Monday, July 29, 2013

Nifty, having closed below 50dsma on Friday, closed below 200dsma, the result of week T/F bearishness.


Manish said...

@ master

Jai Ho !!!

Adrian Jose said...

I would like to express my sincerest gratitude to … ... Ilango Sir,
from your guidance, great kindness and patience and
I wish to say a heartfelt thank you.

shriram said...


am late, missed the days action !

J.R.Julius said...

Tomorrow Never Dies.......

deepak pinto said...

Up until now nifty playing as per script and whenever it tried to lift its head it was shot down with a weak ending at about the lowest pt of the day.
Lead indicator is hitting the rocks while the rsi is at the level of triangle b support and prices yet to crash the triangle b.
Trend indicator although triggered and heading down we will be seeing lower levels .
But the triangle of b is not going to allow a gate crash and a bounce is expected . The news heavy day does make a nice setting for some spike up and down.
Which will also give some respite for the hrly tt and lead .

Iris said...


I am not holding any position now.
What should be resell area. Hoping to get it in next 1-2 days as both hourly and daily are highly OS.

Nilesh said...

@ illangoji,

in day t/f 5d reach below 10 should we partbook
or wait as week t/f in downtrend and wait uptill
week 5d to come below 10

Sujatha said...

not fair.. :P

night prayer - OMG 50-60 pnts gap up - aye namah!! so that i will 1 4 3 nifty :)

Ravi Pillai said...

Sujatha ji
I am a senior citizen.63.
Less time at my disposal.
Enakku pinnadi Neenga.
I will cover my shorts and then the field id is all yours.
I do not even know You.
Please do not mistake me.

Nilesh Patil said...

Don't know what is cooking in subbu's mind. He is a ringmaster for Banknifty :P

vksoni said...

Shriram ji
Miss the day:)
No problem
The shorting leval not come today may be tomorrow:-)

J.R.Julius said...

I think You & Your chantings are responsible for all the prior Island reversals. :p

J.R.Julius said...

@Mr.Ravi Pillai,
Happy to see your successful trade with the trend following approaches. Sticking to JNSAR with discipline will work.

rajiv malik said...

dear friends,

market has been falling for a few days.
tomorrow is rbi pronouncement.
corporate sector in one voice has request the government not to do anything that spoils the mood of the market.
jet itihad deal has been cleared with some riders.

now bank nifty to me for sure looks like pretty oversold, nifty too has been beaten a lot. can we expect a good bounce from the present levels and if such a bounce happens then will it be sustainable beyond 5900 +

views and technical opinion most welcome and would help many !

shriram said...

@ Soni ji : de dijiye bas ek baari :-)

Iris said...


what are the levels to look out for resell.

should we consider this downmove start from 6093 or 6047 for retrace to make 2nd wave before the 3rd coming soon as master indicated.

Ravi Pillai said...

Mr. J.R.Julius
YOU are the master for
What little I understood.
Now I trade based only on JNSAR My Almanac.
But I am greedy.
I want decipher E W a little at least.
May be with your guidance some day sometime.
Last but not the least: I am glad I am under watchful eyes .

rajiv malik said...

can some one confirm if singapore nifty has closed around @ 5913/5916 today

shriram said...

@ Iris:

prima - facie.. Big {C}.w3 has started from 6093 and will seek 1.236- 1.618 & greater x [6229-5566] ..

levels will come depending on if this suspected w3 is Extended or just >w1 (6229-5566)

Yogesh said...

SGX Nifty Close ( 10.30 PM IST ) 5871

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