Tuesday, July 8, 2014

Nifty Pre-Market View.

FII's have been buying for the last 6 days after the consolidation with in the major uptrend.
Prices, in the short term, have been closing above two key ST averages. (As long as prices close above these, technicals remain strong; after a close below it, follow up is important; if not, trend would reassert)
The ST direction is "biased UP", as long as prices stay above 7711-7726 & 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 7760(2-Hr low), Conservatively Holding above 7722(DEma), uptrend continues....

13 comments:

venkatapathy l said...

Namaste Ilango Sir and blog friends

LV

Manish said...

Goodmorning master and all friends...

Prakash said...

gud morning master and all frnds

Suraj said...

Good Morning Ilango Sir and Friends

Dhatta Adiga said...

GM all,
Did anyone visited
https://docs.google.com/spreadsheets/d/1dESqVIu1qLjYFCRiF6nESimLZXLgL03-9PAX1cLCvFI/edit?pli=1#gid=0
is it possible?

Sonu said...

GM Master and All!

Ganesh IC said...

Good Morning Sir & JN Family

D.S.SASAN said...

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

Have A Happy Day.

Abhi said...

Within 30 min, Market from 1st res zone to 1st supp. zone.
Sir, u r gr8.

Prabhanshu Raman said...

GM Sir and friends.
7760-65 => HRJNSAR, HRLEMA, S1

raman perumal said...

Sir this wave is a 4th wave i dont know whether it is 3.4 or 4th wave but 5th wave is pending

Post a Comment