Wednesday, December 12, 2012

Nifty Pre-Market View.

Nifty got supported @ 23.6%, JNSAR, DLEma.
We counted a "5-waves" from 5965 to 5865.
For a bear, it is impulsive reversal and the retracement should limit itself to ideally
@ 61.8%-73.6%(5927-39) but shouldn't move past 80%(5945)being a zigzag correction.
For a bull, it was the end of 4th wave and should move higher and hence it should move past 5945.
It has done "i" (5865-5903) & "ii" (5903-5895-5908-5893-an irregular flat) and
poised to move higher in "iii" ( ideally a move of 38 x 1.618=61 pts from 5893=5954 which is R1).
Hence, resistances would start from 5931(5893+38) to 5954.
This analysis is based on the assumption that "5893" would be held.
Last Hour low @ 5882 would be the downside trigger for opening session. Once moves into the resistances zone, keep updating the retrace for the rise from 5893 for downside trigger.
From the quality of the upmove in the opening session, market would reveal
whether it is a "bearish corrective rise" or
a "bullish continuation upmove".

42 comments:

NEVER GIVE UP said...

Good Morning Ilango Sir & All Friends.

srn said...

Good morning ji& All

San said...

Good Morning Ilango Sir and Friends

NIFTY Weekly resistance levels: CLICK HERE

SANPOT said...

Good Morning Ilango Sir and Blogmates.

Suraj said...

Good Morning Ilango Sir and All Seniors & Friends

Manish said...

Goodmorning master and all JN friends,

Master you have taught that when the Day and Week pivot is close to each other and so is the market price the market is weak.

Please throw some more light on to this.

Thanks and Regards Always !!!

Bala said...

Good Morning, Ilango Ji

SAM said...

Century Textile chart ...

http://1.bp.blogspot.com/--7m2YQqVMQ4/UMc8ZDELS1I/AAAAAAAAAN0/M2uH65z4Nz0/s1600/centurytextile.png

Yash and Dhan said...

Good Morning Sir,
What a fantastic pre market analysis!! Crystal Clear.
It has taken me time to understand your wave analysis but patience has started paying. I now dare to take trades other than JNSAR.

Nilesh Patil said...

Good Morning Master & Friends

Shradha Saburi said...

Good morning Sir, and all my Gems of JN
@ 61.8%-73.6%(5927-39) but shouldn't move past 80%(5945)being a zigzag correction.

Last Hour low @ 5882 would be the downside trigger for opening session
From the quality of the upmove in the opening session, market would reveal
whether it is a "bearish corrective rise" or
a "bullish continuation upmove".
home work got confirmation.
Lots of thanks Sir
many many regds

sushil said...

good morning master and blogmates
thks master for your pre opening view

saravanan k said...

Good Morning Ilango Sir & all blogmates.

Rgds
Saravanan

johnrego said...

GOOD MORNING MASTER ILANGO SIR & FRIENDS

Parimal said...

Namaste Dear Sir and all good friends
Wish you a very nice day of trading

ALBELA HOUSE said...

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

Dinesh Rishi said...

Good Morning Master and copy to All

Nilesh Deshpande said...

ATR Based Trading Signals

Buy Zone : From 5869.8 to 5855.3

Breakdown below : 5852.4

Breakdown target : 5830.8

Sell Zone : From 5927.8 to 5942.3

Breakout above : 5945.2

Breakout target : 6004.8

Ilango said...

Early indications of "bearish corrective" unfolding.

A J said...

@Sharekhan users
I can't see my open positions, portfolio details and margin reports. I have tried restart and change in server. Anybody facing similar problem? Any suggestions?

Parminder said...

Master ilango and friends,
Good morning to all
Regards

shriram said...

Morning MAster & JN Family,

Another BULLISH Alt lable option for EW Folk

move from 5950 ,to be seen as a 4th via an Expanded FLAT

a 5950 5888 -62
b 5888 5965 77 -124.2%
c 5965 5866 -99 159.7% ** in play shud seek Min 5864 (161.8%)



Parminder said...

Master,
in intraday columns it is written Buy on Dips as well as Sell on Rise.
Inference Master.
Regards

Prabakar said...

Namaste Ilango Sir and JN Family

Parimal said...

Hi AJ
nice to see u after sometime. yes, i faced the same. but now it seem getting corrected.

venkatapathy l said...

Namaste Ilango Sir and fellow bloggers

LV

Stockathon said...

Good Morning Ilango Sir& Friends...

A J said...

@Parimal
Thanks for replying, not working for me :(

Ilango said...

@ Parminder,

As long as prices closing above DEma, uptrend remains; accordingly it is "buy on dips" for the conservative traders.

However, having closed below DHEma since last Friday, 7th, it has been a sell on rises from 10th Monday for aggressive intraday traders.

rajiv malik said...

Happy #Rajnikant to Birthday!! :D

jay shah said...

gm dear sir , seniors and freinds

Parminder said...

Yes Master,
Crisp and clear statement Understood,
Regards
☺☺☺☺

amber said...

Sir ILango ji and everyone good morning

Smita said...

Good Morning Sir and JN Family !
retracement from 5893-5925 80% comes at 5907 , which is already broken.

hbk said...

Good Morning Ilango sir & all blog mates.....
Have a great trading day ahead......

Parimal said...

CNX Midcap Index is getting to downmove. no strength visible.
BhartiAirtel is fast moving down.

gauresh59 said...

Sitar maestro Pandit Ravi Shankar passes away

NI3 said...

Sir I am slow learner
can u please explain what do you mean by
Early indications of "bearish corrective" unfolding.
thanks sir

chetas said...

rajiv malik,

good one :))

rajnikant will be actually born soon in 2hrs , 12th year, .12month, 12 th day, 12 th min, 12th second, his robot just came to see everything was alright

Manish said...

@ Master you have taught that when the Day and Week pivot is close to each other and so is the market price the market is weak.

Please throw some more light on to this.

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