Wednesday, October 30, 2013

Nifty Pre-Market View.

JustNifty TA file @ Just Nifty Google group had an Hour chart with an alternative channel. Prices broke that channel briefly and moved up sharply similar to its move from 6117 to 6252.
That shows two scenarios:
A 5th wave unfolding from 5701 low.
A (i)st wave of 3.3 unfolding from 5119 low.
For the day:
From the lows of 6079,  the sub-wave "v" unfolding from 6202.
(i) of v done at 6228(26 pts);
(ii) of v done @ 6219 and
(iii) of v would unfold at Open. (6219+26 to 40)=6245-6259 or more... and then a correction for
(iv), not touching (i) top @ 6228 and then
(v) of v from 6079 lows ending above (iii) highs to be followed by a correction starting for the entire rise from 6079 to XXXX. (All these should happen in the opening session)
This is the plan; if market behaves differently, draw up another plan.

30 comments:

Kumar said...

Namaskaaram GuruJi and Brother & Sisters,

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

"Seek ye first the kingdom of God, and everything shall be added unto you." This is the one great duty, this is renunciation. Live for an ideal, and leave no place in the mind for anything else. Let us put forth all our energies to acquire that which never fails--our spiritual perfection. If we have true yearning for realization, we must struggle, and through struggle growth will come. We shall make mistakes, but they may be angels unawares.

- Swami Vivekananda

DNSHUKLA said...

Good Mng Sir and Friends.

Adrian Jose said...

Good Morning Ilango Sir and Blogmates

vk said...

Namaste Guruji.

R.S. SUNDARAM said...

good morning Ilango sir and all blogmates

Waquar said...

Very Nic3 and descriptive Pre-Market View Iango ji :)

venkateshspices said...

Good Morning sir & friends with you to have profitable day

Manish said...

Goodmorning master,

The premarket view quite well speaks off why we all call you Master.....Grt.

shiva said...

good morning, Sir and senior friends..

NEVER GIVE UP said...

Good Morning Sir & All Friends.

rama balaji said...

GM Ilangoji & all Blogmates

D.S.SASAN said...

Good Morning Master, Seniors and dear Blog mates.

Prabhanshu Raman said...

Good Morning All,

When we say Opening session - does it mean first 15mins frimn market opening ie till 9.30?

Karthikeyan S said...

Good Morning Master and Seniors.
S.Karthikeyan

cooldent said...

Sir

There is neg div in BN hr chart?

Ilango said...

@ Prabhanshu Raman,

Opening session= Approx. till 11.30AM

Ilango said...

@ cooldent,

I'm not following BN during Mkt hours.

Prakash said...

gudmorning master and all frnds

Ilango said...

(iii) of v would unfolded at Open. (6219+26 to 40)=6245-6259 or more... =6253.65 done presently.

and then a correction for
(iv), not touching (i) top @ 6228 = so far done upto 6240.10

and then

(v) of v from 6079 lows ending above (iii) highs(6254) to be followed by a correction starting for the entire rise from 6079 to XXXX.

dinesh said...

Are we now in( v) of v.?

Ilango said...

It could still be (iv).v as long as it keeps above 6235.

Prabhanshu Raman said...

sir can u pls guide for corrections as well with 1 preferrred scenario. I know its too much asking and corrections can be known after it startes unfolding. But I wanted to know in terms of %retracement that a /b /c can do?

jvr said...

Morning MAster and friends

m.veerasamy Maruthai said...

Good Morning Sir and Blog Mates

veerasamy

amber said...

Sir ILango ji charan vandan and everyone good morning

Ilango said...

6228 6222 ... is 50%-61.8% retrace of the last rise from …… 6202 to 6254

80% is - 6212

If strength to return again, it should be around 6228 6222

Weakness gets confirmed Below 6222 OR 6212

Hemanth said...

Sir now that prcies have broken 6228,if possible can you please give your alternate elliot count for intraday...

Thanks a lot :)

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