Nifty has taken support at "4786" mentioned in the Pre market view..
It should go towards the Pivot of the day 4878 "ideally"...
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...
15 comments:
Hi Ilango,
You mentioned tht it will take support at 4786 and bounce back. After bounce it will fall below 4786. This fall below 4786..are you expecting today or in this expiry or when....Asking so that I can take position accordingly..
Thanks in Advance...
Hi..Prabhanshu,
4850-4860 is the first resistance zone above which the Pivot 4878. A selling may emerge around here as trapped bulls will try 7 exit at every rallies..It can happen in the next hour or two..
Hi Ilango sir, both aggresive and conservative traders will be short in 4850-80 range?am i correct?
HI..LLANGO
NIFTY BUY AT 4810..STATUS SUP OR RSE
Yes..those are the levels for the immediate next 2-3 hours.
Sell @ 4850-4880..check the intra charts.
Cover shorts below 4784 @ a suitable level (check again the intra charts)
hi..llango sir daily your messag iam watch..
Hi ! Ilango, I always miss the trade somehow ! Missed this one also, excatly in the mid point, The thing is I dont access Gmail through the day but access kapil.chopra@airtel.blackberry.com, how do I get your valuable messages !
Cheers
Kapil
Hi..Kapil,
I want you to tell me how you have installed "SUBSCRIBE VIA EMAIL" in your blog. Let me know the steps you have taken.
I will add your email id and lets see whether you get the posts on time.
Current month put call ratio 0.94 4800ce oi +13 lacs
hi sir plz comment and idies abt bank nifty
Ilango sir, can i short here as a conservative trader or wait for some more time??
Dear Ilango
I would like to know whether ICICI has completed its correction and heading for the upmove.
What are the nodal points?
Shankar
Hi..rajamani,
If 4800CE has added 13 lacs already, "big guys" would prefer ot to come back to 4800 to take away whole of that premium..
Hi..Alpesh,
Bank Nifty is the weakest. Hence, when ever nifty turns down, this will make another low.
8850-8875 is the resistance and if 8600 intra support breaks, it could go towards 8400 or lower. Trade accordingly. No adventurous longs...Only trade ups & downs with a negative bias..
Hi..Bizagra,
Pivot 4878 & R1 4926 are the areas to sell.Above 4900, quite comfortable to sell..
Hi..Shankar,
Icici Bank seem to be nearing its lows for the short term and it will bottom out around 780-800 for a short term bounce. As long as it stays below 886, it continues to be weak.
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