Thursday, August 9, 2012

Nifty Pre-Market View.

Trendlines: Read here
Follow this simple strategy in all your trading/ investing strategies and let it be part of your plan. The tendency to ignore is strong here as it is the "simplest one". But believe me, it is the foundation for the complex EW study. So skip EW if you find it complex and embrace trendlines. One should call it the "supply-demand equilibrium Line"
Trend Following: Read Here
This is the oft-repeated statement of most experts in stock market field and oft-ignored by the "hurrying-kind" who outnumbers the disciplined. Change your side soon to become a habituated winner.
How could you have applied these two basic, simple to comprehend strategies in recent times..?
State your experience if you think it will benefit others.
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Remember, the hour is in a corrective mode but the day technicals continue to remain firm.

45 comments:

San said...

Good Morning Ilango Sir and Friends

NIFTY Resistance levels : CLICK HERE

shabsaif said...

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

sandeep said...

gm master dr sir n all

Arun kumar sharma said...

llango sir good morning, have a nice day!

Nilesh Patil said...

Good Morning Master & Friends,
Thanks Master for continuous teaching in simple way.

amber said...

SIR ILANGO JI GOOD MORNING

Jagan said...

Namaste Ilango Sir And All.

parminder said...
This comment has been removed by the author.
parminder said...

Master ilango and friends,
Gooooooood Morning to all.
Master thanx for Educating with simplicity.
regards
☺☺

anmpatel said...

@master
good morning
as you told you will wait for a 5, little bit lower. where could be 5 end? around 5320-25 or 5290 5DEMA? thanks. The Heiking-ashi suggest open/low should be 5313 not more than that, so can we say 5 will end around 5313 to contd furthere upmove. please guide. thanks.

Parimal said...

Dear Master Namaste. thank you a lot to teach us tirelessly the simple methodology. i am a bit hesitant for taking fresh long due to highly OB condition.
kind regards

venkatapathy l said...

Namaste Ilango Sir and fellow bloggers

LV

Amol Sharma said...

Good Morning Sir !

Have an nice discipline trading day

meignanavel said...

good morning to all

Hari_Hyderabad said...

Good morning master & JN family

Have a nice day !

Nilesh Deshpande said...

Nifty opens right at the day pivot.

@ilango Sir,

Has the JNSAR hourly trade triggered on the sell side yesterday evening?

Arun kumar sharma said...

llango sir,
i m long in bank nifty @ 10500
when should i book profit or place sl for long
thanku

SANPOT said...

Good Morning Ilango Sir and blog mates.
Ilango Sir, I have sent you a mail of DIVISLAB chart. Pl give yor expert opinion on that.
Thanks in advance.

Ilango said...

@ anmpatel,

5 was anticipated. But "abc/3" has unfolded with Open & Low being same.

@ Parimal,

Month trend up always.
Week trend changed just last week.
Day trend too is firm.
Buying above pivot after noticing the Open & Low would be easy enough.

@ Nilesh Deshpande,

I don't follow Hour JNSAR much. It has whipsawed.

Ilango said...

@ SANPOT ,

It is trending up. It is not an ED.

mynac said...

GM Everybody,
Dear Parimal just have a look @ Hrly.KST indicator..probably you may get the answer..
Thanks & bye everybody...

Parimal said...

Heartfelt thanks to Beloved Sir for kindly answering
Heartfelt thanks to Dear Mynac also for the kind answer

mynac said...

Dear Parimal..Today's "5363" is the highest cash volume trade in last 3-4 day's @ the opening... so above 5363...market may go further up to yesterday high and onwards and below... would be another simple observation...

Arun kumar sharma said...

llango sir,
pls advice me also about bn

ALBELA HOUSE said...

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

mystocks said...

Good morning Master& seniors

Parimal said...

Dear Mynac
as you have kindly suggested, i have checked Hrly KST indicator which has turned downwards yesterday. i consider this indicator quite significant. it seems that Nifty is at resistance level. though hrly channel top is yet to be touched.
thanks again and again

cooldent said...

Arun Kumar sharma

http://wealthinnifty.blogspot.in/

SAM said...

@ Mynac where i can see KST indicator value

Parimal said...

Dear SAM
please download Nifty TA file available at the right uppermost link

mynac said...

Dear Parimal ,
Whenever Hr.Kst indicator starts to slid down in spite of Hrly.Higher low, higher top and close" market tends to slide there onwards in next 1-2-3 Hrs.is observation...
You may check this observation today,as it is the best example opportunity/learning experience for us (particularly for "day traders"...

All the best and bye...

SANPOT said...

Ilango Sir,Nifty has given a DOJI with long upper shadow on the daily chart. Does it indicate a short term trend reversal?

Prabakar said...

Namaste Ilango Sir and JN Family

Prabakar said...

Good Morning Mynac.

Atharva said...

GM to Master and All

NITIN KADAM said...

Support :- 5305-5335

Resistance :- 5364-5438

Current Trend :- UP ( OverBought )

Strategy:-

Initiate long near support area with small SL.

Possible Movements:-

1. 5364< = >5335-5305< = > 5401 < = > 5438

2. 5364< = > 5401 < = > 5438

3. 5364< = >5305< = > 5280 < = > 5237

Happy disciplined trading to all.

Have a nice day!

vksoni said...

ilango sir
faster retracment not seen in 5 min tf from tomorrow low .in this hrly correction it should go to hlema -20 points to complete c of abc?

Arun kumar sharma said...

llango sir,
in bank nifty chart of bank nifty hours and 34 hr day shown by you
what the meaning of 20-240 nos. on y axis and 1 to 157 on x axis

shiva said...

good morning,seniors..

Hari_Hyderabad said...

Stochastic cross over seen in 60 mnts. Nifty futures chart

Prabakar said...

@Hari,

Stochastic bearish crossover seen, but still it is above 80 mark. Many times when trend is bullish, these crossovers tend to whipsaw a lot. just thought of sharing.

Nilesh Deshpande said...

RELINFRA enters -ve zone

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