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.
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.
52 comments:
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
Guruji good morning and All
Simply explain and the best
cheers
Good Morning Master & Friends
Good Morning Ilango Sir and All
Have a nice trading day
Regards
Suresh
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 !!!
Good Morning, Ilango Ji
good morning master and all friends,
HA open value for today is 5691.89
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 ?
Dear anm ha 5691.89,what does it indicate,i am new to this,kindly explain
Good Morning Ilango Sir and Friends
NIFTY Update: RT CLICK HERE
GM Master n Dear Frnds.
Namaste Ilango Sir and all
Nifty Day Chart:
CLICK HERE
Nifty Hour Chart:
CLICK HERE
Good Morning Sir & All Friends.
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
Good morning Sir and All ..have a nice day !
good morning master and blogmates
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.
gm dear sir all my seniors and freinds have a wonderful day
Economic Times:
Tata Steel invests euros 12 million in new Netherlands facilities
Sir Ilango ji goodmorning
Good Morning Ilango Sir And JN Friends
Good Morning Gurudev and friends
Good Morning Ilango Sir and Friends...
Master ilango and friends,
Good morning to all
Open low same in nifty future5669
parminder
tutey ga bhai tute ga
good morning,seniors..
Dr sir ,
u r pushing it hard with jnsar to tutega hi
regards
Good Morning Family
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?
@DR sir,
Kindly update on Copper.
DR sir,
Can u make my chart setting??
Nilesh
Ask Parminder Now he is copper Expert
Parminder Ji wat was coppers call Yesterday?
Prithvi
Plz ping me
@DR ji
Start the day with morning prayer?
"Hey bhagwan agle janam mein mujhe Robert Vadra jaisi kismat dena"
NF day chart: support of 20DMA is 5659. Middle BB comes to 5655.
Cooldent Mr. 62 :D (Mrs/Mr 62)
Namaste Ilango Sir and JN Family
how to ping you??
Where is your id>
Prithvi
check ur in box and spam folder
or click on my profile u will get my mail ID from there
dEAR SIR
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
DR Sir,
Mail sent you.
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
Dear Rajan Malhotra
Trade Tiger 2.2.0.0 gives 10 years data. you may ask for the same
@ Rajan Malhotra
Sir, I am using 2.2.0, in this version I can see up to 30 days intraday data
@ 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.
New Post being Done.(in a minute)
this hour HA open is 5659.34
AJ
Pitaji Ki Patloon Ka Kya Hua?
http://www.youtube.com/watch?v=EtSCUx7Ab6s
keep eyes open after .25 sec
DR Sir mail sent please check
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