Thursday, April 4, 2013

Nifty Pre-Market View.

"5548-83" is the last support after which sharp declines are likely.
Nifty has ended the day within that zone but without any reversal indications except that the hour TA is in OS zone which is not a great help as OS can stretch testing one's patience.
Minor strength would be above 200DMA.(5635-40).
(I'll be away on an emergency....Take care)



154 comments:

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

I hope all goes well, take care and thank u for all your help and efforts through this blog.

J.R.Julius said...

Magic Numbers for trading don’t exist, but a trader who can follow the trend using relevant numbers can do Magic.

05/04/2013
Camarilla Keylevels - Nifty Spot
H4@5618 ↑
H3@5596 ↓
L3@5553 ↑
L4@5531 ↓

By watching Camarilla levels, You will start to Notice the Market in a new perspective. It is not a Holy Grail, But a Map.

Parimal said...

Dear Sir
wish all is well with you! May God help you!
regards

SANPOT said...

Dear Ilango Sir, hope to see you back at the earliest. Please take care.

Varadarajulu Venkatesan said...

Dear Master

Thank you for your advance updates and salute for doing responsibility. Take care and get back soon.

channasri said...

Dear Sir,

Hope that all is well. May GOD bless you.

Best regards,
channasri

Anandha said...

I wonder when I visit the blog after coming back from office.Wish all the best.May meet people like you to help on your emergency. Wish you good luck !

ALBELA HOUSE said...
This comment has been removed by the author.
Fire said...
This comment has been removed by the author.
Fire said...

USDINR is pointing towards an impending storm -

Article Link

Amol Sharma said...

if 5500 broken then nifty will go towards 5250 without any.................

San said...

Good Morning Ilango Sir and Friends

NIFTY Chart update: CLICK HERE

Debdeep said...

Good morning Ilango Sir and friends. Options OI data yesterday EOD indicates FII's have added further shorts yesterday. Gann next support level on daily chart at 5517 and hourly at 5527.

Debdeep said...

Good morning Ilango Sir and friends. Options OI data yesterday EOD indicates FII's have added further shorts yesterday. Gann next support level on daily chart at 5517 and hourly at 5527.

venkatapathy l said...

Namaste Ilango Sir and blog friends

LV

ALBELA HOUSE said...

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

J.R.Julius said...

Good Morning Everyone.
Traders Affirmations!
http://www.youtube.com/watch?v=fFqf3eHO2CI

Parimal said...

Namaste Dear Sir and all friends
Have nice day of trading

rajapvt said...

Good morning everyone.

chetas said...

Profile Values ( from sanjai Jaiswal blog)

Daily NF :
VAH : 5658; POC :5637; VAL: 5611

Weekly NF:
WVAL: 5623 & WPOC 5647



Data Source:
http://marketpulse-snp.blogspot.in/

amber said...

Sir ILango ji and everyone good morning

chetas said...

NF yesterday close 5693.2, today high also same.

now below yesterday low 5583.37.

resistance on the higher side above 5593 is VAL 5611 and weekly VAL 5623.

J.R.Julius said...

Nifty Spot
Camarilla - Scenario1
H3@5596 ↓
L3@5553 ↑

In such condition aggressive traders will act at level and safe traders will confirm whether market taking sup/res at the levels!

Nifty Charts said...

If you want to see Live Nifty Charts with Buy Sell Signals, visit www.niftycharts.co.in or click here

Nifty Charts

chetas said...

looks like ALGO based selling in Nf at 5593.2, even if breaks out above it, if again closes below it in 5 mts chart, it will be a sell setup.

shriram said...

GM Master & JN Family,

Have a gr8 day !

Piyush Sharda said...

@chetas can u elaborate what setup

J.R.Julius said...

Traders Motivation!
http://www.youtube.com/watch?v=mghEboOU6UE

STOCK4SURE said...

i guess ns may trade in tight range till 2.30pm and in last hr may see sharp move(a trap will be laid of thinking this tight range to be consolidation)
i am expecting a sharp fall towards 5490 till monday

what others say?????

STOCK4SURE said...

today ns took support at line joining lows of 28th march and yesterday lows
any dip below 5557 will break below supp line

rajapvt said...

5600 CE writing in progress, so far,,, watching,

STOCK4SURE said...

ns making a falling wdge pattern in 5 min charts
guess till 11.00-11.15am high is capped at 5576ns
lows are open till 5542

chetas said...

PS,

Was noticing huge volumes at 5593.2 in NF. Though nifty went there 4 or 5 times, could not tick above it .Since it is also yesterday close of NF, my reading was its a Algo based selling at that level.

