Tuesday, May 20, 2014

Nifty Pre-Market View.

FII's continue to be buyers.
Prices continue to close above all key averages.
Red "b" and green "iii" direction "up".
Holding above 7225-32, uptrend continues towards the two lows(7352-64) made after the recent top and then, if strength remains & key retracements held, towards the two highs made after the top(7414-15).

25 comments:

San said...

Good Morning Ilango Sir and Friends

INFOSYS Death Cross and Support levels: CLICK Here

Prabhanshu Raman said...

GM Sir and Friends.
Chart Analysis - Nifty, Airtel, TECHM, Hindalco: Click Here

HCLTECH at critical support level, holding 1293.50 (on day closing basis) may see good bounce: Check Here

DLF moving in channel since Aug 13 and may test upper trend-line at 194.30. Closing above this (on daily close basis) may see move till 252 (CMP 182.30) keeping SL at 165 post break out: Check Here

NEVER GIVE UP said...

Good Morning Sir & All Friends.

venkatapathy l said...

Namaste Ilango Sir and blog friends

LV

Rasendra Zala said...

Awake,arise and act and do not stop till goal is not achieved.....Swami Vivekanad.

Good Morning to Ilango Sir and Friends.

Suraj said...

Good Morning Ilango Sir and Friends

marina s rao said...

gm master & blogmates.

wish all; peace & profit.

D.S.SASAN said...

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

Have A Happy Day.

anmpatel said...

@master
good morning
todays HA open value is 7220.7
thanks.

Ganesh IC said...

Good Morning Sir & JN Family

amber said...

Guru ji charan vandan and everyone good morning

anmpatel said...

friends
7353.65 looks to fake high?
what should be ideal high to be taken in calculation? 7318?
thanks.

Piyush Sharda said...

master 1156 cr sell in stk future 1350 cr buy in cash. a lot of buying may be hedged/for arbitrage.

anand said...

@anmpatel,
On google charts...Yes. 7317.85 is high of 1st 5 min/ 30 min bar. 7353 seems fake high...!

Magesh Waran said...

goodmorning illango sir & blogmets

amber said...

Guru ji for only intraday trades previous day which hour fibonacci retrace works better ,kindly update thnx

Suman Bhardwaj said...

sir,
your view on tata steel?

Ilango said...

Strength only above "7297-7307".

61.8% pulled back for the intraday fall from 6318 to 6262.

anmpatel said...

@anand
ek naya petipack high ban jaaye....good solution...
ha...ha..ha...ha...

Ilango said...

@ amber,

You have to identify "segments of price move" to decide on retrace. We do it using EW. Most of them are guess work when it comes to "intraday" as it is quite difficult to figure them out when intra movements are fast.

In Day, week & month charts, it is reasonably easy.

Ilango said...

@ Suman Bhardwaj ,

This market has broken out "BIG".

Use dips/ falls to enter long till negative divergences are seen in atleast Day chart or preferably in week/ month.

Every fall has been followed by "sustained buying".

marina s rao said...

Strength only above "7297-7307".

61.8% pulled back for the intraday fall from 7318 to 7262.

rock said...

sir any data commodity gold jnsar ?

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