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.
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.
31 comments:
Good Morning Ilango Sir & all Blogmates.
Master ilango,
GOOD Morning
THE Blog and internet was useless without ur post in the morning
Regards
☺♥
Good morning Ilango sir and friends.
today's HA open Value is 5719.56
thanks.
@parminder ji
SSA
i am totally agree with you.
R/Ilango Sir Namaste n Namaskaar 2 all reader's.
Good Morning Gurudev and friends
Good Morning Master & Friends
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.
Good Morning Ilango Sir and Friends
NIFTY Support levels: CLICK HERE
Namaste Ilango Sir and JN Family
Good Morning Ilango sir and blogmates.
FATME
ur HNS and a break out
a chart will be appreciated
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....
Good Morning Ilango Sir & Friends...
Namaste Ilango sir and all,
Nifty Charts with Support & Resistance
CLICK HERE
Good Morning Family
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!
Good Morning sir and All !
Have a nice day .
"Sell on rises" in play...
Find the resistances from Hour TT.
Sir,
What is TataMotor's developing JNSAR?
Shriram!
Since NS closed > lema, i was thinking we will get a chance to short at high ema.
Thanks for your reply
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 ...
Hi anmpatel
Good morning
gm dear sir , all my seniors and freinds on the blog
@ satheesh,
272.70
@parminderji
good morning.
jai hind master n dr sir n all
Thanks Sir
New Post Done.
@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
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
Post a Comment