Monday, June 24, 2013

Nifty Pre-Market View.

Nifty retraced the last fall by less than 80% @ 5686 and falling.
Weekly channel, 1st one, would break below 5625 and the next channel support is far away @ 5400(approx).
There could be pause in between @ 5548-5583 zone.
Resistances would be weekly pivot-5706 & DEma-5731.
......................................................................................................................
The guidelines posted below the tech. table is indicative only and they work most of the times. However, there are occasions, markets have fallen just after the day it has closed above the High ema or risen after closing below Low ema.

Being alert is an understatement and watching the follow up action is equally important.

These are guidelines but one needs to make a comprehensive trading plan where in tech. table too form an integral part.

In this regard, the combination of macd (Trend indicator) and stochastics (Lead indicator) has given highly successful trade set ups. Most of my charts are also based on these.

Knowing EW helps in "mapping out the likely moves" of the market and any deviations may be fit in with an "alternative view" and if that too fail, then we go back and relook at it from a higher time frame to see the larger picture.

There are traders who follow just the tech. table and are doing well.

29 comments:

Bala C said...

Good Morning, Ilango Ji

prakashbkc said...

GM Master ,

kindly update Banknifty TA file too also in just nifty group

San said...

Good Morning Ilango Sir and Friends

NIFTY, INDIA Vix and Bank nifty updates: CLICK HERE

R.S. SUNDARAM said...

good morning Ilango sir and every one in the blog. Sundaram

prakashbkc said...

thanx Master for updating Banknifty TA file

DNSHUKLA said...

Good Mng Sir and friends.

suraj804 said...

Good Morning Ilango Sir and All Seniors and Friends

Anandha said...

Good to go on CAMARILLA levels once again today also.

Nifty Spot

H4@5706.10
H3@5686.70
L3@5648.55
L4@5629.55

BANKNIFTY
H4@11456.45
H3@11397.80
L3@11282.50
L4@11224.90

All are spot levels.

venkatapathy l said...

Namaste Ilango Sir and blog friends

LV

Nilesh Patil said...

Good Morning Master & Friends

rama balaji said...

GM Ilangoji & all blogmates

J.R.Julius said...

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

Camarilla Keylevels - Nifty Spot
H4@5706 ↑
H3@5687 ↓
L3@5649 ↑
L4@5630 ↓

amber said...

Sir ILango ji charan vandan and everyone good morning

Kirubanandam T said...

Good Morning Ilango sir & all...

NEVER GIVE UP said...

Good Morning Sir & All Friends.

Kumar said...

Namaskaaram GuruJi and Brother & Sisters,

Good Morning.

Have a Good Day :))
Ding Ding

ALBELA HOUSE said...

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

deepak pinto said...

Sir
As per tt trade taken on friday
Short
5695 sl
5615 target
Thanks

D.S.SASAN said...

Good Morning Ilango Sir, Seniors and dear Friends.

sandeep said...

gm master dr ji jilius sir n all

Nitin Kadam said...

Good Morning Master & Blogmates,

Trade Plan :-
Today's Support & Resistances :->

Support :- 5640-5610-5550-5475
Resistance :- 5685-5715-5764-5795

Trend :- Down.

Strategy:-

Positional Buy Only Above 5765.

If 5610 Protected again bounce towards 5685-5715 is possible.

Levels for Short Re-Entry Trade :-

i)5715-20 Zone.
ii)5685-90 Zone.

Happy disciplined trading to all!
Have a nice day!!

J.R.Julius said...

@Sandeepji,
Good Morning Have a Nice Day.

Sandeep Koppula said...

VIX gives a range breakout above 19.85 and up 7%. Longs- watchout!

SAM said...

GM Sir and blogmate...

Ding A Dong said...
This comment has been removed by the author.

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