Wednesday, May 14, 2014

Nifty Pre-Market View.

We identified the 5 waves unfolding and alerted to the possibility of a correction more than the hour kind.
Last night, we suggested the importance of 6931, a 3.36% from 7172, below which a larger correction or a reversal possibility.
One should maintain silence and listen to what the market is telling during this 3rd wave journey; thus far, we listened quite well. Let us just stay focused.
Take those small trades in intra in the direction of the trend as the "trend in force is a great force to be friend with"..
Only when a new signal emerges, should we change our course of action.
Keep your eyes on FII inflows.


25 comments:

marina s rao said...

GM Master & Blogmates.

Wish all Peace & Profit.

Nilesh Patil said...

Good Morning Master & Friends

DNSHUKLA said...

Good Mng Sir and Friends.

venkatapathy l said...

Namaste Ilango Sir and blog friends

LV

Magesh Waran said...

goodmorning illango sir & blogmets

gauresh59 said...

Namasthe ilango sir and friends,

Today’s is Buddha Purnima..............

“Don’t dwell in the past,
Don’t dream of the future,
Concentrate the mind on Present Moment”

~Buddha


The full moon of human consciousness has to rise again and again. Gautam Buddha attained to his fullness on this day. May this be an inspiration and possibility for every one of you who seeks this fullness.

Hemanth said...

Gudmrng Sir..What are the likely targets of this 3 wave upmove..

POWERTRADE said...

Good Morning sir and warriors

Ilango said...

@ Hemanth,

There is a 3rd wave unfolding; within which the sub-wave 1 may have been done with a 533 points rise and the 2nd wave correction is on, the shape, time & form is not known yet.

We have kept 6931 as the first warning sign.

For the fall from 6172 to 6078, an abc(3) wave is unfolding upwards(6125-36res and invalidation above 6155) after which another fall would unfold to complete "one part of the correction to be followed by another corrective upmove and then another corrective down and then a sharp rise.

There could be a few changes if market decides to change course...

rj said...

gm ilango sir please accept n bless nifty number 7100 & correct in your comments.......

A J said...

FNO ticks are not updating in Sharekhan TT? Any guesses what could be the reason?

shriram said...

GM Master & JN Family,

@ Chetna: TISCO flirting wid ur i-HnS NL again ;-)

Have a gr8 trade day !

deepak pinto said...

Treacherous b wave in play

anand said...

Good Morning Sir
Thanks for this Road Map for Correctives....Let’s hope we don’t get caught in intraday whips / correctives.
It seems like a flat - as expected in strong trends.
Thanks again

Ilango said...

Corrected numbers:
================
@ Hemanth,

There is a 3rd wave unfolding; within which the sub-wave 1 may have been done with a 533 points rise and the 2nd wave correction is on, the shape, time & form is not known yet.

We have kept 6931 as the first warning sign.

For the fall from 7172 to 7078, an abc(3) wave is unfolding upwards(7125-36 res and invalidation above 7155) after which another fall would unfold to complete "one part of the correction to be followed by another corrective upmove and then another corrective down and then a sharp rise.

There could be a few changes if market decides to change course...

shriram said...

saala, agar aise raha to apun ko 1-2 saal baad, yeich market 9K ke upaar dikh re la hein bhidu log,

ekdam malaai maar-ke :-Ppppp

amber said...

Guru ji charan vandan and everyone good morning

Prabhanshu Raman said...

I believe all stocks are following nifty correction in ABC, where B in unfolding including tisco. 80% is 437.50, if at all it reaches good point to short with yday highs as SL
Nifty - seems another high is pending to complete B near 7149 to complete 5 from today's low as c of (c) of B. this view will negasted of price breaches 7116.60/7116.10

Prabhanshu Raman said...

Sir, B done at 7142.25?

keniya said...

DEAR SIR,

which are the crossover you are using for momentum of stock ??? for Intra OR Daily
T/F

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