At 8.55AM: For PreMarket view, read the EOD analysis..First session may hold 5080-5120-5130 and then fall down to 5070-5060-5050.
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I am wishing to share the file that I use for TA study with all my readers.
It combines the Tech Table & Pivot points as well as a simple study of macd(fast-5,10,9 & Slow 12,26,9), stochastics(fast-5.D & Slow-14.D), candle analysis which are sufficient to take trading decisions.
Also it has three time cycles: Week, Day & Hour.
Give weightage to the higher time cycle & trade until the lower cycle nears OB or OS & start to develop divergence.
1.Charts are set for 400 weeks, 400 days & 400 hours. Every week or a month, adjust the data manually . For eg: If you need to add 40 days/hours, copy only from 43rd row "b,c,d,e-columns cells" and copy up to the last day/hour & more 50 cells & paste them on the 3rd row. Now clear the formulas in the last 40 rows.(Do not delete in the "Data" sheets anything).
Once you try to implement it, it just takes a minute of your week end time.
2. When ever the price exceeds your chart frame, click on the axis side and key in the price range in the minimum & maximum slots.
3. These charts are not special but very clear & crisp but it helps to experiment on the effects of a price change in the next hour, day or week by keying in the new imaginary rate.
4. You can use this file for your stocks as well as for other index too.
This is no magic file but it helps if you are consistent. I am always available to assist you in using this file, in case you have difficulties.
Send me a test mail ( vanilango@gmail.com ), I will send them to you.
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...
54 comments:
Thank you very much Sir.
Dear Illango, Thanks for your guidance, every day I use to view your webpage atleast 4 times, Can you please add SCO values on day today basies on Nifty moves.. It may help real time over brought and over sold...Send me your file to my gmail account : anandan777@gmail.com
Thank you very much for sharing TA File
Regards,
Tushar
Dear Ilango,
I am grateful to you for your super teaching efforts. Thank you!
Warm regards.
r m
Thank You very much sir.
Few days back one of my friend asked me he wants to learn trading, my answer to him was visit "Just Nifty" blog and read all the posts and comments.
Yes, I have made right suggestion to him.
Thanks Ilango- great selfless efforts.
Thanks
Ravi
ilango sir do u think it is better to close longs and go for shorts@5125-30 lvls???
Yes..mano,
for trading only..
Sir then what could be the SL levels for positional long?
please send me the file ...
my email id songainnatesh@yahoo.com
Hi..Satheesh,
It depends on your entry price. If you have gone long closer to the lower part of the trading range of 5080-5180, then keep 5040 as a SL.(Week ema). If it is above 5130, then keep 5090 as SL.
In this range of 5050-5080 to 5160-5180, buy near the lows and sell near the highs till definite TA set up emerges like a + ve div or any significant price patterns.
Yesterdays low of 5090 i think once that is taken out there will be some momentum towards the 5050 level.
thank you sir
SIR,
This upward journey of market starts from 8th Dec.2009.when market unexpectedly moves from 5090 to +5150 with a big volume. From that day market is reluctant to go below 5090-5080.A lot of put-call writing game is responsible for this kind of move. bulls will obviously try to keep the market up above 5100 and bears will try to push it down below 5000.But this 100 Pts. movement is going to break in coming days soon still on either way. let us hope for better.Still the conditions are favourable for Bulls.
5200CA and 5100CA added 1.7L and 2L in OI..... where as 5100PE added 2.6L and 5000PE added 2.4L in OI.
Bulls look desperate to save 5090-5050 now, but 5200CA total OI @72.2L does not suggest we will have 5180 taken out soon.May be today some late afternoon try to break 5050 is on the card.
dear sir plz send me file dare44uu@gmail.com
This is the lower part of the range to go long with a small SL.
Break of 5090 will lead to 5050.
Ilango, do you mean break of 5090 Spot or future?
always spot :)
There is a mild +ve div in the "Yahoo 5-day intra chart".
http://nsetracker.marketcalls.in/
Hi Ilango,
Do you know what is the setting used in yahoo 5 day chart for MACD,SS,RSI and W%. Right now i am using 9 26 9 for mACD, SS 14,3, RSI 14 and W% is 10. Both are giving two different signals. Can you pls give me for some input.
