Only a firm trading above "5510" will make it work for bulls.
Staying above 5472 will keep it in neutral mode.
Trading below 5435 will increase the chances for a downside break down.
"ORB" is a good tool in a trader's armoury.
Friday, March 18, 2011
Nifty PreMarket View.
The correction for the rise from 5223 to 5608 has taken more than the normal duration which puts a "?" on the strength in bulls. Having closed below "HEma", it has been sell on rises and having closed below all "Close emas", it is a confirmation of weakness but a follow up action is required to close below "LEma" which has risen steadily to make it easy for bears...
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...
61 comments:
good morning master & all friends.have a nice day.
thank you very much for the everyday guidence.
Bullish Hidden Divergence on Hourly chart.
http://i56.tinypic.com/fyjyuu.png
Jay
Good Morning to Sir n Blogmates.
Good Morning Ilango Sir and Friends
Nifty Daily analysis: CLICK HERE
goodmorning sir and friends
GM Ilango sir and Blogmates
sir just clarify if i am correct or not....
today JNSAR is 5481...
since today is the 2nd day of the JNSAR long taken day before yesterday @5487( as per TT table)... we had 5433 for managing/giving time for JNSAR long to work for 2 days...
so today also SAR for JNSAR LONGS taken @5487(5485NF) remains 5433 nifty spot.
is the reading correct as per trade plan table ??
Celebrating the colors
of our beautiful relationship,
I wish you and your family
all the bright hues of life.
Have a colourful holi
Good Morning Ilango sir and Friends.
GM and Thank you for the wishes DR sir. Wish you and all JN family a Happy Holi.
Good morning Sir and Friends.
@DR, thanks for the Holi wishes and wish you a very colorful Holi.
Also wishing a "Green" Holi for Nifty :-)
wishing you all a very happy holi!! may this yr be more colourful to all the blogmates.
good morning,seniors..
Hi...DR & friends,
Heart warm wishes on the occasion of "HOLI".
@ Nifty trader,
You may apply at best 20 point filter today.
A gap up if unsustainable will lead to weakness..
Aeekly pivot-5472 & WEma 5459 are the nos. to be protected/ conquered by bulls not just at the open but by close.
.
@ DR,
"Sholay" continues to have many songs that celebrates - Holi, friendship, love..
I loved its music then and loving its lyrics later on.
Good Morning Sir and Warriors
@dinesh rishi Sir
Happy holi to you tooo
ok sir will keep Weekly 5-ema @5459 as SAR for LONGS in JNSAR...
"Kuch Ajeed hai Jindagi"
"Manchahe Rango se Bhare to Tasveer"
"Unchahe Rango se bhare to Takdeer"
Holi Mubarak
Hi Ilango Sir and All,
Very Good Morning.
ILANGO THE NAME OF MASTRY IN INDEX PREDICTION " HAPPY HOLI TO U AND FAMIL;Y " I M SILENT WATCER OF UR LVLS.
Good morning sir and all :)
Sujatha said...
Hi all - If Nifty 2morow Gap up means enjoy for DR & Manu here. who's manu who's DR decide yourself
http://www.youtube.com/watch?v=l_hlBHE3c-A
@ Power - Yes, gap up is good for shorters but be careful with option side - week end :P 5540 crossing is very difficult let us see. market thinks otherwise. but what is the guarantee for upside opening 2morow? our's is running with our "own steam" if opened flat or gap down??
March 17, 2011 9:38 PM
Happy holi to everybody. Today Fri or FRY -day?
@ Praba - Noted your levels. thanks.
Have a nice day to all.
PS : Sorry to occupy more space in morning itself. Can join in afternoon only so taken "my share of space" in one go. :D
Good Morning ilango sir and friends,
Today's Quote received :
Life is a Chemistry.........
Dilute your sorrows......
Evaporate your worries......
Filter your mistakes.....
Boil your ego......
then you will get a crystal of Happiness......
