Tuesday, October 30, 2012

Nifty Pre-Market View.

Nifty continues to be on "Sell on rises", closing below HEmas.
Seeking a reliable support continues. Thus far, no support has provided the impetus to take out the previous high-5722.
Below 5645-26DEma, 5616-34DEma would be a support followed by 5604-06.
Resistances @ 5688-5704.
Complex correction continues within the narrow range, taking up the crucial time. Patience.

34 comments:

suresh said...

sir ji,
good morning

Nilesh Patil said...

Good Morning Master & Friends

Arun Kumar Sharma said...

Good morning llango sir and all seniors,

Bala said...

Good Morning, Ilango Ji

Bhushan said...

Good Morning Gurudev and friends

dev raj said...

Good morning everyone.....

Suraj said...

Good Morning Ilango Sir & JN Mates

ALBELA HOUSE said...

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

Manish said...

Dear master and all JN friends

What a pre-market view ? only master can give you such kind of clarity on this correction with supports and resistances.

Jiyo master.

Manish said...

DR Ji and Kumar sir pranam

How is your father now Kumar sir ?

Manish said...

@ Master

Could u elaborate BN making LL and LH with time correction?

What are the resistances and supports ?

deepak pinto said...

Sir
NW price perspective

large 5 wave impulse move has played out from 5215-17 to 5815.

correction of ABC zz is playing oou
of which A= 5815 to 5637 -complexity 2 - ZIGZAG
B= 5637 to 5719 -complexity 2 - FLAT
subwave a= 5637 to 5725 -complexity 1 -zz
subwave b= 5725 to 5634 -complexity 1 -t
subwace c= 5634 to 5719 -complexity 1 -ct

Now C has started playing out from 5719. since A was a zz and B was a flat which retraced 50% a C playing out must complete a ZZ or a complex polywave

Time perspective
as B has taken 2.618 of A
C=A or =A+B/2

conclusion
atleast 4 days of correction
correction target 5540

AJIT PATIL said...

good morning master and blogmates.

NEVER GIVE UP said...

Good Morning Sir & All Friends.

saravanan k said...

Good morning Ilango sir & all blogmates

Rgds
Saravanan

Varadarajulu Venkatesan said...

Good Morning Master and JN Mates

Happy Wealthy Trading Day.

J.R.Julius said...

Good Morning Master Mr.Illango, Master Mr.Dinesh Rishi & Blog Mates.

RBI meeting Today.

Still Inside the Range 5725-5633!

SELL on Rise.
H4@5695[5700 BUY ZONE - Breakout]
H3@5680[SELL ZONE]
L4@5636[SELL ZONE - Breakout]

L3@5651[BUY ZONE - Retrace]
(L3 BUY SIGNAL should be confirmed Technically).

Personal Decision Advised.

parminder said...

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

amber said...

Sir Ilango ji and every one good morning

anmpatel said...

Good morning master and friends
Today HA open value is 5676.58

Hari said...

Good morning master & JN family

Have a nice day !

jay shah said...

gm dear sir , seniors and freinds dear kumarji wishing ur father a speedy recovery . God bless

Yash and Dhan said...

Good morning master and all seniors.

parminder said...

Today open low same

DZIRE said...

Namaste Ilango Sir & all members.

Shradha Saburi said...

Good morning Sir and all the Gems of JN
wish you all happy trading day!

SANPOT said...

Good Morning Ilango Sir and Blogmates.

shriram said...

GM JN family,

For EW folk, notwithstanding wot Mr. Prechter has said about 2sub-motives in an impulse being extended as "rare"

the following simple possibility begs to be considered!

if looking simply @ the move from 4770

C.1 almost = C.3 , and if this corrective is C.4 restricting to say 5634, then C.5 can unfurl , tgting 0.618 x C.1 (which will gives an Impulse with extended waves 1 &3, and a short wave5)

The lables will look thus:-

C.1 4770 5349 -579
C.2 5349 5216 133 -23.0%
C.3 5216 5815 -599 103.5%
C.4 5815 5634 181 -30.2%
C.5 5634 5992 -358 61.8%

Will it happen ? Lets wait & see :-)

Arun Kumar Sharma said...

Today. R B I meet what time?

parminder said...

RBI policy at 11 am today

Parimal said...

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

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