Thursday, November 21, 2013

Nifty Pre-Market View.

Nifty Pre-Market View of Monday, November 18, 2013.
Weekly trend has turned down while the daily has just done a "pause" in its downtrend.
A 5-wave downmove got completed from 6343 to 5972 and a corrective bounce is on.
(Alternatively, 4th wave got completed @ 6102 and the 5th wave is in progress.)
Holding 6000, this bounce would continue.
(Breaking 6000, the fall would continue.)
"6158"-50% is the resistance for the day. And 6201, 61.8% in the coming days.
Prices retraced to "6212" and shown a sharp reversal yesterday.
"6033-42-79" have shown brief supports in the last few days, breaking of which one would look for the next larger golden retrace of 5701 to 6343 @ 5946 in the coming days.
Day Pivot-6145 & 21 Hr Sma-6179 are the critical resistances.


venkateshspices said...

Good Morning Sir & friends


Good Morning Sir & All Friends.

DNSHUKLA said...

Good Mng Sir and Friends.

venkatapathy l said...

Namaste Ilango Sir and blog friends


Arif said...

Ilango ji,
Good Morning..

Kumar said...

Namaskaaram GuruJi and Brother & Sisters,

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

All that is real in me is God; all that is real in God is I. The gulf between God and human beings is thus bridged. Thus we find how, by knowing God, we find the kingdom of heaven within us.

- Swami Vivekananda

Chetna Jethi said...

Good morning, Sir and mates,

jnsar short has come at the most favorable point this time, after long

m.veerasamy Maruthai said...

Good Morning Sir and Blog Mates


shiva said...

good morning, Sir and friends..

rama balaji said...

GM Ilangoji & all Blogmates

vk said...

Namaste Guruji.

Prakash said...

gudmorning master and all fnds

amber said...

Sir ILango ji charan vandan and everyone good morning

Raghavendra said...

Dear All,

A bearish island is formed at the open of 13.5 points.

Last gap up on 14th Nov from 6056 to 6110.
Today's gap down - opened at 6096.5.

Failing to close the gap between 6096.5 to 6110 by end of day will confirm the bearish island pattern.


Raghavendra said...

Dear All,

Nifty broke ND sir's ATR buy zone . Intraday break down target is 5980 levels.

From ND's sir site :
Buy Zone : From 6083.9 to 6064.4

Breakdown below : 6060.5 (stop loss for intraday longs)

Breakdown target : 5980.35

Sell Zone : From 6161.9 to 6181.4

Breakout above : 6185.3 (stop loss for intraday shorts)


Squander Star said...

Good Mrng Master & Friends

Todays Quote

The price of anything is the amount of life you exchange for it.
-- Henry David Thoreau

Good Day Guys

ankita said...

1st gap at 6056 filled,, 5989 gap to be filled - watching

Karthikeyan S said...

Good Morning,Master and seniors

Hemanth said...

@Ankita...Can you please some more details of the seocnd gap you have mentioned...range for that particular gap..

Kiran said...

There is hardly any retrace... Up moves restricted to 12 points.

Raghavendra said...

@ Hemanth,

Second gap is between 5990 to 6037 occurred on 13th Nov.

Ilango said...

If current low or 6033-42 is held, a minor bounce or a sideways move is likely..........

6107 6126 ... is 38%-50% retrace of the last fall from …… 6204 to 6048

80% is - 6173

If weakness is to return, it should be around 6107 6126

Strength gets confirmed above 6126 OR 6173

Hemanth said...

@raghavendra...thanks for the info :)

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