Friday, January 31, 2014

Nifty Pre-Market View.

Prices seem to have done a 5 from 6170.
Prices also seem to have done a 5 from 6356 as long as 6015 is held.
Initially, look at the bounce/ retrace for 6170 to 6027 while holding "6047".
The critical number that would suggest a larger retrace would be 80% @ 6141.
Prices came close to the gap @ 6086.
Gap zone of 6086-6110 is the resistances.
The ST bounce was supported by Hour TA with +ve div but not the day TA.
Day TA would support only if prices are able to close above DLEma, the new one for the day..
Simultaneously, there will be two new signals emerging from week & month today - 6137 & 6100.
In sum, holding 6047, bounce continues into the res. zone of 6086-6110.
What the market does beyond this would be new information for the "followers" to take their cues..

18 comments:

DNSHUKLA said...

Good Mng Sir and Friends.

venkateshspices said...

Good Morning sir & friends

venkatapathy l said...

Namaste Ilango Sir and blog friends

LV

San said...

Good Morning Ilango Sir and Friends

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NEVER GIVE UP said...

Good Morning Sir & All Friends.

Hemanth said...

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

Raghavendra said...

Good morning Ilango sir,

A small question on Month trend assertion.

Last Friday's close was @6267, just 3 points away from MHEMA going into last week of the month.
At what price points / days & price action - during this week we should have considered that Month trend assertion ( HEMA ) is failing ?.

Is it the Monday's closing below WLEMA ? or any other signal ?

Raghavendra

Trading For Living! said...

Good Morning,
Happy Disciplined Trading!

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Prakash said...

gudmorning master and all frnds

shriram said...

GM Master & JN Family,

St.MnEMA @ 6100 NS, is the Guest of Honor for today's proceedings. Will bulls save it, lets c :-)

Have a gr8 day !

deepak b said...

Good Morning Sir & Friends......

Amol Sharma said...

Good Morning All. Last day of week after long time nice down move. what next ? 6000 PE highest OI so.......

shiva said...

good morning, Sir and friends..

D.S.SASAN said...

Good Morning Sir, Bros. & Sis's.

Have a good day.

m.veerasamy Maruthai said...

Good Morning Sir and Blog Mates

veerasamy

DR.SGM said...

Dear sir,as per the RED label count the 2nd wave took more than 20 days.since 6140 is the low of 1st wave how do you view the possibility of RED 4th wave[the range for this red 4th seems to be 113 points] or subdivision of red 3rd is pending? thank you.

DR.SGM said...

Dear sir,as per the RED label count the 2nd wave took more than 20 days.since 6140 is the low of 1st wave how do you view the possibility of RED 4th wave[the range for this red 4th seems to be 113 points] or subdivision of red 3rd is pending? thank you

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