Wednesday, November 27, 2013

Nifty Pre-Market View.

Nifty is under the influence of contracting ranges right from Month to Hour T/F.
Add to it, the influence of differing technical signals as visible from the TT.
As stated at the start of the week,
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..

34 comments:

Bala C said...


Good Morning, Ilango Ji

Bhushan said...

Good Morning Gurudev and Friends

SANPOT said...

Good Morning Ilango Sir and Blogmates. FII sold Rs 339 cr. worth in cash markets yesterday highest figure in this month.

DNSHUKLA said...

Good Mng Sir and Friends.

Janak said...

week and day trends are down but Month trend is up Ilango? "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
you have a positional buy at 6059 spot and a JNSAR short at 6095NF - so by expiry NF MAYcross 6150 NF? what r ur views on BN?

NEVER GIVE UP said...

Good Morning Sir & All Friends.

vksoni said...

Good morning ilango sir and blogmates

venkateshspices said...

Good Morning sir & friends

Trading For Living! said...

Daily Report : Trading For Living : 27th Nov 2013

https://skydrive.live.com/redir?resid=BE7C624779B57552%21115&authkey=%21AAS9i8zCudvV9Mg&ithint=file%2C.pdf

Ajit Miranda said...

Hi Sir & Blogmates,
I am seeing trend turned to bearish. Be cautious if you are long.

Nilesh Patil said...

Good Morning Master & Friends

vk said...

Namaste Guruji.

Just Trade said...

GM Ilango Sir and All

Have a Great Day

Happy Trading

Regards

JT

Manish said...

Goodmorning master and all friends,

Bears on the back foot with liquidation of around 13 lakhs of 6000 puts while 6100 calls added more than 11 lakhs trying to bring the Nifty down.Any close below 6000 today will add to panic in the bear camp and break 5972-73 next.

Indian Trader said...

Good Morning Master & Friends :)

venkatapathy l said...

Namaste Ilango Sir and blog friends

LV

Karthikeyan S said...

Good Morning Master and seniors

chetas said...

Good morning Master,

you have modified the retrace table from 5973-6122 to 5973-6095.

Does it imply that the fall from 6095-6057 was a , and rally to 6122 irregular b, and now we are in c ?

ITradeForProfit Daily said...

@Manish,

Any close below 6000 today will add to panic in the bear camp? confusing thought

Prakash said...

gudmorning master and all frnds

Raghavendra said...

Dear Ilango sir and Shri Ram,

Can the fall from 6343 be counted as "a-b-c-d-e" taking the shape of a falling wedge. The falling wedge is more pronounced in Sensex and Nifty Futures where both of them made a lower low while Nifty made a slightly higher low at 5973 vs 5972.

Chart reference : http://www.mql5.com/en/charts/1094603/nse-nifty-h4-itrade-capital-markets?bind=1

a = 6343 to 5972
b = 5792 to 6212
c = 6212 to 5973 ( Sensex and Nifty futures did break equivalent low of "a" wave )
d = 5973 tp 6124
e = 6124 to 59xx

Let me know your views.

Raghavendra

Ilango said...

@ chetas,

You're right about it.

It'll lose its relevance below "6048 or 6035".

Stockathon said...

Good Morning Master & Friends...

amber said...

Sir ILango ji charan vandan and everyone good morning

Ilango said...

@ Raghavendra,

It looks like "c" is still underway. (or completed)

shriram said...

GM Master & JN Family,

Hi Raghavendra : mm.. possible, though on the MACD, down-leg "c" : 6212-5973 seems a Fifer (impulse), rather than a ZZ

Waiting for Master to clarify


shiva said...

good morning, Sir and friends..

Manish said...

@IT trade for profit,

Master writes so well and we make mistakes while putting two lines of our thoughts.Typo it is panic in the Bull camp.

Raghavendra said...

Thank you Sir and ShriRam.

Piyush Sharda said...

@shriram

it can be a 5*3*5*3*5 diagonal.

Kumar said...

Namaskaaram GuruJi and Brother & Sisters,

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

Always discriminate--your body, your house, the people and the world are all absolutely unreal like a dream. Always think that the body is only an inert instrument. And the Atman within is your real nature.

- Swami Vivekananda

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