Tuesday, November 5, 2013

Nifty Pre-Market View.

Hour TA is overbought with some -ve divergences.
Resistances being "6332-55" zone. Staying below it, weakness continues.
Supports being "6271-82" zone. Staying above it, strength would return.
Month has given a positive reversal signal. However, week & Day are in Overbought zone while Hour & Day TA has -ve divergences. Hence, intra month corrections would be possible.
Couple of months ago, month generated a "Hold sell" with a close below MLEma but the shorter T/F showed highly oversold conditions with +ve div and market started an intra month correction upwards, only to reverse the month trend too.
Present set up resembles exactly of the opposite in nature.
We, traders, follow the market from the shorter T/F, keeping the higher T/F in the back ground.

29 comments:

Adrian Jose said...

Good Morning Ilango Sir and Blogmates

San said...

Good Morning Ilango Sir and Friends

Diamond Pattern of ITC: CLICK HERE

venkateshspices said...

Good Morning sir & friends

DNSHUKLA said...

Good Mng Sir and Friends.

venkatapathy l said...

Namaste Ilango Sir and blog friends

LV

Bala C said...


Good Morning, Ilango Ji

and

Belated Deepavali wishes to everyone :)

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.

“I do not want to get material life. I do not want sense-life but something higher.” That is renunciation. Then, by the power of meditation, undo the mischief that has been done.

- Swami Vivekananda

rama balaji said...

GM Ilangoji & all Blogmates

Nilesh Patil said...

Good Morning Master & Friends

Trader Junkie said...

good morning all after the festivities !

Traveller said...

Good Morning Master and all

Nov 5th 2010 nifty around 6300, Deja vu all again.

gauresh59 said...

Namasthe ilango sir and friends,

Your heart is the size of an ocean
Go and find yourself in its hidden depths…!!!
Only Love, Love & Love…..
Only Peace, Peace…& Peace…..
And that is prosperity……

Let us go deep in this New Year….

Happy New Year ….to all…!!!

vk said...

Namaste guruji.

varun kumar said...

@ ilango sir, seniors and all my blogmates
Good Morning, Have a nice trading day!

shriram said...

GM Master & JN Family,

Have a gr8 day ahead !

Prakash said...

gudmorning master and all frnds

Karthikeyan S said...

Good Morning, Master and seniors

m.veerasamy Maruthai said...

Good Morning Sir and Blog Mates

veerasamy

Amol Sharma said...

Good Morning All !! Diwali Flavor expecting good winter season to keep going on this.

Amol Sharma said...

looks like 6333.333 will play important role staying below this will test of 5118 again possible ??

jvr said...

Good Morning MAster and Friends

shiva said...

good morning , Sir.. And seniors..

Prithvi Raulji said...

Good Morning Family,

Is any one have ATR Range for Today??

Please quote

Manish said...

Goodmorning master and friends

Have a great trading Day Ahead !!!

Raghavendra said...

@ Prithvi Raulji,

Approximate ATR range per ND Sir's calculation is

6240 to 6265 < Buy . Sell > 6345 to 6370

Raghavendra

Trader Junkie said...

bearflag triggered on 2min..also below 5ema ..next support around lema and w-hema...seems like

Nilesh Deshpande said...

ATR Based Trading Signals
Buy Zone : From 6277.35 to 6257.35
Breakdown below : 6253.35 Breakdown target : 6197.35
Sell Zone : From 6357.35 to 6377.35
Breakout above : 6381.35 Breakout target : 6437.35

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