Thursday, October 11, 2012

Nifty Pre-Market View.

Nifty's last correction from 5449 to 5216 was of 233 points.
Hence, falling below 5582(5815-233=5582) would indicate a larger correction.(5587-38%)
For the day, the support should come in around 5639, 2-wk low or in the zone of 5604-5626.
If a bounce/ reversal emerges, its ability to close above 5692 would be the first sign of strength, though a close above HEma is the true indicator of momentum.
For intraday, strength would be only above "5662" at the opening session and later above the developing pivot.
Based on the above facts, make your trading plan for the day as well as for the next few days considering +ve div. in Hour T/F & Day @ oversold region.
Tomorrow's close would reveal more clues, by way of week TA, to understand the market further.

60 comments:

suresh said...

sir ji,
good morning; one querry
the weak trend up & doun trend dn--
is based on what parameters-macd/h
or 5ema/rsi/???
pl reply
thanks

buggie advani said...

Guruji good morning and All
Simply explain and the best
cheers

Nilesh Patil said...

Good Morning Master & Friends

Just Trade said...

Good Morning Ilango Sir and All

Have a nice trading day

Regards

Suresh

Manish said...

Good morning master and all JN friends

Hope this message finds you in best of Health and spirits.

Great analysis as always for the Day and things to watch for the week.

BN definitely looks weak below it's support of 11320.

Have a Great Learning and Earning session today.

Good Luck !!!

SANPOT said...

Good Morning Ilango Sir and Blogmates.

saravanan k said...

Good morning Ilango sir & all blogmates.

Rgds
Saravanan

Bala said...

Good Morning, Ilango Ji

anmpatel said...

good morning master and all friends,

HA open value for today is 5691.89

ALBELA HOUSE said...

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

Rajendra K said...

Dear Sir,

Shastriji had posted some interesting Wave analysis suggesting trend reversal from 5th Oct and hopes this wave to continue for 50 days at http://niftypredictor.blogspot.in/
So, is it a major correction ?

rama balaji said...

Dear anm ha 5691.89,what does it indicate,i am new to this,kindly explain

San said...

Good Morning Ilango Sir and Friends

NIFTY Update: RT CLICK HERE

Dr Dinesh said...

GM Master n Dear Frnds.

satheesh said...

Namaste Ilango Sir and all

Nifty Day Chart:
CLICK HERE

Nifty Hour Chart:
CLICK HERE

AJIT PATIL said...
This comment has been removed by the author.
NEVER GIVE UP said...

Good Morning Sir & All Friends.

Parimal said...

Namaste Dear Sir and all friends
have a nice day of trading

Dinesh Rishi said...

Good Morning Master and copy to All


Rajindran

How can we forget his this prediction which he made well in advance

Nice to see he is once again active

Fri, 24th Oct:
It could be a typical ‘black Friday’ with huge gap-down open followed by further drifting. The period up to 02:30 indicates one-sided movement in south however some attempts to regains are possible in last hour of trade. The traders may carry their short positions/ put boldly as the oncoming Mon indicates yet another day with –ve bias.

http://niftypredictor.blogspot.in/2008/10/vijaydashmi-to-diwali.html

AJIT PATIL said...

Good morning Ilango sir & all blogmates.

Smita said...

Good morning Sir and All ..have a nice day !

Hari_Indian said...

Good morning master & JN family

Have a nice day !

sushil said...

good morning master and blogmates

Parimal said...

Sify fin:
RIL's KG-D6 fields could shut down in future.

New Delhi, Oct 9 (IANS) Petroleum ministry officials Tuesday spoke of the possibility of the main producing fields in Reliance Industries' KG-D6 block in Bay of Bengal shutting down in future.

jay shah said...

gm dear sir all my seniors and freinds have a wonderful day

Parimal said...

Economic Times:
Tata Steel invests euros 12 million in new Netherlands facilities

amber said...

Sir Ilango ji goodmorning

Suraj said...

Good Morning Ilango Sir And JN Friends

Bhushan said...

Good Morning Gurudev and friends

DZIRE said...

Namaste Ilango Sir & all members.

Stockathon said...

Good Morning Ilango Sir and Friends...

parminder said...

Master ilango and friends,
Good morning to all
Open low same in nifty future5669

Dinesh Rishi said...

parminder

tutey ga bhai tute ga

shiva said...

good morning,seniors..

parminder said...

Dr sir ,
u r pushing it hard with jnsar to tutega hi
regards

cooldent said...

DR sir

Mother's name is Mrs. Sixty Two
Sons name is fifty two
daughters name is forty two

What is the name of the father?

Nilesh Patil said...

@DR sir,
Kindly update on Copper.

Prithvi Yashashvi said...

DR sir,

Can u make my chart setting??

Dinesh Rishi said...

Nilesh

Ask Parminder Now he is copper Expert

Parminder Ji wat was coppers call Yesterday?

A J said...

@DR ji
Start the day with morning prayer?

"Hey bhagwan agle janam mein mujhe Robert Vadra jaisi kismat dena"

Parimal said...

NF day chart: support of 20DMA is 5659. Middle BB comes to 5655.

Dinesh Rishi said...

Cooldent Mr. 62 :D (Mrs/Mr 62)

Prabakar said...

Namaste Ilango Sir and JN Family

Prithvi Yashashvi said...

how to ping you??

Where is your id>

Dinesh Rishi said...

Prithvi

check ur in box and spam folder



Dinesh Rishi said...

or click on my profile u will get my mail ID from there

raman perumal said...

Dear sir, and friends,
Today the nifty spot recovered from 5636 to 5652 but there is no increase in NF. i.e premium is getting reduced, can anyone throw light

With regards

P.Raman

Rajan Malhotra said...

Good morning Ilango ji and friends

Dear friends
trade tiger 1.0.5.0 provides intraday history of 5 days only .please let me know of any other version which provides more .
thanks

Parimal said...

Dear Rajan Malhotra
Trade Tiger 2.2.0.0 gives 10 years data. you may ask for the same

Hari_Indian said...

@ Rajan Malhotra

Sir, I am using 2.2.0, in this version I can see up to 30 days intraday data

Rajendra K said...

@ Dinesh Rishi,
This time he posted on 27th Sept !!!

Oct overview:
Though the Sept ends on bullish note, it’s time to get out of ‘longs’ till Fri EOD.. as this Sept high in Nifty may hold till mid Nov.

Ilango said...

New Post being Done.(in a minute)

anmpatel said...

this hour HA open is 5659.34

Dinesh Rishi said...

AJ

Pitaji Ki Patloon Ka Kya Hua?

http://www.youtube.com/watch?v=EtSCUx7Ab6s

keep eyes open after .25 sec

AJIT PATIL said...

DR Sir mail sent please check

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