Ilango's frineds have gone on holiday with FIIs ?Surprising not to have comments. All got busy with money making in raising market may be !!! S Rajagopal
As you are new to the market, I would suggest you to study about the market first with the help of Technical analysis and other studies available in various links in this blog.
This studying should take some time. When you feel you have a grasp of the workings of the market and confident with your studies, you will then employ your money with your knowledge and make them work for you.
Till then, do not simply speculate because you see others making money.
This is a ocean of opportunities and they will never cease. You can come here anytime and opportunities will present themselves to you in plenty. Foremost important is to learn the "sailing(Trading/ Investing)" part of this ocean.
Disclaimer : My own view. I know many of you tech-puritans will pounce on me for expressing myself. I am in awe and appreciative of Ilango and all his blog-mates for their analysis/understanding and efforts to unravel the NIFTY myth. But read my view as a week end trivia.
W G Grace, Geoff Boycott, Sunil Gavaskar and Rahul Dravid – Team A. Sir Gary Sobers, Sir Vivian Richards, Sanathy Jayasurya and Virender Shewag –Team B. (There is a Team C – Sir Donald Brodman and Sachin Tendulkar).
All of you know the above are cricketers. Further a. All are batsmen. b. All have played for their countries with distinction – in fact – almost legends. c. All have played 100 or close to 100 tests. d. All have scored above 7000 test runs. (may be Viru on way). e. All have a batting average of 50+
They have all scored runs in tones. They have all got out also for a “blob” to “centuries”. They got out bowled, lbw, caught behind, caught in the deep, hurt retired…
Then why the teams ? If you look closer, you will identify the Team A as technically correct batsmen.(Puritans) Team B – “zone players” (Blasters)
Moral of the story ? You need not be technically perfect to be a successful batsman.
Many of us drive cars. To drive a car it is enough to know the position and use of the steering wheel, accelerator, clutch and the BREAK and the road rules.. May be just learn to change the tyres. Is it a must to know to repair the engine to be a driver ? We have the engineers for that.
What am I trying to say ? leave the technicalities to the technicians. Concentrate on the ball and score the runs. Look at the traffic and drive your car. Don’t be too concerned about where your toe is pointing, where is your right shoulder – just keep your head steady. Read/observer/understand and exploit the technical views and advise. Don’t try to become one. We lesser mortals are not designed for multi-tasking. Leave the TA to the experts.
Do you agree ? (oh.. by the way there is a Team C above – the Don and Sachin – these are the only pure-technically correct batsmen but Master Blasters. Our Friend Ilango is in Team C – but exceptions don’t make life).
We require the concentration of options for figuring out that.
As per TA, its in uptrend as of now and likely to remain so till expiry. Once 5185 is cleared, there could be some pull back. We will take it day by day.
as per the options 5200 call is still the highest with 5000 put also the highest. One query here sir, because yesterday all the averages were taken out so fast in the upmove, has it happened in the past or a possibility that they will be retested one more time ?
I use option pain to identify the expiry. at the moment it is 5000 but will shift to 5100. So we can expect expiry around 5100. I tested this method from june. Only in oct it failed (remember oct last week market fell 10%). Let us check this month.
Monday is holiday for equities. See the below link http://www.nseindia.com/content/equities/eq_holidays.htm you might have seen the link under Debts link.
why do you say its 5000 pe because of the huge oi of 64 lakhs but then 5200 call also has 71 lkakhs oi, is this how you are assessing or some other method ? pls explain
the divergence method worked.... in 5 das chart...there is a -ve divergence and when he macd histogram goes below 0 the correction will start. check it urself in http://realtimeniftychart.blogspot.com/
Hi, Rajagopal excellent view, we r not team C (like ilango sir) but we must try for team A :-) ilango sir is here since 1992. we can not read charts like him. It is not possible. We can only be successful in early yrs if we follow a system, The fact is: After more than 1 yr paper trading successfully, many one make huge loss when enter real market. why? bcoz they paper trade with mind, so when real money involved emotions effect them. In papers u never loose ur real money.
But if one can paper trade with a system like ilango sir's system low ema 5, high ema 5, or pivot system or camrilla system or any diff ema cosssover or other indicator and select ur time frame then u r out of emotion.
Then when u r in real trade, it is ur system not ur emotion. Then may be u r in Team A. :-)
27 comments:
Ilango's frineds have gone on holiday with FIIs ?Surprising not to have comments. All got busy with money making in raising market may be !!!
S Rajagopal
hello illango sir;
i am very new to this blog and new to market.
i want to know how to start trading.
can we buy nifty spot or only nifty future we can buy.??/
sorry for silly question.
@ Jayakant : "Always start trading with these" (which is in right side top corner of this blog) Please read all the seven before u enter into market.
If u want readymade call he will guide u. All the best.
Regards
can we buy nifty spot ????
@jaykant
you cannot buy nifty spot directly, but can buy the nifty future which is nothing but the derivative of the former.
Jayakant, dont spam the board with ur silly questions, pl read the blog fully before shooting questions.
ilango sir, what would be the expiry for this month any views on that.
okey saravan. i will go through the "always start trading with these" section. thanks avinash for your reply
Hu..Jayakant,
As you are new to the market, I would suggest you to study about the market first with the help of Technical analysis and other studies available in various links in this blog.
