Wednesday, July 3, 2013

Nifty Pre-Market View.

Why did we suggest to Part book yesterday?
Day lead indicator had reached the overbought zone of 80+ while hour technicals were displaying -ve divergences. And prices were struggling below 50dsma.
A normal correction should hold itself upto 5DEma(5803) or 34 Hrsma(5775) and in a worst case scenario, the week pivot-5754(also the "gap @ 5750") should hold.
How the EOD prices end will have a bearing on technicals and not the "intraday movements".
A close below DHEma would signal a "pause in upward momentum" and
a close below DEma would signal a "weakening of day trend" and so on.
A "iv" th wave should find its support with a "brief break down in Hour channel". If fails, the labeling should, then be changed to "A" completed @ 5904 and a treacherous "B" wave is on during which you must trade for "short term ranges" such as "Hema to LEma & Lema to Hema".

76 comments:

eevra said...

Thanks Masterji for your benevolence !
Trade Plan:
Long > 5835 OR 5765.Range Trade.
Thx Masterji

Suraj said...

Good Morning Ilango Sir and All Seniors and Friends

ALBELA HOUSE said...

R/Ilango Sir,Namaste n Many-many THANK'S.
Namaskaar 2 all reader's.

Suraj said...

Thanks Ilango Sir. Now I can post.

Badri said...

Goodmorning Ilangoji and friends.

cooldent said...

goodmorning sir and everyone

rajan said...

my sinceriest thanks and best wishes to dear illango sir for his guiding spirit and selfless service.regards.

M D Dharmendra said...

Dear Sir,

Good Morning and thanks for your public access

Tushar said...
This comment has been removed by the author.
Ilango said...

If you want me to share my observations here, then

please...

stop interacting with "intruders".

It is your encouragements that make them come here and attempt to disrupt the smooth exchanges.

I have repeatedly requested "Not to interact with these people".

It is upto you and you only.

u.k.Raj said...

Good Morning ALL

Tushar said...

Thank you very much Sir.

Sudha Rajesh said...

Dear Guruji Good Morning to you and other authorized users.

salildali said...

thank you . good morning

venkateshspices said...

Good Morning sir & friends

Prasad said...

GM Sir and friends

Adrian Jose said...

I would like to express my sincerest gratitude to … ... Ilango Sir,
from your guidance, great kindness and patience and
I wish to say a heartfelt thank you.

SAM said...

GM Ilango SIr and BLOGMATES

Parminder said...

Master Ilango and friends,
good morning to all
Regards

Ilango said...

Nifty has paused @ 5803-5DEma;

If unable to move past 5825(200dsma), it will attempt to test 34 hr sma-@ 5775-5785.

R.S. SUNDARAM said...

Good morning to Ilango sir. Thank you for permitting to visit your blog. I sincerely thank you as it is very useful for people like me. Good morning to everyone.

venkatapathy l said...

Namaste Ilango Sir and blog friends

LV

prakashbkc said...

GM Master,

Thanx for giving me invitation to access ur enriched blog

Hemant Harke said...

Ilango Sir,

When Red abc will get confirmation?

Viji said...

Thanks Illangoji for permitting me to access your blog. It definitely help me to learn the complexity of stock market. I sincerely thank you for becoming our teacher.

Prakash said...

gud morning master and all frnds

Guru - Trading Nirvana said...

Good Morning Master and friends..

pravin said...

Ilango Sir,
Thanks for the access to this enternal journey.

Ilango said...

@ Hemant Harke,

The important point to remember is "direction is down" in the very short term.

If "iv"th wave, it should find its support with a "brief break down in Hour channel".

Break down has happened below the channel. I would say, holding 5775, 34 Hr sma would keep the "ivth & vth wave in contention".

If fails, the labeling should, then be changed to "A" completed @ 5904 and a treacherous "B" wave is on during which you must trade for "short term ranges" such as "Hema to LEma & Lema to Hema".

Dinesh Rishi said...

Good Morning Master and copy to All

Bala C said...
This comment has been removed by the author.
balaji rams said...

good morning julius ji,
can u please post the ext. camarila levels

adx said...

Thanks sir for allowing to access your blog. Yesterday is a bearish harami day and Nifty also lost key level 5868.

ram said...

Thanks Thalaiva


Kumar said...

Namaskaaram GuruJi and Brother & Sisters,

Good Morning

Have a Good Day
Ding Ding

sandeep said...

gm master dr ji, julius, sir n all

jvr said...

Thanks master giving me a seat under TREE

soumen said...

@Ilango

I admire yr analysis and advises.....

AimNifty said...

GM Master and All

madamuniramaiah said...

THANKS,MY GREAT MASTER and good morning.

shiv said...

Thanks a lot for your selfless service.

chetan said...

thank you very much dear master & good day to you & all jn family members.regards.

hardeep thakur said...

Thanks master for granting me access to you blog

Myfunds said...

good morning sir

Faisal said...

Thank you Illangoji for permitting me to visit your blog

rajapvt said...

Good morning master and all blogmates.

amber said...

Sir ILango ji charan vandan and thnx very much and everyone good morning

Ravindra M said...

GM sir and thanks a lot!

salimkabani said...
This comment has been removed by the author.
jagannathan said...

master thankyou very much for allowing me to follow

D.S.SASAN said...

Good Morning ilango Sir and blog mates.
Thanks God, the problem has been solved and I could see this site again. I was very much worried since last evening when I could not open this site.

SJkolkata said...

Thanks Master for accepting me as your disciple.

kapil said...

Good Morning to sir and all blogmates

krishna said...

Thanks a lot sir

Ding A Dong said...

good morning to all

Nilesh Patil said...

Good Morning Master & Friends

rsy99sry said...

Good morning Ilango sir and blogmates. Thank you for permitting to visit your blog. I sincerely thank you for a wonderful teaching.

deepak pinto said...

Sir
For the benifit of those of us who are learning the ropes
We can visualise a beautiful distribution pattern ftom 5892 on monday to 5892 yesterday before the fall started .
Call it irregular triangle
A2
Hns
Diamond
The result is same

Guru - Trading Nirvana said...

5784-5763 NF levels to b watched at downside and 5819 upside... POC of Monday is providing some support...

mynac said...

GM Everybody,
5800 would not be support for this fall,cause Inspite of addition ..deletion is there @ 5800 PE which indicates Bull's in-confidence.Let us see..


M D Dharmendra said...

Dear Sir,

Thaks a lot for your selfless service

m.veerasamy Maruthai said...

GOOD MORNING TO OUR MASTER AND ALL BOG MATES

Bunty said...

Good Morning and Happy trading

sarvesh said...

good morning, Sir! please send me the invitation mail to drsarvesh_leo@yahoo.com... it was unfortunate what happened yesterday and i dont want to be in this mess next time

DNSHUKLA said...

Happy to be in the company of 1000+disciplined traders.

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