Indian Market ULTA PUTLA ohaya?????????????????
May God gift all of you all the colors of life, colors of joy, colors of happiness, colors of friendship, colors of love and all other colors you want to paint in your life......
Happy Holi............
@Sujata @Yoda Mam
Thanks a lot .... Planning today to add extra deep in the money puts ... If the closing is favorable ... the Morning gimmick worked well today with a Gap UP .. Currently Squared the morning shorts ... As it was heavy metal ... Now further shorts on break of 5414 NF
@Gauresh59
Happy Holi Gaurang Bhai
look to be range bound day ?????
@Rrankan ...
May be today we break down or latest by monday
ORB has given sell Now as per Sir's morning View
May you all rejoice in the diversity of colours...and rest in the Unity of the Spirit...
Happy Holi
@ Rishiji
SSA...
Bears too now are in the mood to play Holi
5411 broken atlast. Next support? may be 5378?
Sir,filter why 20 points..
Why dont we take the low Ema as filter for today?
Hahahaha. Holi hai. Happy Holli to all Just Nifty Members.
@Debdeep ...
A possibility ... After so much of sideways trading the support get broken then the downward side may not find support much easily may be the budget day low of 5310-5320 range provide support today
Jeo PT. More than enough for today. :)
hi all...happy holi...
Patience and biased free objective analysis will always reward you...+200 points and more to come...:)
Rajini jokes will follow soon
powertrade, 5414nf breaks as wellas 5405spot cam breaks.
Ilango are B wave down could be over @ 5410? or @ 5370?
as per yesterdays technicals?
should we cover our shorts or hold with 5459 sloss?
If Rajani short nifty what will happens?
amazing...asia n us is in green and we have got into red...tells you something that wat held the market against the wind...did we read it?
Yesterday Ilango Sir was say, why the range is not getting broken and today it has broken.....yupee.....Jeo Ilango Sir.
and on the funny side.... diwali we made a high...
looks like holi day maybe the low we make?
Ril the way it went up coming down same way Newtons law again proved
@pawan...
it was used purely to hold the market when it had tanked down at opening...reliance is highly weighted in Nifty index so traders/operators/fii/dii use them to play around with nifty levels...
@ all blogmates
this is just my personal view that copper is said to be Dr. copper because it notifies the market crash in advance similarly RIL rises before the market fall. ( It is just food for brain)
RIL to DGH: D1, D3 block sales output may drop to 38 mmscmd in FY13 | Rising water cut may affect the output
*Rajnikanths next project. Titanic in Tamil. Climax revised. Both
survive. Rajnikant swims across the atlantic ocean with heroine in one
hand and... titanic in the other*
*Generosity of Rajnikanth......*
I THINK WE HAVE MADE A bottom for the day............
5424 is DLEma at present. 5454 is 5DEma and 5465 is J10SAR
13.5 lacs addition in 5500 calls.
11.5 lacs addition in 5400 calls.
5400 put: 1.22 lacs addition in 0i
5200 put: 4.68 lacs addition in
range seems to be moving from 5400 to 5200.
@Badri,
Yes ... Bounces may be there .... but the major trend has shown its blood .... Just a matter of time to break downwards
@Badri
That was the best
5424 is HLEma at present. 5458 is HHEma . i.e. for this hour sofar.
Arz Hai
Jahan ki gurbat mein sukun na ayega
Gamee tauhin se kubool na ayega
Maklool ki fitrat hai ye kafir
Dimag Fat jayega par ye sher samaj nahin ayega :)
@ram charan..thanks for OI report..
here is my rajini joke for the day
"Once Rajnikanth was on the hot seat of KBC.... And the computer needed lifeline to choose the question. Mind it!"
marketmusic.blogspot.com- few days back indicated below 5464..then 5286 coming.
Even sir has it in his list of blogs he is following.
@rajnikanth gets paid to endorse just his name. He need not endorse any other brand.
NEW POST DONE.
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