Friday, January 10, 2014

Nifty Pre-Market View.

"Sell on rises" have continued during the last 9 days(since prices closed below DHEma) and almost everyday(except 1 day) the prices have closed near the day's low.
Day pivot-6168 coincides with Hr.JNSAR & 21 Hr sma, above which the 34 Hr Sma @ 6178.
Highly oversold ST TA induced a bounce yesterday "Holding 6159". It would continue within the trading range of 6160-6225. More strength above "it".
Weekly trend, being down, the sustainabilty must be monitored using "fibo numbers".

27 comments:

Shiv Kumar P P said...

Good Morning Master & Friends !!! Have profitable day...

venkatapathy l said...

Namaste Ilango Sir and blog friends

LV

venkateshspices said...

Good Morning sir & friends

shiva said...

good morning, Sir and friends..

Prasad said...

GM Sir and blogmates.
Thanks,Sanjay Sir for the information shared.

anand said...

Good Morning Sir

So first resistance itself not crossed at open - 6179 ! So again a play for the day.
INFY open only 1% up - Low volatility.. Options buyers remain at loss?
BN Flat..
Have a great day to everyone !

Prakash said...

gudmorning master and all frnds

NEVER GIVE UP said...

Good Morning Sir & All Friends.

Prabhat said...

Good morning Master.

@Forum: Any idea what time infy results will be out?

Trading For Living! said...

Happy Disciplined Trading!!

https://skydrive.live.com/redir?resid=BE7C624779B57552!159&authkey=!ABVW4ZeGoKofTiI&ithint=file%2c.pdf

Ilango said...

One could continue the "Sell on Rises" with 6192 as SL.

DNSHUKLA said...

Good Mng Sir and Friends.

Adrian Jose said...

Good Morning Ilango Sir and Blogmates

anand said...

Previous lows breached...in 5 minutes ! Long Black/Blue Candle. Sell on Rises remain..
Again System wins !! Thanks to Master and others who have developed strong faith in system based trades...and help learners do that as well.!!

Prabhat said...

6150 not breaking... prices should remain below it for atleast 5 mins for more downfall...Hoping & hoping as to when 6130 will be broken which will next attempt 6070. Higher side I am keeing strict watch on day pivot first & then 6184.

satheesh said...

@ prabhat,

Infy results are out - http://www.moneycontrol.com/news/local-markets/bse-sensex-nifty-flat-infosys-rises-2-post-q3-results_1022246.html?topnews=1

Raghavendra said...

Dear All,

Rise from 6130 to 6358 took 10 days + 2, 30 min candles. Fall from 6358 to 6145 has taken close to 6 days. Lower low below 6130 in next 4 days - will confirm the faster retracement.

M. said...

Hello, anybody facing problems with the icicidirect website?

ITradeForProfit Daily said...

@m

Yes icicidirect not accepting any orders on Nifty futures at present. Hence opened trade in ventura for the day.

M. said...

Thank you sir for quick reply

amber said...

Sir ILango ji charan vandan and everyone good morning

kat said...

Good morning Ilango Sir and all the Blog mates!

Ilango said...

Prices bouncing off "Pre-Market"s" support zone of 6130-41. Hence,
----------------------------------------------------------------------------------
6160 6164 ... is 50%-61.8% retrace of the last fall from …… 6179 to 6140

80% is - 6171

If weakness is to return, it should be around 6160 6164

Strength gets confirmed above 6164 OR 6171

Prabhat said...

@Master: NS maintaining aboe 6164 for 5 mins now. Can we go for a long with 6150 SL & tgt of 6188-94?

BALA said...

As usual Infosis gives the market "direction"

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