Regards,
Vijay.v
hi ilango
u r right +ve divergence seen in 5 min chart but nifty spot break the five day low 5084 ,i think we take short position with sl 5130 high of day,if nifty close below 5084 we can carry position .( i remember nifty still in a range ) .
thanks for sending new file.
Amrender Gill
Got your TA file Thanx. Busy/Travelling - didn't see your update so far during the day. Just a few words if possible pls....
Positive divergence seen in 5/10/15 minutes charts. Also the momentum for any serious downfall is missing even after breaking the low of 5084. Perhaps long with a tight SL could be taken.
I've been busy sending the files.
So far it has played out the 5080 to 5120-5130 range in the first half. Noe a decisive move on a break of 5080-5095/5100.
information:SAR has given sell signal but also nifty spot has not brken its todays low 5080 ...
plese send me the file my email id rahulvarad@gmail.com
Thank you for the file sir.
Sir now if we go long will the stoploss be 5050 for positional?
Thanks for your views. As all the pundits say "Go with the market" - I am with it. Keeping both longs and shorts floating. Waiting for the whistle to blow any one side.
Warm regards,
S Rajagopal
It looks clearly heading to 5015 to 4980 zone.
Sell on intra rises.
HI SIR CAN WE GO LONG @CMP
If the weekly ema (5040-5060) gives a support, a bounce is possible but only with a strict SL of 10-15 points.
how much it can bounce
sir i am long at 5115 plz tell me whether nifty will boucne today or tomorrow to that level or not
hi mojib
if nifty can close abv 5080-90 lvls then it can gain momentum
Strange that NF is still holding onto a premium after breaking crucial support at 5080 (20 day SMA).
HI..MOJIB,
Corrections are of many kinds and they are quite difficult to predict.
If Bears want to do damage to bullish TA, they need to break 5040 and close this Friday below it. So what I expect is a tussle around this area.
Nifty fell sharply during intra on all three days since Friday.
This is the reason, we follow the Tech table which confirms the weakness & strength.
Only a move above 5096 will bring some strength as of now.
Below 5050, it will fall to 5015 & lower..
it has taken support at 5050 so how much it can bounce today
5075 is a good resistance.
Hii Ilango sir, i m having no position at the moment, sud i enter positional longs or shorts for tomm?
now 5100 CE starts adding more OI...so we have now 63L on 5100 CE and 73L on 5200 CE...meanwhile 5100Pe OI has eased and 4900 is building up...so a gradual shift is visible..
hi all
finally nifty break the 15 day range
we can easy to hold short at 5100-5084 , short term trend turn down.
Amrender Gill
DEAR ILLANGO
pls forward the TA excel sheet to mashaviator@gmail.com also..
So finally bears taking control. But with such fall( I consider 1.42% to be big), expecting some bounce tomorrow(may be till 5050-5060). Also 5000-4980 will be hard to break, 56L OI in 5000PE.
My position now long in DEC NF @5022 and 5000PE @70(bot yesterday). NF:CA ratio 1:1.
Will look to add more PE if 5050 provide resistance on the bounce.
Ilango sir, the quote by Jesse Livermore on right hand column is great.
Thanks a lot for sharing your TA file
Hi Prosenjit & IIango........but I see huge liquadation in 4900 PE today to the extent of 5.6 l and with vigours writing of 5000 CE. Does that mean 4900 might not hold in the ongoing fall while 5000 acts as a cap ?
Also, I see 1.6 lac liquation in futures as well at EOD. How can this be intrepreted given the above scenario ?
Plz clarify.
HI Ilango,
Thanks for knowledge sharing, please share TA file. My Mail id is d.panduranga@gmail.com
Warm Regards,
Panduranga
sir, i was a regular visiter. But due to some personal matters i was out of station for two days.can you please send me your TA file to thulasimdas@gmail.com
Hi Ilango,
Thank you very much for your TA file. I was long at 5070, but not able keep the stops..:-(.
Please let me know whether i get out or hold till friday..
sir, can u please send me TA file to sshankarmudaliar@gmail.com
Hello can you send me your TA file
pjz1607@gmail.com
Thanks
Cooltechnocrat
sir, can u please send me TA file to rekha867@gmail.com
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