So my strategy is , even if it breaks 5593.2, but closes below it again in 5 mts basis, then it can be considered as a sell. My logic was , i take this number as a pivot, like how if it breaks the pivot and then fall backs again below it, we take a sell,

garaga suresh said...

no fall but sometime to take

shriram said...

looks like an Expanded FLAT C up in play, may seek Dlo

chetas said...

PS,

Did you see 60000 nf sell at 5393.2

STOCK4SURE said...

5587 is 55ema in 5 min charts
will face stiff res on any upmove abv 5577

SAM said...

120000 NF at 5693.20

chetas said...
This comment has been removed by the author.
SAM said...
This comment has been removed by the author.
SAM said...

Now seen 260000

chetas said...

my guess is Eurpoen fund managers have put a huge Algo sell order at Nf close and went to sleep

SAM said...

FII's are trying hard to keep NF below 5693-94

Sahil said...

Shriram, do u look at 5mnt charts for subwaves division?

Amol Sharma said...

@chetas Yes my feeling also not possible for today to break easily this level.

Sanjay Jaiswal said...

Dear Ilango Sir & Blogmates,

OI Table Update at 11:00AM, Pivot-5612, S1-5565, R1-56405, ATP-5588, VWAP-5588

The CE writers are not in any mood to let the Bulls back into the game, but they can be in for a shock if Nifty Future is able to scale 5611…

Thanks & Regards

STOCK4SURE said...

some unwinding started in 5600pe
guess its time to be cautious with long posn

Piyush Sharda said...

@chetas,

i dont know where to check. pls tell me i'll be glad to check. yes 5593 is resi and it moved back from 5594. buy if it breaks and just by 5 min close
below b/o if u short that will be high risk. lot of struggle goes at b/o and at times it falls just below b/o and then rises again. i think shorting level of b/o failure shud be slightly lower

Piyush Sharda said...

5588 is developing poc i think ant breakout shud be given some space to breathe

garaga suresh said...

simple trade make happy trade

garaga suresh said...

not hourly trade, no macd, no moving avg. only watch weekly daily charts

shriram said...

@ Sahil,

30min candles to even think of a EW view... ideally nothing less than Day Candles.

Have stopped trying to count sub-fracs. Personally, It doesn't give "me" the same edge, like Hi-LoEMAs

garaga suresh said...

so many traders trading with EW but they not make money..........

J.R.Julius said...

Nifty Spot@5550 [taking support]
Camarilla - Scenario3
L3@5553 ↑
L4@5531 ↓

Hitendra said...

no support holding, just a slow decline.

chetas said...

Nf premium has gone up, which is confusing , anybody have a reason;

rama balaji said...

i`ve going thru ur u tube sites all r very good, thnx, do u do it everyday sir, though i learnt EFT thru my Guru in chennai about 6yrs back, am not doing it regularly,but after seeing ur u tube recoms, thinking of doing it regularly,thnx a lot

johnrego said...

Good Morning Illango Sir,& JN family
Hope that all is well. May GOD bless & help you.

HARISH TAHKKAR said...

On Hourly Swing High 5773 of 2nd April 2013
Market has not given a single hourly " C " above
previous Hour High.I-D trading,I think if you correlate your
signal system whatever, on I-D or Positional with inverse
relation to VIX it gives crystal clear picture of high probabilities
of success signal.To be safe side always to place SLO into
system to avoid Volatility or Traps.

chetas said...

PS,

Yes it is risky, bit the Sl is also small

For example, when it went above 5593.2 to say it goes till 5600 ( though it went till only 5494 )

when I short, on a close again below 5593.2, my Sl is just 2 pts above the high, say 5602

In this case only 5696, as the high it made was 5494. you can keep a more loose Sl of say 5601 or so.

True it is risky as it can reverse, hence i look for a breakout failure, which is close below the breakout level , in 5 mt chart.

It works for me, but i am still new to this kind of trades.

My whole idea was i want to caution the friends about heavy volume based selling at 5693.2, it really looked unusual to see it on screen

rama balaji said...

the above comment meant for Mr.Julius

J.R.Julius said...

@Mr.Rama Balaji,
Thanks for the comments.
EFT & NLP are wonderful tools for everyone,
especially for traders. Best Wishes.

Parimal said...

Nifty at 50 week SMA as mentioned by SAN

Sambhrama said...

dear JRJ,

what are EFT & NLP,,, plz explain as i may be usefull....

anmpatel said...

good morning master and friends...

master, all will well. god bless you.


shriram said...

Time to apply Bell Curve maths to Nifty Spot

Cmp-Dev.Dlo is 70 pts . THis is the mean of the Normal Dist.

1 Std Dev levels are 5510-5560 (on either side of this mean)

Day's Low may be in this level with 67% confidence

anmpatel said...

can anybody tell me NDsir's ATR range and break points? i could not open the site as ....

HTTP Error 404. The requested resource is not found.

chetas said...

