Tuesday, July 23, 2013

Nifty Pre-Market View.

If the "Channel breaks" or "6016-6004" is broken, price confirmation emerges of a reversal.
Presently prices are trending up inside the channel.
Please read the new signal of "Sell on rises" in day T/F cautiously till the week T/F continues to be in upward momentum. Better trade set ups emerge when the higher T/F & lower T/F are in alignment.
"6083-6112" is the resistance zone, above which is 6134.

44 comments:

kizar khan said...

Good morning Illango Sir.

San said...

Good Morning Ilango Sir and Friends

TATA Motors Chart analysis: CLICK HERE

Bala C said...

Good Morning, Ilango Ji

Nilesh Patil said...

Good Morning Master & Friends

Bhushan said...

Good Morning Gurudev and Friends

prakashbkc said...

GM Master,

Kindly update Nifty TA file as no space is available in 35hr chart.
Also sir if possible update RIL TA file

J.R.Julius said...

Good Morning Sir & Blog-Mates,
Have a Happy and Prosperous Day. ♥
-
Camarilla Levels - Nifty Spot
H4@6065 ↑
H3@6048 ↓
L3@6015 ↑
L4@5999 ↓

DNSHUKLA said...

Good Mng Sir and Friends.

vk said...

Namskaram Guruji and blogmates.
Vinay.

rama balaji said...

GM Ilangoji & all blogmates

NEVER GIVE UP said...

Good Morning Sir & All Friends.

deepak pinto said...

Sir
Todays key nos as per TT are between 6039 and 49.
Yesterday looked like a fighting day candle.
With bulls guarding 6000 to 6030.
Bears guarding 6032 to 6064.
Honours were even in the end with 6032 close
Seperating line in the short term is clear.
Another point in the retrace table is yesterdays fall towards close ended exactly at 61.8 of 6004 to 6064.
Giving a small plus to the bulls.
So the set up is for the day
--------- <6016> no trade zone> 6050++++++

Prakash said...

Gudmorning master and all frnds

venkateshspices said...

Good Morning sir & friends

saravanan k said...

Good morning Ilango sir & all blogmates,

Rgds
Saravanan

Prabhanshu said...

Hi Mates,
Please tell me at what will be the price range for channel which Sir is talking.
Since, I am not having the access to live daily charts during office hours, so would not be able to know whether channel is broke or not.

Please advise the price range, which I can look upto.

amber said...

Sir ILango ji charan vandan and everyone good morning

johnrego said...

Good Morning Ilango Sir & JN Family friends

Arif said...

Ilango ji,
Good Morning...

ALBELA HOUSE said...

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

Prithvi Chidambaram said...

Nifty either 6075 or 6138.
Expiry is near so expect breakdown on wednesday or thursday.

Kumar said...

Namaskaaram GuruJi and Brother & Sisters,

Good Morning.

Have a Good Day. :)

Vaalga Valamudan.

Prabhanshu said...

Hi JRJ,

Any changes in CAM due to Gap up. Apologies for keep asking you on gap up/down days. I need to learn this.

Ilango said...

@ Prabhanshu,

Channel support : 5993.

Price will make lower low if breaks 6023.

Monitor the current rise's retrace from "6023 to xxxx" to manage trades.(Trailing)

Ilango said...

@ Prabhanshu,

Day Camarilla's table shows:

Above 6065 (H4), 6092(H5)

Week Camarilla's table shows:

Above 6072 (H3), 6114(H4)

(For targets, be flexible)

prakashbkc said...

Totally deceived by yesterday Sell signal in Nifty hr chart Now looking for minimising Loss

Friends, Blogmates any idea to play expiry

as I have shorted July 6000CE at 62?

AJIT PATIL said...

Good morning Ilango sir & all blogmates

Prithvi Chidambaram said...

Lots of people shorting 5800-6000CE ,no chance to exit

Trader Junkie said...

as posted yesterday - there seemed to be an expanding triangle on the 30 mins chart...that seems to have broken above 6060 approx with a height of approx 60 points...

Ilango said...

@ prakashbkc,

If the signal is to "sell on rises", why wouldn't you wait for the "Rises to emerge".

Signal was fine; your reading of it deceived you.

Suraj said...

Good Morning Ilango Sir and All Seniors and Friends

Ilango said...

@ prakashbkc,

The hour chart signals should be used for intraday only and the sell signal resulted in prices falling.

To carry shorts overnight, there wasn't any signal.

Trader Junkie said...

to add to what sir said @ Prakashbkc - you need prices to close below Low EMAs on the day time frame at-least to confidently hold shorts.

And even then,holding an OPTIONS trade overnight is a very very risky and "brave" thing to do. You need almost a guarantee of markets opening lower for your OPTION to go in your favor, especially so close to expiry.

Ding A Dong said...

Hello Friends,
Today Expecting
Resistance @ 6085 - Previous swing point
Support @ 6064 - Last day high

Have a Great Day.


Raghavendra said...

Ilango sir,

Small question on Faster retracement.

From last down move from 6134 to 5566 Nifty took 19 days, clearing 6134 today implies "faster retracement".

However, sensex did have a faster retracement by clearing 20254 ( nifty equivalent of 6134 ) yesterday.

What could be the inference of this divergence ?

Raghavendra

Kiran said...

6100 CE OI shading slowly slowly.

m.veerasamy Maruthai said...

GOOD MORNING SIR AND BLOGMATES

prakashbkc said...

Thanx Master for enlightening me about hr signal

Noted in diary with yesterday example of my trade

Master ur hand as always showing me path in this financial jungle

Now I mlooking for shorting 6200PE to fix my loss.

Ilango said...

@ Raghavendra,

Sensex is less manipulated and its signals are better.

Divergence will always be there as the composition of stocks are different.

shree said...

Expiry is just 2 days away....and in NIFTY options....none of the CE's is having OI more than 90 LK....on the contrary.....5900 PE ..OI....96 LK and 6000PE...OI....84 LK...(OI more than/nearer to 90lk suggest a big wall to cross.....and if crosses 1 CR in any option on either of the side then its a big hurdle, rarely cross that strike price..)

kat said...

Goodmorning Ilango Sir and all the blogmates!

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