Thursday, February 24, 2011

Nifty PreMarket View.

50% retracement of the last rise comes @ 5388(S2 for the day) and if that level holds, then a rally could unfold failing which, the next target would be the golden ratio which has been done quite often lately is 5338.
Watch BN, Bank Nifty...if it holds 10480 and rallies, it could lead as BN has been the strength as well as weakness to the market.
VIX too has been hovering above 26 suggesting bearishness along with uptrending crude.
Prices trading below all High Emas and having closed below all "Close emas" in itself bearish. A close below the "Low ema" would bring in the momentum and that is what happened yesterday when Nifty closed below Hour Low ema @ 3.00PM. It continues to be "sell on rises" which is threatening to "Hold shorts" if the close is below 5400.
SOLD 5466NF(March Series), hence the premium.

39 comments:

abhishek said...

Ilango Sir & all friends

Good morning :)

Talespin Talkies said...

Dear Sir,
I'm in the process of doing some system testing on nifty.
I have tested it on Nifty data (60 min, 120 min) for last
15 months and it has been successful. I wanted to know from
where is it possible to obtain hourly data for Nifty from
2000-2009.
Regards

Talespin Talkies said...

I also have tick data with me from 2006-2009. But I
don't know how to convert it into hourly format. Is
there a macro in excel to do the same?

Anonymous said...

GOOD MORNING ALL.CRUDE IS BLOWING THROUGH THE ROOF

Mohan garg said...
This comment has been removed by the author.
Mohan garg said...

GM to all

INDITRADER said...

Gm Illango sir & all

DAKSHIT said...

good morning sir.

DAKSHIT said...

llango sir can we go short on BN. are there long to be unwind or short covering will happen?

San said...

Good Morning Ilango Sir and Friends

SBI Chart analysis: CLICK HERE

INDITRADER said...

@ Raja Sir & all Commodity Lovers.
Dont Afraid of Crude it will come down.
Just risisng due to News Flow.
Start Shorting for dare devils,U will get handsome return.

Yesterday My Gold & Silver & Copper all target hit on Bang.
Posted to Long in Silver give more than 1300 points in single
day.
Gold also give 300 points in single day.
Now dont short in both Commodities.
Silver near to 51250, Gold near to 21200-500 are good level
to take short.

Prabakar said...

Good Morning Ilango sir and Friends.

INDITRADER said...

Illango sir if I am using ur space for wrong purpose
Plz delete my post

DAKSHIT said...

llango sir what is range for nifty as per vix. thanks

Natti said...

@musti
please give me your blog address

RAJ said...

Good Morning Sir and Friends:)

Unknown said...

GOOD MORNING MASTER & EVERYONE.

POWERTRADE said...

Good Morning Sir and Warriors

INDITRADER said...

@ natti
I ant post it here its against decorum.
Click on my id U wii find it.

Sujeet said...

Hello Sir & Friends...

DAKSHIT said...

looks like game over for 5400 pe writers

DAKSHIT said...

llango sir what is range calculated as per vix

Rajagopal said...

Good Morning Sir and Friends.

Musti - Silver tgt is around 53k short term. Take care. Crude is scarry. Are you sure to maintain shorts? Haven't checked the data yet. Please advise.Today is Inventory day + Gaddaffi is unrelenting.

Prabakar said...

OI NOW.


Feb

5400 CE = +9.84%
5500 CE = +9.26%

5300 PE = + 4.41%

March

5400 CE = +7.58%
5500 CE = +2.28%

Prabakar said...

VIX at 27.47 (+0.88)

PCR_OI = 1.16

Lakshmi said...

Dear all,

Expiry vix range 5375-5508

Pankaj Shukla said...

icicidirect is not working.

Sukanya said...

Good morning all!
@dakshit : Game for 5400P writters is not over, I think, let us see..

Fire said...

Master,

Was incapacitated by migraine for last two days. So was unable to take any positions. Today also not in a clear head. So can you please tell me a possible positional entry please if its not too inconvenient?

POWERTRADE said...

Good Morning Sir and Warriors

INDITRADER said...

@ Raja sir
Crude can rise 100 points more from here but fall nearly
300-400 point sin near term.
there is no technical behind this rise.
Only news flow,all big traders at CME start accumlating
shorts in Crude for a nice return.
For Silver $ 34.15-35 is the max.
If Cross $34.5 than we can witness 36$ also.
But I am bearish to neutral over Silver.
Still creat Long in any Dip today also for 51250 my target.

jay shah said...

gm sir and freinds

Ilango said...

@ Fire,

BN's 10480-10510 is to be watched as supports and Nifty's 5385-5395.

If holds, a reversal possible.

If not the 61.8% retracement point of 5338/ Yoda's 5330..for the next point of reversal.

jay shah said...

jaijinedra prashantbapu

u.k.Raj said...

Good Morning ALL

Ilango said...

New post done..

gauresh59 said...

Good Morning ilango sir and friends,

Today's Quote received :

Locks are never manufactured without a key…
similarly GOD never gives problems without solutions…
only we need to have patience to unlock them.

Winning your goal is not toughest victory…
but winning your patience to achieve that goal is toughest one.

samvrudhi said...

hi, good morming all

Anonymous said...

GM ilango sir,

10-15days before, 5400PE and then 5500PE written 1cr and above, first 5500PE writers ran for the cover, now nifty trying to 5400PE writers to run for cover, will it happen today at the expiry?!

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