Monday, January 20, 2014

Nifty Pre-Market View.

Prices are "consolidating" within a descending triangle with its boundaries marked for the day @ 6333 & 6162 with a downward bias based on Day & Hour TA.
Minor support at an earlier cluster zone of 6222-25, also WEma, below which there are multitude of supports in the region of 6189-6198.
Break down would be below 6140.
Break out would be above 6312.
Immediate resistances are the pivots-6268-83.
The critical factor to look for in this week from a bull's view point is to see how this correction of descending triangle ends with technicals looking up in the later part of the week.
The critical factor to look for in this week from a bear's view point is to see how this correction of descending triangle breaks down owing to the weak ST(Day) technicals before they reach oversold zone in the later part of the week.

24 comments:

San said...


Good Morning Ilango Sir and Friends

NIFTY Chart analysis: CLICK Here

DNSHUKLA said...

Good Mng Sir and Friends.

venkatapathy l said...

Namaste Ilango Sir and blog friends

LV

m.veerasamy Maruthai said...

Good Morning Sir and Blog Mates

veerasamy

NEVER GIVE UP said...

Good Morning Sir & All Friends.

vishal modi said...

good morning master and all friends

Karthik said...

GM team.. Is there any chance with holding 6350 CE @ 45?

Prabhat said...

@Karthik: The only hope you can have is RBI news (mostly on 28th I guess) If RBI retains the rates, then i "guess" it might spike above 6300 which might give you some chance... But by then there would have been sufficient decay.

Take your own wise decision .. in case 6298 breaks, then you may hedge with shorts.

Shiv Kumar P P said...

Good Morning Master & Friends !!!

Karthik said...

Thanks Prabhat.
Time decay is the spoil sport here and i guess there is no good news to lift up before Jan 28. Looking @ screen for ur suggested levels..

Prakash said...

Gudmorning master and all frnds

shiva said...

good morning, Sir and friends..

anand said...

Good Morning Sir,
If Friday 1-2-3 or a-b-c continues shall we see range breaking downside ?

SKS said...

Day JNSAR Trigerred

sudharsan said...

Good Morning Master and Friends.... Jnsar hit sell

deepak b said...

Good morning Sir & friends.....

vk said...

Namaste Guruji.

Trading For Living! said...

Good Morning,

Daily Nifty Report:-

https://skydrive.live.com/redir?resid=BE7C624779B57552!166&authkey=!AEhA6NPIDVbOgYc&ithint=file%2c.pdf

amber said...

Sir ILango ji charan vandan and everyone good morning

Manish said...

Goodmorning master and all friends,

have a profitable day...

shriram said...

GM Master & JN family,

have a gr8 trading day !

vishal modi said...

AS PER JNSAR ON DT.17/01/2014 NIFTY BROKE 6247 LEVEL I SHORT IT POSITION NIFTY NOW WHICH LEVEL TO PUT STOP LOSS MASTER?

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