Thursday, July 25, 2013

Nifty Pre-Market View.

The intraday consolidation would be considered as (iv) of the fall from 6093 (Or could be from 6047).
Hence, a pause is likely below 5962, preferably around 5942-44.
Last rise full retracement is 5927 or 5911.
ED retraces itself fully and ED started from "5803", provided prices do not retrace any fall more than 61.8% or 80%.
VIX range for the day is "5937 to 6042".

48 comments:

Bala C said...

Good Morning, Ilango Ji

DNSHUKLA said...

Good Mng Sir and Friends.

jvr said...

Good Morning Master and Friends

NEVER GIVE UP said...

Good Morning Sir & All Friends.

San said...

Good Morning Ilango Sir and Friends

BANK Nifty Chart analys: CLICK HERE

venkateshspices said...

Good Morning Sir & friends

Kumar said...

Namaskaaram GuruJi and Brother & Sisters,

Good Morning.

Have a Good Day :)

Vaalga Valamudan

ALBELA HOUSE said...

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

Suraj said...

Good Morning Ilango Sir and All Seniors and Friends

Ding A Dong said...

Wish you all a great day :-)

rama balaji said...

GM Ilangoji & all blogmates

Manish said...

Goodmorning master and all friends,

"ED retraces itself fully and ED started from "5803", provided prices do not retrace any fall more than 61.8% or 80%."

Jai Ho !!!

marina s rao said...

Good Morning Master and blogmates. What is full form of "ED". Plz clarify. ThanX in advance - M S Rao

vk said...

Namaskaram Guruji and Blogmates.
Vinay.

lalitlk said...

Good morning !

Here is something to share

Based on #NSE historical OHLC value for #NIFTY #Index #Mirror #Inversion projection made expecting #Alltime # High
http://t.co/XLEe6wCKmQ

Prabhanshu said...

Hi Sir,
Didn't understand below one:
ED retraces itself fully and ED started from "5803",
What is ED?

saravanan k said...

Good morning Ilango sir & all blogmates,

Rgds
Saravanan

Bharat Kumar said...

@Ilango Sir - When you mention that "ED retraces itself fully", then can we say that prices retrace usually to the start of the triangle? is yes, then what could the retracment be at before the next downmove starts seeking 5803? Kindly reply.

Prakash said...

gudmorning master and all frnds

R.S. SUNDARAM said...

good morning Ilango sir and every one here

vksoni said...

good morning ilango sir and blogmates

vksoni said...
This comment has been removed by the author.
vksoni said...

Friends today is expiry and lets have a contest here.
July Nifty Expiry Guessing Contest.
The rules are simple- There are only 3.
a) Just call out the series close for july.
b) No wild guess. A reason is must. Everybody must give a expected close figure and reason for that.
no range (4000-4050) ,only one figure e.g.4000
c) You need to do entry between 9:15 to 2:30, hurry up

Seniors plz contribute.

sandeep bhoite said...

@ Lalitlk

GM Sir & Welcome to our JN Family ( as I think this is your 1st post on blog ) . Many reader & novice will learn good things from your experience here.

Raghavendra said...

Dear MS Rao , Prabhanshu, Bharat Kumar,

Though , you have requested Master - Below is the details what Master has mentioned.

1. ED = Ending Diagonal. Usually the last move up or down with overlapping waves . ED is triangle with 2 long legs. ED's also referred as "rising / falling" wedges.

2. Rising ED's are extremely bearish and retraces fully in 25% to 50% of the time taken to form.

3. In Nifty - ED formed as "C" leg of Wave 2 rise as marked in above chart with start point as "5803".

4. Due to severe bearish nature - any of the falling legs from 6093 - prices should not retrace beyond 61.8 to 80% .

Raghavendra

3. Due to

Nilesh Patil said...

Good Morning Master & Friends

Bhushan said...

Good Morning Gurudev and Friends

Prabhanshu said...

Thanks Raghavendra

varun kumar said...

Good Morning ilango sir

sarvesh said...

Good morning, sir!!

Sandy said...

Ilango Sensex hasn't yet broken it's 0-b line. In the context an x-wave completion at 5926 and second corrective probable triangle a-leg over at day before high and b-leg developing as a flat is a high possibility as well. Can it also be incorporated in your count?

Bharat Kumar said...

@Raghavendra - Thanks!

venkatapathy l said...

Namaste Ilango Sir and blog friends

LV

AimNifty said...

@Raghavendra

Time taken 61 hours from 5803 to 6093.

amber said...

Sir ILango ji charan vandan and everyone good morning

marina s rao said...

ThankU very much Raghavendra - M S Rao

Sujatha said...

GM sir nd friends :)

SPOT 5985to5988 hardnut..anytime sparkling upmovement is possible is my assumption any views charters??

autos - y so harsh reply to rochak?? :( err is human. definitely he knows something what to do further..but asking us for "second opinion" or much experienced people are here he may get good advise.. ofcourse he got also. no other intention to hurt you. just my opinion.

It's Sir's Broadmind that he allows him to post about his issue. really i admire him and thankful for his kind help.

regds

m.veerasamy Maruthai said...

GOOD MORNING SIR AND BLOGMATES

Raghavendra said...
This comment has been removed by the author.
mynac said...

GM Everybody,
On Expiry day,today Bulls are trying to defend initial HVT @ 5984.40,with cash turnover above 1000 Cr.in first 17 minutes is not bad.
The main culprit from sellers point of view would be present and next series NF O.I.,which is below 1 Cr and hardly above 1.5 cr. respectively..and it is observed that,with these type of O.I.,it becomes tough for sellers to press nifty too easily..well below for their desired levels,though Nifty trading below JNSAR.
So let us see,the result in the latter trading half ,till then Bye everybody..

Raghavendra said...

Dear VK Soni,

Please consider my expiry number : 5939

During the week - Nifty tested Week R1 @6092 and then a reversal . Staying below Week Pivot will seek Week S1 @5939.

Raghavendra

AimNifty said...

@Raghavendra,

"2. Rising ED's are extremely bearish and retraces fully in 25% to 50% of the time taken to form."

For this to happen nifty must reach 5800 by Monday EOD or Tuesday Morning which will validate 50% time for full retrace of ED

Aijaz said...

Is the SL for JNSAR shorts 6026? and should we go long at 6026?

shree said...

Expiry guess...5945......S1....Cam L4

shree said...

and many more reasons

AimNifty said...

@VK Soni,

My expiry number is 5915
1. Daily - S2 support level. also CAM L5+10
2. I expect nifty to reach CAM L5 in last hour and end the series nearby.

Raghavendra said...

@ Aim Nifty,

25 to 50% is a Neo Wave guidelines and it also line up with Master's note yesterday on a "reversal" confirmation.

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Ilango said...

@ ravi,

As long as Nifty keeps below either 61.8% or 80% of last fall(Presently from 6093 to 5968),

it will attempt to "close below 5942" EOW-26th July to confirm a weekly reversal

and would attempt to "close below 5858" on 31st July to continue month downtrend.

Once these happen, we could look at other likely targets or key supports combining TA+EW.
July 24, 2013 at 11:27 AM
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