Monday, September 30, 2013

Nifty Pre-Market View.

After the fall from 6142 to 5855, Nifty has done a "running correction" in its 2nd wave which is quite bearish.
Only a move above "5882" would bring mild bullishness.
Breaking below "5798", Nifty would move towards the gap zone-"5688-5738" initially. And MEma is placed in that zone @ 5703.
I'll be busy for some days and my participation will be limited.
Take ST trades only if you're experienced. Stay with JNSAR trades.

32 comments:

NEVER GIVE UP said...

Good Morning Sir & All Friends.

San said...

Good Morning Ilango Sir and Friends

TATA Steel Chart analysis: CLICK HERE

DNSHUKLA said...

Good Mng Sir and Friends.

Adrian Jose said...

Good Morning Ilango Sir and Blog mates

vksoni said...

Good morning ilango sir and blogmates

vignesh said...

Good morning Ilango sir

Squander Star said...

Good morning master & jn family

Nilesh Patil said...

Good Morning Master & Friends

venkateshspices said...

Good Morning sir & friends

venkatapathy l said...

Namaste Ilango Sir and blog friends

LV

m.veerasamy Maruthai said...

Good morning Sir and blog mates.


veerasamy

Arif said...

Ilango ji,
Good Morning...

rama balaji said...

GM Ilangiji & all Blogmates

jagannathan said...

good morning to you sir

shriram said...

GM Master & JN Family.

Have a gr8 day!

sanyasho said...

Good Morning, Sir & Seniors
How to know a "Trading range" for the day is developed.
Thanks

marina s rao said...

GM Master & all blogmates - M S Rao

Stockathon said...

Good Morning Ilango Sir & Friends...

Prakash said...

Gudmorning master & all frnds

amber said...

Sir ILango ji charan vandan and everyone good morning

Raghavendra said...

Dear All,

Nifty intraday low near Day S2 and Week S1 pivot range. Next levels : Week S2 at 5700, Day S3 at 5709

Raghavendra

dharmu mishra said...

respected shreeram sir
as per TT its downtrend price below 5ema ,hrly low ema.
broken imp support 5798
but sir we r in b wave and once c wave starts nifty will move up
pls guide for the expected target of b wave and when we can expect c wave to start thanks

Prabakar said...

Namaste Ilango Sir & JN Family.

BankNifty Spot below Week Low EMA....

Raghavendra said...

Dear Dharmu mishra ji,

Though its addressed to Shri Ram...here are my observations.

On Friday , we had 2 EW counts updated in Ilango sir's chart and as of today its updated to 1 count. Not even Ilango sir would know where a wave can end :). Current marking is a 3rd down and minimum target is 5703 as mentioned in pre-market view and can sub-divide too.

From TA perspective : Week signalled a sell on rise + Day has gained downward momentum Friday and lets flow with it..till we see a close above Day low ema.

Dont look at levels.

Raghavendra

sarvesh said...

@ dharmu mishra, sorry to intervene, but sir has written off that abc correction and we are currently counting 1,2 3,4 and 5 bearish scenario..of which we are in 3rd wave down and further fractals of this 3rd wave shall be counted as it unfolds..it has probably done its 1st till now..

shriram said...

Dear Raghavendra,

Thank u, now can concentrate on my trades peacefully :-D

sarvesh said...

a 2nd running within 3rd is probably going on but time will still make us sure

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