Wednesday, July 31, 2013

Nifty Pre-Market View.

EOM is here. Monthly Trend assertion is happening when it matters most at the last week of the month.
Month triggered down with a close below 5MEma on 28th June and prices rallied intra month in July upto MHEma(6055)+40 and falling.
For managing the trades, monitoring the "Retrace of last fall" has kept the trader with the trend intact.
Accordingly, as per the current low(5748) & the last high(5861), only a price move above 5818 & 5838 would be considered as a "Pause"/ consolidation phase.
In a strongly trending market, ST technicals would remain in "oversold region" for a long period of time - Learn to accept them by ignoring it & concentrating on higher T/F TA.
Weekly channel support is around 5735 below which deeper falls would emerge.
Note from TT, how prices, once triggered down with a close below "CEma" moves towards and below LEma. This cue could be used to trader's advantage.(Eg: Current week's nos.)
Wishing you lots of confidence & peace in your trading room.

44 comments:

J.R.Julius said...

Good Morning Sir & Blog-Mates,
Have a Happy and Prosperous Day. ♥
-
Camarilla Keylevels - Nifty Spot
H4@5818 ↑
H3@5786 ↓
L3@5724 ↑
L4@5693 ↓
Trade Wisely & Get Rich Steadily.

Kirubanandam T said...

Good morning Ilango sir & all...

NEVER GIVE UP said...

Good Morning Sir & All Friends.

Bala C said...


Good Morning, Ilango Ji

DNSHUKLA said...

Good Mng Sir and Friends.

San said...

Good Morning Ilango Sir and Friends

Bharti Airtel Chart analysis: CLICK HERE

Bhushan said...

Good Morning Gurudev and friends

rama balaji said...

GM Ilangoji & all Blogmates

vk said...

Namaskaram Guruji and Blogmates
Vinay.

ALBELA HOUSE said...

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

Nilesh Patil said...

Good Morning Master & Friends

venkatapathy l said...

Namaste Ilango Sir and blog friends

LV

varun kumar said...

Good Morning Master & my blogmates

Prakash said...

gud morning master and all frnds

R.S. SUNDARAM said...

good morning Ilango sir and all

D.S.SASAN said...

Good Morning Ilango Sir and Friends.

Satish said...

Dear sir,good morning

Arif said...

Ilango ji,
Good Morning...

Guru Krish said...

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

venkateshspices said...

Good Mornins Sir & friends

amber said...

Sir ILango ji charan vandan and everyone good morning

Bharat Kumar said...

Ilango Sir - Likely target sub 5700..?

J.R.Julius said...

Camarilla Update : Nifty Spot
Scenario#3
L3@5724 ↑
L4@5693 ↓

ITradeForProfit Daily said...

I am getting ready to welcome BN into 4 digits today itself.

Suraj said...

Good Morning Ilango Sir and All Seniors and Friends

Kiran said...

BankNifty in 4 digits.

Yash and Dhan said...

Good Morning Friends,
300 points in JNSAR, 100 points already part booked and still going strong. I thank almighty that he helped me conquer the fear and I kept riding the wave.

shriram said...

GM Master & JN Family,

what a fall on BN !

Have a gr8 day, rgds

J.R.Julius said...

Y&D,
Great going.... Happy to hear....
Stick to it.... Not to distract...
Never Stop...

Jai Ho to the 'SYSTEM'
Jai Ho to the 'MASTER'
Jai Ho to the 'FOLLOWERS'


:D

Ilango said...

Nifty moving towards MLEma after having closed below MEma in June.

J.R.Julius said...

@Sujatha,
Good Morning. Me Just Flowing with the Flow.

JNSAR started giving 'Jumbo Meals'
:D

satheesh said...

Namste Sir,

Present Low 5678 - :)

Trader Junkie said...

5671 would be the 80% retrace...

varun kumar said...

@ JR Julius sir,
yesterday, i left the bus @ closing, now i missed the almost 50 point distance and boarded the bus again @ 5693 cam levels.

Kiran said...

All small rises are hardly 10-15 points.

Prakash said...

Jai Ho "JNSAR" Ki

venkateshspices said...

Sir, Can we buy for intraday?? sith small sl waiting for your reply

ankita said...

5775 done, we will see 6135 very soon.

shriram said...

5610-50 NS is a very imp. price level..

prev IM A: 4531-5630 ended here.

If this zone goes, 5200 & lower will come easily.

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

@ankita
Peg lagaya hai Kya?

J.R.Julius said...

*Market Profile & Camarilla Both are excellent systems to observe market movements.

But almost everyone use it as Intraday calculators not more than that. :)

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