Monday, August 5, 2013

Pre-Market View.

Corrections within a trend could take any shape. Clues are available at certain situations. The current one, if an irregular flat, shows an impatient & strong downtrend.
Moving past "5717", major resistance is "5752", 5DEma & 34 Hr sma above which would be "5776-5803", previous supports-now turned-resistances.
Holding "5676", the bounce would continue as a "5-wave structure".
Weekly trend is firmly down; hence, intra week rises should be treated as "pause" only unless prices close above "5838", JNSAR or "5852", 200dsma.
Wishing you lots of confidence & peace in your trading room.


33 comments:

Bala C said...


Good Morning, Ilango Ji

rama balaji said...

GM Ilangoji & all blogmates

Nilesh Patil said...

Good Morning Master & Friends

saravanan k said...

Good morning Ilango sir & all blogmates,

Rgds
Saravanan

Amit Kumar said...

Good morning Illango sir. Since weekly ta is down, please can you label waves for weekly t/f? Thanks for your guidance and sane voice in market chaos.

Amit

vk said...

Namaste Guruji and blogmates.
Vinay.

venkateshspices said...

Good Morning sir & friends

SANPOT said...

Good Morning Ilango Sir and Blogmates.

venkatapathy l said...

Namaste Ilango Sir blog friends

LV

San said...

Good Morning Ilango Sir and Friends

NIFTY Support levels: CLICK HERE

Prakash said...

Gudmorning master and all frnds

Suraj said...

Good Morning Ilango Sir and All Seniors and Friends

DNSHUKLA said...

Good Mng Sir and Friends.

Arif said...

Ilango ji,
Good Morning...

ALBELA HOUSE said...

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

Prabhanshu said...

Good morning Sir and friends. ..

HARISH TAHKKAR said...

How to enter after part booking ? How to rejoing on going trend ?
If left out ! If no position ! If SLO hit ! If Gap Up ? If Gap Down ?
How to enter after part booking for JNSAR too ?
I use this PDF only on Hourly T/F.Excellent result useing along with
tech table end of hour closing above / below 5ema 'C"
Usually down sloping 5 SMA Hourly if you sell above and upsloping if you buy below good result with SLO 20 points.It comes nearly around 5Hour high-low.Need courage & confidence to enter.
Sending PDF test live market without putting money few days.
To day most useful.

Ravi Pillai said...

SIR
Good Morning.
Happy Hunting in the Trading jungle.

AJIT PATIL said...

Good morning Ilango sir & all blogmates.

Parminder said...

Master ilango and friends,
Good morning to all
Regards

NEVER GIVE UP said...

Good Morning Sir & All Friends.

Happy Shiv Ratri To All Off You.

Anil Paliwal said...

good morninig sir and all blogmates

Piyush Sharda said...

sir ,
what is significance of 5676

varun kumar said...

Good Morning Sir & Blogmates.
Hava a nice profitable day !

dharmu mishra said...

respected all could anyone tell me in which wave nifty is and if its an irregular correction in which sum wave we r just wanted to understand practically now

amber said...

Sir ILango ji charan vandan and everyone good morning

yatin soni said...

dear ilango sir good morning i m new in market can u pls. tell me how can i make money

yatin soni said...

dear ilango sir good morning i m new in market can u pls. tell me how can i make money

anmpatel said...

good morning dear sir and friends.

varun kumar said...

@ Ilango sir,
please check mail when time permit,
Thanku sir

shriram said...

GM Master & JN Family,

MnLo EMA will come under attack again , if OTM CE writers build sufficient Head-load & WkLo - DayLo combo resists.

Have a gr8 day !



m.veerasamy Maruthai said...

GOOD MORNING SIR AND BLOGMATES

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