Thursday, March 22, 2012

Nifty PreMarket View

A decisive move past 5374 & 5391(Wk & Mth's pivots) is required now as Hour TA has almost come to overbought zone as well as "Midpoint crisis" is staring at Nifty.
80% retrace for 5446 to 5233 comes @ 5403, above which larger moves likely. (above which another 80% @ 5447).
More weakness would be evident below 34 or 21 Hr smas(Just as they showed strength above them @ 5291 yesterday).
If weekly trend needs to assert itself, today is one such a day.
Nifty closing below most High Emas makes it vulnerable at Hour Overbought situations.

57 comments:

Bala C said...

Good Morning Master Ji,

SGX Trading @ 5393 with open/high/low so far @ 5389/5398.5/5386.5 respectively

Nilesh Patil said...

Good Morning Master & Friends

POWERTRADE said...

Good Morning Sir and Warriors

Akash Patel said...

good morning sir
i could not understand your lower most tables aggressive intraday levels. how to interprets 5335 and rings!!! when free please throw some light.

satheesh said...

Namaste Ilango sir and all,

Nifty Hour Bearish Gartley Pattern:
Click Here

FAST FALL SET UP IN DAY 5,10 AND 13 EMA:Set up would become invalid if Nifty closes EOD above 5400.
Click Here

WEEKLY CHART:
Click Here

Ilango said...

Hi..Satheesh,

Accept our deepest condolences.

It must be very disheartening to let go off someone so close and dear who ruled your parent's place in your life.

I'll pray that God makes you remember all the good times spent in her company and be ever grateful that she did not have to suffer as most elderly do.

dayakar said...

Pranams Sir

suresh said...

Satheesh ji,
please convey my condolences to
your family members.

POWERTRADE said...

satheesh .... my deepest Condolenses for the departed .. ,may thy soul rest in peace

Nifty futures said...

Namaste Ilango Guruji,

GOOD MORNING to YOU & to all members of JN family..

Mathews said...

Dear Satheesh,

My deepest condolences to you and your family members.

Yash and Dhan said...

@ Satheesh
We here are a family. Just yesterday I remember someone
mentioning your absence. We share our happiness and try to
reduce our sorrows. My condolences to your family
members.

dayakar said...

@Sri Satheesh
I too with you

Manish said...

Dear Satheesh

Please accept my condolences.

Yogavidya by Parimal Devnath said...

Namaste Sir Ilango and all friends
May the Lord grant us integrity to prosper!
have a nice trading day

Anonymous said...

Satheesh Please accept my condolences. Regards.

Jagan said...

Namaste Ilango Sir And All.
@Satheesh Mam.
My deepest condolences to you and your family members.

Anonymous said...

Satheesh Please accept my condolences. Regards.

Kris said...

Dear Madam...Please accept our condolences and may her soul rest in peace.

mynac said...

GM Everybody…
Though Nifty come closer to over bought TA and closing below most HEMA’s, so looks vulnerable, 5435-5445 is still achievable is feeling. As Hrly TA is yet not fully tired…Whether it shall sustain there or not shall be another moot point.

Considering yesterday’s momentum & aggressive 5400 PE writing, Bulls would try to conquer 5400 today. Whether they shall succeed in it or not? We would find it in today’s first 3 Hrs. of trading…NF O.I. addition/deletion, High volume trade @ opening & writing evidence, if there shall be any @ 5400 PE would clear the picture.

Day and Weekly TA still in indecisive mode so today’s close would be important one.. Let us see.

Unknown said...

Good Morning All

Nilesh Patil said...

@ Satheesh Mam,
My deepest Condolenses for the departed.
May the soul rest in peace

navtash said...

@ssatheesh .... Heartfelt Condolences for the departed .. May GOD give you the strengh to bear the loss

sushil said...

good morning master and blogmates

Nakshatra said...

Dear Satheesh

Pls accept my condolences to you and your family, may her soul rest in peace.

venkatapathy l said...

Namaste Ilango Sir and fellow bloggers

LV

SANPOT said...

Good Morning Sir and all.

dayakar said...

Nifty opening above pivot.
pivot = 5331
nifty open =5361.
+ve bias.
Thank you Sirs.

Nakshatra said...

Sir why my comment not appearing?

Thanks

Indus said...

@Ilango

Many thanks for your reply yesterday...it was very
helpful in following JNSAR and day high ema

POWERTRADE said...

@Mynac

Good Morning .. Looks Like 5405 will be a Tough Job for the Bulls

Indus said...

@PT

Today's JNSAR triggered short

Nakshatra said...

NS Open and High are same

POWERTRADE said...

@Indus

Not Yet JNSAR is 5334

Crorepathi said...

சதீà®·்,என் ஆழுந்த அனுதாபங்கள்

Indus said...

@PT

TT reflects it as 5354

Prabhakar said...

Good morning Ilango Sir and all blog mates

@Indus:JNSAR is in long mode with SAR 5334

Prabhakar said...

@Indus: We should give 20 pts filter today and tomorrow

POWERTRADE said...

@Indus,

In Pre Market it is showing 5334

Sujeet said...

test

Nakshatra said...

Now eyes on orb.

Sujeet said...

Hi Sir & Friends...

Good Morning!

abhishek said...

@Mynac

Good morning !

The_Unprejudiced_Observer said...

Good morning.

OR 5368...5347

Nakshatra said...

ORB broken on downside

buggie advani said...

@ Satheesh
my heart felt condolence to
you and your family

Jagan said...

ORB Broken down. 5347-5368.

Ilango said...

In my initial posting, I had kept "SAR" @ 5354 without filter considering weakness/ downtrend of week.

But changed it to 5334(with filter) to avoid differences.

It is individual's liberty to take action.

sushil said...

@ Satheesh
my heart felt condolence to
you and your family

shabsaif said...

Good Morning.......................

The_Unprejudiced_Observer said...

?? False OR break.
Filtered JNSAR is the key today.

POWERTRADE said...

Why to use a filter today ... Below all HEMA correction is vulnerable

Akash Patel said...

good morning sir. finally for long which SAR is right? with or without filter? thanks.

mynac said...

Dear PT & abhishek,GM,
Very true 5400 would be resistance but the way Bulls are trying to hold DJNSAR & not allowing it to go much blow WJNSAR in initial hrs. it’s obvious that tug of war will be there but as the pull back is strong and with strong buying and not yet by short covering, buyers would pour some more money to force sellers to cover their short position @ higher level.And again above all yet Nifty needs much lower low to disturb Hrly TA,which is favoring still Bulls than bears at this “HR”.Probably we would come closer after first 3 Hrs…

Ilango said...

For weakness, watch the closing below HHEma..which is 5352 for 10.00AM.

Ilango said...

New Post Done.

Jagan said...

High Broken.

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