Monday, May 26, 2014

Nifty Pre-Market View.

FII's have resumed NET Buying in the run up to the swearing-in-ceremony, another sentiment driving event after the "Election results day".
Prices continue to close above all key averages.
Green "iii" taking precedence over the rest & the direction is strongly "up".
Holding above 7331-41, uptrend continues towards the two highs made after the top(7414-15), above which is the 80% @7477 and then to newer highs....
The strategy that has worked well with low risk-high reward ratio is "Initiating a trade at 50%-61.8% retrace with 80% as SL".
On Friday too such trade points emerged, the last rise(from 7260 to 7365) has held its "key retrace at 7300-13".(Held at 7301 and rose to 7381)
Hence, Holding above "7331-41" is stated above considering key hour lows..
Next rise may have started from 7331...

18 comments:

Prabhanshu Raman said...

GM Sir and Friends,
Chart Analysis - Tisco, RCOM, NIFTY, Wipro, Unitech: Click Here

marina s rao said...

GM Master & Blogmates.

Wish all Peace & Prosperity.

Guru Krishnan said...

Very Good Morning Master and friends.. have a great day ahead!!..

venkatapathy l said...

Namaste Ilango Sir and blog friends

LV

San said...

Good Morning Ilango Sir and Friends

TATA Steel Chart update: CLICK Here

D.S.SASAN said...

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

Have A Happy Day.

Num Char said...

Good Morning Sir and JN Team!

Happy Monday and Trading Day !

Kiran said...

Is Nifty going to do MI Today (+195) ?

DNSHUKLA said...

Good Mng Sir and Friends.

Prithvi Raulji said...

@Master,

Is BN Starting new Impulse ???

Num Char said...

Sir ,

What price behavior made to remove the red ''b' and 'ii' from the chart , we haven't closed above 80% though we might .
Seeing the 500 point fall on 16th , 'b' pull back will have impulse characteristics, expiry this week , heavy OI ahead at 7400 and 7500 .

Ganesh IC said...

Good morning sir & JN family

krish pm said...

@Master,

What price behavior made to remove the red ''b' and 'ii' from the chart?

shriram said...

GM Master & JN Family,

have a gr8 trading day !

shailesh said...

shriran jee any about tatasteel

shriram said...

@ Shailesh : T1: 465 was done.. T2: is 525.. follow Prabhanshu's links. He is doing a sincere job on follow-thru with TISCO

Prabhanshu Raman said...

huge addition in 74kpe around 13 lacs whereas liquidation in 74kce around 2.8lacs

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