Friday, June 13, 2014

Nifty Pre-Market View.

FII's are net buying consistently during this month except a day.
Prices, in the short term, have closed above two key ST averages.
"Impulsive 3rd wave" seems to be underway with minor corrections within a channel;
The ST direction is "UP" till prices continue to close above these two key averages(21 or 34 hr smas). Aggressively Holding above 7630, Conservatively Holding above 7609 uptrend continues....
The strategy that has worked consistently well with low risk-high reward ratio is "Initiating a trade at 50%-61.8% retrace with 80% as SL". Adapt to it. 
7622-30 & 7610 are two key supports
and
7678-83 & 7715 are two key resistances today.


21 comments:

San said...

Good Morning Ilango Sir and Friends

Infosys Chart analysis: CLICK Here

marina s rao said...

GM Master & Blogmates.

Wish All peace, health & wealth.

Prabhanshu Raman said...

GM Sir and Friends
Today many key numbers are between 7620-7636 => 5dema, hrjnsar, 21/34hrsma, day pivot and 61.8/80% of last rise.

Prabhanshu Raman said...

@ Marina S Rao, you doing great job of posting your views daily but how to use them, this is not clear yet. If you can elaborate it in your free time, would be great.

J.R.Julius said...

Good Morning Sir & Blog-Mates,
Have a Happy & Prosperous Day. ♥
-
Cámáríllá Key Levels - Nifty Spot
H4@7685 ↑
H3@7668 ↓
L3@7632 ↑
L4@7615 ↓

venkatapathy l said...

Namaste Ilango Sir and blog friends

LV

Sunil Minz said...

llango sir you have marked 7216 as A which time frame if it is A then B should be corrective i mean not an impulse zigzag type isn't it sir

amber said...

Guru ji charan vandan and everyone good morning

anmpatel said...

Good morning Master and friends,
after forming small doji yesterday today's HA level is 7630.6
all the best.

Ilango said...

Bullish:
7646 7638 ... is 50%-61.8% retrace of the last rise from …… 7613 to 7679

80% is - 7626

If strength to return again, it should be around 7646 7638

Weakness gets confirmed Below 7638 OR 7626

DNSHUKLA said...

Good Mng Sir and Friends.

sometimesbullsometimesbear said...

@Ilangoji said ...Hour T/F is generating noise......Cool....:):)

Let see if week trend asserts itself today......It should....:):)

Ganesh IC said...

Good Morning Sir & JN Family

shriram said...

GM Master & JN Family,

Have a gr8 trading day!

Guru Krishnan said...

Very Good Morning Master and Friends.. strong support seen @7643 region... lets c how it works...

Rajesh Rekhani said...

Bhel correction looks complete if manages to stay above 251.

deepak pinto said...

Looking at the short cov consolidation range target is 7730

Share & Be Sure said...
This comment has been removed by the author.

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