Friday, January 24, 2014

Nifty Pre-Market View.

End of the week is here; WHEma + 40 @ 6331-6371 is the resistance for the week and prices have been getting resisted in that zone for 3 out of 4 days of this week so far.
"6324-31"(5DEma) is 80% & 61.8% of last rise from 6316 to 6356.
"6300-6286"(DLEma, JNSAR) is 50% & 61.8% of the last significant rise of the current week from 6243-6356.
"6326" is quite relevant again being the last day of the week and a close above it will signal the return of upward momentum to week T/F. Closing below it will keep the "writers" happy going into the last week of the settlement.
TA: Day & Hour are at OB zone with -ve div developing in Hour T/F, would be confirmed with prices falling below 34 Hr sma.
EW: Multiple ST scenarios; best to allow it to resolve itself to pick one.
Due to "eventful days" ahead, the current ST trend has been stretched to accommodate the dates.

26 comments:

deepak b said...

Good Morning Sir & Friends......

kat said...

Good morning Ilango sir and all the Blog mates!

DNSHUKLA said...

Good Mng Sir and Friends.

venkateshspices said...

Good Morning sir & friends

venkatapathy l said...

Namaste Ilango Sir and bog friends

LV

Vasantrao Pawar said...

Illigo sir, where can I get the jasar link for stocks. In this blog few people mentioned about it. I an new in this group.

NEVER GIVE UP said...

Good Morning Sir & All Friends.

vk said...

Namaste Guruji

Kiran said...

@ Vasantrao Pawar,
Please check http://wealthinnifty.blogspot.in/
It has JNSAR for BankNifty + Nifty 50 stocks.

D.S.SASAN said...

Good Morning Sir, Dear Bros. & Sis's.

Hemanth said...

Gud Mrng Sir and Blogmates....Have a Profitable day :)

mynac said...

As part of the up-moving trend of the market,there was a HVT @ 6343.15 of 64 lac yesterday @ 1.30 PM.
In latter trading hrs.then,though Nifty managed to close hardly above that HVT,it couldn't cross more than 15 points up to 3.30 PM.
So trading below that HVT today, probably, would be first sign of weakness.Let us see....Bye....

Prakash said...

gudmornig master and all frnds

shiva said...

good morning, Sir and friends..

shankerlal0007 said...

GOOD MORNING ALL OF YOU

Magesh Waran said...

goodmorning illango sir & blog mets

Sudhakar said...

vasant

Click Stock Wealth link in My other blog list. It is at right side of above Nifty hour chart.

satheesh said...

Tatamotors has punched a low of 375.9 :( - chances of v th wave gone !!!

amber said...

Sir ILango ji charan vandan and everyone good morning

Amol Sharma said...

In my view, as per open interest; there is more probability that nifty may expires below 6300.

ITradeForProfit Daily said...

Monitoring last fall from 6356 to 6295.

6333 0.62%
6344 0.80%

Hemanth said...

Perfect setup for Bears......Will they Come back?
Bulls not able to encash the breakout....
Day and hour appraoching overbought...
Jinsar@6292.
Currently trading below 5DEMA..
More over last day of the week...can week trend show its strength....

Waiting eagerly...

ITradeForProfit Daily said...

Monitoring last rise from 6295 to 6331

6313 0.50%
6309 0.32%

6302 0.20%

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