Wednesday, January 6, 2010

Nifty PreMarket View.

A profit booking opportunity & probably
a "Call writing" opportunity @ 5320-5350.


12 comments:

Rajandran said...

Sir Belated birthday wishes.


Regards,
Your Student
Rajandran R

fundooguysus said...

dear ilango
good morning
plz tell me what level we keep as sl for call writing between 5320---5350.

MD said...

Dear Sir,

Belated happy birthday...

Unknown said...

hi llango.
belated happy bday. wish u all the happiness and prosperity.


regards,
ankit.

bizagra said...

Hii Ilango sir, is it not the time to short nifty yet at above mentioned level??

Ilango said...

Hi..All,

Thank you all once again.

Hi..Dr.Saurabh,

You can keep a SL @ 5340 or 5350 & hold the written calls.

Hi..Bizagra,

You could do it as an aggressive strategy.

Anandan said...

Dear Ilangoji...

Belated Happy Birthday... wishes.. Your good work should benefit 1000's of small investors / Traders...
It seems Nifty will break today from 5295.... Possible down up to 5260..

Thanks and Best Regards.
Anandan.R

Piyush Sharda said...

sir my close low and high according are 5288,5242 and 5278. my pivot for tday is 5269 slightly different.how to resolve it pls tell

Ilango said...

Hi..Anandan,

Negative divergences has been noted in quite many stocks but at the same time some individual stocks show strength too.

Depending on this correction, we can assess the future scenario.

Hi..Piyush Sharda,

I will send you the recently updated file. Check it out.Its possible some highs & lows could be incorrect due to gap ups & downs. I take the actual traded data.

satheesh said...

Ilango sir, will it be helpful to get a realtime data feed service like metastock or amibroker etc., or will the yahoo/google charts + the intraday charts and daily charts provided by my online version will suffice? kindly guide!!

Ilango said...

Hi..Satheesh,

You need to be really experienced to handle the realtime price fluctuations.

Once a trend is established, trade the trend till some OB & -ve div, etc. During this period, the intra movements can shake you off your positions.

True TA comes out in the Close prices.

Only if you feel that you need more info., go for those live feeds. Even if you opt for the live feeds, use it discretely...on those critical days.

satheesh said...

Thanks for the explanation sir. I shall act accordingly.

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