Monday, April 8, 2013

Nifty Pre-Market View.

Has the 3rd wave started from "5755" or
is it the "v"th of the fall from "5971"..?
Follow the retracement from 5755 to XXXX whenever a ST bottom is done.
5509 is Wk's S1 & 5512 is Day's S2 & 5511 is Camarilla's LL5.
And "5511" is the 38% retrace of the entire rise from 4531 to 6112.
Presently, "5535" the month's S1 is done.
Hence, below 5535, "5510" is the most crucial number for the day.
Lemas would be the initial resistances followed by 21 Hr Sma.
I'll not be available to update during morning session.



41 comments:

Pattern Trading said...

Good morning master ..

ITC chart update :
http://1.bp.blogspot.com/-9aaF3BW-ehA/UWDs8WoujeI/AAAAAAAABAA/yeHqpbvdaSo/s1600/ITC+weeekly.png

http://3.bp.blogspot.com/-SUb84BDAuCQ/UWDtI5Y-99I/AAAAAAAABAI/tGLvl3fCxzE/s1600/ITC+daily.png

Price has been trending continuously from Oct 2008 lows of 66 to recent high of 310. Friday price breached and close below the price channel.

Trend line support at 290.
Minor support at 285.
200 days moving average ar 280.5.
5 months low SMA at 283.
Blue uptrend line in day time frame.

NEVER GIVE UP said...

Good Morning Sir & All Friends.

ALBELA HOUSE said...

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

Dinesh Palanichamy said...

@Master n JN Family
A warm good morning...

J.R.Julius said...

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

Camarilla Keylevels - Nifty Spot
H4@5577 ↑
H3@5565 ↓
L3@5542 ↑
L4@5530 ↓

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

Bala C said...

Good Morning, Ilango Ji

venkatapathy l said...

Namaste Ilango Sir and blog friends.

LV

Parimal said...

Namaste Dear Sir and all friends
Have a nice trading day

SANPOT said...

Good Morning Ilango Sir and Blogmates.

SANPOT said...

Dear Ilango Sir my Heartfelt Condolences on the sad demise of your niece, may her SOUL rest in Eternal Peace.

Guru said...

Very good morning to all.. have a gr8 day ahead!!

saravanan k said...

Good morning Ilango sir & all blogmates,

Rgds
Saravanan

chetas said...

profile values, (from Sanjai sir blog)

Value Are high (VAH) = 5592 (d)

Point of Control (POC) = 5581

Value Are low (VAL) = 5570

WVAP : 5578.62

Avg yesterday selling price by FII 5573 ( short built up 19 Lakhs )

1) The Value Are Range is Small 22 points.

2) NF- high Low close 5594/5552.8/5560.15

3) SGX touched a low of 5480 on friday trade (when us Gap down 1.5%)

4) weekly VAl 5555 and weekly POC is 5589

amber said...

Sir ILango ji and everyone good morning

chetas said...

Nf open low same at 5550,

Yash and Dhan said...

Dear Ilango Sir,
I bow to your commitment.
“There's a difference between interest
and commitment. When you're interested in doing something, you do it only when it's convenient. When you're committed to something, you
accept no excuses."
Thank you for being with us all times.

chetas said...

BNF also Open low same

Amol Sharma said...

5575 acting resistance for now.

suraj804 said...

Good Morning Ilango Sir and Friends

SJkolkata said...

Master,
My heart felt condolences for the sad demise of your niece.
May her Soul rest in peace and give strength to the aggrieved family.

Out of 42 scripts of F&O on my screen 38 has open low as same.

Regards

J.R.Julius said...

Camarilla Update:
Safe Traders can ONLY FOCUS on Breakout
levels [H4&L4] with Proper Risk Management.

Ashwin said...

Dear Master,
My heart felt condolences.May her Soul rest in peace.

STOCK4SURE said...

a small contracting triangle developing in 5 min charts
5567 and 5547 are levels to watch,may trade within this range till 11.30am

may expect 35-40 pt move on break of either side

AJIT PATIL said...

Good morning Ilango sir & all blogmates

STOCK4SURE said...

an expanding triangle is devloping in 30 min 10day charts

4th leg is near completion

4th leg had already tested lower T/L of expanding triangle

but generally 4th wave gives a false break from T/L and the next move the 5th wave to upper T/L can be fast towards trgts of 5800-5810

buy nifty for positional trade on dips near 5520-5510 ns range with sl below 5470

nath said...

vivekji use vivek

Dinesh Rishi said...

Good Morning Master and copy to All

Dinesh Rishi said...

@ 5575 a big order of 318445 lots sell qty is sitting

STOCK4SURE said...

spot and fut both opened at same level today 5550
spot made a low of 5544 after that but fut open low is same at 5550
5500pe open and low is same

Sanjay Jaiswal said...

Dear Ilango Sir & Blogmates,

OI Table Update at 11:00AM, Pivot-5573, S1-5552, R1-5593, ATP-5574, VWAP-5574

CE writers are taking it easy with small addition from 5500-5800 range, but the PE writers are totally absent with very small addition at 5500, Upside looks capped, but no aggressive postion right now…

Thanks & Regards

STOCK4SURE said...

sorry typo
5500pe open and high is same

krishna varma said...

does anyone have full knowledge of nifty open interest and option how can we predict the market by watching open interest..

chetas said...

Nifty has closed below the Lower b>b on weekly basis, Lowerr B>B, ( simple , 20,2) on last week close was 5579 levels, .

today NS is already trading below it, last time we closed below weekly Lower bb and also traded the next day below that level, was on 5th August 2011, and the next week the entire week we traded below that level,.

Also the daily lower BB is rapidly expanding, now it is at approx 5493, moving down every day by >10 pts.

chetas said...

correction, read Lower B.B

Parimal said...

Chetas
5544 is 50wk sma as mentioned by SAN, price has to make a move from this range

chetas said...

Spot POC :

1/2/5/10 day POC in Nifty spot is around 5550-5555 levels.,

Source : http://volumedigger.com/Charts/Volume_Profile_Charts.aspx

chetas said...

looks like not tradeable intrady for me, better to go out for a cofee,

Sharing my observations :

1) 5535, if holding , double bottom possible, will show effect above yesterday high.

2) unfilled gap betwen 5525-5446 levels, can be a fast fall, if gap start to fill, 5442 also 50% retrace of 4770-6112

3) reststance should come at 200dma

(my dream scenerio is a rally to 200dma then gapdown open below 5440, forming a island top, so i will wait for that )





bye friend

mynac said...

GM Everybody,
Dear Sanjay,
No doubt,sellers have upper hand @ this moment,nevertheless 5 lac addition in 5500 PE with 8 lac NF addition,would be slightly heartening news for Buyers....

Probably after new low,(which would be not far below with present low)the chances of sharp bounce back are there is feeling @ this moment...
5535 would prove key No. for this ....
Let us see...

Amol Sharma said...

@chetas do not excite this is start of week and Intraday approx. only 3 hours passed do study read charts.

Parimal said...

RIL is doing some retracement, perhaps it is holding Nifty

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