Friday, November 23, 2012

Nifty Pre-Market View.

"5643"-WEma is the critical number for the day.
Resistances would be around 5661... and this 2nd attempt would be with overbought hour TA.
A pause/ pull back from the resistances is likely. It is the nature of the pull back and the ability to hold
5602-5614 would be critical to this "suspected reversal".
"5634-41-51"-earlier support zone during the initial fall from 5815 is acting as a resistance now.
Ability of the market to force itself through it and thus changing it to support again would alter the ST scenario firmly in favour of bulls.
Nifty has 2 unfinished agenda for bulls:
23rd (Today's) Close.... above/ below 5643;
and 30th Close....above/ below 5661;
Until then, stay alert.

46 comments:

NEVER GIVE UP said...

Good Morning Ilango Sir & All Friends.

San said...

Good Morning Ilango Sir and Friends

Bank nifty Analysis: CLICK HERE

navtash said...

gm ilango sir,
you had shown that the JNSAR trade at 5622 NS , where as the JNSAR for 22-nov was 5636NS , pl clarify why the Trade shown is with next day (23-11-2012) JNSAR 5622NS.and what was the time for that trade
pl explain as i had done a trade while the market was going up at 5636NS and the with SL of 20 points, which made it whipsaw loss of 25 points on NF

pl explain as it would be helpful to others also
Thanks

Bhushan said...

Good morning Gurudev and friends

J.R.Julius said...

Good Morning Master Mr.Illango, Master Mr.Dinesh Rishi & Blogmates. Have a Happy & Prosperous Day. ♥

⚜⚜⚜ Nifty Spot Scalp Numbers ⚜⚜⚜
↑ Resistance Levels : 5644-5663-5682-5701-5719-5738
↓ Support Levels : 5607-5588-5569-5550-5532-5513

⚜⚜⚜ Nifty Spot Swing Numbers ⚜⚜⚜
↑ Resistance Level : 5650
↓ Support Level : 5600

Bala said...

Good Morning, Ilango Ji

Shradha Saburi said...

Good Morning Sir and all the Gems of JN
nifty levels are updated
http://mahendra-jage.blogspot.in
regds

Nilesh Patil said...

Good Morning Master & Friends

Shradha Saburi said...

Sir,
Nifty TA file is not sent for 23 Nov
Many Many regards
shradha saburi

ALBELA HOUSE said...

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

Dinesh Rishi said...

Good Morning Master and copy to All

Michchhami Dukkadam

Namah Arihantanam
Namah Siddhhanam
Namah Ayariyanam
Namah Uvjhayanam
Namah Loye Savva Saahunam
Aiso Panch Namahkkaro, Savva Paav Panasano I
Manglanancha Savvesim, Padhmam Havei Mangalam II

Suraj said...

Good Morning Ilango Sir & Seniors

Jagan said...

Namaste Ilango Sir And All.

gauresh59 said...

Namaste ilango Sir and Friends,

Today’s quote received :

Why to Cry and become Dry…???

Eyes are not meant for Tears...
Heart is not meant for Fear...
Never get upset but always Cheer....
Because you are the one who can make people smile for years...!!!

saravanan k said...

Good morning Ilango sir & all blogmates

Rgds
Saravanan

Parimal said...

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

Ilango said...

@ navtash,

I was supposed to show a trade @ 5615NF(5610NS) as suggested in the Pre-market as well as the follow up comments.

Understand that Nifty was expected to meet with resistances around 5636 as per Pre-market - hence no JNSAR trade done despite a 2 point breach.

Subsequently, it was suggested two retracements @ work which worked out to 5603-5611 and Nifty made a low of 5608....that is the correct entry.

Mechanical trading is fine in the "Beginner's stage"; one needs to improve on it without ignoring the main priniciple of it.

SANPOT said...

Good Morning Ilango Sir and Blogmates.

amber said...

