Wednesday, November 20, 2013

Nifty Pre-Market View.

After the week trend turned down last week while the day T/A @ Oversold zone, a ST rally emerged and prices have retraced the "golden ratio" and @ the cluster resistances of 6220-37.
Weekly trend could assert today or tomorrow and if it fails to do so, monthly trend could start to assert itself (Remember month trend turned up with momentum on 31st Oct. with a close above 6123-MHEma)
6114-38 is the critical support zone.
6220-37 is the cluster resistances.
Day trend is aligned with month; but week trend is in conflict which would need some resolving and the crucial numbers are WEma(6114) & WHEma(6206 presently).


19 comments:

Ding A Dong said...

Good Morning All.

Dear Prabhanshu,

Based on sgx as of now it look like CE writers are aiming to hit a six.

Guess is not bad as it will lead you to follow one day but trade management is more important when your guess is wrong, and its most needed.

Take Care

m.veerasamy Maruthai said...

Good Morning Sir and Blog Mates

veerasamy

sudharsan said...

Good Morning Master And Friends.....

venkateshspices said...

Good Morning sir & friends

Raman Kapoor said...

Gud morning Ilango Sir and other blogmates

NEVER GIVE UP said...

Good Morning Sir & All Friends.

venkatapathy l said...

Namaste Ilango Sir and blog friends

LV

Kumar said...

Namaskaaram GuruJi and Brother & Sisters,

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

All power is within you. You can do anything and everything. Believe in that. Do not believe that you are weak; do not believe that you are half-crazy lunatics, as most of us do nowadays. Stand up and express the divinity within you.

- Swami Vivekananda

vksoni said...

Good morning ilango sir and blogmates

rama balaji said...

GM Ilangoji & all Blogmates

Manish said...

Goodmorning master and all friends..

Have a Great Learning and earning session !!!

Prabhanshu Raman said...

Good morning Sir and friends.
@Ding... Guess ulta pad gaya. .. lolz. Gap down with 16 points

DNSHUKLA said...

Good Mng Sir and Friends.

sarvesh sharma said...

Good morning, sir!
how many points one should give to hour jnsar for survival? in day it is 20, in week it should be little more....how many should be in hour?

San said...

Good Morning Ilango Sir and Friends

TATA Steel Chart analysis: CLICK HERE

Karthikeyan S said...

Good Morning Master and seniors

hardeep thakur said...

@Prabhanshu @Ding,

Your guess was of significance to me coz it was based on some analysis, not just 'emotional feeling'(as i do). Thanks a lot for this as it give me some learning.

Regards,

satheesh said...

Namaste Sir and all,

Nifty Day Bullish perspective Three Drive Harmonic Chart:
CLICK HERE Nifty Day Three Drive Pattern CHART

NIFTY Bearish Perspective WW chart:
CLICK HERE Nifty Day Bearish Wolfe Wave Chart

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