Wednesday, October 10, 2012

Nifty Pre-Market View.

Having consolidated sideways after a sharp fall from 5815 to 5666, Nifty is poised to seek support closer to 5600 zone.
Selling zone continues to be @ 5715-35 and below 5706, it would be weak for the day.
1st Support is around 5655, followed by 5640-Last pivot low & 5626-WEma/21DEma for the day.
Below 5626, 5587-38%.
Strength only above 5757.
If a low is in place in the next 2 days & the day TA reverses, next phase of the upmove could unfold.
However, considering the no. of days taken during 5349 to 5033 and 5449 to 5216 corrective phase of 13 & 10 days, the current correction has consumed so far only 4 trading days. Hence, prepare for such a possibility along side the above mentioned view of a ST low being made in the next 2 days.

34 comments:

AJIT PATIL said...

Good Morning Ilango Sir & all Blogmates.

parminder said...

Master ilango,
GOOD Morning
THE Blog and internet was useless without ur post in the morning
Regards
☺♥

anmpatel said...

Good morning Ilango sir and friends.

today's HA open Value is 5719.56

thanks.

@parminder ji
SSA
i am totally agree with you.

ALBELA HOUSE said...

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

Bhushan said...

Good Morning Gurudev and friends

Nilesh Patil said...

Good Morning Master & Friends

Yash and Dhan said...

Good Morning Sir and dear blog-mates.
Sir one request . !!!
Like all other terminologies could you please write a small write-up on "Midpoint crisis." I have searched and read this term on the blog but could not find a cohesive study. If time permits of-course. Thanks in advance.

San said...

Good Morning Ilango Sir and Friends

NIFTY Support levels: CLICK HERE

Hari_Indian said...

Good morning master & JN family

Have a nice day !

maulik00777 said...
This comment has been removed by the author.
Prabakar said...

Namaste Ilango Sir and JN Family

SANPOT said...

Good Morning Ilango sir and blogmates.

Dinesh Rishi said...

FATME

ur HNS and a break out

a chart will be appreciated

mynac said...

GM Everybody,
Nifty has to trade above 5669 & 5673,where there are initial high volume trades are there to keep Bulls hopes alive for the day...And above all let us wait for Mayavati for her Maya....

Stockathon said...

Good Morning Ilango Sir & Friends...

satheesh said...

Namaste Ilango sir and all,

Nifty Charts with Support & Resistance
CLICK HERE

shriram said...

morning everyone ,

Chetas : sorry , missed ur msg late ysday eve, Dev.DhiEMA wud have been a gr8 place to short had it come , but it nvr did :-)

So, lets talk of today -->

In absence of amjor TREND, can expect a oscillatory play between Golden ratio support @ 5650 & RES @ DloEMA /DEMA 5680 / 57K approx...

Have a gr8 trading day!

Smita said...

Good Morning sir and All !
Have a nice day .

Ilango said...

"Sell on rises" in play...

Find the resistances from Hour TT.

satheesh said...

Sir,

What is TataMotor's developing JNSAR?

chetas said...

Shriram!

Since NS closed > lema, i was thinking we will get a chance to short at high ema.

Thanks for your reply

NEVER GIVE UP said...

Good Morning Sir & All Friends.

Atharva said...

Gm to all : till time PSC in cash is not broken So bulls are fighting hard...Happy trading those who have missed JNSAR trade can short based on PSC system on break of PSC 5650 with ISL 5670 ...

parminder said...

Hi anmpatel
Good morning

jay shah said...

gm dear sir , all my seniors and freinds on the blog

Ilango said...

@ satheesh,

272.70

anmpatel said...

@parminderji
good morning.

sandeep said...

jai hind master n dr sir n all

A J said...

@DR ji
GM, Chart updated

http://financeandtradingmadeeasy.blogspot.in/2012/10/bearish-head-and-shoulder-pattern-in.html

Subah subah kaam kara rahey ho!

http://www.youtube.com/watch?feature=player_detailpage&v=RaC_j1nxrd8#t=110s

m.k said...

Good mornig ilango sir and blog mets
i can not post comments on this blog from my computer so i do from
mobail its very difficult
can anybody help me this

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