Thursday, July 4, 2013

Nifty Pre-Market View.

03rd Pre-Mkt View:
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. -"Day Trend has weakened"
A "iv" th wave should find its support with a "brief break down in Hour channel".
If fails, ---"ivth wave has failed"
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".
If "B" wave is treacherous, then, "b. of B" would be at its most complicated form which is likely to unfold today. Hence, trade cautiously.
If you could "milk the cow" today, call yourself the temperate & matured.

56 comments:

Bala C said...

Good Morning, Ilango Ji

vksoni said...

good morning ilango sir and blogmates

Nilesh Patil said...

Good Morning Master & Friends

San said...

Good Morning Ilango Sir and Friends

NIFTY Chart update: CLICK HERE

suresh said...

sir ji,
Good Morning,
5w-cema=5812 & ltp=5771,
week could be dn ??

DNSHUKLA said...

Good Mng Sir and friends.

Suraj said...

Good Morning Ilango Sir and All Seniors and Friends

Guru - Trading Nirvana said...

Good morning Master and friends...yenna master, sudden eh ippadi oru spot exam vechiteenga :) sari pakalam yenna than agaum nu..

Prakash said...

gud morning master and all frnds

Manish said...

Goodmorning master and all Friends,

With your Blessings and direction we would definitely milk the cow today.....
http://www.youtube.com/watch?v=UDh4VYXo1d8

Thanks and Regards Always...

Ravindra M said...

Good morning Sir and blogmates!

Anand Kumar said...
This comment has been removed by the author.
charan prasad said...

GM master and fellow trades, how to intercept the false breakout of 200 SMA

venkateshspices said...

Good Morning Sir & friends

saravanan k said...

Good morning Ilango sir & all blogmates

RGds
Saravanan

ALBELA HOUSE said...

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

J.R.Julius said...

Good Morning Sir & Blog-Mates,
Have a Happy and Prosperous Day. ♥
-

Camarilla Keylevels - Nifty Spot
H4@5801 ↑
H3@5786 ↓
L3@5756 ↑
L4@5741 ↓

Parminder said...

Master ilango and friends,
Good morning to all
Regards

m.veerasamy Maruthai said...

good morning to master and blogmates

Kumar said...

Namaskaaram GuruJi and Brother & Sisters,

Good Morning.

Have a Good Day :)
Ding Ding

Jigar said...

Good morning Sir and blog-mates

Kirubanandam T said...

Good morning Ilango sir & all...

gauresh59 said...

Namasthe ilango sir and friends,

Today….4th July Swami Vivekanand’s Mahasamadhi Din…

Let us remember His quote :

“Talk to yourself once in a day…
Otherwise you may miss meeting an excellent person in this world.”

Prasad said...

GM Sir and friends.

SACHIN said...

GM Sir and BLOGMATES

amber said...

Sir ILango ji charan vandan and everyone good morning

mynac said...

GM Everybody,
Steep rises always invite steep falls..yesterday we saw it's another example....

R.S. SUNDARAM said...

good morning ilangosir and everyone here

Abhi said...

Hi, GM everyone.

mynac said...

Today,Shall Nifty try it again ? Let us see..

venkatapathy l said...

Namaste Ilango Sir and blog friends

LV

saz said...

GM sir and blogmates,

Sir this month, nifty is creating each day gaps.....is there any technicalities for this...

Yash and Dhan said...

Good Morning Sir and dear friends.
Apart from being treacherous one cannot fail to notice that every open in last few days is above or below H4 or L4.
Very difficult to trade intraday.

NEVER GIVE UP said...

Good Morning Sir & All Friends.

rajapvt said...

Good morning everyone.

prakashbkc said...

Market trying to sustain above 5804 (34Hr SMA)

rochak parekh said...

somebody kindly tell me

how do i get to know hourly ema,

thanks regards

OM SAI RAM

Sujatha said...

mynac - that fall is effect of tuesday's "red candle harami" (??!!) pattern within the monday's green candle body (engulfing??) hehe me too knows candle..just a show..monday's low 5822 will taken out today at any moment means????

hv a good day to all

Tushar Thete said...

GM Master and all!!

anand said...

Formulas remain same for EMAs for hours. Just change input data.
Easier way : Use TA File and keep updating for the hourly data and copy pasting the rows down.

Arif said...

Ilango ji,
Good Morning...

sandeep said...

gm master dr ji , julius ji n all and excellent quote gauresh

rochak parekh said...

thanks anand

OM SAI RAM

jvr said...

Good Morning Master and Dear friends,

ITradeForProfit Daily said...

Nifty opened in ND Sir's ATR Sell zone and retreating. Already 25 points down from there.

Jitendra Mishra said...

hi anand could u pls explain me ur ema formula

Nitin Kadam said...

Good Morning Master & Blog-mates,

Trading Plan :

Today's Support & Resistances :-

Support :- 5810-5765-5735.
Resistances :- 5840-5900-5975-6055.

Trend :- UP.

Strategy:-

Reentry Buy Trade Update:-

Yesterday Holding:-
Trade Taken @ NF-5760 | NS-5760.

Now Hold with Appropriate TSL.(Atleast 15 pts Profitable. NF 5775.)

Fresh Reentry Zone:

1. 5765-80.

Positional Short Only Below 5680.

Happy disciplined trading to all!
Have a nice day!!

SAM said...

GM MAster and BLOGMATES

Ilango said...

Weakend from the "Resistances of Pre-market Trade Table".

More weakness below "5782, Day Pivot & 5771, 05th July JNSAR".

Remember, If you could not trade the "LEma to HEma", then trade the "HEma to LEMA".

Remember also, it is the "b. of B".

Range contraction in this phase.

J.R.Julius said...

How to Calculate EMA?
http://stockcharts.com/school/doku.php?id=chart_school:technical_indicators:moving_averages

J.R.Julius said...

Good Morning Sandeepji,
Have a Nice Day...

anand said...

You can check formulas as well in the TA excel.
note the weights are generally calculated as 2/(n+1) where n is the period.
Sometime back someone posted here for hourly EMAs. They are :

1. 5hrEMA = CMP (this Hr close) x 2/6 + EMA(prev hr)X 4/6
2. 10hrEMA = CMP (this Hr close) x 2/11 + EMA (prev Hr)x 9/11

Or Shriram- Quant Headmaster here- is the Master on this!

Jitendra Mishra said...

ANAND JI UR EMA FORMULA PLS

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