Tuesday, January 21, 2014

Nifty Pre-Market View.

Nifty with a downward bias moved down from resistances "6268-83" towards the LEma 6244 and finding supports, moved towards resistances "6311".
For today, it has upward bias and is likely to move towards the channel resistances around 6327, also 80%.
If moves past it, it would attempt previous highs of 6348-58 and higher too. Holding pivots at 6266-85 is essential for such an upmove.
If unable to moves past "6327" and breaks below day/ week pivots, it could head lower to retest the cluster zone of 6222-25.
"Multitude of possibilities" alerts to stay neutral to labeling of ST price behaviour within the channel.

29 comments:

Bala C said...


Good Morning, Ilango Ji

San said...

Good Morning Ilango Sir and Friends

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venkateshspices said...

Good Morning sir & friends

venkatapathy l said...

Namaste Ilango Sir and blog friends

LV

Ashof Michael said...

Good morning Sir.
"Multitude of possibilities" is a very scary statement!!

Hemanth said...

Gudmrng Sir and Blogmates..Have a Profitable day !!

DNSHUKLA said...

Good Mng Sir and Friends.

Prakash said...

Gudmorning master and all frnds

NEVER GIVE UP said...

Good Morning Sir & All Friends.

shiva said...

good morning, Sir and friends..

shavin555 said...

Good Morning Sir and Friends,
Yesterday in the TT it is trending mood. Today it is
in trading mood. What is the reason for this change.

Ilango said...

6273.3 - 6287.05=i
6287.05-6276.25-6289-6279.6=ii
6279.6-6292.65=(i)
6292.65-6281.65-(ii)
6281.65-6306.80=(iii)
6306.8-6300.05-6307.25-6301.25=(iv)
6301.25-6321.55=iii
6321.55-6304.5-6321.7-xxxx=iv
xxxx - xxxx = v

Then a correction for 6273.3 - xxxx(v).

amber said...

Sir ILango ji charan vandan and everyone good morning

anmpatel said...

@master and friends
We need power of 3rd wave...to clear all resistance and HEMAS....

Piyush Sharda said...

sir,
requesting more 1 min labelling in future like u did today.

Shiv Kumar P P said...

Good Morning Master & Friends !!!

anand said...

Good Morning Sir
Holdign 6310, some hope ot clearing 1st resistance zone? or again we see the see-saw between LEMA and HEMA !!

dharmu mishra said...

respected llango sir
thanks for inside clarity of wave count

Ilango said...

6301 6294 ... is 50%-61.8% retrace of the last rise from …… 6273 to 6329

80% is - 6284

If strength to return again, it should be around 6301 6294

Weakness gets confirmed Below 6294 OR 6284

vishal modi said...

now i hold my short postion as per jnsar broke below nifty 6247 below short till nifty cross 6329

anand said...

@anmpatel
3rd ko jagao...! You are the expert on it !! And Shriram ji ka power bhi lagega!!

shriram said...

GM Master & JN Family,

Have a gr8 trading day !

Social Media Earthworm said...

@Vishal as per JNSAR , you should be holding long .. not short ... yesterday when the cross over happened @ JNSAR +20, one should have moved from short to long . What ever direction the market moves ...move as per JNSAR .. one might get whipsawed sometimes .. however one can catch the "BIG" moves

jvr said...

Good Morning MAster and Friends

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