Friday, July 5, 2013

Nifty Pre-Market View.

Two EW options in contention:
1. A Flat "B" wave in progress, with its "sub-wave b" moving towards 5904-20(Prev.high/ 50dsma) and then move lower towards 5800 or lower to complete "sub-wave c" of B in red.
2. "B" in green completed @ 5760 and the next part of the corrective upmove heading towards the first resistance 5972, also the 61.8% retrace of "6229-5566" @ 5976.
Presently, the direction is "UP" till 5904-20. And that would be the "inflection/ invalidation/ validation" point.
EOD close above "5832" would keep the weekly trend "UP".
EOD close above "WHEma" would bring momentum to weekly uptrend.
Weekly trend started its "Trend assertion" from yesterday 2.15PM.

40 comments:

Bala C said...

Good Morning, Ilango Ji

Real Pilot said...

Namaskar Ilango ji.
The Fibo part of the tech table..
How do new range of rise or fall come in is understood, when does a range go out of reckoning is not.
Please write when possible.
Rgds

DNSHUKLA said...

Good Mng Sir and Friends.

NEVER GIVE UP said...

Good Morning Sir & All Friends.

NIFTY BABA said...

GOOD MORNNING MASTERJI, AND FRIENDS,

JULLIUS JI WAITING YOUR CAMRILLA DIRECTION ALONWITH YOUR REPLY OF YESTURDAYS H1 HOW ONE HAVE TRADED WHILE MARKET GAPUP IN OPENING..

San said...

Good Morning Ilango Sir and Friends

NIFTY Chart Analysis: CLICK HERE

Kirubanandam T said...

Good morning Ilango sir & all...

Ravindra M said...

GM Sir and blogmates!

ALBELA HOUSE said...

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

Pradeep said...

Hi Ilango Sir -
What i observed , study and discover .
Expecting the more and more profit is highly RISK in stock market.
Think differently and get different. What if you are observed the socket market at least 2 hrs and take the position according to the trend .
Keep the Profit for 2-3 point in one directional with multiple lots keeping a SL handy.
This is good for health as well as WEALTH.

venkatapathy l said...

Namaste Ilango Sir and blog friends

LV

Nilesh Patil said...

Good Morning Master & Friends

Prasad said...

GM Sir and friends.

Ding A Dong said...

Good morning friends,

@pradeep

could you please elaborate your idea on areas like,
you talking about Nifty or its Options?
are you talking about scalping?
how do you manage brokerage if its 2-3 points of nifty?
what is the quantity that you are specifying?

thanks in advance

Ding A Dong said...

@sujatha madam,

mam i requested you to share some of your experience on your scalping long back and please share it if time permits while try to add info on your "premium eating" Technics as well please.

regards

Ding A Dong

Suraj said...

Good Morning Ilango Sir and All Seniors and Friends

J.R.Julius said...

Good Morning Sir & Blog-Mates,
Have a Happy and Prosperous Day. ♥
-
Camarilla Keylevels - Nifty Spot
H4@5871 ↑
H3@5854 ↓
L3@5820 ↑
L4@5803 ↓

Prakash said...

gud morning master and all frnds

Kumar said...

Namaskaaram GuruJi and Brother & Sisters,

Good Morning.

Have a Good Day . :)

sarvesh said...

good morning, sir!

m.veerasamy Maruthai said...

GOOD MORNING SIR AND BLOGMATES

ITradeForProfit Daily said...

Nifty opens right into ND Sir's ATR Sell zone.

Will it cross the ATR Breakout level of 5911.35?

Worth waiting for.

venkateshspices said...

Good morning sir & friends

Ding A Dong said...

Hello every one,

Can any of you share how the opening gaps are created?

All previous gaps are created with the pre-market opening are with a trading value of well under 10 CRs !!!

We all wait whole day and see 5000++ cr turnover to make nifty to move 25-40 points and how this is 50/60/80 happens with 10 CR and 7+ min and sustains for majority of times!!!

Regards

shivanGupta said...

sir can today's move be 5th wave from lows of 5567

Piyush Sharda said...

sir,
5904-5760 was indeed a 3 wave iwth 95% retrace

mynac said...

GM Everybody,
In first 8 min.trading,More than 1.75 addition in 5900 PE indicates,Nifty going to cross 5900,probably in next 2-3 Hrs.it looks 59,5915 & 5935 would be possible hurdles for the day...Lot of depends on Bulls power today,i.e.whether they would attack further or not?Let us see..

ITradeForProfit Daily said...

Nifty trading in ND Sir's ATR sell zone

Nitin Kadam said...

Trade Plan:- ( 05-JULY-2013 )

Support :- 5880-5850-5810-5780.
Resistances :- 5900-5930-5960

Trend :- UP.

Strategy:-

Reentry Buy Zone:

1. 5840-50.

Positional Shorts Only Below 5780 .

Aggressive Shorts Below 5810 with Confirmation with break below Below 5780.

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

Anandha said...

@ Ilango sir,

Nifty looks finding resistance at 5906 levels once again ? or you think It is too early to think of?

Jitendra Mishra said...

respected sir llango i hv only rs 3400 lost hevily in past .now trying to follow ur each and every saying ad trying to hv controle on my emotions which is my major drawback. thanks for giving ur guidence ad reason for markets direction for today which u said yesturday.bless me sir m trying to grow a strong tree from this seed of 3400 lost almost evrything hence was not hving courage enough to to play positional hence playing intraday .as u say alway get rich slowly ad quitely thanks sir hv great day

jvr said...

Good morning Master and dear freinds

mynac said...

Dear Anandha,
I know it very well,that I am not the proper person to clarify your doubt,nevertheless..as Nifty has left,it's even hrly ema's far away,the chances of clearing those resistances increases,when Bulls get the momentum...Let us see.

Indiacharts said...

why discard the earlier wave iv alternate as well?

shriram said...

GM Master & JN family,

B.b finished today @ 5900 , or can do 5910-20 NS max ?

Have a gr8 day!

deepak pinto said...

Sir
While we are holding this upmove as c corrective.
Could this alternatively be looked at 3rd impulse wave with trend and rsi showing direction up.
Current up move labelled from 5567.
What would negate such a view.

Also sir what retrace of this move from 5831 is permissible for such a upmove alt view

Ilango said...

Monitor the retrace for "5832 to 5900" presently.

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