5010-5039 supply zone proved a ST resistance.
5002 proved a break down point.
4945 to 4982 proved a corrective rise, monitored with an "abc" move.
And market fell again to 4945 & paused with a feeble abc at close thus setting itself for a continued fall.
A corrective fall could niormally retrace 50% to 61.8% @ 4913 to 4887.
4894-weekly pivot falls right in the middle of it.
Beyond 4887, the last reversal confirmation is @ 4848(80%)
If 5020 to 4946 was "a"; 4946 to 4982 was "b"; "C" could be 4982-74=4908 as equality or more depending on other fibo.relationships.
JNSAR traders could opt for a filter around weekly pivot or golden ratio-4894 or 4887.
5002 proved a break down point.
4945 to 4982 proved a corrective rise, monitored with an "abc" move.
And market fell again to 4945 & paused with a feeble abc at close thus setting itself for a continued fall.
A corrective fall could niormally retrace 50% to 61.8% @ 4913 to 4887.
4894-weekly pivot falls right in the middle of it.
Beyond 4887, the last reversal confirmation is @ 4848(80%)
If 5020 to 4946 was "a"; 4946 to 4982 was "b"; "C" could be 4982-74=4908 as equality or more depending on other fibo.relationships.
JNSAR traders could opt for a filter around weekly pivot or golden ratio-4894 or 4887.
161 comments:
New look
Congrats on the New look.
But a title to the post would have been useful.
BTW we have got 2 NR7 days in a row. Expect huge gyrations today.
Waah...waah, naya look, me likey likey :-P
Gm to all :)
Thx IlangoJi..
Good Morning Master & Friends
I like this new Chang.
Namaste Ilango Sir and all,
Nifty Week Bar Chart:
Click Here
Nifty Week Chart:
Click Here
Nifty DAY chart:
Click Here
Nifty Hour Harmonic Pattern:
Click Here
Good Morning Ilango Sir and Friends
TATA MOTORS High Volume breakdown: CLICK HERE
ha ha..good look..gm every bady
I like new look
Good morning Gurudev and friends
Satheesh mam good to see you
good Morning ALL !
I like this new look TX !
Now we can see images as per regular times.
Please sir dont change this look ; atleast for some days.
Ilango ji, arnd what lvl shuld i look to sell ?
Master ilango,
Hearty Good Morning and Best wishes for a Broad New look to the Blog.
regards
☺☺
Good Morning Sir & Blog mates,
Overall View for today:-
Nifty fail to cross 4995-5020 and fell to 4945. Now below 4931-4900 bears would try to take control.
Strong support area 4900-4880 is last hope for bulls.
Below 4860 bears will win the battle.
4900 - Major support for nifty. (First Sign of Weakness if broken this.)
4880 - Support area (One can Initiate Longs here with small SL )
4901-4931-4950 - First resistances to continue up move.
Targets after clearing resistances: - 4995-5055
4860- Trend will reverse below this.
4830-4789–Immediate targets after breaking trend reversal level
4860.
Changing your sentiments as per the trend from bulls to bears or vice versa is hardest thing, but the most required for successful TRADING. TRADING game is always against human nature,
Winning our own emotions makes our way to success easier.
Current Trend - UP with selling pressure on upper sides.
Trend Reversal: - Below 4860
Possible Movements:-
1. 4945< = > 4880< = >4931< = >4950< = >4995< = >5055
2. 4945< = >4880< = >4860< = >4830< = >4789
Two best rules for successful trading:-
1. Initiate position in the direction of trend near support & resistances.
2. Max stop loss - 30 points.
Happy disciplined trading to all.
Have a nice day!
Good morning Ilango Sir & all Blogmates,
This new look is Fresh & Excellent, Change is good....
Rgds
Saravanan
Master ilango,
The technical file is not updated on the right hand corner.
Thanks& Regards
good morning all
Friends today
is expiry and lets have a contest here.
May Nifty Expiry Guessing Contest.
The rules are simple- There are only 3.
a) Just call out the series close for may
b) No wild guess. A reason is must. Everyboday must give a expected close figure and reason for that.
no range (4000-4050) ,only one figure e.g.4000
c) You need to do it After 9.15 today and before today 2.30.
Seniors plz contribute.
Hi Ilangoji,
New look is not good to read.
Please do not mind, I still will be reading all the posts and comments all day.
Namaste Ilango Sir And All.
master,good morning to all.the new look is hitech.lost th eclassic feel.all the best.
Good Morning Ilango Sir and blogmates..
Illangi sir if LL nOt breakout so wht to do? Suggest me
GM master & to all my friends.
New template giving some problems to me .. the text box vanishes...
