Monday, November 25, 2013

Nifty Pre-Market View.

A 5-wave pattern is being completed from the recent top of 6212.
Last week of the month is upon us and month trend would attempt to assert itself either today or in the last 2 days of this week/month..
"Follow" the retracing moves..as long as "5946-72" is held.. These is a cluster support just above MEma-5909.
Above "6021-35", it is retracing towards "6093-6121".(Based on current low of 5973)
Above "6165", bullishness confirmed for new highs.
Inability to move past these retracements, prices could seek 200dsma..

22 comments:

Bala C said...


Good Morning, Ilango Ji

NEVER GIVE UP said...

Good Morning Sir & All Friends.

Kumar said...

Namaskaaram GuruJi and Brother & Sisters,

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

All who have actually attained any real religious experience never wrangle over the form in which the different religions are expressed. They know that the soul of all religions is the same and so they have no quarrel with anybody just because he or she does not speak in the same tongue.

- Swami Vivekananda

ankita said...

good morning sir,
I think 1st 6048, then 6068 are resistance, yes strong resistance.

venkateshspices said...

Good Morning sir & friends

DNSHUKLA said...

Good Mng Sir and Friends.

R.S. SUNDARAM said...

good morning Ilango sir and everyone in the blog.

venkatapathy l said...

Namaste Ilango Sir and blog friends

LV

Trading For Living! said...

Nifty Weekly Report :

https://skydrive.live.com/redir?resid=BE7C624779B57552%21107&authkey=%21AFi1n6f_ewWAois&ithint=file%2C.pdf

rama balaji said...

GM Ilangoji & all Blogmates

amber said...

Sir ILango ji charan vandan and everyone good morning

Raj Chowdary said...

Hello Sir... This is my first post in this site... and i am glad to message to a great man like you...
As per your statement .. " Above "6021-35", it is retracing towards "6093-6121".(Based on current low of 5973) "
You have mentioned above 6021-35 its retracing towards 6093-6121 (Which is 50% to 61.8% of the last move). Can you please share .. why you have left out the 38% retrace of the last fall i.e. @ 6064.. Is it not going to act as a resistance for today's move?

vk said...

Namaste Guruji.

Prakash said...

gudmorning master and all frnds

ankita said...

let me explain 6068 why resistance,
if and only if we are in a,b,c then 'a' done at 5972 , 'b' done at 6212, 'c' should be as a=c or more.
now 'c'a done at 5972=227points, if 'c' will in happen, and if we are in 'c'b then 'c'b tgt 5841+227=6068. thanks for the math.

ankita said...

sorry corrected
let me explain 6081 why resistance,
if and only if we are in a,b,c then 'a' done at 5972 , 'b' done at 6212, 'c' should be as a=c or more.
now 'c'a done at 5972=240points, if 'c' will in happen, and if we are in 'c'b then 'c'b tgt 5841+240=6081. thanks for the math.

Parminder said...

Master ilango and friends,
Good morning to all
Regards

Ilango said...

@ Raj Chowdary,

Considering the "oversold Hour TA with +ve div", it was perceived to be a larger retrace and if month trend asserts, a likely reversal too.

shiva said...

good morning, Sir and friends..

Raj Chowdary said...

Thanks a lot for the clarification sir.

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