Thursday, December 19, 2013

Nifty Pre-Market View.

Nifty trend turned up with a close above its 5DEma.
After a subdued opening @ 6130, Nifty offered an opportunity for the ones who count numbers 12345 to make a trade for the "abc".
From the high of 6236, it had a "flat" correction, signifying underlying bullishness in ST.
c= a x .618 of a=106 x .618(66)+6203=6269.
c=a ; 6203+106=6309.
Manage intraday trades using the rise that would unfold from the lows of "6203".
Till 6309, it would be considered as a "corrective rise".
Only above 6309, reversal could be considered and it would be confirmed only above 6358.
Staying above weekly pivot 6248, it could attempt 6335 in the coming days..

42 comments:

venkatapathy l said...

Namaste Ilango Sir and blog friends

LV

Hemanth said...

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

NEVER GIVE UP said...

Good Morning Sir & All Friends.

Arif said...

Ilango ji,
Good Morning..

Trading For Living! said...

Good Morning,

Daily Report For Nifty :

https://skydrive.live.com/redir?resid=BE7C624779B57552!138&authkey=!AF8qqO53b72lO0c&ithint=file%2c.pdf

Janak said...

JNSAR Table showing y'day's values Ilango

Nilesh Patil said...

Good Morning Master & Friends

DNSHUKLA said...

Good Mng Sir and Friends.

D.S.SASAN said...

Good Morning Sir and Bros. & Sists.

amber said...

Sir ILango ji charan vandan and everyone good morning

venkateshspices said...

Good Morning Sir & friends

anand said...

Good Morning Sir,
With opening above 20 pts+DHEMA, uptrend in day is indicated ?
Now weekly Sell on Rise to effect if not crossing WHEMA+ 40-50 pts ~6300 today or tomorrow?

anand said...

So yesterday was a-b-c ? Proving in 5 minutes?

Magesh Waran said...

good morning illango sir, & blog mets

Ilango said...

Bearish:
6222 6232 ... is 50%-61.8% retrace of the last fall from …… 6264 to 6180

80% is - 6247

If weakness is to return, it should be around 6222 6232

Strength gets confirmed above 6232 OR 6247

Ilango said...

Bullish:
6197 6181 ... is 50%-61.8% retrace of the last rise from …… 6130 to 6264

80% is - 6157

If strength to return again, it should be around 6197 6181

Weakness gets confirmed Below 6181 OR 6157

NEVER GIVE UP said...

@ Ilango Sir,

Sir can we count this move from 6130 to 6264 as a 5 waves too.

Kiran said...

One of the craziest start of the day.

prakashbkc said...

Market not given a chance to exit from JNSAR Long

shiva said...

good morning, Sir and friends..

Manish said...

Goodmorning master,

Nifty does exactly a=c.A master stroke....Master when can we confirm that it is "C" started ?

prakashbkc said...

Very difficult situtation US market is in Bull run & JNSAR is short now , Better to wait & watch

Kiran said...

Back to Pre RBI anouncement.

shriram said...

GM Master & JN Family,

Price rejection @ top, and now trading < 5DEMA & 34EMA,30mins.. looks like St. WkEMA @ 6166 is going to be retested !!

anand said...

And we are again towards 6142 ? original trend after the corrective rise is over?

nakshatra said...

Sir and Seniors

I want to ask one question on JNSAR.....suppose JNSAR long or short and market does a gap opening against it and if we exit from that trade then again JNSAR hits and we need to reverse the position according to it. But is it advisable to hold your previous JNSAR trade let the market cool off the gap and then decide on the trade ?

sometimesbullsometimesbear said...

@Prakashbc JNSAR is short from Dec 12 and continues to remain short.....

Try using the Day JNSAR for the same day and next day's JNSAR only for the next day....:):)

dharmu mishra said...

respected shriram sir
how this fall to be seen in wave counting sir

shriram said...

@ Dharmu:

Master has said waise, pref. label 6130-6263 NS may be done as a ABC ZZ & now new 5 wave down ruffly 290 pts may open

Bullish Alt: if 6130 is protected... then may be can relook the rise & fall as a W1,w2 (low prob as of now, seems)

Chetna Jethi said...

sir, the hurriedness and furiousness it shows,,,votes it down for big 3rd down after a corrective abc for 6415-6130 done???

anand said...
This comment has been removed by the author.
dharmu mishra said...

respected shreeram sir
great sir
thanks for making the situation clear

mayank said...

After a big surprise by RBI , banknifty closing below BNJNSAR and nifty closing below same day as well as next day JNSAR in what is assumed as an uptrending market was telling something is cooking .

Thanks to master and JNSAR , we are on the right side .

prakashbkc said...

Dear sometimesbullsometimesbear,

In Master morning table it is shown down also, earlier master says after 3 pm consider tommo DayJNSAR this reason I told. I also acted on it

sometimesbullsometimesbear said...

@nakshatra ...."Never hesitate to reverse your position----Ilango"

Surprise > Fear > Hesitation.......Ultimately leads to confusion. :):)

Use the 20 pt filter for the next two trades after reversing. It helps..:):)
Use Naked JNSAR for the third trade after reversing.
This is applicable for the same day or any subsequent day whichever is first.

Ilango said...

TT turns fully red in Hour.

Though opened above 6248, weekly pivot, it failed to hold.

Now it even breached 6157, 80% of last rise from 6130 to 6264.

There is larger T/F negative divergence would assert.

Refer Stock wealth

shriram said...

@ anand:

No, my proposed alt. count was Impulsive 5... and its lookin v low prob the way price has reacted today.

Master's ZZ play looks more hi-prob easily right now

sometimesbullsometimesbear said...

@ Prakashbkc Ilango is right....the only thing is if u r using that strategy then consistently use it every day...nothing wrong in doing that....:):):)..

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