Thursday, December 12, 2013

Nifty Pre-Market View.

Nifty sought the first support @ 6280-86 and had a minor bounce towards 6322-33 zone & fell again.
Staying below the day pivot, it would seek next cluster around 6250-59 zone, also DLEma & Hour channel support. "6239" would be DLEma(6259) less 20 points and hence to keep the uptrend intact, Nifty should find support in 6239-59 zone, failing which larger correction or reversal could set in.
6239-59 is the zone from where weekly trend could assert from afternoon. Failure to move above 6362 would imply a reversal.
The fall from 6415, so far, has been of corrective nature & controlled in a small narrow channel which would provide some guidance during the day...
I will be away for most part of the day. If possible, will update.

102 comments:

DNSHUKLA said...

Good Mng Sir and Friends.

NEVER GIVE UP said...

Good Morning Sir & All Friends.

venkatapathy l said...

Namaste Ilango Sir and blog friends

LV

shiva said...

good morning, Sir and friends..

Arif said...

Ilango ji,
Good Morning..

Indian Trader said...

Good Morning Master & Friends.... :)

mynac said...

Thanks a lot Dear satheesh for beautiful charts.

Trading For Living! said...

https://skydrive.live.com/redir?resid=BE7C624779B57552!132&authkey=!ANlvMfC94jEWI6U&ithint=file%2c.Pdf

satheesh said...

Good morning Mynacji,

Most welcome :)

Prakash said...

gudmorning master and all frnds

Parminder said...

Master ilango and friends,
good morning to all
regards

SANPOT said...

Good Morning Ilango Sir and Blogmates.

sapna said...

Hi
Since DLEMA is 6269 should the support be 6249 instead of 6239?

mynac said...

Today's modest initial HVT @ 6272.25....
Bye..

amber said...

Sir ILango ji charan vandan and everyone good morning

dharmu mishra said...

@sateesh
great chart updates

vk said...

Namaste Guruji.

Manish said...

Goodmorning master and all friends..

Raghavendra said...

Dear All,

Some observations on Nifty

1. Gap down in Nifty for 3rd day in a row.
2. Unfilled gaps of past 2 days. Open down gaps from 6362 - 6364 , 6333 - 6327.
3. Last 3 weeks, Nifty made a top on Monday - pulled back / corrected till Wednesday and resumed the uptrend on Thursday and Friday.

Raghavendra

m.veerasamy Maruthai said...

Good Morning Sir and Blog Mates

veerasamy

Raghavendra said...

Dear All,

12th December JN Tech table snapshot is uploaded on JN blog.

Nifty tested Master's premarket support zone.

Raghavendra

satheesh said...

@ dharmu Mishra

Thank you

Parminder said...

satheesh madam,
nice charts
keep it up

S BM said...

Good Morning Sir and Friends

shriram said...

GM Master & JN Family,

Have a gr8 day !

Karthikeyan S said...

Good Morning, Master and seniors

Atharva said...

Gm to all : Tomorrow's developing JNSAR must have triggered to short side.. Can any body tell what it is???

Prithvi Raulji said...

Good Morning Family,

@Atharva and Kumar,

In the morning play with today JNSar, After 1 p.m. play next day Jnsar,
Also Weekly Trend Positive ,so play with weekly trend

marina s rao said...

GM Master & all blogmates.

Have a profitable day - M S Rao

Atharva said...

Dear Prithvi : thanking you..

kumar said...

Prithvi
thanking you

Sanjay Jaiswal said...

Dear Ilango Sir & Blogmates,

OI Table Update at 11:00AM, Pivot-6338, S1-6317, S2-6291, VWAP-6297

The CE writers are in control from the morning itself, now the Bulls have to make a comeback or else Option Table will turn Bearish, Sell on Rise till VWAP at 6333NF is not taken out…

Thanks & Regards

jay shah said...

freinds what time is iip data?

Prithvi Raulji said...

@Jay shah,

It will publish after market hour at 5PM

herry said...

dear sir update TT...plz

gs said...

