Friday, March 30, 2012

Nifty PreMarket View

Similarities continues...and a gap up is a likely repeat.
5195-29th High & 5214-DEma-Longs above these.
5237-02nd Apr, Monday's JNSAR and 2-Day High for the reversal confirmation.
R3-5262.
Last day of the month for the month to "assert its trend" and make amends in the day trend and set up an easy possibility of week's trend to turn up next week, if not this week.
All these possible by holding above "5145".
Yes..
Indus..Your observations are correct. Only market can validate them. Dare..!

46 comments:

Bala C said...

Good Morning Master Ji,

Sorry, was away last two days.

SGX Trading @ 5246.5 with open/high/low so far @ 5231.5/5262.5/5220.5 respectively

dayakar said...

Pranams Sir,
Good morning to All.

K7 said...

San,

Please advise the 200 SMA no, as i am not seeing the exact no in your summary..... May i know how to see this no by myself on which portal

K7 said...

San,

In iCharts portal, i selected data range 1 year and 200 SMA shows as 5150... Is this no correct

Nilesh Patil said...

Good Morning Master & Friends,

buggie advani said...

Good Morning Sir and Bloggers

puravi said...

@Illango ji

could you please comment on the 20/50 golden crossover that hapended yesterday.
Thank you & have a good day.

Jagan said...

Namaste Ilango Sir And All.

Yogavidya by Parimal Devnath said...

Namaste beloved Master and all friends
May the Lord grace us with balance of mind for evolving as better humans!
have a nice trading day

San said...

@K7
I have used Chartnexus and 200 SMA is at 5150.

sushil said...

good morning master and blogmates

Yash and Dhan said...

Good Morning Sir,
Good Morning Friends.

Akash Patel said...

good Morning sir and seniors.
dose anybody follows Heikin-Ashi charts?

puravi said...

Illango Sir,

My comment gone missing:-(
Please guide on the 20/50 crossover...how much weight do we
give to it on a day when all else is gently pointing +Ve

Thank you

Nifty futures said...

Namaste Ilango Guruji,

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

Nakshatra said...

Good morning master and all JN followers.

worried about DR sir, his blog not updated.:(

Thanks

Indus said...

@Ilango

Your inputs have helped me evolve tremendously as a
trader.....the TT has become my "Bible"....sincere
thanks for your time

venkatapathy l said...

Namaste Ilango Sir and fellow bloggers

LV

Dinesh Rishi said...

Good Morning Master and copy to All

Yesterday was out of Station

returned late that's Y this Kollavari di

Dinesh Rishi said...

Nakshatra

and All

thanks for your concern for SMS & Calls

NEVER GIVE UP said...

good morning sir and all blog mates.

Nakshatra said...

DR sir

welcome back sir.

Anonymous said...

Good Morning Master

india nsebse(hari) said...

master can go long above 5dema 5214 as u said

Nilesh Patil said...

Today DR sir come and Bank Nifty salutes with 150+ up.

Prabhat said...

DR Sir: Can you please update your blog for BN levels. Is it worth to go long in BN @10125 levels with 100 pts SL?

Prabhakar said...

Good morning Ilango Sir and all blog mates

5204< ORB >5233 (NS)

Indus said...

5237 hit for the reversal point as per premarket:)

dungar said...

Is buy triggered as per jnsar?????

Ilango said...

@ india nsebse(hari),

Isn't it quite obvious to "Just go Long" at the open.

It is the same dilemma before jumping into water..."chilly", its going to be...But you must take the dive...none can do it for you.

You make a plan and then simply act. And manage with your SL, Partbook, etc.. Modify along the way, if need arises.

sushil said...

TEST

ajay vijan said...

5244 is hrly 50sma

shabsaif said...

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

Unknown said...

Good Morning ALL

buggie advani said...

Todays headline on Money control

Take short positions when market is under pressure
: Sukhani

Traveller said...

@buggie advani ...

current pressure is ..5235 PSI
let pressure increase :-P

shriram said...

Morning Illango ji & JN Family,

34EMA system will trigger LONGs @ 10:00AM (close > 5193)

Does it mean High Probbality Up ? Well its a Friday
55WkEMA @ 5230 & 55DEMA @ 5240 WILL TRY TO RESIST.

Be aware of the Forces in play & choose ur sides :-)

cheers
SMO

buggie advani said...

@traveller Sir

I was just quoting Mr Sukhani

buggie advani said...

Rohit Shrivastva today update

After failure of wedge two days back I gave up on it but today morning the redrawn wedge
has broken out above the falling line with 5140 discussed day before holding. Net result
wave y down maybe complete. Another x wave up can develop and retrace 38.2% 5277
or 61.8% 5364, 61.8% is near the upper falling trendline as discussed on Tueday and
could create a triangular distribution, Some might question that w-x-y complete why
not bigger bullish stance on market from here? Short answer I am not sure and need
more evidence of big up move. The fall has been deep retracement and therefore
chances are more of complex downward pattern unfolding or top distibution in progress.
Will need to watch for failures as well at every high as market might not achieve upside
targets bt todays breakout puts immediate down move on hold. The wedge could also
be a leading diagonal.

Traveller said...

@ I was saying it in a humorous way... :)

Ilango said...

New Post Done.

puravi said...

Nobility is rooted in humility; loftiness is based on lowliness.
This is why noble people refer to themselves as alone, lacking, and unworthy.
Tao....

Akash Patel said...

market holding at Monday jnsar!!!
see what next. 10 am close above 5 EMA. may be gathering strength for big jump above today jnsar to confirm trend. god bless all.

DEVI said...

Your tech analysis is too good, which must be helping all the small investers , who r not conversant with working it out themselves. God Bless U. do you provide the tech table to us,so that by filling the EOD details we understand it better.

Ilango said...

@ DEVI,

Tech table can be downloaded from the link given at the top rightside of this blog -"JustNifty TA(30th Mar)

afzala.com said...

Ilango sir
can we take long position in large cap base
on jnsr that too on lcloisng basis

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