Friday, December 28, 2012

Nifty Pre-Market View.

Last week's close signaled a "Sell on rise" in week T/F.
And "intra-week", Nifty rose closer to the highs and offered that opportunity yesterday.
This new signal "slipped out of an objective mind".
And now the day T/F has not only closed below HEma but also below DEma. As the ranges narrow down, whipsaws would be many in the signals.
"5884-98" is the opening resistances and Nifty could seek support at the lower range @ 5840-55 zone.
And it is the "retracement for the 5931 to XXXX fall or reversal action from 1st session's lows" that will offer the "Sell on rises" besides the opening one..
Break-out would be above 5912-R1.
Break-down would be below 5839.
As you can see from the chart below, the range is contracting; hence trade smart or wait it out.

24 comments:

srinivasan k said...

Very good morning ilango sir& friends. Thanks for ur post.

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

Namastey ilango sir and blogmates

varun kumar said...

Good Morning llango sir, DR sir, seniors & my blogmates,
Have a nice & profitable day !

NEVER GIVE UP said...

Good Morning Sir & All Friends.

Shradha Saburi said...

Good Morning Sir and all the Gems Of JN
wish you all happy trading day
regds

sudharsan said...

Good Morning Master and Friends

Nilesh Patil said...

Good Morning Master & Friends

venkatapathy l said...

Namaste Ilango Sir and fellow bloggers

LV

AJIT PATIL said...

Good Morning llango sir & blogmates.

deepak pinto said...

Sir
the 9th move down is almost complete and the bowtie now looks in place to give a big push up.

Parimal said...

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

Kumar said...

Namaskaaram GuruJi and Friends,

Good Morning.

Have a Good Day.

Pranams
Kumar

SANPOT said...

Good Morning Ilango Sir and Blogmates.

saravanan k said...

Good morning Ilango Sir & all blogmates.

Rgds
Saravanan

Parminder said...

Master ilango and friends.
good morning to all
Regards
Master in the conSERVATIVE table u have said bought at 5930nf and sell on rises.

Janak said...

jnsar long at 5885 triggered?

gauresh59 said...

Namasthe ilango sir and friends,

Today’s Quote received :

Be OK with where you are right now in your life.
There is always a room for improvement.
But accepting yourself and your imperfections
Are part of awareness that is needed for growth to happen…!!!

Dinesh Rishi said...

Good Morning Master and copy to All

Indus said...

@Ilango

Resisting at the golden ratio at 5906...as per pre-market, would this now be the zone for "sell on rises"????

Kiran said...

Although, very early stage to decide...
But, Option data says range of 5800-6000 in Jan-2013 also...

Ilango said...

@ Indus,

"5914" is the triangle resistance/ break-out point for this hour.

Besides there are HEmas @ 5902-5910 presently.

Hence, the SL/ SAR is very small & close by.

rajapvt said...

@Kiran: Range might be 5800 to 6100.

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