Friday, July 26, 2013

Nifty Pre-Market View.

Bounces, if any, would have to deal with "5942-71", WEma, DLEma & the critical resistance again.
A pause for intraday is possible around 5870-85, 5mth & 30Wk Smas.
A close below 5942 would confirm a weekly reversal and a close below 5921 would confirm a bearish "Evening star pattern" in the weekly candle chart.
BN's last month's Evening star produced a "1000 points fall". That is "Crane's strategy".
Wishing you lots of confidence & peace in your trading room.

28 comments:

Pattern Trading said...

Good morning master charan sparsh

R.S. SUNDARAM said...

good morning Ilango sir and everyone here.

Kumar said...

Namaskaaram GuruJi and Brother & Sisters,

Good Morning.

Have a Good Day :)

Vaalga Valamudan

San said...

Good Morning Ilango Sir and Friends

NIFTY Support levels: CLICK HERE

Anandha said...

GM Ilango sir.

Is there a probability that Nifty see the levels of 5970 - 5975 which is low of (i) of 1 of C?
Lead indicator shows highly over sold.

vk said...

Namaskaram Guruji and Blogmates.
Vinay.

Ravi Pillai said...

SIR
Good Morning.
Ravi

venkateshspices said...

Good Morning Sir & friends

venkatapathy l said...

Namaste Ilango Sir and blog friends

LV

Suraj said...

Good Morning Ilango Sir and Seniors and Friends

Nilesh Patil said...

Good Morning master & Friends

Manish said...

Goodmorning master and all friends,
1.ED retraces itself fully and ED started from "5803", provided prices do not retrace any fall more than 61.8% or 80%.
2.A close below 5942 would confirm a weekly reversal and a close below 5921 would confirm a bearish "Evening star pattern" in the weekly candle chart.
BN's last month's Evening star produced a "1000 points fall". That is "Crane's strategy".

Jai Ho !!!

NEVER GIVE UP said...

Good Morning Sir & All Friends.

rama balaji said...

GM Ilangoji & all blogmates

ALBELA HOUSE said...

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

Sahil said...

Good Morning Everybody..

deepak pinto said...

Sir
We are at the top of b triangle 5904 to 5760.
Strong support.
A bounce is logical possibility.
The c of from 5803 took 9 days.
As per nw
If it was terminal then it should take 50% of the time to retrace almost completely.
As all indicators are pointing down logically 5803 is target in by tue wed theoretically.
If we do that then post zz b wave is confimed.
If not alt open up.
Hence crucial time ahead
That gives time target of 3more trading days.
For 100 points from where we are.

Prakash said...

gudmorning master and all frnds

amber said...

Sir ILango ji charan vandan and everyone good morning

pravin said...

Good Morning to all.
Today is "Kargil Vijay Din" 14th anniversary. Lets remember those brave souls.

Piyush Sharda said...

sir,

i didnt understand the significance of
5921 in evening star

m.veerasamy Maruthai said...

GOOD MORNING SIR AND BLOGMATES

AimNifty said...

@Master

Can we consider bounce of 48 points from yesterday's low as "iv.a"?

i = 6047-5963 = 84
ii = 5963-5998 = 35
iii = 5991-5896 = 95

Master, Am I following it correctly?

Also I am going to watch below mentioned cluster of support very closely today.

Week S2 - 5848
Day Cam L4 - 5856
Day Classic S1 - 5872

jvr said...

Morning Master and Blog mates
@ Piyush Sharda

Evening star formations can be useful in determining trend changes

For other info pls refer Master's Excel sheet. In that sheet pls open Evening star tab. Very thing you can get it from it.

dharmu mishra said...

respected seniors could anyone tell me in which wave and subwave we r secondly how to gv approach to the chart step by step which signals we should wait for now i hv read all 8 pts right side but still not started with waves. thanks

dharmu mishra said...

respected llango sir its a request why not we arrange a contest everyday for its close of end of day but participants should gv an explanation for why they think of there level. i feel with reasoning explanation by seniors it will help new learner like me to learn the way of approach thanks

Post a Comment