Wednesday, November 7, 2012

Nifty Pre-Market View.

Markets prefer to "celebrate" than to be in "uncertainty".
Markets discount "hopes & despair" but can not digest "doubt, suspicion".
Weakness would be evident breaking below 50% of the last rise from 5696, presently @ 5712.
Two key supports in ST are 5694 & 5683.
Also a close below "DHEma/ Pivot" would be the first sign of weakness.
"5755" was the high made after the initial fall from 5815 to 5706.
Only a decisive move above 5755 could be considered as a firm break-out.(Presently tentative)
The moment market senses "decisiveness", it will forge ahead; and any prolonged uncertainty will be dealt with promptly.

59 comments:

Bhushan said...

Good Morning Gurudev and friends

Nilesh Patil said...

Good Morning Master & Friends

Manish said...

Goodmorning master and all JN friends

Wishing you a Good Learning and Earning session under the Guidance of Master.

Good Luck !!!

Bala said...

Good Morning, Ilango Ji

San said...

Good Morning Ilango Sir and Friends

BANK Nifty chart analysis: CLICK HERE

AJIT PATIL said...

Good morning Ilango sir & all blogmates.

J.R.Julius said...

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

Hari said...

Good morning master & JN family

Have a nice day !

jay shah said...

gm dear wonderful sir ,seniors and freinds

saravanan k said...

Good morning ilango sir & all blogmates
Rgds
Saravanan

amber said...

Sir ILango ji and every one good morning

Prabakar said...

Namaste Ilango Sir and JN Family

DZIRE said...

Namaste Ilango Sir & all members.

Yash and Dhan said...

Namaste Sir and dear blogmates.

Suraj said...

Good Morning Ilango Sir & Seniors

venkatapathy l said...

Namaste Ilango Sir and fellow bloggers

LV

Shradha Saburi said...

Good Morning Sir, and all the gems of JN
wish you all happy learning day!

NEVER GIVE UP said...

Good Morning Sir & All Friends.

Ilango said...

Considering the "uncertainity", sell at the open and watch the holding/ breaking of key supports @ 21 & 34 Hr smas.

Nilesh Deshpande said...

ATR Based Trading Signals at the start of trade

Buy Zone : From 5697.4 to 5683.9

Breakdown below : 5681.2

Breakdown target : 5637.6

Sell Zone : From 5751.4 to 5764.9

Breakout above : 5767.6

Breakout target : 5799.6

sudharsan said...

Good Morning Master & Friends @ Master Can we Consider taking a conservative Sell due to Uncertainity???

anmpatel said...

good morning master and all friends

when is the US election result at our IST?

thanks.

Shradha Saburi said...

Good Morning ANMPatel ji

ALBELA HOUSE said...

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

Dinesh Rishi said...

Good Morning Master and copy to All

J.R.Julius said...

Camarilla Key Levels -Nifty Spot
H4 5745[BUYZONE]
H3 5735[SELLZONE]
L3 5714[BUYZONE]
L4 5704[SELLZONE]

Gann Cluster Resistance/Support - Nifty Spot
Resistance Levels : 5738-5756-5775-5794-5815
Support Levels : 5700-5681-5662-5643-5624

mynac said...

In first 15 minutes of trading,Nifty trading below it's HVT 5728.05

Prabakar said...

Good Morning Mynac

Prabakar said...

Good Morning DR Sir

Prabakar said...

Dear Mynac,

But not much price movements visible is puts. is it not too early to decide? kind of cat on wall..

Prabakar said...

oops. already moved up....

Ilango said...

@ Pre-Market's res. @ 5635-50.

Jeetendra Mistry said...

Obama leading 244 vs 193
http://indiatoday.intoday.in/story/us-presidential-elections-2012-barack-obama-mitt-romney-live-blog/1/227917.html

Ilango said...

BN moves past 11600.

A clear winner is "closeby".

Market surges up as the "gap widens".

shriram said...

Morning Master & JN Family,

impulsing upwards looks like.. Dalal St bulls rooting for Obama ;-)

mynac said...

Dear Prabakar,
As the news came from U.S.Nifty shrugs off :)
Only the slightly worried part,if there is any then it's higher and shorter time frame condition "closer to over bought zone."
If there is any big jump in form of points there then it would nullify that effect for a while,is assumption..

Prabakar said...

Need to see how NS behaves at 5744-5752 range.

Swami Shivkumaar said...

Dear Sir, will it be a good idea to add long positions if nifty stays above 5755.Pl suggest
Regards

Sivakumar S

sandeep bhoite said...

OBAMA WIN :) Lets c how market react to this

anmpatel said...

@jitendrabhai
good news!!

anmpatel said...

buy the rumor and sell the news??? is that this kind of plot???

Ilango said...

"Obama" takes out "270".

Ilango said...

@ Swami Shivkumaar ,

Keeping 5696 as the starting point of this current rise, buy into "retracements" of 38%-50%.

For eg:

5696 to current high of 5744,

38% @ 5726
50% @ 5720.

& keep 61.8% 5714 as SL.

Swami Shivkumaar said...

Dear Sir, Thank you very much.. Regards

mynac said...

Dear anm,
Everybody has his own thought...like ..."The news already has factored in price.."so not mush significant movement from hereafter"

Ilango said...

The "Uncertainty" is out of the way.

"Celebratory" mood has set in.

Once again, Technicals have rewarded.

Dinesh Rishi said...

http://www.youtube.com/watch?v=kKXR6ZZ1LU0&feature=related

anmpatel said...

now need to cross 80% of 5583-5815. 5569. thodi si lift karado.....

anmpatel said...

@mynac
yep. it just a logic. i follow only technicals. me long since from 1st Nov. what i do is part initiate position on HA signal and rest initiation on JNSAR hit.
thanks.

anmpatel said...

sorry typo read 80% at 5769.

rajapvt said...

Longs unwinding in 5700 CE started,,,too early to confirm....

Waquar said...

Ilango ji why was 5755 resistance lvl ?

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