@harry sir has mentioned he will be unavailable today

jay shah said...

dear prithvi thanks for responding sometimes doesnt it come during market hours around 11?

Prithvi Raulji said...

@Jay Shah,

They Stupid try to making manuplative market and making fear to us for that ,we thinking about wt figure comes out and wt will be happened in market,
but we stay with our trend and studies

Jo hoga woh apne trend ke sath hi aayega

jay shah said...

yes true ur right prithviji many thanks

Raghavendra said...

Dear All,

12PM JN Tech table snapshot is uploaded on JN blog.

Prices closed below Day Low EMA & Week High EMA

Raghavendra

Chetna Jethi said...

@shriram,, your prefferred count at this juncture, please!

STOCK4SURE said...

a bearish WW may develop though not a copybook pattern but still ?????? in ns charts

may trgt 6228 levels tomorrow in first few hrs

probable path may be 6315-20 range initially today and then may dip towards 6248ns intraday towards eod and may open tomorrow with weakness and then may make a LL near 6228ns levels from where a good upmove may start

Yash and Dhan said...

Every time the market reaches 6259 premium increases on nifty futures. Maybe too many people know this level is the support

shriram said...

@ chetna,

To simple eyes,

i 5973 6415 442
ii 6415 6255 -160 -36.2% ** in play ...



nakshatra said...

@Yash and Dhan are u trying to say that this will eventually break today ?

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Yash and Dhan said...

No I think it will hold

Sanjay Jaiswal said...

Dear Ilango Sir & Blogmates,

OI Table Update at 1:00PM, Pivot-6338, S1-6317, S2-6291, VWAP-6296

The 6300CE writers trying to make sure that the close is below the level with highest addition till now, Solid support coming up around 6200, it still Sell on Rise…

Thanks & Regards

nissan deka said...

Raghvendra what is the Day Low EMA n the Week high EMA ???? kindly advice. Thankyou

Raghavendra said...

@ Nissan,

DLEMA : 6264. Week High EMA : 6293

Raghavendra

kumar said...

anybody know's the devoloping tommo jnsar

salildali said...

I think it will come around 6170

kumar said...

6175 is it correct

chetas said...

@kumar

My guess onDeveloping JNSAR:

on 10th 6201, and on 11th 6227, today is 6253, increasing by 26 pts,

Based on this it JNSAR be around 6279. current 5dema at 6281, assuming we close at this level.

So my broad guess is 6275-6280 levels


Chetna Jethi said...

recovery on the way after hitting pre market supports??

STOCK4SURE said...

a small -Ww developing
cmp 6267ns
may trgt 6251 near 2.00pm

chetas said...

Shriram & friends

My dream ;
can it be a Island top reversal :))))

shriram said...

Hi Chetas :-)

For now, holding Dev. DloEMA @ 6259, small dream of 30-40 pts bounce to St.DEMA will be enough for poor hungry ppls like me ;-)



Aly said...

@ chetas,

as per my experience, Island reversal in Indian context dont seem to work at least on Indexes

Raghavendra said...

Dear All,

2 PM JN Tech table snapshot is uploaded on JN blog.

Prices continue to close below Day Low EMA & Week High EMA.

NR7 day in progress too.

Raghavendra

nakshatra said...

@Raghavendra

What is NR7 day?

Raghavendra said...

Dear All,

NR7 pattern is invalidated if prices move beyond 6297 or 6243 levels.

Raghavendra

ITradeForProfit Daily said...

@raghavendra

We are already above yesterday's range of 52.40 as today already 54.25 done

Raghavendra said...

@ Nakshatra,

NR = Narrow range. 7 is the period in this case its 7 days.

Today prices are trading in a extremely narrow range and post an NR7 day - prices should expand.

Last 4 , NR7 patterns resulted in downward range expansion.

Raghavendra

mynac said...

In-spite of fall,there are no big cash volume trades expect that opening one i.e. @ 6272.25,which would be probable JNSAR for tomorrow is guess cause market used to remain ahead of us for atleast 1 -2 to 3 days.And fii who are net Buyers here,would not let down their efforts is one feeling.

anand said...

