Friday, May 16, 2014

Nifty Pre-Market View.

Strong money just had the exit polls, not the actual results.
No one knows how the result would be.
Based on the sentiments, the general results are being anticipated but the actual numbers have the tendency to impact the market in two ways:
A relief that Modi managed it...with a rise and part booking..gently.(Not so spectacular)
An euphoria that Modi magic unfolds...with an upper freeze.(Spectacular)
And this is reflected in two EW scenarios shown.(third scenario not considered yet)
By the time market opens, some clues would be there.
If prices complete the (v)th wave(red), I have tentatively given 150+ but it could be any number..
If prices have completed (ii)nd in green, the rise should be more than 533 points..
If unexpected happens, keep either 7078 or 7067 to manage...& reverse..

71 comments:

cooldent said...

Goodmorning Sir

Still not used to 7? :)

atain said...

GM...7078 and 7067...thanks

Guru Krishnan said...

Very Good Morning Master and friends.. have a great day....Hopefully new start to India too :) lets hope for the best!!

Nilesh Patil said...

Good Morning Master & Friends

Suraj said...

Good Morning Ilango Sir and Friends

Looking forward to the starting of a new era for Indians.

D.S.SASAN said...

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

Have A HAPPIEST DAY (with lowest trading).

A J said...

Keep your eyes on trading screen rather than on TV. Data across channels is different.

Stay focused on charts and levels. Good luck to all :)

Manish said...

Goodmorning master and all friends,

SGX reverses in last one minute from -40 to +66.Jai Ho !!!

Yash and Dhan said...

Good morning Sir and dear blog-mates.
Have a happy trading election day.
Nifty going crazy but not because of Modi wave.
In this election frenzy no body realized United Spirits has entered nifty.
Jhoomne ki asli reason toh yeh hai, election toh bahana hai.
:)




cooldent said...

Sir

JNSAR not updated in table

venkatapathy l said...

Namaste Ilango Sir and blog friends

LV

anand said...

Good Morning !
Results from Election Commision here :

http://eciresults.nic.in

anand said...

and its already started pouring in...!

GANESH said...

GM ... Sir ... and all Blog mates ...
Thanks for the Pre-Market view...

Ganesh IC said...

Good Morning Sir & JN Family

Raghavendra said...

Dear Ilango sir,

On a lighter note :

Not fair.. I hoped in 20 years from now - i can be 50% like you - but with this morning pre-market notes you moved it out to 30 years.

Rasendra Zala said...

Good Morning to Ilango Sir and Friends.

Crorepathi said...

Good Morning
Watch History In Making

caution: Pregnant ladies, children and faint heart do not even watch market.

POWERTRADE said...

Good Morning Sir and Warriors

Dear Sir --- After the exit poll looks like has factored market the Possibility and today a non event day ???

Prabhanshu Raman said...

GM Sir and Friends...

Expecting good gap up today.out of 278 - 157 NDA lead

NEVER GIVE UP said...

Good Morning Sir & All Friends.

prakashbkc said...

GM Master,

How do we know nifty is in red v or green iii ?

anand said...

Market met with Master's First Target at open itself! On Dot ...Again ..as usual !
Jai ho !!

Prabhanshu Raman said...

Opened at red (i) at 7270.... Sir who missed this, what they can do now?

anand said...

@Raghavendra,
You are lucky man-- only 30 years !! ;-)... I have not started counting even.. :-)

Ilango said...

Remember, if the (iii)rd green unfolds, it could have its minor (ii)nd wave till clear majority is seen.

Hence, keep the retrace from 7083 handy.

gauresh59 said...

Namasthe ilango sir and friends,

Jay Hanuman gyan gun sagar.............
Its Hanuman jump.......

Jai...............Ho..........!!!!!!!..................

Ilango said...

On its way to UF...

Ilango said...

Thank you...Ralph.N.Elliott.

sometimesbullsometimesbear said...

@Relief.....Euphoria ....or Third Scenario....

Simple snapshot ....yet loaded......:):)

Great analysis as always......:):)..Lovely....:):)

Ilango said...

Largest decline was "1.31% from the high" which comes at 7336.

POWERTRADE said...

