Friday, October 11, 2013

Nifty Pre-Market View.

Two MT scenarios:
1. Correction continues from 6143 as a "Flat" with "a" done @ 5701; "b" in progress & end in two ways.
a) Since it is a "Flat", there is no restriction on the retracement. The "rising wedge possibility", if true, would restrict the rise @ 6033-44. (After reaching 6033 at open, the failure of a fall negated this view)
b) If "DZZ" from 5701, it could rise further to 6100-6126.
Once the "b" is done, a sharp fall, "c", towards 5800 & lower would complete the "Flat".
2. Correction is completed from 6143 to 5701. A new uptrend has commenced with "ist wave" completed @ 5950, "iind wave" completed @ 5877 as an irregular flat(bullish) and the "iiird wave" has commenced with (i)st almost done. (i) completed @ 6033; (ii)-irregular flat done @ 5994.(iii) opened up @ 2.42PM.
A retrace more than 61.8% of the "rise from 5994" would negate this now.

27 comments:

Bala C said...



Good Morning, Ilango Ji


venkateshspices said...

Good Morning sir & friends

DNSHUKLA said...

Good Mng Sir and Friends.

Debabaibhab Das said...

Gm and thanks for your views

San said...

Good Morning Ilango Sir and Friends

NIFTY Chart analysis: CLICK HERE

Kirubanandam T said...

Good morning liango sir & all...

jvr said...

Good Morning MAster and blog mates

anmpatel said...

@master and friends
good morning





is that any clue by which we can confirm that red B nagated and we are going to new highs.
thanks.

Kumar said...

Namaskaaram GuruJi and Brother & Sisters,

Good Morning. Have a Good Day. Vaalga Valamudan.

venkatapathy l said...

Namaste Ilango Sir and blog friends

\LV

Ravi Pillai said...

SIR
Good Morning.
Ravi

R.S. SUNDARAM said...

good morning Ilango sir. Wish you and all blogmates a happy sarawathi pooja and vijayadasami. May the Goddess showers Her blessings to all of us.

Prakash said...

gudmorning master and all frnds

shree said...

The way NIFTY behaved from opening......WEEKLY ..sell on rise trend to remain intact on today's weekly closing?????...I mean closing below 5965???....or at least below DHEMA ..lets see...

sudharsan said...

Good Morning Master and Friends....Master 'b' done ??? and sharp fall is on???

shree said...

gap filled......

discipline focus said...

@Ilango,
Master a drop below 5937, would negate the 2nd MT scenario now?

regards

dharmu mishra said...

respected llango sir
for rise from 5994 to 6107
if strenght to return it should hold 6038 6050 which r 50% and 61.8%
am i correct sir

sarvesh sharma said...

good morning, sir! just a small question early morning itself..If 61.8% of total rise from 5994 is breached at 5936 by a few points say 4-5, closes the gap..and rises again..would you give it some room of 5-10 points or not..in that case we wud be left with one option as written in pre market or we still consider the second option?
a potential bear flag in the making too. negated above 6085

Manish said...

Goodmorning master,

Will it be fair to assume that iiird of c done and now we are in the final upmove for vth which may be truncated..

pl guide

ITradeForProfit Daily said...

Nifty opens in ND Sir's ATR sell zone and is drifting downwards slowly

amber said...

Sir ILango ji charan vandan and everyone good morning

shree said...

NS so far

5994 to 6103 = 109 50% = 54 = 6103-54 = 6050 touched 6047
6103 to 6047 = 56 38% = 23 = 6047+23 = 6070 touched 6067

crucial levels.....
5994 to 6103 = 109 61% = 67 = 6103-67 = 6036
CAM H3 == == == == == == == == == == 6036
pivote base======================= 6012
CAM L3 == == == == == == == == == == 6006

below all this 5985 level very6 very imp.......


shree said...

one more point....
5994 to 6103 = 109 80% = 87 = 6103-87 = 6016

Ilango said...

Break below "6046" weak.(Aggressive)

Break below "6017" weak.(Conservative).

anmpatel said...

@master
what about "strong" above xxxx!!
thanks.

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