"Bizagra, Pisreport " are maturing in their confidence levels to initiate such trades.
Break of 5260 would confirm the break of the rising channel from 4675 and a larger correction calls for fibonacci retracements:
38.2% @ 5123;..... 50% @ 5037;...... 61.8% @ 4951.
30 comments:
Today's close : around 5285
what is the meaning of VAH POC AND VAL sir
If "5245" holds, one should trade long for "intraday only" as "Daily T.A is up" & the world cues are negative. S2 @ 5284 & S1 @ 5296 becomes resistances.
Depending on the opening lows, Nifty will attempt to move above the "Day Low ema".
If the low is 5245, "Low ema" would be 5267. Get the actual low for more accuracy.
Bank Nifty might find support @ 9575 - 9600 zone and trade towards 9695-9725.
@ violet,
You will get the details in the write up in the following link.
http://tradeinniftyonly.blogspot.com/2010/02/nifty-premarket-view_26.html
Good Morning to ALL
thank you sir
gm all
sir, still holding aggressive shorts..thanks :)
will get out around 5245..
Sethu,
Why can't you stop bragging. If you are so good than have patience and your blog(kamdhenu cow ) will attract all and sundry including Vishwamitra himself.Pl stop crapping here and do your shitting somewhere else.Thanks in advance for reading and obliging us all
Good Morning all!
Good morning Dear Ilango and friends, I am amazed that my name has been mentioned by the Master. I am old enough, but the student instinct lives with a man and a quick pats really gives a sense of joy. Thank you .
Sukanta Mishra
Good Morning Sir and Friends.
Nice to read some good news so early in the morning.
Let's have a good day.
sir at what level we sell and sl pl
Today Nifty may not go far from 5260 convincingly..
Good morning Ilango Sir and all blog mates.
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Sir, I have short in Nifty future at 5300. Please give me advice to book profit
level.
Thank you.
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Sorry to revert late Sethu. Good judgement. Thaks for cautioning.
Results Today: Bharti Airtel, Alstom Projects, Balaji Tele, Balrampur Chini, BOB, Canara Bank, Dabur India, Exide Inds, GHCL, Ingersoll Rand, JSL, Kesoram Inds, LIC Housing Fin, Marico, MIC Electronics, Noida Toll, Shoppers Stop, Advanta India, Rei Agro, Eicher Motors.
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Mahindra & Mahindra’s market share in overall tractor sales stands at +40%. It is also expected to benefit from the Government's thrust on the development of the rural economy.On a consolidated basis, the stock trades at 9.7x FY11E and 7.9x FY12E EPS. Maintain Buy.
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Thanks for the sane words friends. Read it now only.
Ilango Sir,
NS hovering around 5245... if it holds there, can we reverse position from shorts to long....
thanx
Sethu I haven't come across a safer tool than 5ema high-low & the elliot wave theory. Yesterdays close was below hrly low ema & indicated caution.
GM ILANGO SIR BAJAJ HIND CLOSES BELOW 125 NOW AT 121 SO WHAT U THINK ABT IT WHERE IS SUPPORT NOWPLZ TELL US
important levels
weekly pivot 5266
weekly 5-ema 5274
daily low ema 5279
21 day ema 5263
fall from 5400 to 5158
38.2% 5249
50% 5278
In short hourly closing below 5250 will attract weakness...
plz comment on this sir...
Tata Steel corrected 38.2% (at 632)...
posted this on 19/April/2010
http://2.bp.blogspot.com/_m0eU85MUDEo/S80U9_WjFII/AAAAAAAAAEk/0JE8Bsvqn98/s1600/TATA+STEEL.png
@ Mynac,
Excellent input based on OI analysis. Your "5250" turns out to be the opening low with 22.2 lakhs volume in the first 5 minute.
That should be the S&R for Longs.
DEAR RG&ANYONE,
EACH ANY EVERYONE TALK ABOUT GREESE
CRISIS CAN ANY ONE EXPLAIN PLEASE
NEW POST DONE.
Ilango Sir,
Can I wait for 5200/5220 levels to book profit for my short in Nifty future initiated at 5300 or exit at present levels?
Than you
Amit - My TISCO expectation was 635 for today and got it. Do you see bounce from 632 or lower level possible ?
Please advise.
GM Folks!
I think we maybe headed to 5150 / 5050
My dates would be by 5th - 8th May
break of 4950 indicates oversold area - so there will be an upmove eitherway at 5050 / 4950
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