Friday, November 30, 2012

Nifty Pre-Market View.

A=C @ 5869.
A=4531 to 5630=1099 pts
B=5630-4770
C=4770+1099=5869(minimum)
Considering the "Just-turning-up-week TA", more upsides possible. However, there will be corrections along the way which would be opportunities to buy into.
Corrections during this up move from 5548:
1st: 5638 to 5608=30 points (a of 2nd)
2nd: 5643 to 5594=49 points (c of 2nd)
3rd: 5649 to 5623=26 points (sub-wave of 2)
4th: 5711 to 5698=13 points (minute wave of sub-wave of 3)
5th: 5803 to 5789=14 points (minute wave of sub-wave of 3)
What is being left now is sub-wave-4 correction; wave-4 correction; Accordingly you can plan your re-entries as well as holding onto your positions. I'll update these waves as it appears in the coming hours/days. See the weekly chart(Line chart in "JustNifty TA file" ) for alt. EW, other than the "label in EOD post's Lead indicator chart".
Understanding the depth of corrections would reveal, in combination with other technical studies as well as TT colour changes, when a reversal is being attempted.
From the opening hour's high(suspected (iii)rd), sub-wave 4(iv) correction could unfold; since sub-wave 2(ii) was a flat, a zigzag or a triangle could unfold in sub-wave 4(iv) lasting till EOD.
Hence, resistances would be around 5845-60 zone...

60 comments:

Nilesh Patil said...

Good Morning Master & Friends

Bhushan said...

Good Morning Gurudev and friends

Mangoman said...

Hi Ilango,

I am novice. mostly I trade positional and I am bearish on nifty for last many months except in some individual stocks I am bullish.

I can see from above post as per weekly chart you are saying we are about to complete 'B' wave and we may start 'C' down which is expected to go down below 4500 (if I read it correct)

now A=C logic says 5869 (minimum). Now I like to know what is the maximum? If it cross 5869 ( which is likely now), Do we need to rewrite all the wave counts ( weekly A upto 5630 and B down to 4770 all)...

I am not challenging...but I want to align my bearish views and planning to take some positional shorts....

cAn you clarify?

Friends

Others also pitch in..if they have any views


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 : 5852-5871-5890-5910-5929-5948
↓ Support Levels : 5814-5795-5776-5757-5738-5719

✰✰✰ Nifty Spot Swing Numbers ✰✰✰
↑ Resistance Level : 5850
↓ Support Level : 5776

ℐ.ℛ.ℐulius

NEVER GIVE UP said...

Good Morning Ilango Sir & All Friends.

Manish said...

Dear Master,

Blessed to have you as master in this journey to understand Nifty and catching the waves and "TA".

Trying to Breathe "Nifty" since last one year with you.

God Bless you in All Aspects !!!

jay shah said...

gm wonderful sir , seniors and all freinds

Kumar said...

Namaskaaram GuruJi and Friends,

Good Morning.

Have a Good Day.

Pranams
Kumar

saravanan k said...

Good morning Ilango sir & all blogmates.

Rgds
Saravanan

Parimal said...

Namaste Dear Sir and all friends
Have a nice trading day

sushil said...

good morning master and thks for pre-market view

Shradha Saburi said...

good Morning Sir, all the gems of JN
nifty levels updated
http://mahendra-jage.blogspot.in/2012/11/trend-of-nifty-levels-all-in-spot-for_29.html
regds

Yash and Dhan said...

Good Morning Master and dear friends.
Have a great start to this new month.

Bhushan said...

Dear Mangoman,
please check this post also

http://tradeinniftyonly.blogspot.in/2012/02/niftywhere-is-it-headed-follow-it-with.html#comment-form

Dinesh Rishi said...

Good Morning Master and copy to All

Dr. Thanveer Kalantharakath aka Cooldent

Manny Manny Happy Returns of the day

AJIT PATIL said...

Good morning Ilango sir & all blogmates.

mynac said...

GM Everybody,
Dear syamala,
That kind of observation is part N parcel of this business,cause market used to teach us everyday..:)

Now over to this series...

yesterday was the highest roll over day for NF this series (72 lac +) with 5838 VWAP.

Only slightly worried part of this series is total NF well below 2 Cr.,means Bulls will have to start again fresh buying from here onwards,is assumption,to keep the momentum up.5800 PE addition suggests the same nevertheless one should not forget the hidden potential of Hr.data which has always the capacity to transfer it's load on day, week and even on month data..

Bye...

rajapvt said...

Good morning everyone.

@Cooldent: Many Happy Returns Of The Day...

mynac said...

Dear Cooldent,
"Happy Birthday..."

