with the upper range trading(5230 - 5290+) in the next two days..,
before taking a firm direction.
Bank Stocks are at their critical supports for a reversal..
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...
19 comments:
I have noted the following important figures on the screen wrt Nifty>>
5150
5200
5225
5230
5240
5260 (pivot)
5280
5290
5300
5310
5320
++
Will "try" to trade accordingly. or maybe sit out and watch them come and go for some days. :)
hi ananddan,
I took Rcom on ur advice @177 and today it is rocking ...given target is achieved.. its @191 now..
Thanks
Ilango sir, I am holding short taken yesterday at 5266, shall I hold the same with stop at 5290NS? Pl reply as Nf is already below 5260.
Dear Ilango and friends,
Good Morning. Anandan thanx for RCOM info. You were first among the trend spotters. One thing, we all accept/understand existence of disclaimer by default.
Regards,
S Rajagopal
hi..i think for yesterdays low it is coming at
5233.5 but in your tech sheet it is coming at 5244. I comfirmed on the NSE exchange site also. please tell me correct one. It is showing mismatch in pivot and onther levels. sir.
waiting for your reply...
Hi Dare / Rajagopal,
Thanks for your words..
When I see the ChartNexus and also Mr.Illango's Excel Sheet.. Study on SOC values.. & I am maintaining.. each stock Excel sheet for finding out Overbrought and Oversold status..
Accordingly : Rcom Buy call given... & yesterday and today stock on up move...
I don't have any intentions on my Buy Call..
& I don't have any positions..
For Next few day.. BUY : HUL and ITC .. It will move about 5%.. But needs to await till 20th of this month..
Thanks : Anandan.R
hi.Analyst,
Nifty gapped up at 5252 and then made a low of 5244 in the afternoon yesterday. This is the correct data.
NSE always has the previous day's close as a tick..It upsets the low/ high ema calculations for better accuracy.
Hi, Guys,
If anyone wish talk about RIL.. I suggest to go short on this SL : 1140.. or BUY : 1110 Put at round 19..
Target : for PUT : 25.. Thanks. Anandan.R
Anandan,
Don't take risk with RIL at this levels. It is not low priced or over priced - break out is very much possible. Even Ilango has been highlighing +ve break for the stock. I can understand intra-day high retracement, but don't risk.
Thanx.
Regards,
S Rajagopal
Anandan,
Many thks for the Rcom Call, as you are suggesting HUL and ITC can I buy ITC 255 call?
Hi Arvind,
Yes, you can try 255 or 260 call, which ever Higher liquidity.. But be careful take only one or two lots.. : Don't avarage.. await for up move.. thanks. Anandan.R
Hi Guys,
Daily read for better understanding.. just for market understanding..
http://www.stateofthemarket.net/blog/?p=10998#more-10998
thanks. Anandan.r
hi anandan/sir,
frm whr 2 get chartnexus and sir's excel sheet..
anandan if u could gv m a sheet fr unitech plz
manunidhi21@gmail.com
new 2 the blog..
regards
manu
thanks sir...now i got your point..really thanks...
on option front..5300 call has crossed 60L in OI today...but even the 5200 put is not budging in its open interest...so its a sandwitch btw 5160-5340 odd coinciding with the levels given here...
Anandan,
ITC rocking
Dear Ilango,
Exited Bank Nifty since don't want to go against your analysis - 8900 short. Can we initiate a long at day's low or around 8850 levels ? Sorry to be irritating a few who don't want such questions in this forum.
Regards,
S Rajagopal
Anandan - watch LITL also. Currently split and trading around 50+ levels. Its technical journey path is 50 to 60 before it joing Suzner and Unitech. Just watch it.
Regards,
S Rajagopal
Note : I am watching not holding.
Hi Anandan,
Please send the excel sheet to me also.
ID : dhana.share@gmail.com
Thanks in advance,
Dhanabal
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