Friday, October 12, 2012

Nifty Pre-Market View.

Nifty found its support @ 5639 and rallied to close above DEma @ 5692.
1st Resistance would be the Wk.pivot/4 day high @ 5752 & the last LH @ 5757.
80% retrace at 5779 is the next hurdle.
There is an alt. view that 5720 may be considered as "3" and the "4"th could be an irregular flat(a=5720 to 5640; b=5640 to 5815 & c=5815-5637) and the current rise could be the "5"th wave of the rise from 5033.

70 comments:

Nilesh Patil said...

Good Morning Master & Friends

Bala said...

Good Morning, Ilango Ji

Arun Kumar Sharma said...

Good Morning Master, all seniors and my friends

raghav setty said...

Good morning master and
seniors and friends.

San said...

Good Morning Ilango Sir and Friends

Tata Steel testing resistance levels: RT CLICK HERE

ALBELA HOUSE said...

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

Bhushan said...

Good Morning Gurudev and friends

Smita said...

Good Morning Sir and All..
Have a nice day

San said...

INFOSYS Chart Analysis: RT CLICK HERE

SANPOT said...

Good Morning Ilango Sir and Blogmates.

Manish said...

Goodmorning master and all JN friends

Infosys results in few minutes
IIP at 11 am
DCB results and HDFC Bank results at 5PM

Have a Great Learning and Earning session today.

Good Luck !!!

INDIAN AUTOMOBILE INDUSTRY said...
This comment has been removed by the author.
sudharsan said...

Good Morning Master and Friends

saravanan k said...

Good Morning Ilango Sir & all Blogmates.

Rgds
Saravanan

AJIT PATIL said...

Good Morning Ilango Sir & all Blogmates.

parminder said...

master ilango and friends,
good morning to all
Regards

Varadarajulu Venkatesan said...

Good Morning Master and JN Mates

Have a Wealthy Trading Day.

Parimal said...

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

jay shah said...

good morning dear Ilango Sir , all my seniors and dear freinds of the blog

srsexpert said...

Sir
one doubt, u reversed the position @ 5714 but close is @ 5708.its confusing ,pls clarify sir
thanks in advance

Parimal said...

Trade Tiger of Sharekhan is showing yesterday's close of Nifty (spot) at 5718, whereas others showing 5708.

DZIRE said...

Namaste Ilango sir & all members.

Stockathon said...

Good Morning Ilango Sir & Friends...

anmpatel said...

HA open for today is 5687.14
and
INFY disappoint the street(CNBC-18)

Hari_Indian said...

Good morning master & JN family

Have a nice day !

magna said...

hi,
infosys result please .

amber said...

Sir Ilango ji good morning

Smita said...

Sir we open below 5694 at 5681

rajapvt said...

Good morning everyone

Sourav Kundu said...

Infosys Q2 net profit up 3.5% to Rs 2369 cr

A J said...

Infy CFO bala to resign!

Pankaj said...

@Parimal and SRS Expert, the NS price at 3:30 was 5718 but as you know while one can not enter any new trades after 3:30 but Nifty exchange keeps on settling already enterd orders so the daily close is 5708 but intraday NS price at 3:30 is 5718.

Suraj said...

Good Morning Ilango Sir & JN Friends

Sourav Kundu said...

Friends,
Chota muuh badi baat... pehle se hi maafi.

I am seeing a lot of our friends who are asking Ilango sir... what should we do now... should we go long or should we go short... Nifty closed here but then JNSAR had triggered etc etc.

Believe me, even I had such questions. But lets try to take up a trade based on what we have learnt and then see what happens... keep a small trade logbook and mention why a trade was taken and what is the stoploss for the same... and at the end of the day update your logbook.

Experience will teach you what you should or should not do. Rest it all depends on our willingness to be flexible enough to learn.

Best of everything!

Parimal said...

As usual Infy takes the beating on result day

SAM said...

5679 is 50% of retracement of current rise ..

Waquar said...

ILango ji,

Can you plz post a writeup on the Infy trade,if you saw any weakness in the charts, it had closed above 5DEMA..

Sweta said...

Resp Sir,
As per SAR trade, sell trigger. Now at which level we can reverse our position or appropriate SL?

satheesh said...

Namaste Ilango sir and all,

NIFTY WEEK CHART:
CLICK HERE

NIFTY DAY CHART:
CLICK HERE

NIFTY HOUR CHART:
CLICK HERE

Sujatha said...

GM SIR and friends :)

IIP/INFY/HDFC - who's gng to marry Nifty and move up further??? shhhhhh

action packed day " W W F" May God bless Amitabhji

PS : lot of shorts in INFY/NIFTY..chotta short covering is enough ..a small wishful think..mm will it come???

Prabakar said...

Namaste Ilango Sir and JN Family

Saurabh said...

Ilango Sir.. I think most of the people including me are confused about what could be done in the case that happened yesterday.. JNSAR triggered but we closed below the level.. and today opened gap down.. shall we have at all taken the long in the first place & if yes then shall we reverse it today morning since we are well below the JNSAR level.. please guide sir..

anmpatel said...

initial high volume trade at 5680.

rajapvt said...

INFY Target achieved as per rounding top... Great prediction Guruji.

Pankaj said...

Over 3 Lakhs 5700CEs added in terms of Open interest. A change in bullish stance for the time being.

Karkisidd said...

@Prabakar sir,
Infy Again? S/W overall senti is getting bad to worse

Nilesh Patil said...

@Master,
Mail Sent. Kindly reply when time permits.

srsexpert said...

Thanks pankaj for ur reply

Bala said...

@Saurabh

You have to follow the rules...20 points to reverse. If gap down or up, find suitable levels as per TT to reverse. However, when EOD price not able to close above JNSAR level or even the developing JNSAR level, especially having a day ahead with full of events, you have to use your discretion whether to take the trade or not, at the first place.Just my few cents.

rajapvt said...

Ooops, people writing puts and calls (5700), eating premium????

Prabakar said...

@karkisidd,

:) yes. But Banks may come to rescue is the feeling. Need to wait till EOD

anmpatel said...

@myac
good morning..
kuch laye ho...

rajapvt said...

Options players, play safe, exit as soon as you get some profit, don't hold much.

anmpatel said...

hovering around pivot.
in such a news day wait for ORB is safe.
resisting at 5DEMA.

shriram said...

Morning JN family!

Bulls need to maintain close > WkHiEMA > 5698 (which is also the 5DEMA)

Markets are still stable despite the 7$% Infy cut. If Infy can hold 2310-2330, this whole setup can play into the hands of Bulls as banks /metals look good

Bears will rejoice if we close below 5698

mynac said...

GM dear anm patel & Prabakar...
nothing special...

anmpatel said...

ORB break upside..but NF did not made new high...selling at higher level?

just hit JNSAR (chhoti si aasha)

Parimal said...

BN witnessing multiple high volume trades.
CNX Midcap gains 60 points --7973.
RIL facing ST resistance at 822 (34hrsma.

NEVER GIVE UP said...

Good Morning Sir & All Friends.

Pankaj said...

Go short from here for a target of 5585 around. Stop loss at 5705

satheesh said...

Option experts please reply:

5700 Call OI increased by 11.43% and 5700 Put OI decreased by 2.5% - INFERENCE????

Pankaj said...

@Satheesh, the inference is - its short term bearish.

anmpatel said...

@DR
your BN helping nifty, firmly trading above DRSAR.
thanks.

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