Monday, February 7, 2011
Nifty PreMarket View.
Earlier supports:5402-5416 must act as resistances for the impulsive moves to continue further down. A new low followed by a bounce and another low will fit in perfectly with the bearish scenario. However, not making a low and moving above 5442 would put a question mark over such an impulsive down move. Follow the Tech.Table and follow your chosen time frame's TA.
Elliot's Impulse waves.(Part-5)
IMPULSE WAVES :- The Basics Waves that move the market in the direction of its main trend either up or down are called Impulse waves. 1....
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5010-5039 supply zone proved a ST resistance. 5002 proved a break down point. 4945 to 4982 proved a corrective rise, monitored with an ... -
I 'll always be there for you. To make you feel that you're secured. And even if the rain is pouring hard and the sky is almost dark... -
Trading strategy that works wonders besides the supports & Resistance is " Retracement strategy ": The strategy that has wor...
17 comments:
Good Morning Ilango Sir and Friends
Nifty Daily Analysis: CLICK HERE
Dear Illango sir, goodmorning.
Dear San= agree with ur view point in TOTALITY
Good Morning Ilango Sir and Friends.
Good Morning San & Deepak. San Thanks for showing clear picture of what might be there in card.
But today even after seeing many compelling TA on downside, i have an intuition of moving up without any support to the upside.. :)
Goodmorning prabhakar= I totally agree with you boss. I have been saying precisely this for the past 2 days= older blog comments
Good Morning Ilango Sir
RCOM - Descending Triangle: CLICK HERE
GM to all TA Gurus
Good Morning Sir and Friends.
Tigar= GM= I told u something on my analysis on froday night= M I right????
Look out for spot at 5398-5395 level= keep a keen watch at this level= will be crucial
the discount has come down to 3 points from 12-15 points???? wow!!!!
Hi,
on Jan 31st. there is a website which said 17500 is the initial target on sensex based on twigs money flow index.
http://www.incrediblecharts.com/tradingdiary/2011-01-31_markets.php
any comments ?
GM to blogmates & Ilango sir.
@Deepak, Impulsive Nifty brake 5395 level.
Good Morning ilango sir and friends,
Positive thinking is not about expecting the best to happen…..It is about accepting that whatever will happen Is the Best.
Defeat is nothing but first step to something better.
Every loss or defeat reveals an important surprise..from time will prove each setback was a blessing in disguise.
Good Morning...!!!
support on spot currently= 5400 spot= resistence @5450-5479 zone
NEW POST DONE.
NF:5427 is the first minor negation point.
i have studied Always start trading with these, in that
tech table reading only balance, thank you sir,now
i hv a doubt , in last post
If you are following TA, do as it shows you.
If you are following EW, do as it unfolds.
If you are following MP, do as it dictates to you.
If you are follwing SAR, do as it changes.
If you are following "your intuition", do as it guides you.
i could nt under stand what is meaning for MP,SAR,your intuition
expecting you explanation sir
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