@PT: Sirjee.. or the bear or all bears... Due to your presence nifty could not even sustain 5005. Acha khasa chal raha tha nifty ke gaddi.. aur abhi aapne paiyye ko puncture kiya..
Is bache ko ruladiya aapne..
Please nifty ko 4930 ke upare expir hone dijiye ...
I have changed to this "only to get the chart & Tech Table" readable.
More finer adjustments to colour, etc., will be done later.
= = = = = = =
I have updated the trade table as per readers request.
Take care.
Good Morning Ilango Sir and all blog mates. Sir, liked the new look.
Pranams Gurudev.
Good Morning To All.
Sir new look giving strain to eyes.
Thank you.
Evening Star !!!
Namaste Ilango Sir and fellow bloggers.
The new look is appealing.
LV
Namaste beloved Master and all good friends
May the Lord bless us all with mental peace and prosperity
have a nice trading day
Sir,
One suggestion.
Kindly change the background color of your comments and replies, so that they stand out.
Thanks in advance
Good Morning Gurudev,
Good Morning Blog-mates
GM Master,
as per trade table conservative trade is to SELL below 4945.
But u advised filter at weekly pivot at 4897 i.e. Sell below 4877
Does i understand correct
Sir... any problem with nseindia.com ? icicidirect displaying wrong values for options, nseindia not displaying any value & same is with sharekhan.
Master going to open below JNSar-20 so sell recomended?
GM sir and friends :)
Sir - Feel little uncomfortable with the background colour. Super duper contrast black and white :)
Have a good day to all
regards
Good Morning Ilango sir and friends.
Sir you change the text colours and it will be pleasant.
Happy trading day to all.
Remember today is the expiry day.
@Master: Me too not happy with the change. Earlier template was better. I vote against this change.
good morning sir and all friends.
Good Morning Ilango Sir and Blogmates,
I also agree with Prabhat, this look is not "Feel Good Look",
Previous one was good as comapared with this one.
Good Morning.....................
@Ilango
Please reconsider the background colour...hurts the eyes to read
Namaste Ilango Sir and fellow bloggers.
what will be masterhi msg box colour now ( earlier we could spot green easily )
Good morning Ilango Sir and all,
Please revert back to the original settings once the issues are sorted out.
Expiry game????
Sir, as mentioned in the conservative it is sell below 4945. Should it be sell below 4845?. I am confused.
GM Everybody...
Again routine problem from NSE front as usual.How much and how long they will hold this market up and up by these types of tactics only God knows..but its not a good practice at all...
@Ilango sir
Am not able to View in Mobile version .. But as Said na "Change is Only Permanent"
@Ps
how to manage jnsar todays gap down? cover shorts at 4937? and long?
my vote for green
Yes..Ilango.. Simple White background with black font is always better and light on eyes.. More relaxing .. Please re consider..
@DR
Bank nifty DSAR and JNSAR triggered....is a filter prudent at this stage?
@Mynac: As per the OI is 4900 giving way? I am feeling that real value of nifty is to go below 4900 which might also dip in later session but since it is expiry, it might just be manipulated & lifted to expire above 4900.
@anmpatel
as sir said use figure of 4894/4887 since 4894 has held one can use today's low or 4887. always remember nobody on this earth knows or will ever know the future. keeping this in ur mind will give u
more confidence that u r not the only one confused
good morning master and all
good look given to the blog i liked it
The lines extend beyond the computer edge. Could not be read with ease. Better to have boxes.
LV
@Mynac
This is Really a very Wierd case ... To use Power to block the fall
Bloody People .. Give me the gun i will shoot them .. Let the Market
Work on the Dynamics of buyer and Seller and Price .. Why NSE interferes
Real time data charts available freely from NSE
http://www.nseindia.com/ChartApp/install/charts/mainpage.jsp
You can use this site to chart realtime and historical charts for FO scripts and equity scripts.
@Ilango @Jignesh
Expiry guess is 4947
nifty cash- hourly chart rise from 4830 to 5020. 38.2% retracement 4947
Dear Prabhat,
Since there are problems here from NSE front..so cannot see any thing except G Finance chart & rate value...And when these types of problem starts regularly...it is clear cut indication for a trader investor that "though it does not look or feel so "All is definitely not well" there.
MY VOTE FOR GREEN OLD IS GOLD
NIFTY movement showing that market near to day close, kya 3.15 baj gaye ??
mynac/PT - mynac do u think 2nd half may be down??? i really scary they may trap bears today and move up??? all the figures of BN/nifty/sensex exactly playing @ right place how long they will hold 4900?? BN holding 383/450 level will show sudden upside not ruled before any announcement of "blah blah" by TV . 16120/BN 383 taken may show downside upto 4850 level but will it??? becoz sensex low 16134
Dear PT,
Very true...Now a days NSE is controlling market...so they are invited here in expiry contest to quote their Closing expiry price..Only they are in a position to tell it too accurately..
