Thursday, May 9, 2013

Nifty Pre-Market View.

Last minor rise started from 6025. (Last major rise from 5929)
Within that rise, the 1st rise was 6025.05 to 6065.50; then an irregular correction(bullish undertone)
The next rise started from 6052.65 and is presently unfolding towards 6093-6113 zone which will be followed by a minor correction for the next rise(6130?). Such a correction should hold preferably 50%, if not 61.8%; break would be the signal for aggressive trader.
Break of "6019", the (i)st wave top of green "V"th is the present reversal confirmation line..for the conservative trader.



33 comments:

DNSHUKLA said...

Good Mng Master and friends.

Bala C said...

Good Morning, Ilango Ji

Pattern Trading said...

Good morning Master and all

Chart Update: Lupin

Click Here

Prakash said...

gudmorning master and all frnds

venkatapathy l said...

Namaste Ilango Sir and blog friends

LV

Sudha Rajesh said...

Dear Guruji and Friends, Good Morning

rajapvt said...

Good morning everyone. Master, sent a mail, please check and reply at your leisure time.

rajapvt said...
This comment has been removed by the author.
NEVER GIVE UP said...

Good Morning Sir & All Friends.

J.R.Julius said...

Good Morning Sir & Blog-Mates,
Have a Prosperous 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@6102 ↑
H3@6085 ↓
L3@6053 ↑
L4@6037 ↓

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

saravanan k said...

Good morning Ilango sir & all blogmates.
Was out of town for long time. back to home town now.

Good day to all.

Rgds
Saravanan

Parminder said...

Master ilango and friends
Good morning to all
Regards

venkateshspices said...

Good Morning sir & friends

Parimal said...

Namaste Dear Sir and all friends
Have a nice day of trading

chetas said...

NF Profile Values ( From http://marketpulse-snp.blogspot.in/ )

VAH : 6072 POC : 6059 VAL : 6046

PDH : 6089.90 Close: 6075.20 PDL: 6025.30

Weekly VAH : 6023 near PDL, may be a decisive level today,

Value area range is very small just 26 points


chetas said...

Nf open high same at 6090

ALBELA HOUSE said...

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

Suraj said...

Good Morning Ilango Sir and All Friends

amber said...

Sir ILango ji and everyone good morning

chetas said...

74 Square = 5476 the April low is 5477

78 Sqaure is 6084, today high

We almost jumbed 4 squares in less than 19 days

Dinesh Rishi said...

Good Morning Master and copy to All

Stockathon said...

Good Morning Master and Friends...

Parminder said...

open high same nfuture

Ilango said...

Break of 6065 would imply weakness in intraday...

J.R.Julius said...

@Chetas,
Good Morning. Have a Nice Day.
When Value Area is Less expect Breakout/Break Down.
When Value Area is High expect Retrace BUY/SELL
Also match previous day value area with today value area. Just shared the simple tricks of Profile observations.

chetas said...

Shriram !

10th April 5477.20 low
11th paril 5610.65 High

wave 1 = 133.45

1.618 times = 215.92

on April 30low is 5868.8

so 5868.8+215.92 = 6084.72, today high being 6084.70

rock said...

Namste Ilango sir n all,plz giude me how to trade stcok acc to JNSAR.(i got stock JNSAR no frm stockwealth blog)

chetas said...

Julius,

thankyou,

since we are near top and the VAR is small, does this imply a breakout ?

J.R.Julius said...

@Chetas,
Important mail sent to you. Check it out.

JN-Follower said...

Suprabhatam Master Ilango and blogmates...

JNSAR is making wait patiently. Meanwhile exploring how to use pivot and camarilla levels.

Ilango said...

Aggressive sell @ 6065.

Ilango said...

New Post Done.

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