Wk.pivot @ 5664/ Mth.pivot@5673 are the supports.
Despite the gap up, Nifty held onto the first hour low,5683, throughout which is another support.
Holding above these during the correction for the hour TA would keep upward bias.
A move past 5726-R2/ the prolonged trading range's upper resistance would give momentum.
Keeping below 5726(For BN 11545 or 11600), there would be correction for the day.
Trade accordingly.
Despite the gap up, Nifty held onto the first hour low,5683, throughout which is another support.
Holding above these during the correction for the hour TA would keep upward bias.
A move past 5726-R2/ the prolonged trading range's upper resistance would give momentum.
Keeping below 5726(For BN 11545 or 11600), there would be correction for the day.
Trade accordingly.
30 comments:
Good Morning, Ilango Ji
Good Morning Ilango Sir and Friends
Nifty Chart analysis: CLICK HERE
gm dear sir, senoirs and all freinds of the blog. wow sir what a clear, precise and simple premarket analysis
R/Ilango Sir Namaste n Namaskaar 2 all reader's.
Good morning Ilango sir & all blogmates.
GM Everybody...
@Master Mr.Illango,
I wonder there is no Label available in JN blog for Fibonacci Trading except 80%
!!!
Sir
Nw analyis
ABC zz correction over ending at 38.2 of pricewise of the impulsive five from 5217, and 90% time wise. THe correction took prices just below the 4th wave which is the minimum correction in a extended 3rd impulse.
in the ABC, Time wise B was 2.618 of A and C. and A=C.
importantly nifty bounced impulsively from the end of C breaking the downsloping 0-B TL.
so region around 5657 becomes a good buy point with 61.8 at 5640-47 a good SL.
Namaste Sir and all friends
have a nice day of trading
TO BE READ AS
region around 5657 (jnsar) becomes a good buy point with 61.8 at 5640-47 a good SL
Dear Ilango Sir,
Could there be expanding triangle in wave B and Wave C still pending in NIFTY......
Since 31st Oct.oversold Hrly.data helps Bulls for come back...
Today..Shall it hope & helpful for Bears?
GM Master, seniors & blogmates,
Master, How u concluded Fast rise in day chart?
Namaste Ilango Sir & all members.
Sir ILango ji and everyone good morning
Good Morning Master and Friends
Good Morning Master and copy to All
Almost 2 lac O.I.addition in 5700PE in first 10 minutes
Good morning master & JN family
Have a nice day !
Morning Master & JN Family
Week leading up to diwali , cant wait to see how it pans out, trailing for now wid 5DEMA :-)
Have a gr8 trading day!
cheers
Click Herefor ATR based trading signals.
Buy Zone : From 5668.7 to 5654.2
Breakdown below : 5651.3
Breakdown target : 5606.05
Sell Zone : From 5726.7 to 5741.2
Breakout above : 5744.1
Breakout target : 5780.05
NF hrly: 21HRSMA crossover on 34HRSMA has occured on 2.11.12 itself. may this give confirmation today.
Dear Master has projected a target of 6000 marks (5th wave) on weekly chart.
@ Julias,
Fibonacci Trading
Golden Ratio
besides 80%.
Good Morning Sir and dear friends.
Thank you Sir
My Dear NEVER GIVE UP
Autobiography of a Yogi is not just another book made of paper. it is living MASTER YOGI communicating to a student. that is my feeling. you can have yours
Is it a bear setup on stochastics in 5 day 5 min nse chart ?
New Post Done.
Dear Parimalji,
I have read 'Autobiography of a Yogi' a few times in last 20 years. simply a masterpiece.
Regards
Suraj
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