Monday, October 29, 2012

Nifty Pre-Market View.

"5604"-MHEma, the number Nifty/market would be obsessed with as a close above 5604 on 31st Oct would bring in "Monthly upward momentum".
Nifty is yet to reach the 38% retrace mark @ 5587, a slow fall towards it could adjust the ST technicals for a reversal. Hence, we watch the current fall with time factor as a critical input to understand the market.
For the day, there are resistances in the zone of 5687 onwards till 80% @ 5704- home to 5DEma, 21 & 34Hr smas, JNSAR, DHEma, 61.8% retrace of the current fall from 5719.
The supports would be in the region of 5634-37(recent lows) to 5613(34DEma).
Nilesh Patil's Input: I found that many of the JNSAR Traders may not get proper reentry with your premarket view or they are hesitant to take a reentry with 2nd lot. For those traders/ learners, I found one simple method to get reentry with JNSAR 2nd lot. When you are in the position of JNSAR & 1st lot booked, to initiate 2nd lot reentry, do settings 21ema and 34ema on 5 min. time-frame. When EMA's gives cross to downward then wait to give candle close below the 21,34. Take the trade in short. SL is above 21,34 ema close candle of swing high. For buy position, vice versa. This gives the trader a good reentry point with proper SL. of 10-15 points and thus he/she can get confidence on taking reentry on JNSAR.
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Harsh words are sure poison that spoils life. People's skills are sure highways to success. .. .

50 comments:

San said...

Good Morning Ilango Sir and Friends

NIFTY Chart Analysis: RT CLICK HERE

ALBELA HOUSE said...

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

DZIRE said...

Namaste Ilango Sir & all members.

Nilesh Patil said...

Good Morning Master & Friends

anmpatel said...

Good Morning Master and all friends
Today's HA Open value is 5684.61

J.R.Julius said...
This comment has been removed by the author.
AJIT PATIL said...

good morning master and blogmates.

J.R.Julius said...

Daily Chart Swing from 5215-5815 Not Retracted Much. Resisted@5725 after taking support 5633.

Healthy Retracements:
5586-5516-5445

80% Mark @ 5336

Yash and Dhan said...

Good morning Sir and dear friends.
Have a great week ahead.

Just Trade said...

GM Ilango sir and ALL

Have a good trading day.

Regards

Suresh

NEVER GIVE UP said...

Good Morning Sir& All Friends.

jay shah said...

good morning wonderful sir , all my seniors and freinds of the blog, happy trading to everyone and God bless

saravanan k said...

Good morning Ilango sir & all blogmates.

Rgds
Saravanan

akki_tank007 said...

Good morning everybody
wish u all a great trading day

amber said...

Sir Ilango ji and every one good morning

Suraj said...

Good Morning Ilango Sir & JN Mates

eevra said...

@akki: GM. Where is your SAR calc ?

venkatapathy l said...

Namaste Ilango Sir and fellow bloggers

LV

Hari said...

Good morning master & JN Family

Have a nice day !

Dinesh Rishi said...

Good Morning Master and copy to All

I will be absent today, going out of town.

akki_tank007 said...

@eevra help me out wit ur id i will mail it to u

Jiignesh said...

Thank you sir for simple method for JNSAR traders for re entry.

eevra said...

hi akki: eev@thangam.cjb.net

Prabakar said...

Namaste Ilango Sir and JN Family

suresh said...

akki ji,
please mail me also.SAR calc.
thanks

J.R.Julius said...

@Mr.Nilesh Patil,
Useful Input Sir.

akki_tank007 said...

@eevra i have mailed it to you

Prabakar said...

Intra NF Cam H4 @ 5727.90. If NF moves above & Sustains then 5737 & 5747 possible.

If downtrend(sell on rises) continues, then may go short from here with SL of 5737/47.

akki_tank007 said...

@suresh help me with your ID

suresh said...

snkotwani@gmail.com

Anil said...

Dear DR,

Yeh lo, yeh kya baat hui,Bulls chuutti pe ja rahe hai,ab rally kaha se aayegi..!!

akki_tank007 said...

@Suresh i have mailed it to u

deemis said...

@akki_tank007
Sir
plz mail me too.
my id is
deemish@ibibo.com

parminder said...

Master ilango and friends,
Good morning to all
Regards
☺☺☺☺

NEVER GIVE UP said...

5 waves completed at 5698 from the low of 5642 on 5 minutes chart.

anmpatel said...

@Nilesh ji
for intraday 5min chart which chart will useful? google? or
http://niftyrtcharts.blogspot.in/

because in google nifty above 21EMA while on other it is resisted at 21EMA. thanks.

Prabha Gopalkrishna said...

Good Morning Master and Seniors.

jayesh patwa said...

@ akki_tank007,

also mail me at : jayeshhpatwa@gmail.com

Nilesh Patil said...

@ anpatelji,
I use google finance and Trade Tiger both.

akki_tank007 said...

@deemis i have mailed it to u

cooldent said...

Nilesh Sir

Could u pls explain this to my bird brain

SL is above 21,34 ema close candle of swing high

Atharva said...

Seniors/Dear blog mates pls check HNS in infy trading @ Nl 2310..Kindly confirm is it valid pattern??

anmpatel said...

thank you Nilesh ji,
i am not day trader but found difference so asked.

akki_tank007 said...

@jayesh patwa mailed it to u as well

if any one else needs it i have shared it in th JN group under the post SAR CALCULATOR

Please download it from there

Nilesh Patil said...

@Cooldent sir,
I will send you chart

deemis said...

@akki_tank007
thanx sir

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