Friday, July 19, 2013

Nifty Pre-Market View.

If the "intraday EW labeling continues to play out", prices should hold around the day's pivot-6021 and make a new high (around 6060) to complete "iii"rd wave.
If "ABCDE in red", it should end with that high.
If "12345 in green", that high is "iii"rd of 5th and "iv"th to hold again 6021 and another high (around 6075) to complete the 5th. And a reversal with prices being restricted below "6096".
If prices move past "6096", a relook is needed.
Above obs considered taking into a/c Month "sell on rises till MHEma+40 points" and Week entering "OB" zone.
In sum, new highs possible holding "6021"; Below "6021", it is weakness, possibly even a reversal to be confirmed with prices breaking 5993.
EOD close below "5988" is ST Bearish.
Wishing you lots of confidence & peace in your trading room.


Bala C said...

Good Morning, Ilango Ji

Kumar said...

Namaskaaram GuruJi and Brother & Sisters,

Good Morning.

Have a Good Day :)

Vaalga Valamudan.

Guru - Trading Nirvana said...

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

DNSHUKLA said...

Good Mng Sir and Friends.

Nilesh Patil said...

Good Morning Master & Friends

SANPOT said...

Good Morning Ilango Sir and Blogmates.

SANPOT said...

Dear Sir there seems to be an error in the Daily Pivot and Resist and Supports table.

rama balaji said...

GM Ilangoji & all blogmates

Ravindra M said...

GM Sir and blogmates!

krishna said...

Dear Sir,

Pls update todays pivot , R1 R2, S1 S2

R.S. SUNDARAM said...

good morning to Ilango sir and all

venkateshspices said...

Good morning sir & friends

R.S. SUNDARAM said...

good morning to Ilango sir and all


Good Morning Sir & All Friends.

venkatapathy l said...

Namaste Ilango Sir and blog friends


J.R.Julius said...

Good Morning Sir & Blog-Mates,
Have a Happy and Prosperous Day. ♥
Camarilla Levels - Nifty Spot
H4@6080 ↑
H3@6059 ↓
L3@6017 ↑
L4@5996 ↓

Ding A Dong said...

Good Morning Friends & have a good day.

J.R.Julius said...

Pivot Points can be used effectively with
the understanding of candle patterns.

Applied Pivot Point Trading - Click Here

Further Readings :
Candlestick and Pivot Point Trading Triggers
By - John L Person

Indiacharts said...

Triangle can be B/IV so post triangle pattern should be i-ii-iii-iv-v or a-b-c-d-e

Prakash said...

gud morning master and all frnds

AJIT PATIL said...

Good Morning Ilango Sir and Blogmates.

amber said...

Sir ILango ji charan vandan and everyone good morning

saravanan k said...

Good morning Ilango sir & all blogmates


Prabhanshu said...

Hey JRJ,

Any changes in cam level due to gap up? Seems gap up at H3.

Ilango said...

(3) should conclude @ Open around 6060.

And subsequent corrections should hold 6020 approx.

If prices rise beyond 6060, waves are sub-dividing.

San said...

Good Morning Ilango Sir and Friends

HDFC Chart analysis: CLICK HERE

Ilango said...

To recap:

Ilango said...
5994.5-xxxxx -(3) unfolding.

Stop now is 5994.50.

Micro monitoring & learning & earning.
July 18, 2013 at 2:47 PM

Ilango said...

(2)nd of 3rd took 34 mins & 10 points;

(4)th of 3rd is on presently.

It would be more than 10 points; already done; now for "time".

(5)th of 3rd is pending.

Prithvi Chidambaram said...

is it good time to carry long at this stage for next month????

Prithvi Chidambaram said...

EW says that B would finish near @6075-6138,also OB week ly,monthly,

So planning to sell at good level with good stop

as monthly Hema or EW tgt.+40point

Anandha said...

Sir, Nifty made 6066, Can we see iii rd wave completed. Also the ABCDE done and possibly will it breakdown the triangle. C wave started downwards?

Guru - Trading Nirvana said...

Master if (5)th of 3rd is pending, then looks like first half most probably last days close should hold which is 6038-36 which would complete the 4 and rally for 5th should start.. making new high may be even 6096-6100 range...observation based on OI...

Sandy said...

Ilango please correct me if I am wrong wave (4) has the following time relation
wave (4) > Wave(3) in time and
often wave (4) > wave (0) -> Wave(3) in time.

Here the context may come different as it may form a triangle or a diametric as this is the second corrective after the X-wave and in general topping out happens in such way. The triangle & diametrics will be exception to all rules in one or two legs.

Nilesh Patil said...

Thank You so much for your valuable inputs.

Sonu said...

@ Ilango Sir,
possibility of a truncated 5?

Ilango said...

@ Anandha,

One more high will complete 3rd, after the current (4)th wave.

If "ABCDE", then that would be the top.

We prefer the "12345" kind which could go still higher.

Until then, protect 6021.

Ilango said...

"5995-6067 retrace is on.


Ilango said...

@ Sonu,

Why imagine?

If any hesitation in prices, only then should you consider it.

Sonu said...

Imagination is running wild due to global cues and Detroit news.
Next time will try to keep break on imagination.
Thanks :)

m.veerasamy Maruthai said...


dharmu mishra said...

respected llango sir in initial move itself nifty went to 6066 crossed 6060 should we consider it as wave sub dividing thanks

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