Monday, August 6, 2012

Nifty Pre-Market View.

Nifty found a short term bottom @ DLEma(5168) and has reversed the weekly trend to "UP".
Earlier, it had reversed from a low of 5033 and maintained the month's Up Trend.
EW study has contributed immensely to follow up on "prices unfolding", using the most elementary 12345 and abc. These fractals of "12345 & abc" would repeat in each cycle and form the building blocks of larger moves. Following the prices in this way, one would be alerted when the chain of such unfolding fractals break or complete a logical top.
"5197-5203"-holds month/week/day pivots, staying above which Nifty would challenge:
Firstly 80% @ 5286;
Next, triangle resistance @ 5305;
Finally 5349....
Its ability to close the week above WHEma is crucial for a sustainable rally (which lacks momentum presently due to their closing below HEmas) while holding the "pivots" mentioned earlier..
Also watch the FII data & OI tables consistently to feel the undercurrents.

31 comments:

San said...

Good Morning Ilango Sir and Friends

NIFTY and Reliance Industries Update : CLICK HERE

Nilesh Patil said...

Good Morning Master & Friends

ALBELA HOUSE said...

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

amber said...

SIR ILANGO JI GOOD MORNING

venkatapathy l said...

Namaste Ilango Sir and fellow bloggers.

LV

Jagan said...

Namaste Ilango Sir And All.

SANPOT said...

Good Morning Ilango Sir and blog mates.

saravanan k said...

Good Morning Ilango Sir & all Blogmates.

Rgds
Saravanan

Parimal said...

Namaste Sir Ilango and all friends
May the Lord grant us Integrity
have a nice day

sanz said...

Goodmorning Family...

suresh said...

sir ji,
good morning.
please if possible conduct webinars on
various topics over span of time
and the registered participants can be
charged.
i expect about atleast 100/150 participants to
register for your webinar/s
please consider my request
thanks

sudharsan said...

Good morning Master and friends

Yash and Dhan said...

Good Morning Sir and dear friends.
Have a great new trading week.
On a lighter note,
Do you know that Saina Nehwal's opponent retired hurt and yet it was not surprising for Indians why???
Because she was "Made in China"

Lakshmi said...

Dear DR Sir,

What can be taken as the correct opening price of BN?

Prabakar said...

Namaste Ilango Sir and JN Family

Hari_Hyderabad said...

Good morning master & JN family

Have a nice day !

Ilango said...

If anyone has the "hour data" for SBI for 01st Aug.2012, send it to me.

NITIN KADAM said...

Due to gap-up of 50+ points market will remain in a small range for rest of the day. Some correction towards support levels 5207-5237 is possible if resisted at 5280.

Support & Resistances for the day :-

Support :- 5207-5237

Resistance :- 5280-5305

Current Trend :- UP

Strategy:-

Initiate long near support area with small SL.

Happy disciplined trading to all.

Have a nice day!

Parimal said...

SBI 1st Aug
o-2033
h-2041
l-1974
c-2007
thanks

Ilango said...

Thank you, Cooldent for the data.

Ilango said...

Closer to our first target....5286.

Supports:

Day's low-5261
Earlier high-5246.

eevra said...

You see greener world ( across all indices ) today !

Dinesh Rishi said...

Good Morning Master and copy to All

Lakshmi

BN open & low is 10426.75

SANPOT said...

Sir, Rising Wedge on 2 min google chart.

Ilango said...

New Post Done.

Thaqnk you all..for the data.

suresh said...

sbi-spot data ason 01/08/2012
time:o:h:l:c
10:2010:2033.65:2006:2020
11:2024.45:2032.45:2015.95:2021
12:2024.4:2032.45:2015.95:2021
1:2021:2043.8:2020.65:2037.3
2:2037.95:2040:2020.2:2035
3:2032.2:2038:2020.2:2035
3.30:2035:2037:2028.35:2033.4

Lakshmi said...

Dear DR Sir

Thank you.

S N said...

Suresh

Is there a way to get hourly data from ODIN ? If not, pl advise from where can we get it ? Thanks

SN

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