Tuesday, July 30, 2013

Nifty Pre-Market View.

Bounce, if any holding above 5806(Mth pivot), would be treated as "iv"th wave of the downfall from 6093, retracing a maximum of 5891-12, 38%-50%, coinciding with earlier lows of 5911 which would act as resistance now.
However, immediate resistances for the day is 5866-76, above which 5888, 50dsma/21 Hr sma.
Do not get carried away by "intraday & intraweek" bounces & rallies as weekly pattern would get precedent over smaller T/F TA in the end.
One more signal to add strength to weekly downward reversal is a confirmation from the month TA by tomorrow.
Remember "Sell on Rises" is in force.
Wishing you lots of confidence & peace in your trading room.


33 comments:

Bala C said...



Good Morning, Ilango Ji

San said...

Good Morning Ilango Sir and Friends

NIFTY Diamond pattern and Support levels: CLICK HERE

rama balaji said...

GM Ilangoji & all Blogmates

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@5865 ↑
H3@5848 ↓
L3@5815 ↑
L4@5799 ↓

Trade Wisely & Get Rich Steadily.

Prabakar said...

Namaste Ilango Sir & JN Family

R.S. SUNDARAM said...

good morning Ilango sir and everyone here.

Kirubanandam T said...

Good morning Ilango sir & all...

vk said...

Namaskaram Guruji and Blogmates
Vinay.

Nilesh Patil said...

Good Morning Master & Friends

venkateshspices said...

Good morning sir & friends

deepak pinto said...

Sir
Ur verdict clear .use Bounce for SOR.
Waiting for appropriate levels is crucial in this strategy.

NEVER GIVE UP said...

Good Morning Sir & All Friends.

Guru - Trading Nirvana said...

From The Secret Daily Teachings
If you want to attract a better job or anything better than what you currently have, it is important to understand how the law of attraction works.

You know that to bring in something better you must imagine what that better thing looks like in your mind, and then live in that picture as though it is here now. But you should also know that if you complain about your current job, for example, and continue to focus on all the negative things, you will never bring the better job to you. You must look for the things to be grateful for in your current job. Each thing you find to be grateful for is helping to bring that better job to you. That is really working the law!

May the joy be with you,

Rhonda Byrne
The Secret... bringing joy to billions

SANPOT said...

Good Morning Ilango Sir and Blogmates.

www.givmemore said...

Good Morning Sir Ilango,and all the blogmates

AJIT PATIL said...

Good Morning Ilango Sir and Blogmates.

Natti said...

Good morning all

Prakash said...

gud morning master and all frnds

ALBELA HOUSE said...

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

venkatapathy l said...

Namaste Ilango Sir and fellow blog friends

LV

varun kumar said...

good morning ilango sir and my all blogmates.

amber said...

Sir ILango ji charan vandan and everyone good morning

shaileshkumar mehta said...

Dear Sir
Many thanks to you.May god bless you with love & abundance, peace & prosperity.

HARISH TAHKKAR said...

WW Sell on rise :

http://prntscr.com/1ibf3o

HARISH TAHKKAR said...

Bullish mind in Bearish market will buy which is sellling poits.

Manish said...

Goodmorning master and all friends,

Jai Ho!!!

shriram said...

GM Master & JN Family,

wot time is RBI policy pls?

have a nice day, rgds

anand said...

Jai Shriram !
RBI Policy should be at 11 AM. (Unless changed)

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