Tuesday, September 16, 2014

Nifty Pre-Market View.

Prices have broken the channel.
FII's have sold mildly with gently rising VIX.
Prices suggest of:
a) a major correction is underway from 8180.
b) the minor (4)th wave's "c" unfolding from 8180 to channel bottom's break.
Since the inside day with "2-day low -8126" broken, the ST got tilted to bears and prices have been making series of lower highs & lower lows and unable to retrace above 80% of last fall, the last fall from 8114 being retraced at 8059 & below 8097.
The"downtrend has gained its momentum in day t/f" with prices closing below DLEma after showing signs of exhaustion with -ve divergences".
Bearish scenario has opened up below "8125" & more would be below 8007-22, the 2nd cluster support.
Mild Bullishness returns only above 8060 for the day & more above 8085.

14 comments:

venkatapathy l said...

Namaste Ilango Sir and blog friends

LV

Abhay deep said...

Good morning illango sir and friends

amber said...

Guru ji charan vandan

Ganesh IC said...

Good Morning Sir & JN Family

marina s rao said...

Namasthe Master & Blogmates.

Wish all Long life, Good Health, Peace & Wealth.

anmpatel said...

Good morning master and friends...

@shriram
Please check mail I had sent data to ur mail.
Thanks.

marina s rao said...

Followers of JNSAR :

Those who have gone SHORT on 11 Sep '14 will remain SHORT till NS crosses 8106.

They may part book once NS goes below 8038.

Those who have gone LONG on 12 Sep '14 must exit LONG & enter fresh LONG once NS is

above 8103 with SL @ 8073.

Those without positions can take LONG positions once NS is above 8103 with SL @ 8073.

NS currently hovering around 8033.

Ilango said...

For intraday:

8043 8046 ... is 50%-61.8% retrace of the last fall from …… 8059 to 8026

80% is - 8052

If weakness is to return, it should be around 8043 8046

Strength gets confirmed above 8046 OR 8052

Prakash Tamilnadu said...

In first 15 trade 8100CE added 661150

Prakash Tamilnadu said...

9 lac OI added in 8100CE since morning

Unknown said...

GM Sir n mates. 50% fibo on BNF is at 16134, of the Rise from 15904 - 16364

abhishek patel said...

Get Accurate Daily Latest Commodity and Stock Market Trading Tips, Sure Calls,Updates and STOCK MARKET, Commodity trading Tips, stock Tips, Trading calls,Mcx tips, ncdex tips, mentha oil price cotton updates, gold and silver updates, stock tips, nifty calls,stock Tips, Trading calls,Mcx tips, ncdex tips, mentha oil price.
Regards:
MCX LIVE

ANUBHA JAIN said...

NIFTY SPOT TREND- CONSOLIDATE RES1:8055 RES2:8110 SUPP1:7890 SUPP2:7790 STRATEGY- SELL ON HIGH
Best Nifty Future Tips

Post a Comment