A " 5000" close today will confirm a weekly sell signal.
So expect a good fight at "5000"...
Weekly fast macd is turning down with a severe negative divergence.
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I was disconnected for a while.
I am slowly buying some 5000 puts here. Upsides upto 5065-5070 in an ideal situation. How's the reality going to be..
Yesterday's initial lows of 5025 finding it difficult to hold..
Retracement strategy, a must for traders.
Trading strategy that works wonders besides the supports & Resistance is " Retracement strategy ": The strategy that has wor...
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I 'll always be there for you. To make you feel that you're secured. And even if the rain is pouring hard and the sky is almost dark... -
5010-5039 supply zone proved a ST resistance. 5002 proved a break down point. 4945 to 4982 proved a corrective rise, monitored with an ... -
Trading strategy that works wonders besides the supports & Resistance is " Retracement strategy ": The strategy that has wor...
13 comments:
hi ilango ji
puts of october or november?
regards
rajamani
Hi..Rajamani,
It is of October.
You can write some November calls with big Premium.
mr.ilango,
so nice of you on perfect updates..tks on behalf of fellow followers...
holding 5100ce@74..is there any chance today for 80-85 levels to exit..
i hope you are talking about current month series on 5000pe
thanks
krish
hi Ilango,
I am having october calls 5100 right now in small loss.. Should i wait or square off?
Abhijit
it was problem on blogger and it was faced by many.
Ilango sir, as an aggressive trader i m long for a short trade, if comes down, can we reverse from 5005 levels?
Today's Nifty high close to 5050 was almost a 38.2 retracement of the fall from 5180 to yesterdays low. So perhaps we may have not further upsides from here. I would think not being able to do even a 50% retrace should be considered a further sign of weakness.
Hi..All,
I am not comfortable holding longs till a bottom formation.Daily is getting closer to "Oversold" but not there yet. It is really dicey right now. At such times I stay with the short term trend which is down.
Calls are risky. Inspite of world mkts we are not able to capitalise. Till our TA becomes OS, down move for some more time..
Hi..Sridhar,
You are right about that weakness.
Our markets made the top much before world mkts.
Sir,
I have taken a counter positon (5100 call and 5000 put). Is it appropriate to hold on to this position(total premium 75)
Hi,
The market seems to be poised for a deeper correction this time notwithstanding good corporate results and postive global cues. Our market has topped out before the world market. The upside is capped at around 5200. We may witness a sharp correction now as no more good news are expected in near future and inflation is acquiring ominous proportions every week. The agricultural production may also see a significant dip. We may be headed toward 4800 kind of levels.
Hi..Prashant,
The seed of this rally was sowed in "Bad, Bad news" and it will be harvested with supposedly "Good news"..
Close your puts around NS 4910-4930 area..
Hello Sir
Do you recommend fresh shorts @ this level.
I am sitting out right now.
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