Monday, May 9, 2011

Nifty PreMarket View

Nifty tilting to downsides in the medium term if 5350 gets broken. However, the short term has shown a reversal after positive divergences.
The retracement levels of 38%(5622) and 50%(5679) are the two levels are to be watched for development of negative divergence in the Hour TA.


50 comments:

Hari said...

Good morning sir

San said...

Good Morning Ilango Sir and Friends.

Nifty Daily Analysis : CLICK HERE

chetan said...

good morning sir & everyone here.

SAM said...

Good Morning ilango Sir and all friends in JN Family.

Pawan Jangid said...

BTST ICICI Bank sell in the first 60 seconds of opening as per BTST stretagy.

Rahul K. Jamkar said...

Gm sir and all friends.

INDITRADER said...

Gm Illango sir & all.

@ pawan jangid can I have your mail id plz

SAM said...

@ Pawan thanks and watching closely your calls.

Dinesh Rishi said...

When world is burning with fires of delusions and darkness.
I am saved for I have my masters's wisdom to protect me.
Fortunate are those who have able guidance of master in their life.
No rituals, principles, beliefs can rescue you from pain, if your mind is untrained.
Blessed are those who have fire in the heart and are friend to awakened.

shiva said...

good morning, seniors..

SAM said...

GM DR Sir ... When to go long in BN as per POTS?

SAM said...

@Pawan ur call rocked. You have become one of the assets of JN family.

Unknown said...

Nice BTST call Pawan. Great Strategy,,,

Gagan said...

SSA Rishiji,
Well said...Guru Guru Kare Maan More, Guru Bina Nahi Koi Hor!!!
Came back yesterday:-)))

Pawan Jangid said...

BTST Booked at 1092. Profit (1092-1079)*250= 3250 in One Lot.

AAR VEE said...

GM Ilango sir and friends,

Have uploaded following e books -
1. Come into my trading room-Alexander Elder
2. Mind over Markets-James Dalton
3. Charting made easy-John Murphy

Friends interested in downloads may have recd. the links.If not then can mail me.
Also check the short term Technical and Elliott wave analysis.

Regards

Dinesh Rishi said...

Hi

Pawan Good Show

Parminder said...

good morning ilango Sir,

&
friends

INDITRADER said...

@ Pawan I want to discuss some thing over your LEMA trading
strategy in Commodity,if U post ur mail id or mail me directly.

gauresh59 said...

Good Morning ilango sir and friends,

Today's Quote received :

'Good' things comes to those who WAIT.... 'Better' things comes to those who TRY...& 'Best' things comes to those who have CONFIDENCE in their efforts.

Pankaj Shukla said...

exited 5600 call

Kumar Technicals said...

Good Morning Everybody!

Thank you very much ILango sir for providing us a wonderful platoform. How pleasant it is if u meet someone from this blog & i met a gentleman Mr.John on saturday, he was within 10min drive to my home...It was a nice experience to meet a gentleman like him.

Dear All!

I gave my weekly outlook on my blog & i am short at opening. Intraday rallies will come but sustaining looking extremely difficult.

Rgrds,

Kumar

brijsolution said...

gm ilango sir ,, dinibhai,, & friends

Jyothienterprises said...

GDMRN DINESH RISHI BANK NIFTY GOING DWN

Dinesh Rishi said...

Hi Jyoti

Todays opening will be SAR :D

SAM said...

Kumar Sir market is moving as per your view.

Jyothienterprises said...

sar means

Dinesh Rishi said...

BN fut opening is 11205 if moves above it we r long

Simple :D

SAM said...

@Jyoti SAR means Stop And Reverse... mean whatever trend at SAR you can REverse the position... but as per DR sir he only goes Long only.

Piyush Sharda said...

@pawan jangid,

last time also i raised this question but u didnt answer.
this allows for btst and stbt as per ur text. in last
4-5 days of weakness u didnt give sell calls.
any specific reason.

Pawan Jangid said...

musti1780

my ID is madhu@pawanjangid.com

Pawan Jangid said...

Dear Piyush sharda

BTST strategy mean only BTST no STBT

Ramblings of an unstable mind said...

@ AAR VEE

Where is it that you have uploaded the books. Can you provide me with a link.

Rgrds

Kumar Technicals said...

Dear Sam!

Market is not moving as per my view, i am following market properly bcoz it goes at it own. I never try to predict market, i always try to follow it. Congrats for ur good profit which u made in Bank Nifty on friday, tk cr of u.

SAM said...

Thanks but Credit goes to u.

hitz said...

Kumarji are you still long on 5500 PE, what would
be expected exit price?

--your new follower

Indian Trader said...

Good morning sir and friends,

brijsolution said...

volume low in mkt today

Piyush Sharda said...

@pawan jangid
thanx.
"it works in rising as well as falling
market conditions!"
actually this was a line which led me to
think that it will be stbt and btst both.

Kumar Technicals said...

Dear Hitz!

I have no target for 5500 Put but i have my view on Nifty on my blog and which may help u to understand properly the target & stop loss of the same.

amrendra said...

Dear ilango sir and blogmates can any body provide me intraday data of 4MAY, 5MAY,6MAY OF NIFTY,BANK NIFTY, IT AND SCRIPTS OF NSE

Fire said...

Kumarji,

You are buying Puts. That means you are not concerned with the time decay. Does that mean that you are expecting to achieve your targets pretty soon? Can the puts be held for the conservative targets? I am asking you this because I have lost a lot of money in options due to time decay even when the direction was right. Please enlighten.

Prabhat said...

Good morning to all.

@Kumar sir: Your new blog is good. The chart is kept simple. Also, your bearish prediction are great. I had a asked a question to you last fri.
I was wanting to know if it is good to buy 5200 & 5300 puts during its rally on fri since they were decayed out & had a minimal risk (premium for 5200 put was only 21)

You can choose to answer during your free time.

Pawan Jangid said...

Piyush

I beck tested this strategy both with BTST and STBT but result is more profitable only with BTST

Piyush Sharda said...

@pawan jangid
ok noted .. thanx

Pankaj Shukla said...

Kumar ji,
i have bought 5400 put at 46 today. My expectation is that market
will be trading in the range of 5495-5530 today

SAM said...

@Ilango Sir, @Dinesh RishiSir, @Kumar Sir, I want to learn TA can you tell me any course for Technical Analysis.. or how a newbie can start learning technical analysis systematically.

Ilango said...

New Post Done.

Dinesh Rishi said...

For successful trading Money Management and Experience is required

regarding TA every thing is available on this blog read each and every article

Experience Cannot Be Taught

Mark said...

Hi Kumar,

pls post your blog url

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