The Channel bottom @ 5160 should hold..
Bank Nifty has shown its "out performing" nature in the present..
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...
33 comments:
Good Morning Ilango. Thanks for the early warning on Bank Nifty last week - exited my shorts.
Regards,
S Rajagopal
Dear Ilango,
Nifty is trading above pivot. Shall we consider ORB today in this low trading range?
Thanks
Hi..RajaGopal,
Good..You are now following the prices.
Hi..Raj,
Combine the Pivot of the day & ORB for the day. Also see the TA position in the yahoo chart along with daily TA status.
Daily TA - UP.
Pivot for the day -5265.
So keep the ORB as 5265 to 5288 and buy @ 5265 zone with a small SL for an intraday trade.
Ilango sir, I am holding nifty short taken yesterday at 5289. Shall I book profit now at 5264 & go long for intraday? Pl guide.
Good Morning.
Ilango sir, with major stocks such as sbin, reliance icicibank etc., nearing the breakout levels,how much is the possiblity of Nifty going down viable?
Hi..Satheesh,
If 5245-5255 zone provides supports, this rally will continue.. Lets see..
Ilango sir, I have booked profit in my 5289 short at 5254, and have gone long at 5255 now. SL 5245NS. Thanks for the levels provided. I will now hold it for a target of 5280, and will go short above 5290.
GM Ilango sir, S& R for longs is 5240 or 5225??
Hi, Yesterday did you notice my calls..
I told to Sale or Buy Put.. for TCS / Infosys, / Wipro.. can you see today cracked about 1%..
I told to BUY IDFC, SAIL, ITC, HUL, even Market down, you can see IDFC and SAIL in positive.. and hope after noon HUL and ITC will also come to postive..
I indicated to BUY 5300 Put.. at 68.. today went up to 84...
Enjoy profits.. thanks. Anandan.R
Hi..Bizagra,
I am only discussing here for the "intraday trading" levels.
Conservative trade level remains the same as posted.
Ilango sir, thanks. Got it.
Sir what can be the stoploss for reliance futures if bought at these levels? I always find it difficult to assess the stoploss! Please guide also if time permits kindly mention a method to assess stoploss!!
sir i have a question, 15 min range was5282 and 5267. at 10 am nifty had already failed to break upper range and made an intraday doulbe top.at 10.08 it had broken 15 min op range on downside. why did u recommend long on pivot. was is a fading strategy? pls enlighten
hi..Satheesh,
1080 Spot may be kept as a SL for RIL
Hi Anandan,
Gud Calls. Your Wonder Excel sheet is really wonderful.
Thank you sir. When time permits please give inputs for assessing the stoploss - b'coz many times the stoploss which I have fixed will get triggerred and the it will prove to be the reversal point from thereon!!! MY LUCK!!!!!!!!!
hi Ilango and readers,
buy @ CMP..Stop loss at 5232 target new highs!!!
ie 60 points form here and more for swing trades
http://financeandtradingmadeeasy.blogspot.com/
good trading
Hi Adandan,
I dont know if i missed this xls sheet of your, I see lot of people asking for it can you please send to my id prakashks@rediffmail.com id. Also if u have a small write up/explination on it please attach that too..
Thanks in advance
Prakash
Ilango sir, for using exponential average can u please guide or suggest some site as to what value to take and how much weightage is to be given to the nearer value in proportion to the far value. Thanks.
Hi Guys,
Thanks Arvind...
I indicated to BUY Nifty 5300 Put...2 time..
Both times worked/up about 10 points..
BUY HUL... for very short term.. see..,,, you can try on CASH / F&O.. ( Intraday not good ),,
Thanks
anandan.R
Hello sir ILANGO,
Some i am explaine abt bank nifty EW pattern with sown table
wave 1 3314 to 7711 (up move)
wave 2 7711 to 6393 (down move)
wave 3 6393 to 7720 (up move)
wave 4 7720 to 6988 (dowm nove)
wave 5 6988 to 9630 (up move)
{wave 5 is explosive move in nature}
so now bank nifty in down ABC MOVE . so now we r sitting in short side or not?
sir am i right or wrong? plz explaine in yr stock wealth blog with ELLIOTT WAVE PATTERN wahts facts ?
Dear Anandan,
please send the Excel sheet at fibo61@gmail.com.
Thanks .
Rakesh
Rajagopal said...
Hi Bizagra - exactly the mental frame to take a step back and enjoy other people's excitment.
One small request - Sanjay Manjrekar (very good batsman) had a short test cricket span because he was trying to concentrate too much on his technique. Rahul Dravid also had the same problem, till some one spoke to him. Morale of the story is ...
Just relax for a session and come back stronger.
Regards,
S Rajagopal
PS: I am no better than You. But I am too thick skinned to accept defeats and shame.
January 18, 2010 11:25 AM
I really liked Rajagopal attitude yesterday...although its sad that that he is missing consistent returns and many others
http://financeandtradingmadeeasy.blogspot.com/2010/01/holy-grail-of-trading-roadmap-to.html
check the above link which adapted from i charts this has help me more in my trading career than any indicator/any book.
Dear Ilango Sir and Anandan Sir
I am new entrant to the group. Please send the Excel sheets to my id -sameernm@yahoo.com
Thanks in Advance
Sameer
Will the result of reliance due for jan 22 trigger any violent moves?
Dear Ilangon,
Today we are missing updated chart.
hello sirji,
plz put exele sheet
regards,
alpesh
hi, Anandan,
pi send excel sheet.My id tsrini74@gmail.com
thanks
Dear Ilango - Movement range seems to be in the negative zone so far. Is it such close Support-Resistance axis for the day? 5280-90 seems to be very strong resistance level.
In such scenario what would be your trade friend?
Regards,
S Rajagopal
Hello Dear Mr. Ilango - I would really appreciate if you could do a detailed technical post on tata motors or post its technical pivot on the blog , for it seems tata motors has kind of becoming a leading indicator of nifty .
Keep up the excellent work on this blog.
Thank you .
hi..rajagopal,
Intraday strategy: As daily & weekly in upmode, The lower trading range mentioned was 5240-5255 which was refined to 5245-5255 and Nifty made a low of 5250..
As per "ORB", the low range in the morning was 5265(day's pivot) and if any one has bought there, they should keep a SL @ 5245 or 5240 as this correction that started from yesterday's afternoon has done an "ABC" from 5293 to 5250.
Hi..Naveen,
My elaborate TA analysis limits me to few stocks only. Since your observations suggest of a good co-relation of Tata Motors to Nifty, I will add it tonight.
Hi Anandan plz send me the exel sheet to my id
rajkumar_cmk@yahoo.co.in. Thank you.
Hi, Guys,
Even Market going down, you can see HUL standing very strong..
& all the counters as metioned performing..
enjoy Profit..
I indicated to BUY 5300 PUT.. at 69 now almost 90...enjoy profits..
thanks anandan.R
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