Monday, May 20, 2013

Nifty Pre-Market View.

Markets are entering a crucial week with 6260-80 being the weekly channel resistance.
If it is the "Green 3", it would move past 6280 & 6339, all time high and head higher impulsively. To make it happen, it needs to stay above 6146, the green "ii".
BN has moved higher to all time highs impulsively.
In new territory, it is prudent to trail....



33 comments:

Bala C said...

Good Morning, Ilango Ji

San said...

Good Morning Ilango Sir and Friends

ITC Chart analysis: CLICK HERE

venkatapathy l said...

Namaste Ilango sir and blog friends

LV

Suraj said...

Good Morning Ilango Sir and All Friends

amber said...

Sir ILango ji charan vandan and everyone good morning

ALBELA HOUSE said...

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

rama balaji said...

GM Ilangoji & all Blogmates

ITradeForProfit Daily said...

GM Master,

Any particular reason for keeping the FIBO retracement table empty for today?

venkateshspices said...

Good morning sir & friends

Parimal said...

I offer my profound respect and sincere-most gratitude to the Master Ilango for his matchless teachings.

rochak parekh said...

good morning all

morning pre market trades

nifty spot shows a FREAK trade of 6392

mind U all, ITS A FREAK TRADE ONLY

OM SAI RAM

J.R.Julius said...

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

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@6217 ↑
H3@6202 ↓
L3@6173 ↑
L4@6158 ↓


Weekly Levels
WH4@6314 ↑
WH3@6251 ↓
WL3@6124 ↑
WL4@6061 ↓


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

M D Dharmendra said...

Dear Sir,

Good Morning,

Can you please explain in an Irregular correction how much wave B extends when compared to wave A
Thanks

Ding A Dong said...

present sir.... and hello friends....

sujatha madam reply padichingla?

its more like attendance sheet of JN school...

Ding Dong Data to Watch out-

Closing fallow a CE OI levels to spot that CE writers are not shifting the their base from 6200 to 63/6400!!!

Ding Dongs Niche Research Report only for FII's will be given to you all by noon hahhaha bcoz you are my FII - (Friends In Investment)

JRJ waiting for your morning Camarilla Ritual...

great day to all...

Ashwin said...

Good Mrng Ilango sir & JN Family :)

rajapvt said...

Good morning every one. Have green day.

prakashbkc said...

GM Julius sir,

Breakout above H$ What is the target sir?

Prakash said...

Gud Morning Master & all frnds

Nilesh Patil said...

Good Morning Master & Friends

prakashbkc said...

GM Julius sir,

Breakout above H4 What is the target sir?

Ding A Dong said...

@prakashbkc

if the gap up breakout holds then the targets may be
161.8% - 6232
261.8% - 6284
342.7% - 6327

levels based on HLC 6199-6146-6187

Piyush Sharda said...

@rochak parekh,
nifty spot high is 6229 till now

deepak pinto said...

Sir
Gap up as expected.
Can we now trail with 6199 .the high of fridays morning session considering downmove will enter territory of corrective 4. Also 2-4 TL break .

Ilango said...

BN to be managed with 13202 to 13414 retrace.

Breach of 13254 is the 1st weakness signal.

Ilango said...

Nifty to be managed with 6183 to 6229 retrace.

Breach of 6163 is the 1st weakness signal.

Parminder said...

Master ilango and friends,
Good morning to all
Regards

Ding A Dong said...

FII FACTS
• NIFTY PCR_OI has continue to move up at 1.26 from 1.21 (with Intra
Week high 1.27); 6000 PE on Friday saw maximum addition i.e. 4.48 lakh
shares (with total OI 83 lakh shares), PCR _OI 2.56, On other hand 6200
CE add 3.87 lakh shares, add on Friday total OI with 75.39 lakh shares
PCR_OI at 0.62, clearly implying expected range for NIFTY for next week
at 5980‐6270.

• INDIA VIX correct by 1% at 17.57, still holding above 17.5 levels, we have
to watch for if sustains above 18‐18.5 and moves above 20 levels, may
lead to higher uncertainty and NIFTY may have to face selling pressure at
higher levels at 6220‐6250 levels.
.
• FIIs turned sellers in NIFTY Fut. Rs 310 Cr. (post 10 days buying, long
unwind, last one week bought 283 Cr., volume coming down); post 1 day
of selling, turned buyers INDEX Options 25 Cr (magnitude of option
buying low, implying FIIs expect volatility to correct from high current
levels), stock futures continue to be sellers 107 Cr; buying continues in
cash with serious momentum gain 867 Cr., with unwinding longs in NIFTY,
however Cash buying momentum intact , NIFTY may find stiff resistance
at higher levels 6230‐6250 levels

• Over all PE writers continue to form aggressive positions, Index
will find support 6050-6120 levels.

DING A DONGS RECOMMENDATIONS –

ALL FIIS LISTEN TO ME … JUST FINISH ALL YOUR WORK AT TOP OF THE PRICE BY SELLING ALL YOUR CE AND BUY LOT OF PE
(EOD FII STATS SHOULD BE WATCHED) AND START SELLING YOUR HUGE NIFTY HOLDINGS ( NEARLY 30 LACKS - SOURCE NSEINDIA)

deepak pinto said...

Awaiting update and retrace table

cooldent said...

Dr saaab

Silver lower circuit

JN-Follower said...

Suprabhatam Master Ilango and JN friends...

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