Zero hedge;

http://www.zerohedge.com/news/2013-04-05/it-beginning-biggest-jgb-price-collapse-over-10-years-triggers-tse-circuit-breakers

very interesting chart about Japan bond futures, the bond yeild their just doubled in 1 day

Tushar Thete said...

@ Shriram -

m sorry, but didnt get u...

Request you to elaborate

J.R.Julius said...

@Mr.Sambhrama,

What is EFT(Emotional Freedom Technique)?
http://www.youtube.com/watch?v=7yWgQ_AgrGc

What is NLP(Neuro-linguistic Programming)?
http://www.youtube.com/watch?v=8vlcsFJyEXQ

vishnu said...

ATR range 5614-5634 sell area BO abv 5638 tgt 5676
buy area 5535-5516 BD 5511 tgt 5458

anmpatel said...

@vishnu

thanks very much.

shriram said...

@ Tushar:

Once market starts Impulsing below Dlo or above DHi

i hv obsved that the Distr. of the values {Dev.5DLoEMA - CMP} or {CMP- Dev.5DHiEMA} , is a Bell Curve.

The Mean of this Bell curve = 70pts & the Std.Deviation is 25pts

Bell curve maths says : that 67% of all Data samples in a Set are contained within +,- 1 Std. Dev.

On 33% occassions, DloEMA -Day's Low Price falls outside this BAND.

Hence the range , rgds

chetas said...

one more selling after Eu open, lets see, last two days market sold off after Eu open

Vivek said...

Wt time does the EU opens?

chetas said...

Vivek
Europe already opened , 12.30 IST

chetas said...

retraced 61.8% of the day range in NF, 5594-5558.7= 5580.60 also the WVAp as of now,

yesterday wvap resisted well at 5641 or so if i remember correct

maninder said...

hI all
Bullish engulfing hourly candle in the making

NK said...

Hi Friends,

Can anyone provide hourly data for today. Thanx in anticipation. NK

SAM said...

Again... 150k Sell at 5693.20... what they are doing...

SAM said...

09:00:00 AM 5586.00 5593.20 5574.60 5587.60 2055700
10:00:00 AM 5588.15 5594.00 5575.15 5582.00 1595900
11:00:00 AM 5581.80 5590.00 5558.70 5562.00 1564150
12:00:00 PM 5562.05 5593.00 5558.75 5587.95 1266100

shriram said...

Enough done for a day :-)

Bon Appetit !

Tushar Thete said...

@Shriram

Thanks!! plz suggest some study matrial for same.

SAM said...

Again...huge Sell Orders at 5693.20 Pushed nifty down....

NK said...

Hi SAM, Thanx a lot. But I was looking for nifty spot data. Can u please provide that as well. NK

SAM said...
This comment has been removed by the author.
SAM said...

05-Apr-2013 5577.75 5597.05 5552.45 5554.05 0
05-Apr-2013 5554.65 5577.10 5554.65 5569.00 0
05-Apr-2013 5568.80 5575.45 5555.20 5560.20 0
05-Apr-2013 5560.05 5565.50 5536.20 5536.85 0
05-Apr-2013 5536.70 5569.60 5535.50 5555.75 0


OK... got it.. here it is

NK said...

SAM ok. Thanx for futures data. NK

NK said...

Hi SAM,
Oh, Just as I typed the msg, I saw your msg. Thanx a lot again. NK

bizagra said...

Can anybody give values for DLEMA.DEMA and DHEMA for today...thx

NK said...

Hi Bizagra.

It is 5596, 5625, 5662. All spot. NK

vishnu said...

5 -EMA 5625 DHEMA 5662 DLEMA 5597 at 1:00pm

Nilesh said...

fii dont want to break high in future of 5594
if break than it will go up to dlema sp 5596 fut
5620

Vivek said...

There seems to be a ceiling at NS 5566-70.

shriram said...

--> back

possible ZZ up from 5536 ... can tgt Dlo / 34EMA,30mins to complete the pattern

Sambhrama said...

@shriram

do you scalp the market?

shriram said...

@ Sambhrama,

Am a intra-day player... "scalper" or "Directional" mode, depends on what i construe to be the most Probable Direction / Actionable Set-up on a given trade day (intraday)

anmpatel said...

@SMO
kindly tell at 2pm update
21-34hour SMA
all daily EMA
as i am out.
thanks.

mmarketman said...

21 Hrsma /34Hrsma plzzz...

Kiran said...

21 Hr SMA=5647
34 Hr SMA=5668

Kiran said...

No change almost in Daily EMA.

DHEma 5662
DLEma 5597
5-EMA 5625

J.R.Julius said...

