Wednesday, December 11, 2013

Nifty Pre-Market View.

Nifty remains sideways after an "exhausting run"..
Till prices are above 6301, it is said to be in a sideways stay; once break it, it is set for a larger correction with the first signal coming from "Close below DHEma".(BN has done it)
Prices retraced to 6342-49 during the last hour, the 50%-61.8% of last fall from 6375-6308 & falling.
Staying below "6362", 80% & R1, weakness persists seeking initially 6280-86, 34HrSma/5DEma and more below it.

26 comments:

San said...

Good Morning Ilango Sir and Friends

DLF Triangle pattern: CLICK HERE

DNSHUKLA said...

Good Mng Sir and Friends.

NEVER GIVE UP said...

Good Morning Sir & All Friends.

Sanjay Jaiswal said...

Namaste Ilango Sir and Friends...

venkatapathy l said...

Namaste Ilango Sir and blog friends

LV

Squander Star said...

Good morning master & friends

happy trading guys 😊

m.veerasamy Maruthai said...

Good Morning Sir and Blog Mates

veerasamy

SANPOT said...

Good Morning Ilango Sir and Blogmates.

Suraj said...

Good Morning Ilango Sir And All Seniors and Friends

Nilesh Patil said...

Good Morning Master & Friends

Anandan said...

NTPC short covering expected. buy
buy hold for 3 days

Trading For Living! said...

https://skydrive.live.com/redir?resid=BE7C624779B57552!131&authkey=!AA8ssH0otmKoIsI&ithint=file%2c.pdf

Prakash said...

gudmorning master and all frnds

shiva said...

good morning, Sir and friends..

Prithvi Raulji said...

Good Morning Family,

ORB Broken Down Side

Lalit said...

facing problems with trade tiger charts

Hemanth said...

Gud Mrng...Sir and Blog Mates...
Have a Profitable day..Cheers :)

Ilango said...

A 5 waves al;most done from 6344 to 6290.

Bearish:
6317 6323 ... is 50%-61.8% retrace of the last fall from …… 6344 to 6290

80% is - 6333

If weakness is to return, it should be around 6317 6323

Strength gets confirmed above 6323 OR 6333

(Fine tune it if moves a bit lower)

shriram said...

GM Master & JN Family,

Have a gr8 day!!

Satish said...

what is ORB for today?

Lalit said...

issue resolved on log out and log in again

Raman Kapoor said...

Dear Sir and seniors, Since the week is up is it not that it will try to assert itself in the afternoon or tomorrow. If yes does it make sense to go long here.

Ilango said...

Bearish:
6316 6322 ... is 50%-61.8% retrace of the last fall from …… 6344 to 6287

80% is - 6333

If weakness is to return, it should be around 6316 6322

Strength gets confirmed above 6322 OR 6333

(6287- 5DEma/ 34 Hr Sma)

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