Thursday, January 23, 2014

Nifty Pre-Market View.

"6325" is 80% of the last rise from 6319 to 6350, below which ST weakness sets in.
"6284 & 6264" are 61.8% & 80% of last upmove from 6243 to 6350.
The tentative break-out needs to hold above Key ST averages to gain momentum.
Markets have shown sluggish price behaviour both on upsides & downsides since the highs @ 6347 and traded in a band of "6243-6350", less than a 100 point for 5 days with a spread of 35 to 70 points a day.
If you have managed a 20 points using "whatever" study, you're a winner.
EW: In the daily chart, the "E" wave shows incompletion; hence, be prepared for the same if prices stay below 6325 intially and then 6284...

24 comments:

Bala C said...


Good Morning, Ilango Ji

kat said...

Good morning Ilango Sir and all the Blog mates!

ITradeForProfit Daily said...
This comment has been removed by the author.
DNSHUKLA said...

Good Mng Sir and Friends.

vishal modi said...

good morning master now as per today comment abt 20+ i am some time confused it simply i triger stoploss 6330 and i am working on your jnsar dailybase

venkatapathy l said...

Namaste Ilango Sir and blog friends

LV

NEVER GIVE UP said...

Good Morning Sir & All Friends.

venkateshspices said...

Good Morning sir & friends

Prakash said...

Gudmorning master and all frnds

D.S.SASAN said...

Good Morning Sir, dear Bros.& Sist's.

Parminder said...

Master ilango and friends,
good morning to all
Regards

Shiv Kumar P P said...

Good Morning Master & Friends !!!

Hemanth said...

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

shiva said...

good morning, Sir and friends..

amber said...

Sir ILango ji charan vandan and everyone good morning

shriram said...

GM Master & JN Family,

Have a gr8 day !

deepak b said...

Good Morning Sir & Friends.....

Hemanth said...

Sir Can you please throw some more light on how to confirm that tentative breakout of the channel...to a confirmed breakout..what level we should look for..

m.veerasamy Maruthai said...

Good Morning Sir and Blog Mates

veerasamy

Sonu said...

Good morning Master and All friends!

Sonu said...

@ Raghavendra Sir,
Tuesday was an NR7 day. Should we expect range expansion today? Or has it already happened?
kindly guide.

Magesh Waran said...

good morning illango sir & blog
mets

GV said...

GM Master &frnds

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