Tuesday, October 29, 2013

Nifty Pre-Market View.

Prices have been correcting since "closing below DHEma" four days ago and have reached the earlier cluster supports in NF @ 6100 as well as DLEma less 20 @ 6094. Hour TA shows oversold readings but without divergences.
Hence, if the bounce is able to overcome resistances-1 @ 6135-44(50%-61.8% of last fall), and the resistances-2 @ 6160-71(80%, 21 Hr sma & Wk.pivot), prices would head higher; if not retreat lower.
The high or the low made around the RBI announcement @ 11.00AM could play a critical role.

32 comments:

Bala C said...



Good Morning, Ilango Ji

San said...

Good Morning Ilango Sir and Friends

SBI Chart analysis Before RBI Policy: CLICK HERE

DNSHUKLA said...

Good Mng Sir and Friends.

venkateshspices said...

Good morning sir & friends wish you to have a great day

R.S. SUNDARAM said...

Good morning Ilango sir and all friends

Ravi Pillai said...

SIR
Good Morning.
Ravi

vk said...

Namaste Guruji.

Adrian Jose said...

Good Morning Ilango Sir and Blogmates

amber said...

Sir ILango ji charan vandan and everyone good morning

m.veerasamy Maruthai said...

Good Morning Sir and Blog Mates

veerasamy

rama balaji said...

GM Ilangoji & all blogmates

ssb said...

Good Morning Sir

NEVER GIVE UP said...

Good Morning Sir & All Friends.

adishivam said...

Good Morning Ilango Sir.

nissan deka said...

dear illango sir, I calculate tech table but 5ems, Dhema,Dlema does not match with your result. there is a difference of 10-15 points. why?

please help me

Prakash said...

gudmorning master and all frnds

Karthikeyan S said...

Good Morning, Master and seniors.

S.Karthikeyan

Nilesh Patil said...

Good Morning Master & Friends

Parminder said...
This comment has been removed by the author.
Parminder said...

Master ilango and friends,
Good morning to all
Regards

abhi said...

In Bank Nifty Futures

A - 11127 to 10805 (322 points)
B - 10805 to 11014 (61.8% retracement of A)
C - 11014 to 10690 (100% of A)

Experts Please Suggest

abhi said...

1.618% of A - 322 points comes to the level of 10495 ( As the level of 10690 is breached)

Suraj said...

Good Morning Ilango Sir and All Seniors & Friends

Kumar said...

Namaskaaram GuruJi and Brother & Sisters,

Good Morning. Have a Good Day. Vaalga Nalamudan and Valamudan.

"I do not want to get material life, do not want the sense-life, but something higher." That is renunciation. Then, by the power of meditation, undo the mischief that has been done.

- Swami Vivekananda

shiva said...

good morning, sir & senior friends..

abhi said...

1.618 times of A - 322 points comes to the level of 10495 ( As the level of 10690 is breached)
2 times of A - 322 points comes to the level of 10370.
Also 10300 to 10400 seems to be the previous support zones.
So on these counts if the bank nifty falls after the policy it might find the support at 10350 to 10400 levels for a bounce of 150 to 250 points. Expert please suggest.

Stockathon said...

Good Morning Sir & Friends...

PRAKASH said...

Can we take ORB trade in NIFTY

Ilango said...

"6088" low is still within DLEma-20(6106-20=6086)

Prakash C said...

Good Morning Master

Master has given clue to today's move. Trade taken.

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