This studying should take some time. When you feel you have a grasp of the workings of the market and confident with your studies, you will then employ your money with your knowledge and make them work for you.
Till then, do not simply speculate because you see others making money.
This is a ocean of opportunities and they will never cease. You can come here anytime and opportunities will present themselves to you in plenty. Foremost important is to learn the "sailing(Trading/ Investing)" part of this ocean.
Wish you all the best.
Disclaimer : My own view. I know many of you tech-puritans will pounce on me for expressing myself. I am in awe and appreciative of Ilango and all his blog-mates for their analysis/understanding and efforts to unravel the NIFTY myth. But read my view as a week end trivia.
W G Grace, Geoff Boycott, Sunil Gavaskar and Rahul Dravid – Team A.
Sir Gary Sobers, Sir Vivian Richards, Sanathy Jayasurya and Virender Shewag –Team B.
(There is a Team C – Sir Donald Brodman and Sachin Tendulkar).
All of you know the above are cricketers. Further
a. All are batsmen.
b. All have played for their countries with distinction – in fact – almost legends.
c. All have played 100 or close to 100 tests.
d. All have scored above 7000 test runs. (may be Viru on way).
e. All have a batting average of 50+
They have all scored runs in tones. They have all got out also for a “blob” to “centuries”.
They got out bowled, lbw, caught behind, caught in the deep, hurt retired…
Then why the teams ? If you look closer, you will identify the Team A as technically correct batsmen.(Puritans) Team B – “zone players” (Blasters)
Moral of the story ? You need not be technically perfect to be a successful batsman.
Many of us drive cars. To drive a car it is enough to know the position and use of the steering wheel, accelerator, clutch and the BREAK and the road rules.. May be just learn to change the tyres. Is it a must to know to repair the engine to be a driver ? We have the engineers for that.
What am I trying to say ? leave the technicalities to the technicians. Concentrate on the ball and score the runs. Look at the traffic and drive your car. Don’t be too concerned about where your toe is pointing, where is your right shoulder – just keep your head steady. Read/observer/understand and exploit the technical views and advise. Don’t try to become one. We lesser mortals are not designed for multi-tasking. Leave the TA to the experts.
Do you agree ?
(oh.. by the way there is a Team C above – the Don and Sachin – these are the only pure-technically correct batsmen but Master Blasters. Our Friend Ilango is in Team C – but exceptions don’t make life).
Happy Christmas !!!
-ve divergence with macd histogram reaching 0. ma expect 20 to 30 ps correction.
Hi..avinash,
We require the concentration of options for figuring out that.
As per TA, its in uptrend as of now and likely to remain so till expiry. Once 5185 is cleared, there could be some pull back. We will take it day by day.
One method gives us a target of 5300+.
Could someone tell me when is the expiry??
as per the options 5200 call is still the highest with 5000 put also the highest. One query here sir, because yesterday all the averages were taken out so fast in the upmove, has it happened in the past or a possibility that they will be retested one more time ?
ilango sir, seems market is open on monday
Hi..Avinash,
In uptrend, the corrections can be in the form of a sideways move allowing the averages to catch up with the prices.
Yes this link says http://www.nseindia.com/content/debt/debt_holidays.htm monday working day for market
Hi Avinash,
I use option pain to identify the expiry. at the moment it is 5000 but will shift to 5100. So we can expect expiry around 5100. I tested this method from june. Only in oct it failed (remember oct last week market fell 10%). Let us check this month.
Hi
Monday is holiday for equities.
See the below link
http://www.nseindia.com/content/equities/eq_holidays.htm
you might have seen the link under Debts link.
regards
hey vinod,
why do you say its 5000 pe because of the huge oi of 64 lakhs but then 5200 call also has 71 lkakhs oi, is this how you are assessing or some other method ? pls explain
the divergence method worked....
in 5 das chart...there is a -ve divergence and when he macd histogram goes below 0 the correction will start. check it urself in http://realtimeniftychart.blogspot.com/
Nifty fut fell from 5162 to 5140 in 10 mins...
hi avinash,
download options oracle software..is free. u can get option pain value.
google about option pain or max pain.
give imporance to opion pain only during last 5 das b4 expir....market tend to go 2wards it.
Hi, Rajagopal
excellent view,
we r not team C (like ilango sir)
but we must try for team A
:-)
ilango sir is here since 1992.
we can not read charts like him. It is not possible.
We can only be successful in early yrs if we follow a system,
The fact is:
After more than 1 yr paper trading successfully, many one make huge loss when enter real market. why?
bcoz they paper trade with mind, so when real money involved emotions effect them.
In papers u never loose ur real money.
But if one can paper trade with a system like ilango sir's system low ema 5, high ema 5,
or pivot system or camrilla system or any diff ema cosssover or other indicator and select ur time frame then u r out of emotion.
Then when u r in real trade, it is ur system not ur emotion.
Then may be u r in Team A.
:-)
hey vinod,
thnx 4 da link. but do u have something particularly for nifty. Would be great if can provide the download link.
hi avinash,
download the s/w from
http://www.samoasky.com/
"NEW post" - posted.
Hi..mash,
Expiry is on 31st Dec. Last Thursday of the month.
hi
Vinod Dhandapani
how can i get the option pain or max pain. i tried in google but not able to find it.
thanks
justin
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