Tuesday, January 28, 2014

Nifty Pre-Market View.

Prices have tested the 6130-40 zone but no buying support was visible.
ST technicals are at oversold zone; if 6110-20, approx., is held, minor bounce is possible.
Yesterday's high, 6189, is critical for meaningful bounce or reversal attempt.
Yesterday's fall was accompanied by huge FII selling & sharp rise in VIX.
EW: Reduced to two possibilities.(3rd is hidden within the first)
1. Below "6287", it alerted to the deeper falls with sub-dividing waves....
"2nd" wave unfolding to a target zone of 6143-62. Decisive break of this zone would lead to "deeper correction". (It has broken below it; now, for deeper correction)
2. "2nd" wave completed @ 6356 and a 3rd wave unfolding, 1st being 6415-6130, 285 points, targeting a minimum of 6071 as equality and 5900(5955-71-200dsma) approx as 1.618 of 1st with corrective rises in between.

25 comments:

San said...

Good Morning Ilango Sir and Friends

NIFTY Chart analysis: CLICK Here

NEVER GIVE UP said...

Good Morning Sir & All Friends.

marina s rao said...

GM Master & blogmates.

Have a profitable day.

Nilesh Patil said...

Good Morning Master & Friends

venkatapathy l said...

Namaste Ilango Sir and blog friends

LV

Parminder said...

Master ilango and friends,
good morning to all
Regards

shiva said...

good morning, Sir and friends..

Nilesh Patil said...

Parminderji,
sat shri akal

Shiv Kumar P P said...

Good Morning Master & Friends !!!

Prakash said...

gudmorning master and all frnds

satheesh said...

Sir - a request - please correct me if the the counts are to be changed.

chetas said...

BN open low same at 10541.50

almost 12 ns stocks open low same and 3 stocks open high same as of now

amber said...

Sir ILango ji charan vandan and everyone good morning

D.S.SASAN said...

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

Magesh Waran said...

good morning illango sir 7 blogmets

Prabhat said...

@Master: Any minor +ve divergence spotted in hourly charts?

deepak b said...

Good Morning Sir & Friends....

farmzpro said...

Good Morning Sir & Friends, Nifty trying for an attempt towards falling hourly SAR.. let's see if it holds 6141 first..

m.veerasamy Maruthai said...

Good Morning Sir and Blog Mates

veerasamy

varun said...

Good Morning, Sir and all blogmates.

anand said...

Good Morning Sir,
upmove from 6130 seems in 3 wave till 6157 and then 3 down-> So flat correction going on? (2 min t/f)
So 6163-6183 levels for 23- 38% retrace - can be tested (6270-6130 fall)?

SAM said...

Good Morning Sir and Blogmates...

chetas said...

it was on last RBI day 18th dec, we hit 6130 ( open low)

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