- Nifty shows oversold with +ve divergences in most Hour TA and at oversold in Daily too.
- Trading & sustaining above 4937-Day pivot would be the 1st sign of intraday strength.
- Nifty shows a vth-wave completion from 5280 & failing to surpass 4995 in the first 2 hours could bring in the ending diagonal (watch out the Hour leading indicator for signals).
- If 4907 is the 3rd wave, the current rise would be a 4th wave retracing the 5280-4907 fall @ 5049-38%; 5094-50% or 5138-61.8%. And on completion of the 4th wave (should not breach 5161-1st wave bottom), the final plunge would get underway.
- Till 4750 is protected, "B" wave corrective scenario for the 4531 to 5630(A wave) rise remains and another upmove lasting 2-3 months would unfold.
40 comments:
Good morning..
Precise observations and clear directions... thank you.
Good Morning Ilango Sir and Friends
Nifty and Bank Nifty Analysis: CLICK HERE
Good Morning Master & Friends,
Namaste Ilango Sir & Blogmates,
Bears broke 4950 with a Gap-down for the day, but seems like they are losing steam as they were unable to use one of the worst IIP data to their advantage; Option Analysis for 11-05-2012
Yearly, Weekly & Monthly Profile Charts and Values
Duplicated at Wordpress Site
Thanks & Regards,
Sanjay Kr Jaiswal
Pranams Sirs,
Good morning to All.
Beloved Master Ilango
Namaste
Wonderful study. Thanks. I was about to pose the queries which are answered by you. Today’s PreMarket analysis is perfectly in consonance with the Nifty RoadMap (I refer to this Map every now and then) you have presented on 16.2.12. To complete this picture, Nifty should ideally move around the level of 5300 and then alone can plunge down to the level of 4000 or still lower. Hats off for your consistency!! May God bless you!!
Good morning Sir and all blogmates.
Namaste Ilango Guruji,
GOOD MORNING to YOU & to all members of JUST-NIFTY family..
Good morning Master and JN friends
Wish you a Great Learning and Earning session.
Good Luck !
Master ilango and friends,
Good morning to all
@master
good morning.
sir did you forget to send me the file?
anyway i found it in your TA. is it the same chart?
and is it possible to update hourly data automatically in your TT through Google or yahoo?
thanks.
Good Morning Master and blog mates.
@anmpatel
Yet to find a way to do it automatically.
Good morning Sir and all
Good Morning sir and friends.
GM all !
Ilangoji,
The target for falling wedge is around 4865-4895 as
mentioned in the pre market view.
How did you arrive at this number in terms of range? Is it based on e
retracing less than c?
a=5125-4956=169
b=5040-4956=84
c=5040-4906=124
d=4976-4906=70
e=4976-????=4865-4895** (in progress)
Thanks for your clarification in advance.
Good morning Gurudev and friends
Good Morning Master
good morning sir and all friends.
@ merc9000 ,
If it is an ED, "d" may be in progress presently.
If it is a simple 5-wave completion, it may have bottomed out @ 4907.
Holding "4920" is needed for the "5-wave completion scenario".
"Resisting around 4995" is needed for ED'd "d" wave completion scenario.
4947 is Hr JNSAR, exactly resisted there
Goodmorning sir and all :)
merc - 4865????:P i don't hv time to go 2 medical store for buying "lomottil" :( pls. show some mercy on me
Have a profitable week to all
GM sir and JNFAMILY friends
Mornign Illango ji & JN family,
Longs will prove hi probability ONLY wen we close for 2 hlf hrs > 4970 (34EMA)
Have a gr8 trading day :-)
Camarilla Key Levels
H4 4967 [BUY]
H3 4948 [SELL]
L3 4910 [BUY]
L4 4890[SELL]
Deae ilago sir
nifty broke the downward trending line in feb and
golden cross of 50 ema over 200 emal also occured
which suggest bull market. but now againreverse happened
5o crossed below 200 ema and came below the downward
trend sloping line which suggest again bearishness
how reliable is tech analysis??
Good Morning Master and Copy to All
lets start this week with a Beautiful Bhajan
"He Sharde Maa Sharde" "हे शारदे माँ शारदे"
http://www.youtube.com/watch?v=DK7kgAKZbpU&feature=related
describing the beauty and virtues of the goddess of
music, art and learning
and asking for her divine blessings.
Good Morning Sir, and all
Camarilla Intraday Update/Follow Up:
I am late today H3 triggered. Hope no one entered H3
SELL within 15 Mins.
So From NOW.
Scenario1
H3 4948 [SELL] (Valid Only if trigger again and Fall)
L3 4910 [BUY]
good morning,seniors..
Camarilla Intraday Update/Follow Up:
If hit H3 wait for sell with
technical indicators/Trendline.
Because if ORB (High-4955) Broken H3 is not valid
till confirming it technically.
afzala.com,MY OBSERVATION IS failed chart patterns
are more rewarding in whatever TF.
@ camarilla master
today u and master e in opposite direction...
durga
what do u mean
@ Julius sir,
Following Camarilla with you.
Today a sell at 4948 would be very small target as
4937 is pivot. It would be good if we skip this trade.
New Post Done.
Camarilla Intraday Update/Follow Up:
Now Scenario 2
H4 4967 [BUY]
H3 4947 [SELL]
SAR 20 Pts JNSAR filter.
Camarilla Intraday Update/Follow Up:
If some one SHORT H3@4948/4947
Keep Strict Reversal H4@4967(If hits).
Dont Wait for any confirmation.
Remember:
STOPLOSS is a healthy Part of the Day Trading Business.
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