Wednesday, December 18, 2013

Nifty Pre-Market View.

A 5 waves may have been done from 6415 to 6133 (OR only 3 waves; BN suggests of 5).
If there is going to be a bounce it should start here around 6110-27 zone or the fall gets sharper down.
Last fall may be considered from "6191"; hence, price rise above 6168-79 would reveal the likelihood of larger rise, provided "the lows" hold.
Initiating trades @ the probable supports/ resistances would make low-risk-high reward trades.
One could continue to look for opportunities to initiate trades in the direction of the trend till the SL is breached. Part-booking makes the "Kalla" swell.
Small-time-business men don't make perfect sales but profitable ones; Profit precedes everything else.

27 comments:

San said...

Good Morning Ilango Sir and Friends

NIFTY Chart analysis: CLICK Here

DNSHUKLA said...

Good Mng Sir and Friends.

NEVER GIVE UP said...

Good Morning Sir & All Friends.

venkateshspices said...

Good Morning sir & friends

venkatapathy l said...

Namaste Ilango Sir and blog friends

LV

Manish said...

Goodmorning master and all friends,

kya baat kya baat master ...!!!

Janak said...

Dear Ilango - is it possible to add couple of lines about banknifty levels in your pre-market view? Thanks

vk said...

Namaste Guruji.

shekar said...

Good morning Ilango sir

amber said...

Sir ILango ji charan vandan and everyone good morning

SANPOT said...

Good Morning Ilango Sir and Blogmates.

Trading For Living! said...

Good Morning,

Nifty Daily Report 18h Dec 2013.

https://skydrive.live.com/redir?resid=BE7C624779B57552!136&authkey=!ALgyF7gI1rAE4ek&ithint=file%2c.pdf

shiva said...

good morning, Sir and friends..

Prakash said...

gudmorning masterand all frnds

Magesh Waran said...

good morning illango sir

Hemanth said...

Good Morning Sir and Blogmates..Have a profitable day :)

Shiv Kumar P P said...

Good Morning Master and all friends

shriram said...

GM Master & JN Family,

have a gr8 day!

Stockathon said...

Good Morning Ilango Sir and Friends...

anand said...

Good Morning Sir,
Initial observations :
Again game for 6165/85 today till 11 AM resolution on either side?
Prev day low breaching at open -> and held-> can it be indicative for "upward correction" after 5 waves done as indicated in pre-market (to be confirmed on crossing 6168-6185 or St. DLEMA at least?
So the Friday closing of "Week trend NOT Down- but sell on rise" has been resulting in trading ranges in day t/f ? Unless both get aligned ?

m.veerasamy Maruthai said...

Good Morning Sir and Blog Mates

veerasamy

chetas said...

61.8 retrace for 6190-6229.95 @6167 almost done

Squander Star said...

Good Mrng Master & Friends

Wish you all a successful day

jvr said...

Morning MAster and friends

Karthi Keyan said...

Ilango Sir now Ur EW count is on A or (2) ,now alternative view its on (iii) to (iv) or (c) to (x) is possible ?

Post a Comment