Monday, November 19, 2012

Nifty Pre-Market View.

There are two possibilities:
An "abc" correction from 5777 to 5560 is done.
A "123" correction over & the 4 th is commencing.
Weekly suggests the latter while keeping a deeper corrective possibility.
Breach of 5449 could be considered bearish; having commenced the next phase of the correction that started from 6339.
Current corrective, being viewed as the 4th wave, ideally should breach the trendline connecting 4770, 5033 & 5216 and should resume upmove again.
Trendline comes @ 5550; a breach of 15 - 20 points is tolerable.
Hour TA affected the Day TA;
Day TA has affected the week TA this week;
Next two weeks will have answer to "whether month TA gets affected by the turned-down-week-TA".


San said...

Good Morning Ilango Sir and Friends

Bank Nifty and Nifty updates: CLICK HERE

Bala said...

Good Morning, Ilango Ji

saravanan k said...

Good Morning Ilango Sir & all Blogmates.


J.R.Julius said...
This comment has been removed by the author.
Yash and Dhan said...

Good morning all.
Have a great day

Nilesh Patil said...

Good Morning Master & Friends

mynac said...

GM Everybody..

NF O.I.Hardly @ 1.50 CR.and 5600 CE O.I.@ 45 Lac looks very much interesting @ this moment.

Generally after 250 points fall from recent top,it favors Buyers from trading point of view...Nevertheless,considering 5545 as strong monthly support and 5595 as strong weekly resistance,O.I.addition for NF & 5600 CE in-between these two points would be very much interesting to watch.

Addition closer to 5595 would have hidden potential to drag Nifty below 5545 in coming days is one guess & vice versa.

So which stand Bulls are going to take up to expiry..,shall be interesting to watch from here...
Have a nice trading day...


Good Morning All,

Today's Supports & Resistances :-

Support :- 5543 - 5515

Resistance :- 5590 - 5620

Current Trend :- Down.


For Flat to Positive opening :-

If Resisted & Sustaining below 5585-5590 , Go Short With Small SL.

Crossing 5620 is bullish.

Longs Only Above 5660.

For Flat to Negative opening :-

Break below 5559( Friday's Low ) or 5543 is bearish.

Go Short Below 5559-5543 With Small SL.

Possible Movements:-
Bearish :-

1. 5574( Fridays Close ) < = > 5590 < = > 5543 < = > 5515 < = > 5455

2. 5574( Fridays Close ) < = > 5590 < = > 5618< = > 5543 < = > 5515 < = > 5455

Bullish :-
1. 5574( Fridays Close ) < = > 5590 < = > 5618< = > 5660 < = > 5690 < = > 5735

Happy disciplined trading to all.
Have a nice day!

AJIT PATIL said...

Good Morning Ilango Sir & all Blogmates.

Parimal said...

Namaste Dear Sir and all friends
have a nice day

jay shah said...

gm dear ilango sir , seniors and freinds

Jagan said...

Namaste Ilango Sir And All.

venkatapathy l said...

Namaste Ilango Sir and fellow bloggers


Dinesh Rishi said...

Good Morning Master and copy to All

Parminder said...

Master ilango and friends,
Good morning to all


Good Morning Ilango Sir & All Friends.

Shradha Saburi said...

Good Morning Sir and All the Gems of JN

Varadarajulu Venkatesan said...

Good Morning Master and JN Mates

Please post JNSAR-STOCKS for 19th NOV. 2012 and BN'S TT.

Thanks and Regards

Fire said...

Euro-USD & USD-INR possibilities

- Link

Dinesh Rishi said...


ur cell No. Switched off?

shriram said...

Morning Master & JN family,

Bullish only EOD > 5640 or 48 (Golden Ratio)...

counter-trend guys can go long as close to 5550 , wid SL @ 5527, and pray for the C.5 to unfurl

have a gr8 trading day, cheers!

Ilango said...

The fall from 5650 would get completed around 5545-50, Day Channel support.

Any fall below 5545 would change the set up for deeper correction.

Shradha Saburi said...

taken counter trend small trade for intraday
stl 5545

Parimal said...

BN hurtling down: taking all along.
On day chart of NF, 5DEMA is giving a negative crossover to 50DMA. some more points down, 10DMA will give negative crossover to 20DMA.

Parimal said...

CAG restriction on RIL's further exploration at KGBasin is telling a dampening effect on RIL counter.
CNX MIDCAP Index is assisting a further slide.

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