Thursday, November 8, 2012

Nifty Pre-Market View.

Follow the two retracements to weather the "Hourly OB conditions" to cool off while retaining the day TA which will be confirmed by EOD.
There are two possibilities at work now:
A. 1st of 5th done and the 2nd is on which is likely to retrace 50%.
B. Complex 4th wave continues with the "b"/"X" wave done @ 5777 and "c" down towards 5600 & lower towards 5583 is possible.
In both cases, there is a likely downmove unless Nifty stays above day's pivot 5750.
Remember Nifty had closed below WHEma last Friday which means a sell on rises in wk T/f till it closes above it.
Only hope for the bulls is the week closing above WEma & month in Uptrend.

40 comments:

Nilesh Patil said...

Good Morning Master & Friends

NEVER GIVE UP said...

Good Morning Sir & All Friends.

J.R.Julius said...
This comment has been removed by the author.
Bala said...

Good Morning, Ilango Ji

Shradha Saburi said...

सच्चिदानंद श्री सदगुर साईनाथ महाराज की जय
Good Morning Sir and all blogmates
dear blogmates,
I am on this blog since 3 years and in Market since 4 years,During this periods I have studied many SAR but I found JNSAR is the most reliable SAR.
But like any other SAR it has also tendency to get whipsawed and it causes problems for us.So I did little study on it and i found after some levels it turns back towards to the SAR.From today onwards I will post my levels on my blog.These levels will be free and for educational purpose only until Shree Ilango Sir gives JNSAR free and Sai makes me to give you free.

These levels are based on the following rules
1) nifty can not be without JNSAR influence . It always under JNSAR influence.
(like microgravity in space).e.g. hour, day month etc.
2)probability of Nifty turning back towards JNSAR at that particular levels is always more.

Due to my eccentric nature my shift duty I may not be able to update it plz excuse me.
Follow strictly Shree Ilango Sir Instructions.
If anybody finds wrong you are welcome to correct me.I am always student here.
many many regds

Bhushan said...

Good Morning Gurudev and friends

Suraj said...

Good Morning Ilango Sir & seniors

ritesh bhatt said...

gm friendz wish you 'have a beautyful'
tradingday

San said...

Good Morning Ilango Sir and Friends

TATA MOTORS Triangle pattern: CLICK HERE

Manish said...

Goodmorning master and all JN friends

Nifty supports hv been inching up.5575-83 monday 5th 5685-94 tuesday and 5700-5710 wednesday 7th.

Hope Nifty once again bounces from here for 5950 for Diwali.

Hv a Gr***8 Learning and Earning day today.

Crude prices and BN supporting the cause.

Good Luck !!!

Hari said...

Good morning master & JN family

Have a nice day !

Nilesh Patil said...

सच्चिदानंद श्री सदगुर साईनाथ महाराज की जय

AJIT PATIL said...

Good morning Ilango sir & all blogmates.

Parimal said...

Namaste Dear Master and all friends
Have a nice day!
Good Morning My Dear Shradha Saburi!

all was going on quite well on technical lines. ECB issue has resurfaced to spoil the Deepavali mood, it seems.

parminder said...

Master ilango and friends,
Good morning to all
Regards

amber said...

Sir ILango ji every one good morning

Shradha Saburi said...

Good Morning Dear Primal and Nilesh patil
thanks!
yes definitely,If the market has to come down then these are all excuses.All of sudden they see the problems ,It is always good to be with technicals.
regd

Parimal said...

My Dear Shradha Saburi
you are just right. i see the ECB issue only as creating opportunities for both bears and bull at regular intervals. this is happening for sometime now. more than this, we Indians have nothing much to do with ECB.

SANPOT said...

Good Morning Ilango Sir and Blogmates.

saravanan k said...

Good morning Ilango sir & all blogmates

Rgds
Saravanan

DZIRE said...

Namaste Ilango Sir & all members.

ALBELA HOUSE said...

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

Shradha Saburi said...

Dear parimal,
take it other way ECB has given many chances to earn profit at regular interval, every-time new blockbuster movie on Friday.
regd

jay shah said...

gm dear sir , seniors and freinds

Prabakar said...

Namaste Ilango Sir and JN Family

venkatapathy l said...

Namaste Ilango Sir and fellow bloggers

LV

akki_tank007 said...

please view Marc faber on obama and markets

http://bloom.bg/YLNfby

Dinesh Rishi said...

Good Morning Master and copy to All

Yash and Dhan said...

Good Morning Master and all blogmates.
Have a great day.

J.R.Julius said...

Gann Cluster Resistance/Support - Nifty Spot
Resistance Levels : 5728-5747-5766-5785-5804
Support Levels : 5690-5671-5652-5634-5615

suresh said...

julius ji,
GM, how to calc gann cluster R/S
thanks

J.R.Julius said...

Camarilla - Nifty Spot
Noe@Scenario 3
L3@5742[BUY ZONE]
L4@5724[SELL ZONE]

Ilango said...

"Bouncing off" pre-Mkt's 5694-5705.

Do the retrace for 5777 to 5694 or 5706 & sell with small SL.

5733/5742/5750 are 38%, 50% & 61.8% with 5763 as 80% for 5777 to 5706 retrace.

J.R.Julius said...

@Mr.Suresh,
Gann Cluster levels can be calculated with 22.5° for Intraday, 45° for swing trading & 90° for medium term investment. Whatever the strategy we follow using cluster res/sup created with Gann or Murrey Math or Fibonacci or fiexed fraction ratio using ATR always gives some clear map.

Shradha Saburi said...


TREND OF NIFTY LEVELS ALL IN SPOT FOR 8 NOV 12
JNSAR DAY MAX 5728
DAY JNSAR 5675
JNSAR DAY LOW 5620
VOLATILITY STOP LOSS 5660

WEEKLY JNSAR MAX 5770 -5780
WEEK JNSAR 5644
WEEK JNSAR LOW 5000-5510
NIFTY CLOSED TODAY ABOVE DAY JNSAR INFLUENTIAL AREA ..UPTREND
BUT NEAR WEEK JNSAR MAX INFLUENTIAL AREA सावधान मित्रा !!!!!

Posted by Shradha Saburi at 05:33 No comments:
clinging to 5728
regd

Tejpreet Singh Chadha said...

Thanks Ilango ji for the update.

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