Tuesday, December 4, 2012

Nifty Pre-Market View.

Corrections are the phases, a trader would adopt to range trading.
1st part of it is to ascertain the range; and it is done using a pivot table/ camrilla table, merged with key numbers from TT & Fibonacci table.
2nd part is to understand the "intra technicals" & global cues to identify the entry; It could be a long or it could be a short but take the one that meets the above criteria and presents itself first.
3rd part is to execute that entry when the market unfolds.
"Supports & Resistances" strategy is the superior one to all.
Knowing EW with its "correctives guidelines" offers you many "low risk-high reward" trades. Patience is the key and discrimination to choose a trade is the major factor to success.
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The stretched markets are undergoing correction and it has followed the "26 to 49 points" thus far. And if it exceeds too, it is likely to bounce back as long as higher T/F Technicals are intact.

38 comments:

Bala said...

Good Morning, Ilango Ji

Kumar said...

Namaskaaram GuruJi and Friends,

Good Morning.

Have a Good Day.

Pranams
Kumar

Nilesh Patil said...

Good Morning Master & Friends

Yash and Dhan said...

Good Morning Guruji and dear friends.
Have a nice day.

Manish said...

Goodmorning master and all Friends

Have a Good Learning and Earning Day today !!!

Good Luck .

SANPOT said...

Good Morning Ilango Sir and Blogmates.

Shradha Saburi said...

Good Morning Sir and all the Gems of JN
nifty levels updated
http://mahendra-jage.blogspot.in/
regds

J.R.Julius said...

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

Camarilla Keylevels - Nifty Spot
H4@5895 ↑
H3@5883 ↓
L3@5859 ↑
L4@5846 ↓

ℐ.ℛ.ℐulius

NEVER GIVE UP said...

Good Morning Ilango Sir & All Friends.

Bhushan said...

Good Morning Gurudev and JN Family

Suraj said...

Good Morning Ilango Sir & All Friends

San said...

Good Morning Ilango Sir and Friends

NIFTY Weekly support and resistance lines: CLICK HERE

Nilesh Deshpande said...

ATR Based Trading Signals

Buy Zone : From 5841.45 to 5826.7

Breakdown below : 5823.75

Breakdown target : 5778.3

Sell Zone : From 5900.45 to 5915.2

Breakout above : 5918.15

Breakout target : 5955.3

Stockathon said...

Good Morning Ilango Sir & Friends...

Parimal said...

Namaste Dear Sir and all friends
have nice day of trading

gauresh59 said...

Namasthe ilango sir and friends,

Today's quote received :

When you find your beloved inside you,
You will find your beloved beside you.

venkatapathy l said...

Namaste Ilango Sir and fellow bloggers

LV

saravanan k said...

Good Morning Ilango Sir & all Blogmates.

Rgds
Saravanan

jay shah said...

a very good morning to respected sir , all my seniors and dear freinds

deepak pinto said...

Sir
I am not able to put the exact labels for the subwaves but atleast it is clear that a fifer of some degree did end in the morning yesterday at 5899 as the last wave of 5869 to 5899 was retraced completely in quick time (less than 1+1 unit).
question is what degree wave ended .
nevertheless keeping 5899 as a sL shorts may be in order till a reversal to resume uptrend surfaces.

venkatapathy l said...

What is the meaning of fifer?

LV

sandeep said...

jai hind master, dr ji julius sir n all

sudharsan said...

Good morning master and friends

deepak pinto said...

fifer = five wave impulse

Dinesh Rishi said...

Good Morning Master and copy to All

venkatapathy l said...

@ deepak pinto

Thank you sir

LV

Prabha Gopalkrishna said...

Good Morning and Thank you Master and Seniors for all the guidance and inputs.

NITIN KADAM said...

Today's Supports & Resistances :->

Support :- 5810-5855

Resistance :- 5882-5925-5944

Current Trend :- UP.

Strategy:--

1. Buy Near Support Area 5810-5855 .

Weak Below 5778.

Positional Short Only Below 5728


Happy disciplined trading to all.
Have a nice day!

Sujatha said...

GM sir and all

Nifty directing a flim - திக்கு தெரியாத காட்டில்

amber said...

Sir ILango ji and every one good morning

rajapvt said...

@Sujatha: LOLZ, which cat will be the STAR of the day :-D

J.R.Julius said...

Price Crossing 5880/5850 can be considered for Intraday.
✰✰✰ Nifty Spot Intraday Numbers ✰✰✰
↑ Resistance Levels : 5880-5899-5918-5938-5957-5976
↓ Support Levels : 5850-5831-5812-5793-5774-5755
Intraday alerts based on Chart Sup/Res - Levels Clustered using Gann angles for Trailing & Part Booking easily.
*Personal Decision Advised.

J.R.Julius said...

@Mr.Sandeep,
Good Morning - Have a Nice day.
Jai Hind.

@Sujatha,
Good Morning - Have a Nice day.

IndieTech said...

@Deepak Pinto

I find your comments quite clear and concise; easy to understand for non-EW guy like me :)
Really appreciate your contribution to the blog...

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