Friday, September 5, 2014

Nifty Pre-Market View.

Hour 9-rsi has almost completed the correction while the Day 9-rsi is in overbought zone with week showing a -ve divergence at the top in "macd chart"(confirmation by this/next week end).
Prices suggest of the minor (v)th unfolding from 8061 with two likely targets -8146, 8165.
And hence, one need to follow the prices with a trailing number(for the rise from 8061).
Prices could get resisted around 8109-21 at open, thus completing a 5 minor waves from 8061 to be followed by a correction; it is this correction which is crucial for the rest of the day for either making new highs or a possible break down.
Alternatively, prices could attempt to move closer to channel bottom/ 34 Hr sma to complete the hr correction around 8055 before reversing.
With the "Trend" intact, prices would continue their trending ways by holding 8067-79.
Bearish scenarios open up only below "8055".
We have tentatively labelled the sub-waves of the move from 7540.
The 5th wave may have started from 7422 or 7540.
Accordingly tentative targets could be (as per 1=5 with 1 as 5933-6777=844):
7422+844=8266  OR
7540+844=8384.
If the sub-waves play out as per the tentative labels, the minor (v)th could reach closer to 8146-65.
Remember, these are tentative labels in shorter t/f which are highly fluid and we should adjust the labels as new price pattern emerges.

38 comments:

gauresh59 said...

Namasthe ilango sir,


On this wonderful occasion, I wish to thank my teachers for their encouragement and support always.

TEACHER is a full form of

T-Talent
E-Education
A-Attitude
C-Character
H-Harmony
E-Efficient
R-Relation

Without you, we would have been lost.
Thank you teacher for guiding us, inspiring us
And making us what we are today.

Wish you a Happy Teachers Day.

~from : gauresh~

Nilesh Patil said...

Good Morning Master & Friends,
Wish You Happy Teachers Day.
Thank you for teaching & guiding us.

jvr said...

Good Morning MAster and friends,

Happy Teachers Day

krishna said...

Dear Sir,

Thank you for teaching & guiding us.

Happy Teachers Day

venkatapathy l said...

Namaste Ilango Sir and blog friends

LV

Prabhanshu Raman said...

GM Sir, Charansparsh.
GM Friends

vksoni said...

Good morning ilango sir and blogmates,,,,
Happy Teachers day

D.S.SASAN said...

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

Have A Happy Day.

Sir, Happy Teachers Day.
Words fail me to THANK YOU for your self less service.

Bhavir said...

Thank you sir for being there and choosing to share knowledge. Happy teachers day!

Parminder said...

Master ilango and friedns,
Good morning to all
Happy Teachers day Master keep guiding
Regards

Rasendra Zala said...

Good Morning to Ilango Sir and Friends.
Happy Teacher'sDay.
Thanks lot for constant guindance and for giving proper direction of trading and life too.
Regards.
Rasendra.

saravanan k said...

Good morning Ilango sir & blogmates

You are the light for many followers here & on this teachers day, I wish to show my gratitude for your restless guidance. Happy teachers day.

Rgds
Saravanan

chetan said...

Dear Master, Happy Teacher's Day. :-))

Abhay deep said...

Dear IL sir,

Happy teachers day

Prasad said...

Dear Sir,
Happy Teacher's day

Vaishnav Shukla said...

Happy Teacher's day sir.. Lot to learn from you...

amber said...

Guru ji charan vandan and wishing you a happy teachers day, thnx very much for all your blessing.

anmpatel said...

Happy TEACHER'S Day to Ilango sir.

i am also thank full to other senior member's of the group esp Dinesh Rishiji, Nilesh Patilji and Shree ram prabhuji...(ramji ka knowlege jara meri samaj ke bahar hai!!!! par vo alag baat hai).....for the selfless help they do in my early days of trading...

God bless you all. thank you very much for being there like a brothers.....

Bhushan said...

Good Morning Gurudev

Happy Teachers Day

Ilango said...

5 sub-waves done from 8061 to 8123.

As stated in Pre-market, this retrace is critical.

gs said...

good morning master and friends

HAPPY TEACHERS DAY

Ilango said...

A minor correction to the observations.

From 8062, a 5 waves done.

From 8061, 3 waves done..

sekhar said...

Happy Teacher's day sir

vishnu said...

Respected Sir,
Namaskar
Shikash Divas ki Hardik Shubhkamnaye avam Charan Vandan !

Piyush Sharda said...

thank u for ur guidance sir

prakashbkc said...

GM Master,

People says "
Experience is the best teacher
But for us
" Having u as Master is the Best Experience"

On this auspicious occassion I express my gratitude for ur selfless guidance

Sonu said...

GM Master and All!

Master suggested of weakness below 8055 while OI Pivot at 8053:

http://www.niftytrader.in/

arvindkering said...

Dear Sir,
Thanks a lot for the knowledge that you have imparted, but still along way to go

santosh said...

Dear Sir,
Happy Teacher's day!.

Unknown said...

Sir BNF has retraced 23.6% apprx of its 1st larger rise from 14561 - 15973 at 15973

Unknown said...

i beg your pardon Sir. da rise on BNF from 14571- 15973 and then from 15973 - 16255 seems complete, with BNF NOT having breached 15973

Unknown said...

BNF made a low of 15976

Unknown said...

BNF pattern for the last 3 days has been as follows SIR. 15973 - 16255. 16255 - 15976

Unknown said...

if we follow the FIBO retrace again from 15976 now, a close above 50%fibo @ 16115 would still look a BULLISH sign to me SIR. Would you please ENLIGHTEN

Unknown said...

SIR< I see the the fibos as follows.

20% ( 23.6) = 16031
38% = 16082
50 % = 16115
63% = 16151
80% = 16200
100% = 16255
120% = 16311
i m currently counting this current wave from 15992 SIR

Rajesh Singh said...

Dear Ilangoji.
Happy teachers day

Anas Ahmed said...

According to the Epic Research's Nifty Pre-Market View, one should SELL BANK NIFTY BELOW 16020 TGT 15980-15920-15820 SL 16070.

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