravanan k said...

Good Morning Ilango Sir & all Blogmates.

Rgds
Saravanan

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

Camarilla Key Levels
Nifty Futures
H4 5264[BUY]
H3 5255[SELL]
L3 5238[BUY]
L4 5230[SELL]

*Today Ignore H3 & L3. Focus on H4 & L4.
Good Luck.

Prakash-Pol said...

Good morning Master
Good morning Julius Sir

Prakash-Pol said...

@ Julius Sir
How to manage the trade if there is a gap down?

Yash and Dhan said...

Good Morning Sir and dear blogmates.
Have a great trading day.
Thanks

Unknown said...

Good Morning Ilango Sir & friends!!!

Sir Yesterday at 5210NS I bought back 1 lot...is it to be managed with 20point SL or JNSAR or ???
Please guide how you would manage your trade in such scenario Sir.

THank you

puravi said...

Good Morning Ilango Sir & friends!!!

Sir Yesterday at 5210NS I bought back 1 lot...is it to be managed with 20point SL or JNSAR or ???
Please guide how you would manage your trade in such scenario Sir.

THank you

meignanavel said...

Good morning to all

amber said...

SIR ILANGO JI GOOD MORNING

Nilesh Patil said...

Good Morning Master & Friends

Jagan said...

Namaste Ilango Sir And All.

Kiran said...

Just a hypothetical case.
If we had JNSAR for Facebook fut. We had shorted when it was trading at 31 or 29. Yesterday it closed at 20. would have generated profit of almost 33% even with 100% margin requirement.

puravi said...

NF open - Low 5100???

Jagan said...

Open LOW NF 5100.

Dinesh Rishi said...

Good Morning Master and copy to All

puravi -

during such condition check
Mini Nifty Fut

CDG said...

Dear Ilango,
if my yesterday calculation is correct then(a)=(C)=36=5195 done.
the next support can be (c)=1.618(a)=5172 which is also mentioned by you in the premarket post as WEMA.

cooldent said...

puravi

34hrsma will be almost equal to your 20 point stop loss

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

Camarilla Key Levels [As per Yesterday EOD]
Nifty Futures
H4 5264[BUY]
H3 5255[SELL]
L3 5238[BUY]
L4 5230[SELL]

Camarilla Experimental/Paper trade
[As per ATP@5212 instead of previous close]
Nifty Futures
H4 5229[BUY]
L4 5195[SELL]

Prabakar said...

Namaste Ilango Sir and JN Family

CDG said...

SUPERB... 5189 is providing support

Hari_Hyderabad said...

Good morning master & JN Family

Have a nice day !

Prabakar said...

Good Morning DR Sir,

Believe All is Well..

sandeep said...

gm master dr sir julius sir n all

NITIN KADAM said...

Support & Resistances for the day :-

Support :- 5188-5168

Resistance :- 5207-5237

Current Trend :- Turning Down.

Strategy:-

If taking support @ 5168-5188

Initiate long near support area with small SL.

If Breaking below 5168

Initiate Short Below 5168 with small SL. Watch break of 5138 for confirmation.

Possible Movements:-

1. 5188< = > 5207< = > 5237< = > 5279

2. 5188< = > 5207< = > 5168 < = > 5138< = > 5096

Happy disciplined trading to all.

Have a nice day!

Dinesh Rishi said...

Prabakar

thanks

Yes one more adjourned for a weak

Prabakar said...

Happy to Know DR sir. :)

Prabakar said...

NF Showing Open & Low as 5100, is it correct?

NEVER GIVE UP said...

good morning sir and all friends.

Sudhakar said...

Ilango sir

Could you guide me to calculate a stock's today JNSAR from yesterday's JNSAR. Thanks in advance.

Regards

Atharva said...

Gm to Master & All

shabsaif said...

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

cooldent said...

Sudhakar

You cant calculate. You can only download

Atharva said...

Master : developing JNSAR pls??

Prabakar said...

NS Daily 34 EMA giving support @ 5174??!! Let's wait n watch..

Amol Sharma said...

bearish harami drag nifty towards 5172-75

closing above this good below this not good.

Amol Sharma said...

PE 5000 cross 1 Crore OI.

Nilesh Deshpande said...

As per ATR formula


Buy Zone 5195.75 to 5179.75
Breakdown Below 5176.55
Breakdown Target 5108.35

satheesh said...

Namaste Ilango sir and all,

Nifty DAY CHART:
Click Here

NIFTY WEEK CHART:
Click Here

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