Wednesday, July 24, 2013

Nifty Pre-Market View.

Nifty remains weak below 6087, 80% of the last small fall from 6093-6065.
Above 6087, prices would attempt to test "6112-34".
More weakness below 6031-34Hr sma; 6033-5DEma; 6037-80% of last rise from 6023-93.
Hour channel support @6005-10, developing JNSAR.
Option experts would have the remaining two days to their liking. Show us the way.
Wishing you lots of confidence & peace in your trading room.


prakashbkc said...

GM Master,

Kindly upadate Nifty TA file in google groups as earlier Nifty TA file of 22July has no space in 35hr chart

Ding A Dong said...

Good Morning Friends,

Have a Great Day.

Kumar said...

Namaskaaram GuruJi and Brother & Sisters,

Good Morning.

Have a Good Day :)

Vaalga Valamudan

San said...

Good Morning Ilango Sir and Friends

Ambuja Cement Chart analysis: CLICK HERE

Bala C said...

Good Morning, Ilango Ji

rama balaji said...

GM Ilangoji & all Blogmates

Nilesh Patil said...

Good Morning Master & Friends

DNSHUKLA said...

Good Mng Sir and Friends.

J.R.Julius said...

Good Morning Sir & Blog-Mates,
Have a Happy and Prosperous Day. ♥
Camarilla Keylevels - Nifty Spot
H4@6095 ↑
H3@6087 ↓
L3@6069 ↑
L4@6060 ↓

*If opened away from the ranges FOLLOW other TA

venkateshspices said...

Good Morning sir & friends


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

Prakash said...

gud morning master and all frnds

amber said...

Sir ILango ji charan vandan and everyone good morning

R.S. SUNDARAM said...

good morning Ilango sir and all.

saravanan k said...

Good morning Ilango sir & all Blogmates


venkatapathy l said...

Namaste Ilango Sir and blog friends



Good Morning Sir & All Friends.

Arif said...

Ilango ji,
Good Morning...

Suraj said...

Good Morning Ilango Sir and All Seniors and Friends

dharmu mishra said...

Respected llango sir as u said today Nifty remains weak below 6087, 80% of the last small fall from 6093-6065. can i add this as a lesson to always trade with this knowledge in mind that 80% of last rise or fall r always big resistence ad support to the market. thanks pls enhense my knowledge sir

Yogesh said...

As Regards Options, Frankly better nothing to be said just briefly. It is like showing the way to enter Chakravuha. Half knowledge about Options is highly dangerous, one is better off staying totally away. This is my frank opinion.

Ilango said...


Negative divergences;

EW's completion of corrective rise with a triangle in its "b" & post "b" being a terminal move.

"6023", last low being breached;

"Sell on rises" for the retrace of "6087 to 6022" @ either 6047(38%) or 6055(50%) or 6062(61.8%)

Ilango said...

"6065", the 1st wave/ fall bottom should be the stop for such shorts.

Raghavendra said...

Dear Ilango sir and All,

Small observation on as-is Nifty price action :

Potential for a "abandoned baby" - "Bearish island" reversal" candle stick pattern if prices don't move above 6062 today.

23rd Gap up & range : 6062 - 6093.
24th Gap down & range : 6022 - 6047.

23rd was also a NR7 day.


ak said...

sir and seniors
gm to all

banknifty is down too much

any chances of shortcovering??

Sujatha said...

GM sir nd friends :)

Julius - Jai Jai ho for "gap down" :) today's gapdown below DHEMA/MEMA and on the head of 5EMA. another gapdown of 50-60 pnts will easily hit direct JNSAR :) (wht a selfish??) Jan 18th candle 6048-6083. but i am always ready with "another coat" to change when the time comes.. in......n?? my assumption is breakes below 6020(NF) will give good down move or else not??

hv a good day to all.

PS : where is your signal??

deepak pinto said...

Yesterdays action showed reluctance to go higher.
Abandoned baby was a possibility.
Todays gap down also supports this idea
Good stop of ew candlestick.
Low risk .Chances of high reward Possible.

dharmu mishra said...

respected llago sir since 6023 is breached today shall we only concentrate on its retracements ad carry the shorts or we should consider few more thing along with us to trade sharply if so what r they. thanks for ur guidence

Sandeep Koppula said...
This comment has been removed by the author.
Sandeep Koppula said...

BN broke recent lows of 10830 and 10839 made on 17th & 18th respectively. Close below 10800 today may result in a downmove of 200-300 points.

rose mary said...

Below 6027 (80% retracement to rise from 6022 to 6047). hour channel support may be targetted. 6005-10 as suggested by sir in pre market view.

Good entry for small longs with SAR as 5992.

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