Friday, December 21, 2012

Nifty Pre-Market View.

Caution has been sounded in the 5th wave after noticing weakness in their sub-waves, not adhering to characteristics of the 5th.
Added weakness is the "close below DHEma".
"5870"-WHEma would come into play today wherein lies the 61.8% (5867) retrace of the last rise.
Trading below 5912 & 5895(Day & Wk Pivots) are weaknesses which could result in "seeking Mth. Pivot".
After such a "long consolidation", the upmove was full of hesitancy. Why?
Fii's cash buying continues...Why?
Cautious approach is required.
"5846" is the 80% of last rise and
"5939" is the 80% (with filter) of last fall.

46 comments:

Nilesh Patil said...

Good Morning Master & Friends

Shradha Saburi said...

Good Morning Sir and all The Gems Of JN
Wish you all good profitable day
regds

NEVER GIVE UP said...

Good Morning Sir & All Friends.

Kumar said...

Namaskaaram GuruJi and Friends,

Good Morning.

Have a Good Day.

Pranams
Kumar

srinivasan k said...

Good morning ilango sir& Friends. Have a niceday.

Prakash C said...

Good morning Master

Kindly clarify this- Sell @5915-5935, SAR @ 5895. This means cover the holding at 5915-5935 and take short at 5895?

varun kumar said...

Good Morning llango sir,
sir in conservative trade table , you shown sell @ 5915-35 and SAR 5895. I THINK SAR TO BE ABOVE 5935.
SIR IF IT IS TYPO MISTAKE THEN PLS CORRECT IT OR NOT THEN IT MEANS WE SHOULD GO LONG @ 5895 .
PLS CORRECT ME.
REGARDS,
THANKU

San said...

Good Morning Ilango Sir and Friends

TATA Steel Chart update: CLICK HERE

Bala said...

Good Morning, Ilango Ji

Prashant said...

Sir,
Shudn't the sl for conservative sl be 5995 instead of 5895?

Prashant said...

Sir,
Shudn't the sl for conservative sl be 5995 instead of 5895?

venkatapathy l said...

Namaste Ilango Sir and fellow bloggers

LV

Arif said...

Ilangoji Good Morning...

FYI - US futures are 1.5% down

anmpatel said...

@varunkumar
@prashant
it is conservative trade which was bought at lower level (around 5848 with sl of 5820), so book profit at 5915-35 and if nifty trade/close below 5895 then go short, 5895 is SAR not a SL. what i understand is this?
thanks.

Prithvi Yashashvi said...

Good Morning Family,

Oh my god,

Now we are in 3rd wave for downtrend.

ohh its powerful

today is bloodbath

anmpatel said...

oh god.....premarket opening is 6000+

Parimal said...

Namaste Dear Sir and all friends
wish you a profitable day

ALBELA HOUSE said...

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

johnrego said...

Good morning Ilango sir & JN family

Have a nice day

Prithvi Yashashvi said...

@anmpatel,

Premarket opening is gambling,that price effect on our mind till day ,so dont see pre opening .

Dinesh Rishi said...

Good Morning Master and copy to All

anmpatel said...

yep Prithvi
i know, it is total trap.
i noticed when nifty show higher fig in pre-market that day it tumble in real time trading at EOD.
i think it is for mental disturbance for traders.
lets see what happens today.

anmpatel said...

@DR
good morning
thanks for coming early......bulls need u today!!!

suresh said...

will ns c today 5861/833 or 5972/99
let's wait and watch

Dinesh Rishi said...

Dr. Patil if big brothers start realizing their profit, no body can help except JNSAR.

SANPOT said...

Good Morning Ilango Sir and Blogmates.

jay shah said...

gm wonderful sir , all my seniors and dear freinds

Prithvi Yashashvi said...

Kash kal maine Shriram ki baat man li hoti
to aaj mere 40point nahi jate

amber said...

Sir ILango ji and every one good morning

anmpatel said...

@DR
means you are going to start taking profit today.....ha...ha.....

Stockathon said...

Good Morning Ilango Sir & Friends...

Hari said...

Good morning master & JN family

Have a nice day !

Prithvi Yashashvi said...

@Dr sir,

JNsar hit short side

can we go or wait for some clues/signals???

Batao Batao

Suraj said...

Good Morning Ilango Sir & Seniors

Dinesh Rishi said...

Prithvi

Just act on levels - SL loss is 20 points (or wait for ORB NF is at trend line support)

If 2-3 SL hits (in very rare cases)still your all loss will be covered in one trade.


sushil said...

good morning master and blogmates

ITradeForProfit Daily said...

Yesterday in the afternoon ADX had turned from buy to sell.

sekar said...

Nifty may fill the Gap Before it come down further?

Arun v said...

I was placed order for 6100ce at 1.50 on 15 min before, it was trading between 1.50-1.70 from last 20 min, but the order is not executing, means huge buying at 1.50 level, is it is the game for expiry, is it above 6100?

Indus said...

@Ilango

Channel support and fibo retrace levels at 5865-70 continue to hold like yesterday. Your comments would be appreciated at this stage

J.R.Julius said...

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

cooldent said...

Arun

The guys who shorted it at higher levels are booking their profit

rk said...

what is the appr. value for trend line can we assume its broken?

Manish said...

Goodmorning master,

The pre-market view is Beautiful.

Thanks and Regards Always !!!!

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