Tuesday, February 4, 2014

Nifty Pre-Market View.

Prices are heading towards 5971 after getting resisted @ 6073-78 and breaking "6047".
There are critical averages in the zone of 5920-65. And this is the "decisive moment" whether wave 2 ends @ or near 200dsma or the correction/ fall gets deeper.
Remember, there are three "Ds"(Downtrends) are at work..Month-D; Week-D & Day-D.
Let every trade of yours have these in the back ground..

36 comments:

San said...

Good Morning Ilango Sir and Friends

NIFTY Chart analysis: CLICK Here

ITradeForProfit Daily said...

Just in case somebody has missed this,

Last week, the Month has ended with a Bearish Engulfing pattern, right into the supply zone.

The targets for this works out to near 5400 in a few months from now.

This is not a trading call at all.

Hemanth said...

Gudmrng Sir and Blogmates..have a profitable Day !!

DNSHUKLA said...

Good Mng Sir and Friends.

NEVER GIVE UP said...

Good Morning Sir & All Friends.

Yogesh said...

Illango sir, can you plz explain you have mentioned all three are in down trend Month, Week & Day but my querry is Februay JNSAR is 5937 still in positive so how the month is in downtrend ? unless it closes below it.

Ravi Pillai said...

SIR
Good Morning.
Ravi

anand said...

Good Morning Sir,
So ride the bus till its shifts the gears?..or put reverse gear with conviction!

Adrian Jose said...

Good Morning Ilango Sir and Blogmates

Prakash said...

gudmorning master and all frnds

venkatapathy l said...

Namaste Ilango Sir and blog friends

LV

Trading For Living! said...

Good Morning,
Happy Disciplined Trading!

https://skydrive.live.com/redir?resid=BE7C624779B57552!177&authkey=!AKY5kYtjhfJaQcM&ithint=file%2c.pdf

raj.abj said...

Dear ALL ,
Namasthe ....

gaurav said...

GM Sir & All
Satheesh Mam request you to pls update the daily chart for tata motors

Karthik said...

Is there merit to hope for a bounce back?
for sure, trends doesnt suggest that.. but more often than not when these gloomy days cloud markets, there will be a sudden action that gives a ray of hope and pulls all market out of blues..
i completely understand its not evident from charts yet, but any hypothesis exist for the same?

shiva said...

good morning, Sir and friends..

raghava said...

Good Morning Master, Happy Vasantha Panchami. Godess Maa Saraswathi Blessings gives to All.

Amol Sharma said...

Make or Break; In my view litmus test for bulls.

Prabhat said...

@Master: GM. Can we think of going long on nifty here with 6920 NS as SL? I think due to highle oversold nature & relentless selling due to FII, we may see some bounce (very short term) to maybe 6040 levels ...

If so, what is the level for intraday strength? Is it breach of 5971-75?

Prabhat said...

@Option experts: I am very confused - Even though nifty breached the 200 DMA (5971) we still do not see any liquidation of 6000 PE in panic. Only 20k have been liqiudated while still we have over 70+ lac huge OI. Does this convey that nifty may see some bounce above 6000 levels very soon?

Kindly reply ..

marina s rao said...

GM Master & Blogmates.

Have a profitable bearish day.

shree said...

what is inferance now???.....since last 2/3 days OI of 6000 PE were increasing.....and still 73 LK.....everybody was saying PE's are written of.....but was it naked long in this counter????

Ilango said...

Why "following" is difficult...despite bringing in the riches??

Why "predicting" is so much fun, even though it only destroys??

Last fall is from "6002"...

herry said...

DEAR SIR 5925 IS MLEMA...SO PART BOOK...?

sometimesbullsometimesbear said...

Day 8th of JNSAR short from 6292......

:):)

Have a nice day friends....Luv....:):)

Magesh Waran said...

goodmorning illango sir and blogmets

Amol Sharma said...

@ Crorepathi OH dragon fall Chinese

Kiran said...

NS 5968 - 50% of 6002 -> 6034 coincides with NF 6000.

shriram said...

GM Master & JN Family,

Have a gr8 day !

Manish said...

Goodmorning master and all friends

m.veerasamy Maruthai said...

Good Morning Sir and Blog Mates

veerasamy

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