Monday, July 29, 2013

Nifty Pre-Market View.

Nifty made a weekly reversal with an "Evening star pattern" and closed below its WEma.
It is now poised to reverse the monthly trend with an attempt to close below MEma-5858.
Staying below "5894-50dsma", the selling pressure is likely to increase to bring Nifty below "5852-200dsma" towards "5760-76" zone initially.
ST EW labels could change in a strongly trending market; they are to be read with TA & TT.
A iii rd wave is in progress within which the sub-waves suggest of deeper correction ahead with the 3rd of iii rd to unfold soon.
BN's last month's Evening star produced a "1200 points fall". That is "Crane's strategy".
Nifty has just made an Evening star pattern. And that is bearish.
Wishing you lots of confidence & peace in your trading room.

34 comments:

J.R.Julius said...

Good Morning Sir & Blog-Mates,
Have a Happy and Prosperous Day. ♥
-
Camarilla Keylevels - Nifty Spot
H4@5927 ↑
H3@5907 ↓
L3@5866 ↑
L4@5845 ↓
Trade Wisely & Get Rich Steadily.

San said...

Good Morning Ilango Sir and Friends

Bank Nifty and Nifty Chart updates: CLICK HERE

Bala C said...



Good Morning, Ilango Ji


DNSHUKLA said...

Good Mng Sir and Friends.

prakashbkc said...

GM Master,

Kindly update TA file of BN & Nifty in JN groups

rama balaji said...

GM Ilangoji & all blogmates

Nilesh Patil said...

Good Morning Master & Friends

SANPOT said...

Good Morning Ilango Sir and Blogmates.

jvr said...

Good morning Master and friends


vk said...

Namaskaram Guruji & Blogmates.
Vinay.

NEVER GIVE UP said...

Good Morning Sir & All Friends.

ALBELA HOUSE said...

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

venkatapathy l said...

Namaste Ilango Sir and blog friends

LV

Prakash said...

gudmorning master and all frnds

Suraj said...

Good Morning Ilango Sir and All Seniors and Friends

venkateshspices said...

Good Morning Sir & friends

numchar said...


Sir ,

What is Crane's Strategy ? Sorry couldn't comprehend the strategy and inference here .

"BN's last month's Evening star produced a "1200 points fall". That is "Crane's strategy"."

amber said...

Sir ILango ji charan vandan and everyone good morning

Guru - Trading Nirvana said...

Good Morning Masters and friends.. have a great and Prosperous day ahead!!!

saravanan k said...

Good morning Ilango sir & all blogmates,

Rgds
Saravanan

Sonu said...

Good Morning Sir & copy to all

Wishing a disciplined trading day to everyone.

raman said...

Term "Crane's strategy" is derived from a famous Tamil Poem which says you wait for the right opportunity, just like crane letting smallfries pass and pounce upon the bigger fish.

Chandiok said...

Good Morning Ilango Sir,
I had resold & covered 1lot on Friday, could you please suggest a resell zone.
Thanks

Guru - Trading Nirvana said...
This comment has been removed by the author.
Arif said...

Ilango ji,
Good Morning...

Aijaz said...

Ilango Sir Greetings !

Blogmates, as Sir said, let us follow JNSAR or J10SAR, it'll take care of our returns. Our job is to simply obey the commands and execute and Not Think.

Keep our ego out of it which brings in greed and fear.

sarvesh said...

Good morning, Sir!!

multibagger17 said...

Bigger fish approaching...

Anandha said...

@ Ilango, Sir Nifty made a new low breaking small channel shown in the chart. So do you think 5th wave of 1 of C is extending now?

R.S. SUNDARAM said...

good morning Ilango sir and every one. Sir will you please tell me why there is 42 pts in NF? what is the indication.

J.R.Julius said...
This comment has been removed by the author.

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