Wednesday, October 17, 2012

Nifty Pre-Market View.

Trend is down in "Day & Hour" with Week in "sell on rise" mode.
Global positive cues could produce such a "rise".
There are 3 possibilities at work.
1st, the simpleat one being a "simple retracing bounce for the 5714 to 5636 fall @ 5675-93" and then the resumption of downtrend. Hence, watch this zone.
2nd, a bit complex with a triangle developing in "b" wave with a resistance around 5705.
3rd, would be more bullish retracement to 61.8% 5747.
Just as 5600PE provided thus far a "double bottom" @ 5736, 5700CE could provide the resistance.
Trading the support & Resistances is the foremost successful trading strategy.

39 comments:

ALBELA HOUSE said...

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

Arun Kumar Sharma said...

llango sir , Good morning
sir, today jnsar is 5691. filter is required to today also ?

Bala said...

Good Morning, Ilango Ji

anmpatel said...

Good morning sir and all friends,
HA update
HA open for today is 5678.62

jay shah said...

gm ilango sir , all my dear seniors and frends of the blog

chetan said...

for dear master/seniors & friends,
http://www.youtube.com/watch?v=cX73IV2b700

cahauhan mufo said...

Goodmornig ilango sir
and blogmates
i having a some problem in posting a comments from my PC
so post this from my mobail
their is something in chorm browser or blooger problem. I dont know
plese help me

Parimal said...

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

parminder said...

Master ilango and friends,
Good morning to all
Regards

sudharsan said...

Good morning Master and Friends

Jagan said...

Namaste Ilango Sir And All.

AJIT PATIL said...

good morning master and blogmates

Ilango said...

@ Arun Kumar Sharma,

Applying the filter, "Whipsaws" have been avoided on 3 days recently.

"Not closing above JNSAR" too has helped to retain JNSAR shorts.

1st & 2nd scenarios stated above could be managed with a "filter only".

amber said...

Sir Ilango ji good morning

SANPOT said...

Good Morning Ilango Sir and Blogmates.

NEVER GIVE UP said...

Good Morning Sir & All Friedns.

DZIRE said...

Namaste Ilango Sir & all members.

Hari said...

Good morning Master & JN family

Have a nice day !

anmpatel said...

regarding HA indicator (HAdiffCO-MovHAdiffCO) posted on our group. have a look.
thanks.

Suraj said...

Good Morning Ilango Sir & JN Family

satheesh said...

Namaste Ilango sir and all,

NIFTY DAY CHART:
CLICK HERE

NIFTY HOUR CHART:
CLICK HERE

Manish said...

Goodmorning master and all JN friends

Great summary as always from master.

Have a great learning and earning session.

Good Luck !!!

anmpatel said...

initial high volume trade is 5680

cahauhan mufo said...

Hi Goodmornig ilango sir
and blogmates
i having a some problem in posting a comments from my PC
so post this from my mobail
their is something in chorm browser or blooger problem. I dont know
plese help me


sushil said...

good morning master and blogmates

Lakshmi216 said...

Is the first scenario mentioned by master in play..need to wait for some more time i guess..

raman perumal said...

Good Morning sir & all blogmates,
My understanding from chart is that we may be in a very short term uptrend and after the uptrend there is definitely a downtrend waiting.
Is it right sir?

Dinesh Rishi said...

Good Morning Master and copy to All

anmpatel said...

@cahauhan mufo
there is no problem with chrome, i am using it. try after deleting cookies and history in your setting.

Lakshmi216 said...

@raman perumal.

Master has explained all the three possibilities mentioned in the chart in his description. Go thorugh it once again for more clarity.

Prabakar said...

Namaste Ilango Sir and JN Family

satheesh said...

Highest Intraday addition till now in 5500 put is above 8.88lacs - does it mean that 5500 - is the next support?

anmpatel said...

@satheesh
agar 5500 support hai to 5600 tutega bhai ....the tgt of yesterday chart c...5584-5536.

Ilango said...

In downtrend(Day), golbal cues have mostly given a selling chances.

Holding the current low & 5651, Nifty could bounce towards another high @ 5688-91 or the 2nd scenario's 5705.

Only a move past 5714 would signal "some" strength.

srsexpert said...

Master and all blogmates
Happy Navrathri and Kaveri Sankramana. If anyone is interested in visiting Talakaveri (holy birth place of river Cauvery) and Madikeri city (known for its own natural beauty)Coorg dist,Karnataka state.please do contact me i will guide u. Also Madikeri is famous for Dashara festival

bb said...

Ilango- how do you see Bharti Airtel charts- please advise.

anmpatel said...

@DR

so jao yaar....thoda nichu jaane do...
(just joking)

did u try that norton link? i found that u can use it for both your PC.
thanks. thodi si zappi lelo..!!!

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