Thursday, December 6, 2012

Nifty Pre-Market View

Nifty has dropped by 26 points yesterday;
If weakness persists, the last support would be 80%-5871( 34 hr sma, rising)
There are two possibilities:
Holding "5882", it makes new highs towards 5945-65.
Resisted below 5915, it moves lower towards 5870-60.
"Consolidation helps in renewing strength to move higher."
"Consolidation also brings up the support-giving-averages closer".

39 comments:

Bala said...

Good Morning, Ilango ji

NEVER GIVE UP said...

Good Morning Ilango Sir & All Friends.

Nilesh Patil said...

Good Morning Master & Friends

srinivasan k said...

Good morning master and all friends

srinivasan k said...

Sgx nifty open 5948_ last cl 5939

Shradha Saburi said...

Good Morning Sir and all the Gems OF JN
Nifty levels updated
i am on mobile
wish you all happy trading day

Jagan said...

Namaste Ilango Sir And All.

jay shah said...

gm dear sir , seniors and freinds of the blog

Dinesh Rishi said...

Good Morning Master and copy to All

Yash and Dhan said...

Good Morning Sir and dear friends.
Thanks

sushil said...

good morning master and blogmates

Bhushan said...

Good Morning Gurudev and JN family

venkatapathy l said...

Namaste Ilango Sir and fellow bloggers

LV

johnrego said...

GOOD MORNING Master llango Sir

hbk said...

Good Morning Master & all blog mates.......

srinivasan k said...

Gd morning all friends. I am new .pl guide . Have a great nice day

Nilesh Deshpande said...

ATR Based Trading Signals

Buy Zone : From 5872 to 5857.75

Breakdown below : 5854.9

Breakdown target : 5840.8

Sell Zone : From 5929 to 5943.25

Breakout above : 5946.1

Breakout target : 6011.8

saravanan k said...

Good Morning Ilango Sir & all Blogmates.

Rgds
Saravanan

Suraj said...

Good Morning Ilango Sir & JN Friends

Kiran said...

Opened very close to ATR Sell zone and retreated at super speed.

Parimal said...

Namaste Dear Sir and all good friends
have a nice day of trading

Parminder said...

master ilango and friends,
good morning to all
Regards

Ilango said...

Supports and Resistances

Opened @ Pre-Mkt's resistance just as it did yesterday.

But today's is a swift reversal suggesting a retracement for the 5594 to 5928 rise.

Ilango said...

23.6% of 5594 to 5928 done @ 5849.

Hitendra said...

Sir - Can we take aggressive Shorts here or wait and watch for moment in the direction of the larger trend?

Parimal said...

For NF 38.2% is 5814
50% is 5771

Indus said...

@Ilango

Would not a retrace upto 50% be considered normal in keeping with the larger uptrend? Would this then be considered a buy zone, staying above DLEMA?

Ilango said...

@ Hitendra, Indus,

"Swift reversal" suggests of larger consolidation.

It could trade between 5801-38% to 5910.

It would be a trader's market, especially with an "uncertain Rajya sabha proceedings going into Friday evening".

Hence, allow for min. 2 day's correction and possibly into Monday.

J.R.Julius said...

Good Morning Master Mr.Illango, Master Mr.Dinesh Rishi & Blogmates.

✰✰✰ Nifty Spot 30 Minutes Opening Range Breakout Numbers ✰✰✰
↑ Buy Zone/Upside : 5930-5949-5969-5988-6007-6027
↓ Sell Zone/Downside : 5845-5826-5807-5788-5769-5750

Intraday Numbers based on 30 Minutes ORB - Levels Clustered using Gann angles for Trailing & Part Booking easily. Stoploss 20pts or swing sup/res in 5 minutes chart. Personal Decision Advised.

amber said...

Sir ILango ji and everyone goodmorning

SANPOT said...

Good Morning Ilango Sir and Blogmates.

Hitendra said...

Thx Sir ... So that would be wave 4 followed by 5?

Parimal said...

Going by the news, UPA has 'somehow' managed in Loksabha to get little majority on FDI. but it may not be that very easy for UPA in the Rajyasbha where opposition has a possible majority. till clarity on this issue comes, it will be uncertainty prevailing in the market. a lot hinges around this bill.

gauresh59 said...

Namaste ilango sir and friends,

Today's quote received :

Time decides whom you will meet in life.
Your heart decides whom you want in life.
But, your behavior decides who will stay in your life.

ITradeForProfit Daily said...

5880 NS would be a good opportunity for initiating a aggressive short now with SL of 5900

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