Nilesh Deshpande said...

ATR Based Trading Signal

Buy Zone : From 5794 to 5778.5

Breakdown below : 5775.4

Breakdown target : 5743

Sell Zone : From 5856 to 5871.5

Breakout above : 5874.6

Breakout target : 5929

Prithvi Yashashvi said...

@master,

3rd wave can go maximum now 261.8 or 300% ,so the limit is near 5845 or 5874.
Than can we short or wait for 4th correction to buy??

Prithvi Yashashvi said...

DRsir,

Please guide me how to join JNsar group for download TA file

Please

johnrego said...

Hi llango sir i am new to justnifty

Stockathon said...

Good Morning Ilango Sir & Friends...

Ilango said...

@ Mangoman,

When we calculate min. targets and whenever they are reached without technicals becoming overbought, it would be an indication of more highs to follow.

In the current scenario, week Ta is just turning up. Hence, more highs possibility.

5869 coincides with 73.6% retrace; the next being 80% @ 5977, add a 2% filter, it would be 6014. Bigger bullish moves above "6014".

We have continually maintained for this 5th wave with an approx. target of 5950-75 in all our EOD posts. We'll fine tune them as the prices unfold.

You say....you're a novice; what is your basis for this mega bearishness.

NITIN KADAM said...

Today's Supports & Resistances :->

Support :- 5776--5798
Resistance :- 5852-5930


Current Trend :- UP.

Strategy:-

1. Buy Near Support Area 5776-5798 Or If Crossing Resistance5852 Firmly.

Weak Below 5700

Happy disciplined trading to all.
Have a nice day!

venkatapathy l said...

Namaste Ilango Sir and fellow bloggers

LV

Stockathon said...

@Cooldent

Wish U Many Many Happy Returns of the Day!!!

Dinesh Rishi said...

Prithvi Yashashvi

I think you have to be member of group to download file

Plz send a mail to Group administrator

https://groups.google.com/forum/?fromgroups#!forum/justnifty

Piyush Sharda said...

happy birthday cooldent. :-)

u.k.Raj said...

@Cooldent,
Happy Birthday

Ilango said...

Profit booking from closer to "5869".(5862-73.6%)

HHEma @ 5828/HEma @ 5820.

mynac said...

One may watch action-reaction around 5859 where today's 18.18 lac HVT has taken place.

By N have a nice trading day..

Bhushan said...

Happy Birthday Dear Cooldent :D

Shradha Saburi said...

Many Many happy returns of the day Cooldent!
regds

Suraj said...

Good Morning Ilango Sir and All Seniors & Friends

anmpatel said...

@cooldent
Happy wala Birthday.....
my best wishes is with you.

Dinesh Rishi said...

Birthday Boy

we are waiting for you,

Today you can come in civil dress no uniform

You have to Stand on Stage and we will sing

Haappy Birthday 2 you

amber said...

Sir ILango ji and every one good morning

amber said...

Many Many happy returns of the day Cooldent

Parminder said...

Master ilango and friends,
good morning to all
Regards

Ilango said...

Though Hour TA is nearing OB zone, there are no indications of a reversal yet.

Since there are no -ve div in hour TA, the corrections would be of 26 to 49 points range till then.

anmpatel said...

@DRji
Pranam, its difficult to watch two blog contd for me. so wishing here.

Parminder said...

Hi, Dear Cooldent,
Many Many Happy Returns of the DAY.
HAPPY Birthday

cooldent said...

Thank you so much all of you

cooldent said...

Thank you so much all of you

sandeep said...

jai hind master rishi ji , julius sir n all

Many Many happy returns of the day Cooldent. have great day

Parimal said...

Dear Cooldent
wishing you Happy Birthday
all the best

gauresh59 said...

@ cooldent,

Many Many happy returns of the day.

Happy Birth Day.........

Nilesh said...

@ sir
how to judge -ve div.in hour ta

Parimal said...

My Dear Julius
Good Morning
SBI on a bingo above 200DMA-- a very long term number.

eevra said...

Best Wishes Cooldent.. Big Smile pls...

shr said...

Dear Cooldent,
Wish You A Very Happy Birthday and Many Happy Returns Of The Day.

navtash said...

@ COOLDENT
Happy Birthday !!!!

cooldent said...

Thanks once again

eevra ji for you

http://2.bp.blogspot.com/_gm5BgM9h4CE/SwFndND6-3I/AAAAAAAAAJo/ZMX3DfHMpL8/s1600/Happydent-Palace.jpg

eevra said...

@Cooldent: Thx Dr. I liked it

sreyamasilamanian said...
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