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At 1.20PM: Aggressive traders may book partial profits &
re-enter shorts at higher levels..(Optional)
Friday, November 20, 2009
Nifty Update
At 2.30PM: If Nifty closes above 5012, Exit shorts. (Positional). Besides the expected WEAK Weekly close may not happen. Let us exit & review at week end.
********************************************************************
At 1.20PM: Aggressive traders may book partial profits &
re-enter shorts at higher levels..(Optional)
********************************************************************
At 1.20PM: Aggressive traders may book partial profits &
re-enter shorts at higher levels..(Optional)
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...
28 comments:
hello sir v shape recovery doest it mean uptrend or shall i enter short at this level(5020)
Sir,
What speed the nifty claimbing.Any news in parliament for stock market or any other thing
bala
hi Ilango, positional short ....hold or exit
Wow what a jump all shorts are literally zapped i think ..
Hi..
Whatever it may be, I exited when "5" waves got completed and advised too. I never imagined this kind of reversal..
Positional shorts remain.
Infact, I have resold in Aggressive now.
stops still at 5080 for positional...although, it looks finally bears could be all set for a move above 5100...
Hi Ilango
Thx for the wonderful tables.
I covered my shorts around 4948.Bought 5000 call at 39 sold at 73 and again shorted mini at 5062.
Regards
Akhl
Ilango sir, was this a technical jump or some news there like doller new lows?
Dear Sir,
Nifty has crossed first R1 of 5040..
should we wait for shorting it still at higher level??????
When original trend is reasserting strongly, let us not swim against the tide - No shorting now unless trades below 5010.
Very aggressive may short here with the day's high as a SL as a "5" seem to be over..A small trade..
Hi..Avinash,
I already sent the file.
you r right sir..........will wait for right signal
Dear Mr. Ilango,
Could you please send me the Spreadsheet at winjobs2020@yahoo.com
Rgds,
Vinod
Hi..Avinash,
Have a reasonable SL in any trade. "4925" swing low has not been breached and the prices have asserted the current trend again..
Such surprises are part of "Trading Life". But if we can put it all in perspective with both "Bull & Bear views", we can be better prepared.
Bulls waited for a pull back because of OB & got it at 50DMA
Hi Ilango,
Can you please send me the spreadsheet at srinivash@gmail.com
Thanks
Srinivas
Hi..Avinash,
In case it comes down upto 5020 NS due to intra OB, cut atleast part loss. With this price move TA has changed. However anything is possible at this juncture.
Hi..Avinash,
I had aggressive Trade short @ 5040 which was closed at 4945 when I counted a "5". And I was away with the confidence that I have my conservative short @ 5045.
Such sharp upmoves surprised me.
Aggressive reshorted @ 5045 and got stopped out @ 5058.
Exited my conservative short @ 5050. (Too late)
Hi, avinash ideal trade according to TA was
1. book ur short around weekly pivot@4935(also weekly ema5 was 4937, so that was much strong support) sl was daily pivot@5002 or 5010.
2. fresh short only below 4920(4925 5 day swing low as ilango said with sl 4938.
3. fresh long @4935 with sl 4920 (still continue with sl 5020,next wk pivot@5020 strongest support now)
3. now the market has changed the direction completely, above 5080 fresh longs for possible target @5105, next 5165. SL 5060.
HAPPY TRADING.
Markets prepared for gap up on Monday...lets see if US markets support the point of view..
Hi..Avinash,
Though I have explained my trade here, I will keep the Conservative short in the "table" as many may not have read the "advice to exit" sent out at 2.30PM. Conservative trade is for those who can not monitor the screen actively.
Hence, I will keep that short created @ 5045 with the SL @ 5080.
Hi Hemanta,
May i have ur mail id please?
BTW,
4. fresh long @5025(Weekly pivot on monday) sl 4995 on monday first target 5080, change ur target and sl according to daily after market update by illango.
Happy trading with our beloved illango.
Hi Hemanta,
May i have ur mail id please?
Hi Ilango,
How i can trade with your excel sheet? How i can find levels like "Hemanta"? Is there any software?
Hi Ilango
I have been following this blog for quite some time. Your reading of the market is excellent and correct.
Sir Could you please send me the excel file at ighosh15@gmail.com
Thanks a Lot in advance
ghosh
Ilango Sir, Thank you for service of guiding people intrested n stock market.
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