Wednesday, July 2, 2014

Nifty Pre-Market View.

FII's have been buying big after the consolidation with in the major uptrend.
Prices, in the short term, have closed above two key ST averages.
"Consolidation"completed in a bull flag, prices broke out & have paused for the next upmove;
The ST direction is "biased UP", as long as prices stay above 7595 & close above these two key averages (21 or 34 hr smas).
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.
Aggressively Holding above 7619(3-Hr low), Conservatively Holding above 7581(DEma), uptrend continues....
Minor resistances would be at the earlier high of 7669-81.

19 comments:

vksoni said...

Good morning ilango sir and blogmates

Best Nifty said...

Good morning Sir and all blogmates, in chart green (i) / (ii) is resistance / support ?.. Thanks

Nilesh Patil said...

Good Morning Master & Friends

venkatapathy l said...

Namaste Ilango Sir and fellow bloggers

LV

marina s rao said...

GM Master & Blogmates.

Wish all Long life, Health, Peace & Wealth.

Prabhanshu Raman said...

GM Sir and friends,
Nifty opened above resistance mentioned in pre market

Ganesh IC said...

Good Morning Sir & JN Family

Sonu said...

GM Master and Friends!

Preparing for new highs...

satheesh said...

Namaste Sir and all,

Diamond Pattern has given a breakout with huge volumes. This Breakout would sustain Holding 445. Below 445 - it would fall within the diamond again.
Tatamotors Daimond Pattern Breakout Chart CLICK HERE

Guru Krishnan said...

Very Good morning Master and friends have a great day ...

MID POINT for the day "now" is 7642 and PCR is 0.91 which is bullish...(Resistance seen at 7899 and Support 7386)

Prabhanshu Raman said...

Satheesh Mam, you have any tgts for this BO?

satheesh said...

@ Prabhanshu Raman,

http://thepatternsite.com/diamondt.html

Prabhanshu Raman said...

Bull flag 1st tgt comes to 7755??

Prakash said...

gudmorning master and all frnds

D.S.SASAN said...

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

Have A Happy Day.

Ilango said...

From 7623, the (v)th is being done as long as "7675, approx" is held.

Once another high is done, manage with the retrace from "7623 to xxxx".

shriram said...

GM Master & JN Family,

The Hr TA +WW T1 is done.. T2 is 7780 NS.. lets c , if it comes this week.

Have a g gr8 trading day !

Post a Comment