Monday, March 26, 2012

Nifty PreMarket View

Note closely at the similarities in the two correctives: 5630 to 5171 and 5499 to the ongoing one.
There is a bear flag formed at "5312", the breakdown point of the same is at 5248 at the opening.
Camarilla's L3-5253, opening below which weakness, coincides with HLEma-5255.
For bull strength, minor above 5300 & 5320 and breakout above 5350.

38 comments:

Bala C said...

Good Morning Master Ji,

SGX Trading @ 5269.5 with open/high/low so far @ 5296.5/5296.5/5258 respectively

prakashbkc said...

GM Master, seniors & blogmates

San said...

Good Morning Ilango Sir and Friends

Bank Nifty and Nifty charts: CLICK HERE

S A M i T said...

Good Morning Master !!

Nifty futures said...

Namaste Ilango Guruji,

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

Akash Patel said...

good Morning sir and seniors

Nilesh Patil said...

Good Morning Master & Friends,

Anonymous said...

good morning to all

merc9000 said...

Ilango ji,
What is the logical target for breakdown of the bear flag? I think it could be 5090. Please confirm
merc9000

sushil said...

good morning master and blogmates

KIRAN said...

good morning everyone.
"A MAN IS GREAT BY DEEDS NOT BY BIRTH"...CHANAKYA

Asha said...

Goodmorning Ilango Sir and all the Blogmates!

dayakar said...

Pranams Sir,
Good Morning to All

venkatapathy l said...

Namaste Ilango Sir and fellow bloggers

LV

SAM said...

GM all

Smita said...

GoodMorning Sir and Jnfamily

mynac said...

GM Everybody,
Just one query :
When SGX starts to tune with spot Nifty @ premarket opening,is it hidden indication that DII has come out for support or Buying? Can any one throw some light on “this type of assumption” ? Because normally it is seen that most of the days premarket Nifty closing is in line with SGX considering its premium-discount…

Piyush Sharda said...

sir ,
ur observation of 5 waved down in 2 min charts
on friday was monetarily rewarding for me

Jagan said...

Namaste Ilango Sir And All.

sushil said...

To ilangosir,
sir i am not getting the corrective wave sir which type of correction is this please guide

prakash-chennai said...

Good morning Master

prakash-chennai said...

NS and NF at same price

Bala C said...

@mynac

SGX Nifty before and after NIFTY spot, it is purely a muscle power of Institutions...who just want to either push up or down depending on what they want to achieve as the vol is very very low...traders like me take advantage of this and enter based on TT. More than 90% it works out to be correct.

Nakshatra said...

Good morning master and all

NS & NF open and high are same.

mynac said...

Thanks Dear Bala.My assumption @ premarket opening is as follows: if Nifty in line with SGX … FII are in control & want to dictate…& viceversa.

SAM said...

Part booked near 5207... as it is recent low...(22/3)

santej said...

have we completed the 5th wave sir which u were talking bout on friday??

SAM said...

What is present 200 DMA ??

Nilesh Patil said...

@SAM,
In TT 5164.

SAM said...

@Anil ... Nifty has broken the lower trendline in the chart
you have given. Is it confirmed???

SAM said...

I am feeling like expiry is today..:) D

Ilango said...

@ santej,

I have labelled in the chart.

From 5312, the "c" wave has commenced.
"a" did 180 points from 5386 to 5206.

These are complex corrections. As we get clarity, we'll share them.

Pankaj Shukla said...

still only 1st of 5th may have completed.

santej said...

the intensity of fall and volatility is telling me to stay away from intraday :S

Immortal said...

Yippee!!!....down town started

Immortal said...

get ready for a massive collapse!

Ilango said...

New Post Done.

SAM said...

Thanks Nilesh.

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