@Sujatha
May be today a Bull Trap morning low is below 4800
in NS :)
good morning,seniors..
@PT
where did you get that figure from? my terminal
shows low at 4894.45 NS...please recheck at your
end
All Guys here, complaining about NSE, picking up guns and all, please note that what u see on screen contains all truth. My simple question to all is do u guys complain abt NSE and its so called "manipulation" when things go according to your way? At that time do you believe that price reflects all, yes all factors including strength of big guys? Then accept "price on screen" this time as well.
Wow,nice change
But how can easily identify master's post???
Master,
make your reply in pink
PT
Jaa Aish Kar chottey
http://world.guns.ru/userfiles/images/machine/mg12/m60e4.jpg
Good Morning Master and Copy to All
Nifty says ..I see all black black ..till Illango sir doesn't change the blog color ,we won't move ahead :)
@DR
Please refer to my question above
Dear Sujatha,
Only NSE people are in a position @ present to tell us... whether it will be up or down in 2nd..3rd ..forth half of the "YEAR" :)
Sir, again a C.T. on 2 min chart. ? ivth of C.
PT - 4800??? r u talking about premarket open or site is showing??? then almost nearby 2 weeks swing low then whole "scene" will change ??let us see "my intution says" some upside left let me see where it's holding if not holding @ that level then all is well for bears :)
Dear Sir,
Great new look.....also could you please arrange to highlight
your comment the way you did in old look (green colour)....this is
easy to spot your comment.
Thanks
Lack of Volume....may be due to Bharat Bandh or waiting for
GDP data ?
Friends today
is expiry and lets have a contest here.
May Nifty Expiry Guessing Contest.
The rules are simple- There are only 3.
a) Just call out the series close for may
b) No wild guess. A reason is must. Everyboday must give a expected close figure and reason for that.
no range (4000-4050) ,only one figure e.g.4000
c) You need to do it After 9.15 today and before today 2.30.
Filter is SL
20 points in nifty 50 points in BN
if one shorts Nifty @ 9400 his SL will be 9450
if mkt moves above 9450 he has to go long
Dear GaneshaSays,
"Then accept "price on screen" this time as well."
Dear friend we are not able to log in since morning to do "any thing"...so only we are complaining...
Indus
Replied
Lack of Volume ---- Lagta hain kya
Gore log ka gorakh dhandha to kabhi bhi chalu hoga
aj
I do not like the look at all as it is not legible. Earlier one was better. This is clumsy to say the least.
gm to everybody !
we are unable to copy the teachings of ilango sir , on word , which we are used to do. for further reference. in this new format , and want to see the colour of ilango sir's green box
Sir, if c=a*1.618, the target comes to 4860. Is it right sir?. Thanks.
Today nifty may end at 4954 the earlier resistence
@DR
Sorry...unable to locate or see your response.
Can I request you to repost? thank you
"Lack of Volume ---- Lagta hain kya" ??
Dear PT,kam se kam vo dekhne ke liye to scren par kuch ana chahiye ? :)Is vakt ham Dhrutarashtra hai....:)
PT, Good morning
where is this low which u have seen
@Parminder
Pre Market Opening --- But may be that has no Relevance :) ---
Lolzzzz :D Me to Ab Sanjay Banne ki soch Raha hun ---- Usme jyada paisa hain ab hahahahahaha
PT,
Tussi great ho.
u always see the unseen
greaaat
☺☺
Dear sir
Regarding BLACK colour ,is not aspicious
@sir
@JNFriends
JN May Series Close Contest
DR sir,
Can i enter in short now or wait??
master sir, the background colour is not good for eyes.. reading also very difficult. "old is gold"
G finance chart shows.. 5 min.34ema 4961.14 @ 9.15 AM and the way price is controlled so well... now @ 10.25 AM it has come down to 4925.60... so probably this "problem may go on for next 2 or 3 Hrs more,...to bring down that 34 ema bet.4910-20 to hold market above 4920 for rest of the day is guess..Chalo....AAj ka din to nikala :( girane se bache...
@Mynac: Today, to make matters worse, GDP nos also expected at 11:30 am.
good morning every one
Ilango Sir,
The old template was better ...
Morning everyone,
Developing 5DEMA which closes FLAT ysday, has turned DOWN now...
30mins T/F offers supports @ 4843-4847 & 4863-4868 zones.
Resistance is the 34EMA itself @ 4955
Cheers!