Sir ILango ji and every one good morning

deepak pinto said...

Sir
In the last 2 days a five way move in of textbook proportion of fib retracements of time and price and following every rule in the book giving rise to a perfect 5 wave has formed from 5548 to 5643.
given that we have just finished a bigger five wave down which would have finished the c part of the correction of 4th wave.
hence this 5 which has triggered the Jnsar may be foreboding the advent of the much awaited 5 up.
This view necessitates longs to be collected on dips.
with sl of 5582

Nilesh Deshpande said...

ATR Based Trading Signal

Buy Zone : From 5599.25 to 5585

Breakdown below : 5582.15

Breakdown target : 5552.25

Sell Zone : From 5656.25 to 5670.5

Breakout above : 5673.35

Breakout target : 5718.6

Shradha Saburi said...


friends
Can anybody send me hour data of Nifty for 22 Nov
before 10 :00 AM?
regds

Parminder said...

Master ilango and friends
Good morning to all
Regards
☺☺

SAM said...

@ Dr

Navkar mantra :)

Piyush Sharda said...

sir,

what is significance of 5602 in premarket view. 5614 is 80% retrace of 5614-5643 as i understand

Parimal said...

My Dear Shradha Saburi
pleasure to send you the data but where to ?

deepak pinto said...

Sir
after ur reply on fibs a little study by me on the 5 from 5548 to 5543
1.if this move is taken as 100 then the wave 1 from 5548 to 5582 is exactly 38.2
2. the wave 5 from the top till 5608 s exactly 38.2!
3. from the start of 5548 to the end of 4 at 5608 if considered as 100 then end of 5643 comes exactly at 1.618 at 5643!
4. if 5582 to 5561 is 2 and 5620 to 5608 is 4(irregular flat) then wave 4 is exctly 61.8 of 2
5. wave 3 from 5561 to 5620 is 1.618 of wave 1
6. wave 5 is exactly 100 % of wave 1

picture perfect 5 wave up move as far as fib is concerned!!

cooldent said...

SS

no e mail address in profile

cooldent said...

5,628.55 5,638.20 5,621.60 5,631.55
5,631.50 5,632.95 5,614.30 5,620.25
5,620.05 5,623.70 5,611.70 5,618.95
5,618.90 5,631.10 5,608.45 5,623.20
5,623.50 5,638.75 5,622.55 5,633.10
5,633.15 5,643.15 5,627.25 5,633.05
5,632.90 5,634.05 5,622.90 5,627.75

jay shah said...

gm dear sir , seniors and all blog freinds

sandeep said...

jai hind master rishi ji , julius sir n all

jay shah said...

wow dear DRji im a jain great to hear you writing the navkar mantra many thanks

Shradha Saburi said...

@ cooldent
test mail sent
regds

AJIT PATIL said...

Good Morning Ilango Sir and Blogmates.

Shradha Saburi said...

@Dear Parimal
mail sent
regds

jay shah said...

dear sir in yesterday evenings post in the day and slow macd chart at 5548 low the slow macd is below zero so is this nunber now very crucial and can it turn the uptrend down if it breaks 5548 decisively again? many thanks dear sir

venkatapathy l said...

Namaste Ilango Sir and fellow bloggers

LV

DZIRE said...

Namaste Ilango Sir & all members.

mynac said...

GM Everybody,
Without NF O.I.addition it wont be an easy task for sellers to drag Nifty down below 5600when it is trading above JNSAR and with good addition in 5600 PE since last 3 days.

mynac said...

almost equal addition of O.I.in 5600 PE and 5700 CE since morning...Only the difference is there that addition for PE is closer to top of day and viceversa for CE..

dys said...

@ Piyush Sarada

5602 is 21hr SMA,

hbk said...

GM Master, dinesh sir & all blogmates.....
@DINESH sir listen to navkaar mantra http://www.youtube.com/watch?v=kdpsA_aIKjc&feature=related

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