Tuesday, April 9, 2013

Nifty Pre-Market View.

If 5535 or 5510 is held, a small retrace for the last fall from 5755 could be expected.
Depending on the kind of retrace, larger retrace for the fall from 5971 could be considered.
A trading mode would come into play only on a close above 5605.
Hence, Sell on rises continues.
Markets are deceptive to the impatient traders/ the opinionated traders.
The patient trend follower has no such experiences.
Weak below 5540; minor strength above 5555 for the "Intraday".
"Conservative traders" would part or fully book above 5555, considering the possibility of a completion of 5 from 5971 & follow the prices.

35 comments:

Bala C said...

Good Morning, Ilango Ji

Singapore Exchange is DOWN due technical issues as of now. SO, No reference of SGX Nifty.

Nilesh Patil said...

Good Morning Master & Friends

Dinesh Palanichamy said...

@Master n JN Family
A Very Good Morning...

SANPOT said...

Good Morning Ilango Sir and Blogmates.

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@5561 ↑
H3@5552 ↓
L3@5534 ↑
L4@5525 ↓

05/04/2013 & 08/04/2013 both days NR7,
hopefully we could get breakout trades.
Keep an eye on H4 & L4. No wonder if
breakout in the opening itself.

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...

SGX to open @ 1045 SGT (0815 IST)

San said...

Good Morning Ilango Sir and Friends

BANK NIFTY Chart update: CLICK HERE

Pattern Trading said...

Good morning master :)

DLF Chart:

http://3.bp.blogspot.com/-NQHwXugvkCU/UWLcuq0IVFI/AAAAAAAABAY/u5RtoeZjhVM/s1600/DLF(15+Minutes)20130408224233.png
There are two probable patterns playing in DLF chart.
· Symmetrical Triangle
· Head and Shoulder pattern
I have marked Red Symmetrical Triangle which is almost of 12 point. On the upside breakout level is 235 above which targets are 237.5, 241 and 247. Last target is almost equal to height of left shoulder. 245-247 is an area of stiff resistance. On the down side 231-230 is strong support below which targets are 228, 226.

NEVER GIVE UP said...

Good Morning Sir & All Friends.

venkatapathy l said...

Namaste Ilango Sir and blog friends

LV

Arif said...

Ilango ji,
Good Morning...

ALBELA HOUSE said...

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

amber said...

Sir ILango ji and everyone good morning

Debdeep said...

Good Morning Ilango Sir and friends.

Parimal said...

Namaste Dear Sir and all friends
all the best for a trading day

Fire said...

Crude Oil - Potential trading superstar of 2013 -

Article Link

Parimal said...

NF at 21hrsma, conservative number 5675

shriram said...

GM Master & JN Family,

@ Pattern, Parimal : Infy :-)

sandeep said...

gm master, julius sir ,dr ji n all

Manish said...

Goodmorning master and all friends,

Have a Great Day !

Pattern Trading said...

@ Shriram. :)

Infy :) ... SBIN will follow same path soon below 2020

akki_tank007 said...

FIRE SIR

i had read your rsi article and would like to let you know that i did observe that market sold of from the overbought zone of 72 (34 week rsi observation in google charts) as pointed by you in the article. but couldn't back my observation with money. nwayz would now look at 36 zone for investing.

Parimal said...

Hi Shriram
below the swing low 2835, fast fall

suraj804 said...

Good Morning Ilango Sir and Friends

Parimal said...

Shriram, PT
SBI is at a gap, may be the same will be filled. requesting you to give some more technicals

J.R.Julius said...

Camarilla Update:
*Nifty Spot*
The Real scenario is 4 due to Gap!
Modified Levels - Now Scenario2
H4@5572 (Modified H4=H3+20)
H3@5552

Pattern Trading said...

This is OLD SBI chart ..

http://1.bp.blogspot.com/-1_Ebcm3axyc/UU2YCgo5yzI/AAAAAAAAA74/7r0CT7L1yGo/s1600/SBIIN.png

But the RED trend line is broken.. waiting for 202o to be taken by bears..

Pattern Trading said...

again i mention only below 2020

Manish said...

Thanks a lot pattern trading for these updates.....

Regards !

Dinesh Rishi said...

Good Morning Master and copy to All

Today is Bajrangbali's Day, if trend has to reverse Tuesday is perfect day. Track ORB

shriram said...

Hi Parimal:

Infy, if results r bad / FY14 outlook's saturated, then punters will try to protect St.mnEMA till friday, seeing past quarters behaviour, may be OTM PE buying on Thursday is right way to double capital... ?

Parimal said...

Wipro: what a big opening gap!!!

johnrego said...

GoodMorning Ilango Sir, and JN Family

have a good day

STOCK4SURE said...

@Shriram,Parimal &PT,

my guess is Infy is gearing for a bounce towards 2870-80 range till tomorrow

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