Wednesday, July 17, 2013

Nifty Pre-Market View.

Nifty, having completed the corrective rise to MHEma, did not provide the needed entry for selling with a gap down yesterday.
We suggested a move towards DLEma & NIfty moved to 5911(DLEma being 5909)
We suggested a bounce towards "5959-74(High made 5966).
New signal is: "Sell on rise" in all the T/F. "5970", the critical resistance & 5981. 21 hr sma are considered strong resistances above which 6001, just a point above the psychological "6000".
Weakness would start below 5935-44, week & Day pivots & bearishness would get confirmed below 5893-99, 61.8% retrace of the last rise from 5803-6038 & WEma.
Wishing you lots of confidence & peace in your trading room.
(I take care of my office work too; if absent, do not imagine things. For updates, use "JustNifty TA file" uploaded in JNGroup & start updating with hour data)

55 comments:

Bala C said...

Good Morning, Ilango Ji

Sonu said...

Good morning Sir and everyone!

varun kumar said...

Good Morning Sir and all my blogmates
Have a nice trading day !

Kumar said...

Namaskaaram GuruJi and Brother & Sisters,

Good Morning.

Have a Good Day :)

Vaalga Valamudan

Sonu said...

Sir,
In the write-up you mentioned:
"New signal is: "Sell on rise" in all the T/F."

But in trade table week and day trend is "Up".

Could you please help me interpret this contradiction?

Thanks, as always!

Ravindra M said...

GM Sir and blogmates!

Ding A Dong said...

Good morning Friends and have a good trading!

San said...

Good Morning Ilango Sir and Friends

NIFTY Support and Resistance levels: CLICK HERE

Nitin Kadam said...

Good Morning Master & Blog-Mates,

Today's Support & Resistances :-

Support :- 5920-5870-5840-5795
Resistances :- 5955-6000-6030-6090.

Bulls will come back if closes above DHEMA+20(5988).

Bears will rule below DLEMA-20(5889).

If this range (5888-5988) is not resolved then play the range or stay away till break-out/down.

Strategy:-

Re-Entry Trade :

I) If Open-Low Same or If ORB Broken to Upside.

II) 5910-20 Zone.

Positional Shorts Only Below 5870.

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

Rahman Mohd said...

Dear Sir Good morning,

Do you expect down move will end at 5890? May be that is the reason you have not closed the long trade and continue to hold the position from 5810.

Best Regards,
Atiq

Trader Junkie said...

Confidence and calm ! No chasing rainbows :) Thanks for the nugget :)

Good morning all !

Prakash said...

gud morning master and all frnds

Nilesh Patil said...

Good Morning Master & Friends

rama balaji said...

GM Ilangoji & all blogmates

venkatapathy l said...

Namaste Ilango Sir and blog friends

LV

Arif said...

Ilango ji,
Good Morning...

venkateshspices said...

Good morning sir & friends

NEVER GIVE UP said...

Good Morning Sir & All Friends.

ALBELA HOUSE said...

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

R.S. SUNDARAM said...

good morning ilango sir and everyone in the blog.

R.S. SUNDARAM said...

good morning ilango sir and everyone in the blog.

Vijaykumar Patil said...

Good Morning Master and all friends

Ravi Pillai said...

Dear Sir Good morning,

Do you expect down move will end at 5890? May be that is the reason you have not closed the long trade and continue to hold the position from 5810.

I have the same doubt.
Please advise
Ravi

herry said...

good morning.sirji

Ilango said...

@ Sujatha,

For you.

Aadi Vaa..Aadi vaaa

My critic, knowing EW+TA+fundamentals, trades based on her instincts only.(Evolved beings)

Ilango said...

@ Sonu,

Sell on rises is valid till 5999, DHEma+20 points.

New signal is "Close below HEmas".

Depending on the trade opportunity that emerges, initiate the trade.

If you go long above 5972, keep just 10 points as SL for intraday, towards DHEma+20.

amber said...

Sir ILango ji charan vandan and everyone good morning

Prithvi Chidambaram said...

@master,
Sorry for my behaviour with Sanjay,
Please sorry, now I had pay attention in our TA and charts

Sonu said...

Thanks Sir.

Makes it crystal clear.

J.R.Julius said...

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

-

Camarilla Keylevels - Nifty Spot
H4@5986 ↑
H3@5970 ↓
L3@5940 ↑
L4@5925 ↓

anmpatel said...

@mastee and all friends good morning

sir

I accedently unsubscribe from group by myself
pl send me link to join the group.

thanks in advance.

Vijaykumar Patil said...

At the moment looking like failed attempt to create panic.

Hitendra said...

Rare scenarios - BN down 100+ points and NS up 22 points !

m.veerasamy Maruthai said...

GOODMORNING SIR AND BLOGMATES

Ilango said...

Please ignore intruders' messages.

Nifty @ resistances -5986. Strength only above 6013.

Amol Sharma said...

Bank Nifty : - BEARS attack

kapil said...

good morning sir and all blogmates

deepak pinto said...

Sir
We have a high at 61.8 of fall at 5989.
We have lead indicator short
Day rsi divergent.
Todays o b tl break 5919
For downsides to open we must break the o b tl
By tomorrow.
5945 for tomorrow.
So today for aggresives.
Tomorrow for conservatives.

Prabhanshu said...

hey JRJ, any change in CAM levels? pls share, thanks

anmpatel said...

@master
thank you very much.

shriram said...

GM Master & JN Family,

Going below 5800 NS looks difficult as per current PE OI

Use the info / data / TA, to form a view.

Then Use the view to form a Hi-prob Entry pt & choice of instrument.

have a gr8 day !


J.R.Julius said...


@Mr.Prabhanshu,
You can make your own decision based on
H4@5990 ↑
H3@5970 ↓

Ilango said...

BN's fall from 11812 to 11066 shows a 3 sub-waves;

Nifty's fall from 6038 to 5911 showed a 3 sub -waves.

The crucial 5 structure is missing in these falls.

Neel S said...

i cant access the jngroup website and access the TA file. It says that you have to be a member to access this group. Kindly advise.

Ilango said...

@ Neel S,

Send me a test mail.

musti1780 said...

Gm Illango Sir & all
@ Julias Sir Can U provide excel file for Camrilla.
I have previously but lost in a system boot up

Sonu said...

@Sir,

could you post the alt. high-level count in the absence of 5-wave structure in this fall?
Thanks.

J.R.Julius said...

@musti1780,

Send me a test mail.

ajay choudhary said...

@ Ilango sir, i trade intraday on hourly jnsar levels, but sometimes when u are busy in office like yesterday, it little hard to trade. so can u add jnsar level column also in jnsar ta excel file, bcoz i am not able to find it there.

satheesh said...

Namaste Ilango Sir and all,

Sir - Missing 5 wave structure indicatres what? can you please clarify. Is it that downward momentum is missing?

numchar said...

Sir ,

What would be the implication due to missing of 5 structure in the fall ?
Or is it too early to estimate .

Trying to comprehend because this seems to be start of Big C/3 .

Piyush Sharda said...

sir,
if 6038-5911 appears to be a 3 wave then the 61.8 % sell sl 80% will it be a high prob short trade?
in case of 3 wave 80% will most likely be hit

vk said...

Namaskaram Guruji
Good morning Blog-mates,
Vinay.

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