Camarilla Update:
L3 trade can be Part Booked@5573
and TSL to breakeven.

anmpatel said...

kya kisi ko weekly train ki siti sunai deti hai???
aayegi,
all is well!!!

chetas said...

again 5593.2-5594 Nf in play

shriram said...

price being Rejected from Days Hi...

bb said...

again a huge fall!!

Hitendra said...

BN starts its downward journey again. It might be too early to say but may a double hundred round the corner again.

shriram said...

Parimal, Pattern Trading

Infy :-)

Parimal said...

One more attempt at 5544 50wk sma

Pattern Trading said...

2853 is rock solid support .. more weakness only below this level

Kiran said...

2 PM candle was a Pin-bar candle.

Dinesh Rishi said...

chetas

did you counted how many Zeros were there is 94 order and was it a single order of multiple order?

Nilesh said...

sabse pehle dlema cant cross than wlema dont come in pic.
close below dlema-10 5586 than it would be very
bearish

chetas said...

Nf low on 20 nov was 5555.55, lets see whether it holds

shriram said...

@ Pattern,

Eyes on 34DEMA @ 2865, which has provided Multiple supports closing basis to Infy

Hitendra said...

Is BN at its lowest since Sep'12?

Hitendra said...

With the messy state of affairs and all early election related statements emanating, situation seems hopeless for the Market.

chetas said...

NS pivot s1 5535, is holding

Nf Pivot s1 = 5524, not yet there

Pattern Trading said...

SBI In is playing in danger zone .. 2040 ... and 2020 level to watch for .. below that 1800 and 1540 target ... (Positional)

Amol Sharma said...

The force was so fast now started to neutral near 5496 epic.

Parimal said...

Hi Shriram
thanks. today i have partial problem with my computer and chart.
yes, Infy at the two levels given by you.

Parimal said...

Sun Pharma rose quickly from the low of 813, now at 866 and consolidating.

shriram said...

Hi Parimal,

One more no. Infy may close EOW < 5WkEMA @ 2875 for 1st time after 3 months...

J.R.Julius said...

Camarilla EOD Comment:
Price could not sustain above DH!
L3 BUY has given
Lot1: +20pts
Lot2: 0 pts

Even in the worst case once could have
booked 15pts.

Have a Nice Weekend - Bye All.

chetas said...

Last week NF weekly lower B.B was at 5590 levels, may be volume based selling at 5593-94 was based on that level.

Today it is possible we close below weekly lower b.b in NS, currently around 5577 levels.

Parimal said...

second failed attempt to break 5544

Guru said...

Any change in Day LOW ema plz ???

shriram said...

@ Julius:

Can u pl post Cam. levels for BN also from tomo :-)

Parimal said...

Hi Shriram
Infy: my eyes are fixed at 2835, if broken, big fall, or else may shoot up (though chances now are becoming bleak, i guess).

anmpatel said...

hello friends....

weekly train aayi par safar ka maza nai aaya....

Parimal said...

true flare of Friday is missing, may be because Master is attending to emergency!

anmpatel said...

@guru
DLEMA is same 5596 as no new low....

Guru said...

Thanks anmpatel :)

Guru said...

And also please let us knw the avg closing too :)

anmpatel said...

5547.91 and rising...

anmpatel said...

@SMO

double bottom at 5535 made for ST or next week again Shani maharaj ki krupa barsegi??!!

Nilesh said...

when there is close below dlema & wlema
no use of double bottom
fii selling

chetas said...

Shriram

How do you read this closing ?


average close coming around 5552 and increasing,

monday pivot approx at 5554, so may be a closing below developing pivot, below weekly Lower BB,

and below all MA in TT table

shriram said...

Anmp:

On Wk TA,

C=A optimal tgt is

A 6112 5664 448
B 5664 5971 -307
C 5971 5523 448

If this morphs to 1,2,3,4,5 then can easily do 5246 !!

Lets wait for more clues , before trying to buy

chetas said...

PE 5500 lost all the intrady additions, 3 lakh shedding from highs, 5300pe shedding 3.5 lakhs, 5500 ce and 5400ce also adding open interest

shriram said...

@ Chetas,

Impulsing down per me... Options OI totally bearish..

chetas said...

Suddenly DAx down 100 pts

anmpatel said...

@SMO
thanks for valuable guidance in absence of our master....

no buy below JNSAR....and not book profit now as i book partly....now will sit tight until close above DLEMA.

shriram said...

yes anmp,

lets wait for master's Monday pre-market now..

Have nice weekend all, bye

anmpatel said...

cl avg 5552.76...

SJkolkata said...

Job data had come or what,
looks like jobs data is bad.
markets falling and gold & silver giving breakout.

vishnu said...

Sir how do you calculate the avg closing price , is there any technique to do so or any formula pls guide.

Tushar Thete said...

CMP < MLO, WLO, DLO

seems shorts are still safe bet

Bye All..Have a great weekend!

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