Thursday, August 8, 2013

Nifty Pre-Market View.

Last fall retrace is for 5561 to 5508, if 5508 is held.
Below 5500, weakness would continue.
Above "5540", mild strength.
Today's price action would give more clues about ST weakness or strength.
Remember Sub-waves could change depending on price unfolding.
Until then, stay with the trend.
Wishing you lots of confidence & peace in your trading room.

26 comments:

Bala C said...

Good Morning, Ilango Ji

NEVER GIVE UP said...

Good Morning Sir & All Friends.

rama balaji said...

GM Ilangoji & all Blogmates

saravanan k said...

Good morning Ilango sir & all blogmates,

Rgds
Saravanan

sreyO... said...

Good Morning Sir and blog mates...

If NIFTY able to hold yesterday's low week may end in positive note...BN chart showing some sort of bottom formation with inside day yesterday...lets see how market unfolds...

Wish you all happy trading...

Anandha said...

@ Ilango Sir,
Please educate me on C wave. If Nifty reaches 5430 levels then C almost equial to A. Looking at the labels , it is clear that Nifty is still in 3rd wave.How long do you see Nifty may move by the time C gets completed ? Is C = 2*A possible ?
Forgive my ignorance and stupidity to put this question. Your experience and wisdom help be grow. Thanks !

Nilesh Patil said...

Good Morning Master & Friends

vk said...

Namaste Gururi and Blogmates.
Vinay.

San said...

Good Morning Ilango Sir and Friends

NIFTY Death Cross at support levels: CLICK HERE

Prakash said...

Gudmorning Master and all frnds

R.S. SUNDARAM said...

Good morning Ilango sir and everyone here. Mr. Ilango your not only educating us but also boosting our confidence level. May God bless you and your family and friends. San thanks for your update.

venkatapathy l said...

Namaste Ilango Sir and blog friends

LV

SANPOT said...

Good Morning Ilango Sir and Blogmates.

venkateshspices said...

Good Morning sir & friends

Suraj said...

Good Morning Ilango Sir and All Seniors and Friends

ALBELA HOUSE said...

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

Guru Krish said...

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

varun kumar said...

Good morning Master and all my blogmates.
have a nice profitable day!

anmpatel said...

@master good morning
can we lable yesterdays move from 5487 like this? pl guide.

5488-5532---a.A
5532-5508---b.A
5508-5542---c.A
5542-5520---a.B
5520-5542---b.B
5542-5502---c.B
5502-5523---a.C
5523-5518---b.C
5518-5561---c.C
so ABC is done and now subwave (iii) from 5561? OR C must have 5 waves in any condition?? then one leg up remaining as pre-market. right?
thanks.

Bharat Kumar said...

Ilango Sir - If the market open below 5511, would be term it as weak?

amber said...

Sir ILango ji charan vandan and everyone good morning

varun kumar said...

@ ilango sir,
it is sell on reises till NS @ 5632 ?

suresh said...

5632 ???the trend likely to change if ns > 5532/38

suresh said...

sir ji,
has said mild strength > 5540

Kiran said...

Observation, On 15-min chart last two days as seen maximum of 3 consecutive white candles.
Easy trade 20-30 points is to
sell after 2 white candle (and when price is above 2nd white candle's high). SL if 3rd and 4th candle also closes white.

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