Friday, October 19, 2012

Nifty Pre-Market View.

Nifty has positioned itself with a completion of 5 sub-waves from 5634 to 5722(If +ve cues, could make a bit more high).
Week: "Sell on rises" till closing above WHEma.
Day: Just reversed to "Uptrend", needing a follow up.
Bull: A retrace to "5668-89" zone and set the stage for another upmove-a keen tussle for 5700CE/PE writers.
Bear: Corrective "b" wave, a complex one is completed and "c" down could commence to retest 5635 or lower.
Technicals are presently poised "UP"; Follow them up through the day; Struggle would be for the crucial "HEmas".

54 comments:

Bala said...

Good morning, Ilango ji

ALBELA HOUSE said...

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

vksoni said...

Good morning sir,
conservative table is tomorrow's.

Bhushan said...

Good morning Gurudev and friends

gauresh59 said...

Namaste ilango sir,

it seems by mistake you have put yesterday's trade table .....

please do needful to correct it....

Manish said...

Goodmorning Master DR Ji and all JN friends

Wishing you all a Great Learning and Earning session today.

Good Luck !!!

SJkolkata said...

Master,
U have not posted yesterday's trade in the trade table.
Have u not stopped and reversed above JNSAR.
Cause I always find ur trades in the direction of JNSAR but table shows u still holding shorts.
Regards and Thanks,

Parimal said...

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

SANPOT said...

Good Morning Ilango Sir and Bogmates.

Nilesh Patil said...

Good Morning Master & Friends

Dr Dinesh said...

Gud Day Master n frnds.

Yash and Dhan said...

Good morning Master and dear blog-mates.

amber said...

Sir Ilango ji and every one good morning

sudharsan said...

Good Morning Master and Friends

suresh said...

sir ji,
what could be tgts when price
is > 5d-hema or < 5d-lema:
5w-hema is < price and 5w-lema is also < price.
thanks

AJIT PATIL said...

Good Morning Ilango Sir and Bogmates.

NEVER GIVE UP said...

Good Morning Sir & All Friends.

parminder said...

Master ilango and friends,
Good morning to all
Master there is difference in values of aggressive trades for today the values are of yesterday
Regards

Hari said...

Good morning master & JN family

Have a nice day !

saravanan k said...

Good morning Ilango sir & all blogmates.

Rgds
Saravanan

Ilango said...

Trade table corrected.

DZIRE said...

Namaste Ilango Sir & all members.

Ilango said...

Aggressive traders may sell at open or any small bounce for the corrective "ii"nd wave.(Which could turn to more corrective too below 5675)

Suraj said...

Good Morning Ilango Sir & JN Friends

satheesh said...

Namaste Ilango Sir and all,

NIFTY WEEK CHART:
CLICK HERE

NIFTY DAY CHART:
CLICK HERE

root said...

Sir
NW perspective
if yesterday is indeed showing the direction of which way the nifty wants to go then this mornings pullback is an opportunity to buy.
if indeed this is wave 1 then its retracement should be shallow till 38.2 to 50% - 5688 ,5678.
and anything below 5666 negates this view.

Prabakar said...

Namaste Ilango Sir and JN Family

I will not be able to update OI today as i will be away from my place.

Have a Nice trading day and Happy weekend.

jay shah said...

gm dear sir , seniors and freinds

Debdeep said...

Good morning Ilango Sir and friends. Sir one clarification required. 5683 is JNSAR for today right ?

root said...

From the time perspective if this is wave 5 then it should atleast equal wave 5 and the presumed preceeding correction becomes wave 4 which was of significant complexity compared to wave 2 we should have wave 5 atleast taking 3 and 1/2 days till wednesday next week and we should see 5791 atleast
so inconclusion
as per NW
bull at pullback till 5791 minimum
view negated below 5667(sir's premarket bull stop)

Pankaj said...

@root, what is NW?

Prithvi Yashashvi said...

Today is for operator's day,

and i think it comes down.

Jalagamvenkat said...

Namaste Ilango Sir and JN Family

root said...

NW = NEOWAVE of GRANDMASTER NEELY

(i would consider myself blessed if he considers me as his student) .

sushil said...

good morning master and blogmates

Dr Dinesh said...

@Master

Pls do check the date in the Daily TA. TanX

Pankaj said...

@root, thanks! Is there a link from where his book can be downloaded. I searched but I could find only 2 chapters in it.

prakashbkc said...

GM Master , seniors & blogmates

My wish

If Master reveal his trade in real time during market hour for one month, my six month Loss neutralise,
If reveal for three month, my one yr loss neutralise,
If reveal for six month, my two yr loss neutralise,
If reveal for one yr, my three yr loss neutralise,
If reveal for two yr, my six yr loss neutralise,
If reveal for two& half yr, then I came into profit.
MILES TO GO

root said...

Dear Pamkaj
masterpieces are not downloaded. M humble suggestion order it online and own a copy. gita quran bible are not to be owned in soft copy but in original hardbound.
my personal opinion

root said...

apologise for mispelling

Lakshmi said...

@ Dr.Dinesh

If you are talking about the Just nifty TA file the link given here is only upto SEptember 17th and the updated TA file link in in Google group.

Regards

Pankaj said...

@Root, OK and thanks! I checked on amazon, there is a Kindle edition available for $55. My eyes are a bit bad and so I do not read printed copies. Computer allows me to enlarge the fonts.

parminder said...

This hour open high same

parminder said...

closing of the hour just on 5HEMA

eevra said...

@prakashbks: You are not alone !!!

Dinesh Rishi said...

Good Morning Master and copy to AlL

prakashbkc said...

I know I m not alone & i also believe I will recover my loss but my time limit donot know.
This blog helping much but being very slow learner not able to capitalise gain.
Thanx Eevra for giving company

eevra said...

@prakashbkc: Stay put here determined.Watch each & every post. Follow religiously. Net is only up !

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