Its Ameeeeeeeeeen Sir :)

Ilango said...

CE writers should start to panic..???

Prabha Gopalkrishna said...

Simply awesome master..

sometimesbullsometimesbear said...

Its the second scenario......Euphoria......

Hahahahahahaaaaaaaaaaaaaaaaaaaaaaaaaaaaa
Hahahahahahhaahahahha
Hahahahahahahaahhah..

anand said...

Sir
From 7433, 100 pts dip ~38% retrace (7083-7433) coes at 7300 - so a correction (minor) is also done for the 3rd orf 3rd of...?

Umang said...

Ilango... I have just one word for you...GENIUS...........

anmpatel said...

option premium reduced....b/o vix collapsed to -33%

Hitendra said...

What is upper freeze?

Hitendra said...

BN - 1000 points in a day for the first time?

shriram said...

GM Master & JN Family,

My luck has changed ever since i stumbled upon JN & Master Illango.. feelin blessed :-)

have a gr8 trade day !

amber said...

Guru ji charan vandan and everyone good morning

Rajaram'z said...

7857.45 is the Upper circuit in NF.

POWERTRADE said...

Time to do some window shopping in options now :)

sometimesbullsometimesbear said...

Mission 272 plus done....:):)

Have a good laugh friends......:):)

Hahahahahahahahahaahahahhahhahahah :)

Best Nifty said...

Sir any part booking level ...please

POWERTRADE said...

Boss - Booking kab karna hai

Micahel - har level tumhara hai aaj kahi bhi booking karlo --- par part booking

Hitendra said...

PT- what is a good option trade now?

Ilango said...

An irregular correction during intraday has "more bullish undertones", provided 7325, approx is held..

NK said...

Hello Sir,

My sincere gratitude for introducing us to the world of Elliott Waves.

Thanx Ralph N Elliott for helping us understand the human and market psyche.

Sir this Doha from Sant Kabir is for you

Guru gobind dou khade,
kaake lagoon paay
Balihari guru aapne
gobind diyo batay

Thank you sir.

NK

Social Media Earthworm said...
This comment has been removed by the author.
shriram said...

hahhaha .. Master, today is really a Lungi Dance day :-)))))))

anand said...

Master
On a lighter side :
You are able to label the sub waves ? So its not 3 or 3 yet !

Kiran said...

No sellers in some Fut scripts.

Ilango said...

@ anand,

I attempted an "irregular correction" but undertone is still stronger; hence, as stated earlier, let us not attempt to label this; this is "fast lane"; just keep to the trend.

Take your own trailing number to protect profits.

Chetna Jethi said...

Good mornign, sir!

MANY MANY CONGRATULATIONS, everyone!

Money minted... Loving the feel

Hemanth said...

Thanks Illango Sir for all your inputs....:)

Ilango said...

http://eciresults.nic.in/PartyWiseResult.htm

BJP leads in 212 compared to Cong's 36 out of 384 being counted..

anand said...

Master
Target of 3rd is done? or an extended target to be calculated ?

anmpatel said...

BANKNIFTY BUYERS CIRCUIT.....

anand said...

Economictimes.com dash board covers a recent update...near 300 leading in NDA, UPA still <100
USD at 58.7!!
Now Mr Rajan is again worried?

anmpatel said...

NEXT BANKNIFTY CIRCUIT 16700.....

shriram said...

@ anand: 1.618xi gives 7871 Ns

Crorepathi said...

Ilango and Modi single handedly transformed people's life!

यदा यदा हि धर्मस्य ग्लानिर्भवति भारत ।
अभ्युत्थानमधर्मस्य तदात्मानं सृजाम्यहम् ॥४-७॥

परित्राणाय साधूनां विनाशाय च दुष्कृताम् ।
धर्मसंस्थापनार्थाय सम्भवामि युगे युगे ॥४-८॥

Prabhanshu Raman said...

7464 is the 1.31% from days high 7563

anand said...

Jai Shriram,
And that's above the Upper Circuit limti for NF (Including premium) for today at 7857. so not reachign there today..!

sometimesbullsometimesbear said...

Hahahahahahahaahhahahahhahahhaaahhha....:):)

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