Wednesday, January 22, 2014

Nifty Pre-Market View.

Prices got resisted at @ 80% of the last fall from 6330 to 6298.
"B - D" line has its resistances @ 6340+ and 6348 would be today's DHEma+20, also the last peak - these are critical resistances for the day. Big upsides above these.
"6294-6284" are 61.8% & 80% of last rise from 6273, also the 50% of big rise from 6243 and S2 and "6276" is 61.8% of the big rise from 6243, also JNSAR/ J10SAR for the day. Deeper correction, within the channel, below these.
More time prices spend within this channel, it becomes more relevant besides throwing up many EW forms.
Holding 6284-94 and moving past 6330 & 6348 is a simple bull view.
Staying below 6330 and break below 6276 & 6260 is a simple bear move.
Market could complicate it...which could be managed by "being here..in the NOW"..

21 comments:

Bala C said...


Good Morning, Ilango Ji

DNSHUKLA said...

Good Mng Sir and Friends.

San said...

Good Morning Ilango Sir and Friends

BANK Nifty Chart update: CLICK Here

raman said...

Being HERE in the NOW ! I love the expression. Reminds me of Krishnamurti.

venkateshspices said...

Good Morning sir & friends

vishal modi said...

good morning master i new comer in your blog and i am impressed now i am trade as per jnsar from your friday daily jnsar base i share nifty below 6247 and now i am stood as per your your eod chart sl of 6348 if am i right pls guide me and also point out any my mistake how to enter as per jnsar base trade

venkatapathy l said...

Namaste Ilango Sir and blog friends

LV

shiva said...

good morning, Sir and friends..

Manish said...

Goodmorning master and all friends,

Nifty may open gap down and create a Gap in the Open.If unable to fill the Gap there is possibility of moving south...

Prakash said...

gudmorning master and all frnds

Hemanth said...

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

Manish said...

Nifty has not filled the Gap of Open.Nifty future Open and High is same at 6329.

Shiv Kumar P P said...

Good Morning Master & Friends !!!

herry said...

dear sir nifty 34hsma,21hsma,hjnsar below and holding 6284...can riseing move countinu..?

shriram said...

GM Master & JN Family,

have a gr8 trading day !

Ilango said...

@ herry,

If anyone can answer that, HE would be GOD.

We make plans based on signals, technical set ups and effect the trades based on certain probabilities.

If you have taken the trade @ the "support zone", you manage them with "trailing SL" while part booking for "intraday gains".

deepak b said...

Good Morning Sir & Friends.....

gaurav said...

Good morning Sir & All

Magesh Waran said...

good morning illango sir & blog mets

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