Dear Friends
Some observations :
1. An expanding triangle with 3 waves on each leg has been developing since 12pm in a tight range. Will it result in Breakdown or Breakout on up side?
2. Fibo levels of fall from 6236 till 6255 : 38% at 6282 was breached in the morning high and not breached for entire day. 50% at 6291 is far.
Weakness below these and strength above 6299/6312?

Lets see how NS unfolds after 2:30?

Raman Kapoor said...

6200 put now has the highest open interest. Does it indicate a strong support building at 6200.

anand said...

Sorry- forgot to mention. Triangle is on 2 minute t/f.

Prithvi Raulji said...

Hourly stoch.crossover seen now

Raghavendra said...

@ITradeForProfit Daily,

Today's range is from 6287 to 6253 = 34 Points. Lowest in last 7 days.

For NR7 invalidation , need today's range to be greater than 44.6 points ( Dec 6th range ).

Raghavendra

Raghavendra said...

@ Shriram,

Does the hourly chart from morning resemble a bear flag ?

mayank said...

HHEMA = 6275 and Hour J10SAR = 6277.

Prithvi Raulji said...

Everybody looking for downfall , bcz master's comment there below 6382 deeper correction

nobody use weekly trend

shriram said...

@ Ragha,

Intra- may appear a bear flag, but on Hr TA , the Candles over the last 3-4 days fall, suggest Hi-FREQ / unstable / corrective behaviour

shriram said...

** note:

view is invalid below todays low

mayank said...

@ Prithvi Raulji

Trend do reverse and everybody is waiting for direction whether up or down .
Close below Dlema today can reverse the trend and a move above Hhema could have bulls in picture .

Kiran said...

Today NSE forgot to declare holiday...

STOCK4SURE said...

another small -WW may be developing

may have formed pt4 near 6261ns

may move up towards 6277-80ns range near eod to form pt5 and then may dip below 6240 in first 2 hrs of tomorrow

Manish said...

thanks satheesh for the tech table

marina s rao said...

@ Kiran

Holiday on what account ?

sudharsan said...

Jnsar triggred sell ????

Swami Shivkumaar said...

Today's JNSAR TRIG on the Short side. Can some body confirm

marina s rao said...

NS below Today's JNSAR @6253 and recovering.

Raghavendra said...

Dear All,

3 PM JN Tech table snapshot is uploaded on JN blog.

Prices continue to close below Day Low EMA & Week High EMA.

NR7 day is invalidated

Raghavendra

Raghavendra said...

Dear All,

3rd day in a row - down gaps at the open remain unfilled.

Up gap from 6260 ( Election day gap ) is completely filled. Prices testing another BIG upgap between 6161 - 6230 levels.

shriram said...

yup.. the down-move continues...

whether to call it NEW impulse or ABC not clear to me :-(

Kiran said...

9:30 to 2:30 - 30 points range
2:30 to 3:30 - 40 points range

anand said...

Dear Friends,
1. Counter attack lines pattern now in weekly time frame below 6260. Also old expanding triangle mentioned by Master in week t/f showing effect?
2. SAR triggered on downside?
3. Closing most probably below DLEMA -20 pts also and 6239 support is gone?
4. expanding triangle worked (2 minutes t/f)?
5. Lead indicator is is OS zone but may remain there
6. Next gap area of 6231-6160 is the target now to be filled ?
7. 3 black crows pattern on daily t/f working?
8. Some bounce due to gap at 6230 expected but fibo levels not reached of fall from 6236 til 6255 and new lows made.
9. Trend indicator turning down but not triggered (if closing at 6240).

Above all, Master to keep guiding us :-)

Raghavendra said...

Dear All,,

12th December TA file is uploaded on JN Group for your reference.

marina s rao said...

@ Anand

All indicate a downward bias for NS

gs said...

thanks raghavendra ,shriram,kiran,prithvi ,mynac and all others for observations and guidance ...

marina s rao said...

Thanks to all seniors for their timely contributions.

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