Monday, December 21, 2009
Nifty closer to 4900-4925 supports.
I do not wish to change the "Conservative Trade" recommendation during intraday. As this is mainly for the benefit of traders who do not monitor the market live and also not visit the blog during the day, "Entry & Exits" will be indicated only in the Pre-Market Views and no changes will be made during market hours. However, the levels for trading will continue as well as "Intraday updates".
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...
6 comments:
ka,
In the morning I said not to go by 5000PE 5L+ addition. I also said it can be -10L in OI day end.See at day end 5000 put shed 9.25L in OI.
Ilango sir it looks like europe and US will be in green, also hangseng after falling below 21000 may recover tomorrow morning. I can think of some recovery in Nifty but above 4980 may be ruled out.
Please comment.
Thanks a ton for your 1st paragraph and request you to continue the same.
Thanks in advance and regards
Good evening Sir,
It would be helpful for beginners like me if you could give an explanation of "Methods to interpret and use the charts" given by you in the nifty analysis table. Also Can you give me an URL where we could get all the hourly data of various stocks?
Ilango,
Thanks for all the effort you are putting in to educate all of us. Could you please explain the various colours you use in your Tech Table both for shading and those used in the fonts.
Thanks again.
ilango sir,
thanks for your efforts to educate all of us. sir, please can you give a one or two line discription with charts you posted with nifty analysis. actually i cant understand what the charts try to say. also how to watch the tech table and what is the meaning of diffrent colours, is also a big puzzle for me. kindly explain whenever you want.
thanks and sorry for request
sanjay kaushik
Hi..Prosenjit,
This settlement has a high low @ 4807 to 5183 and 5000 happens to be in the middle.
We have a weekly sell in place and due to daily oversold nature, market may do a fight back in this week..
Nifty was brought down to 4944 below 5000 by 56 points and now the bulls may attempt to take it above 5010(5 day ema), 5025(5 week ema) and to 5042 - last week's tussle area & this week's pivot and may be a bit more depending on the strength left.
38% retracement for this fall comes @ 5034.
50% retracement for this fall comes @ 5064.
The last leg of this 5 wave fall happened from 5064 on 17th Dec. which may be attempted to retrace in quicker time for a trend reversal. And if 5064 is not retraced in quicker time(16 trading Hours), downtrend will be intact.
So we play this upmove in a "Three wave(abc) form" and then Sell.
Best regards.
ilango
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