Friday, January 3, 2014

Nifty Pre-Market View.

Stated earlier: Staying below 6343-58, correction towards critical supp.@-6212-37. Nifty reached 6211.
Fall continues below these.
Another critical support is "6176", 80% & Wk.JNSAR, thereafter the cluster @ 6130-46-51.
Critical resistances would be WEma(6238) & DLEma(Presently 6256, but would come down as new lows made today).
EW: Two options unfolding.
1. A correction for the rise from 5119 to 6343 with an irreg. Flat targeting 5970 & a bit lower.
2. A Major correction of monthly scale...("a" being 6339-4531; "b" being 4531-6415; "c" starting...)

37 comments:

DNSHUKLA said...

Good Mng Sir and Friends.

Magesh Waran said...

goodmorning illango sir & blogmets

NEVER GIVE UP said...

Good Morning 'Sir & All Friends.

Nilesh Patil said...

Good Morning Master & Friends

Arif said...

Ilango ji,
Good Morning...

vishal modi said...

good morning sir & all friends

Kiran said...

I was about to ask this question "Is long term 'B' over now ? and start of 'C' down ?"
Got the answer in Pre-market itself.

venkateshspices said...

Good Morning sir & friends

vk said...

Namaste Guruji.

venkatapathy l said...

Namaste Ilango Sir and blog friends

LV

Parminder said...

Master ilango and friends,
Good morning to all
Regards

vinayak gangule said...
This comment has been removed by the author.
m.veerasamy Maruthai said...

Good Morning Sir and Blog Mates

veerasamy

Trading For Living! said...

Happy Disciplined Trading!!!

https://skydrive.live.com/redir?resid=BE7C624779B57552!154&authkey=!ANpG8D6kWL5S3y4&ithint=file%2c.pdf

shiva said...

good morning, Sir and friends..

Hemanth said...

Gud mrng Sir and Blogmates....Have a profitable Day :)

anand said...

Good Morning Sir !
I always wonder how you identify certain levels so precisely but with yoru explanations and reasons...our blind eyes start to open! Hope one day we shall be able to see and not waste your precious guidance.
Opening below 6200-> weakness to prevail !

Shiv Kumar P P said...

Good Morning Master & Friends !!!

Prithvi Raulji said...

@Master,

In a Pre market sheet / Entry level in day u had mentioned hold long,why it is??

Please

Ilango said...

6346 to 6179, a 5- waves done; 6415 to 6179, a 3- waves done.

cooldent said...

Sir, The hour chart of BN is day before yesterdays

amber said...

Sir ILango ji charan vandan and everyone good morning

Ilango said...

@ Prithvi Raulji,

Entry Level / Date

"Hold buy" as long as the trend is "UP";
Exit Longs" if trend turns "DOWN"/(Red).

What is your understanding of this "general" statement?

What have you understood from various "specific" comments made in the last few "trading Hours"...?

If you "desire" to get misled, oh!..there are many, many ways to do that.
But if you "desire" to get guided, you must "also" remain objective.

D.S.SASAN said...

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

Ilango said...

BN Chart Updated. Thank you, Cooldent.

Prabhat said...

@Sanjay sir: OI update please ... Looks like bears have protected 6500 on the upside, but seems like bulls have kept the ground open ... not much OI increase in any of puts from 6000-6300.

gaurav said...

Gm sir & all satheesh mam please update on tata motors

Raman Kapoor said...

Dear Sir, Gud Morning
With reference to your above comment regarding 5 and 3 waves completing at 6179: Should we expect an abc now before further fall

Prakash said...

gudmorning master and all frnds

Chandiok said...

Good Morning Sir,
Could you please explain "6415 to 6179, a 3- waves done." & the implications
I am missing something did not understand...Sorry
Thank you for being there!

Ilango said...

@ Raman Kapoor,

Yes.

The 2nd wave took almost 2-3 hours; hence, the 4th could take as many or more. If no new lows made in 3-4 hours, let us relabel the fall as a 5-wave one.

herry said...

dear sir morning said below 6211 doun ....?

Ilango said...

@ Chandiok,

The fall could be of abc-x-abc or more of it;
OR
of 12345-abc-12345-abc-12345.

The present price form shows an 'abc" or"123" done; hence, next could be an "x" or 4 followed by an "abc" or a "5".

Keeping track of "price forms" in this manner, we could have a correct labeling which would help in managing one's trades.

Manoj Murthy said...

Good Morning Master and all seniors,friends .......

vishal modi said...

resp illango sir i hv short @ 6205 spot base (nf 6236) so which sl as per you daily jnsar

Chandiok said...

Thank you sir, understood...however you mentioned 6415-6179, seems like i am still missing the point. could you please explain the count. sorry to bother you.

Post a Comment