Tuesday, May 14, 2013

Nifty Pre-Market View.

Persistent -ve divergences in hour TA & the break of 6082 suggested the reversal after exhaustion..
It got confirmed with the break of 6043.
It was suggested that DLEma less 20 points @ 5975 would be the target and it did @ Channel bottom.
"5971" has been a triple resistance during the fall towards 5477. The same could act as a support now.
More weakness would be below it.
A bounce would be on retracing either 6105 or 6115.
JNSAR whipsaw was anticipated & a 20 point filter:5991-20=5971 would have protected the longs.
1st resistances would be @ 6043(Wk.pivot), followed by 6051-59(21 Hr/34Hr Smas).
Always follow the new signals from the market prices, a discipline worth cultivating and to stay calm while there are all kinds of noises coming from hasty, unsettled fellow traders.
Start believing in your own observations, the only way to get rich slowly & quietly...
Remember to respect the new signal from the prices..



31 comments:

Bala C said...

Good Morning, Ilango Ji

Pattern Trading said...

Good morning master and all

Chart Update Havells and Reliance Infra:Click Here

ITC Chart Update: Click Here

jagannathan said...

Start believing in your own observations, the only way to get rich slowly & quietly...I feel this is the golden words everyone should remember

Nilesh Patil said...

Good Morning Master & Friends

San said...

Good Morning Ilango Sir and Friends

RELIANCE Industries chart analysis: CLICK HERE

amber said...

Sir ILango ji charan vandan and everyone good morning

Prakash said...

Gud Morning Master & All Frnds

venkatapathy l said...

Namaste Ilango sir and blog friends

LV

sudharsan said...

Good Morning Master and Friends.....@ Master conservative trade table is not added

San said...

NIFTY Chart update: CLICK HERE

Dinesh Rishi said...

Good Morning Master and copy to All.

varun kumar said...

llango sir good morning
sir, I have small doubt. Yesterday Jnsar triggered short @5991 and today Jnsar is 6011. If today Jnsar hit then we should go long with 20 point filter or should apply 20 point filter to today Jnsar 6011+20=6031 to protect yesterday short?
thank you sir

ALBELA HOUSE said...

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

DNSHUKLA said...

Good Mng Master and fiends.

venkateshspices said...

Good Morning sir & friends

deepak pinto said...


sir
jnsar short
prices cracking dlema whema and mhema.
last 5 is a terminal wave a 5861 to 6019
a=c 5930 to 6083
50% of a and c 6040 to
6114
double top classical TA
stochastic macd rsi pointing down after the divergences

sell on rises is the flavour of the day.
between 5867 to 5930 area is the first target of the terminal.

Abhi said...

Sir,

You did not update the conservative trade part in the TT?

Yash and Dhan said...

Good Morning Sir and dear friends.

Parminder said...

Master ilango and friends
Good morning to all
Regards

rajapvt said...

Good morning master and everyone. Crystal clear numbers and way to trade in the pre-market view.

J.R.Julius said...

Good Morning Sir & Blog-Mates,
Have a Prosperous Day.

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.

Camarilla Keylevels - Nifty Spot
H4@6053 ↑
H3@6017 ↓
L3@5944 ↑
L4@5908 ↓

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

NEVER GIVE UP said...

Good Morning Sir & All Friends.

Jalagamvenkat said...

Good morning Master and All Freinds,

deepak pinto said...

sir
please could u tell the reason for considering 6105 and not the top 6114 in the retracement table

Stockathon said...

Good Morning Master & Friends...

JN-Follower said...

Suprabhatam to master Ilango and all blogmates...

Ilango said...

@ deepak pinto,

(v)th vth ended as truncated while BN made its high @ 12865 at the same moment.

Ilango said...

"5971", previous triple resistance turned support holding presently for a bounce...

Break will happen eventually if technical conditions remain "Red"..

Ilango said...

New Post Done..

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