PS: Illango ji: Honest feedback - Missing ur green boxes.. this look is too dull, makes me sleepy, pls revert to Old format :-)
@ Jiggs,
My entry for expiry contest - 4925 - 10DMA,13DMA and just above Day LEMA.
ha ha mynac - u r right that's y i told PT that one upmove pending how it hold will decide there :) and may be bear trap also. y i am thinking always "ulta" pulta?? :D
Today nifty may end close to 4955 the earlier resistence
To jigneshbhai,
expiry 4949 5DEma and 13 DEma
also early resistant level
@satheesh
noted
LOLZZZ Sujatha
@Ilango
Update please
good morning all!
I would prefer the old look in the comment section, if given a choice.
My expiry guess @ 4934, close to 10ema.
Sir, the vth of c starts?
pl consider changing BLACK back gound to WHITE.
black font on white is more readable. [white font on black is used to highlight something. never for main text.]
Morning Sir & everyone... :D
Nifty below 5 DMA and JNSAR,
next level is 0.618% fibo retracement of rise from 4788 to 5020.
image ULTA please correct it.
Namaste Ilango Sir and JN Family
Re-posting Masters comments
IlangoMay 31, 2012 8:57 AM
I have changed to this "only to get the chart & Tech Table" readable.
More finer adjustments to colour, etc., will be done later.
@ master
tata steel giving any clue ?
This Comment is not removed by Author :)D
Sell sell sell... broken below master's 4887.
India Q1 GDP 5.3% y/y Prev: 6.1 FORCAST: 6.2 Mkt: 6.1
4887 broken!!
FY 12 GDP at 6.1 and Q4 GDP at 5.3
OK Acted down now upside??????????????
FARM Sector GDP at 1.7 v/s 7.5 ......this way their will be huge
shortage of food thus rising the inflation.
@Sujata,
Not yet acted... wait for the waterfall.
time to buy for filling yesterday's and today's gap??
gdp supporting final E
@gkm223,
Buying now is against the trend... just a caution.
Nifty going to close below 5217 [January high]. A threat to Bulls this year as per JANUARY HIGH CLOSE STRATEGY?????.
if nifty will go near 4990, good for me.
gkm223 :D
JNSAR to short hai na Bhai Log
Dear Jiggs,
Expiry at 4834. 15 day Cam L3
PT sir,
You are right... JNSAR is short and moreover Sir's conservative 4887 also triggered once... but currently above that.
But atleast JNSAR is short and so SL for shorts would be 4937 on NS.
ns may trade today in 50 point range
cosidering if lows have been made may trgt 4935 which may be very stiff res to cross today
my trgt for expiry is 4910...mid point of 4885-4935
@Ilango
Updates please
Master please delete this message if its uncalled and unnecessary.
I get a feeling... that what's happening now is the start of a capitulation... more bad news will follow in the months to come... and by October of this year, we may be all the way down to fill up the election gap.
This is just a feeling... I do not have any material substance to validate this.
Master please update.
Expiry prediction
4845
which is DH - ATR * 0.8
Thanks
Piyush shardha sir,
Is JNsar is short is short trade now?
yes,
JNsar in short
Sir please update JN blog please
expiry prediction at 4888
Prithvi,
SL for this JNSAR shart is 4917
@prakashbkc
jnsar is short
Sir
It has been observed by me that sometimes after breaking resistance price falls considerable below my stop loss and after taking support price rise above my stoploss level. sometimes I have to hold the position very long with anxiety. How to understand the support held or resistance broken correctly and take the bid accordingly.
Sir please spare some time and kindly answer my quarry.
ISLAND formed at 4911-4920 range.
dear sir
todays expiry at 5day ema 4949
Expiry guess... my guess --
expiry will be near 4930 DEMA.
Post your expiry guess also.
http://i50.tinypic.com/2rm5zsg.png 4877 the meditation number ahead
Is GDP data out ? Why market is doing chillar grind again ?
Aaj toh expiry hai ..kuch dhamaka hona chaiye
thanx piyush sir
May 2011
Intraday Closing
High = 5775.25 5551.45
Low = 5328.70 5476.10
446.55 points 75.35 points
May 2012 till yesterday
Intraday Closing
High = 5279.60 5086.85
Low = 4788.95 4891.45
490.85 points 195.40 points
Expiry closing may be around 4986.85
ie. Closing high 5086.85 - 100 points
NEW Post Done.
mynacccccccccc - 34 ema is very much near by will it cross and give 3-4 big candles jump???
Expiry guess : 4937
Reason : this being a expiry coupled with monthly close, the monthly levels are more relevant. The lowest bullish case possible as per monthly TT is LEMA @ 4937, henec a expiry at 4937
my target of this expiry @ 4935
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