Monday, December 2, 2013

Nifty Pre-Market View.

Month unable to retain its upward momentum with a close below MHEma, generating a "sell on rises" which would mean "unless prices move above MHEma by 80-100 points, weakness would return".
Besides there are conflicting signals from week & Day T/f.
Considering the non-trending nature of price behaviour, one would be extra cautious while following the market which has failed to break-out on last two or three major occasions.
A flat correction got completed for the rise from 6068 to 6183 @ 6160 and prices started the next rise from there on. Follow the prices from 6160 on...
If unable to move past the earlier resistance zone of 6212 & 6269(80%), weakness would return.

28 comments:

SANPOT said...

Good Morning Ilango Sir and Blogmates.
Sir today's Pivot and support/resistances table is different from the post market's table posted on Friday.

SANPOT said...

Sorry Sir I saw the Hrly Table.
Regards.

Adrian Jose said...

Good Morning Ilango Sir and Blogmates

DNSHUKLA said...

Good Mng Sir and Friends.

NEVER GIVE UP said...

Good Morning Sir & All Friends.

prakashbkc said...

GM Master,

Nifty & BN TA file plz

venkatapathy l said...

Namaste Ilango Sir and blog friends

LV

venkateshspices said...

Good Morning sir & friends

dinesh said...

The pivot table is that of Friday.

Trading For Living! said...

https://skydrive.live.com/redir?resid=BE7C624779B57552!120&authkey=!AP2_Fsj0RMRHitk&ithint=file%2c.pdf

vk said...

Namaste Guruji.

Indian Trader said...

Good Morning Master & Friends. :)

mynac said...

GM Everybody,
Initial HVT @ 6198.10 with good volume.

Akshay said...

Good Morning Sir,
Is the Pivot and Sup and Resi correct in premarket veiw ?
Plz check.

Prakash said...

gudmorning master and all frnds

Akshay said...

Todays Pivot is 6154

Manish said...

Goodmorning master and all friends...

Karthikeyan S said...

Good Morning Master and seniors

D.S.SASAN said...

Good Morning Sir and dear Friends.

shiva said...

good morning, Sir and friends..

m.veerasamy Maruthai said...

Good Morning Sir and Blog Mates

veerasamy

shriram said...

GM Master & JN Family,

Have a gr8 Day!

Ilango said...

6185 6179 ... is 50%-61.8% retrace of the last rise from …… 6160 to 6209

80% is - 6170

If strength to return again, it should be around 6185 6179

Weakness gets confirmed Below 6179 OR 6170
=========================================

6141 6120 ... is 38%-50% retrace of the last rise from …… 6030 to 6209

80% is - 6066

If strength to return again, it should be around 6141 6120

Weakness gets confirmed Below 6120 OR 6066

jvr said...

Good Morning MAster and friends

Ilango said...

Pivot table corrected.

Parminder said...

Master ilango and friends,
Good morning to all
Regards

Post a Comment