Monday, December 24, 2012

Nifty Pre-Market View.

Nifty, in its early stage of a reversal, would have some counter moves from bulls during intraday.
"5839" was a double bottom before it got breached once and a counter move, if any could open up from where, keeping the ST downtrend intact.
"5902 & 5911" are the two 61.8% &
"5920 & 5939" are the two 80%. (1. 5939 to 5842; 2.5965 to 5823).
"5890-99" is the immediate resistance-21/34hr sma.

29 comments:

saravanan k said...

Good morning Ilango Sir & all blogmates.

Rgds
Saravanan

San said...

Good Morning Ilango Sir and Friends

BANK Nifty chart analysis: CLICK HERE

Nilesh Patil said...

Good Morning Master & Friends

deepak pinto said...

Sir
Could this be an expanding triangle.
A= 5899-5854
B= 5854-5926
C= 5926-5839
D= 5839-5965
E= 5965-5823

and then the Thrust 5823 to 5934-39 , not completely retracing wave E, wave E being the longest and most complex. all in keeping with the exp triangle rules.
If the above is true then this exp triangle is wave 4 of the 5 and the thrust is wave 5.

Till now everything seems reasonable but
the reversal after the thrust has not exactly
been showing a impulsive nature. Hence doubts remain till 5823 15 is broken.
5900 negates this view.

NEVER GIVE UP said...

Good Morning Ilango sir & All Friends.

srinivasan k said...

Good morning Ilango sir& friends. Have niceday.

Shradha Saburi said...

Good Morning Sir, and all the Gems of JN
wish you all happy trading day!
regds

venkatapathy l said...

Namaste Ilango Sir and fellow bloggers

LV

suresh said...

sir ji,
good morning.
ns > 5879 bullish & < 5850 bearish

ALBELA HOUSE said...

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

anmpatel said...

good morning all,
today HAOpen value is 5887.03. Friday's HA open-high was same, 5907.7 so it formed a bearish candle. today follow up is necessary to confirm down trend.
thanks.

Parimal said...

Namaste Dear Master and all friends
Wish you all the best of a trading day

Nilesh Deshpande said...

ATR Based Trading Signals

Buy Zone : From 5818.7 to 5804.2

Breakdown below : 5801.3

Breakdown target : 5782

Sell Zone : From 5876.7 to 5891.2

Breakout above : 5894.1

Breakout target : 5956

anmpatel said...

starting week's HA open is 5857.38 and dec month ha open is 5749.91.

SANPOT said...

Good Morning Ilango Sir and Blogmates.
For the first time in this month DII have bought 258 cr. in the cash markets.

Sasikumar Nataraj said...

illango sir

any view on cipla pls

amber said...

Sir ILango ji and every one good morning

jay shah said...

gm wonderful sir, seniors and all dear freinds happy new trading week to everyone

suresh said...

cipla > 428 bullish & < 420.2 bearish

Dinesh Rishi said...

Good Morning Master and copy to All

DZIRE said...

Namaste Ilango Sir & all members.

Yash and Dhan said...

Good morning Sir and dear blog-mates.
Just one question to seniors. I was just wondering if any JNSAR trader trades only EOD based JNSAR?
Because many people here have said that EOD JNSAR based trades rarely whipsaw. But then the risk is so much more as DR sir always say it takes you far away from your SL.
Is this strategy only for deep pockets??
Or I am missing something.

Hari said...

Good morning master & JN family

Have a nice day !

The_Unprejudiced_Observer said...

Good morning.
Next hr JNSAR poised to move below Day JNSAR. Time to sell?

Shradha Saburi said...

Dear yash and Dhan
Always pick up market beats before doing the JNSAR trades TAs etc. Always visualize the nifty position where it is now? Sir always give Hints for that. Just we have to pick up(Pick up my brain ..Sir always Says) and have Shradha and Saburi.
you may take the trade on 5min, 10 min, 1 hour or day candle as per you feel convenient.
this is just my view.
regds

Andrastyle said...

All NSE Members,

Sub: Revision in operating ranges for No band securities w.e.f December 24, 2012

In partial modification to the earlier circulars on operating ranges and further to circular number NSE/SURV/22310 dated December 14, 2012, regarding Pre Trade Risk Controls, it is hereby notified that as per revised operating policy, the dynamic price bands shall be 10% for the following securities:

a. Stocks on which derivatives products are available
b. Stocks included in indices on which derivatives products are available

Members are advised not to place orders beyond the dynamic price bands in force.

In the event of a market trend in either direction, the dynamic price bands may be relaxed during the day in co-ordination with other Exchange:

1. If the last trade occurs at 7% or more of the base price, the dynamic price band shall be relaxed to 15%. Subsequently, if the last trade occurs at 12% or more then the same would be relaxed to 20% and so on by relaxing dynamic price band in multiples of 5%.
2. If the dynamic price band is relaxed by another Exchange.

The existing policy for price band shall continue to apply in case of all other securities.

This circular shall be effective from trade date December 24, 2012.

For and on behalf of
National Stock Exchange of India Limited

Dinesh Rishi said...

Yash and Dhan

JNSAR means act when you see level,

If you act on closing basis you will be late.

& rule says never try to catch running train'

The beauty of JNSAR is it keeps difference of ATR so we need not to worry for intraday volatility.

Yash and Dhan said...

Thank you Shradha Saburi and DR sir.
Yes I always act on number flashing on screen but various people keep commenting about EOD JNSAR so I was just curious of what they actually do. I remember even Sir saying once that one may be too late to open position at EOD.

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