Wednesday, July 30, 2014

Nifty Pre-Market View.

FII's have been buying again for the last 9 days, after 3 days of minor selling- a resumption of the major uptrend. 
Prices, in the short term, have closed below the two key ST averages. (As long as prices close below these, technicals remain weak; only a close/sustaining above it would reverse the ST trend
The ST direction is "biased Down", as long as prices stay below 7791 & 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 below 7771-85(61.8% - 80% of last rise), Conservatively Holding below 7796(DHEma), downtrend continues....
Aggressively Holding above 7761, uptrend could resume....

16 comments:

Prabhanshu Raman said...

GM Sir and Friends.
Chart Analysis - Nifty, Voltas and Tata Steel: Click Here

venkatapathy l said...

Namaste Ilango Sir and blog friends

LV

vksoni said...

Good morning ilango sir and blogmates

DNSHUKLA said...

Good Mng Sir and Friends.

Magesh Waran said...

good morning illango sir & blog mets

Parminder said...

Master ilango and friends, good morning to all
regards

Parminder said...

+ww in 15 min http://prntscr.com/47pllx

bb said...

What is happening to Tisco, no news is holding the stock

D.S.SASAN said...

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

Have A Happy Day.

Unknown said...

Cairn India from its Lows of 304,now above its 80% retracement of the upmove. holding above 314 on a positional basis, and 315.70 on an intraday basis will target multiple highs for the day. all prices quoted are FUTURE

Unknown said...

there is a strong possibility of Cairn India future hitting between 321 - 324 zone today

mridul deka said...

@ UNKNOWN ya ya karect papa ji toi shob bhul buji pali

Unknown said...

on an EOD basis on 28/7 on a 1 minute chart, all da parameters were highly O/S at 7742 it seems to have made an INHS. anyone seeing this please kindly check and confirm for all

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