Thursday, July 18, 2013

Nifty Pre-Market View.

"ii"nd waves can retrace more than 80%(6013) & above even 90%(6025) but should not move past "i"st wave high of 6037.
If it does, we have the alt. view of a complex corrective, either an "ABCDE" or an "abc-X-abc".
Though prices broke below the critical resistance of "5970", they did not sustain below it.
As long as the prices remain above 5970, upward bias remains irrespective of any other factors.
India VIX @ 19+ would make it a larger intraday ranges. Make use of them.
Wishing you lots of confidence & peace in your trading room.

34 comments:

Bala C said...

Good Morning, Ilango Ji

SANPOT said...

Good Morning Ilango Sir and Blogmates.

salimkabani said...

Good morning sir n blogmates.

San said...

Good Morning Ilango Sir and Friends

AXIS BANK Chart analysis: CLICK HERE

srinivasan k said...

Good morning master& friends.

DNSHUKLA said...

Good Mng Sir and Friends.

saravanan k said...

Good morning Ilango sir & all blogmates

RGds
Saravanan

Kumar said...

Namaskaaram GuruJi and Brother & Sisters,

Good Morning.

Have a Good Day :)

Vaalga Valamudan.

NEVER GIVE UP said...

Good Morning Sir & All Friends.

Prakash said...

gud morning master and all frnds

rama balaji said...

GM Ilangoji & all blogmates,
Very happy to see lighter moments yesday,
wish to see everyday

Nilesh Patil said...

Good Morning Master & Friends

Guru - Trading Nirvana said...

Good morning masters and friends.. have a great and prosperous day ahead!!

Manish said...

Goodmorning master and all friends.

Have a Great Day !!!

venkateshspices said...

Good Morning sir & friends

herry said...
This comment has been removed by the author.
R.S. SUNDARAM said...

hi good morning ilango sir and all

venkatapathy l said...

Namaste Ilango Sir and blog friends

LV

AJIT PATIL said...

Good morning Ilango sir & all blogmates

sushil said...

GOOD MORNING MASTER AND BLOGMATES

dharmu mishra said...

nilesh sir shall we reverse our short position till price remain above 5970

Arif said...

Ilango ji,
Good Morning...

J.R.Julius said...

Good Morning Sir & Blog-Mates,
Have a Happy and Prosperous Day. ♥
-
Camarilla Keylevels[Modified] - Nifty Spot
H4@6008 ↑
H3@5988 ↓
L3@5959 ↑
L4@5939 ↓

Ravi Pillai said...

Good Morning
Julius Sir
When you find time please send a test mail .
I have doubts
Ravi

Pattern Trading said...

Good morning master if abcde view is considered wave E cannot go above 6130.. because at that point wave E will be greater than wave C

Sujatha said...

Good morning sir and friends :)

Julius - why blood??? the sameeeeeee blood :) Iyya innaikkum "mokka" dhan poduvar. trading opportunity tharuvar, thandhutaar yenakku. varatta piragu vaaarenn

have a good day to all.

dharmu mishra said...

respected llango sir as the price is above 5970 we shall we trade for calls or we should hold the shorts with a stoploss if so what should b the sl for intraday for holding the put ad why sir pls guide so that we will learn such kind of situations thanks

amber said...

Sir ILango ji charan vandan and everyone good morning

Ilango said...

@ dharmu mishra,

Consider "5970" as the pivotal central point for the day.

Consider "6001-25" as the selling zone.

Consider "5935-44" as the support & break down point for more lows.

Break out would be above 6040.

Sujatha said...

sir - something fishy feeling ingittu irundhu support yeduthu 6021/23 yellam kodukkum pola if 5973 protects.. mm..dhammal coat changed already :) system vittu naralamnu partha.. attam kalai kattudhu

dharmu mishra said...

respected sir thanks for ur guidence sir as u said breakout would b above 6040 is it because 1st wave high is 6037 hence we should consider that or some other reason thanks

Sandy said...

Sujata please use user friendly language for benefit of all.

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